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PLC Smart Electric Meter Market Share

Report ID: GMI12077
Published Date: Oct 2024
Report Format: PDF

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PLC Smart Electric Meter Market Share

Companies such as ABB and Itron command a substantial market share in the PLC smart electric meter sector, due to their deep expertise in advanced metering solutions and smart grid technologies. They provide a wide array of innovative products that improve energy management and efficiency. Their long-standing partnerships with utility providers, coupled with a robust emphasis on research and development, empower them to offer state-of-the-art solutions that cater to the changing needs of the market.

PLC Smart Electric Meter Market Companies

Major players operating in the PLC smart electric meter industry are:

Advanced Electronics Company
Aclara Technologies
Apator
Cisco Systems
Circutor
CyanConnode
General Electric
Honeywell International
Iskraemeco Group
Itron
Kamstrup
Larsen & Toubro
Mitsubishi Electric Corporation
Osaki Electric
Schneider Electric
Sensus
Siemens
Trinity Energy Systems

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of PLC smart electric meter reached USD 4.1 billion in 2023 and is estimated to grow at a 10.6% CAGR from 2024 to 2032, driven by increasing demand for efficient energy management and rising government initiatives for smart grid deployment.

The three-phase segment is projected to achieve a CAGR of over 10.4% through 2032, led by its ability to provide enhanced efficiency and reliability in energy distribution.

The U.S. market is expected to cross USD 687 million by 2032, owing to the increasing focus on upgrading aging infrastructure and modernizing the electrical grid.

Major players in the industry include Advanced Electronics Company, Aclara Technologies, Apator, Cisco Systems, Circutor, CyanConnode, General Electric, Honeywell International, Iskraemeco Group, Itron.