Press release
Smart Meters Market And Top Key Players are Echelon Corporation, General Electric, Toshiba Corporation
Market Dynamics
The growth driver of this market is government support and technological advancements in terms of smart grid development, infrastructure development, rise in population, etc. These reasons have led to installation of more and more smart meters and will rise in the future years.
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This market is very dependent on the type of logistics that drives it. Also it is seen that the installation costs are high for its users. Also there are several health effects due to wireless signals in meters, security and regulatory constraints that act as a hindrance.
Market Segmentation
Segmentation on the basis of the type of product includes smart electric meters, smart gas meters and smart water meters. It is also segregated into residential and commercial on the basis of its application.
Regional/Geographic Analysis
There is an expectation of growth of installation of new meters and upgradation of old ones in regions like Asia-Pacific and Western Europe. China and Japan will also show growth in demand in this sector. North America is expected to show slow growth as infrastructure for energy has already been well developed and future scope is less.
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Key Players
List of the major players in this market include Echelon Corporation, General Electric, Toshiba Corporation, Siemens AG, Holley Metering Limited and others.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
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