Smart Meter Wireless Module Market
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Smart Meter Wireless Module Market Size and Growth
The Smart Meter Wireless Module market is experiencing significant growth, driven by increasing adoption of smart grid technologies and demand for energy efficiency. Valued at approximately $1.2 billion in 2023, it is projected to expand at a CAGR of 12% through 2030, reflecting the rising need for advanced metering infrastructure.
Companies Covered
(Covid 19 Impact Covered)
◍ Sierra Wireless
◍ Gemalto (Thales Group)
◍ Quectel
◍ Telit
◍ Huawei
◍ Sunsea Group
◍ LG Innotek
◍ U-blox
◍ Fibocom wireless Inc.
◍ Neoway
◍ Laird Connectivity
◍ LoRa Alliance
The Smart Meter Wireless Module Market features key players like Sierra Wireless, Gemalto (Thales Group), Quectel, and Huawei, providing robust connectivity solutions that enhance smart meter functionality. Companies drive growth through innovative technologies that enable data communication and energy management. Notable sales revenues include:
- Sierra Wireless: $319 million
- Quectel: $500 million
- Telit: $145 million
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Market Segmentation
By Application
Smart Gas Meter
Smart Water Meter
Smart Electricity Meter
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By Product
Market Growth
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$ X Billion USD
