Commercial Smart Electric Meter Market to exceed 30 million units by 2024 - PowerPoint PPT Presentation

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Commercial Smart Electric Meter Market to exceed 30 million units by 2024

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More Information @ Smart electric meter market is set to depict an exponential growth graph subject to the efforts taken by numerous industry players and organizations to install smart meters in every region. For instance, Commonwealth Edison (ComEd), the largest power utility in Illinois, recently installed smart electric meters in places such Oregon, Mt. Morris, Foreston, and Polo. – PowerPoint PPT presentation

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Title: Commercial Smart Electric Meter Market to exceed 30 million units by 2024


1
Smart Electric Meter Market in Automatic Meter
Reading Technology to reach 4bn by 2024
Fractovia.org
2
Key Insights of Smart Electric Meter Market
  • Global smart electric meter market has been
    witnessing an exponential growth curve since the
    last few years. The demand for electricity has
    been rising by the day, with the ever-growing
    population. Pertaining to the increasing
    requirement for uninterrupted power supply and
    the dire need for energy conservation, the
    deployment of smart meters has been on a rise,
    thereby stimulating smart electric meter
    industry. A report by Global Market Insights,
    Inc., states that smart electric meter market
    size, worth more than USD 5 billion in 2016, is
    anticipated to cross USD 11 billion by 2024.
  • Smart meters are finding increased scope of
    deployment in the developed countries such as the
    U.S., France, UK, Germany, etc., as well as the
    emerging economies such as Mexico and China. On
    account of the rapidly expanding economy of
    Mexico and reduced costs of manufacturing, Mexico
    smart electric meter market is predicted to cross
    USD 100 million by 2024. Subject to the extensive
    availability of a skilled workforce ready to work
    at low costs, Mexico industry will grow
    significantly over 2017-2024.

3
Continued
  • The State Grid Corporation of China has a
    tentative plan to deploy approximately 380
    million smart meter systems in the country by the
    year 2020, to fulfill the ever-growing demand for
    electricity for the rapidly increasing population
    in the region. Subject to government norms to
    conserve energy and enhance electric grid
    efficiency, China smart electric meter market is
    slated to grow at a CAGR of more than 10 over
    2017-2024.
  • In 2016, UK accounted for more than 20 of Europe
    smart electric meter industry share. With an aim
    to conserve electricity and improvise grid
    efficiency, the Department for Business, Energy
    Industrial Strategy and the Office of Gas and
    Electricity Markets have together planned to
    install intelligent systems in every home in the
    UK by 2020, which is likely to fuel UK smart
    electric meter market.
  • U.S. smart electric meter industry is slated to
    observe tremendous growth prospects, pertaining
    to the numerous incentives provided by the
    government and the energy conservation norms
    introduced by various regulatory bodies. The AMI
    systems, in particular, are heavily deployed
    across this region, owing to their superior
    technical features. Speaking of which, smart
    electric meter market from advanced metering
    infrastructure is predicted to surpass 50 million
    units by 2024, in terms of volume, and is
    anticipated to witness an excellent growth rate
    over 2017-2024, pertaining to the characteristics
    such as notifications to perform maintenance and
    observation tasks and efficient data
    transmission.

4

Browse Full Market Research Report Of Smart
Electric Meter Market _at_ http//bit.ly/2zupWgw
Request for a Sample of this Research
report _at_ https//www.fractovia.org/request-sample
/450
5
UK Smart Electric Meter Market Size, By
Application 2015-2024 (Million units)

6
Industry Coverage

7
Continued.
  • Smart meters are extensively installed across the
    utility, commercial, and residential sectors.
    Smart electric meter industry from residential
    applications was worth more than USD 1 billion in
    2016 and is expected to observe heavy growth over
    2017-2024, owing to the rising consumer focus
    toward conserving electricity.
  • Smart electric meter market share from commercial
    applications is expected to witness a CAGR of
    more than 9 over 2017-2024, subject to the
    advanced features of intelligent systems and
    favorable government regulations.
  • Worldwide smart electric meter industry includes
    the participation of huge corporations such as
    Holley Metering, LandisGyr, Sensus, Echelon,
    Honeywell International, Toshiba, Jiangsu
    Linyang, Itron, Genus Power Infrastructure,
    Aclara Technologies, Siemens AG, Elster, Atmel
    Corporation, Wasion, Networked Energy Services,
    and Schneider.

8
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