Global Smart Electric Meter Market Expected to Surge at a Rapid CAGR of 8.83% by 2021

Published on : Apr 28, 2017

Albany, New York, April 28, 2017: From the past few years, smart electric meter market is showing a positive growth, driven by many advantages compared to prior electric meters. More accurate bills, a better understanding of usage, faster and easier energy switching, and innovative energy tariffs are the key drivers for the smart electric meter market. Market Research Hub (MRH) has recently added an analyzed report “Global Smart Electric Meter Market 2017-2021” to its report archive that provides in-depth analysis of the market. The report covers the present scenario and the growth prospects of the global smart electric meter market for the time period 2017-2021 that is expected to grow at a CAGR of 8.83% during the forecasted period.

Smart electric meters are utility meters that estimate the energy consumption and gauge the consumption patterns at an advanced level. These are the 21st century energy system that are often used in the residential segment. Smart meters are an advanced technological device that uses a secure national communication network (called the DCC), that automatically and wirelessly send the actual energy usage to the respective supplier. Substantially, the households will no longer rely on estimated energy bills, no need to provide their own regular readings, or no manual meter readers will come into their homes to read the meter.

The report starts with the overview of the smart electric meter market along with its scope and research methodology. Further, the market is segmented by end-user, including residential, commercial and industrial. On the geographical scale, the market is divided into:

  • Smart electric meter market in the Americas
  • Smart electric meter market in APAC
  • Smart electric meter market in EMEA 

Moving on the decision framework, market drivers, market challenges and their impact on the key customer segment is displayed in detail. The market trends are also provided that are contributing towards  the smart electric meter market growth; it includes rising patent fillings, growing demand for wireless smart meters, introduction of usage-based tariff plans and HAN connectivity for remote access. 

Lastly, the competitive key vendors in the smart electric meter market is analyzed and listed as below: 

  • Itron
  • Landis+Gyr
  • Schneider Electric
  • Sensus 

The research has been concluded by listing other prominent vendors in the market that includes; Advanced Electronics Company, EKM Metering, Elster Group (owned by Honeywell), Holley Metering, Jiaxing Eastron Electronic Instruments, Kamstrup, LINYANG Energy, Murata Power Solutions and Simpson Electric

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This report is proofed with various exhibits such as; features of different technologies used in AMR, application of communication technologies for smart electric meters, global smart electric meter market 2016-2021 and market segments by end-user and regions.  

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