Smart Meter Marketembed
Smart Meter Market provides profiles of leading players in the market based on the following parameters company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies.
Smart Meter Market Enhancement and Growth Rate Analysis 2026 Smart Meter Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. Smart meter is a device used for recording use of electrical, gas, and water energy. Smart meter interfaces with supplier to communicate the information for monitoring and billing. Smart meters commonly record energy hourly or more often, and report at least daily. It features display screen, which displays consumption of energy in real-time and provide estimated bills. Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/2076 Factors Driving Growth of the Global Smart Meter Market Growing demand for accurate billing and increasing efforts towards energy conservation is expected to fuel growth of the global smart meter market. Smart meter digitally sends readings to the energy supplier for more accurate energy bills. It allows the consumer to take control on energy use, so that consumers can save energy for other purposes such as in industries and medical equipment. Smart meter helps the environment by reducing the need to build power plants or avoiding the use of older, less efficient power plants as consumers lower their electric demand. The benefits of having smart meter is when suppliers have a better understanding of usage patterns, more innovations can be made to the types of tariffs energy supplier offers. Favorable government policies along with fiscal incentives are key factors driving growth of the smart meter market. According to Smart Energy GB, the government has set the target that by the end of 2020, around 53 million smart meters will be fitted in over 30 million premises across wales, Scotland, and England. Installation of smart meter is already underway. More than 11 million smart meters have now been installed. This is the biggest national infrastructure project that will enable a more energy efficient system for Great Britain. By 2020, every household in Great Britain will be able to use smart meter technology to see how much energy is consumed. Factors Restraining Growth of the Global Smart Meter Market Concerns over security and privacy of the data as smart meters are also being used as a surveillance device hampers their adoption. Operational cost of the industry is expected to be affected by the full metering programme. These meters require regular maintenance, and replacement, which is expected to lower their adoption among price-sensitive users. Regional Analysis of Smart Meter Market On the basis of geography, the global smart meter market is segmented into North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa. North America contributed the largest share in the smart meter market due to huge market demand in the U.S. According to U.S. Energy Information Administration (EIA), in 2016, the U.S. electric utilities had around 70.8 million Advanced Metering Infrastructure (AMI) installations and around 80% of the AMI installations were residential. The country is majorly focused on upgrading and replacing outdated infrastructure of smart meter, enabling grid reliability, and installing smart power networks. Browse more about the research report @ https://www.coherentmarketinsights.com/ongoing-insight/smart-meter-market-2076 Asia Pacific is expected to witness significant growth in the smart meter market due to supportive government initiatives toward the implementation of smart meters. According to the Energy Information Administration (EIA), China exceeded the US in federal smart grid subsidies for the first time in 2010, with over US$ 7.3 billion invested compared to US$ 7.1 billion in the U.S. Growing residential sector with increasing number of water connection is in turn driving growth of smart meters market. According India Smart Utility Week 2019, Government of India plans to implement 14 smart Grid pilot projects by 2019. Key players in the Global Smart Meter Market Some of the key players operating in the smart meter market include Schneider Electric, Siemens AG, Honeywell International, Inc., Itron Inc., Sensus , Elster Group GmbH , Landis+Gyr , Badger Meter, Inc., EDMI Limited, and Sentec. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]