Global Smart Meters Market was valued US$ 12.5 Bn in 2017 and is forecasted to reach US$ 26.3 Bn by 2026 at a CAGR of 9.74 %.
Global smart meter market is segmented by type, by application, by technology and by region. Based on type, global smart meter market is segmented into electric, water, and gas. Commercial, residential, and industrial are application segments of global smart meter market. In terms of technology, smart meter market has been bifurcated into automatic meter reading and advanced metering infrastructure. Geographically, global smart meter market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The driving factors for smart meters market are rising emissions, financing constraints for new generation assets development, domestic energy resource constraints, growing demand for electricity, cost of electricity, and aging infrastructure. There are significant challenges smart meter market is facing such as high meter pricing, lack of supportive incentives, poor meter standards, regulatory shortcomings, resource challenges, and other barriers remain.
Automatic Meter Reading (AMR) segment dominated the smart meters in 2017. AMR is a metering technology that collects consumption data from the meters and transfers it to a central database for billing and other purposes by one-way communication only. North America and Europe are the regions that has grabbed much of the share of AMR technology. Automatic Meter Reading is less costly when compared to the Advanced Metering
Infrastructure (AMI) and, hence, has a high market size.
Residential segment accounted for the largest market size, in terms of value, in 2017. Escalating residential construction activities and government mandates drives the residential segment market. Installations of these devices in the residential sector helps in reducing CO2 emissions as the consumer’s shift towards peak time savings of energy would increase. European Union 20-20-20 policy aims to convert 80% of the installed meter base to smart one, ensures potential opportunity for the growth of smart meters market.
Asia Pacific is foreseen to have a high potential in a smart meter market. China is focused on developing new infrastructure to provide reliable and cheap electricity to support economic growth. China will continue to dominate the market. Japan, attributed to their weather resiliency challenges, are focused on creating a more responsive and robust modern day grid, capable of moderating critical system failures. Japan, and South Korea are driving the deployment of renewable energy technologies such as solar, wind, biomass, and other disruptive technologies, which contribute to smart technology utilization for better grid integration.
Elster Group SE, Landis+GYR, Itron Inc., Siemens AG, Schneider Electric SA, Sensus, Holley Metering Limited, Honeywell international Inc., Badger Meter Inc., Circutor SA, Icsa (India) Limited, Neptune Technology Group Inc., Landis+Gyr Inc, Aclara Technologies LLC, Wasion Group Holdings, Elster Group SE, Jiangsu Linyang Energy Co. Ltd, Ningbo Sanxing Electric Co. Ltd, Kamstrup A/S, Hexing Electric Company Ltd, Itron Inc, Holley Metering Limited, Sensus USA Inc, Shenzhen Hemei Group Co. Ltd, General Electric Ltd, Diehl Stiftung & Co. KG, Hangzhou Beta Gas Meters Co. Ltd, Pietro Fiorentini, Sagemcom SAS and Apator S.A are key players involved in the global smart meter market.
Do Inquiry Before Purchasing Report Here: https://www.maximizemarketresearch.com/market-report/global-smart-meters-market/21336/#inquiry
Scope of the Global Smart Meters Market
Global Smart Meters Market, by Type:
• Electric Meters
• Gas Meters
• Water Meters
Global Smart Meters Market, By Technology:
• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
Global Smart Meters Market, By Application:
Global Smart Meters Market, By Region:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player analysed in Global Smart Meters Market:
• Landis+Gyr Inc
• Aclara Technologies LLC
• Wasion Group Holdings
• Elster Group SE
• Jiangsu Linyang Energy Co. Ltd
• Ningbo Sanxing Electric Co. Ltd
• Kamstrup A/S
• Hexing Electric Company Ltd
• Itron Inc
• Holley Metering Limited.
MAJOR TOC OF THE REPORT
Chapter One: Smart Meters Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Smart Meters Market Competition, by Players
Chapter Four: Global Smart Meters Market Size by Regions
Chapter Five: North America Smart Meters Revenue by Countries
Chapter Six: Europe Smart Meters Revenue by Countries
Chapter Seven: Asia-Pacific Smart Meters Revenue by Countries
Chapter Eight: South America Smart Meters Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Smart Meters by Countries
Chapter Ten: Global Smart Meters Market Segment by Type
Chapter Eleven: Global Smart Meters Market Segment by Application
Chapter Twelve: Global Smart Meters Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Smart Meters Market Report at: https://www.maximizemarketresearch.com/market-report/global-smart-meters-market/21336/
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact: +91 20 6630 3320/ +919607065656/ +919607195908