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Smart Meters Market 2019: Segmentation, Key Manufacturers, Growth, Demand, Supply and Forecast to 2026

07-16-2019 02:15 PM CET | Energy & Environment

Press release from: Allied Market Research

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.

Download Sample Report: https://www.alliedmarketresearch.com/request-toc-and-sample/964

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in the North America driven by the huge market demand in the U.S. The country is focusing on upgrading and replacing outdated infrastructure, enabling grid reliability, and installing smarter power networks.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 Inc., Landis+Gyr, Schneider Electric SA, Siemens AG, Badger Meter , ICSA India Limited, Circuator SA , EDMI, Holley Metering Limited , Neptune Technology Group Inc., Sensus, and Honeywell International Inc.,

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.

SMART METERS MARKET KEY SEGMENTS:
Smart Meters Market By Type:
• Smart Electric Meters
• Smart Water Meters
• Smart Gas Meters

Smart Meters Market By End User:
• Industrial & Commercial Smart Meters Market
• Residential Smart Meters Market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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