US Takes Lead in Global Smart Metering Market, Informs Koncept Analytics in Its Cutting-Edge Report Recently Uploaded at MarketPublishers.com30 Nov 2017 • by Natalie Aster
LONDON – A smart meter refers to an electronic energy meter, which makes records of energy consumption and also transmits data to and from the utility company frequently, thus, allowing direct meter reading and data analysis. Such meters help in addressing the needs for power grids. Three types of smart meters are distinguished: smart hot/cold meters, smart electricity meters and smart gas meters.
Smart meters have proved to be the most energy-efficient systems, that provide accurate energy usage and bills as well as eliminate the cost of manual labor force to conduct repeated checks.
At present, the US takes the leading position in the world’s smart metering market. However, the EMEA region boasts the highest growth potential, due to compulsory government mandates and polies related to renewable energy.
Spending on smart meters is on the rise globally, propelled by rising penetration of smart meters, new housing starts, robust urbanisation and continued economic uptake.
The most prominent trends in the smart metering market include increasing focus on R&D and enhancing consolidation within the industry.
Cutting-edge report “Global Smart Metering Market: Industry Analysis & Outlook (2017-2021)” provides access to a comprehensive guide to the world’s market for smart metering with updated statistics and in-depth insights into the main market segments.
This topical report includes an insightful overview of the historical development and current scenario of the smart metering market on different geographical levels. Besides, it includes relevant info on the market dynamics with a focus on the factors hindering and propelling the market growth. The report characterises the competitive environment and presents strategic profiling of the prominent market participants, touches upon the regulative framework and also points out the emerging market growth barriers and prospects. In addition, a future outlook for the smart metering market up till 2021 is provided.
Companies covered in this publication: Itron, Silver Spring Networks, Sensus (Xylem), and Landis+Gyr Group.
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