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Utility Scale Smart Meters Market Share

Report ID: GMI11610
Published Date: Sep 2024
Report Format: PDF

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Utility Scale Smart Meters Market Share

Utility Scale Smart Meters Company Market Share Analysis, 2023

Companies like ABB, General Electric, Siemens, Eaton and Schneider Electric are the main operators in market distribution product segments. Smart meters are becoming integral to modern utility systems and offer enhanced capabilities over traditional metering solutions. They provide utilities with accurate real-time data on energy consumption, which facilitates better grid management, load balancing, and fraud detection. The transition from analog to digital smart meters aligns with global efforts to modernize infrastructure and improve energy efficiency. This fosters innovation and caters to diverse customer needs across the globe.

Utility Scale Smart Meters Market Companies

Eminent players operating in the utility scale smart meters industry include:

ABB
Belden.
CG Power & Industrial Solutions.
Cisco Systems
Eaton
Efacec
General Electric
Hitachi Energy.
L&T Electrical and Automation
Locamation
NetControl Group
NR Electric.
Open Systems International.
Rockwell Automation.
Schneider Electric
Siemens
SIFANG
Tesco Automation.
Texas Instruments Incorporated

Authors: Ankit Gupta

Frequently Asked Questions (FAQ) :

The global utility scale smart meter market size is projected to surpass USD 15.7 billion by 2032 and is anticipated to grow at a CAGR of 16.3% through 2032, due to the increasing need for efficient energy management and government initiatives promoting smart grids.

The growth of the AMI segment is projected to exceed USD 12.8 billion by 2032, driven by the need for enhanced energy distribution management, optimized real-time consumption monitoring, and the integration of renewable energy sources.

The smart electric meter segment is projected to grow at a rate of 16% by 2032, driven by the global emphasis on energy conservation from governments and utility companies.

U.S. utility scale smart meter market is anticipated to surpass 1.3 billion by 2032, since government is implementing strong policies and regulations to modernize their energy infrastructure.

Some of the key players in the industry include are ABB, Belden., CG Power & Industrial Solutions., Cisco Systems, Eaton, Efacec, General Electric, Hitachi Energy., L&T Electrical and Automation, Locamation, NetControl Group, NR Electric., Open Systems International., Rockwell Automation., Schneider Electric, Siemens, SIFANG, Tesco Automation., Texas Instruments Incorporated.