June 7, 2016: A new trending news at JSB market research on “Global Smart Meters Wireless Communication is Fast Pacing in Europe and Asia-Pacific”

Smart meter is an evolved digital electronic device in contrast to traditional analog meters. It is utilized in measuring consumption of electricity at industrial, commercial and residential areas. It records data via two way communications starting from utilities and consumers, also helping in reducing meter reading costs and electricity bills. The global smart meter market is divided as either types in water or gas. The option is great for energy saving, and provides a real-time analysis of demand and supply, improving the electricity supply by balancing the need and demand rations.

Geographical Market Share

70 percent of European customers are going to be equipped with this technology by 2020. As for China, it has a half a decade’s plan to update its grid infrastructure for the same. In Japan, these are expected to be deployed at levels of Tokyo Electric Power Co with 27 million smart meters to be produced in the forecast period. According to the smart meters market research, EU member states are soon going to put up 200 million and 45 million electricity and gas smart meters, respectively by 2020.

Stable Deployment and Distribution

The government regulations are the principal driver of the industry. In regions of Europe and Asia-Pacific there is huge scope of growth in smart meters market share, with U.K going ahead for replacing 53 million gas and electricity meter by the year of 2020. The effort will enhance the forecast and profits in near future. Smart meter will also boost electricity distribution evenly moving to conserve more energy with advanced technology. Pilot projects in India will stage more deployment of smart meters in the future.

Key Players in the Industry

US market is already leveled off, and more installations are taking place. However, the activities are picking up in Western Europe, Spain, United Kingdom, and France, where the smart meter market size is booming over few years, and will continue to do so in 2015-2020. The utilities investments have increased. Some key players are Landis+GYR, Siemens AG, Holley Metering Limited, Elster Group SE, Sensus, Itron Inc., Badger Meter Inc., Schneider Electric SA, Icsa (India) Limited, Honeywell international Inc., Neptune
Technology Group Inc., Circutor SA, among others.

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