Press release
Smart Electric Meter Market Key Players 2024: Landis+Gyr, Itron, Siemens, Schneider, Honeywell International, Osaki, Badger Meter, Neptune Technologies, Aclara, Sensus, Kamstrup, Circutor, Iskraemeco, Apator
UK Smart Electric Meter Market Size, By Application, 2017 & 2024 (Million Units)
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U.S. smart electric meter market is anticipated to exceed USD 1 Billion by 2024. Significant encouragement by regulators and policymakers toward the adoption of smart technologies will stimulate the business growth. As per the Residential Energy Consumption Survey conducted by the EIA in 2015, residential smart meter adoption across the U.S. stood around 40%. Furthermore, it has been analyzed that electric utilities across the country had installed over 70 million AMI meters till 2016.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Elster Group
• Siemens AG
• Landis+GYR
• Circutor SA
• Icsa (India) Ltd
• Iskraemeco
• Holley Metering
• Honeywell International
• Osaki Electric
• Badger Meter
• Itron
• Neptune Technology
AMI smart electric meter market will grow on account of continuous expansion and increasing share of renewables across centralized and decentralized grid infrastructure. Rapid technological advancements coupled with growing concern toward energy conservation will strengthen the business outlook. Smart meters integrated with automated data management systems have drastically eased the assessment of consumption patterns by the user.
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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.
China, in 2017 accounted for over 70% smart electric meter market share across Asia Pacific. Growing penetration of smart technologies along with shifting focus toward energy efficiency will stimulate the business growth. Asian Development Bank is supporting the sustainable use of energy and the roll-out of smart meters is the top priority in line with the adoption of renewable and smart-grid technologies. China in its 13th five-year plan introduced various smart city projects that include the installation of smart meters across water and electric networks.
Shifting trends toward an effective measurement, monitoring, and utilization of resources to limit the overall energy challenges will drive the smart electric meter market. Metering and monitoring have been the essential tools for the measurement and efficient energy management. In addition, these provide building owners & operators with the information to improve building energy performance.
Key industry participants in the smart electric meter market include Landis+Gyr, Itron, Siemens, Schneider, Honeywell International, Osaki, Badger Meter, Neptune Technologies, Aclara, Sensus, Kamstrup, Circutor, Iskraemeco and Apator.
Browse key industry insights spread across 511 pages with 1044 market data tables & 10 figures & charts from the report, “Smart Electric Meter Market Size By Application (Residential {Single Family, Multi Family}, Commercial {Education, Healthcare, Retail, Logistics & Transportation, Offices, Hospitality}, Utility), By Technology (AMI {RF, PLC, Cellular}, AMR), By Phase (Single Phase, Three Phase) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Russia, Italy, Sweden, Denmark, Austria, Spain, China, India, Japan, Australia, South Korea, Saudi Arabia, UAE, Oman, Kuwait, Iran, Lebanon, Egypt, South Africa, Nigeria, Brazil, Mexico, Uruguay, Argentina, Chile) Application Potential, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-electric-meter-market
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