Understanding COVID-19’s impact on the Smart Meters Market, Infers Fact.MR

Posted on 2020-11-25 by Mark Hub in Internet & Online // 0 Comments

Dublin ,Ireland, 2020-Nov-25 — /EPR Network/ —

Smart meters are slowly unlocking the future for a smart energy system that’s main function is to deliver cost-effective, secure and clean energy. Smart meters are slowly paving the way for a futuristic energy system. This will not only enhance renewable energy generation and lower emissions but also give intrinsic opportunities to organizations for innovation in order to support a broader digital economy. Asian countries are poised to be the leaders in this space and it is predicted that nearly 70% of all homes in this region will have access to smart meters. The advantages of smart meters such as accuracy in billing, reduced operational costs and the elimination of meter readings are going to propel the smart meters market to newer heights.

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Smart meters – a highly competitive market

The smart meters market is highly competitive due to the presence of large number of manufacturers. The key players in the smart meters market include Itron Inc, Iskraemeco d.d, Landis+Gyr Ag, Osaka Electric Co. Ltd, Elster Group GmbH, Siemens AG, General Electric Company, ICSA(India) Limited, Schneider Electric Sa, and Holley Metering Ltd.

Regional analysis for smart meters includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa

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The improvement in display technology has not only impacted the televisions and smartphone users but also the users of electricity and gas with smart meters. The in-home display for smart meter lets the user know the energy usage pattern at different times of day, week, month or year. A smart meter, thus makes the user aware about their usage so that they can manage their use of appliances to fall under the desired bill bracket.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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