Global Smart Electric Meter Market to Grow with Internet of Things (IoT) and Smart Grid

Posted on 2018-05-03 by Goldstein Research in Electronics // 0 Comments

New York, USA, 2018-May-03 — /EPR Network/ —According to Goldstein Research, global smart electric meter market is expected to reach USD 15.12 billion by 2024, growing at a CAGR of 9.7% over the forecast period 2016-2024. The development of smart grid across the globe is driving the demand for smart electric meter for the effective networking, transmission and distribution of power. Global smart electric meter market segmentation has been done on the basis of communication technology, phase, application and geography. Residential installation of smart meters accounted for largest market share of 80.2% and commercial smart meter installation accounted for 16.0% market share.

Global smart electric meter market is largely dominated by North America on account of huge growth in smart grid networking projects and also it accounted for 78.5% households having smart meters installed, being the largest in the world. APAC region tends to be opportunistic market, expected to grow at a highest CAGR over the forecast period on the back of rising smart grid projects and government investments mainly in Japan, Singapore, India, South Korea and Australia.

Download Exclusive Sample Report @ Smart Electric Meter Market Report Sample

Market Segmentation

On the basis of our in-depth analysis, Global Smart Electric Meter Market can be segmented as follows:

By Communication Technology

Radio Frequency
Power Line Communication (PLC)
Cellular

By Phase

Single Phase
Three Phase

By Application

Industrial
Commercial
Residential

By Region

North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Smart Electric Meter Market Outlook 2024” contains detailed overview of the global smart electric meter market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by communication technology, phase and application.

Further, for the in-depth analysis, Global Smart Electric Meter Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Itron, Elster group, General Electric, Schneider Electric, Landis+Gyr, Silver Spring Networks, Echleon Corporation, Holley Tech, Microsemi Corporation, Eliq, Trilliant, Kamstrup, E.ON Energy, Eclara, Lin Yang Energy, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global smart electric meter market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Browse full Report @ https://www.goldsteinresearch.com/report/smart-electric-meter-market-size-trends-analysis

About Goldstein Research

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on hardware and ICT market research report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Market Segmentation

By Communication Technology

By Phase

By Application

By Region

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