Smart Meter Market Segmentation on the basis of Product Type, Application, and Technology 2015-2025: FMI
On a global scale, many countries are facing challenges to meet the growing demand for energy. Thus utilities are looking for innovative and efficient ways to manage generation, transmission and worldwide distribution of energy. Global smart meter market consists of digital electronic devices for measuring and two-way information sharing to manage and control power consumption by customers. Customers also have the advantage of tracking their energy consumption and billing through internet. Global smart meter market demand is more in residential areas as compared to commercial areas and electric smart meter is prominently used among the types of smart meters. Environmental concerns for reducing carbon and energy wastage and for regulating supply of energy, are major factors driving global smart meter market. Global smart meter market is anticipated to grow with a single digit compound annual growth rate during the forecast period.
On a global scale, many countries are facing challenges to meet the growing demand for energy. Thus utilities are looking for innovative and efficient ways to manage generation, transmission and worldwide distribution of energy. Global smart meter market consists of digital electronic devices for measuring and two-way information sharing to manage and control power consumption by customers. Customers also have the advantage of tracking their energy consumption and billing through internet. Global smart meter market demand is more in residential areas as compared to commercial areas and electric smart meter is prominently used among the types of smart meters. Environmental concerns for reducing carbon and energy wastage and for regulating supply of energy, are major factors driving global smart meter market. Global smart meter market is anticipated to grow with a single digit compound annual growth rate during the forecast period.
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Global <str<strong>on</strong>g>Smart</str<strong>on</strong>g> <str<strong>on</strong>g>Meter</str<strong>on</strong>g><br />
<str<strong>on</strong>g>Market</str<strong>on</strong>g><br />
Future <str<strong>on</strong>g>Market</str<strong>on</strong>g> Insights<br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
<str<strong>on</strong>g>Segmentati<strong>on</strong></str<strong>on</strong>g> <strong>and</strong><br />
Forecast,<br />
<strong>2015</strong><br />
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Report Descripti<strong>on</strong><br />
On a global scale, many countries are facing challenges to meet <strong>the</strong> growing dem<strong>and</strong> for<br />
energy. Thus utilities are looking for innovative <strong>and</strong> efficient ways to manage generati<strong>on</strong>,<br />
transmissi<strong>on</strong> <strong>and</strong> worldwide distributi<strong>on</strong> <strong>of</strong> energy. Global smart meter market c<strong>on</strong>sists <strong>of</strong><br />
digital electr<strong>on</strong>ic devices for measuring <strong>and</strong> two-way informati<strong>on</strong> sharing to manage <strong>and</strong><br />
c<strong>on</strong>trol power c<strong>on</strong>sumpti<strong>on</strong> by customers. Customers also have <strong>the</strong> advantage <strong>of</strong> tracking<br />
<strong>the</strong>ir energy c<strong>on</strong>sumpti<strong>on</strong> <strong>and</strong> billing through internet. Global smart meter market<br />
dem<strong>and</strong> is more in residential areas as compared to commercial areas <strong>and</strong> electric smart<br />
meter is prominently used am<strong>on</strong>g <strong>the</strong> types <strong>of</strong> smart meters. Envir<strong>on</strong>mental c<strong>on</strong>cerns for<br />
reducing carb<strong>on</strong> <strong>and</strong> energy wastage <strong>and</strong> for regulating supply <strong>of</strong> energy, are major<br />
factors driving global smart meter market. Global smart meter market is anticipated to<br />
grow with a single digit compound annual growth rate during <strong>the</strong> forecast period.<br />
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<str<strong>on</strong>g>Smart</str<strong>on</strong>g> <str<strong>on</strong>g>Meter</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g>: Drivers & Restraints<br />
The major driving factor for <strong>the</strong> growth <strong>of</strong> global smart meter market is government<br />
support <strong>and</strong> incentives, as utilities are initially reluctant to make huge investment in new<br />
technology without <strong>the</strong>ir support. Technological advancements such as smart grid<br />
development, infrastructure development, growing populati<strong>on</strong> <strong>and</strong> rise in ec<strong>on</strong>omic<br />
developments are some <strong>of</strong> <strong>the</strong> o<strong>the</strong>r factors boosting <strong>the</strong> growth <strong>of</strong> global smart meter<br />
market. The successful deployment <strong>of</strong> global smart meter market is dependent <strong>on</strong><br />
logistics which influences <strong>the</strong> delivery, installati<strong>on</strong> <strong>and</strong> performance <strong>of</strong> smart meter. The
Report Descripti<strong>on</strong><br />
health effects c<strong>on</strong>cerning wireless signals in smart meter, security c<strong>on</strong>cerns, regulatory<br />
c<strong>on</strong>straints <strong>and</strong> stiff competiti<strong>on</strong> are some <strong>of</strong> <strong>the</strong> challenges faced by global smart meter<br />
market.<br />
<str<strong>on</strong>g>Smart</str<strong>on</strong>g> <str<strong>on</strong>g>Meter</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g>: <str<strong>on</strong>g>Segmentati<strong>on</strong></str<strong>on</strong>g><br />
On <strong>the</strong> <strong>basis</strong> <strong>of</strong> product type, global smart meter market can be segmented into following<br />
segments:<br />
•<str<strong>on</strong>g>Smart</str<strong>on</strong>g> electric meter<br />
•<str<strong>on</strong>g>Smart</str<strong>on</strong>g> gas meter<br />
•<str<strong>on</strong>g>Smart</str<strong>on</strong>g> water meter<br />
On <strong>the</strong> <strong>basis</strong> <strong>of</strong> applicati<strong>on</strong>, global smart meter market can be segmented into:<br />
•Residential applicati<strong>on</strong><br />
•Commercial applicati<strong>on</strong><br />
On <strong>the</strong> <strong>basis</strong> <strong>of</strong> technology, global smart meter market can be segmented into:<br />
•Radio Frequency (RF)<br />
•Power Line Carrier (PLC)
Report Descripti<strong>on</strong><br />
<str<strong>on</strong>g>Smart</str<strong>on</strong>g> <str<strong>on</strong>g>Meter</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g>: Regi<strong>on</strong>-wise Outlook<br />
Global smart meter market is expected to exhibit healthy growth in Asia-Pacific <strong>and</strong><br />
Western Europe regi<strong>on</strong>s which is ei<strong>the</strong>r due to increasing installati<strong>on</strong> <strong>of</strong> new smart<br />
meters as well as upgradati<strong>on</strong> <strong>of</strong> <strong>the</strong> existing smart meters. China is expected to display<br />
substantial progress <strong>of</strong> global smart meter market, as incorporated in its five-year<br />
nati<strong>on</strong>wide plan to upgrade its grid infrastructure. In Japan, large scale installati<strong>on</strong> by<br />
Tokyo Electric Power Company (TEPCO) started <strong>on</strong> 2014 which is expected to last during<br />
<strong>the</strong> forecast period leading to increase in dem<strong>and</strong> for global smart meter market. In<br />
North, America, <strong>the</strong> growth <strong>of</strong> global smart meter market is expected to slower down as<br />
infrastructure for energy is well developed <strong>and</strong> funding for <strong>the</strong> new projects has become<br />
limited. In Latin America, global smart meter is set to exhibit steady growth <strong>of</strong> global<br />
smart meter market, as compared to Middle East <strong>and</strong> Africa.<br />
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<str<strong>on</strong>g>Smart</str<strong>on</strong>g> <str<strong>on</strong>g>Meter</str<strong>on</strong>g> <str<strong>on</strong>g>Market</str<strong>on</strong>g>: Key Players<br />
Some <strong>of</strong> <strong>the</strong> key players in global smart meter market are: Aclara Technologies LLC.,<br />
Echel<strong>on</strong> Corporati<strong>on</strong>, Elster Group GmbH, General Electric, Holley <str<strong>on</strong>g>Meter</str<strong>on</strong>g>ing Limited,<br />
Iskraemeco d.d., Itr<strong>on</strong>, Kamstrup A/S, L<strong>and</strong>is+Gyr <strong>and</strong> Sensus.
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