UAE Smart Utility Meters Market Industry Analysis, Future Demand Projections, and Forecasts Until 2028

According to the latest market research report title “UAE Smart Utility Meters Market By Type (Electric Meter, Water Meter, Gas Meter) By Technology (Advanced Metering Infrastructure, Automatic Meter Reading, By Communication Radio Frequency, Power Line Communication, Cellular Network) By End User (Residential, Commercial, Industrial, Government and Transportation) By Region (Dubai, Abu Dhabi & Al Ain, Sharjah and Northern Emirates)--Forecast to 2028″, published by MarkNtel Advisors, The UAE Smart Utility Meters market is projected to grow at a CAGR of around 4.5% during the forecast period, i.e., 2023-28.

The data present in the report exhibit from the historic years (2018-21) and the base year (2022) to put together estimations for the forecast period (2023-28). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Growth Opportunity: Upcoming Smart Projects to Fuel the Adoption

The growth of smart infrastructure in recent years has spread around the globe, thereby creating newer growth opportunities for the market. The requirement for precise & current data has grown substantially as the world is rapidly shifting toward digitization. Smart utility meters are an important part of this digitization system as they give customers exact real-time data on their electricity consumption, which is cost-effective.

Additionally, the growing smart projects in lieu of the expanding urbanization is one of the main reasons that has forced the market for smart utility meters to improve the energy effectiveness of cities & encourage sustainable growth in the UAE. These smart programs include the development of smart grids, advanced transportation networks, and intelligent buildings, all of which significantly rely on these meters to monitor & control energy use. Therefore, the UAE's eyes on sustainability, its government initiatives, the increasing prevalence of smart homes & buildings, and its investment in smart infrastructure contribute to the growing adoption of smart utility meters in the country.

UAE Smart Utility Meters Market Segmentation

The UAE Smart Utility Meters Market is highly robust and fragmented into numerous segments;

By Type

-Electric Meter

-Water Meter

-Gas Meter

By Technology

-Advanced Metering Infrastructure

-Automatic Meter Reading

By Communication

-Radio Frequency

-Power Line Communication

-Cellular Network

By End User

-Residential

-Commercial

-Industrial

-Government and Transportation

By Region

-Dubai

-Abu Dhabi & Al Ain

-Sharjah and Northern Emirates

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Key Players Operating in the UAE Smart Utility Meters Market: -

-Landis+Gyr

-Honeywell International, Inc.

-Elster

-Siemens

-Iskraemeco

-Kamstrup

-Itron

-Schneider Electric

-Aclara Technologies LLC

-Sensus

-Others

Key Questions Answered:

What is the projected CAGR of the UAE Smart Utility Meters Market during the forecast period?
Which segment is expected to lead the UAE Smart Utility Meters Market?
Who are the prominent players driving market growth?

Key Offerings:

Market Share, Size, and Revenue Forecast
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.