#Smart Electric Meter Market Share

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Global Smart Electric Meter Market Share, Trends, Analysis, Report and Forecast 2023-2028

The smart electric meter is a critical component of the smart grid infrastructure since it can communicate with data collection points in both directions. As a result, the smart grid market would have an immediate impact on the smart electric meter market.

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Smart Electricity Meters Market - Forecast(2024 - 2030)

A power meter is an electric device that measures the amount of energy consumed for billing purposes. It also comes with monitors, so you can better understand your energy usage. The monitoring of the power quality helps to lower the energy costs and to prolong the machine's life. Smart metering is such a complete end to end solution which minimizes the several errors and helps in distributing Quality Power.

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The conditions/ environment of operation of power meters are not the same as it was a few decades ago owing to the dynamism of this market. Smart Electricity Meters Market is constantly evolving thus facilitating development of new technologies. Ever-changing technology combined with addition of new product lines are the major drivers for this industry. The traditional meter usually has a metal disc that rotates as power is consumed. The disc is actually part of an electric motor that rotates at a speed that is proportional to the product of the voltage and the current being supplied.

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Electronic Energy Meter is based on Digital Micro Technology (DMT) and uses no moving parts. So the EEM is known as “Static Energy Meter” In EEM the accurate functioning is controlled by a specially designed IC called ASIC (Application Specified Integrated Circuit). ASIC is constructed only for specific applications using Embedded System Technology. Similar ASICs are now used in Washing Machines, Air Conditioners, Automobiles, Digital Camera etc. Owing to benefits such as reducing energy consumption, more accurate, lower price as well as lower power consumption, power meters are being used across industry verticals. However, Oil and gas, chemical Industry, power generation and water treatment are key end use industries of the Global Smart Electricity Meters Market. Asia-Pacific is the leading market for Smart Electricity Meters with China leading the charge. Asia-Pacific region is forecast to have highest growth in the next few years due to growing adoption of power meter in industrial applications. Asia power metering accounts to XX% of the global market for Power Metering and is the fastest growing market followed by Americas. In Americas, Oil & Gas industry as well as Chemical industry is the major end users of Power Meter. North America and Asia together are estimated to occupy a share of more than XX% during 2018-2023.

[rjzimmerman]

Electricity That Costs Nothing—or Even Less? It’s Happening More and More. (Wall Street Journal)

Excerpt from this Wall Street Journal story:

Most people pay a fixed price for each kilowatt-hour of electricity they consume throughout the day. The price is set by their power company and only changes at infrequent intervals—once a week, a month or even only once a year.

Van Diesen, a software salesman, recently signed up to receive electricity from two providers that charge him the hourly price on the Dutch wholesale power market, rather than a fixed price that resets monthly or annually. When the price of electricity falls low enough, smart meters in his house begin charging his two electric cars.  

Wholesale prices swing wildly each hour of the day, and even more so as a larger share of electricity flows from wind and solar installations. Because the generation costs of wind or solar farms are negligible, market prices will be near zero when there is enough renewable power to cover most of a region’s electricity demand. 

Electricity market dynamics get weirder when renewable-energy producers don’t have an incentive to stop feeding power into the grid, usually because of government subsidies. Then grids can be flooded with excess power, pushing prices into negative territory.

Van Diesen said he’s made 30 euros, equivalent to around $34, over the past five months charging his car, enough to cover the service fee from his power supplier, a Norwegian company called Tibber.

“I’m charging the car for free,” said van Diesen, who is part of a group of clean-energy enthusiasts in the Netherlands who call themselves green nerds. “To me it’s also like a hobby and a game—how far can I go?”

Doing laundry in the evening? The electricity could be free a few hours later when demand dies down and the wind picks up. Likewise, in regions with lots of solar power, charging an electric vehicle in the morning is usually far more expensive than powering up under the midday sun—or whenever the price is right.

In the U.S., most states don’t currently allow such real-time pricing, but many think that will change. Already, in some of the world’s biggest economies from Western Europe to California, the occurrence of zero and negative wholesale power prices is growing fast.

Wholesale prices across continental Europe have fallen to zero or below in 6% of all hours this year, up sharply from 2.2% in 2023 and just 0.3% in 2022, according to data collected by Entso-E, the group of European transmission system operators. In markets with lots of renewable capacity, this year’s figure was higher: 8% in the Netherlands, 11% in Finland and 12% in Spain. Analysts expect those numbers will grow as more solar panels and wind turbines are installed.

The changes sweeping Europe’s electricity markets, which were accelerated by the energy crisis brought on by the war in Ukraine, show what could happen in the U.S. in a few years when renewable capacity reaches a similar scale. In 2023, 44% of EU electricity was generated by renewables, compared with 21% in the U.S.

[industrynewsupdates]

Future of Power Transformer Market: Innovations and Developments

The global power transformer market was valued at USD 22.83 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. This growth is primarily driven by the increasing demand for electricity in both emerging and developed countries, coupled with significant investments in infrastructure. As urbanization and industrialization continue to accelerate, the need for reliable and efficient power distribution systems is expected to fuel market growth. Additionally, the rising focus on modernizing the existing energy grid systems and improving energy efficiency will be key factors driving the demand for power transformers over the forecast period.

A major contributing factor to the market's expansion is the growing adoption of smart grid technology. The development of smart grids, which incorporate advanced technologies like smart meters and automated control systems, is creating a significant demand for more sophisticated power transformers. Smart meters, in particular, are integral to the efficient functioning of smart grids as they enable real-time monitoring and management of energy consumption. The widespread push for smart grid development, along with government initiatives to modernize power infrastructure, is expected to have a positive impact on the power transformer market over the next several years.

In addition to smart grids, the power transformer market will be further supported by the rising focus on renewable energy sources and the increasing need to develop transmission networks for remote and off-grid locations. The integration of non-traditional energy sources, such as wind, solar, and hydropower, into the power grid requires efficient power transformers that can manage variable power outputs and ensure reliable electricity distribution. 

Gather more insights about the market drivers, restrains and growth of the Power Transformer Market

Phase Insights

The power transformer market can be segmented based on phase type into two categories: single-phase and three-phase transformers. As of 2022, the three-phase transformer segment accounted for the largest share of the market, with a dominant market share of 62.2%. This segment is expected to grow at the fastest rate, with a projected CAGR of 7.2% by 2030.

Three-phase transformers are widely used in various industrial applications due to their high efficiency and ability to handle large power loads. They are commonly used in industries such as manufacturing, mining, petrochemicals, automation, and telecommunications, among others, for both power generation and distribution. These transformers are especially suited for industrial settings because they are more affordable, compact, and lightweight compared to other transformer types, especially when dealing with high power ratings.

In addition to being cost-effective, three-phase transformers offer several operational advantages. They are ideal for low-voltage distribution systems that experience high fluctuations in voltage. Their design allows for superior isolation, common-mode interference suppression, and they can be customized to meet specific end-user requirements. Furthermore, they are particularly effective in environments that require a stable and continuous power supply, making them indispensable for a wide range of applications, including precision machinery and automated systems.

Given their many advantages and the growing number of industries relying on them, three-phase transformers are expected to continue dominating the market and experience robust growth during the forecast period. Their versatile applications and increased adoption across multiple industrial sectors further underline their critical role in the development of power distribution systems worldwide.

Order a free sample PDF of the Power Transformer Market Intelligence Study, published by Grand View Research.

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Road Bikes Market Overview, Trends, and Future Prospects to 2030

The Road Bikes market is expected to grow from USD 24.49 Billion in 2024 to USD 30.36 Billion by 2030, at a CAGR of 2.30% during the forecast period.

The global road bikes market has grown substantially in recent years, fueled by a combination of technological advancements, shifting consumer preferences, and an increasing emphasis on sustainable and healthy lifestyles. Road bikes, specifically designed for speed, efficiency, and performance on paved surfaces, have become a favored choice for recreational riders, professional athletes, and urban commuters alike. The market’s growth trajectory is expected to remain robust, driven by evolving trends in transportation, fitness, and eco-consciousness.

One of the primary factors driving the road bikes market is the increasing adoption of cycling as both a recreational activity and a fitness regime. As global awareness about health and wellness continues to rise, more individuals are turning to cycling as a low-impact exercise that supports cardiovascular health and overall well-being. In addition to its fitness appeal, cycling has gained significant traction as an environmentally friendly alternative to motorized transportation, especially in urban areas struggling with congestion and pollution. Governments and municipal bodies worldwide are actively promoting cycling through infrastructure development, such as dedicated cycling lanes, bike-sharing programs, and tax incentives, further fueling the demand for road bikes.

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Top Key Market Players

Giant, Trek, Merida, Scott Sports, Accell Group, Fuji Bikes, Specialized, Dorel Industries, Cube, Grimaldi Industri, Derby Cycle, Hero Cycles, Look Cycle, Xidesheng Bicycle, Shanghai Phoenix, KHS, Trinx Bikes, Atlas Cycles, Laux Bike, Cannondale, Hero Cycles, LOOK

Market Segmentations

By Type: Aluminum Road Bike, Carbon Fiber Road Bike, Others

By Applications: Transportation Tools, Racing

The road bikes market has witnessed significant technological advancements, which have been instrumental in shaping consumer demand. Manufacturers are increasingly focusing on using lightweight materials such as carbon fiber and aluminum to enhance speed, agility, and durability. The introduction of advanced braking systems, including hydraulic disc brakes, has improved safety, even in challenging weather conditions. Additionally, aerodynamic designs and enhanced gear systems have made road bikes more efficient, appealing to competitive cyclists and performance-oriented consumers.

Smart technology integration is another emerging trend, with features such as GPS tracking, power meters, and real-time performance monitoring becoming increasingly popular. These innovations cater to the growing segment of tech-savvy riders who seek data-driven insights to optimize their cycling experience. Electric road bikes (e-road bikes) are also gaining traction, combining the efficiency of road bikes with the convenience of electric assistance, making them an attractive option for longer commutes and older riders.

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From a regional perspective, Europe dominates the road bikes market, benefiting from a deeply rooted cycling culture and strong government support for sustainable transport. Countries like the Netherlands, Germany, and France have established cycling as a way of life, with well-developed infrastructure and widespread participation in cycling events. North America follows as another significant market, driven by increasing recreational cycling and the growing popularity of endurance sports. In the Asia-Pacific region, the road bikes market is expanding rapidly, particularly in urbanized countries such as China, Japan, and India. Rising disposable incomes, growing health awareness, and increasing investments in cycling infrastructure are key factors driving growth in this region.

The e-commerce sector has emerged as a crucial distribution channel for road bikes, offering a wide variety of models and competitive pricing. Online platforms provide the added benefit of detailed product descriptions and customer reviews, making them a popular choice for tech-savvy consumers. However, physical stores remain indispensable, as they offer personalized services such as bike fitting and post-purchase maintenance, which are particularly valued by professional and serious cyclists.

In terms of market dynamics, competition among leading players in the road bikes market is intense. Key manufacturers are continually innovating to differentiate their offerings, focusing on both performance enhancements and aesthetic appeal. Strategic partnerships, sponsorship of professional cycling teams, and targeted marketing campaigns are some of the approaches being employed to strengthen brand presence and capture market share.

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The Digital Power Utility Market: Exploring Growth Opportunities and Technological Advancements - UnivDatos

The Digital Power Utility Market is expected to grow at a strong CAGR of 11.2% during the forecast period. It is mainly owing to the government programs and incentives to promote cleaner renewable and increasing consumption of electricity globally. Utilities can realize most of this potential by three means: smart meters & the smart grid, digital productivity tools for employees, and automation of back-office processes. All major energy suppliers have invested in online and especially mobile channels in recent years. While many of the efforts have yielded optimal results, some lag with respect to usability and the interface between the online and traditional sales channels.

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Power utility means any organization engaged in generating, transmitting, distributing, or furnishing electricity. The digital power utility solution helps the power distributor by providing a real-time solution to control the assets using the cloud and Internet of Things application. Renewables, distributed generation, and smart grids demand new capabilities and are triggering new business models and regulatory frameworks. digital economy are disrupting the industrial landscape, while governments and regulatory bodies seek to encourage smarter measuring systems and greener standards for generation and consumption.

Digital Utilities are showcasing trends such as Edge computing, Digital twins, Digital security, and Customer experience. The market for digital power utility market is showcasing major growth as most companies are shifting towards the digitalization of their services provided, and as technology develops, these systems are updated in order to replace obsolete services. For instance, Leakster is an Australian startup that has developed a new way to monitor the condition of pipelines without needing to shut off the water supply. The company’s ACTIVE sensor is fitted onto a pipe and sends data to the cloud, where Leakster’s software platform uses artificial intelligence-based algorithms to identify leaks, pressure variations, blockages, and velocity. This allows water utility companies to make informed asset management and maintenance decisions. Leakster’s technology has the potential to save water utilities millions of dollars by reducing the need for extensive and expensive repairs.

Based on Technology, The Digital Power Utility market is divided into Hardware and Integrated Solutions segments. The Hardware segment acquired a majority share in the Digital Power Utility market and is expected to showcase a substantial growth rate during the forecast period. As technology is being developed at a faster rate, the hardware capability is becoming obsolete faster. Companies have started replacing obsolete hardware faster when compared to a decade ago. Each new software update puts pressure on the hardware capability making it obsolete faster. Top companies must replace the old hardware as increasing competition is making it harder for top companies to continue using obsolete hardware systems. Moreover, the increasing demand for smart meters is a major contributor to the growing hardware segment. For instance, around 572.3 million smart electricity meters will be deployed in China, India, Japan, and South Korea between 2021 and 2025, with China accounting for the majority share of these smart meters.

Based on Network, the Digital Power Utility market is segmented into Generation, Transmission & Distribution, and Retail segments. The transmission & Distribution segment is expected to be the fastest-growing segment in the digital power utility market during the forecast period as most countries are developing, modifying, and upgrading their power grids to cope with future demand. Countries such as China and India are contributing heavily to the growth of the transmission & distribution segment during the forecast period due to massive investments by them to develop their electricity grid during the projected period. China is the largest transmission and distribution market globally during the forecast period due to its cost-effective smart meters manufacturing capability and plans to develop a high number of smart grid clusters.

APAC to witness extensive growth

For a better understanding of the market adoption of Digital Power Utility, the market is analyzed based on its worldwide presence in the countries such as North America (U.S.A, Canada, and the Rest of North America), Europe (Germany, Italy, United Kingdom, Netherlands, France, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, and Rest of Asia-Pacific) and Rest of World. APAC registered the highest market share in the Digital Power Utility market and is expected to witness an influential CAGR in the forecasted period. It is mainly owing to many Digital Power Utility projects taking place in China, India, Australia, South Korea, and Japan. Moreover, favorable government policies, regulations, and investments in achieving renewable energy targets set by various countries are driving the market. China has become the largest player in the digital power utility market due to massive investments from the State Grid in the North and China Southern Power Grid in the South. The Chinese government has set targets for the share of non-hydro renewables of up to 25.9% in 2030 and 36.0% in 2035, expanding its total installed capacity of wind and solar power to over 1 200 GW by 2030. Massive investments with high targets of power generation will act as a catalyst in the growth of the APAC Digital Power Utility Market during the forecast period.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Digital Power Utility market are ABB LTD, Schneider Electric SE, Microsoft Corporation, IBM, General Electric, SAP SE, Eaton Corporation, Capgemini, Oracle Corporation, and Siemens AG.

“Global Digital Power Utility Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

[marketsndata]

Japan Smart Meter Market Report 2030

Japan has witnessed notable progress in its smart meter industry. The Japan Smart Meter Market is projected to reach USD 1.97 billion by FY2031 from USD 1.01 billion in FY2023 with a CAGR of 8.73%. The demand for smart meters in Japan is driven by several factors contributing to their growth in the market. These advanced devices offer real-time monitoring of electricity consumption, empowering consumers to optimize energy usage and reduce costs. The Japanese government’s initiatives to improve energy efficiency and integrate renewable energy sources have further promoted the adoption of smart meters. Additionally, the need for a more resilient and reliable energy system, especially in the face of natural disasters, has emphasized the importance of smart meters in enhancing energy resilience. Utility companies have actively deployed smart meters to benefit from better grid management and meet sustainability goals, making smart meters a crucial component of Japan’s energy landscape and thereby contributing to the increase in the adoption of smart meters.

Utility companies in Japan are leveraging advanced technologies in smart meters to enhance energy efficiency, enable real-time monitoring, and empower consumers to make informed decisions about electricity usage, leading to a more sustainable and cost-effective energy landscape. The Kansai Electric Power Co., Inc. (KEPCO) has taken a pioneering role in smart meter adoption, integrating Fujitsu’s cutting-edge communications technology. With over two million operational smart meters, this implementation streamlines operations offers value-added services, and positions KEPCO as a trailblazer in smart meter technology adoption in the region.

Rise in Initiatives by the Japanese Government

The Japanese government has been actively promoting smart meter installations in Japan’s Smart Meter Market through various initiatives. These efforts aim to modernize energy infrastructure, enhance energy efficiency, and implement demand response strategies, fostering a more sustainable and technologically advanced energy landscape. For example, The Tokyo Waterworks Bureau is conducting extensive pilot projects to deploy smart meters in about 6,000 households, the highest number in the country, for result verification. These projects involve collaboration between electricity and water suppliers, who collect data from their respective meters using a shared meter reading system. The goal is to gather hourly reading data not only for billing purposes but also to enable future monitoring and visualization services.

The Advent of Highly Advanced Services

The Japan Smart Meter Market is experiencing a demand for highly advanced services due to the benefits they offer. These include real-time energy monitoring, seamless integration of renewable energy sources, smart grid capabilities, and improved efficiency. These advanced services empower consumers to manage their energy consumption effectively, contribute to sustainability efforts, and enhance the overall reliability and resilience of Japan’s energy distribution system. For example, In February 2023, Mitsubishi Motors Corporation (MMC) and Kaluza, an energy software platform, joined forces to introduce Japan’s inaugural telematics-based smart charging service, aimed at achieving a more balanced grid network. This innovative service seeks to enhance the affordability and value of Electric Vehicles (EVs) while promoting a decarbonized energy system. Leveraging Kaluza’s expertise in smart charging from prior global deployments, the technology enables EVs to charge during low-demand periods, optimizing cost and reducing environmental impact by utilizing cheaper and greener energy sources. This approach also helps address network balancing challenges, making EV adoption and integration more sustainable and efficient.

Government Regulations

Japan to install 80 million smart meters by 2025. The Japan Smart Meter Market is influenced by government regulations that aim to improve energy efficiency and promote sustainable practices. These regulations mandate the deployment of smart meters, encouraging real-time energy monitoring and integration of renewable energy sources. The government’s support through incentives and initiatives drives utility companies and consumers toward adopting smart meters. Compliance with these regulations enhances grid management, reduces energy consumption, and contributes to the country’s sustainable energy goals.

For example, as per the Smart Meter Installation Plan, aligned with Japan’s Ministry of Economy, Trade, and Industry (METI) 2014 directive to liberalize the electricity market, the country embarked on a unique smart meter initiative. Unlike other nations, Japan’s approach was top-down, with substantial government involvement in driving smart utility development and deployment. The 4th Strategic Energy Plan mandated the installation of smart meters in all households and businesses by the early 2020s. Consequently, major electric power companies acted on this government mandate, successfully implementing smart meter installations across the nation.

Impact of COVID-19

The COVID-19 pandemic had significant effects on the Japan smart meter market. Before the pandemic, the market was steadily expanding, driven by government initiatives and increasing consumer awareness of smart meters’ benefits. However, the outbreak disrupted the market’s growth, causing project delays due to restrictions and economic uncertainties. Installation and deployment of smart meters were hindered, and consumer spending on energy management solutions slowed down. In the present post-COVID situation, the market is gradually recovering as restrictions ease and economic activities resume. With a renewed focus on resilient and sustainable energy systems, the smart meter market is expected to rebound, supported by government incentives and growing recognition of the advantages of optimizing energy usage and promoting environmental sustainability.

Japan Smart Meter Market: Report Scope

Markets and Data has recently released a report titled “Japan Smart Meter Market Assessment FY2017-FY2031F“. This comprehensive report thoroughly examines the existing state of the smart meter market in Japan, analyzing its dynamics and identifying potential growth opportunities. Covering the period from FY2017 to FY2031, the report includes detailed future projections. Moreover, it delves into the strategies, market positions, and competitive intelligence of key industry players, offering valuable insights for stakeholders and decision-makers in the field.

Click here for full report- https://www.marketsandata.com/industry-reports/japan-smart-meter-market

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Power Transmission Transformer Market

Power Transformer Market Size, Share, Trends: ABB Ltd. Leads

Integration of Renewable Energy Driving Market Growth

Market Overview:

The global Power Transformer Market is expected to be worth USD 22.83 billion in 2023, with a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. Rising infrastructure investment and rising electricity consumption in developed and emerging economies are expected to be the primary drivers of market growth during the forecast period. Smart meters are a result of high demand and pro-smart grid projects, which should help the expansion of the power transformer business over the next few years. Moreover, several government initiatives are meant to modernize current power systems and install innovative power transformers to increase energy efficiency and lower losses.

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Market Trends:

Driven by technology developments, governmental initiatives, and mounting environmental concerns, the integration of renewable energy sources—especially wind and solar power—into worldwide electricity systems is fast accelerating. With forecasts showing that this percentage must increase to 57–78% by 2030 to keep a path to net-zero emissions, wind and solar power together accounted for 12% of worldwide electricity output in 2022. Significant investments in big projects like the Hornsea wind farm in the United Kingdom and the Noor Abu Dhabi Solar Plant in the United Arab Emirates as well as the development of new power transformer technologies able of managing variable renewable outputs support this trend.

Market Segmentation:

Three voltage levels define the market: low voltage transformers (for local distribution up to 1 kV), medium voltage transformers (for substation applications 1 kV to 69 kV), and high voltage transformers (for power transmission above 69 kV). Three types of cooling transformers are used: air-cooled transformers, which are fit for lower power applications; dry-type transformers, which are perfect for indoor use and have solid insulation; and oil-immersed transformers, which are generally used for high voltage and high power applications.

Market Key Players:

The power transformer market is highly competitive, with many prominent players vying for market supremacy through product innovation, strategic partnerships, and geographic growth. Key companies such as ABB Ltd., Siemens AG, General Electric, Schneider Electric, Mitsubishi Electric Corporation, Toshiba Corporation, Hitachi Ltd., Bharat Heavy Electricals Limited (BHEL), Hyundai Electric & Energy Systems Co., Ltd., and CG Power and Industrial Solutions Limited dominate the market.

Contact Us:

Name: Hari Krishna

Email us: hari.krishna@aurorawaveintellects.com

Website: https://aurorawaveintellects.com/

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Open Plots for Sale in Mumbai Highway Hyderabad – A Golden Opportunity

The demand for open plots in Mumbai Highway Hyderabad is skyrocketing due to the strategic location and immense growth potential of the area. With excellent connectivity, proximity to key landmarks, and a rapidly developing neighborhood, these plots are perfect for both residential and investment purposes. Owning open plots in Mumbai Highway Hyderabad provides a gateway to a promising future with excellent returns on investment.

Why Open Plots for Sale in Mumbai Highway Hyderabad Are in Demand

Investing in open plots for sale in Mumbai Highway Hyderabad offers unparalleled advantages. Located just 300 meters from the Mumbai Highway NH-65, these plots ensure easy accessibility to major destinations. Open plots for sale in Mumbai Highway Hyderabad are surrounded by vital infrastructure and renowned institutions, making them a smart choice for families and investors alike.

Location Benefits

The open plots in Mumbai Highway Hyderabad enjoy a prime location, providing excellent connectivity to important landmarks:

Adjacent to Woxsen University, a leading educational hub.

Just 3 minutes from Kamkole Toll Gate, ensuring smooth travel.

Only 10 minutes from MRF Sadashivpet, a key industrial zone.

15 minutes to the Proposed RRR at Peddapur, enhancing connectivity.

30 minutes to IIT Hyderabad at Kandi, a premier institution.

45 minutes to ORR Exit-3 at Muthangi, linking the area to Hyderabad's IT hubs.

These open plots for sale in Mumbai Highway Hyderabad are part of a flourishing community, surrounded by schools, colleges, hospitals, and residential developments.

Project Features

Eeshanya Infraa’s open plots in Mumbai Highway Hyderabad are designed with premium amenities to cater to modern living standards:

33' Blacktop Roads for seamless internal connectivity.

Avenue Plantation and Fruit Plants to create a lush, eco-friendly environment.

A Children’s Park and Walking Tracks for recreation and fitness.

Reliable Electricity Provisions and Water Supply to each plot.

DTCP-Approved Layouts with clear titles for peace of mind.

Why Now Is the Right Time to Invest

The open plots for sale in Mumbai Highway Hyderabad are located in a rapidly developing area with substantial growth potential. With nearby industrial zones, educational institutions, and the proposed RRR (Regional Ring Road) driving demand, these plots promise excellent future appreciation. Purchasing open plots in Mumbai Highway Hyderabad today means securing your share of a lucrative real estate market.

Conclusion

For those looking to build their dream home or invest in prime property, open plots in Mumbai Highway Hyderabad are the ideal choice. With a trusted developer like Eeshanya Infraa, you can expect quality, transparency, and timely delivery. Explore the open plots for sale in Mumbai Highway Hyderabad today and take a step towards a brighter future.

Make your move now and seize this opportunity to own premium property in Hyderabad's most promising area!

[forblogmostly]

MIC Electronics Limited Embarks on a New Chapter with MICK Digital India Limited

MIC Electronics Limited, a renowned name in innovative electronics and certified under ISO 9001:2008 and ISO 14001:2004, has proudly announced the incorporation of its wholly-owned subsidiary, MICK Digital India Limited. This development marks a significant milestone in MIC's journey of expanding its footprint in cutting-edge technologies and diversified markets.

On November 8, 2024, MICK Digital India Limited was formally established with an initial subscription of 50,000 equity shares at a face value of ₹10 each, amounting to a paid-up capital of ₹5,00,000. This strategic move was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. MIC Electronics informed the BSE and NSE of this formation, reiterating its commitment to transparency and shareholder value.

MICK Digital India Limited is positioned to make waves in advanced technology domains. With an authorized capital of ₹10,00,000, the company is set to explore the manufacturing and development of smart meters, digital meters, roof-mounted AC package units, integrated power supply systems, and microprocessor-based systems. The subsidiary will also delve into diverse sectors such as renewable energy solutions, battery technology, and electric vehicles, showcasing its versatile approach to innovation.

This wholly-owned subsidiary is a related party of MIC Electronics Limited, with the subscription to its shares being carried out on an arm’s length basis. The parent company's promoters and group entities have no vested interest in the transaction beyond its formal ownership.

MICK Digital India Limited’s objectives span a wide array of industries and technological advancements. Its ambitions include manufacturing and distributing state-of-the-art electronics, stabilizers, inverters, power supplies, and integrated systems. Furthermore, the subsidiary aims to lead in developing software and hardware solutions for industrial, e-commerce, and entertainment applications, positioning itself as a comprehensive player in the information technology and electronics ecosystem.

The establishment of this new entity aligns with MIC Electronics’ vision of contributing to renewable energy solutions and e-mobility. MICK Digital India Limited plans to focus on manufacturing lithium-ion batteries, customized battery packs, and components for electric vehicles, along with exploring advancements in solar and alternative energy systems.

This expansion comes as a strategic step forward for MIC Electronics, enhancing its capacity to innovate while broadening its market reach. With the incorporation of MICK Digital India Limited, MIC Electronics is not only reinforcing its commitment to technological excellence but also setting the stage for a future driven by sustainable and transformative solutions.

[energypricesdirect]

Energy Efficiency and Cost Savings Made Simple: Steve Caldwell Leadership at Energy Prices Direct

Steve leads Energy Prices Direct, one of the largest energy-selling groups in the UK, serving thousands of business and charity customers. With many years of experience in the energy industry, we help businesses and charities of all sizes get fair, competitive energy prices. Our main goal is to lower your energy costs and reduce how much energy you use, making sure you never pay more than necessary. We also provide excellent service to ensure your energy needs are always well cared for.

What is business electricity?

Business electricity in the UK supplies power to businesses, from small shops to big manufacturers. Unlike domestic electricity, it serves all business interests through alternative pricing structures and other contract types. The companies have available various tariffs. The team at Energy Prices Direct assists enterprises in solving their electricity requirements with competitive rates and tailored solutions to cut down energy costs and increase efficiency.

Are business electricity rates cheaper than domestic electricity rates?

Business electricity rates are usually cheaper than domestic rates, but this can vary due to several factors. While domestic consumers are charged higher unit rates, they are spared from price fluctuations and subsequent VAT charges, hence sometimes making direct comparison impossible.

Energy Prices Direct, understands these dynamics and strives to help businesses get the best electricity rates available. Its expertise in energy procurement allows it to take care of the complex negotiations required to save businesses money on energy bills and make sure they get their most effective management possible.

How can I save money on the electricity my business shares with Energy Prices Direct?

To save money on your business electricity bills, focus on using energy conservation and regularly checking electricity prices. Metering devices can help, but it's also important to monitor your energy bills to understand the cost per unit and daily charges. Make a note of when your current contract ends, as you can start comparing prices up to a year in advance. The Energy Prices Direct team are here to get the best deals and maximize your savings. Many suppliers offer free smart meters to track your usage in real-time—contact us for more information!

What types of energy tariff can you get?

When considering a change in electricity or gas suppliers through Energy Prices Direct, you can choose from several types of energy tariffs:

Fixed Rate Tariff: The unit price for electricity and gas remains constant throughout the contract term, usually up to 24 months, but can extend to 60 months. This offers price certainty and protection from market fluctuations.

Variable Rate Tariff: The price can fluctuate based on wholesale energy market rates, meaning costs may rise or fall during the year.

Green Tariff: Your energy supplier matches your usage with renewable energy, promoting sustainability and reducing your company's carbon footprint.

No Standing Charge: Some tariffs forgo the daily standing charge, but the unit price may be higher to compensate for the absence of this fixed cost.

How can I find the right energy supplier for my business?

Finding the right energy supplier for your business can be challenging, especially in a competitive market. Consider bundling your gas and electricity with one supplier for convenience. If sustainability is important to you, look for suppliers that offer green energy options. To maximize savings, analyze your business's electricity usage patterns. Partnering with a knowledgeable company like Energy Prices Direct can help you optimize your energy supply through their industry expertise and strong relationships with energy suppliers.

Our Quality Policy

The Energy Prices Direct Team are committed to high standards in energy procurement and customer service:

Customer Centricity: We prioritize our clients' needs in a competitive and ever-changing market.

Excellence in Performance: We focus on continuous improvement, ensuring accurate billing and exceptional service for all customers.

Partnering Expertise: Leveraging our buying power and decades of experience, we provide tailored energy solutions to enhance efficiency and savings.

Regular Reviews: Our management team continually evaluates our standards and systems to maintain the highest levels of customer satisfaction and operational excellence.

[womatoy]

GAC RELEASES THREE NEW MODELS AT GUANGZHOU AUTO SHOW: S7, AION UT, HYPTEC HL

GAC Group, one of China's largest automobile manufacturers, on November 15 released three groundbreaking models at the Guangzhou Auto Show 2024, spanning the electric, extended-range, and plug-in hybrid segments: the S7, AION UT, and HYPTEC HL.

The S7, a large five-seater SUV that GAC says is its first "advanced intelligence" vehicle, boasts a 2.6-meter light strip, third-gen PHEV system with 4WD and over 1,000 km of mixed range. It also features AI-driven ambient lighting with eight preset expressions for personalized mood-setting, taillights inspired by the Northern Lights, hidden door handles and rooftop LiDAR sensors, delivering a sleek, futuristic driving experience.

The AION UT, one of GAC's "global strategic model", also debuted at the show. Positioned as a top-tier battery electric vehicle, the UT is a smooth-silhouetted hatchback, standing out from its peers with its extra-long 2,750mm wheelbase, attractive oval-shaped headlights and minimalist C-shaped taillights.

This youthful design language is continued in the UT's interior, which features rounded corner details, a large floating central display and fully digital instrument panel. Another neat design innovation is the location of the charging port on the front fender, a small but effective change that demonstrates the extra attention to detail that the AION design team is famous for. 

The Group's final debut model was the HYPTEC HL, a large six-seater which aims to redefine standards for luxury SUVs. 5,126mm in length, the HL is full of luxury features, including exquisite lighting displays, cut-above video and audio fittings, a suede rooftop and premium grade leather throughout, but what makes it stand out from competitors is a new focus on second row comfort. The HL features twin 18-point massage chairs for its second-row passengers, fitted with touchscreen displays, fast charging ports and extra-large armrests.

Under the hood, the HL is a powerhouse of new energy, with dual-power pure electric and extended range (EV+REV), 800V 5C super charging and non-sensing starting technology, and the world's first 30,000rpm amorphous electric drive. The car's pure electric range exceeds 350km, with a comprehensive range over 1200km.

These three new models highlight GAC Group’s dedication to leading the smart electric vehicle market as part of the company’s ongoing global expansion strategy. The era of electric travel is here, and China's electric-native brands are poised to share their ongoing breakthroughs in vehicle technology to the world.

[globallsdata]

Bangladesh's power sector is largely composed of coal, natural gas, hydro, and renewable energy sources. In recent years, the government has made significant efforts to diversify its energy sources, with increasing investments in renewable energy, natural gas, and energy-efficient technologies. The country’s electricity generation capacity has increased substantially, and the government aims to meet the rising demand by ensuring a more reliable and sustainable power infrastructure. The growth of industries, the urbanization of the population, and the shift to cleaner energy solutions are key drivers of the market's expansion.

Trends Shaping the Bangladesh Power Market

Increase in Renewable Energy Investment: The Bangladesh government has set ambitious goals for increasing the share of renewable energy in the country’s power mix. Solar power, in particular, has seen substantial growth, with the government supporting solar home systems in rural areas and large-scale solar projects in urban regions. The country is also exploring wind and biomass power to complement its energy grid.

Energy Efficiency Initiatives: As part of its commitment to sustainability, Bangladesh is focusing on improving energy efficiency in both the industrial and residential sectors. The government and private sector are working together to promote energy-efficient technologies, such as LED lighting, high-efficiency appliances, and energy-saving building practices. This trend is not only helping to reduce overall demand but is also contributing to the country's climate goals.

Digitalization of the Power Sector: The Bangladesh power sector is beginning to adopt advanced digital technologies, including smart grids, smart meters, and remote monitoring systems. These innovations are improving energy distribution, reducing transmission losses, and enabling better management of electricity consumption. As digital solutions become more widespread, they are expected to further enhance the efficiency and reliability of the power sector.

Development of Infrastructure and Power Transmission: Significant investments are being made in transmission and distribution infrastructure to reduce power loss, ensure grid stability, and connect remote areas to the national grid. The expansion of high-voltage transmission lines and substations is essential for supporting the growing demand for electricity and integrating renewable energy into the national grid.

Focus on Energy Security and Sustainability: Energy security is a critical concern for Bangladesh, especially with its dependence on natural gas and imported coal for power generation. The government is working to strengthen energy security by exploring new sources of energy, improving domestic resource utilization, and enhancing efficiency across the power generation and distribution systems.

[alwaysonelectrical]

Energy Innovations - Innovations in Infrastructure, Technology, Resources and Energy

We're a global specialist across sectors such as infrastructure, technology, resources and energy innovations Lake Macquarie. Our people share their ideas, analysis and capabilities.

Allambi Care and Lake Macquarie Council have partnered up to power-up their operations using solar panels. They're one of a number of local organisations joining Council in the Cities Power Partnership, which has more than 170 members.

1. Electric Vehicle Charging Strategy

With electric vehicles (EVs) gaining traction in Australia and worldwide, Lake Macquarie City Council required strategic, technical, and business model input for the development of its EV charging infrastructure strategy.

The City currently operates seven EV chargers across the city including sites at Redhead, Charlestown, Morisset, Dudley and the Speers Point administration building. These 22 kilowatt chargers are installed on power poles and are connected directly to the overhead electricity supply, with energy use matched with 100% accredited GreenPower.

The EV chargers are designed to charge most EV models to 80 per cent capacity in four hours. Using intelligent software, the chargers will determine the best time to recharge for each vehicle. Fleet operators, such as bus depots and logistics centers, can schedule EV charging according to the required range and departure times of each vehicle.

2. Smart Metering

The rollout of smart meters gives customers real-time access to their energy data, empowering them to make choices and changes that reduce their electricity consumption and bills. This is an essential enabler of more efficient energy networks, helping the UK meet its carbon targets2.

Smart meters are connected to a national communications network from the outset, making them compatible with all energy suppliers from day one. However, many early-generation meters were installed with the energy supplier’s own communication systems, which means customers will lose some smart functionality if they switch provider.

Deployment constitutes a significant component of the overall cost of a smart transformation program. A dedicated deployment operations capability is essential to define a clear and appropriate deployment strategy that aligns to the achievement of strategic objectives. This enables the identification and rectification of bottlenecks, continuous improvement through customer feedback and the implementation of innovative solutions to improve deployment efficiency. Ultimately, this leads to the delivery of quality outcomes for the program.

3. Energy Efficiency

Energy innovations drive global sustainability goals, including reducing greenhouse gas emissions and enabling the transition to renewable and sustainable energy. Leading forms of green energy innovation include advancements in solar photovoltaic technology, improved battery storage capabilities and smart grids.

A local not for profit community organisation has joined forces with Lake Macquarie City Council and Pingala, a member-owned solar cooperative, to bring the Hunter region’s first community-funded renewable energy project to life. The Allambi Care solar project allows the community to fund a solar system at the organisation’s Charlestown headquarters, with returns of 5 to 8 per cent p.a.

The community-funded project will help Allambi Care save on electricity costs and reduce its environmental footprint by generating its own clean energy through a rooftop solar panel installation in Lake Macquarie and Newcastle. The system will be connected to Ausgrid’s electricity network and provide an onsite, renewable energy source that will be used to offset the City’s remaining carbon emissions from other sources.

4. Energy Storage

The cost of solar and energy storage is falling fast. In China, the world’s biggest power market, there are plans to double ESS capacity over the next five years.

Lake Macquarie City Council is an early adopter of onsite generation with 15 of its buildings now having solar power installed. This enables the business to save on electricity costs and reduce its impact on the environment.

In partnership with Allambi Care, the City is launching its first community-funded renewable energy project – Pingala. It invites local community members to invest in solar power for Allambi Care and receive a return on their investment of between 5 and 8 per cent a year.

Eku Energy, a Macquarie Asset Management portfolio company, develops, builds and actively manages energy storage assets to enable reliable, clean electricity supplies. The team uses a combination of local partnerships and a data-driven understanding of global financial and energy markets to find the right investment solutions for its projects.

[industrynewsupdates]

Key Trends Shaping the Future of the Flow Meter Market

The global flow meter market was valued at USD 10.02 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030. In 2020, the market shipment size was recorded at 53,78,749 units, reflecting the ongoing demand for flow rate measurement technology across various industries. Over the forecast period, the market is expected to experience significant growth, primarily driven by the increasing need for accurate flow rate measurements in industries such as oil and gas (O&G), chemical processing, and petroleum refining.

One of the main drivers of this market growth is the rising demand for flow rate measurement in O&G management applications globally. The oil and gas industry, in particular, relies heavily on flow meters to measure the flow of liquids, gases, and vapors in pipelines, refining processes, and distribution networks. The increasing exploration and production activities in the O&G sector, including the recent discovery of shale gas reserves in North America, Europe, and the Asia Pacific, are expected to create significant demand for flow meters. These regions are likely to see expanded investments in oil and gas infrastructure, which will, in turn, boost the market for flow measurement instruments.

Besides O&G, other industrial sectors such as water and wastewater, power generation, and pulp and paper are also expected to contribute to the market growth. These industries are increasingly adopting measurement technologies and instruments to monitor and control the flow of fluids in their operations, ensuring efficiency, safety, and regulatory compliance. The growing emphasis on environmental sustainability and resource management is pushing these industries to invest in advanced flow meters for monitoring water usage, energy generation, and waste management.

An important trend that will influence the market in the coming years is the increased demand for intelligent systems. The integration of the Internet of Things (IoT) has paved the way for smart measurement solutions, which offer real-time data collection, remote monitoring, and predictive analytics. This has made flow meters not just tools for measurement, but also integral components in smart manufacturing and automation systems. With this integration, companies can optimize their operations, reduce energy consumption, and improve system reliability.

Gather more insights about the market drivers, restrains and growth of the Flow Meter Market

Regional Insights

The North American flow meter market is driven by the presence of key players such as General Electric, Emerson Electric Corporation, and Honeywell International Inc., who significantly contribute to the region's market share in terms of revenue. These industry giants play a vital role in the development and distribution of advanced flow measurement technologies, driving growth in the U.S. and Canada.

U.S. Flow Meter Market

In the U.S., the flow meter market is expected to account for a significant share of the North American market. The ongoing digitalization and the integration of IoT-enabled flow meters are expected to boost market growth. These advanced systems offer remote monitoring, predictive maintenance, and real-time data analytics, making them increasingly popular across industries. The adoption of these technologies is enhancing operational efficiency, reducing downtime, and improving overall system performance, which is anticipated to accelerate market expansion in the U.S. over the forecast period.

Europe Flow Meter Market Trends

Europe dominated the global flow meter market, holding over 35.37% of the global revenue share in 2023. The region has a high adoption rate of flow measurement systems, particularly in the power generation sector, which contributes significantly to the regional market's growth. In addition, the demand for advanced flow meters such as magnetic, ultrasonic, and Coriolis flow meters is expected to increase in the oil and gas (O&G) industry as the region focuses on more efficient and sustainable energy solutions.

Europe is home to several major manufacturers and providers of flow measurement technologies, including Endress+Hauser AG, Krohne Messtechnik GmbH, and ABB Ltd. These companies play a pivotal role in driving the market in Europe, and the region's strong industrial base, particularly in manufacturing, chemical, and O&G industries, ensures continued growth. As a result, Europe accounted for the largest market share in 2020, and this dominance is expected to persist throughout the forecast period.

• U.K. Flow Meter Market: The U.K. is expected to hold a significant share of the European flow meter market. Demand for flow meters is being driven by growing emphasis on water conservation and environmental protection, particularly in industries such as water and wastewater management. Accurate flow measurement is crucial in these sectors to optimize resource use, improve efficiency, and ensure regulatory compliance.

• Germany Flow Meter Market: The German flow meter market is expected to capture a substantial revenue share in Europe. Germany's strong manufacturing sector, particularly in industries like oil and gas, chemicals, and pharmaceuticals, has driven high demand for flow meters in process monitoring and control applications. Germany's focus on advanced industrial automation and technological innovation further boosts the demand for precision measurement instruments like flow meters.

• France Flow Meter Market: The French market for flow meters is expected to grow significantly, driven by technological advancements such as the integration of digital and wireless technologies. These advancements enable enhanced accuracy, reliability, and remote monitoring capabilities, making flow meters even more vital in sectors like water management and industrial process control.

APAC Flow Meter Market Trends

The Asia-Pacific (APAC) region is anticipated to witness a substantial CAGR of over 7.1% from 2024 to 2030. Growth in this region is largely driven by ongoing developments in the water and wastewater management sector in countries like India and China.

• China Flow Meter Market: China is expected to capture a significant revenue share in the APAC flow meter market. The country’s rapid industrialization and urbanization are driving a rising demand for flow meters across a variety of industries, including oil and gas, water and wastewater management, chemicals, and pharmaceuticals. As China continues to develop its infrastructure and industrial base, the need for accurate and efficient flow measurement solutions will continue to increase.

• India Flow Meter Market: The Indian market is expected to experience significant growth, fueled by the country's focus on infrastructure development, particularly in sectors such as energy, utilities, and construction. The increasing demand for flow meters in these industries to monitor and control fluid flow in pipelines, plants, and facilities is expected to drive the market.

• Japan Flow Meter Market: Japan is also projected to hold a significant revenue share in the APAC flow meter market. Stringent environmental regulations in Japan, aimed at curbing pollution and ensuring efficient resource management, have driven the widespread adoption of flow meters to measure and manage water, air, and other fluids. The demand for accurate measurement solutions in both industrial and environmental sectors is expected to continue growing.

Brazil Flow Meter Market Trends

The Brazil flow meter market is expected to capture a significant revenue share within the Latin American flow meter market. Technological advancements, including the rise of smart meters and the digitalization of flow measurement systems, have played a crucial role in the market's growth. These innovations offer improved accuracy, efficiency, and enhanced data management capabilities, all of which are contributing to the increasing demand for flow meters in Brazil.

Saudi Arabia Flow Meter Market Trends

The flow meter market in Saudi Arabia (KSA) is anticipated to grow significantly in the coming years, driven by an expanding industrial base, rising infrastructure needs, and increasing focus on environmental sustainability. As the country invests in infrastructure projects and adopts cleaner energy solutions, the demand for advanced flow meters to monitor fluid flows in industrial processes, utilities, and environmental applications will continue to rise.

Browse through Grand View Research's Sensors & Controls Industry Research Reports.

• The global industrial automation and control systems market size was estimated at USD 206.33 billion in 2024 and is anticipated to witness a CAGR of 10.8% from 2025 to 2030.

• The global biometric sensor market size was valued at USD 2.09 billion in 2024 and is projected to grow at a CAGR of 19.8% from 2025 to 2030.

Key Flow Meter Company Insights

The flow meter market is highly competitive, with companies employing various strategies such as partnerships, business expansions, new product developments, and contracts to increase their market share. Geographic expansion, through partnerships and collaborations, along with mergers and acquisitions, is a key strategy for market growth. Companies are also investing heavily in R&D to develop innovative and differentiated products that cater to specific industry needs.

Some of the prominent players in the flow meter market include:

• ABB Ltd.: A global leader in industrial automation and digitalization solutions.

• Emerson Electric Corporation: Specializing in a wide range of automation and measurement solutions.

• General Electric: A multinational conglomerate with strong operations in energy and industrial technologies.

• Krohne Messtechnik GmbH: A leading manufacturer of industrial process instrumentation, including flow meters, for various sectors.

• HÖNTZSCH GMBH & CO. KG: Known for its high-precision flow measurement equipment.

• Hitachi High-Tech Corporation: Specializing in advanced measurement solutions for industrial applications.

• Siemens: A global powerhouse in electrical engineering and industrial automation, offering comprehensive flow measurement solutions.

Key Flow Meter Companies:

The following are the leading companies in the flow meter market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these flow meter companies are analyzed to map the supply network.

• ABB Ltd.

• Emerson Electric Corporation

• em-tec GmbH

• Endress+Hausar AG

• General Electric

• Hitachi High-Tech Corporation

• Honeywell International Inc.

• HÖNTZSCH GMBH & CO. KG

• Krohne Messtechnik Gmbh

• Siemens

• Yokogawa Electric Corporation

Order a free sample PDF of the Flow Meter Market Intelligence Study, published by Grand View Research.