Smart Meters Market was worth USD 21.79 billion in 2020 and is poised to accumulate a valuation of USD 54.34 billion by 2030, thereby amplifying at a CAGR of 10.10% over the forecast period of 2022-2030.
The term “smart packaging” refers to a kind of product wrapping that incorporates sensor technology and is utilised for food, pharmaceuticals, and a variety of other products. The general phrase refers to packaging that utilises technology to provide increased functionality. Sensors are included in the smart packaging to assess the product’s quality or freshness. The purpose of smart packaging technology is often to extend the product’s shelf life.
Modern packaging systems were unthinkable for the traditional packaging industry. New packaging techniques are constantly being created in the consumer packaging industry, which is largely driven by demand. Despite the fact that the business is demand-driven, technological advancement continues to play a significant role in determining the path of the sector, resulting in innovations like smart packaging. Since a decade ago, packaging has included smart packaging. The capability of smart packaging, also referred to as interactive packaging or intelligent packaging, is expanded.
As the name implies, smart packaging offers additional functionalities to protect consumer goods during transportation beyond those offered by the standard system. It involves a variety of packaging techniques designed to accomplish goals beyond simple packing. Customers and businesses who make items benefit from this.
Smart metres are internet-connected metres that report on utility consumption such as water, electricity, and gas on a regular basis. This eliminates the need for someone to manually read the measured data from traditional metres. Cap Gemini has identified smart metering as a high-potential use case, implying that it offers significant benefits with a short payback period.
Global Smart Meters Market: Segmentations
Major Key Players
- Aichi Tokei Denki
- Apator SA
- Arad Group
- Azbil Kimmon Co. Ltd
- Badger Meter Inc.
- Diehl Stiftung & Co. KG.
- Elster Group GmbH
- EM, Apator SA
- General Electric Company
- Hexing Electric Company Ltd
- Holley Technology Ltd
- Itron
- Jiangsu Linyang Energy Co. Ltd
- Kamstrup AS]
- Landis+ GYR Group AG
- Landis+Gyr
- Mueller Systems LLC
- Nanjing Xinlian Electronics Co. Ltd
- Neptune Technology Group Inc.
- Schneider Electric
- Sensus
- Siemens
- Wasion Group
By Type:
- Electric
- Gas
- Water
By Communication Type:
- Radio Frequency (RF)
- Programmable Logic Controller (PLC)
- Cellular
By Component:
- Software
- Hardware
By Technology:
- AMI (Advanced Metering Infrastructure)
- AMR (Automatic Meter Reading)
By End-Use:
- Residential
- Industrial
- Commercial
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Table of Contents
- Market Introduction and Market Overview
- Market – Executive Summary
- Market Trends, Outlook, and Factors Analysis
- Market: Estimates & Historic Trend Analysis (2018 to 2021)
- Market Estimates & Forecast Trend Analysis, by Deployment
- Global Smart Meters Market Estimates & Forecast Trend Analysis, by Component
- Global Smart Meters Market Estimates & Forecast Trend Analysis, by Content Type
- Global Smart Meters Market Estimates & Forecast Trend Analysis, by End Use
- Global Smart Meters Market Analysis and Forecast, by Region
- North America Smart Meters Market: Estimates & Forecast Trend Analysis
- Europe Smart Meters Market: Estimates & Forecast Trend Analysis
- Asia Pacific Smart Meters Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Smart Meters Market: Estimates & Forecast Trend Analysis
- Latin America Smart Meters Market: Estimates & Forecast Trend Analysis
- Competitive Landscape
- Company Profiles
- Assumptions and Research Methodology
- Conclusions and Recommendations
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