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Smart Electric Meter Market 2020: Global Segments, Recent Trends, Sales Revenue, Competitive Landscape and Top Key Players Itron, Siemens, Landis+GYR, Circutor SA, ICSA (India) Limited, Iskraemeco, d.d., Honeywell, Badger Meter, Elster

Smart Electric Meter Market

Smart Electric Meter Market

As per estimates, U.S. smart electric meter market share is set to cross the billion-dollar mark by 2024. As per a EIA report in 2015, smart meter deployment across the residential sector in the U.S. stood at 40%. Also, the regional electric utilities registered an AMI (Advanced metering infrastructure) installations of over 70 million till 2016. UK on other hand is targets to deploy 50 million smart meters in 30 million households by 2020, with an aim to lower the domestic energy consumption by 5 to 15%.

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.

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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

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Itron
2. Siemens
3. Landis+GYR
4. Circutor SA
5. ICSA (India) Limited
6. Iskraemeco, d.d.
7. Honeywell
8. Badger Meter
9. Elster

Analyzing these geographical trends, it comes as no surprise the smart electric meter industry will bring about a revolution of sorts in the utility sector. Analysts deem that this business sphere is all set to witness steep growth with more than 190 nations taking part in the UN Climate Change Conference to reduce emissions. Toshiba's Landis+Gyr, Silver Spring Networks, Siemens, Itron, and Schneider are some of the prominent smart electric meter providers working in tandem with system integrators like IBM and Accenture to further take the global smart electric meter market size to new heights of expansion.

Smart electric meter market over the recent years has garnered considerable traction in the sustainable ecosphere. Endowed with improved connectivity & advanced features, smart meter technology has emerged as a viable alternative to conventional meters. Indeed, this extraordinary evolution from the conventional models to their smart counterparts has ensured a lucrative growth for the overall electricity sector, which is rather a focal vertical for the energy saving rollouts.

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DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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