Industry Research by Koncept Analytics
Global Smart Metering Market (Electricity Gas & Water): Industry Analysis & Outlook ----------------------------------------(2017-2021) November 2017
Global Smart Metering Market (Electricity Gas & Water): Industry Analysis & Outlook (2017-2021)
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Executive Summary Smart meters, enabling two-way communication, provide energy consumption data to both utilities and consumers. These smart meters prove to be the most energy efficient systems which provide accurate energy usage and bills and also eliminate the cost of manual labor force to conduct repeated checks. Smart meters are one of the three key elements of advanced metering infrastructure. A smart meter is an electronic energy meter that records energy consumption and transmits data to and from the utility company frequently, thereby, allowing direct meter reading and data analysis. These meters have helped in addressing the needs for power grids. Smart meters are broadly of three types i.e. smart electricity meters, smart gas meters and smart hot/cold meters. United States is one of the largest market for smart meters, but most growth potential at present is held by EMEA region because of compulsory government mandates and polies regarding renewable energy. The global spending on smart meters is increasing at a robust rate and the factors responsible for the overall market growth include new housing starts, increased penetration of smart meters, urbanization and economic growth. The key trends of the market include industry consolidation and increased focus of major companies on research and development (R&D). The market is largely challenged by technology evolution threat and increased competition from Chinese peers. The report offers an in-depth analysis of the “Global Smart Metering Market: Industry Analysis & Outlook (20172021)�. Major companies that have been covered in the report include Landis+Gyr Group, Itron, Inc., Sensus (Xylem), Silver Spring Networks. Global Smart Metering Market (Electricity Gas & Water): Industry Analysis & Outlook (2017-2021)
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Rise in urban population or more broadly the process of urbanization has proved to be a major growth driver for the global smart meters market. Global Smart Meter Market by Value (2012-2016)
Global Smart Meter Market Forecast by Type (2021)
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The global smart meter market value was recorded at US$.. billion in 2016, increasing from US$.. billion in 2012. The market grew at a CAGR of ..% for the period spanning 2012-2016.
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Global smart metering market is expected to be dominated by smart electricity meters with % share by 2021, followed by smart gas meters with % share in the same years.
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The global smart electricity meter market is expected to be valued at US$.. billion by 2021, increasing from US$.. billion in 2016. The market is likely to grow at a CAGR of ..% for the period spanning 2016-2021.
Global Smart Electricity Meter Market Forecast by Value (2016-2021)
Global Smart Metering Market (Electricity Gas & Water): Industry Analysis & Outlook (2017-2021)
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Global Smart Metering Market is set to see robust growth especially from EMEA region due to government mandates and policies to adopt smart meters by 2020. Global Smart Meters Investment Value (2012-2016)
Global Smart Meters Investment Share Forecast by Region (2021)
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The global spending on smart meters reached US$.. billion in 2016, increasing from just US$.. billion in year 2012.
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By 2021, China is expected to make highest spending/investment on smart metering systems and is therefore expected to account for ..% share, followed by Japan and Korea with ..% share and ..% share respectively.
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The UK is expected to account for largest share in EMEA region’s spending on smart meters by 2021. It is likely to account for ..% share of the total spending followed by France with ..% share in the same year as mentioned above. EMEA’s Investment on Smart Meters Forecast by Region (2021)
Global Smart Metering Market (Electricity Gas & Water): Industry Analysis & Outlook (2017-2021)
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