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 />
<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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