Smart Meter Chip Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Smart meter chip is a chip that enables the meter to be used for energy billing, power metering and timing, as well as communication with a host computer and electricity management, through the use of communication technology and computer technology.
Highlights
The global Smart Meter Chip market is projected to reach US$ million by 2028 from an estimated US$ million in 2022, at a CAGR of % during 2023 and 2028.

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North American market for Smart Meter Chip is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
Asia-Pacific market for Smart Meter Chip is estimated to increase from $ million in 2022 to reach $ million by 2028, at a CAGR of % during the forecast period of 2022 through 2028.
The major global companies of Smart Meter Chip include STMicroelectronics, Analog Devices, Texas Instruments, Renesas Electronics, NXP Semiconductors, Oki Electric Industry, Microchip Technology (Atmel), Arch Meter Corporation and Cirrus Logic, etc. In 2021, the world's top three vendors accounted for approximately % of the revenue.
The global market for Smart Meter Chip in Industrial is estimated to increase from $ million in 2022 to $ million by 2028, at a CAGR of % during the forecast period of 2022 through 2028.
Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, Power Metering Chip, which accounted for % of the global market of Smart Meter Chip in 2021, is expected to reach million US$ by 2028, growing at a revised CAGR of % from 2022 to 2028.

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Some of the prominent players
• STMicroelectronics
• Analog Devices
• Texas Instruments
• Renesas Electronics
• NXP Semiconductors
• Oki Electric Industry
• Microchip Technology (Atmel)
• Arch Meter Corporation
• Cirrus Logic
• Labat Africa Ltd. (South African Micro-Electronic Systems)
• CHIPSEA
• Shanghai Belling Corp
• Hi-trend Technology (Shanghai)
• Shanghai Fudan Microelect
• Hiliwi
• Solidic
Product Type Insights
Global markets are presented by Smart Meter Chip type, along with growth forecasts through 2028. Estimates on production and value are based on the price in the supply chain at which the Smart Meter Chip are procured by the manufacturers.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and during the historical period (2017-2022) and forecast period (2023-2028).
Smart Meter Chip segment by Type
• Power Metering Chip
• Smart Meter MCU
• Carrier Communication Chips
• Others
Application Insights
This report has provided the market size (production and revenue data) by application, during the historical period (2017-2022) and forecast period (2023-2028).
This report also outlines the market trends of each segment and consumer behaviors impacting the Smart Meter Chip market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Smart Meter Chip market.
Smart Meter Chip segment by Application
• Industrial
• Residential
• Commercial
• Others

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