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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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)
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