Smart Electric Meter Market by Key Players are: Landis+Gyr, Itron, Siemens, Schneider, Honeywell International, Osaki, Badger Meter, Neptune Technologies, Aclara, Sensus, Kamstrup, Circutor, Iskraemeco and Apator

Market Overview:-

Smart Electric Meter Market is set to exceed USD 11 billion by 2024. Increasing demand for accurate meter billing coupled with rising need for energy conservation will result in growing adoption of the technology and will thereby expedite the global smart electric meter market share. Rapid industrialization resulting in rising energy demands along with investments towards smart grid programs will further boost the industry outlook.

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The smart electric market is currently dominated by the commercial application segment growing at a substantial rate owing to greater need to curb electricity thefts along with regulating the energy consumption rate. According to IMF in 2013, global electricity theft surmounted USD 100 million. Need for accurate real-time energy consumption pattern among the end users will augment the residential smart electric meter market during the forecast period.

Top Key Players:-

Global smart electric meter market players market includes Itron, Wasion, Echelon, Siemens AG, Schneider, Networked Energy Services, Toshiba, Sensus, Jiangsu Linyang Electronics, Landis+Gyr, Holley Metering, Genus Power Infrastructure, Elster, Honeywell International, Jiangsu Linyang, Atmel Corporation and Aclara Technologies.

Market share calculation in this report is not done based on companies covered in it. The calculation of smart electric meter market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

U.S. smart electric meter market is driven by the American Recovery and Reinvestment Act mandating utility companies to provide accurate billings along with increasing rate of energy utilization. For instance, ARRA and the U.S. Energy Department made a joint investment of USD 30 billion to provide a stimulus to a wide range of energy development programs across the country along with simultaneously increasing the existing smart grid capacity.

Japan’s smart electric meter market is estimated to witness a technological shift owing to the induction of AMI in the smart meter market. For instance, in August 2015, Japan utility company, Tokyo Electric Power Company (TEPCO) initiated an enterprise to install over 2.7 million smart systems and has established a constant monitoring Smart Meter Operation Centers offering 24-hour customer support service for security, maintenance and operations of the smart meters.

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Partial Chapter of the Table of Content

Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources

Chapter 2 Executive Summary
2.1 Smart electric meter market 360o synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Application trends
2.1.3 Technology trends
2.1.4 Phase trends
2.1.5 Regional trends

Chapter 3 Smart Electric Meter Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation & technology landscape
3.5 Regulatory landscape
3.5.1 U.S.
3.5.1.1 American Recovery and Reinvestment Act (ARRA)
3.5.2 UK
3.5.2.1 The Smart Metering Implementation Programme
3.5.2.2 The Smart Energy Code
3.5.2.3 The Energy Efficiency Directive
3.5.3 Sweden
3.5.4 Germany
3.5.5 France
3.5.6 Ireland
3.5.6.1 The National Smart Metering Programme
3.5.7 Netherlands
3.5.8 Italy
3.5.9 Japan
3.5.9.1 Fourth Basic Energy Plan
3.6 Industry impact forces
3.6.1 Growth Drivers
3.6.1.1 Favorable government regulations
3.6.1.2 Renewable energy integration to smart grid infrastructure
3.6.1.3 Controlled energy consumption
3.6.1.4 Rising demand for renewable energy and effective transmission facilities
3.6.1.5 Better security against electricity theft
3.6.2 Industry pitfalls & challenges
3.6.2.1 End-user resistance
3.6.2.2 Cost outweighing savings
3.7 Growth potential analysis
3.8 Price trend analysis, by technology
3.8.1 AMI
3.8.2 AMR
3.9 Price trend analysis, by region
3.9.1 North America
3.9.2 Europe
3.9.3 Asia Pacific
3.9.4 Middle East & Africa
3.9.5 Latin America
3.10 Communication protocols used in AMI/AMR
3.10.1 Automatic Meter Infrastructure (AMI)
3.10.2 Automatic Meter Reading (AMR)
3.11 Porter’s Analysis
3.12 Competitive Landscape, 2017
3.12.1 Strategy Dashboard
3.12.1.1 Itron
3.12.1.1.1 Product Development
3.12.1.1.2 Acquisition
3.12.1.1.3 Restructuring
3.12.1.2 Honeywell
3.12.1.2.1 Acquisition
3.12.1.2.2 Long-term contracts
3.12.1.2.3 New Product Launch
3.12.1.3 EDMI
3.12.1.3.1 Strategic Partnership
3.12.1.3.2 New Product Launch
3.12.1.4 Kamstrup
3.12.1.4.1 Global Expansion
3.12.1.4.2 Workforce
3.12.1.4.3 Collaboration
3.12.1.5 Sensus
3.12.1.5.1 Expansion
3.13 PESTEL Analysis

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Automatic Meter Reading (AMR) technology accounted for USD 4 billion of the smart electric meter market by 2024. Earlier, conventional AMR devices mapped out estimated bills and were programmed to collate the utility supplier’s consumption data. However, with continuous technological advancements, these devices can be remotely controlled and functions including leak detection, meter tampering and additional data parameters can be efficiently carried out and the end-user can be notified by the meter in case of any such mishaps.

Automated Metering Infrastructure (AMI) systems provide features including alert notifications, demand response actions, real time energy consumption and time-based pricing. AMI systems owing to the enhanced features has shown positive business growth in countries including UK, U.S. Norway, Sweden and Japan and is set to undergo global adoption during the forecast period.

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