Smart Metering Systems Market in Utility applications to hit 200 million units by 2024 - PowerPoint PPT Presentation

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Smart Metering Systems Market in Utility applications to hit 200 million units by 2024


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. Commercial applications are set to exceed USD 14 billion by 2024, owing to increasing adoption among establishments to reduce cost. – PowerPoint PPT presentation

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Title: Smart Metering Systems Market in Utility applications to hit 200 million units by 2024

Global Smart Metering Systems Market to reach
38bn by 2024
Key Insights of Smart Metering Systems Market
  • Global Smart metering system market has been
    growing rapidly in recent years, driven by the
    rising demand to seek more reliable, secure, and
    efficient ways to manage energy generation and
    its distribution. The intervention of the
    governments to adapt reliable power systems is
    the principal driver augmenting Smart metering
    system industry share. Endorsing the adoption of
    smart meters is effectively bringing value in
    billing and consumption.
  • The rising demand for accountability and
    transparency in resource allocation has led to
    wide applications of smart meters in residential,
    commercial, and utility sectors. The demand for
    accurate energy usage from the service providers
    has driven the residential applications, which
    was worth USD 5 billion in 2015. Smart metering
    system industry share in commercial applications
    is foreseen to surpass USD 14 billion by 2024.
  • There are two main types of smart meters
    Automatic Meter Reading (AMR) and Automatic Meter
    Infrastructure (AMI). Smart metering system
    industry from AMR technology is set to record a
    CAGR of over 6 over the period of 2016-2024,
    primarily driven by its high adoption rate in
    North America. AMI market is set to surpass 130
    million units by 2024, and is forecast to
    experience an average growth due to its high
    purchase and installation cost.

  • On the product front, Smart metering system
    industry is bifurcated as water, electricity, and
  • Smart electric meters are witnessing heavy
    demand, owing to its low price and energy
  • Smart metering system market share, from smart
    gas meters is anticipated to register a CAGR of
    10 over the period of 2016-2024.
  • Smart water meters are expected to surpass 250
    million units by 2024, subject to stringent
    regulations introduced in controlling non-revenue
    water. (Water that has been produced and is
    lost before it reaches the customer)
  • In terms of regional spilt, UK smart metering
    system market is projected to grow at a CAGR of
    16 over the period 2016-2024. U.S. smart
    metering system industry share worth USD 5
    billion in 2015, is anticipated to spectate a
    rapid surge over the forecast timeframe.
  • The major Smart metering system industry
    participants include LandisGYR, Circutor, Icsa,
    Siemens AG, Osaki Electric, Itron, Schneider
    Electric, and Iskraemeco.

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


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Table of Contents
Chapter 1 Methodology Scope 1.1
Methodology 1.1.1 Initial data
exploration 1.1.2 Statistical model and
forecast 1.1.3 Industry insights and
validation 1.1.4 Research scope and
assumptions 1.2 Data Sources 1.2.1
Primary 1.2.2 Secondary Chapter 2 Executive
Summary 2.1 Smart metering systems industry
3600 synopsis, 2013 - 2024 2.1.1 Business
trends 2.1.2 Application trends 2.1.3
Product trends 2.1.4 Technology trends 2.1.5
Regional trends
Chapter 3 Smart Metering Systems Industry
Insights 3.1 Industry segmentation 3.2
Industry size growth forecast, 2013 2024 3.3
Industry ecosystem analysis 3.3.1 Vendor
matrix 3.4 Technology innovation
landscape 3.5 Regulatory landscape 3.5.1
U.S. 3.5.2 UK 3.5.3 Sweden 3.5.4
Germany 3.5.5 Canada 3.5.6 China 3.5.7
3.6 Industry impact forces 3.6.1 Growth
drivers Effective non-revenue water
(NRW) monitoring and control Favourable
government regulations Accuracy
savings in billings Emerging
Intelligent sustainable water management
solutions Effective consumption pattern
mapping 3.6.2 Industry pitfalls
challenges High initial
investment Privacy concerns 3.7
Growth potential analysis 3.8 Price trend
analysis 3.9 Technology trends and
forecast 3.9.1 Automatic Meter
Infrastructure (AMI) 3.9.1 Automatic Meter
Reading (AMR) 3.10 Porters analysis 3.11
Competitive landscape, 2015 3.11.1 Strategy
dashboard 3.12 PESTEL analysis
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