Global Smart Meter Market By Type Smart Electricity Meter, Smart Gas Meter, Smart Water Meter to 2022
The research study focuses on Global Smart Meter major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
July 25, 2017 /MarketersMedia/ —
“Global Smart Meter Market (Electricity, Gas, Water) – Analysis By Meter Type, By End User, By Region, By Country: Opportunities & Forecast (2011-2022)”, Global Smart meter market is projected to exhibit a CAGR of 6.23% during 2016 – 2021. On the basis of market segment, Global Smart Meter Market has been segmented on (By Types: Smart Electricity Meter, Smart Gas Meter, Smart Water Meter; By Applications: Residential sector, Commercial Sector; By Region: North America, Europe, APAC, and ROW; By Country: U.S., Canada, U.K., Germany, China, Japan)
Companies discussed in this research are Itron Co., Landis+Gyr AG, Iskraemeco, Elster, Sensus, Holley Metering Ltd., ICSA Ltd., Schneider Electric, Siemens AG and GE Energy Connections.
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The report provides Segmentation by Types: Smart Electricity Meter, Smart Gas Meter and Smart Water Meter. The report provides Segmentation by End User: Residential sector and Commercial sector.
Global rise in energy demand along with the emerging trends in smart grid technologies, integration, and advanced infrastructure along with IoT (Internet of Things) has led to the growth of Smart Meter market.
The market for Smart meters is growing steadily on account of the growing renewable energy sector with increase in energy demand, controlling carbon emissions through energy saving, reducing wastage and controlling the consumption. As a result, there is increase in the number of installations of smart meters.
Among the segments, market is expected to be driven by Smart Gas Meters and Smart Water Meters majorly in developed countries on account of growing natural gas usage and need for smart water management. The smart gas meters will primarily take the lead due to the utilities going for combine electricity and gas dual fuel supply. Also, the growth for smart meter will primarily be seen in residential areas due to large number of households as a major end user of smart meters.
While in developing regions, they will continue to dominate the market in Smart electricity meter due to the government initiatives for lowering down the prices and increasing awareness among utilities.
Global Smart Meter Market is forecasted to grow at a CAGR of 6.23% during 2016 – 2021F, on account of rising advanced infrastructure developments, integrated systems with two way communication and energy consumption real time data and control by individuals.
APAC region remains the major market among all the regions. In the forecast period, Europe region will witness strong growth driven by the countries such as U.K. and Germany.
Primary sources are mainly industry experts from core and related industries, and suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. The bottom-up approach was used to estimate the global market size of Smart Meter based on end-use industry and region, in terms of value. With the data triangulation procedure and validation of data through primary interviews, the exact values of the overall parent market, and individual market sizes were determined and confirmed in this study.
The research provides answers to the following key questions:
• What will be the market size and the growth rate in 2022?
• What are the key factors driving the global Smart Meter market?
• Who are the key market players and what are their strategies in the global Smart Meter market?
• Trending factors influencing the market shares of the North America, Europe, China, Japan, and Southeast Asia, India.
• What are the key market trends impacting the growth of the global Smart Meter market?
• What trends, challenges and barriers are influencing its growth?
• What are the market opportunities and threats faced by the vendors in the global Smart Meter market?
• What are the key outcomes of the five forces analysis of the global Smart Meter market?
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