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

Flight Instruments : Global Size, Share, Trends, Overview, Forecast by 2023

-
Flight Instruments -Global Market Status & Trend Report 2013-2023 Top 20 Countries Data offers a comprehensive analysis on Flight Instruments industry, standing on the readers’ perspective, delivering detailed market data in Global major 20 countries and penetrating insights. No matter the client is industry insider, potential entrant or investor, the report will provides useful data and information. Key questions answered by this report include: Worldwide and Top 20 Countries Market Size of Flight Instruments 2013-2017, and development forecast 2018-2023 Main manufacturers/suppliers of Flight Instruments worldwide and market share by regions, with company and product introduction, position in the Flight Instruments market Market status and development trend of Flight Instruments by types and applications Cost and profit status of Flight Instruments, and marketing status Market growth drivers and challenges To Request Sample Visit @ https://www.ozonemarketreports.com/sample-requ
Read more

Global Low Friction Coatings Market provides an in-depth insight of Sales and Trends Forecast to 2024

-
Image
Ozone Market Reports projects that the Low Friction Coatings market size will grow from USD XX Million in 2018 to USD XX Million by 2024, at an estimated CAGR of XX%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023. To Get Sample Report @ https://www.ozonemarketreports.com/sample-request/low-friction-coatings-market/30386 By Market Players: Chemours Company, DOW Corning, Endura Coatings, Vitracoat, Inc., Poeton Industries, Whitford Corporation, Bechem, ASV Multichemie Pvt., Ltd., GMM Coatings Pvt., Ltd., IKV Tribology, Ltd., Whitmore Manufacturing Company, Harves Co., Ltd. By Type PTFE-Based Low Friction Coatings, MOS2 Based Low Friction Coatings, Others By Application Aerospace Industry, General Engineering, Food & Healthcare, Energy, Other End-Use Industries The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential tren
Read more

Global Lightning As A Service Market Growing At A CAGR Of Approximately 37.2% by 2026

-
Over the last few years, facility management has faced a major disruption with the increasing demand for energy-efficient lighting. In developed countries, there is a gradual decrease in the use of conventional lighting. For example, the US has eclipsed conventional lighting since the Energy Independence and Security Act (EISA) was passed in 2007. The LED lighting market has become vital to meet the EISA energy standard. Lighting as a Service (LaaS) is an emerging technology service trend, where a business or customer pays a monthly rent to the lighting service providers. The global Lightning as a Service market was valued at US$ 173.7 million in the year 2018 and is expected to reach US$ 844.6 million by the year 2023, growing at a CAGR of approximately 37.2%. The LaaS market is driven by factors such as less than minimum capital cost model & financial benefits, coupled with government policies related to the adoption of energy-efficient lightings. However, the quality issu
Read more