POWER METERING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In May 2024, Accuenergy, a leading manufacturer of energy management solutions, announced the launch of its Acuvim 3 Series Power Quality Meter. This advanced metering device is designed to provide comprehensive power quality monitoring and analysis, meeting the stringent IEC 61000-4-30 Class A compliance standards.
• In March 2024, Airtel Business, the enterprise arm of Bharti Airtel, announced a collaboration with Adani Energy Solutions Limited (AESL) in January 2024 to deploy connectivity for over 20 million smart meters. This strategic partnership aims to ensure the reliable and secure connectivity for AESL's smart metering deployments across India.
• In 2023, HPL Electric and Power Ltd, a leading manufacturer of electrical equipment in India, announced a strategic partnership with Wirepas, a global provider of wireless connectivity solutions. This collaboration aims to accelerate the deployment of smart metering infrastructure across India, leveraging the strengths of both companies.
• In 2023, UnaBiz, a leading IoT service provider, and KAIFA, a prominent manufacturer of smart meters, announced a strategic partnership to accelerate the global adoption of smart water metering solutions using Sigfox 0G network technology. This collaboration aims to revolutionize the water metering industry by providing a cost-effective and energy-efficient solution for water utilities worldwide.