The Global Smart Meters Market is projected to Grow at a CAGR of 9.34% from 2017 to 2022 - PowerPoint PPT Presentation

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The Global Smart Meters Market is projected to Grow at a CAGR of 9.34% from 2017 to 2022

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The global smart meters market is projected to grow at a CAGR of 9.34% from 2017 to 2022, to reach a market size of USD 19.98 Billion by 2022. – PowerPoint PPT presentation

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Title: The Global Smart Meters Market is projected to Grow at a CAGR of 9.34% from 2017 to 2022


1
Smart Meters Market by Type, Application,
Technology, and Region - Global Forecasts to
2022
www.MarketsandMarkets.com
2
According to the new market research report
"Smart Meters Market by Type (Electric, Water,
and Gas), Application (Commercial, Residential,
and Industrial), Technology (Automatic Meter
Reading and Advanced Metering Infrastructure),
and by Region - Global Forecasts to 2022",
published by MarketsandMarkets, The smart meters
market is projected to reach USD 19.98 billion by
2022, at a CAGR of 9.34 from 2017 to 2022. The
North American market is estimated to be the
largest market for smart meters, followed by
Asia-Pacific in 2017. This trend is expected to
continue till 2022. The growth of the smart
meters market is driven by government policies,
energy conservation, increasing smart grid
deployment, and utilities urge to enhance
distribution efficiency.   Dont miss out on
business opportunities in Smart Meters Market.
Download PDF Brochure and gain crucial industry
insights that will help your business
grow https//www.marketsandmarkets.com/pdfdownloa
dNew.asp?id366
3
Smart meters are used in the industrial,
commercial, and residential sector, measuring
energy consumption of the consumers. Factors such
as government policies mandates in developed
economies and accurate billing improved
customer service are driving the market globally.
Residential customers are the fastest end-users
of smart meters, followed by commercial and
industrial customers. High installation costs for
end-users would be a restraint for the smart
meters market.   Browse and in-depth TOC on
"Smart Meters Market" 70 - Tables 41 - Figures
150 - Pages   View more detailed TOC _at_
https//www.marketsandmarkets.com/Market-Reports/
smart-meter-366.html

4
The residential application segment is expected
to grow at the highest CAGR from 2017 to
2022 With regards to the application segment,
the residential segment is expected to constitute
the fastest growing market from 2017 to 2022. The
meters measure the electricity, water, and gas
consumption and communicate this to the central
utility system. The installations of these
devices in the residential sector helps in
reducing CO2 emissions globally as the consumers
inclination towards peak time savings of energy
would increase. The increasing residential
construction activities and government mandates
like the European Union 20-20-20 policy, which
aims to convert 80 of the installed meter base
to smart one, have ensured the growth in the
demand for smart meters. Request for Free
Sample Report _at_ https//www.marketsandmarkets.com/
requestsample.asp?id366
5
Asia-Pacific The fastest growing market for
smart meters Asia-Pacific is estimated to be the
fastest growing market for smart meters from 2017
to 2022. Factors such as government policies
mandates in developed economies and accurate
billing improved customer service are driving
the global smart meters market. China is expected
to grow at the fastest pace during the forecast
period. Furthermore, the growing power sector in
India is expected to spur the growth of the
market, and represents a promising opportunity
for major smart meters providers. Japan is also
expected to witness a significant growth during
the same period. On the other hand, Europe and
the Middle East are trying to boost their energy
efficiency programs, TD spending, and
construction infrastructural activities. Sp
eak to Analyst _at_ https//www.marketsandmarkets.co
m/speaktoanalystNew.asp?id366
6
  • Target Audience
  • Electric, water, and gas utilities
  • Smart electric, gas, and water manufacturing
    companies
  • Distributed energy generation solution providers
  • Smart electric, water, and gas meter vendors
  • Government and industry associations
  • State and national regulatory authorities
  • Distribution grid operators
  • Energy regulatory agencies
  • Investors and financial community professionals
  • State or government-owned corporations
  • Request for Customization_at_
  • https//www.marketsandmarkets.com/requestCustomiza
    tionNew.asp?id366

7
  • Key players -
  • To provide an in-depth understanding of the
    competitive landscape, the report includes
    profiles of some of the leading players in the
    smart meters market, namely
  • Itron, Inc. (U.S.),
  • Kamstrup A/S (Denmark),
  • Holley Metering, Ltd. (China),
  • Honeywell International, Inc. (U.S.),
  • Toshiba Corporation (Japan), etc.
  • Buy Now -
  • https//www.marketsandmarkets.com/Purchase/purchas
    e_reportNew.asp?id366

8
ContactMr. Shelly SinghMarketsandMarkets
INC.630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 UK
44-800-368-9399Email sales_at_marketsandmarkets.com
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