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Smart Metering Systems Market - Revenue Insights and Growth Strategy Report to 2024

Author : Ronak Bora | Published Date : 2020-09-09 

The U.S. market is anticipated to reach over USD 3 Billion by 2024. Favorable measures to promote the adoption of non-conventional meters along with strict regulatory landscape to obtain energy saving will propel the business growth. California Public Utilities Commission has authorized the investor-owned utilities to promote the deployment of intelligent meters to ensure customer control over energy consumption. CPCU authorized Southern California Edison for the installation of approximately 5.3 million smart meter units.

AMI smart metering systems market is anticipated to witness gain over 10% by 2024. Growing adoption of automation systems across energy sector to ensure load management, customer service improvement and energy conservation will enhance the product penetration. The product enables the end users to provide real time information regarding the energy utilization and execute consumption decision.

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Growing adoption of sustainable technologies along with technological advancement will fuel the UK smart metering systems market. Implementation of automated data management (ADM) systems across the digital electronic sector will further propel the industry landscape. Government policies toward the energy conservation and environmental sustainability will enhance the product penetration.

The shifting trends toward a smart power infrastructure have been considerably influencing smart metering systems industry share. Of late, analog meters are being extensively replaced with digital meters in various residential, commercial, and industrial sectors, owing to their precise energy measuring capability. Taking into account the growing deployment rate and popularity of smart meters, many giants in smart metering systems market are focusing on brainstorming and manufacturing advanced versions of the existing products. In addition, it would be prudent to mention that regional government bodies have a pivotal role to play when it comes to the progress of smart metering systems industry.

The competitive hierarchy of smart metering systems market is inclusive of quite a few prominent big shots that have been adopting strategies like facility expansions and acquisitions to consolidate their space in this business and explore the plethora of opportunities that this vertical offers. Long-term contract agreements between product suppliers and manufacturers is also rather commonplace, in order to meet the ever-rising demand for these products. Merely a few days ago, a smart metering technology company, intelliHUB acquired the digital smart meter subsidiary of Origin Energy Australia Origin for USD 267 million. The acquisition comes on the heels of the fact that the rate of smart meter installations across South Australia, Tasmania, Queensland, and New South Wales (NSW) has been growing commendably, providing novel opportunities for APAC smart metering systems market firms. In fact, estimates claim that in the aforementioned regions, the number of smart meter installations have hit 400,000.

Smart metering systems market is anticipated to witness growth owing to growing utilities number coupled with integration of advanced ICT solutions. Increasing demand for effective monitoring, utilization and measurement of renewable resources will further augment the business landscape.

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Eminent players across the smart metering systems market include Iskraemco, Sensus, Badger Meter, Itron, Landis+Gyr, Apator, Kamstrup, Osaki, Schneider, Siemens, Circutor, Honeywell International, Neptune and Aclara.

Table of Contents (ToC) of the report:

Chapter 5    Smart Metering Systems Market, By Product

5.1    Smart metering systems industry share by application, 2017 & 2024

5.2    Smart electric meter systems

5.2.1    Global market from smart electric meter systems, 2013 - 2024

5.2.2    Global market from smart electric meter systems, by region, 2013 – 2024

5.3    Smart gas meter systems

5.3.1    Global market from smart gas meter systems, 2013 - 2024

5.3.2    Global market from smart gas meter systems, by region, 2013 – 2024

5.4    Smart water meter systems

5.4.1    Global market from smart water meter systems, 2013 - 2024

5.4.2    Global market from smart water meter systems, by region, 2013 – 2024

Chapter 6    Smart Metering Systems Market, By Technology

6.1    Smart metering systems industry share by technology, 2017 & 2024

6.2    AMI

6.2.1    Global market from AMI, 2013 - 2024

6.2.2    Global market from AMI, by region, 2013 – 2024

6.3    AMR

6.3.1    Global market from AMR, 2013 - 2024

6.3.2    Global market from AMR, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/smart-metering-systems-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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. [email protected] | https://twitter.com/RonakBora26

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