Table of Contents
Smart meters have grown in recent years. Government policies and fiscal incentives have been the principal drivers of the global smart meters market, through mandated use and incentives. Several countries have enacted legislation, making the adoption of smart meters mandatory as part of a broader clean energy initiative.
The report “Smart Meters Market by Type (Electricity, Water, & Gas), by End-User (Residential, Commercial & Industrial), and by Region (Americas, Asia-Pacific, Europe, & RoW) - Global Trends and Forecasts Till 2019” defines and segments the global smart meters market with analysis and forecast of the global market size ($billion). The report also touches upon various important aspects of the market. These include analysis of the value chain, drivers, restraints, opportunities, challenges, Porter’s Five Forces model, and the competitive landscape.
Americas dominating the smart meters market
The Americas held the largest market share of 41% in 2013. In North America, the U.S. is the largest market and is expected to continue its dominance in the smart meters industry. The country is currently focusing on upgrading and replacing aging infrastructure, improving grid reliability, and enabling smarter power networks. Increasing demand for smart meters in North America is highly attributed to government initiatives, which comprise allocating funds and making smart meters mandatory in a number of states such as California and Texas. AEP, PG&E, Southern California Edison, Southern Company, Florida Power & Light, and Oncor are some of the largest utility groups having committed to full-scale rollouts of smart meters to all their customers. The following figure represents the market share of the region in the global smart meters market in 2013.
Leading players of this industry have been profiled with their recent developments and other strategic activities. These include Itron Inc. (U.S.), Elster Group (Germany), Landis+Gyr (Switzerland), Siemens AG (Germany), Schneider Electric SA (France), Badger Meter (U.S.), Circuator SA (Spain), EDMI (Singapore), Holley Metering Limited (China), Honeywell International Inc. (U.S.), ICSA India Limited (India), Neptune Technology Group Inc. (U.S.), and Sensus (U.S.).
Get Industry Insights. Simply.
Talk to Ahmad
+1 718 618 4302
Increasing global energy demand, replacement of aging infrastructure, and growing demand for customer-centric approach is expected to drive the growth of the smart gas market The smart gas market size ...
United States is expected to see steady growth in the smart meter market. Government funding for smart meters has considerably reduced since 2009. But, demand for more grid stability will act as a majo ...
United Kingdom is expected to see steady growth in the smart meter market. Factors such as EU mandate for 80 % of meters to be smart meters by 2022 and the government policy to put greater emphasis on ...