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Global Smart Electricity Meter Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
The "Global
Smart Electricity Meter Market - Segmented by End User (Commercial,
Residential, and Industrial), and Region - Growth, Trends and Forecast
(2018 - 2023)" report has been added to ResearchAndMarkets.com's
offering.
The smart electricity meter market was valued at
93.09 million unit shipments in 2017, and is expected to reach 83.61
million unit shipments by 2023, at a CAGR of (0.64)% over the forecast
period 2018-2023.
Smart metering solutions comprise of meters
or modules, with communication capabilities embedded within the meter or
attached to it. Energy transmission over long distances is highly
expensive and inefficient. It is estimated that over 7% of the energy is
lost during the transmission of electricity in the United States.
Smart
metering systems are employed with two-way communication and control
capabilities, which enable the central systems to analyze the data and
take necessary actions to provide improved efficiency and handle systems efficiently in times of faults and failures. Smart grids play a crucial
role in smart city deployment and are the primary consumers of smart
electricity meters.
China is leading the market at the
moment, with the rollout at its peak, due to strict mandates by the
government. South China and State Grid, the only two grid companies in
the country, drive the process. But the gradual end of the rollout is
resulting in a significant reduction of demand year-by-year. In other
countries, such as India, the study projects a substantial growth in the
demand for smart electricity meters, with expected need of more than 2
million units yearly post-2020.
Companies Mentioned
-
Landis + GYR Group AG
-
Wasion Group Holdings
-
Elster Group Gmbh
-
Jiangsu Liang Energy Co. Ltd
-
Sagemcom (News - Alert) Sas
-
Ningbo Sanxing Electric Co. Ltd
-
Kamstrup A/S
-
Hexing Electric Company Ltd
-
Itron Inc
-
Holley Technology Ltd
-
Sensus USA Inc.
-
Nanjing Xinlian Electronics Co. Ltd
-
Shenzhen Hemei Group Co. Ltd
Key Topics Covered:
1. Introduction
2.
Research Methodology
3. Market Analysis
4. Market
Dynamics
5. Segmentation, by End User
6.
Segmentation, by Region
7. Vendor Market Share Analysis
8.
Competitive Intelligence - Key vendor Profiles
9. Future of
the Market
For more information about this report visit https://www.researchandmarkets.com/research/ngcsst/global_smart?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180517005691/en/
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