Global Industrial Smart Meters market is expected to reach 104.79 million USD by the end of 2022
The global Industrial Smart Meters market is valued at 26.97 million USD in 2016 and is expected to reach 104.79 million USD by the end of 2022, growing at a CAGR of 25.39
The global Industrial Smart Meters market is valued at 26.97 million USD in 2016 and is expected to reach 104.79 million USD by the end of 2022, growing at a CAGR of 25.39
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QYResearch<br />
• The impact on <strong>the</strong> cost and availability <strong>of</strong> raw materials and certain<br />
components <strong>is</strong> uncertain due <strong>to</strong> potential supply changes. The costs <strong>of</strong> raw<br />
materials have a significant impact on <strong>the</strong> level <strong>of</strong> expenses. If <strong>the</strong> prices<br />
<strong>of</strong> raw materials and related fac<strong>to</strong>rs such as energy prices increase, and if<br />
new companies cannot pass those price increases on <strong>to</strong> cus<strong>to</strong>mers, <strong>the</strong>ir<br />
results <strong>of</strong> operations and financial condition would suffer.<br />
• With emerging economies growing faster, a strategy has been adopted <strong>by</strong><br />
most leading v<strong>end</strong>ors in <strong>the</strong> <strong>Industrial</strong> <strong>Smart</strong> <strong>Meters</strong> <strong>market</strong> <strong>to</strong> approach<br />
<strong>the</strong>se areas. QYR analys<strong>is</strong> <strong>of</strong> <strong>the</strong> <strong>Industrial</strong> <strong>Smart</strong> <strong>Meters</strong> <strong>market</strong><br />
indicated that China would account for <strong>the</strong> highest sales in <strong>2022</strong> with close<br />
<strong>to</strong> 76 percent <strong>of</strong> global sales coming from th<strong>is</strong> region, and Asia has <strong>the</strong><br />
highest growth rate. V<strong>end</strong>ors recognize <strong>the</strong> importance <strong>of</strong> th<strong>is</strong> region,<br />
particularly in China, and are working <strong>to</strong>wards penetrating th<strong>is</strong> <strong>market</strong> <strong>by</strong><br />
streng<strong>the</strong>ning <strong>the</strong>ir sales and d<strong>is</strong>tribution networks.<br />
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