Press release
Smart Meters Market Happy With Trend of Rising Household Need to Track Usage of Water & Power
Ordinarily, individuals have kept track of their household energy consumption patterns in a manual fashion. But rapid pace of technological innovation has enabled many human tasks to be undertaken by machines, which have popularly been termed as smart machines. One such advancement has been put forward by the Smart Meters Market.Smart meters basically replace the existing meters and operate by transmitting meter readings in real-time to the energy supplier. This is one of the key growth drivers of the Smart Meters Market. A smart energy meter can provide readings for water, gas and power consumption of a household or property. One of the key components of a smart electric meter is the energy monitor which shows displays the consumption levels as well as the associated costs and can be installed anywhere in a home for easy access and reference. Such a reading from an electric smart meter will allow consumers to modify their consumption patterns and help them in being more judicious with their usage.
Make an Inquiry @ http://industryarc.com/inquiry-before-buying.php?id=15161
Scope & Regional Forecast of the Smart Meters Market
The Americas currently holds the highest share in the Smart Meters Market. In North America, the U.S. is the biggest market and is anticipated to retain its dominant smart meter installation share till the end of the forecast period. Most of the Western or developed countries are aiming to replace their outdated power infrastructure with energy smart meter installations in an effort to enhance the reliability of their respective grid. Rising awareness among the general with regards to advantages that come along with smart meters is also expected to be a key future growth driver.
Some of the other factors driving the expansion of the Smart Meters Market are as follows: implementation of tighter government regulations regarding meter readings and energy consumption, growing adoption of smart grid technology, growing need for managing energy in a smarter way, more investments in energy infrastructure with the aim of upgrading technology, and the urgent need to improve distribution efficiency, especially in developing countries like India.
Segmentations & Key Players Involved in the Smart Meters Market
According to IndustryARC findings, the Smart Meters Market can be broken down into various segmentations on the basis of –
Type: Electric meter, Water meter and Gas meter.
End Users: Residential, Commercial and Industrial.
Geography: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Smart Meters Market according to IndustryARC are as follows:
Smart Instruments Co. Pvt. Ltd
Energy Intellect Ltd
Smart building services Pvt. Ltd
Triacta power solutions LP
Fenghua sanlian water meter co., Ltd
Request For TOC @ http://industryarc.com/pdfdownload.php?id=15161
About IndustryARC:
IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Media Contact
Contact Person:Venkat
Email: sales@industryarc.com
Phone: 1-614-588-8538 (Ext: 101)
Company Name: IndustryARCTM
Connect with us on LinkedIn @ http://www.linkedin.com/company/industryarc
Get More Insights on Reports @ http://goo.gl/Ga7fq7
IndustryARC
Plot No. S-1, Serial No. 1043 & 1048,
Phase -1 & 2, Opp. BSNL Office,
KPHB, Kukatpally,
Hyderabad, Telangana 500072
Email: sales@industryarc.com
Tel: (+91) 040-64621234, +1-614-588-8538
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 Meters Market Happy With Trend of Rising Household Need to Track Usage of Water & Power here
News-ID: 662638 • Views: …
More Releases from IndustryARC
Professional Diagnostics Market Size to Grow at a CAGR of 6.3% During the Foreca …
Professional Diagnostics Market size in 2020 is estimated to be $45 billion, growing at a CAGR of 6.3% during the forecast period 2021-2026. Professional diagnostic is the diagnostic method which are used for faster detection of various diseases such as tuberculosis, cancer, malaria, and others. The main purpose of professional diagnostics is to diagnose or monitor disease in early condition so that treatment can be started so that this diagnostic…
Body Dryer Market Size to Grow at a CAGR of 6.0% During the Forecast Period 2021 …
Body Dryer Market size was valued at $2,978 million in 2020 and is anticipated to reach $5,143 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The Body Dryer industry growth rate is attributed to the rising need to reduce medication errors and development of automated systems with improved features and is likely to new opportunities. Body dryers are type of air…
India P2P Lending Market Size Forecast to Reach $10.5 Billion by 2026
The India P2P lending Market size is forecast to reach $10.5 billion by 2026, after growing at a CAGR of 21.6% during the forecast period 2021-2026. The Peer to Peer Lending Market growth is attributed to increasing transparency in P2P lending with technologies such as block chain and smart contracts being incorporated into lending platforms. The Indian Government’s enthusiastic promotion of cashless technologies has also managed to restructure the financial…
Cloud Relational Database Market Forecast to Reach $18.8 Billion by 2026
Cloud Relational Database Market is forecast to reach $18.8 billion by 2026, after growing at a CAGR of 38.4% during 2021-2026. With rise in the adoption of IoT technologies and the usage of cloud database for computing in various organizations for different applications is analyzed to boost the Cloud Relational Database Market. Moreover, the cloud databases provide the customers with improved performance, service resilience and so on, thereby enhancing the…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide.
This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.
The study objectives of this report are: To study and forecast the market size of Smart…
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices.
The global IoT device management market is…
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry.
“The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to…
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally.
Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as…
