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Smart Electricity Meter: Market Growth, Future Prospects & Competitive Analysis, 2016 – 2023

Overview:

With the growing consumption of energy worldwide, better energy monitoring system is required to track energy usage. Ever rising electricity consumption coupled with wastage has become a concern for both utilities as well as consumers. Today’s world is of data analytics and details related to energy usage as well as wastage can help to reduce energy wastage. Conventional electric meter does not provide detail usage data for energy consumption. Hence smart energy are required to over shortcomings of conventional meter.

Smart electricity meter is an electronic device that registers amount of energy consumed by the user in predetermined time interval and transmits the same to both consumer as well as utility provider for further monitoring and billing. It provides a twoway mode of communication to the central power grid. Smart electricity meters are equipped with real time sensors to monitor load penetration on the generation and distribution system. It helps the utility companies to provide valuation based on the specific time for consumption of electricity. This system also benefits the consumers as they can track their consumption and billing process which is otherwise the most objectionable subject between them and utility companies.

The governments across different countries are investing fortunes for developing new residential as well as commercial infrastructures. They are also striving to make cities smarter for better administration. All these factors provide a large horizon for the market of smart electric meters to grow.Countries such as U.K., Germany, USA has already started to invest in smart energy meters. Developing countries are also trying to adapt smart energy meter for better energy consumptions. Consequently,the smart electricity meter market is set to witness profound growth in the coming years.

The global smart electricity meter market is segmented on the following bases:

  • By End-user
    • Residential
    • Commercial
  • Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • CIS Countries
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Asia
      • Australasia
      • Rest of Asia Pacific
    • Middle East& Africa
      • GCC Countries
      • North Africa
      • South Africa
      • Rest of MEA
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

Key Players Identified for Smart Electricity Meter Market Include but are Not Limited to:

Holley Metering Ltd, Itron, Landis+gyr, Jiangsu Linyang Electronics Co., Ltd, Delixi Group Co. Ltd., General Electric, Schneider Electric SA, Siemens AG, Elster Group, Iskraemeco and others.

This report offers:

  • An overview of the global markets for Smart Electricity Meter.
  • Market trends assessment for the period 2013 - 2023, with historical information for 2013 to 2015, and projections through 2023, with respective CAGR during 2016- 2023
  • Qualitative assessment tools such as market drivers, challenges and future prospects in the market
  • Market competition scrutiny tools such as market positioning analysis
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the market.
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