openPR Logo
Press release

Smart Meters Market to Witness Comprehensive Growth by 2025

01-29-2018 09:33 AM CET | Energy & Environment

Press release from: TMR Research

Smart Meters Market to Witness Comprehensive Growth by 2025

Global Smart Meters Market: Overview

Smart meters are electronic devices that keep track of electric energy, gas, and water consumption in uniform time intervals and sends the information digitally to utility for monitoring and billing. They have been designed to better understand energy usage and ensure accurate energy bills. Besides this, they are also effective in controlling the levels of radioactive emissions in the eco-system. Smart meters are used for electricity, gas, and water and can be deployed across residential, industrial, and commercial sectors. These meters use technologies such as advanced metering infrastructure (AMI) and automatic meter reading (AMR).

Global Smart Meters Market: Key Trends

Government policies are playing a vital role in the growth of the global smart meters market. The ever-rising demand for energy in form of electricity is compelling governments worldwide to pay attention to not just its production and transmission but also keep a check on losses due to theft and leakage. This is promoting the installations of smart meters across the globe. In addition, the growing emphasis on energy and water conservation is augmenting the market. The global smart meters market is also supported by the increasing deployment of smart grid. Furthermore, the rising awareness regarding environment conservation is stoking the growth of the global market.

Request Sample Copy of the Report@ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2447

On the flip side, the lack of awareness among consumers is limiting the widespread adoption of smart meters. Moreover, the high cost of installation makes end users less willing to switch to these meters from traditional meters, thereby hampering the growth prospects of the market.

Global Smart Meters Market: Market Potential

The majority of key players in the global smart meters market are enjoying the encouraging policies by governments in several parts of the world to set up smart meters. For instance, with the digitization of the Energy Turnaround Act in July 2016 in Germany, the legislation established guidelines for initial smart meter rollout, which is set to begin in 2017. These guidelines lay the foundation for a new phase in Energiewende. Similarly, in the U.K. in July 2016, British Gas decided to offer free daytime electricity for one day per weekend to over 2 million customers who had smart meters deployed. Such initiatives encourage people around the world to deploy smart meters, thereby boosting the sales.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=2447

Global Smart Meters Market: Geographical Segmentation

The North America market for smart meters is a highly lucrative marketplace for global participants. Continuous efforts by governments to improve the infrastructure pertaining to electricity, water, and gas supply along with deployment of devices that monitor and prevent their leakage are escalating the growth of the region. Governments in several parts of the U.S., and Mexico are rolling out smart meters at subsidized prices, which in turn is encouraging the growth of the market in North America.

Asia Pacific, on the other hand, is an emerging market. The robust growth of the industrial sector and the pressing need for reliable systems to address growing electricity and water scarcity are driving the region. Besides this, the increasing investments in repairing and upgrading aging infrastructure and the booming concept of smart city are supplementing the growth of APAC.

Get Discount @ https://www.tmrresearch.com/sample/sample?flag=D&rep_id=2447

Global Smart Meters Market: Competition Scenario

The high capital investment and technical acumen required for the manufacturing and distribution of smart meters is restricting new players from venturing into the global smart meters market. However, government regulations and strategic partnerships could help new players in overcoming high entry barriers. To deal with the high competitive rivalry, players are resorting to strategies such as product innovation and mergers and acquisitions. Some of the key companies operating in the global smart meters market are Itron Inc., Kamstrup A/S, Holley Metering Ltd., Landis+Gyr, Honeywell International Inc., and Toshiba Corporation.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
Email: sales@tmrresearch.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 Meters Market to Witness Comprehensive Growth by 2025 here

News-ID: 919532 • Views: 115

More Releases from TMR Research

LTE IoT Market Global Industry Growth Analysis by 2018-2028
LTE IoT is gaining immense traction on account of its unmatched scalability for connecting multiple enterprise, industrial, and consumer IoT applications. LTE IoT facilitates enhanced communication and connection in a much more enhanced and secured way, which is a key factor leading to drastic transformations across industries. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4851 LTE IoT is enabling a massive inflow of smart and connected devices, which would of great importance
5G Fixed Wireless Access Market Growth Forecast 2018-2028 | Industrial, Governme …
5G fixed wireless access or 5 FWA is witnessing sheer proliferation on account of use as an add-on to the existent mobile broadband framework. Investments in FWA is on a significant rise, notably across areas wherein fiber, copper, and hybrid infrastructures are getting rapidly replaced. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4854 Growing need to update or refurbish the existing infrastructure is also one among the key factors boosting adoption of
Splenomegaly Therapeutics Market Forecast 2018-2028 | Novartis AG, Sanofi, and I …
Global Splenomegaly Therapeutics Market: Overview The demand within the global market for splenomegaly therapeutics has been rising on account of advancements in the field of spleen-care. Unusual enlargement of the spleen due to a variety of reasons results in a condition known as splenomegaly. The adverse effects of splenomegaly on human health have paved way for the growth of the global splenomegaly therapeutics market. The spleen is located upper left quadrant
Interferons Market Future Trends 2028 | Hoffmann- La Roche Ltd, Merck Sharp & Do …
Global Interferons Market: Overview The global interferons market is predicted to rise at a steady growth rate in the forthcoming years. Advances in basic research for interferons has revealed the various action mechanism of interferons, which predominantly include biological activities such as antiviral effects, cell growth inhibition, and immune regulation. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4950 The discovery of interferons is a breakthrough in viral studies. Discovered by Isaacs &

All 5 Releases


More Releases for Smart

Smart Solutions
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
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
Smart Mirrors
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
Powered Smart Cards
In terms of consumption, the global powered smart card market stood at 2,049.1 Mn units in 2015 and is expected to register a volume CAGR of 59.2% to reach 5,640.6 Mn units by 2024 end. In a new report titled “Powered Smart Card Market: Global Industry Analysis & Forecast, 2016–2024”, Persistence Market Research studies the performance of the global powered smart card market over an eight-year forecast period (2016 –
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 …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency