A
Smart Electricity Meter is an
electronic device which measures the amount of electricity used for billing
purposes. Smart metering systems are
accurate and provide exact figures of the electricity spent. The Smart Electricity Meters Market deals
with the supply and demand of this device across various industries across the
globe.
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The Asia-Pacific is the leading market region
for Smart Electricity Meters Market
with China leading the charge. The Asia-Pacific region is expected to have
highest growth in the next few years due to growing adoption of power meter in
industrial applications.
In Smart Electricity Meters Market, Asia
power metering system accounts to more than quarter of the global market for
Power Metering and is the fastest growing market followed by America.
In North America and South America, Oil &
Gas industry and chemical industry are the major end users of Power Meter
propelling the Smart Electricity Meters
Market. North America and Asia together are estimated to occupy a share of
more than half of the global market shares during 2016-2021 suggests
IndustryARC market research report.
The global Smart Electricity Meters Market is segmented into various
categories by phase, by type, by application, by industry and by geography in
the market research report by IndustryARC for better understanding of the scope
of the market.
- By phase: single phase and three phase
- By type: analog meter, digital meter and smart meter
- By application: commercial, industrial and residential
- By industry: automobile, oil & gas, mining, water treatment, chemical and petrochemicals, pulp and paper, food and beverage, power generation, general machineries, semiconductors and others
- By geography: North America, South America, Europe, Asia Pacific and ROW
Some of the prominent players in the Smart Electricity Meters Market are as follows:
- Environmental Manufacturing Inc. (Emi)
- Heitman Laboratories Inc.
- Kws Manufacturing Company Ltd.
- Lubecorp Manufacturing Inc.
- Secure Meters (UK) Ltd
The Smart
Electricity Meters Market is expected to grow in upcoming years replacing
the old conventional electricity meters across the globe. Smart Electricity
meters are applicable in all end user industries and households, thus hinting
at the high scope of applications during 2016-2021.
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