Blockchain Press Releases
Smart Electric Meter Market size worth $ 12.80 Billion, Globally, by 2028 at 4% CAGR: Verified Market Research®
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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A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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