Smart Meters Market 2019: Segmentation, Key Manufacturers, Growth, Demand, Supply and Forecast to 2026
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.
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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in the North America driven by the huge market demand in the U.S. The country is focusing on upgrading and replacing outdated infrastructure, enabling grid reliability, and installing smarter power networks.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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