Smart Meters Market Worth 19.98 Billion USD by 2022

USA - English

• India - English

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 70 market data Tables and 41 Figures spread through 150 Pages and in-depth TOC on "Smart Meters Market"

http://www.marketsandmarkets.com/Market-Reports/smart-meter-366.html

Early buyers will receive 10% customization on this report. 

The global market is witnessing a significant growth, which is driven by government policies, energy conservation, increasing smart grid deployment, and utilities urge to enhance distribution efficiency.

Residential - the largest Smart Meters Market by application 

The Smart Meters Market in this report has been classified based on application, into three segments, namely, residential, commercial, and industrial. The residential segment accounted for the largest market size, in terms of value, in 2016. The meters measure the electricity, water, and gas 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 the consumer's inclination towards peak time savings of energy would increase. The increasing residential construction activities and government mandates such as the European Union 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 meters.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=366

"The AMR technology segment would dominate the global smart meters market" 

The Automatic Meter Reading (AMR) segment was estimated to be the largest market for smart meters in 2016. AMR is a metering technology that collects consumption data from the meters and transfers it to a central database (in the utility station) for billing and other purposes (one-way communication only). It is the initially developed smart metering technology and, hence, it has widely been adopted since its inception. North America and Europe are the regions that have much embraced this technology. It is less costly when compared to the Advanced Metering Infrastructure (AMI) and, hence, has a high market size.

North America: The leading market for smart meters 

The North American market dominates the Smart Meters Market during the forecast period. In North America, the growth of the Smart Meters Market can be attributed to focus on electricity, water, & gas, monitoring & prevention of leakage, and the repair & upgrade of aging infrastructure. Lot of smart meters rollouts are taking place in countries such as the U.S., Canada, and Mexico which would impart growth in the North American region.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=366

To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Smart Meters Market, namely, Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), and Toshiba Corporation (Japan). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

Browse Related Reports: 

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

http://www.marketsandmarkets.com/Market-Reports/smart-electric-meter-market-244481146.html

Smart Water Management Market by Advanced Water Meters (Meter Type & Meter Read Technology), Solution (Network Monitoring, Advanced Pressure Management, SCADA System, Advanced Analytics, Residential Water Efficiency), Service - Global Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/smart-water-management-market-1265.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets'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.  

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
USA: +1-888-600-6441
Email: [email protected]

Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

SOURCE MarketsandMarkets