SELBYVILLE, Del., Aug. 31, 2020 /PRNewswire/ -- Global Market Insights, Inc. has recently added a new report on smart electric meter market which estimates the global market valuation for smart electric meter will cross US$ 12 billion by 2026. Rapid industrialization and growing electricity demand from commercial and residential sector are expected to drive the industry growth. Expansion of existing grid infrastructure coupled with increasing investments toward digitalization of the electrical systems will be another growth driving factor. Ongoing electrification programs along with shifting focus toward adoption of energy efficient technologies will favour the business scenario.
Rising infrastructure spending coupled with surging investment toward modernization & digitalization of healthcare services will stimulate the adoption for AMI technology. Ongoing commercialization has witnessed a substantial trend favoring the automation of meters to cater non-revenue electricity and minimize power thefts which in turn will augment the business landscape.
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Increasing adoption of energy efficient and smart monitoring & control devices for better accuracy in billing across the service sector including data centers, private offices and government buildings will favor the industry landscape.
Single phase systems will gain an appreciable momentum owing to their effective viability across high capacity industrial establishments and utility-aided power networks. Increasing urbanization rate coupled with favorable regulatory norms to upgrade the small-scale industries primarily across the developing nations will stimulate the product demand.
Growing demand for power reliability across engineering processes including oil & gas, hospitality, logistics and education will boost the three phase system adoption. Ongoing development of residential establishments on account of rising population and increasing per capita income will boost the adoption of smart metering systems. In addition, rapid private and public investments toward renewable technologies to limit carbon footprint and expansion of IoT enabled grid networks will facilitate the business outlook.
Middle East & Africa smart electric meter market will grow on account of flourishing real estate sector and extensive development across service sector. Government initiatives and mandates to minimize the non-electricity revenue, theft and power outages activities will enhance the industry outlook. In addition, ongoing upgradation and replacement of existing data collection systems with efficient electric meters will augment the business growth.
Browse key industry insights spread across 550 pages with 1095 market data tables & 30 figures & charts from the report, "Smart Electric Meter Market Share & Forecast, 2020 – 2026" in detail along with the table of contents:
COVID-19 may impact the smart electric meter industry owing to delay in product deployment targets as well as overdue of various infrastructural development projects. However, robust growth across the healthcare sector and growing electricity demand across the developing nations is anticipated to enhance the product installation.
Some key findings of smart electric meter market report include:
- Smart electric meter industry is growing rapidly owing to its applicability across commercial and residential sector.
- Increasing investments across smart infrastructural development coupled with flourishing real estate sector is set to drive the business growth.
- Increasing population in line with rising power thefts primarily across the emerging economies will boost the residential sector across the industry.
Key players operating across smart electric meter market are Itron, General Electric, Kamstrup, Apator and Larsen & Toubro Limited.
Browse complete reports table of contents (ToC): https://www.gminsights.com/toc/detail/smart-electric-meter-market
Partial chapters of report table of contents (TOC):
Chapter 3 Smart Electric Meter Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.2.1 Vendor matrix
3.3 Innovation & technology landscape
3.3.1 Aclara Technologies LLC
3.3.3 Honeywell Elster
3.3.4 Schweitzer Engineering Laboratories
3.3.6 Genus Power Infrastructure Limited
3.3.7 Iskraemeco Group
3.3.8 Itron Inc.
3.3.9 Landis+Gyr AG
3.3.10 Kamstrup A/S
3.3.11 HPL Electric & Power Ltd.
3.4 Regulatory landscape
126.96.36.199 American Recovery and Reinvestment Act (ARRA)
188.8.131.52 EU Directives
184.108.40.206 Third Legislative Package
220.127.116.11 Data Protection Directive
18.104.22.168 Legal processing of the metering data
22.214.171.124.1 The Coalition and Conservative Governments
126.96.36.199.2 The Smart Metering Implementation Programme
188.8.131.52.3 The Smart Energy Code
184.108.40.206.4 The Energy Efficiency Directive
220.127.116.11.5 Smart Meter Policy Framework Post 2020
18.104.22.168 The National Smart Metering Programme
22.214.171.124 Meter standards And specifications
126.96.36.199 Retrofitting of old meters
188.8.131.52 Fourth Basic Energy Plan
3.4.11 South Korea
3.4.12 Middle East & Africa
3.5 Industry impact forces
3.5.1 Growth drivers
184.108.40.206 Favorable government regulations
220.127.116.11 Renewable energy integration to smart grid infrastructure
18.104.22.168 Effective monitoring & control of energy consumption
22.214.171.124 Limits the electricity theft
3.5.2 Industry pitfalls & challenges
126.96.36.199 End-user resistance
3.6 Growth potential analysis
3.7 Porter's Analysis
3.7.1 Bargaining power of buyers
3.7.2 Bargaining power of suppliers
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.8 Price trend analysis, By technology (USD/Unit)
3.9 Price trend analysis, By region (USD/Unit)
3.10 COVID-19 impact on the overall industry outlook
3.10.1 Top 10 countries impacted by COVID- 19
3.11 Communication protocols used in AMI/AMR
3.11.1 Automatic Meter Infrastructure (AMI)
3.11.2 Automatic Meter Reading (AMR)
3.12 Competitive Landscape, 2019
3.12.1 Strategy Dashboard
188.8.131.52 Aclara Technologies LLC
184.108.40.206 Kamstrup A/S
220.127.116.11 Osaki Electric Co. Limited
18.104.22.168 Iskraemeco Group
22.214.171.124 Badger Meter Inc.
126.96.36.199 Genus Power Infrastructure Limited
188.8.131.52 Itron Inc.
184.108.40.206 Landis+Gyr AG
220.127.116.11 Schneider Electric
18.104.22.168.1 Memorandum of Understanding
22.214.171.124 HPL Electric & Power Ltd.
126.96.36.199.1 Product Launch
188.8.131.52 General Electric
3.13 PESTLE Analysis
Browse related report:
Smart Metering Systems Market Size By Application (Residential, Commercial, Utility), By Product (Smart Water Meter Systems, Smart Electric Meter Systems, Smart Gas Meter Systems), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
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