Global Smart Electric Meter Market to surpass $11 billion by 2024: Global Market Insights Inc. The report “Smart Electric Meter Market Size By Application (Residential, Commercial, Utility), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Italy, France, UK, Sweden, Portugal, China, Japan, South Korea, India, Australia, UAE, Saudi Arabia, South Africa, Lebanon, Egypt, Mexico, Brazil, Uruguay, Argentina), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” by Global Market Insights, Inc says that global smart electric meter market size is set to exceed USD 11 billion by 2024. Commercial smart electric meter market shipments could exceed 30 million units by 2024. Growing demand for accurate billing coupled with efforts towards energy conservation will augment the global smart electric meter market growth. Rapid development of electricity network along with growing investment in smart grid will further complement the business landscape.
Increasing energy prices and growing instances of electricity theft will further boost product demand. According to a 2013 IMF report, global electricity theft was over USD 100 million. Rising concerns towards accuracy in billing among end users may positively influence the industry size. The American Recovery and Reinvestment Act (ARRA) mandating strict regulations towards accurate billing along with increasing electricity demand will stimulate the U.S. smart electric meter market size. The U.S. Department of Energy and ARRA jointly invested USD 30 billion in 2009, to give an impetus to a wide range of sustainable energy projects and upgrade existing smart grid networks in the region. Stringent regulations towards adoption of intelligent systems to precisely track electricity consumption will augment the smart electric meter market share. European Union Directive 2009/72/EC mandates member countries to undertake initiatives which will increase consumer awareness towards the benefits of adopting these products. Directive 2014/724/EU provides guidance to regulators on safeguarding and protecting consumers’ consumption data.
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UK Smart Electric Meter Market Size, By Application 2015-2024 (Million units)
Browse key industry insights spread across 190 pages with 304 market data tables & 9 figures & charts from the report, “Smart Electric Meter Market” in detail along with the table of contents, please click on the link below: https://www.gminsights.com/industry-analysis/smart-electric-meter-market
Segmentation of Smart Electric Meter Market
Smart Electric Meter Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Unit Shipments) and revenue (USD) from 2013 to 2024, for the following segments: •
Global Smart Electric Meter Market, By Application o Residential o Commercial o Utility • Global Smart Electric Meter Market, By Technology o AMI o AMR The above information is provided on a regional and country basis for the following: • North America o U.S. 2|Page
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o Canada Europe o Germany o Italy o France o UK o Sweden o Portugal Asia Pacific o China o India o South Korea o Japan o Australia Middle East & Africa o Saudi Arabia o South Africa o UAE o Lebanon o Egypt Latin America o Mexico o Brazil o Uruguay o Argentina
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com Blog: https://gminsights.wordpress.com Connect with us: Facebook | Google+ | LinkedIn | Twitter
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