LAS VEGAS, Nov. 21, 2017 (GLOBE NEWSWIRE) -- The latest trending report published by Crystal Market Research titled, Smart Electricity Meter Market, approximates that the Smart Electricity Meter Market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
The Smart Electricity Meter Market was worth USD 8.89 billion in the year 2012 and is expected to reach approximately USD 23.53 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 10.22% during the forecast period. In 2016 the worldwide smart electricity meters market size was evaluated at USD 6.59 billion. The smart energy meters are utilized to extend the reduce demand of peak electricity, likewise end-users can conveniently monitor the consumption of power daily and decrease it in like manner. Energy providers are additionally expected to pick up benefits through these gadgets, adjusting to their advantages of decrease in response time to determine power cuts and equipment faults, and enhanced client benefit conveyance because of remote perusing accommodations. Different smart meters rollout plots in various districts, for example, United Kingdom, United States, and positive government activities supporting establishment of these gadgets are anticipated to play a key part in industry development. Since production of energy utilizing sustainable methodologies shifts with time, low generation of power results in temperamental vitality profitability. Nonetheless, utilizing metering gadgets that are equipped for dealing with irregular supply help in making up for this loss by controlling energy utilization of different electronic gear.
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The report Smart Electricity Meter Market render a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Smart Electricity Meter Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.
Major Market Players
- Elster Group
- Schneider Electric
- Iskraemeco
- ABB Group
- Siemens
- Landis Gyr
- Holley Metering Ltd
- Itron
- General Electric
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| Table of Contents | |||||
| 1. | Introduction | ||||
| 1.1. | Report Description | ||||
| 1.2. | Research Methodology | ||||
| 1.2.1. | Secondary Research | ||||
| 1.2.2. | Primary Research | ||||
| 2. | Executive Summary | ||||
| 2.1. | Key Highlights | ||||
| 3. | Market Overview | ||||
| 3.1. | Introduction | ||||
| 3.1.1. | Market Definition | ||||
| 3.1.2. | Market Segmentation | ||||
| 3.2. | Market Dynamics | ||||
| 3.2.1. | Drivers | ||||
| 3.2.1.1. | Increased Government Initiatives to Install Smart Electricity Meters | ||||
| 3.2.1.2. | Increasing Need for Energy Security Globally | ||||
| 3.2.1.3. | Rising Need for Energy Efficiency & Conservation | ||||
| 3.2.2. | Restraints | ||||
| 3.2.2.1. | Electricity Theft Concern | ||||
| 3.2.3. | Opportunities | ||||
| 3.2.3.1. | Emerging Markets to Offer Lucrative Growth Opportunities | ||||
| 4. | Smart Electricity Meter Market, By Application | ||||
| 5. | Smart Electricity Meter Market, By Region | ||||
| 6. | Company Profiles | ||||
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Report’s Magnitude:
This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.
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