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Smart Electric Meter Market Astonishing Growth| Badger Meter, Honeywell International, Osaki, Schneider, Itron, Siemens & More

04-05-2019 07:44 AM CET | Energy & Environment

Press release from: marketstudyreport.com

Smart Electric Meter Market Astonishing Growth| Badger Meter,

MarketStudyReport.com Adds New Smart Electric Meter Market 2018 – 2024 research report providing information and data By Application, By Technology, By Phase, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast spreading across 511 Pages with table and figures in it.

Major players across the industry include Iskraemco, Circutor, Apator, Kamstrup, Aclara, Neptune, Sensus, Badger Meter, Honeywell International, Osaki, Schneider, Itron, Siemens, and Landis+Gyr.

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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.

U.S. smart electric meter market is set to witness robust growth owing to the rising energy prices coupled with shifting focus toward billing accuracy. Significant encouragement by the policymakers and regulators toward the adoption of smart electrical technologies will augment the industry growth. As per the EIA?s Residential Energy Consumption Survey in 2015, the adoption of residential smart meters in the U.S. was estimated to be around 40%. Further, it has been analyzed that the electric utilities had installations of more than 70 million AMI units across the country till 2016.

Smart Electric Meter Market is set to surpass 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.

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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.

Table of Content:

Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Smart Electric Meter Industry Insights
Chapter 4 Smart Electric Meter Market, By Application
Chapter 5 Smart Electric Meter Market, By Technology
Chapter 6 Smart Electric Meter Market, By Phase
Chapter 7 Smart Electric Meter Market, By Region
Chapter 8 Company Profiles

Related Report:

United States Smart Electric Meter Market Report 2017

In this report, the United States Smart Electric Meter market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

https://www.marketstudyreport.com/reports/united-states-smart-electric-meter-market-report-2017/?utm_source=OPR-PSR

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