Smart Metering Systems Market in Australia is set to expand over 16% by 2024

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Global Smart Metering Systems Market to surpass
21bn by 2024 Global Market Insights Inc.
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Industry Overview

• Smart Metering Systems Market to surpass USD 21
  Billion by 2024 driven by rising demand for
  renewable energy and effective transmission
  facilities. Implementation of fiscal incentives
  along with the government plans to replace the
  existing meters will drive the smart metering
  systems market size. Several countries have
  enforced regulatory directives to accelerate the
  deployment of AMI meters as a part of their
  energy conservation initiatives. In 2016, the
  U.S. city of Berea in Ohio partnered with
  metering firm NECO and Badger Meter, a metering
  solutions company for the rollout of smart water
  meters project.
• The U.S. smart metering systems market is
  predicted to exceed USD 3 Billion by 2024.
  Stringent regulatory framework to achieve energy
  savings along with ongoing measures to replace
  the conventional meters will augment the industry
  landscape. For instance, the California Public
  Utilities Commission (CPUC) has sanctioned the
  investor-owned utilities to replace conventional
  meters with intelligent meters to ensure customer
  control over the energy usage.
• AMI smart metering systems market is predicted to
  grow over 10 by 2024. Increasing adoption of
  automated technologies across energy utilities to
  ensure energy conservation, customer service
  improvement and load management will boost the
  product demand. AMI meters dynamically involve
  the end users to execute the consumption
  decisions and provide real time information
  regarding the energy usage.

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Smart Metering Systems Market

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• AMI smart metering systems market is predicted to
  grow over 10 by 2024. Increasing adoption of
  automated technologies across energy utilities to
  ensure energy conservation, customer service
  improvement and load management will boost the
  product demand. AMI meters dynamically involve
  the end users to execute the consumption
  decisions and provide real time information
  regarding the energy usage.
• UK smart metering systems market will witness
  growth on account of rapid technological
  advancement along with growing adoption of
  sustainable systems. Introduction of automated
  data management systems across the metering
  industry will further fuel the industry growth.
  The introduction of intelligent metering system
  forms a fundamental part of the recent government
  policies aiming at the environmental
  sustainability and energy conservation.
• Australia smart metering systems market is set to
  expand over 16 by 2024. Introduction of
  government policies along with growing measures
  toward energy conservation will fuel the business
  growth. In December 2017, the government of
  Australia introduced Power of Choice reform which
  seeks to provide AMI meters to all electricity
  consumers across the region.

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UK Smart Metering Systems Market Size, By
Application, 2017 2024 (Million Units)

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Industry Coverage

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Continue

• Increasing number of utilities along with the
  integration of advanced ICT solutions for
  operations will stimulate the smart metering
  systems market growth. The rising demand for
  effective measurement, monitoring, and
  utilization of natural resources will further
  facilitate the large-scale deployment of these
  meters.
• Key industry participants in the smart metering
  systems market include Apator, Circutor,
  Iskraemco, Kamstrup, Aclara, Sensus, Neptune,
  Osaki, Badger Meter, Honeywell International,
  Schneider, Itron, Siemens, and LandisGyr.

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