Global Intelligent Power Meters Market Overview:
Intelligent Power Meters are IoT infused power meters catering to demand for the time saving in power consumption data allow end-users to easily monitor power consumption and reduce it accordingly. Digitizing the Meter begins with the devices that measure and collect data and bring intelligence to the edge of the grid. They work with one’s choice of communication technology like RF mesh or cellular IoT. Accuracy and Performance is focused due to high demand in commercial spaces. Some of the players profiled in the study are Itron Inc. (United States), Landis+Gyr (Switzerland), Schneider Electric SA (France), Siemens AG (Germany), Badger Meter (United States), EDMI (Singapore), Holley Metering Limited (China), Neptune Technology Group Inc. (United States), Sensus (United States) and Honeywell International Inc. (United States).
On the basis of geography, the market of Intelligent Power Meters has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Communication Channel, the sub-segment i.e. Wi-SUN will boost the Intelligent Power Meters market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Support from Government for Power Consumption Control Purpose
- Renewable Energy Integration to Intelligent Power Meter Infrastructure
Influencing Trend
- Deployment of Effective Monitoring and Control of Energy Consumption
Restraints
- Electricity Theft Bypasses, Data Manipulation and Data Breach
Opportunities
- Innovation in More Efficient, Breach-Proof and User-Friendly Operation
Challenges
- End User Resistance for New Technology Adoptions and Misconceptions
- High Costs Involved in Smart Meter Installation
In Jan. 2021, Landis+Gyr’s acquires of Rhebo, a leading technology provider of cybersecurity solutions to protect critical infrastructure. This acquisition will strengthen Landis+Gyr’s position in this growing market.
ANSI C12.22 states communication protocol for remote communications. and The Open Smart Grid Protocol (OSGP) European Telecommunications Standards Institute (ETSI) with ISO/IEC 14908 control networking standard for smart metering and smart grid applications.
Target Audience:
Intelligent Power Meters Manufacturer, Raw Material Manufacturer, Government Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Intelligent Power Meters market on the basis of product [Smart Electric Meters, Smart Water Meters and Smart Gas Meters] , application [Residential, Commercial and Industrial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Intelligent Power Meters market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Intelligent Power Meters industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Intelligent Power Meters market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.