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Smart Electricity Meters Market Size Worth $49.9 Billion by 2025: Grand View Research, Inc.SAN FRANCISCO, July 20, 2017 /PRNewswire/ -- The global smart electricity meters market is anticipated to reach USD 49.9 billion by 2025, according to a new report by Grand View Research, Inc. The rising demand of energy security has been prevailing in the energy sector from a long time. Renewable energy generation has sufficed this demand to a greater extent, but the energy provided by such systems is intermittent, and thus energy conservation and efficient utilization of energy are the key aspects of energy security. Smart meters deliver instantaneous data which can be analyzed, and the consumption can be controlled stabilizing the energy demands. (Logo: http://photos.prnewswire.com/prnh/20160524/371361LOGO ) The commercial segment is largely profited by these smart systems as they assist in increasing the energy efficiency by providing real-time pricing and consumption data display which is directly related to the spending of the segment. However, factors, such as electricity theft are likely to restrain the market growth. Smart Electricity Metering mandates have been established for the European Union with rollout plans set by the Commission for Energy Regulation, among other legislative bodies. Browse full research report with TOC on "Smart Electricity Meter Market Analysis, By End-use (Residential, Commercial, and Industrial), By Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) and segment forecast, 2014 - 2025<>" at: http://www.grandviewresearch.com/industry-analysis/smart-meters-market Further key findings from the report suggest:
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Grand View Research has segmented the Smart Meters market based on structure, offering, growing mechanism, and regions:
Read Our Blog: http://www.grandviewresearch.com/blogs/semiconductors-and-electronics About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Contact: Web: http://www.grandviewresearch.com SOURCE Grand View Research, Inc. |