[email protected]
We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. | × |
---|
Understand the COVID-19 Outbreak and its impact on global & regional businesses
request free proposal
Insights on a world turned upside down : Re-imagining
The post-COVID19 Business resilience & recovery
How effective strategies and business recovery plans are winning the race
request free proposal
Goldstein Market Intelligence help you navigate through the COVID-19 crisis,
we will provide you most relevant market insights on crisis management,
recovery strategy & business continuity.
2020-02-04
652
Global
Smart Meter or next generation utility meters plot a good example of transformative potential for machine-to-machine technology as it emancipate the consumers by bestow the feedback on energy usage and helping them to monitor, manage and reduce the energy consumption. Telefonica is the communication service provider for UK smart meter implementation programme, this initiative is expected to deliver a net benefit of USD 7.9 billion through installing over 53 million smart meters across the UK by 2020 and reducing energy consumption along with management and deployment of energy across the country.
On the basis of type, smart electricity meters hold the market share of 40% of global smart meter market in 2017 while smart gas meter is estimated to attain the highest CAGR of 8.5% over the forecast years owing to rising adoption of smart grid setups.
Based on geography, APAC dominate the smart meter market with almost 35% market share as China is gearing towards sustainable energy management with substantial reserves for smart grid implementation in its 13th Five Year Plan (2016-2020). Europe is expected to hold the futuristic opportunities owing to the installments of 182 million smart meters over 2016–20, amounting to USD 37.8 billion of investment. Likewise in Japan, 55 million meters, costing USD 16.6 billion, will be installed from 2016 through 2020.
According to our global market study on the basis of extensive primary and secondary research: “One trend in market is the convergence of smart metering and distribution automation has long been under way. For instance, North American utilities have successfully integrated AMI data with other operational technologies such as outage and distribution management systems and of the 11 largest smart metering projects, seven use meter data for outage management, six for theft detection and four for asset management – and almost all the rest are in the process of doing the same or planning to.”
According to the report, major driving factor for expansion of smart meter market is metering data is more integrated and has growing application as utilities in emerging economies are exploring the use of smart meters for applications ranging from grid reliability to theft detection.
Further, the report states that the major challenge is weak policy support and low penetration rates, for example in Europe, small distribution utilities represent a slither of the overall market and one notable exception is Germany, which has 48 million electricity customers and almost 900 distribution operators. However, Germany is a laggard on smart metering and is not anticipated to widespread investment until the mid-2020s.
The report covers the present ground scenario and the future growth prospects of the Smart Meter Market for 2017-2025 along with the adoption rate of smart grid among all the regions and investments for the installations of smart meter. We calculated the market size and revenue share on the basis of revenue generated from major players and sales of smart meter from major players across the globe.
Smart Meter Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Smart Meter market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our global Smart Meter Market report comprises of the following companies as the key players in the Smart Meter Market.
Other high-flying vendors in the market are: Xemtec, Secure Together, Kamstrup, Sagemcom and Iskraemeco.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For a full detailed overview, send here request for market report sample.
We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
OR Call Us:+1-646-568-7747Global Biogas Plant Market Outlook 2024, Global Opportunity and Demand Analysis, Market Forecast, 2016-2024
Global Fuel Cell Market Size, Share, Trends, Growth opportunities, Restraints, Key players & Demand Analysis by Fuel Cell Type & By Fuel Cell Application with Regional Outlook & Forecast to 2024.
Global Industrial Water Purifier Market Report by Product, by Distribution Channel, by Gender, & by Region with Forecast 2017-2030
Global Smart Grid Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024
Textile Waste Management Market Analysis by By Waste State, by Solution & by Application with Regional Outlook & Forecast to 2024