Smart Electric Meter in Lighting Market: Industry Size, Growth, Analysis and Forecast To 2026

A smart electric meter is an electronic device that records consumption of electric energy in intervals of an hour or less and conveys that information at least daily back to the utility. It is a new kind of electricity meter that can digitally send meter readings to the energy supplier. Smart electric meters use a secure national communication network called as DCC to automatically and wirelessly send actual energy usage to the supplier. This means end users will no longer rely on estimated energy bills or have to provide their own regular readings. Smart meters will also come with an in-home display. This display gives real-time usage information to each household, including kWh use and related cost. Some of the advantages of using smart electric meter instead of other are more accurate bills, better understanding of own usage and innovative energy tariffs.

Key players in the smart electric meter in lighting market are:
Schneider Electric, Iskraemeco, EKM Metering, Advanced Electronics Company, Holley Metering, Jiaxing Eastron Electronic Instruments, Elster Group (owned by Honeywell), Kamstrup, LINYANG Energy, Simpson Electric, Murata Power Solutions and Landis Gyr.

Get sample copy of at:  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=36416

There are various factors which driving the growth of smart electric meter in lighting market. Some of the key factors are increasing investments in renewable power projects, growth in transmission & distribution expenditure and rise in smart grid infrastructural developments across the globe. One of the crucial factor which is driving the smart electric meter in lighting market is increase in the energy prices and growing instances of electricity theft which will further boost product demand of Smart electric meter Other factors accelerating the growth of the smart electric meter market for lighting are changing technology, growing demand, and changes in consumer preferences towards the meters with high efficiency. This growing demand for electric meter has ensured that all the major key players have updated with the trends of the market and innovate accordingly. Also rising patent filings as one of the trends behind the growth of smart electric meter in lighting market. Vendors are making huge investments in their R&D activities leading to product innovation and safety and attempting to make the upgrades and maintenance cost effective. However the resistance of end-users toward the installation of new technologies is a major concern for smart electric meter in lighting market, also gaining customer’s confidence is a major challenge. The key reason behind such reluctance is lack of awareness about the importance of the smart electric equipment among consumers, which is the biggest barrier hindering the growth of the smart electric meter in lighting market.

The smart electric meter in lighting market is segmented on the basis of application, technology, phases and geographical region. On the basis of application, smart electric meter in lighting market is segregated into residential, commercial and industrial. Furthermore, the market is divided based on technology into advent of automatic meter reading (AMR) and advanced metering infrastructure (AMI).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

Have any query? Inquiry about report at:  https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=36416

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Buy this Report at:  https://www.transparencymarketresearch.com/checkout.php?rep_id=36416&ltype=S

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

Contact:

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
Email: [email protected]
Website: https://www.transparencymarketresearch.com