Press release
Global Smart Electric Meter Market Size, Industry Trends, Share and Forecast - 2018-2023
The global smart electric meter market size was estimated to USD 9,917 million in 2018 and expected to grow at a CAGR of 10.4% from 2018-2023. The growth of the market is attributed to favorable government initiatives and funding such as smart cities projects by European and Asia- Pacific’s (APAC) government. In India, the government planned to build 90 smart cities by 2022. Additionally, the British government had planned to install smart meter in every home by 2020. According to national renewable energy laboratory, in the US 60 million smart electric meters will be installed by 2019. The cohesive government policies and initiatives are driving the growth of the smart electric meter market. Concepts of smart home and smart cities and energy conservation by use of smart electric meters are also factors that are stimulating the market growth. However, lack of skilled workforce and reluctance by key end users to adopt new technology may hamper the growth of smart electric meter market. Moreover, interoperability issues and radio frequency emissions are also expected to restrain market growth to some extent. With favorable government mandates and legislations North America and Europe are expected to witness significant growth in smart electric markets.Request a free sample of our report on Global Smart Electric Meter Market: https://www.omrglobal.com/request-sample/smart-electric-meter-market
These regions are driven by energy efficiency targets which will boost smart metering. Furthermore, upcoming smart grid projects are fuelling the growth of smart electric meter market in this region. However, APAC is expected to be the fastest growing market as countries like China, Japan and South Korea have increased smart meter rollouts due to government initiatives and policies.
A full report of Global Smart Electric Meter Market Is available at https://www.omrglobal.com/industry-reports/smart-electric-meter-market
Global Smart Electric Meter Market segmentation
By communication technology
• Power line communication
• Cellular
• Radio frequency
By phase
• Single phase
• Three phase
By end user
• Residential
• Commercial
• Industrial
Competitive landscape
• Key strategies
• Key company analysis
Regional analysis
• North america
o United states
o Canada
• Europe
o Uk
o Germany
o France
o Italy
o Spain
o Rest of europe
• Apac
o India
o China
o Japan
o Rest of apac
• Rest of the world
Company profiles
• Aclara
• Echelon
• Elster group
• Ge digital energy
• Holley metering
• Iskraemeco
• Itron
• Kamstrup
• Landis+gyr
• Nuri telecom
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/smart-electric-meter-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.
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