Electricity meters are devices that are used to measure consumption of electric energy and are used for industrial, residential, and commercial purposes. Traditional electricity meters used electromechanical induction, however electronic, smart, or digital meters have been gaining popularity over the last few years. Smart meters are an alternative to legacy energy meters and provide two-way communication.
In 2021 the global Electricity Meters Market is estimated to e valued at US$ 25,001.2 Million and is expected to exhibit a CAGR of 18.7% during the years (2021-2028)
Key Competitors in the Electricity Meters Industry:
1) Siemens AG: is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe. The company manufactures products like Electric generators, Transformers, Industrial and buildings automation, PLM software, Marine engines, Home appliances, Fire alarms etc. The company was founded in the year 1847 and the headquarters are located in Munich and Berlin, Germany. The company was founded by Werner von Siemens.
In October 2021, Siemens acquired the building loT software and hardware company Wattsense for an unknown sum. In February 2022, The Company completed the acquisition of ZONA Technology, specialist in aerospace and simulation firm.
2) Schneider Electric
Schneider Electric is a French multinational company, specializing in digital automation and energy management. The company addressed homes, building, data centers, infrastructure and industries. It is a Fortune Globes 500 company. The company was founded in the year 1836 and the headquarters are located in Rueil-Malmaison, France. The company was founded by Eugene Schneider and Adolphe Schneider.
In 2022, Schneider Electric completed the acquisition of AutoGrid, a company that helps utilities automate distributed energy management.
3) Itron
Itron is an American technology company that offers products and services for energy and water resource management. Products manufactured by Itron include electricity, gas, water and thermal energy measurement devices. The company was founded in the year 1977 and the headquarters are located in Liberty Lake, Washington, United States.
In 2021, Itron completed the acquisition of SELC, a Street Lighting controls company.
4) Landis+Gyr
Landis+Gyr is a publicly listed, multinational corporation that operates in over 30 countries. The company was founded in the year 1896, and the headquarters are located in Cham, Switzerland. Products manufactured include Energy meters, Heat meters, smart meters, and Gas meters. The company was founded by Richard Theiler and Adelrich Gyr.
5) General Electric
General Electric is an American multinational conglomerate that operates in aviation, power renewable energy, digital industry etc. The company was founded in the year 1892, and the headquarters are located in Boston, Massachusetts, U.S. General Electric was founded by Charles A. Coffin, Thomas Edison, J.P. Morgan.
In December 2021, General Electric completed the acquisition of Opus One Solutions, a software engineering and solutions company.
