+1-888-308-5802     
News Contact Us

Market update: Smart Electric Meter Market to exceed $1B by 2024

Author : Ronak Bora | Published Date : 2019-04-11 

U.S. smart electric meter market is set to witness robust growth owing to the rising energy prices coupled with shifting focus toward billing accuracy. Significant encouragement by the policymakers and regulators toward the adoption of smart electrical technologies will augment the industry growth. As per the EIA?s Residential Energy Consumption Survey in 2015, the adoption of residential smart meters in the U.S. was estimated to be around 40%. Further, it has been analyzed that the electric utilities had installations of more than 70 million AMI units across the country till 2016.

Request for a sample of this research report @

www.gminsights.com/request-sample/detail/1503

Increasing acceptance of renewables across the decentralized and centralized grid infrastructure will propel the AMI smart electric meter market share. Several countries have passed distinct legislations mandating the installation of Advanced Metering Infrastructure meters as a part of their energy conservation initiatives. In 2011, the Government of UK designed a policy framework and initiated a rollout strategy toward the adoption of smart meters. The Smart Metering Implementation Programme involves the upgrade and replacement of over 50 million gas and electricity meters by the end of 2020.

Growing measures toward energy efficient products adoption coupled with shifting trends toward digital economy will drive the UK smart electric meter market. Introduction of stringent emission norms have created competitive business scenario for the leading manufacturers to develop sustainable technologies. The UK Energy Efficiency Directive?s Article 9-11 offers rules on devices related to billing information and metering that is required to be provided to the end users.

Shifting trends toward effective monitoring, utilization, and measurement of resources to limit the overall challenges of energy will fuel the smart electric meter market growth. Monitoring and Metering have been an essential tool for the efficient energy management and measurement. Further, these provide building operators & owners with the information to improve the building energy performance.

In 2017, China accounted for over 70% of the smart electric meter market share across the Asia Pacific region. Shifting focus toward energy efficient technologies coupled with increasing penetration of smart technologies will complement the industry landscape. In the 13th five-year plan of China, introduced several smart city projects that involves the adoption of smart meters across the electric and water networks.

Make an inquiry for purchasing this report @

www.gminsights.com/inquiry-before-buying/1503

Smart Electric Meter Market is set to surpass USD 10 Billion by 2024. Robust implementation of fiscal incentives and government mandates toward the adoption of sustainable technologies will fuel the business growth. Rising concern toward energy conservation along with rapid technological advancements to offer complete integrated metering portfolio with automated data management systems will strengthen the business outlook.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • Itron
  • Siemens AG
  • Landis+GYR
  • Circutor SA
  • Icsa (India) Ltd
  • Iskraemeco
  • Holley Metering
  • Honeywell International
  • Osaki Electric
  • Badger Meter
  • Elster Group
  • Neptune Technology

Browse Full Report @ www.gminsights.com/industry-analysis/smart-electric-meter-market

Major players across the industry include Iskraemco, Circutor, Apator, Kamstrup, Aclara, Neptune, Sensus, Badger Meter, Honeywell International, Osaki, Schneider, Itron, Siemens, and Landis+Gyr.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Antimicrobial Coatings Market Size is driven by strong application trends in healthcare application segment

Published Date: 2019-08-09         Author: Ronak Bora

Global antimicrobial coatings market is segmented into medical & healthcare application, indoor air quality application, food application, antimicrobial textile application, mold remediation application and construction. Medical & healthcare application segment can experience substantial ... Read More

Aromatic Solvents Market Size to witness heavy growth prospects via paints & coatings sectors

Published Date: 2019-08-09         Author: Ronak Bora

Aromatic solvents market finds extensive application in varied sectors such as automotive, oilfield chemical, pharmaceutical, and paints & coatings. Pharmaceutical application will exhibit a CAGR of more than 2% over 2016- 2024, owing to its significant usage in drug formulation. Paints & co... Read More

Synthetic Lubricants Market in Europe Will Touch $1.67 Billion Up To 2023

Published Date: 2019-08-09         Author: Ronak Bora

Europe synthetic lubricants market price is predicted to surpass $1.67 billion by end of 2023 due to presence of key automobile and airplaneproducing firms like Audi, Airbus, Volkswagen, Rolls Royce, Mercedes and BMW. Asia Pacific, led by India and China synthetic lubricants market, is predicted ... Read More

© 2019 Fractovia. All Rights Reserved