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The Worldwide Water Meter Industry is Expected to Reach $25+ Billion by 2027

Global Water Meter Market By Product, By Distribution

Worldwide Smart Meter Industry to 2026 - Players Profiled Schneider Electric, Siemens and General Electric Among Others

Share this article Share this article ResearchAndMarkets.com s offering. 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 electromagnetic radiation (RF), and cellular communication, assisting the utility company to successfully manage the use of energy. A lot of advantages are provided by smart meters such as decreasing meter reading cost, preventing disconnection, reducing errors in billing, and re-connection cost to consumers and corporations.

Global Smart Meter Market (2020 to 2027) – by Product and End-use – ResearchAndMarkets com

Posted on 457 ResearchAndMarkets.com’s offering. The global smart meter market size was $21.13 billion in 2019 and is projected to reach $39. 20 billion by 2027, to register a CAGR of 8. 80% during the forecast period. A smart meter is a digital meter that replaces old analog meters, which are used in homes to record electrical usage. These digital meters can transmit energy consumption information to the utility in frequent intervals, and can monitor consumption more precisely. Smart meter uses wireless networks similar to mobile phone networks, to send data directly to particular energy supplier to know about how much gas and electricity is being used.

Global Smart Meter Market (2020 to 2027) - by Product and End-use

Press release content from Business Wire. The AP news staff was not involved in its creation. Global Smart Meter Market (2020 to 2027) - by Product and End-use - ResearchAndMarkets.com December 21, 2020 GMT DUBLIN (BUSINESS WIRE) Dec 21, 2020 ADVERTISEMENT A smart meter is a digital meter that replaces old analog meters, which are used in homes to record electrical usage. These digital meters can transmit energy consumption information to the utility in frequent intervals, and can monitor consumption more precisely. Smart meter uses wireless networks similar to mobile phone networks, to send data directly to particular energy supplier to know about how much gas and electricity is being used.

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