Press release
Smart Electricity Meter Market Anticipated for 10.22% CAGR Growth by 2018-2022 | Elster Group, Schneider Electric, Iskraemeco, ABB Group, Siemens, Landis+Gyr, Holley Metering Ltd, Itron and General Electric
Smart Electricity Meter Marke
Summary:
The Smart Electricity Meter Market was worth USD 8.89 billion in the year 2012 and is expected to reach approximately USD 23.53 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 10.22% during the forecast period.
Top Players:
The leading players in the market are Elster Group, Schneider Electric, Iskraemeco, ABB Group, Siemens, Landis+Gyr, Holley Metering Ltd, Itron and General Electric. In 2016 the overall digital meter’s market share was dominated by Itron. The company provides effective solutions that analyze measure and manage water and energy.
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Industry Outlook and Trend Analysis:
In 2016 the worldwide smart electricity meters market size was evaluated at USD 6.59 billion. The smart energy meters are utilized to extend the reduce demand of peak electricity, likewise end-users can conveniently monitor the consumption of power daily and decrease it in like manner.
Energy providers are additionally expected to pick up benefits through these gadgets, adjusting to their advantages of decrease in response time to determine power cuts and equipment faults, and enhanced client benefit conveyance because of remote perusing accommodations.
Different smart meters rollout plots in various districts, for example, United Kingdom, United States, and positive government activities supporting establishment of these gadgets are anticipated to play a key part in industry development. Since production of energy utilizing sustainable methodologies shifts with time, low generation of power results in temperamental vitality profitability.
Nonetheless, utilizing metering gadgets that are equipped for dealing with irregular supply help in making up for this loss by controlling energy utilization of different electronic gear. The extensive development anticipations can be authorizing to the considerable advancement of efficient and green energy transmission facilities. Integrated existence crosswise over esteem chain, particularly for ongoing data sharing with respect to utilization and levy rates is seen to be an upper hand.
Expanding consciousness among buyers about the advantages of these gadgets is anticipated to positively impact smart meters market development over the conjecture time frame.
Regional Outlook:
On a global front, the Ultrasonic Scalpel Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, South Africa, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA). North America is anticipated to grow tremendously over the forecast, trailed by Europe owing to rising commonness of chronic diseases.
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Major TOC of Smart Electricity Meter Market:
Chapter1. Introduction
Chapter2. Executive Summary
Chapter3. Market Overview
Chapter4. Market Analysis by End User
Chapter5. Smart Electricity Meter Market, By Region
Chapter 6. Company Profiles
6.1. ABB Ltd.
6.1.1. Business Overview
6.1.2. Product Portfolio
6.1.3. Key Financials
6.1.4. Strategic Developments
6.2. General Electric (GE) Company
6.2.1. Business Overview
6.2.2. Product Portfolio
6.2.3. Key Financials
6.2.4. Strategic Developments
6.3. Holley Metering Ltd.
6.3.1. Business Overview
6.3.2. Product Portfolio
6.3.3. Key Financials
6.3.4. Strategic Developments
6.4. Elster Group
6.4.1. Business Overview
6.4.2. Product Portfolio
6.4.3. Key Financials
6.4.4. Strategic Developments
6.5. Iskraemeco
6.5.1. Business Overview
6.5.2. Product Portfolio
6.5.3. Strategic Developments
…CONTINUED FOR TOC
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