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Smart Meter Market Segmentation on the basis of Product Type, Application, and Technology 2015-2025: FMI

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On a global scale, many countries are facing challenges to meet the growing demand for energy. Thus utilities are looking for innovative and efficient ways to manage generation, transmission and worldwide distribution of energy. Global smart meter m
Global Smart Meter
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and
Forecast,
2015
Future Market Insights
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Description
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On a global scale, many countries are facing challenges to meet the growing demand for
energy. Thus utilities are looking for innovative and efficient ways to manage generation,
transmission and worldwide distribution of energy. Global smart meter market consists of
digital electronic devices for measuring and two-way information sharing to manage and
control power consumption by customers. Customers also have the advantage of tracking
their energy consumption and billing through internet. Global smart meter market
demand is more in residential areas as compared to commercial areas and electric smart
meter is prominently used among the types of smart meters. Environmental concerns for
reducing carbon and energy wastage and for regulating supply of energy, are major
factors driving global smart meter market. Global smart meter market is anticipated to
grow with a single digit compound annual growth rate during the forecast period.
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Smart Meter Market: Drivers & Restraints
The major driving factor for the growth of global smart meter market is government
support and incentives, as utilities are initially reluctant to make huge investment in new
technology without their support. Technological advancements such as smart grid
development, infrastructure development, growing population and rise in economic
developments are some of the other factors boosting the growth of global smart meter
market. The successful deployment of global smart meter market is dependent on
logistics which influences the delivery, installation and performance of smart meter. The
Report
Description
Report Description
health effects concerning wireless signals in smart meter, security concerns, regulatory
constraints and stiff competition are some of the challenges faced by global smart meter
market.
Smart Meter Market: Segmentation
On the basis of product type, global smart meter market can be segmented into following
segments:
•Smart electric meter
•Smart gas meter
•Smart water meter
On the basis of application, global smart meter market can be segmented into:
•Residential application
•Commercial application
On the basis of technology, global smart meter market can be segmented into:
•Radio Frequency (RF)
•Power Line Carrier (PLC)
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Description
Report Description
Smart Meter Market: Region-wise Outlook
Global smart meter market is expected to exhibit healthy growth in Asia-Pacific and
Western Europe regions which is either due to increasing installation of new smart
meters as well as upgradation of the existing smart meters. China is expected to display
substantial progress of global smart meter market, as incorporated in its five-year
nationwide plan to upgrade its grid infrastructure. In Japan, large scale installation by
Tokyo Electric Power Company (TEPCO) started on 2014 which is expected to last during
the forecast period leading to increase in demand for global smart meter market. In
North, America, the growth of global smart meter market is expected to slower down as
infrastructure for energy is well developed and funding for the new projects has become
limited. In Latin America, global smart meter is set to exhibit steady growth of global
smart meter market, as compared to Middle East and Africa.
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Smart Meter Market: Key Players
Some of the key players in global smart meter market are: Aclara Technologies LLC.,
Echelon Corporation, Elster Group GmbH, General Electric, Holley Metering Limited,
Iskraemeco d.d., Itron, Kamstrup A/S, Landis+Gyr and Sensus.
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Author
apurva.d
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