Smart electric meter market ppt

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Smart Electric Meter Market 2026 - A USD 12
Billion Revenue Opportunity
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Industry Overview

• The global Smart Electric Meter Market is
  estimated to observe tremendous expansion owing
  to the rapid industrialization across the globe.
  This has led to an upsurge in the electricity
  demand not only across the industrial sector but
  also from the residential and commercial sectors.
  The ongoing expansion of grid infrastructure
  along with the mounting investments in the
  digitalization of electrical systems is also
  likely to increase the demand for smart electric
  meters. Shifting focus towards the implementation
  of energy-efficient technologies and ongoing
  electrification programs should further foster
  smart electric meters industry share.
• Smart electric meters are massively deployed in
  electric companies owing to their features such
  as efficient utilization of power resources,
  allowing dynamic pricing, preventing capital
  expense in building new power plants, offering
  responsive data to balance electric loads while
  decreasing blackouts, and more.
• The three-phase segment is projected to observe
  tremendous expansion in the smart electric meter
  market majorly due to the increasing need for
  power reliability throughout engineering
  processes such as education, logistics,
  hospitality, and oil and gas.

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Continue

• While three-phase systems are rather effective,
  the viability provided by single-phase systems is
  indeed commendable. These systems are often used
  in utility aided power networks and high capacity
  industrial establishments. Ongoing urbanization
  trends along with the suitable regulatory norms
  to upgrade small scale industries majorly in the
  developing economies are likely to proliferate
  the single-phase systems demand through 2026.
• Considering the regional frame of reference, the
  immense development in the service sector is
  projected to push the Middle East and Africa
  smart electric industry expansion. The expanding
  real estate sector may also be responsible for
  pushing the regional growth. Governments across
  MEA have ben enforcing numerous regulatory
  initiatives and norms to reduce the
  non-electricity revenue. With increasing number
  of power outages in the region and ongoing
  replacement and upgradation of existing data
  collection systems having efficient electric
  meters, MEA is anticipated to emerge as a viable
  revenue pocket for smart electric meter industry.
• Meanwhile, stakeholders across smart electric
  meter market are implementing numerous strategies
  such as collaborations and acquisitions to gain a
  competitive edge over other companies.

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report _at_ https//bit.ly/2ZpXYyT
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Smart Electric Meter Market

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