Smart Electric Meter Market Apator, Iskraemco, Circutor, Kamstrup, Sensus, Aclara, Neptune, Badger Meter, Osaki, Honeywell International, Schneider, Siemens, Itron, Landis+Gyr
According to latest study by Global Market Insights, Inc. Smart electric meter market to expand 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. Robust implementation of government mandates and fiscal incentives toward the adoption of sustainable technology will drive the smart electric meter market size. Several countries have enacted distinct legislation mandating the adoption of AMI meters as a part of their comprehensive energy conservation initiatives.
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Top Key Players:
Key industry participants in the smart electric meter market include Apator, Iskraemco, Circutor, Kamstrup, Sensus, Aclara, Neptune, Badger Meter, Osaki, Honeywell International, Schneider, Siemens, Itron, and Landis+Gyr.
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: -
UK smart electric meter market is witnessed to grow on account of growing measures toward the adoption of energy efficient products. Introduction of strict emission norms toward the development of sustainable technologies has created a competitive business scenario for leading manufacturers across the region. The Article 9-11 of the UK Energy Efficiency Directive provides rules on devices related to metering and billing information that needs to be provided to end users.
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.
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Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
184.108.40.206 Paid Sources
220.127.116.11 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
18.104.22.168 American Recovery and Reinvestment Act (ARRA)
22.214.171.124 The Smart Metering Implementation Programme
126.96.36.199 The Smart Energy Code
188.8.131.52 The Energy Efficiency Directive
184.108.40.206 The National Smart Metering Programme
220.127.116.11 Fourth Basic Energy Plan
3.6 Industry impact forces
3.6.1 Growth Drivers
18.104.22.168 Favorable government regulations
22.214.171.124 Renewable energy integration to smart grid infrastructure
126.96.36.199 Controlled energy consumption
188.8.131.52 Rising demand for renewable energy and effective transmission facilities
184.108.40.206 Better security against electricity theft
3.6.2 Industry pitfalls & challenges
220.127.116.11 End-user resistance
18.104.22.168 Cost outweighing savings
3.7 Growth potential analysis
3.8 Price trend analysis, by technology
3.9 Price trend analysis, by region
3.9.1 North America
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
22.214.171.124.1 Product Development
126.96.36.199.2 Long-term contracts
188.8.131.52.3 New Product Launch
184.108.40.206.1 Strategic Partnership
220.127.116.11.2 New Product Launch
18.104.22.168.1 Global Expansion
3.13 PESTEL Analysis
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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.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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