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Smart metering market in United states to reach USD 3 Billion by 2024 | By Top vendors: Sensus, Aclara Technologies LLC, Holley Technology LTD, Landis+Gyr, Honeywell, Elster, Osaki, Itron, Siemens, Badger Meter, Neptune Technology Group
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UK smart metering systems industry will witness growth on account of rapid technological advancement along with growing adoption of sustainable systems. Introduction of automated data management systems across the metering industry will further fuel the industry growth. The introduction of intelligent metering system forms a fundamental part of the recent government policies aiming at the environmental sustainability and energy conservation.
AMI Smart metering market is predicted to grow over 10% by 2024. Increasing adoption of automated technologies across energy utilities to ensure energy conservation, customer service improvement and load management will boost the product demand. AMI meters dynamically involve the end users to execute the consumption decisions and provide real time information regarding the energy usage.
Australia Smart metering market is set to expand over 16% by 2024. Introduction of government policies along with growing measures toward energy conservation will fuel the business growth. In December 2017, the government of Australia introduced Power of Choice reform which seeks to provide AMI meters to all electricity consumers across the region.
Increasing number of utilities along with the integration of advanced ICT solutions for operations will stimulate the smart metering systems industry growth. The rising demand for effective measurement, monitoring, and utilization of natural resources will further facilitate the large-scale deployment of these meters.
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Smart metering market will surpass USD 21 Billion by 2024, as reported in the latest study by Global Market Insights, Inc. Implementation of fiscal incentives along with the government plans to replace the existing meters will drive the smart metering systems industry size. Several countries have enforced regulatory directives to accelerate the deployment of AMI meters as a part of their energy conservation initiatives. In 2016, the U.S. city of Berea in Ohio partnered with metering firm NECO and Badger Meter, a metering solutions company for the rollout of smart water meters project.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Itron
• Siemens
• Landis+Gyr
• Schneider Electric SE
• Circutor SA
• Iskraemeco
• Honeywell Elster
• Osaki
• Badger Meter, Inc.
• Neptune Technology Group, Inc.
• Sensus
• Aclara Technologies LLC
• ICSA (India) Ltd
• Holley Technology LTD
Browse Full Report: https://www.gminsights.com/industry-analysis/smart-metering-systems-market
Key industry participants in the Smart metering market include Apator, Circutor, Iskraemco, Kamstrup, Aclara, Sensus, Neptune, Osaki, Badger Meter, Honeywell International, Schneider, Itron, Siemens, and Landis+Gyr.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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