This IDC Market Perspective provides an overview of the utilities industry in 3Q20, covering M&As, agreements, reorganizations, and major business developments; new financing deals; major traditional infrastructure projects; major renewables infrastructure projects; water developments; major hybrid and battery energy storage projects;...
Smart Meter Market Research Report by Phase (Single Phase and Three Phase), by Product (Smart Electric Meter, Smart Gas Meter, and Smart Water Meter), by Type, by Application - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The report provides market sizing and forecast across five major...
The smart meter market witnessed a shipment of approximately 131.23 million units of smart meters globally in 2019 and is estimated to reach to 188.12 million units by 2025, registering a CAGR of 6.6% for the forecast period. Smart grids are being implemented around the world, with the aim of improving the efficiency of power networks. Smart...
The global energy management system market was valued at USD 8.48 billion in 2019, and it is forecasted to reach a value of USD 17.38 billion by 2025, reflecting a CAGR of 16.2% during the period, 2020 - 2025. The increasing focus toward issues, such as managing energy consumption, optimizing the use for renewable energy sources, and reducing...
The Advanced Metering Infrastructure Market was valued at USD 7.75 billion in 2019 and is expected to reach USD 17.0 billion by 2025, at a CAGR of 14% over the forecast period 2020 - 2025. Smart Meters represent a transformative technology for the utility industry. These technologically advanced meters provide greater insight into the usage...
Smart Electricity Meter Market Research Report by Phase (GISM, Single Phase, GISS, Meter installed for heavy consumers, and GIST, Three Phase), by Precision (Class 0.25S, Class 0.2S, and Class 0.5S), by Communication Technology, by End User - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The...
The Global Smart Meter Market size is expected to reach $38 billion by 2026, rising at a market growth of 11.1% CAGR during the forecast period. Smart meters are referred to as electronic devices that precisely track electricity, gas, and water utilization. Usage information can be sent by these smart meters via power line communication, radiofrequency...
The global smart meter market continued to register strong growth in 2019, as major rollouts continued to accelerate.China led the trail and various pockets of Europe went ahead with large-scale pilots and installing second-generation smart meters. China continued to account for more than half of the global market, holding 56.2% of...
The Utility Billing Software Market is expected to grow at a CAGR of 8.31% during the forecast period (2020 - 2025). Utilities comprise of effective billing and collection systems. The rapidly changing industrial environment, the presence of digitally advanced consumers, and the convergence of digital devices and technologies and traditional...
The smart meters market had approximately 2,041.9 thousand units shipped across the Middle East & Africa in 2019, and the number is estimated to reach 6,047.8 thousand units by 2025, registering a CAGR of 20.4% during the period, 2020-2025. With rapid economic and population growth resulting in higher energy demand, the need for energy management...