Market Study Report adds 2018-2024 Global Smart Metering Systems market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.
Selbyville, DE -- (SBWIRE) -- 12/07/2018 -- Smart Metering Systems Market is predicted to exceed USD 21 billion by 2024. Introduction of several government plans and incentives to promote the adoption of energy efficient system will drive the industry growth. Several countries have introduced regulatory directives to promote the installation of AMI meters as a part of energy conservation initiatives. In 2016, Berea (Ohio) partnered with Badger Meter and NECO, a metering firm for the development of smart water meters project.
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AMI smart metering systems market is anticipated to witness gain over 10% by 2024. Growing adoption of automation systems across energy sector to ensure load management, customer service improvement and energy conservation will enhance the product penetration. The product enables the end users to provide real time information regarding the energy utilization and execute consumption decision.
The U.S. smart metering systems market is anticipated to reach over USD 3 Billion by 2024. Favourable measures to promote the adoption of non-conventional meters along with strict regulatory landscape to obtain energy saving will propel the business growth. California Public Utilities Commission has authorized the investor-owned utilities to promote the deployment of intelligent meters to ensure customer control over energy consumption. CPCU authorized Southern California Edison for the installation of approximately 5.3 million smart meter units.
AMR smart metering systems market is anticipated to witness growth owing to its ability to transfer energy consumption data from users to utilities and lower cost index. Shorter installation time, immediate fault detection and remote access are some of the prominent features which will enhance the product penetration. Increasing spending toward renewable energy and smart grid network coupled with growing deployment of IT enabled systems will further drive the business landscape.
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Australia smart metering systems Market is projected to grow over 16% by 2024. Favorable measures coupled with government policies toward energy conservation will stimulate the industry landscape. In 2017, Power of Choice reform introduced by the government of Australia to provide AMI to end users across the country.
Smart metering systems market is anticipated to witness growth owing to growing utilities number coupled with integration of advanced ICT solutions. Increasing demand for effective monitoring, utilization and measurement of renewable resources will further augment the business landscape.
Eminent players across the smart metering systems market include Iskraemco, Sensus, Badger Meter, Itron, Landis+Gyr, Apator, Kamstrup, Osaki, Schneider, Siemens, Circutor, Honeywell International, Neptune and Aclara.
Table of Contents
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Smart Metering Systems Industry Insights
Chapter 4. Smart Metering Systems Market, By Application
Chapter 5. Smart Metering Systems Market, By Product
Chapter 6. Smart Metering Systems Market, By Technology
Chapter 7. Smart Metering Systems Market, By Region
Chapter 8. Smart Metering Systems Market, Company Profiles
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