Press release
Smart Metering Systems Market to hit USD 38 billion by 2024: Market Size Forecasters
The market research report ‘Smart Metering Systems Market size will exceed USD 38 billion by 2024, as reported in the latest study’ aims to offer insights into new business opportunities for companies active in Smart Metering Systems Market as well as for those players that are aiming to get an entry into the industry.Smart Metering Systems Market size will exceed over USD 38 billion by 2024; per a new research report.
Increasing need for accurate billing and consumption pattern mapping coupled with rising prices of resources including water, electricity and gas will drive the global smart metering systems market size by 2024. Scarcity of available resources has laid emphasis on reducing wastage and controlling emission levels.
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AMI is set to exceed USD 19 billion by 2024. Adoption of AMI are low subject to its high acquisition and installation costs. AMR is predicted to grow over 13% over the forecast timeline owing to its wide adoption and mature technology.
The 2015 U.S. smart metering systems market size was valued over USD 5 billion and is set to witness high gain on account of strict norms towards energy management and accurate billing. Growing measures towards energy conservation and efficiency will further boost the industry growth.
For Europe, UK smart metering systems market share is predicted to grow over 16% by 2024. Government of United Kingdom initiated the National Smart Meter Roll Out programme which aims at installing smart systems in every home in England, Scotland and Wales by 2020. Recommendation 2012/148/EU mandates increasing adoption of these products coupled with large-scale roll out in regions with positive cost benefit results.
China smart metering systems market size is forecast to exceed USD 9 billion by 2024. The State Grid Corporation of China has aimed to install more than 380 million smart systems by 2020 in line with the government plan.
The listed pricing for this Smart Metering Systems Market report starts at $ 4500. Request Discount for Smart Metering Systems Market Research Report @ https://marketsizeforecasters.com/enquire-for-discount/45393/?utm_source=OPR-AN
For MEA, Lebanon could grow over 9% during the forecast period. In 2014, Electricité Du Liban (EDL) announced a plan to roll out more than 1 million of these products as part of a USD 200 million programme to overhaul the existing technology and provide accurate billing service.
Mexico smart metering systems market share in terms of volume is set to exceed 6 million units by 2024. In 2016, state-owned Comision Federal de Electricidad (CFE) awarded a contract for a roll out of 96,000 advanced meters in the region, positively influencing the business outlook.
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