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 a smart grid across the globe is driving the demand for a smart electric meter for 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 the largest market share of 80.2% and commercial smart meter installation accounted for 16.0% of market share. It is largely dominated by North America on account of huge growth in smart grid networking projects and also it accounted for 78.5% of households having smart meters installed, being the largest in the world. APAC region tends to be an opportunistic market, expected to grow at the 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.
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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 Smart Electric Meter Market Analysis, 2016-2024
• Europe Smart Electric Meter Market Analysis, 2016-2024
• The Middle East And Africa Smart Electric Meter Market Analysis, 2016-2024
• Latin America Smart Electric Meter Market Analysis, 2016-2024
• Asia Pacific Smart Electric Meter Market Analysis, 2016-2024
• Rest Of The World Smart Electric Meter Market Analysis, 2016-2024
“Global Smart Electric Meter Market Analysis” contains a detailed overview of the global smart electric meter market. The report highlights the competitive outlook of major global players that includes business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of smart electric meter market report will help the clients to assess their business strategies as per the competitive environment in the market space.
Major players of the global smart electric meter market discussed in the report are Itron, Elster group, General Electric, Schneider Electric, Landis+Gyr, Silver Spring Networks, Echelon Corporation, Holley Tech, Microsemi Corporation, Eliq, Trilliant, Kamstrup, E.ON Energy, Eclara, Lin Yang Energy, etc.
Further, the report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The Smart Electric Meter Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, USP Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.
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