Smart Metering Systems Market from Automatic Meter Reading to grow at over 6% by 2024 (1) - PowerPoint PPT Presentation

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Smart Metering Systems Market from Automatic Meter Reading to grow at over 6% by 2024 (1)

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More Information @ Smart metering systems market size for 2015 from residential applications was valued over USD 5 billion. Consumers are increasingly aware of the billing process and are demanding accurate usage data from service providers. – PowerPoint PPT presentation

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Title: Smart Metering Systems Market from Automatic Meter Reading to grow at over 6% by 2024 (1)


1
Smart Metering Systems Market share worth 38bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Smart Metering Systems Market
  • Increasing need for accurate billing and
    consumption pattern mapping coupled with rising
    prices of resources including water, electricity
    and gas will drive the global smart metering
    systems market size by 2024. Scarcity of
    available resources has laid emphasis on reducing
    wastage and controlling emission levels.
  • Stringent regulations towards energy management
    coupled with measures towards effective resource
    utilization will propel demand. The Energy
    Independence Act (EISA) of 2007 mandates the
    modernization of the U.S. electric grids,
    installation of smart electric systems in every
    household and grants government funding for grid
    development projects.
  • Smart metering systems market size for 2015 from
    residential applications was over USD 5 billion
    and is set to witness strong growth owing to its
    reasonable pricing and increasing awareness among
    customers. Commercial applications in terms of
    volume are predicted to surpass 250 million units
    over the forecast timeframe due to rising prices
    of available energy resources.

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Continued...
  • Smart metering systems market share for 2015 from
    water is set to grow over 10 on account of
    stringent regulations for controlling Non-Revenue
    Water (NRW). Electric applications were valued
    over USD 4 billion in 2015 and is predicted to
    witness handsome growth owing to stringent
    government regulation to curb electricity theft.
  • AMI is set to exceed USD 19 billion by 2024.
    Adoption of AMI are low subject to its high
    acquisition and installation costs. AMR is
    predicted to grow over 13 over the forecast
    timeline owing to its wide adoption and mature
    technology.

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U.S. Smart Metering Systems Market size, By
Product 2013-2024 (USD Million)

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Browse Full Market Research Report On Smart
Metering Systems Market _at_ https//goo.gl/EECcOK
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/1180
6
360 Analysis
  • Application Trends
  • Smart metering systems market size for 2015 from
    residential applications was valued over USD 5
    billion. Consumers are increasingly aware of the
    billing process and are demanding accurate usage
    data from service providers. Commercial
    applications are set to exceed USD 14 billion by
    2024, owing to increasing adoption among
    establishments to reduce cost.
  • Regional Trends
  • U.S. smart metering systems market size for 2015
    was valued over USD 5 billion and is expected to
    witness significant growth owing to high adoption
    of smart systems. In 2015, the U.S. Energy
    Information Administration (EIA) stated to have
    installed more than 65 million electric meters.
  • Competitive Market Share
  • Global industry participants include Itron,
    Siemens AG, LandisGYR, Schneider Electric,
    Circutor, Icsa, Iskraemeco, Holley Metering,
    Honeywell International, Osaki Electric, Badger
    Meter, Elster, Neptune Technology, Sensus
    Sentec.In 2015, Neptune Technology collaborated
    with Itron, Sensus and Elster to deliver
    compatibility with the industrys leading
    e-coder. In 2016, EDMI, a subsidiary of Osaki
    Electric signed a contract with Great Britain to
    provide 500,000 smart meters to become one of the
    largest energy supplier.


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