The global Smart Electricity Meters market is experiencing significant growth and is expected to reach a size of approximately $20.5 billion by 2030, with a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030. This growth is driven by various factors, including the increasing adoption of smart meters for electricity consumption measurement. Here are some key insights from the report:
Market Segmentation:
Single-Phase smart meters are expected to record a CAGR of 7% and reach a market size of $14.6 billion by 2030.
Three-Phase smart meters are projected to experience a higher CAGR of 9% over the same period.
Geographic Analysis:
The report provides a detailed analysis of specific geographic areas, with a focus on the US and China.
The US market is currently estimated at $1.8 billion and is expected to see significant growth.
China is forecasted to reach a market size of $7.6 billion by 2030.
Competitive Landscape:
The report highlights 16 significant players in the Smart Electricity Meters market, including Siemens AG and Schneider Electric SE.
Analyzing the competitive landscape can provide insights into the market dynamics and help businesses gain a competitive edge.
Global Economic Outlook:
The report discusses the global economic outlook, with improvements expected in the coming years.
Factors such as GDP growth, inflation, and government policies are considered in the analysis.
Challenges and Opportunities:
The report acknowledges challenges such as the war in Ukraine, inflation concerns, and regulatory changes.
It also highlights the potential for growth in various technologies, including AI, machine learning, renewables, and climate technologies.
Overall, the Smart Electricity Meters market is on a growth trajectory, driven by technological advancements and increasing demand for more efficient electricity consumption measurement. The report provides valuable insights for businesses and investors looking to navigate this evolving market.
What`s New?
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 and a Looming Global Recession
Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
Smart Meters: Laying the Foundation of Energy Efficiency and Reliable Utility Networks
An Introduction to Smart Electricity Meters
Smart Electricity Meters: Reliable, User-Friendly, Cost Effective, and Energy Efficient Technology
Key Challenges Confronting the Smart Electricity Meters Market
Competition
Recent Market Activity
Smart Electricity Meters – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Environmental Concerns, Reduction in Energy Wastage, and Need for Energy Efficiency Drive Adoption of Smart Metering Technology
Myriad Benefits of Smart Electricity Meters to Drive Global Adoption
Benefits of Smart Electricity Meters to Utilities
Benefits to Customers
Digitization Trend in Utilities Spurs Adoption of Smart Meters
Spiraling Demand for Electricity and Inefficient Infrastructure Drives Power Utilities to Deploy Smart Meters
Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
Growing Deployments of Smart Grids: A Strong Business Case for Smart Electricity Meters
Spending on Smart Grids Strengthens Smart Metering Infrastructure Plans: Global Market for Smart Grids in US$ Billion) for the Years 2018 and 2020
Renewable Energy Integration: A Promising Application of Smart Electricity Meters
Rising Prominence of Internet of Things (IoT) in Utilities to Benefit Penetration
Rise of Smart Cities and Focus on Smart Energy Management Opens Up Opportunities for Smart Electricity Meters
At the Core of Smart Cities Are Smart Metering Solutions for Provision of Smart Utility Services: Global Market for Smart City Technologies in US$ Million for the Years 2019 and 2025
Smart Electricity Meters Emerge as Vital Components for Efficient Energy Use & Consumption Control in Smart Cities
Increasing Investments in Smart Home Technology Solutions to Fuel Demand for Smart Meters
Growing Investments into Smart Homes Stimulate Smart Meters Market: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
Integration of Electric Vehicles and Smart Meters Enable Shift towards Sustainable Economy
Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
Rising Prominence of Smart Electricity Meters in Advanced Outage Management
Smart Electricity Meters Gain Prominence in Distribution Automation
Government Policies Critical for Smart Electricity Meters Adoption
Cloud Computing Transforms Smart Metering Market
Big Data Analytics to Provide Actionable Insights from Smart Meters-Generated Data
AI Presents Immense Opportunities to Tap Smart Meter Data
Blockchain to Mitigate Data Safety and Privacy Concerns for Smart Meters
Increasing Integration of Cellular Technology in Smart Electricity Meters
Population Growth and Demographics Drive Need for Smart Utility Infrastructure, Supporting Demand for Smart Meters
World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
World Urban Population in Thousands: 1950-2050P
Key Issues & Challenges Hampering Widespread Adoption of Smart Meters
About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact: Research and Markets Laura Wood, Senior Manager [email protected]
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
GRAND FORKS, N.D., Sept. 26, 2023 /PRNewswire/ — Northern Air Action Park has officially announced the addition of a high-speed karting track to its ever-growing list of thrilling attractions. This new feature underscores the park’s commitment to providing unique, adrenaline-pumping experiences for the community and surrounding states.
The road to bringing high-speed karting to Northern Air had its bumps. The journey, spanning 12 months, was filled with numerous challenges and setbacks. From securing permits to designing a track that ensures excitement and safety, co-founder Bryan Lee and his team faced an uphill battle. Yet, their determination and resilience saw them through.
“Building this track was a labor of love,” said Bryan Lee, Co-founder of Northern Air Action Park. “We encountered obstacles at every turn, but our team’s persistence and passion for providing a unique experience never wavered. As guests race around our track, we hope visitors share in the dynamic energy that went into creating it.”
Northern Air Action Park has always distinguished itself from other entertainment venues with its unique offerings. With the addition of the karting track, visitors now have an even wider array of adrenaline-fueled activities. The park also boasts a trampoline park, an arcade, laser tag, and axe throwing, with a full-service restaurant and bar on the horizon.
Starting at $24 per race, visitors can now experience the thrill of high-speed karting. Northern Air Action Park is located at 1600 32nd Ave S, Grand Forks, ND, and is open from 4-10pm on Fridays, 10am-10pm on Saturdays, and 12pm-7pm on Sundays.
About Northern Air Action Park: Northern Air Action Park is a premier entertainment venue in Grand Forks, North Dakota. Offering a wide range of adrenaline-pumping activities such as high-speed karting, trampoline jumping, laser tag, and axe throwing, Northern Air is committed to providing unforgettable experiences for all ages.
~ Virginia is first in nation to submit all required BEAD plans ~
RICHMOND, Va., Sept. 26, 2023 /PRNewswire/ — The Virginia Department of Housing and Community Development announced today the submission of the Initial Proposal Volume 2 to the National Telecommunications and Information Administration (NTIA), which includes the adoption of public comment. The submission of the plans and initial proposals are the final step for Virginia to access its $1.48 billion federal allocation to deploy high-speed internet networks to areas without broadband.
“Virginia maintains its position as a leader in affordable broadband connectivity and remains committed to bridging the digital gap,” said Secretary of Commerce and Trade Caren Merrick. “Virginia stands as a beacon of national leadership in bridging the digital divide, with an unwavering commitment to making broadband accessible to every Virginian.”
“In today’s rapidly evolving digital landscape, high-speed broadband access is not a luxury. It is an essential component of daily life,” said DHCD Director and Chief Broadband Advisor Bryan Horn. “We are delighted to announce that the Commonwealth is at the forefront in the nation to reach statewide universal broadband coverage and crafting effective strategies to bridge the digital divide, leaving no Virginian behind.”
The Commonwealth is now the first state in the nation to submit its 5-Year-Plan, Volume 1 and Volume 2 of the Initial Proposal which outline Virginia’s plans for the Broadband Equity, Access, and Deployment (BEAD) program under the federal Infrastructure Investments and Jobs Act. These funds will be prioritized to reach the estimated 162,000 remaining unserved homes, businesses and community anchors in the Commonwealth that are not yet in a broadband deployment project area.
The BEAD program is a $42.45 billion nationwide program to expand high-speed internet access by funding planning, infrastructure deployment, affordability and adoption programs. The Department of Housing and Community Development (DHCD) will administer the Commonwealth’s $1.48 billion BEAD allocation to build upon the work of the Virginia Telecommunication Initiative (VATI) to reach the remaining unserved regions of the Commonwealth. Once funding for universal broadband access is delivered, DHCD will focus on leveraging these investments through promoting affordability and improving adoption of this critical service.
The next step in the BEAD program involves a challenge process that confirms that all locations lacking access to high-speed internet, and not part of an existing deployment project, are included in this initiative. The challenge process offers an opportunity for local governments, nonprofit organizations and broadband providers to thoroughly review the preliminary list, which currently identifies 162,000 homes, businesses and community anchor institutions without broadband access.
“Broadband is indispensable in today’s digital world,” said Dr. Tamarah Holmes, Director of Broadband for DHCD. “We encourage our broadband partners to take part in the challenge process to certify no Virginian is left behind in this digital world.”
Following the challenge process, DHCD will initiate the application phase. During this phase, broadband providers will have the opportunity to submit proposals to extend their services to these unconnected regions.
NEW YORK, Sept. 26, 2023 /PRNewswire/ — The Indium Tin Oxide Market size is projected to grow by USD 213.87 million, accelerating at a CAGR of 5.24% during the forecast period, according to Technavio. Increasing dependency on renewable energy sources is notably driving the indium tin oxide market. However, factors such as shortage in indium production may impede market growth. We provide a detailed analysis of 20 companies operating in the indium tin oxide market including Amalgamated Metal Corp. PLC, American Elements, Diamond Coatings Inc., ENAM OPTOELECTRONIC MATERIAL CO. LTD., ENEOS Holdings Inc, Guangxi Crystal Union Photoelectric Materials Co. Ltd., Indium Corp., Knight Optical Ltd., Kurt J Lesker Co., Merck KGaA, Mitsui Mining and Smelting Co. Ltd., NANOGRAFI Co. Inc., Nanoshel LLC, Nitto Denko Corp., NYACOL Nano Technologies Inc., OPCO Laboratory Inc., Otto Chemie Pvt. Ltd., Tosoh Corp., Ulvac Inc., and Umicore SA. Buy the report now for detailed company information
Technavio has announced its latest market research report titled Global Indium Tin Oxide Market 2023-2027
Indium Tin Oxide Market 2023-2027: Company Analysis:
Ulvac Inc.: The company offers indium tin oxide products such as NE 5700 and SIV series systems.
Indium Tin Oxide Market 2023-2027: Segmentation:
The market is segmented by Technology (Sputtering, Vacuum evaporation, Chemical vapor deposition, Spray pyrolysis, and Others), Application (Electrochromic displays and LCDs, Touch panels, Photovoltaics, Transparent electrodes, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
The sputtering segment is expected to experience substantial growth during the forecast period. Sputtering is a highly versatile method for depositing ITO thin films on substrates, known for its ability to create high-quality, uniform, and pure films. The quality of films produced through this technique is influenced by various sputtering parameters, including substrate temperature, gas composition, chamber pressure, and sputtering rate.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report
Indium Tin Oxide Market 2023-2027: Market Dynamics:
Driver – The increasing usage of touchscreen devices is a key factor driving market growth.
Trend – Increased deposition of silver nanoparticles on ITO is a major trend in the market.
Challenge – Shortage in indium production is a significant challenge restricting market growth.
Detailed information on factors that will assist indium tin oxide market growth during the next five years
Forecasts on upcoming trends and changes in consumer behavior
The growth of the indium tin oxide market
Analysis of the competitive landscape and detailed information on companies
Comprehensive details of factors that will impede the growth of indium tin oxide market companies
FAQS
How do the major trends impact the market?
How big is the APAC market?
How do the key drivers and challenges impact the market?
Related Reports:
Indium Phosphide (InP) Wafers Market: The indium phosphide (InP) wafers market is projected to grow by USD 106.9 million with a CAGR of 13.57% during the forecast period 2021 to 2026.
Aluminum Flat-rolled Products (FRP) Market: The aluminum flat-rolled products (FRP) market is estimated to decline at a CAGR of 5.14% between 2022 and 2027. The size of the market is forecast to increase by USD 17.84 billion.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
The global market for Advanced Metering Infrastructure (AMI) estimated at US$8.3 Billion in the year 2022, is projected to reach a revised size of US$18.7 Billion by 2030, growing at a CAGR of 10.6% over the analysis period 2022-2030. Smart Gas Meters, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach US$3.3 Billion by the end of the analysis period. Growth in the Smart Water Meters segment is estimated at 11.8% CAGR for the next 8-year period.
Navigate the expansive world of Advanced Metering Infrastructure (AMI) with confidence. As we witness a digital transformation in our energy infrastructure, the AMI landscape is becoming increasingly nuanced and complex. This comprehensive report is crucial to understanding and capitalizing on the future growth potential in various AMI segments, projected to experience significant growth up to 2030.
Specifically, this report details the growth trajectories in Smart Gas Meters and Smart Water Meters segments, each predicted to follow a solid growth pathway. The report also provides special coverage on the factors driving global competitiveness and key competitor market shares. With the inclusion of online interactive peer-to-peer collaborative bespoke updates, digital archives, and research platform access, it offers an unparalleled and engaging overview of the AMI market. Making an informed decision has never been easier.
Select Competitors (Total 96 Featured)
Siemens AG
Toshiba Corporation
Schneider Electric SE
Silicon Laboratories, Inc.
Itron, Inc.
Trilliant Holdings, Inc.
Elster Group GmbH
Toshiba Transmission & Distribution Systems Asia Sdn. Bhd.
Networked Energy Services (NES) Corporation
Amplex Denmark
AusNet Services Group
CAS Tecnologia
Mueller Water Products, Inc.
Korea Electric Power Corporation (KEPCO)
Sanchuan Wisdom Technology Co., Ltd.
These companies play a significant role in the development, manufacturing, and deployment of advanced metering infrastructure solutions, contributing to the growth of the global AMI market. Please note that this is not an exhaustive list, as the market features many more players offering various products and services in this space.
What`s New?
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Advanced Metering Infrastructure (AMI) – Global Key Competitors Percentage Market Share in 2022 (E)
Why Now is the Time for Smart Meters in a World Where Energy is the Building Block for Socio Economic Development
As 2020 Draws to a Close, It Has Been a Year of Astounding Disruption & Unbelievable Transformation
COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
COVID-19 Induced Financial Crisis Aggravates an Already Large Global Infrastructure Spending Gap: Government Smart Meter Programs Weaken in 2020
U.S. Government Budget Deficits (In US$ Billion)
Cumulative Global Infrastructure Spending Gap 2018-2040 (In US$ Billion)
Among the Many Industries Derailed by the Pandemic Is the Energy Industry. Energy Infrastructure Investments Take a Direct Blow
% Change in Electricity Consumption April 2019 vs 2020
Tale: % Share of Energy Use Impacted by Lockdowns
Advanced Metering Infrastructure (AMI) Explained
Recent Market Activity
World Brands
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Post COVID-19 Market Outlook
While Year 2020 Will Remain an Anomaly, the World’s Energy Needs Will Continue to Rise
Supplying Cost-Effective, Reliable Electricity Will Always Be a Priority for Utilities, Making Smart Meters a Valuable Investment: Projected Global Demand for Electricity (MWh) for Years 2025, 2030 & 2035
Post COVID-19 Focus on the Environment Will Throw the Spotlight on the Eco-Friendly Benefits Offered by Smart Meters
Here’s Why the Environment & Sustainability Will be Top Priorities After the Pandemic
How Smart Meters Can Reduce the Carbon Footprint?
Persistent Power Quality Issues Drive the Importance of AMI in Outage Management Systems & Service Restoration
Average Number of Power Outages in Firms Per Month, Worldwide by Region: 2019
Cost of Load Failures Due to Power Disruptions/Outages in US$ Per Hour by Select Commercial Activity
Value Lost Due to Electrical Outages as a Percentage (%) of Sales of Affected Firms
Energy Theft Losses Reinforces the Need for Efficient AMI
Rise of Smart Cities & Smart Grids Are Two Key Trends With the Potential to Drive Revenues Opportunities for AMI
COVID-19 Highlights the Value of Smart Cities During Times of Crisis
Global Smart Cities Opportunity (In US$ Billion) for Years 2021, 2024, 2027
Smart Grid: A Critical Part of Energy Infrastructure in Smart Cities & a Revenue Source for AMI
Global Smart Grid Market Opportunity (In US$ Billion) for Years 2021, 2023 & 2024
Growing Global Interest in Demand Response (DR) Drives Focus on AMI As a Key Enabler
Big Data & Data Analytics Imperative for Finding Value in Advanced Metering Infrastructure
COVID-19 Accelerates Digital Transformation & Kick-Starts Utilities’ Digital Efforts into High Gear
COVID-19 Has Created an Environment Where Digital Transformation Equals Survival: Global Digital Transformation Spending (In US$ Billion) for Years 2017 Through 2023
A Deeper Analysis of How AMI Meter Data Will Benefit From the Power of Big Data and Data Analytics
IoT, Blockchain & AI Play Key Roles in Advancing the Efficiency of AMI
Growing Prominence of IoT in Energy Industry Highlights the Potential for IoT-Based AMI Solutions: Global IoT in Energy Market (In US$ Billion) for the Years 2019, 2021, 2023, 2025 & 2026
Cloud Computing Transforms Smart Metering Market
Increasing Integration of Cellular Technology in Smart Meters
Impact of 5G Connectivity on AMI
5G’s Contribution to Global GDP (In US$ Trillion) for Years 2020, 2025 & 2030
Growing Focus On Water Management Efficiency Against the Backdrop of Worsening Water Shortages Benefits Adoption of Smart Water Meters
What Barriers Impact Successful Deployment of AMI?
About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact: Research and Markets Laura Wood, Senior Manager [email protected]
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
RYE BROOK, N.Y. and NEW ROCHELLE, N.Y., Sept. 26, 2023 /PRNewswire/ — Daiso, the renowned global retail chain offering a wide range of affordable and unique products, is thrilled to announce the grand opening of two stores on the east coast on October 7th. “We are thrilled to open our stores in Rye Brook and New Rochelle,” said Jack Williams, Chief Retail Operations Officer for Daiso USA. “This achievement reflects the dedication and support of our customers who have embraced Daiso’s unique concept and diverse product range. We are excited to provide an exceptional shopping experience to these vibrant communities and look forward to serving our customers with the utmost care and dedication.”
The new east coast Daiso stores promise to be a haven for shoppers seeking quality merchandise at affordable prices. With its extensive range of products spanning various categories, including Japanese inspired home decor, stationery, food, and more, Daiso has become synonymous with accessible and innovative offerings. John Clarke, Chief Development Officer for Daiso USA says, “New York based Daiso customers have shown us through our online business and social media their desire for us to have more stores within the state, influencing our immediate growth strategy in this region. We currently operate 105 units in 7 states with more states opening in 2024″.
On both Saturday, October 7th and Sunday, October 8th, the first 100 customers to shop at the Rye Ridge Shopping Center and Shoprite Plaza location, making a minimum purchase of $30 will receive an exclusive tote bag and plushie. These special offerings are Daiso’s way of expressing gratitude to its loyal customers and welcoming new shoppers to the Daiso community.
Daiso invites customers to join in the celebration! Both the Rye Ridge Shopping Center and Shoprite Plaza Daisos will be open everyday from 10 a.m to 8 p.m.
About Daiso: Daiso is a global retail chain founded in Japan, known for its vast array of unique and affordable products across various categories such as household goods, stationery, beauty, and more. Daiso entered the US market in 2005 and continues to expand its global footprint while maintaining its commitment to quality, innovation, and customer satisfaction. The Daiso US headquarters is located in La Mirada, CA.
