Recent Developments:
In March 2021, Itron, Inc., a U.S. based technology company launched eHZ-B residential smart meter for utilities and cities in Germany. The eHZ-B smart meter is built with advanced functionality to support Germany’s energy transition to a low carbon, reliable and affordable energy supply, and equip utilities and cities to safely migrate to a smart and connected distribution network.
In April 2021, Tata Power Delhi Distribution Limited (Tata Power-DDL), a joint venture between Tata Power and the Government of NCT of Delhi has launched Narrow Band-Internet of Things (NB-IoT) for smart meters installed in its service area.
Global Electricity Meters Market: Key Developments
Major companies in the market are focused on mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in January 2020, Siemens AG acquired C&S Electric, an India-based manufacturer of electric and electronic equipment.
Key market players are involved in mergers and acquisitions, in order to enhance the market presence. For instance, in May 2018, Schneider Electric SA, an energy management company, acquired L&T’s electrical and automation business.
Electricity Meters Market Report Snapshots
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