Blockchain Press Releases

Smart Electric Meter Market size worth $ 12.80 Billion, Globally, by 2028 at 4% CAGR: Verified Market Research®

Published

1 year ago

July 25, 2023

The “Global Smart Electric Meter Market Size By Phase, By Communication Technology Type, By End-User, By Geographic Scope And Forecast” report has been published by Verified Market Research^®. The report provides an in-depth analysis of the global Smart Electric Meter Market, including its growth prospects, market trends, and market challenges.

JERSEY CITY, N.J., July 25, 2023 /PRNewswire/ — The Global Smart Electric Meter Market is projected to grow at a CAGR of 4% from 2021 to 2028, according to a new report published by Verified Market Research^®. The report reveals that the market was valued at USD 9.38 Billion in 2020 and is expected to reach USD 12.80 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=35432

Browse in-depth TOC on “Smart Electric Meter Market“

202 – Pages
126 – Tables
37 – Figures

Empowering Energy Efficiency: An In-Depth Analysis of Driving Factors and Constraints in the Global Smart Electric Meter Market

Smart electricity meters have revolutionized the way electricity consumption is monitored, providing real-time usage statistics to electricity suppliers and empowering consumers with precise data on their energy utilization. These meters eliminate the need for manual readings by electric companies and allow customers to select suitable tariff plans based on their energy consumption. This report explores the factors driving the growth of the Global Smart Electric Meter Market and identifies potential constraints and opportunities within the industry.

Market Drivers:

Growing Demand for Effective Data Monitoring Systems: The Global Smart Electric Meter Market is witnessing substantial growth due to the increasing demand for efficient data monitoring solutions. Smart meters provide real-time electricity consumption data every 1 hour or less, addressing the need for accurate and up-to-date information. Government incentives in various regions further stimulate the adoption of smart meters, fostering market growth.
Cost Savings and Error Elimination: The utilization of smart electric meters leads to significant cost savings for electricity supply companies. By removing the manual reading process, smart meters eliminate potential errors and reduce operational expenses. This cost-effectiveness is a major driver propelling the adoption of smart meters in the market.
Rising Importance of Renewable Energy: The global emphasis on renewable energy sources has necessitated the precise measurement of energy production from remote sites. Smart meters play a crucial role in accurately calculating energy generation from renewable sources, driving their demand in the market.

Market Constraints:

High Initial Setup Costs: One of the primary challenges hindering the growth of the Global Smart Electric Meter Market is the high initial cost required for implementing smart meters. The substantial number of customers served by electricity supply companies necessitates significant investments, making the adoption of smart meters financially challenging for some providers.
Resistance to New Technology: In regions where people are resistant to accepting new technology, the adoption of smart electric meters may face challenges. This reluctance can be attributed to concerns about unfamiliar technology and potential disruptions during the transition.
Poor Network Connectivity: In areas with inadequate network connectivity, smart electric meters may face improper functioning, impacting data transmission and accuracy. This limitation restricts the widespread adoption of smart meters in certain regions.

Market Opportunities:

Growing Demand in Emerging Countries: Rapid urbanization in emerging countries has driven the demand for smart and cost-efficient grids. With increasing installations in institutes and residences, the Global Smart Electric Meter Market is expected to witness significant growth in emerging regions.

Key Players:

The “Global Smart Electric Meter Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Landis+Gyr (Toshiba Corporation), Wasion Group Holdings, Schneider Electric, Honeywell International Inc., Itron Inc., Jiangsu Linyang Energy Co., Ltd, Siemens, Microchip Technology, Aclara, and Iskraemeco.

The Global Smart Electric Meter Market is driven by the need for better data monitoring systems, cost savings, and the growing importance of renewable energy. Despite constraints like high setup costs, resistance to new technology, and poor network connectivity, the market is poised for growth, particularly in Asia-Pacific due to countries like China and India. The COVID-19 pandemic introduced challenges but also presented opportunities for smart electric meters, which are expected to shape the market’s future.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Smart Electric Meter Market, please Contact Verified Market Research^®.

Based on the research, Verified Market Research^® has segmented the global Smart Electric Meter Market into Phase, Communication Technology Type, End-User, And Geography.

Smart Electric Meter Market, by Phase

Single Phase
Three Phase

Smart Electric Meter Market, by Communication Technology Type

Power Line Communication
Radio Frequency
Cellular

Smart Electric Meter Market, by End-User

Residential
Commercial
Industrial

Smart Electric Meter Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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Visualize Smart Electric Meter Market using Verified Market Intelligence -:

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Blockchain Press Releases

TermMax Testnet Now Live on Arbitrum and Ethereum: Transforming the Future of DeFi Yields

Published

19 minutes ago

January 10, 2025

CISION (PR Newswire)

HONG KONG, Jan. 10, 2025 /PRNewswire/ — Term Structure Labs team is thrilled to announce the launch of TermMax on the Arbitrum and Ethereum testnet, a DeFi protocol that simplifies leveraged yield strategies by offering fixed income debt & earn products with integrated leverage functions to enhance cost and time efficiency for all types of users. With the mainnet launch on Ethereum and Arbitrum scheduled for Q1 2025, TermMax offers a preview on Testnet showing how it will revolutionize fixed-income strategies in DeFi.

Experience the Future of DeFi Fixed-Income Strategies

TermMax redefines leveraged yield strategies with intuitive and accessible solutions designed to meet users’ needs. With one-click leverage, users can seamlessly open leveraged positions in Pendle’s PT tokens at fixed rates and fixed terms through a streamlined process that automates looping and reduces transaction costs. Moreover, TermMax enables users to collateralize their assets and acquire debts at fixed rates. These acquired funds can then be reinvested into yield opportunities across the DeFi ecosystem. By integrating debt and earn functions and using a customizable Uniswap v3 AMM model, TermMax empowers market makers to design their own AMM based range orders and users to leverage 5x or more and capitalize on interest rate differentials to capture higher returns. Whether aiming for predictable returns, leveraging yield-bearing assets, or exploring strategies like interest rate trading, TermMax makes optimizing investment returns simple and effective.

Explore the TermMax Testnet on Arbitrum and Ethereum

The TermMax testnet is now live on Arbitrum and Ethereum, giving users a risk-free opportunity to experience its innovative features. To get started, simply claim testnet tokens from our faucet and experiment with creating debt, earning fixed rates and leveraging yield-bearing tokens.

Exciting Upcoming Features on the Horizon

The current testnet release brings powerful features for users. With one-click leverage, users can create debt at fixed rates and gain exposure to target tokens. Creating debt and earn position at fixed rates are now available, along with opportunities to provide liquidity and earn yields and fees. Upcoming enhancements include customizable AMM for any market maker to place range orders for fixed rate debt and / or earn. The TermMax Vault will also launch, enabling Liquidity Providers to deposit funds to any Curator’s Vault to earn continuous yields and incentives across multiple markets with ease.

For more information on how TermMax is reshaping the future of DeFi fixed-income markets, visit the official website and follow us on X.

View original content:https://www.prnewswire.co.uk/news-releases/termmax-testnet-now-live-on-arbitrum-and-ethereum-transforming-the-future-of-defi-yields-302346949.html

Blockchain Press Releases

Canaan Introduces Revolutionary Bitcoin Mining Heaters for Home and Personal Use in CES 2025

Published

2 days ago

January 8, 2025

CISION (PR Newswire)

canaan-introduces-revolutionary-bitcoin-mining-heaters-for-home-and-personal-use-in-ces-2025

LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — Canaan INC (NASDAQ: CAN), a leading blockchain hardware manufacturer, today announced the launch of the Avalon Mini 3 and Nano 3S in Las Vegas, CES. The two innovative Bitcoin mining devices are designed to democratize cryptocurrency mining for individuals and turning a home heating system into a crypto mining device.

Product Innovation

Canaan is redefining home cryptocurrency mining with two groundbreaking devices. The Avalon Mini 3, with a Hashrate of 37.5Th/s, offers a unique dual-purpose solution, combining efficient Bitcoin mining with home heating. The app-controlled operation and sleek, quiet design, provides a remarkably easy-to-use, energy-efficient solution for mining newcomers and enthusiasts.

The Avalon Nano 3S, which is upgraded from the widely-welcomed Avalon Nano 3, with a Hashrate of 6Th/s, complements this offering as an affordable, beginner-friendly Bitcoin mining device. Its compact and portable design alongside its low power consumption makes it ideal for individual users while supporting the broader goal of Bitcoin network decentralization.

Reimagining Technology Efficiency

The Avalon Mini 3 can simultaneously mine Bitcoin and warm living spaces, offering homeowners a unique way to offset energy costs and reduce environmental impact. This device gives users innovative access to heat recycling, turning the computational work of Bitcoin mining into a dual-purpose solution that provides both digital currency and home comfort.

“We are committed to making Bitcoin mining accessible to everyone,” said NG Zhang, CEO and founder of Canaan. “The Avalon Mini 3 and Avalon 3S represent our vision of user-friendly, practical mining solutions for the modern individual. We’re reimagining how technology can create value while minimizing environmental waste. The Avalon Mini 3’s ability to generate cryptocurrency while heating your home is a perfect example of our vision for sustainable, multi-purpose technology.”

Availability

Preorder Now at https://canaan.io/avalonhome

During the preorder period till the end of February 2025, the price for Avalon Nano 3S is USD249 and Avalon Mini 3 is USD899 while supplies last.

About Canaan Inc.

Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name Avalon.

Website: canaan.io
Media Contact: [email protected]
Telegram Group Official: https://t.me/Canaanio
X.com: https://x.com/canaanio

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Blockchain Press Releases

Bybit Joins AI Coin Revolution with AI16Z Listing

Published

2 days ago

January 7, 2025

CISION (PR Newswire)

bybit-joins-ai-coin-revolution-with-ai16z-listing

DUBAI, UAE, Jan. 7, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has added the trending Solana-based AI token, AI16Z, to Bybit Spot on Jan. 6, 2025. The official listing came on the heels of AI16Z’s success on ByVotes, and was followed by a 24-hour gain of 47% after listing on Bybit.

AI16Z was the first ByVotes project to have garnered vast community support for Spot Listing on Bybit in 2025. Since the revamp of the platform, ByVotes has attracted a wave of quality projects from the niche to the high profile. Under the new mechanisms, the Bybit community now has a direct impact on choosing projects for listing on the exchange by casting their votes of confidence via ByVotes. A number of fan favorites made their mark on ByVotes in the past year, including AI-themed LUNAI with a record number of 512 million votes, and other iconic memecoins such as CHILLGUY, LUCE, NEIROCTO, and HPOS10I.

Users may still unlock exclusive rewards trading AI16Z on Bybit Spot in two events: Token Splash and Puzzle Hunt, each with a 50,000 AI16Z prize pool. The token attracted over 72,000 Bybit users in the pre-listing round of community votes on ByVotes, and received some 300,000,000 votes in the two-day voting period.

AI16Z on Bybit Spot

Bybit users have the opportunities to get more out of their AI16Z trades on Bybit:

AI16Z Token Splash: the newly listed token comes with a 50,000 AI16Z prize pool for both new and seasoned traders. From now to Jan. 20, 2025, the first 3,500 eligible new users to successfully complete two simple tasks will receive 10 AI16Z each. In addition, existing users stand to earn up to 1,000 AI16Z by trading the token.
AI16Z Puzzle Hunt: A new puzzle hunt for 50,000 AI16Z has kicked off on Bybit. From now to Jan. 21, Bybit users may earn or exchange puzzle pieces for a chance to win from the lucky draw, and the luckiest first 200 users to complete the entire puzzle will get to claim 50 AI16Z.

Registration is required for both events, terms and conditions apply. AI16Z are also available for trades via Bybit Spot Grid Bots.

Since Dec. 25, 2024, the native token of the world’s first investment DAO led by AI agents has doubled in market cap after the listing, well past the $2 billion mark as of this week. Leading the way as blockchain’s decentralized answer to traditional VC, the DAO fuses AI’s advanced power with crypto’s meme culture to raise the bar for intelligent decentralized governance. Powered by the Eliza Framework, the face of the ai16z is AI Marc who is a brainchild of Marc Andreessen.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

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