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Report overview
The global Electricity Submetering For Smart Grid market size was valued at US$ 4.95 in 2023 and is projected to reach US$ 13.24 billion by 2030, at a CAGR of 17.90% during the forecast period 2024-2030
A smart meter is an electronic device that records consumption of electric energy and communicates the information to the electricity supplier for monitoring and billing. Smart meters typically record energy hourly or more frequently, and report at least daily. Smart meters enable two-way communication between the meter and the central system. Such an advanced metering infrastructure (AMI) differs from automatic meter reading (AMR) in that it enables two-way communication between the meter and the supplier. Communications from the meter to the network may be wireless, or via fixed wired connections such as power line carrier (PLC). Wireless communication options in common use include cellular communications (which can be expensive), Wi-Fi (readily available), wireless ad hoc networks over Wi-Fi, wireless mesh networks, low power long range wireless (LORA), ZigBee (low power low data rate wireless), and Wi-SUN (Smart Utility Networks).
This report aims to provide a comprehensive presentation of the global market for Electricity Submetering For Smart Grid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electricity Submetering For Smart Grid. This report contains market size and forecasts of Electricity Submetering For Smart Grid in global, including the following market information:
Global Electricity Submetering For Smart Grid Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global Electricity Submetering For Smart Grid Market Sales, 2018-2023, 2024-2032, (K Units)
Global top five Electricity Submetering For Smart Grid companies in 2022 (%)
First of all, since the inception of electricity deregulation and market-driven pricing throughout the world, utilities have been looking for a means to match consumption with generation. Non-smart electrical and gas meters only measure total consumption, providing no information of when the energy was consumed. Smart meters provide a way of measuring this site-specific information, allowing utility companies to charge different prices for consumption according to the time of day and the season. Second, the markets in Europe and North America will be driven primarily by regional targets for energy-efficiency and reductions in energy.The large untapped consumer base and the increasing need to be energy efficient is expected to drive the submeter market in the Asia-Pacific region. In additionhigh power cost, energy efficiency strategies and the need to partition utility power bills among individual customer for individual force utilization has driven the development of the business sector.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electricity Submetering For Smart Grid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electricity Submetering For Smart Grid, market overview.
Chapter 2: Global Electricity Submetering For Smart Grid market size in revenue and volume.
Chapter 3: Detailed analysis of Electricity Submetering For Smart Grid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electricity Submetering For Smart Grid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Electricity Submetering For Smart Grid capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
