Smart Electricity Meters Market: Players Resort To Product Innovation To Gain Competitive Advantage 2016 - 2024
The popularity of high-end smart electricity meters largely depends on advancements in smart city technologies. Development of smart cities has shifted up on the charter of priorities for regional and state planners. Furthermore, the need to ensure energy optimization and renewable resource utilization has created ripples across the energy sector. Use of smart electricity meters is also a subset of the digital transformation has offset across the globe. The tremendous benefits served by these meters, especially to residential users, has given a thrust to the sale of electricity meters. State planning authorities are developing robust channels for smart grid integration. This trend shall directly contribute towards driving sales across the global smart electricity meters industry. Use of smart meters helps end-users in reducing their electricity bill, while keeping a check on total electricity consumption. This factor, coupled with provision of subsidies on use of smar...