Electricity Meters Market, By Type (Smart Meters, Analog Meters, and Digital Meters), By Technology (Advanced Metering Infrastructure and Automated Meter Reading), By End User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Sep 2024

Code : CMI4770

Pages :170

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Concentration and Competitive Landscape

Electricity Meters Market Concentration By Players

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Increasing Demand for Energy Efficiency and Management Solutions

With depletion of fossil fuel reserves, rising energy prices and mounting environmental concerns, there has been urgent need to maximize resource efficiency and minimize energy wastage worldwide. Buildings, industry and transportation account for over 60% of total global electricity consumption and offer substantial potential for savings through effective efficiency measures and demand side management. Retrofitting aging infrastructure with advanced monitoring and controls can help optimize processes and reduce operating costs significantly. At consumer level, rising environmental awareness and economic incentives boosts uptake of solutions such as smart thermostats, lighting controls, energy management displays and load curtailment technologies.

Utilities are also encouraging energy audits, efficiency upgrades and peak load shifting through innovative rate designs and demand response programs. Advanced metering infrastructure plays a pivotal role in enabling such efficiency strategies by providing real-time usage data and remote asset visibility and control capabilities at broad scale.

Key Players Insights