© 2016 Global Market Insights, Inc. USA. All Rights Reserved Smart Electric Meter Market to cross $10bn by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Smart Electric Meter Market to reach USD 10 Billion by 2024, driven by renewable energy integration to smart grid infrastructure. Robust implementation of government mandates and fiscal incentives toward the adoption of sustainable technology will drive the smart electric meter market size. Several countries have enacted distinct legislation mandating the adoption of AMI meters as a part of their comprehensive energy conservation initiatives. In March 2011, the Government of UK framed a rollout strategy and designed a policy framework for smart meters. The Smart Metering Implementation Programme is expected to achieve the installation of over 50 million smart meters by Smart Electric Meter Market  U.S. smart electric meter market is anticipated to exceed USD 1 Billion by Significant encouragement by regulators and policymakers toward the adoption of smart technologies will stimulate the business growth. As per the Residential Energy Consumption Survey conducted by the EIA in 2015, residential smart meter adoption across the U.S. stood around 40%. Furthermore, it has been analyzed that electric utilities across the country had installed over 70 million AMI meters till Industry Overview

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Smart Electric Meter Market

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Browse Full Market Research Report Of Smart Electric Meter Market Request for a Sample of this Research

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  AMI smart electric meter market will grow on account of continuous expansion and increasing share of renewables across centralized and decentralized grid infrastructure. Rapid technological advancements coupled with growing concern toward energy conservation will strengthen the business outlook. Smart meters integrated with automated data management systems have drastically eased the assessment of consumption patterns by the user.  UK smart electric meter market is witnessed to grow on account of growing measures toward the adoption of energy efficient products. Introduction of strict emission norms toward the development of sustainable technologies has created a competitive business scenario for leading manufacturers across the region. The Article 9-11 of the UK Energy Efficiency Directive provides rules on devices related to metering and billing information that needs to be provided to end users.  China, in 2017 accounted for over 70% smart electric meter market share across Asia Pacific. Growing penetration of smart technologies along with shifting focus toward energy efficiency will stimulate the business growth. Asian Development Bank is supporting the sustainable use of energy and the roll-out of smart meters is the top priority in line with the adoption of renewable and smart-grid technologies. China in its 13th five-year plan introduced various smart city projects that include the installation of smart meters across water and electric networks. Continue…

© 2016 Global Market Insights, Inc. USA. All Rights Reserved UK Smart Electric Meter Market Size, By Application, 2017 & 2024 (Million Units)

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continue  Shifting trends toward an effective measurement, monitoring, and utilization of resources to limit the overall energy challenges will drive the smart electric meter market. Metering and monitoring have been the essential tools for the measurement and efficient energy management. In addition, these provide building owners & operators with the information to improve building energy performance.  Key industry participants in the smart electric meter market include Apator, Iskraemco, Circutor, Kamstrup, Sensus, Aclara, Neptune, Badger Meter, Osaki, Honeywell International, Schneider, Siemens, Itron and Landis+Gyr.

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