PUNE, India, July 25, 2016 /PRNewswire/ --
The report "Smart Electric Meter Market by Communication Technology (RF, PLC, and Cellular), End-User (Residential, Commercial, Industrial), Phase (Single Phase and Three Phase) and by Region - Global Trends & Forecasts to 2021" published by MarketsandMarkets, The market is projected to grow from an estimated USD 8.84 Billion in 2016 to USD 14.26 Billion by 2021, registering a CAGR of 10% from 2016 to 2021.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 64 market data Tables and 46 Figures spread through 198 Pages and in-depth TOC on "Smart Electric Meter Market"
http://www.marketsandmarkets.com/Market-Reports/smart-electric-meter-market-244481146.html
Early buyers will receive 10% customization on this report.
Factors such as growing investments in transmission & distribution infrastructure and renewable energy integration to smart grid are driving the global Smart Electric Meter Market.
Residential the key end-user of smart electric meters
Smart electric meters primarily find major end-users in residential facilities. In 2015, the residential end-user segment was the largest segment of the Smart Electric Meter Market, and accounted for the largest share of the total market. The meters measure the electricity consumption and communicate this to the central utility system. The installations of these devices in the residential sector helps in reducing CO2 emissions globally as a consumer's inclination towards peak time savings of energy would increase. The increasing residential construction activities and government mandates like EU 20-20-20 policy, which aims to convert 80% of the installed meter base to smart one, have ensured the growth in the demand for smart electric meters.
Make an Enquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=244481146
Growing inclination toward three phase smart electric meters
The report also segments the Smart Electric Meter Market on the basis of phase into single and three phase. Three phase smart electric meters have received widespread acceptance in the past few years due to the rapid industrialization and commercialization. The three-phase Smart Electric Meter Market is expected to grow at the highest CAGR during the forecast period. Single-phase meters are less expensive than three phase ones giving three phase meters an edge over them.
Asia-Pacific is expected to dominate the Smart Electric Meter Market
In this report, the Smart Electric Meter Market has been analyzed with respect to six regions, namely, Asia-Pacific, North America, Europe, South America, Africa, and the Middle East. The Asia-Pacific is estimated to dominate the market, owing to factors such as industrialization, effective smart grid initiatives, high investments in the upgradation of transmission & distribution infrastructure, energy-efficiency measures, and renewable energy projects.
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Smart Electric Meter Market including Itron (U.S.), Siemens AG (Germany), Aclara Technologies LLC (U.S.), Schneider Electric SE (France), and Wasion Group (China). These players are trying to penetrate developing economies and are adopting various methods to increase their market share.
The report includes competitive landscape analysis for key companies. The report helps market participants to identify high-growth segments and assists them in making key investment decisions.
Browse Related Reports:
Smart Meters Market by Type (Smart Electric Meters, Smart Water Meters, Smart Gas Meters), by End User (Industrial & Commercial and Residential), & Region (Americas, Asia-Pacific, Europe & RoW) - Trends and Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/smart-meter-366.html
Power Metering Market by Application (Residential, Commercial & Industrial), by Phase, by type (Smart, Digital, Analog, & Others), & by Region (North America, South America, the Middle East Africa, APAC, & Europe) - Global Trend & Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/power-metering-market-135099363.html
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Connect with us:
MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
Share this article