Middle East & Africa Smart Meter Market Outlook is expected to grow at a CAGR of 10.86% during the forecast period
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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
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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
Owning our reports will help you solve the following issues:
1. What is the market size and forecast of Middle East & Africa Smart Meter Market?
Our research and insights help our clients to foresee upcoming market size and forecast.
2. What are the inhibiting factors and impact of COVID-19 shaping Middle East & Africa Smart Meter Market during the forecast period?
Our research and analysis help our clients to see how COVID-19 has impacted the industry. This allows our clients to invest or divest their resources.
3. Which region outstands in the Middle East & Africa Smart Meter Market?
Our research helps our clients to see which the dominating region in the market is, with supporting trends and developments.
4. Which are the segments to invest in over the forecast period in the Middle East & Africa Smart Meter Market?
Our research report allows the company/ investor to identify the most promising product segment, which is to have more potential in the coming years.
5. What is the competitive strategic window for opportunities in Middle East & Africa Smart Meter Market?
Through an intensive primary study, we have identified the trends and development that can be expected in the forecasted period, along with the change in the preference of the consumers.
6. What are the technology trends and regulatory frameworks in Middle East & Africa Smart Meter Market?
Our research report covers, the laws, rules and regulations and other mandatory legal procedures the marketers needs to abide by.
7. What are the major companies in the Middle East & Africa Smart Meter Market?
Our market research report covers the detailed profiling of the leading companies in the industry, and also a brief discussion about the smaller emerging brands.
Table of Contents Covered In This Middle East & Africa Smart Meter Market:
Table of Contents
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Smart Meter Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Type
5.2.5. By End User
5.2.6. By Communication Type
5.2.7. By Phase
5.2.8. By Technology
5.2.9. By Component
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