Press release
Smart Metering Systems Market: Segmented by Application and Geography Trends, Growth and Forecasts to 2024
China smart metering systems market share is forecasted to grow over 13% by 2016-2024. The increase in electricity generation from clean energy sources and its integration into the grid will positively influence the business outlook.
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Global Smart Metering Systems Market is set to witness growth at over 10% CAGR and exceed USD 45 billion by 2024. Increasing need for accountability and transparency in resource issuance and usage will augment the global smart metering systems market. Scarcity of several resources including electricity, water, and gas will positively influence the industry outlook. In 2013, EDF Energy has planned to install 35 million smart meters in France between 2016 and 2020.
Stringent government regulations towards effective resource utilization along with energy management will substantially increase the demand for global smart metering systems market. It is done to monitoring the proportionate usage of resources for curtailment of possible wastage. The EU Directive 2009/72/EC, mandates each member state to conduct cost benefit analysis of large scale automated systems roll out to check the feasibility. The adoption was made compulsory for regions which had positive results.
Increasing focus on renewable energy sources for reducing carbon emissions will stimulate the industry landscape. The need for integrating electricity generated from clean energy sources is giving rise to the evolution of smart grid technology, which will positively influence the demand for smart metering systems market. In 2013, the state grid corporation of China announced allocate USD 31 billion to Xinjiang electric power company for implementation of smart grid project. It includes renewable energy integration and installation of power transmission lines by 2020.
Smart electric meters of smart metering systems market valued over USD 5 billion for 2015 and is anticipated to witness substantial growth owing to its low price and high penetration. Deployment of water meters are predicted to exceed over 300 million units by 2024 due to rising emphasis on non-revenue water.
Browse key industry insights spread across 205 pages with 433 market data tables & 11 figures & charts from the report, “Smart Metering Systems Market Size, By Application (Residential, Commercial, Utility), By Product (Water meters, Electricity meters, Gas meters), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Italy, France, UK, Sweden, Portugal, China, Japan, South Korea, India, Australia, UAE, Saudi Arabia, South Africa, Lebanon, Egypt, Mexico, Brazil, Uruguay, Argentina) Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/industry-analysis/smart-metering-systems-market
Automatic Meter Reading (AMR) of Smart metering systems market will witness growth over 8% by 2024. Automatic Meter Infrastructure (AMI) is projected to witness moderate growth owing to its high price as compared to its counterpart, which may act as a restraint to its adoption.
Smart metering systems market from the U.S. was valued over USD 6 billion for 2015 and is anticipated to witness substantial growth due to increase in adoption of smart systems. In 2015, the U.S. EIA have installed around 65 million smart electric meters.
Key players in smart metering systems market includes Siemens AG, Landis+GYR, Itron, Schneider Electric, Circutor, Osaki Electric, Iskraemeco, Honeywell International, Sensus Sentec, Badger Meter, Sensus Sentec, Elster, Neptune Technology, Holley Metering and Icsa.
Table of Content (TOC-)
Chapter 3 Smart Metering Systems Industry Insights
3.1 Industry segmentation
3.2 Industry size & growth forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Technology & innovation landscape
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 UK
3.5.3 Sweden
3.5.4 Germany
3.5.5 Canada
3.5.6 China
3.5.7 Netherlands
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Effective non-revenue water (NRW) monitoring and control
3.6.1.2 Favourable government regulations
3.6.1.3 Accuracy & savings in billings
3.6.1.4 Emerging Intelligent sustainable water management solutions
3.6.1.5 Effective consumption pattern mapping
3.6.2 Industry pitfalls & challenges
3.6.2.1 High initial investment
3.6.2.2 Privacy concerns
3.7 Growth potential analysis
3.8 Price trend analysis
3.9 Technology trends and forecast
3.9.1 Automatic Meter Infrastructure (AMI)
3.9.1 Automatic Meter Reading (AMR)
3.10 Porter’s analysis
3.11 Competitive landscape, 2015
3.11.1 Strategy dashboard
3.12 PESTEL analysis
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