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Smart Meters Market by Growth Insight, Competitive Analysis

Homeowners and businesses are increasingly relying on energy monitoring and maintenance systems to install efficient appliances with a low carbon footprint. Smart meters, in particular, are likely to gain momentum, mainly due to the rapid implementation of energy conservation projects.

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Smart Meters Market by Growth Insight, Competitive Analysis

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  1. Smart Meters Market by Growth Insight, Competitive Analysis and Regional Statistics to 2028

  2. Industry Insights • Homeowners and businesses are increasingly relying on energy monitoring and maintenance systems to install efficient appliances with a low carbon footprint. Smart meters, in particular, are likely to gain momentum, mainly due to the rapid implementation of energy conservation projects. • Due to the growing awareness about the benefits of smart energy monitors, international energy companies are emphasizing innovations and designing of new product ranges to achieve climate goals. • Citing an instance, in January 2022, the University of Michigan announced initial spending of $5 million to conserve energy, reduce greenhouse gas emissions, and reach carbon neutrality targets. Factors like these could support smart meters market expansion, owing to the product’s ability to provide transparency into energy usage.

  3. To reduce carbon emissions, several energy companies are entering strategic agreements to develop smart water meters. For example, in February 2022, E.ON partnered with Vodafone to retrofit water meters with wireless tech. • As a part of the partnership, the two companies were further planning to deploy the technology for electricity and gas meters as well in the future. With the adoption of this digital technology, water leaks or other irregularities could be rapidly detected, helping save resources and contributing to the growth of the smart meters industry. • Member states of the European Union are promoting the use of gas smart meters based on the issuance of directives following the introduction of greenhouse gas emission reduction targets. • In line with this, in July 2021, Panasonic Corporation announced its plan to provide gas utility services as a one-stop solution, including data monitoring, NB-IoT connectivity, and other devices for smart gas meters in Europe. This initiative was implemented with the objective to contribute to the reduction of GHG through the adoption of smart meters.

  4. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1180

  5. Competitive Analysis • Prominent players operating across smart meters market includes Honeywell International, Inc., Osaki Electric Co., Ltd., Raychem RPG Private Limited, Itron, Inc., Sensus, Aclara Technologies LLC, Landis+Gyr, Apator SA, Schneider Electric SE, Badger Meter, Inc., Neptune Technology Group, Inc., Zenner International GmbH & Co, .KG Request for Customization @ https://www.gminsights.com/roc/1180

  6. Latest Research Report On Smart Meters Market @ https://www.gminsights.com/industry-analysis/smart-metering-systems-market Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1180 Request for customization @ https://www.gminsights.com/roc/1180

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