Press release
Industrial Smart Meters Industry Research Report, Growth Trends and Competitive Analysis 2018-2025
In terms of production side, this report researches the Industrial Smart Meters capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Industrial Smart Meters by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
A smart meter is an Internet-capable device that measures energy, water or natural gas consumption of a building, home, plants, etc.
Whereas traditional meters only measure total consumption, smart meters record when and how much of a resource is consumed. Energy companies are deploying smart meters to monitor consumer usage and adjust prices according to the time of day and season.
The smart meter acts as the network termination point, an ingress router between the utility’s network and the building it is monitoring. When connected to a building automation system, a smart meter will allow the building administrator to control based on real-time energy costs.
In the coming years there is an increasing demand for Industrial Smart Meters in the regions of North America and Europe that is expected to drive the market for more advanced Industrial Smart Meters. Growth in government budgets in the principal countries, increasing of heavy industry fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Industrial Smart Meters will drive growth in United States and Europe markets.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
The Industrial Smart Meters market was valued at 56 Million US$ in 2017 and is projected to reach 240 Million US$ by 2025, at a CAGR of 20.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Industrial Smart Meters.
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This report includes the following manufacturers; we can also add the other companies as you want.
Landis+Gyr
Itron
Siemens
Kamstrup
Elster Group
Nuri Telecom
Sagemcom
Iskraemeco
ZIV
Sanxing
Linyang Electronics
Wasion Group
Haixing Electrical
XJ Measurement & Control Meter
Chintim Instruments
Clou Electronics
Holley Metering
HND Electronics
Longi
Banner
Sunrise
Market Segment by Product Type
Three-phase Smart Meter
Single-phase Smart Meter
Market Segment by Application
Heavy Industry
Light Industry
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