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

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Smart Electric Meter Market in Automatic Meter
Reading Technology to reach 4bn by 2024
Fractovia.org
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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.

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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.

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Electric Meter Market _at_ http//bit.ly/2zupWgw
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UK Smart Electric Meter Market Size, By
Application 2015-2024 (Million units)

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Industry Coverage

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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.

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