Global Smart Meter Market Is Expected to Reach USD 28.24 Billion In 2026

-

The global smart meter market was valued at USD 8.23 billion in 2018 and is expected to reach USD 28.24 billion in 2026, growing at a CAGR of 16.6% during the forecast period.

Smart Meter is a measuring device for gas and electricity usage. The smart meters send the information via radiofrequency electromagnetic radiation (RF) which can help the customer of the company to efficiently manage and control the energy usage. The growth of the smart meter market is primarily driven by supporting government policies and demand for energy conservation, and an increase in investment inefficient distribution networks.
Moreover, rising demand from growing demand for energy distribution, managing the electricity and gas system in emerging countries also drives the growth of the global smart meter market. Furthermore, growing deployment of energy utility companies and smart grid projects on improving distribution efficiency further grows the demand for the market. On the other hand, high initial investment by the end users is creating a major hindrance for its market growth.

Get Sample Copy of this report at: https://www.ozonemarketreports.com/sample-request/global-smart-meter-market-industry-outlook-2016-2026/154330

However, continuous development in the integration of distributed generation is expected to create major growth opportunities during the forecast period. The smart electric meters segment expected to lead the market during the forecast period Based on the type, the global smart meter market has been segmented into smart electric meters, smart water meters, and smart gas meters. The smart electric meters segment estimated to hold around 60% in the global market in 2018 and growing development are expected to continue its dominance in the coming years. The smart gas meters offer theft prevention feature unlike in conventional gas meters. The smart gas meter manufacturing companies are investing in the development of the meter-to-cash model, and asset management & leakage detection is expected to further boost the demand for smart gas meters during the forecast period.

Based on the technology, the advanced metering infrastructure segment is expected to grow at the fastest rate of 20.6% CAGR during the forecast period Based on the technology, the market has been segmented into automatic meter reading and advanced metering infrastructure. The advanced metering infrastructure segment expected to grow at the fastest rate of 20.6% CAGR during the forecast period. Advanced metering infrastructure is providing efficiently meter reading and reducing the labor costs. Several government policies further replacing the automatic meter reading with the advanced metering infrastructure in power, water, & gas utilities. Based on the application, the residential smart meter segment is expected to lead during the forecast period Based on the application, the market has been segmented into residential smart meter, commercial smart meter, and industrial smart meter.

Browse Full Report at: https://www.ozonemarketreports.com/ict-media/global-smart-meter-market--industry-outlook-2016-2026/154330

The residential smart meter segment estimated to register for the largest share in the market in 2018. Owing to its growing construction and infrastructure projects and high deployment of smart gas meters in housing projects in Europe and North America. Again, Smart Meter is also used in the home control network, energy-efficient lighting, and electric heat pump to cater major demand for smart appliances in homes. 

Asia-Pacific to dominate the smart meter market throughout the forecast period Based on the region, Asia-Pacific predicted to hold nearly 45% share of the global smart meter market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe and North America.
Usage of smart meters in commercial, residential, and industrial sectors and strong economic growth in the Asia-Pacific region is one of the key factors driving the consumption of smart meter in this region. Moreover, the growth of construction, water and electricity management and supportive government policies towards the installation of smart meters in key countries such as Japan, India, and China are also propelling the growth of smart meter in the Asia-Pacific region.

Avail a UPTO 40% Discount on Purchase at: https://www.ozonemarketreports.com/discount-request/global-smart-meter-market-industry-outlook-2016-2026/154330

While Europe accounted for the highest CAGR in the global smart meter market during the forecast period. Company Profiles and Competitive Intelligence:The major players operating in the global smart meter market are Kamstrup A/S (Denmark), Toshiba Corporation (Japan), Itron, Inc. (US), Holley Metering, Ltd. (China), Honeywell International, Inc. (US), Schneider Electric (France), EDMI Ltd. (Singapore), Wasion Group (China), Diehl Metering GmbH (Germany), and Badger Meter Inc. (US) among others.

Table Of Content

Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Smart Meter Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Smart Meter Market
1.3. Market Dynamics
1.4. Global Smart Meter Market, by Segment, 2018
1.4.1. Global Smart Meter Market, by Type, 2018, (USD Million)
1.4.2. Global Smart Meter Market, by Technology, 2018, (USD Million)
1.4.3. Global Smart Meter Market, by Application, 2018, (USD Million)
1.4.4. Global Smart Meter Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Smart Meter Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Smart Meter Market: Regional Life Cycle Analysis

Contact Us:
Name: Steven Samuel
Email - info@ozonemarketreports.com
Phone - +91 9370882135
Website: https://www.ozonemarketreports.com/

Comments

Post a Comment

Popular posts from this blog

Global Ransomware Protection Market is growing at a CAGR of 16.58% from 2017 to 2025

-
The Global  Ransomware Protection  Market was valued at USD 8.35 billion in 2016 and is projected to reach USD 33.21 billion by 2025, growing at a CAGR of 16.58% from 2017 to 2025.  Ransomware  is a type of malicious software from crypto virology that threatens to publish the victim’s data or perpetually block access to it unless a ransom is paid. Ransomware protection system ensures several benefits for organizations that include – patch and vulnerability management, application control, privilege management, file and removable media protection, and remediation of running ransomware. Market Dynamics: 1. Market Drivers 1.1 Adoption of multi-layered security systems 1.2 Increasing adoption of threat intelligence among enterprises 1.3 Evolution of ransomware-as-a-service model 1.4 Rising phishing attacks and targeted security breaches 1.5 Increasing demand for data backup and recovery solutions 2. Market Restraints 2.1 Increasing ransom amount 2.2 Lack of technical...
Read more

Global Special Mission Aircraft Market is growing at a CAGR of 3.85% from 2017 to 2025

-
The Global Special Mission Aircraft Market was valued at USD 11.37 billion in 2016 and is projected to reach USD 15.98 billion by 2025, growing at a CAGR of 3.85% from 2017 to 2025.  Special Mission Aircraft are versatile aircraft that can be used by all three sectors of the armed forces for various operations. Special mission aircraft are equipped with surveillance equipment to detect the movement of enemy units but usually lack major offensive weapons. These aircraft have capabilities in areas such as maritime patrol as well as anti-submarine and airborne early warning and control. They can be used in both military and non-military missions. Market Dynamics: 1. Market Drivers 1.1 Development of EW counter measure system in aircrafts 1.2 Growing terrorism and insurgencies due to conflict 1.3 Rising investments by governments in defense sector 2. Market Restraints 2.1 Lack of expertise and trained pilots Request Sample Visit : https://www.ozonemarketreports.c...
Read more

Global Pipeline Safety Market is growing at a CAGR of 9.65% from 2017 to 2025

-
The Global  Pipeline Safety  Market was valued at USD 5.85 billion in 2016 and is projected to reach USD 13.40 billion by 2025, growing at a CAGR of 9.65% from 2017 to 2025.  Pipelines  are recognized as a safe and reliable means of transporting hazardous products over significant distances. Pipeline safety is defined as a range of general duties which are applicable to all pipelines, and additional duties for major accident hazard pipelines which transport products defined as dangerous fluids. Benefits of pipeline safety includes – reduced administration costs, reduced insurance and liability costs, reduced costs from injuries and illness, and improved level of compliance. Market Dynamics: 1. Market Drivers 1.1 Rising security regulations and standards 1.2 Increasing demand of oil and gas in developing economies 1.3 Increasing sustainable use of resources 1.4 Up gradation of refineries, drilling sites and exploration of new sites 2. Market Restraints 2.1 Budget ...
Read more