Middle East & Africa Smart Meter Market Outlook is expected to grow at a CAGR of 10.86% during the forecast period
The Industry insights of the report “Middle East & Africa Smart Meter Market Outlook, 2027” helps with the successful launch of a new product. This market report efficiently collects, analyzes, and evaluates information about a product or service to be offered for sale in that market. This market research report makes it easy to attain customer demographics which form the core of any business. This report studies Potential clients for the product or service and their characteristics, spending habits, location, and needs of its target market.
According to the report title “Middle east and South Africa Smart Meter Market Outlook, 2027”, published by Actual Market Research, the Smart Meter market is anticipated to grow at a CAGR of 10.86% during the forecast period. Markets in Saudi Arabia is more developed and expected to rapidly adapt smart meters during the forecast period. After successful adoption of smart electric meters by residential users across Saudi Arabia, the trend is now followed by adoption of smart water meters, to avoid wastage or overuse of water and ultimately save these scarce resources. AMR meters were rapidly replaced by the AMI technology meters at a CAGR of 13.80% during the historic period across Latin America region
Get Access to Report Sample @
https://www.actualmarketresearch.com/samplereport/220349946/middle-east-africa-smart-meter-market
UAE is the regional leader in smart city with Abu Dhabi and Dubai being the top ranked smart cities. These cities are the world’s top three model smart cities, with different public and private services for residents by using new technology to improve the quality of life. This includes energy, healthcare, security, mobility, economic development and housing. UAE ‘s ambitious 2050 targets of boosting energy efficiency by 40%, increased use of clean energy by 70% and reducing carbon dioxide emission by 50% to deploy smart grid and smart meters. Investing in innovation, smart technologies and digital operations has become one of the main utility focuses to fulfil energy transition. However, utilities in developed economies in Europe and North America have over the past decade intensified the implementation of smart grid programmes, lack of adequate funding and poor planning has restricted adoption in developing regions, including the Middle East. High nontechnical losses due to energy theft, the inability of utilities to stabilize energy supply and demand, as well as poor consumer energy efficiency have prevailed in the region
Impact of Covid-19 on Middle East & Africa Smart Meter Market:
COVID-19 pandemic has decelerated the growth of the smart meters due to the implement of lockdown in almost all the major countries and halt the non-essential operations. This adversely affected the smart meters owing to less focus on development of end user’s industry. Apart from this, manufacturing and supply chain delays were also witnessed which poised a challenge to the smart meters. Manpower that is required for initial layout of meters and installations carried out was also affected as movement of people was restricted.
Major Companies present in the market: Kamstrup A/S, Secure Meter Limited, Badger Meter Inc., KAMSTRUP A/S, Schneider Electric SE, Landis+Gyr, Itron Inc., Siemens AG, Xylem Inc. (Sensus), Honeywell International Limited (Smart Energy), Diehl Stiftung & Co. KG, Zenner International GmbH & Co. KG.,.
ASPECTS COVERED IN THE REPORT
• Middle East & South Africa Smart Meter market with its value and forecast along with its segments
• Country wise market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
REGIONS COVERED:
• UAE
• Saudi Arabia
• South Africa
To access the full report visit
[email protected] https://www.actualmarketresearch.com/product/middle-east-africa-smart-meter-market
Actual Market Research
India Bulls Mega Mall, Jetalpur Road, Vadodara
[email protected]
North America: +1 201 793 8545
Asia-Pacific: +91 7878231309
https://www.actualmarketresearch.com/
Actual Market Research is a distinctive and contemporary market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. We endeavor to provide appropriate solutions to complex business challenges and initiate an effortless decision-making process.
Middle East & Africa Smart Meter Market Outlook is expected to grow at a CAGR of 10.86% during the forecast period
The Industry insights of the report “Middle East & Africa Smart Meter Market Outlook, 2027” helps with the successful launch of a new product. This market report efficiently collects, analyzes, and evaluates information about a product or service to be offered for sale in that market. This market research report makes it easy to attain customer demographics which form the core of any business. This report studies Potential clients for the product or service and their characteristics, spending habits, location, and needs of its target market.
According to the report title “Middle east and South Africa Smart Meter Market Outlook, 2027”, published by Actual Market Research, the Smart Meter market is anticipated to grow at a CAGR of 10.86% during the forecast period. Markets in Saudi Arabia is more developed and expected to rapidly adapt smart meters during the forecast period. After successful adoption of smart electric meters by residential users across Saudi Arabia, the trend is now followed by adoption of smart water meters, to avoid wastage or overuse of water and ultimately save these scarce resources. AMR meters were rapidly replaced by the AMI technology meters at a CAGR of 13.80% during the historic period across Latin America region
Get Access to Report Sample @
https://www.actualmarketresearch.com/samplereport/220349946/middle-east-africa-smart-meter-market
UAE is the regional leader in smart city with Abu Dhabi and Dubai being the top ranked smart cities. These cities are the world’s top three model smart cities, with different public and private services for residents by using new technology to improve the quality of life. This includes energy, healthcare, security, mobility, economic development and housing. UAE ‘s ambitious 2050 targets of boosting energy efficiency by 40%, increased use of clean energy by 70% and reducing carbon dioxide emission by 50% to deploy smart grid and smart meters. Investing in innovation, smart technologies and digital operations has become one of the main utility focuses to fulfil energy transition. However, utilities in developed economies in Europe and North America have over the past decade intensified the implementation of smart grid programmes, lack of adequate funding and poor planning has restricted adoption in developing regions, including the Middle East. High nontechnical losses due to energy theft, the inability of utilities to stabilize energy supply and demand, as well as poor consumer energy efficiency have prevailed in the region
Impact of Covid-19 on Middle East & Africa Smart Meter Market:
COVID-19 pandemic has decelerated the growth of the smart meters due to the implement of lockdown in almost all the major countries and halt the non-essential operations. This adversely affected the smart meters owing to less focus on development of end user’s industry. Apart from this, manufacturing and supply chain delays were also witnessed which poised a challenge to the smart meters. Manpower that is required for initial layout of meters and installations carried out was also affected as movement of people was restricted.
Major Companies present in the market: Kamstrup A/S, Secure Meter Limited, Badger Meter Inc., KAMSTRUP A/S, Schneider Electric SE, Landis+Gyr, Itron Inc., Siemens AG, Xylem Inc. (Sensus), Honeywell International Limited (Smart Energy), Diehl Stiftung & Co. KG, Zenner International GmbH & Co. KG.,.
ASPECTS COVERED IN THE REPORT
• Middle East & South Africa Smart Meter market with its value and forecast along with its segments
• Country wise market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
REGIONS COVERED:
• UAE
• Saudi Arabia
• South Africa
To access the full report visit
[email protected]
https://www.actualmarketresearch.com/product/middle-east-africa-smart-meter-market
Actual Market Research
India Bulls Mega Mall, Jetalpur Road, Vadodara
[email protected]
North America: +1 201 793 8545
Asia-Pacific: +91 7878231309
https://www.actualmarketresearch.com/
Actual Market Research is a distinctive and contemporary market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. We endeavor to provide appropriate solutions to complex business challenges and initiate an effortless decision-making process.