What’s driving the smart electric meter market outlook? | by key players Itron, Wasion, Landis+Gyr, Toshiba, Echelon, Atmel Corporation, Schneider, Honeywell
The United Kingdom has been foremost among most regions, as far as the global shift toward a digital economy and energy efficiency is concerned. The regional government seems to have been extremely proactive in this regard, indeed, the Government of UK designed a policy framework for smart meters under the ‘Smart Metering Implementation Program’. The program encompasses the introduction of a roll-out target to install 50 million smart meters in 30 million households by 2020 and aims to reduce household energy consumption by 5% to 15%. Indeed, this strategic move has been majorly credited for UK smart electric meter industry gaining precedence over other regional counterparts.
Request for a sample of this research report @
Gemalto’s latest end-to-end security solution launch to protect the smart energy ecosystem vividly testifies how far smart electric meter market has come to progress. The solution is likely to be deployed by distribution system operators and smart meter makers, given that it provides secure digital identities, security lifecycle management for a longer product shelf life, and seamless connectivity solutions. Endowed with the ability to protect connected energy assets & the data they exchange and restore the trust of businesses on the expanding smart grid, this offer is likely to generate waves of anticipation in smart electric meter industry.
One of the pivotal factors responsible for this vertical to have progressed so far is the growing awareness regarding climate change and its hazardous impact on energy consumption and wastage. With energy efficiency becoming the global mantra, regional governments have been striving to strengthen regulations associated with GHG emissions, brainstorming strategies that would positively influence smart electric meter market trends. In line with the UN Climate Change Conference, specific renewable energy targets have so far been accepted by over 190 nations.
Pertaining to the escalating demand for sustainable energy sources and the dire need to reduce carbon emissions, smart electric meter market trends are likely to undergo a dynamic transformation in the ensuing years.
How APAC will evolve as a major growth ground for smart electric meter industry:
The region has been experiencing a shift toward renewable energy in the last few years, enabling the rapid penetration of smart technologies, especially across India and China. In 2016 for instance, China developed an investment hub for smart city as a part of country’s 12th and 13th five-year plan. The move has augmented the demand for effective electricity and water monitoring and ensured the distribution of funds to install smart meters across the nation’s water and electric networks, gradually propelling the regional smart electric meter market outlook.
Make an inquiry for purchasing this report @
In 2017, China held more than 70% of APAC smart electric meter industry share, powered by the shifting focus toward energy efficiency and the robust proliferation of smart technologies. The region’s growth across this vertical is also being aided by noteworthy organizations such as the Asian Development Bank, that is supporting the sustainable use of energy and the roll-out of smart meters in line with the adoption of renewable and smart-grid technologies.
The launch of the 2020 policy framework seems to have extensively accelerated the adoption of smart electric meters in the United Kingdom. As per estimates, between July to September 2017 alone, more than one million of these devices had been installed in homes and businesses in the UK. Nearly 1.2 million smart & advanced meters were installed in Q3 2017, including at least 665,000 electricity meters. Quite evidently, the robust installation of these devices in accordance with the stringent framework enforced by the government bodies such as the Department for Business, Energy & Industrial Strategy and the Office of Gas and Electricity Markets will send the shares of UK smart electric meter market soaring over the next few years.
Browse Full Report @ https://www.gminsights.com/industry-analysis/smart-electric-meter-market
Most of the industry players, in conjunction with regional governments and regulatory bodies, have been striving to achieve complete installation of smart meters over the next few years. Companies partaking in global smart electric meter market are often found acquiring local manufacturers to expand their business base and make their presence felt across myriad regions. For instance, Aclara Technologies took over the electric meter business from General Electric company in 2015, to primarily diversify its product offering. The competitive hierarchy of smart electric meter market, complete with some of the top-notch magnates such as Itron, Wasion, Landis+Gyr, Toshiba, Echelon, Atmel Corporation, Schneider, and Honeywell International is certain to grow highly aggressive in the ensuing years, enabling this vertical to garner commendable gains over 2018-2024.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What’s driving the smart electric meter market outlook? | by key players Itron, Wasion, Landis+Gyr, Toshiba, Echelon, Atmel Corporation, Schneider, Honeywell here
News-ID: 1780980 • Views: 393
More Releases from Global Market Insights Inc.
Light Linear Alpha Olefin Market foreseen to grow exponentially over 2025 | By T …
The research report on Light Linear Alpha Olefin market offers a comprehensive view of this industry with every crucial detail subject to its overall stance in the global landscape and its applications in myriad sectors. The report also provides insight to distinguished factors that are expected to potentially fuel the growth path of the industry in the upcoming years, along with laying emphasis on minute details of the ongoing trends
COVID- 19 to Impact Demand Growth of Shotcrete Accelerator Market | By key playe …
The research report on Shotcrete Accelerator market offers a comprehensive view of this industry with every crucial detail subject to its overall stance in the global landscape and its applications in myriad sectors. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/2092 The report also provides insight to distinguished factors that are expected to potentially fuel the growth path of the industry in the upcoming years, along with laying emphasis on
COVID- 19 to Impact Demand Growth of Carbon Textile Reinforced Concrete Market | …
The research report on Carbon Textile Reinforced Concrete market offers a comprehensive view of this industry with every crucial detail subject to its overall stance in the global landscape and its applications in myriad sectors. The report also provides insight to distinguished factors that are expected to potentially fuel the growth path of the industry in the upcoming years, along with laying emphasis on minute details of the ongoing trends
Application in plastics to foster pigments market demand worldwide | By key play …
Selbyville, Delaware, According to a new research report by the market research and strategy consulting firm, Global Market Insights, Inc, Pigments Market size estimated over USD 14.86 billion in 2018 and to reach USD 21.8 billion by 2026. Endorsed by a massive end-user spectrum, the potential of pigments has been increasingly recognized by many chemical industry players. The wide requirement of corrosion inhibition and color imparting across various expanding
More Releases for China
China is a growing Asian country and day by day many people migrate into the country for pursuing their personal needs. But going into China is not an easy task, we have to face some legal steps ahead. Let us define all this legal action in a single word China attestation. China government placed its embassies all over the world for ensuring the trustworthiness of the immigrant’s certificate. There
Packaged Water in China
ReportsWorldwide has announced the addition of a new report title Packaged Water in China to its growing collection of premium market research reports. Packaged Water in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Synopsis: Essential resource
Agrochemicals Market in China
ReportsWorldwide has announced the addition of a new report title China: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “China: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Global Color Steel Tile Market 2017 - South China, East China, Southwest China, …
Color Steel Tile Market Research Report A market study based on the " Color Steel Tile Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Color Steel Tile Market 2017’. The research report analyses the historical as well as present performance of the worldwide Color Steel Tile industry, and makes predictions on the future status of Color Steel Tile market on the basis
Telecom Cloud Billing Services Explore In Regions (South China, East China, Sout …
Big Market Research has added a report, titled, “China Telecom Cloud Billing Services Market Size, Status and Forecast 2022.” The report offers an extensive information and analysis of sales, production, revenue, key manufacturers, drivers & opportunities, and competitive scenario. Moreover, current industry trends and growth prospects are explored along with thorough analysis of each segment for the historic period, 2012–2017 and the forecast period, 2017–2022. The research also offers insights
Restaurant Markets in China
China’s demand for Restaurant has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over two decades. This new study examines China’s economic trends, investment environment, industry development, supply