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Global Smart Meters Market to Witness 11% CAGR During 2015 - 2020: P&S Market Research


News provided by

P&S Market Research

16 Dec, 2015, 13:30 GMT

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P&S Market Research Logo (PRNewsFoto/P&S Market Research)

NEW YORK, December 16, 2015 /PRNewswire/ --

The global smart meters market is expected to grow from $11,300.0 million in 2014, and reach $20,682.8 million in 2020, growing with a CAGR of 10.6% during 2015-2020. The global market is mainly driven by government policies supporting installation of smart meters. As a part of broader clean energy initiatives, the governments in various countries have rolled out legislations, which mandate the adoption of smart meters. The Asia-Pacific market is expected to witness the fastest growth with CAGR of 11.2% during 2015 - 2020. This is due to supportive government initiative towards the implementation of smart meters across several developing countries. Additionally, as part of a five year nationwide plan to upgrade grid infrastructure in China, the utilities in China continue to install large numbers of smart meters in the country.

     (Logo: http://photos.prnewswire.com/prnh/20150727/756778)

Explore Report With Detailed TOC on "Global Smart Meters Market" at: https://www.psmarketresearch.com/market-analysis/smart-meters-market

The increasing smart grid deployment is also supporting the growth of the global market. The development in smart grid deployment is being made in various fields, such as programmable communicating thermostats, advanced metering infrastructure, and integration of communications, sensing and control technologies with field devices in distribution systems. The deployment of high-speed communications networks and advanced sensors on transmission systems is improving the ability to control and monitor operations across the transmission grid at high-voltage substations.

The information and data in the publication "Global Smart Meters Market Size, Share, Development, Growth and Demand Forecast to 2020 - Industry Insights by Type (Smart Electric Meter, Smart Water Meter and Smart Gas Meter), by End Users (Residential, Commercial and Industrial)" represent the research and analysis of data from various primary and secondary sources. Bottom-up approach has been used to calculate the global smart meters market by type and by end users. P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is aided by informed and detailed online and offline research.

Ask for Sample Pages: https://www.psmarketresearch.com/market-analysis/smart-meters-market/report-sample

The smart gas meter segment is expected to grow with the highest rate (11.7% CAGR) among all the types of smart meters, during the forecast period. This is due to reducing operational cost for utilities and increasing global energy conservation demand. The high capital expenditure of smart gas meters is still a restraint for the growth of the smart gas maters market. The technological advancements, such as enhanced customer service and distribution, meter-to-cash, asset management and leakage detection, are also driving the growth of the global smart gas meter segment.

The major companies operating in the global market include Itron Inc., Iskraemeco d.d., Landis+Gyr AG, Osaki Electric Co. Ltd., Elster Group GmbH, Siemens AG, General Electric Company, ICSA (India) Limited, Schneider Electric SA, and Holley Metering Ltd.

Browse Related Research at: https://www.psmarketresearch.com/industry-report/semiconductor-and-electronics

GLOBAL SMART METERS MARKET SEGMENTATION 

By Type 

  • Smart Electric Meter
  • Smart Water Meter
  • Smart Gas Meter

By End User 

  • Residential
  • Commercial
  • Industrial

GEOGRAPHICAL SEGMENTATION 

By Region 

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • Italy
    • The U.K.
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Rest of Asia-Pacific
  • Rest of the World
    • Brazil
    • Others

Explore Other Publication 

Automotive MEMS Sensor Market - https://www.psmarketresearch.com/market-analysis/automotive-mems-sensor-market

Industrial Refrigeration Market - https://www.psmarketresearch.com/market-analysis/industrial-refrigeration-equipment-market

Intelligent Transportation System (ITS) Market - https://www.psmarketresearch.com/market-analysis/intelligent-transportation-system-market

About P&S Market Research 

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we're keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

Contact:
Ms Somya
Manager - Client Partner
347, 5th Ave. #1402
New York City, NY - 10016
Toll-free: +1-888-778-7886 (USA/Canada)
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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