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What’s driving the smart metering systems market analysis? | By Top vendors Aclara Technologies LLC, Elster, Osaki, Itron, Siemens, Holley Technology LTD, Landis+Gyr

06-19-2019 01:14 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

What’s driving the smart metering systems market analysis? |

The U.S. smart metering systems market is forecast to observe significant growth during the projected timeframe. Stringent regulatory framework to achieve energy savings along with ongoing measures to replace the conventional meters will augment the industry landscape. For instance, the California Public Utilities Commission (CPUC) has sanctioned the investor-owned utilities to replace conventional meters with intelligent meters to ensure customer control over the energy usage. The Southern California Edison has been authorized by CPUC for the installation of approximately 5.3 million smart meters.

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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 systems 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 systems 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.

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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.

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

Smart Metering Systems 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.

Browse Full Report: https://www.gminsights.com/industry-analysis/smart-metering-systems-market

Key industry participants in the smart metering systems market include Apator, Circutor, Iskraemco, Kamstrup, Aclara, Sensus, Neptune, Osaki, Badger Meter, Honeywell International, Schneider, Itron, Siemens, and Landis+Gyr.

Browse Related Report:
Offshore Wind Energy Market Size By Component (Turbine {Rating (< 100 kW, 100 kW to 250 kW, > 250 kW to 500 kW, > 500 kW to 1 MW, 1 MW to 2 MW, > 2 MW), Installation (Floating {Axis {Horizontal (HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Structure {Rotor Module, Nacelle Module, Tower Module}}, Fixed {Axis {Horizontal (HAWTs) [Up-wind, Down-wind], Vertical (VAWTs)}, Structure {Rotor Module, Nacelle Module, Tower Module}}}), Support Structure (Substructure (Steel), Foundation {Monopile, Jacket}), Electrical Infrastructure (Wires & Cables, Substation)), By Depth (0 – 30 m, 30 – 50 m, > 50 m), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, Spain, UK, France, Italy, Sweden, Poland, Denmark, Portugal, Netherlands, Ireland, Romania, Belgium, Austria, China, India, Australia, Japan, South Korea, Vietnam, Thailand, Philippines, Taiwan, South Africa, Egypt, Morocco, Ethiopia, Tunisia, Jordan, Brazil, Chile, Argentina, Uruguay), Competitive Market Share & Forecast, 2018 – 2024

https://www.openpr.com/news/1389666/Offshore-Wind-Energy-Market-to-hit-US-60bn-by-2024-By-Key-Vendors-Siemens-Gamesa-Senvion-MHI-Vestas-Offshore-Wind-Goldwind-Prysmian-Group-General-Cable-Furukawa-Electric-LatAm-Southwire-Nexans-LS-Cable-System-Sumitomo-ENERCON.html

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

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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