openPR Logo
Press release

Smart Electric Meter Market 2020 by Historical Growth & Regional Forecast T0 2024 | Itron, Siemens, Landis+Gyr, Schneider Electric SE, Honeywell Elster, Osaki, Badger Meter, Inc., Aclara Technologies LLC, Neptune Technology Group, Inc., Sensus, Kamstrup,

03-23-2020 08:21 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Smart Electric Meter Market

Smart Electric Meter Market

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%.

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 market gaining precedence over other regional counterparts.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1503

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.

Shifting trends toward effective monitoring, utilization, and measurement of resources to limit the overall challenges of energy will fuel the smart electric meter market growth. Monitoring and Metering have been an essential tool for the efficient energy management and measurement. Further, these provide building operators & owners with the information to improve the building energy performance.

The year 2017 witnessed China accounting for more than 70% of smart electric meter market share across the Asia Pacific belt. Reports claim that the country's 12th and 13th five-year plan that includes development of smart cities has generated extensive demand for effective water and electricity monitoring, which in turn have positioned China into a favorable business ground for smart electric meter market players. Add to it, the Asian Development Bank's support in smart meter rollouts in line with the adoption of smart grid & sustainable technologies have phenomenally impacted the regional trends.

Make an inquiry for purchasing this report @ https://www.decresearch.com/inquiry-before-buying/1503

Major players across the industry include Iskraemco, Circutor, Apator, Kamstrup, Aclara, Neptune, Sensus, Badger Meter, Honeywell International, Osaki, Schneider, Itron, Siemens, and Landis+Gyr.

About Us
DecResearch.com, powered by GMI, 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. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.

Contact Us
DecResearch.com
Website: - https://www.decresearch.com/
Email: info@decresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 Smart Electric Meter Market 2020 by Historical Growth & Regional Forecast T0 2024 | Itron, Siemens, Landis+Gyr, Schneider Electric SE, Honeywell Elster, Osaki, Badger Meter, Inc., Aclara Technologies LLC, Neptune Technology Group, Inc., Sensus, Kamstrup, here

News-ID: 1980703 • Views: 324

More Releases from Global Market Insights

Industrial Air Filtration Market to cross USD 7 Bn by 2025, Key Players are Pall …
Number of manufacturers and suppliers such as Camfil, AAF, Freudenberg Group, Clarcor, SPX, Cummins Filtration and Donaldson are involved in product research & development activities and investments. Industries have been producing new innovative raw materials and fibers that provide a high degree of filtration, expanding the scope and reliability of the filters. Global industrial air filtration market size will surpass USD 7 billion by 2025. The European Union had to intervene
What's Driving the Construction Equipment Market Trends? Liebherr Group, Caterpi …
The Asia Pacific construction equipment market will witness a strong growth owing to the growing government focus toward the construction sector. Initiatives, such as Make in India and Made in China 2025, supporting the infrastructure sector will favor the industry growth. Initiation of projects, such as South-North Water Transfer Project in China, will propel the industry demand in the region. The development of smart city projects in Singapore will surge
Animal Drugs Market | Cumulative Growth by Top Players Bayer, Virbac, Dechra Pha …
North America animal drugs market accounted for more than 37% of the overall market revenue share back in 2018. The region is also projected to witness lucrative growth through 2025. This growth can be credited to the rising focus of regional organizations on new drug development to treat several chronic diseases found in animals. Based on Global Market Insights, Inc., estimates, the animal drugs market size is set to exceed
Air Duct Market 2020 Trends by Leading Players: Ruskin Titus Gulf LLC, Deflecto, …
Rising implementation of HVAC systems in commercial and residential buildings coupled with increasing construction activities in the emerging economies of Asia Pacific and the Middle East & Africa is positively augmenting the demand for air duct market. Also, increasing consumer awareness regarding the construction of green buildings is further expected to upsurge the consumption of airducts. Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/2339 Air ducts offer superior

All 5 Releases


More Releases for Meter

Global Humidity Meter Market Research
Global Humidity Meter Market Research the reason for a hygrometer or moistness meter is for observing or estimating the dampness substance of the air to interpret mugginess. The counts of the different estimations of stickiness can be very unpredictable. Significant utilization of meters incorporate nurseries and modern spaces where moistness is a central point for activities. Dampness meters are additionally utilized in a few hatcheries, saunas, humidors and exhibition halls.
Global Water Meter Market | MarketResearchReports.biz
Latest industry research report on: Global Water Meter Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts The water meter market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast period and 2015 is the base year. The report covers all the major trends and technologies playing a key role in water meter market growth over the forecast
MAAT Modernizes TT DR Offline Meter
Company announces release of a contemporary recreation of the DR dynamic range stand–alone app MAAT Incorporated, a manufacturer of exceptional performance professional audio solutions, today announced the release of DROffline version 1.0, a native metering application for stereo tracks and albums. DROffline, a faithful recreation of the legendary TT DR Offline Meter for modern computers, addresses an unfulfilled need for all engineers and audiophiles concerned with dynamic range issues. Available for both
MAAT Reincarnates TT DR Meter
Company announces release of a contemporary recreation of the DR dynamic range metering plug–in MAAT Incorporated, a manufacturer of exceptional performance professional audio solutions, today announced the release of DRMeter version 1.0, a universal metering plug–in for stereo bus masters. DRMeter, a faithful recreation of the legendary TT DR Meter for modern production environments, addresses an unfulfilled need for all engineers concerned with dynamic range issues. Available for all major plug–in formats,
Smart Gas Meter Market Outlook 2017- Trilliant, Sensus, Billion, Wasion, Meter I …
A market study ” Global Smart Gas Meter Market ” examines the performance of the Smart Gas Meter market 2017. It encloses an in-depth Research of the Smart Gas Meter market state and the competitive landscape globally. This report analyzes the potential of Smart Gas Meter market in the present and the future prospects from various angles in detail. The Global Smart Gas Meter Market 2017 report includes Smart Gas Meter
Global Smart Meter Market (Electricity, Gas, Water): By Type - Smart Electricity …
MarketResearchReports.Biz adds “Global Smart Meter Market 2011 Share, Size, Trends and Forecast to 2022 Market Research Report” reports to its database. This report provides a strategic analysis of the Smart Meter market and the growth estimates for the forecasted period. Global rise in energy demand along with the emerging trends in smart grid technologies, integration, and advanced infrastructure along with IoT (Internet of Things) has led to the growth of Smart