MarkNtel Advisors recently published a report, titled, ” 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). As per as the report 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.
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Possible Restraint: High Upfront Cost Associated with Installations & Maintenance to Hinder the Market
The lofty upfront cost associated with the installation & maintenance of smart utility meters is the most prominent aspect to act as a barrier to the market. The requirement for specialized tools & knowledgeable labor during the installation procedure is one of the major causes of the high cost of these systems. Unlike conventional meters, these meters require a more involved installation procedure that includes the setup of networking & wiring devices as well as software & hardware parts.
Hence, this necessitates the knowledge of highly qualified staff, who frequently demand higher compensation, raising the installation’s overall cost. Large amounts of data produced by smart meters require the deployment of complex hardware & software components to analyze the patterns & trends. Therefore, customers may choose to continue using their conventional meters, which might impede market growth.
Leading Companies in UAE Smart Utility Meters Market:
Landis+Gyr, Honeywell International, Inc., Elster, Siemens, Iskraemeco, Kamstrup, Itron, Schneider Electric, Aclara Technologies LLC, Sensus, Others.
UAE Smart Utility Meters Market Segmentation:
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
Get Full Access Of UAE Smart Utility Meters Market Report : https://www.marknteladvisors.com/research-library/uae-smart-utility-meters-market.html
By Region
-Dubai
-Abu Dhabi & Al Ain
-Sharjah and Northern Emirates.
Key questions answered in the UAE Smart Utility Meters Market are:
•What is UAE Smart Utility Meters Market?
•What was the market size in 2023?
•What is the growth rate of the UAE Smart Utility Meters Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the UAE Smart Utility Meters Market?
•What segments are covered in the Market?
•Who are the key players in the UAE Smart Utility Meters Market?
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