Growth & Developments in Smart Meters Market Forecast to 2023 | Key Players are Schneider Electric SA, Siemens AG, Badger Meter , ICSA India Limited, Circuator SA, Elster Group, Itron

Smart Meters are devices for accurately monitoring gas and electricity meter usage that can send usage information via radiofrequency electromagnetic radiation (RF) which helps the utility company to effectively manage the energy usage. Smart meters offer a host of benefits such as reduction of meter reading cost, removing inefficiencies in billing, preventing disconnection and re-connection costs to corporations and consumers.

Favorable government policies along with fiscal incentives is a key factor driving the smart meters market. Furthermore, large scale deployment of smart grid and the utility companies focusing on enhancing distribution efficiency are other factors boosting the market growth. High installation cost of smart meters borne by end-users is a factor hampering the growth of the smart meters. Various grid operators trying to effectively managing the demand for power offer ample growth opportunities for the smart meters to grow. Creating awareness among consumers along with bringing interoperability is a key market challenge that needs to overcome by key market players to gain a stronghold in the market. Furthermore, improper installation of smart meters is a major market challenge.

Get PDF Sample Copy: https://www.alliedmarketresearch.com/request-toc-and-sample/964?utm_source=OpenPR

The market is poised to grow at a significant rate in the North America driven by the huge market demand in the U.S. The country is focusing on upgrading and replacing outdated infrastructure, enabling grid reliability, and installing smarter power networks. The factors responsible for the market demand in North America is conducive government initiatives, consisting of proper allocation of funds and making smart meters mandatory in many states such as Texas and California.

Key market players extensively profiled in the report include

•Elster Group
•Itron
•Landis+Gyr
•Schneider Electric SA
•Siemens AG
•Badger Meter
•ICSA India Limited
•Circuator SA
•EDMI
•Holley Metering Limited
•Neptune Technology Group
•Sensus
•Honeywell International

Request Customization Report: https://www.alliedmarketresearch.com/request-for-customization/964?utm_source=OpenPR

KEY BENEFITS FOR STAKEHOLDERS:
•The report provides a comprehensive analysis of current & future market trends and emerging avenues for the growth of the market across the globe.
•The report offers an extensive analysis of smart meter mandates by government in different countries and its impact on their installation in these countries.
•The report offers an insight into competitive landscape in terms of new technological developments, untapped segments, and value chain analysis.
•This report entails the detailed quantitative analysis of the current market and estimations through 2014 and 2020, which assists in identifying the prevailing market opportunities.
•The report analyses the top impacting factors in detail and offers adoption rate analysis of the market on the basis of different segment across different countries.
•Porters Five Forces analysis is offered in the report along with highlighting bargaining power of buyers and suppliers.
•The report offers strategic analysis of financial status of key market players, and highlights market share of key vendors.
•The report offers information on the status of new projects along with offering investment feasibility analysis of the same.

SMART METERS MARKET KEY SEGMENTS:

•By Type
oSmart Electric Meters
oSmart Water Meters
oSmart Gas Meters

•Smart Meters Market By End User
oIndustrial & Commercial Smart Meters Market
oResidential Smart Meters Market

•Smart Meters Market By Region
oAmericas
oEurope
oAsia-Pacific
oRest of the World

Enquiry Report: https://www.alliedmarketresearch.com/purchase-enquiry/964?utm_source=OpenPR

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.