Smart Metering Systems Market in Utility applications to hit 200 million units by 2024

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Global Smart Metering Systems Market to reach
38bn by 2024 Fractovia.org
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Key Insights of Smart Metering Systems Market

• Global Smart metering system market has been
  growing rapidly in recent years, driven by the
  rising demand to seek more reliable, secure, and
  efficient ways to manage energy generation and
  its distribution. The intervention of the
  governments to adapt reliable power systems is
  the principal driver augmenting Smart metering
  system industry share. Endorsing the adoption of
  smart meters is effectively bringing value in
  billing and consumption.
• The rising demand for accountability and
  transparency in resource allocation has led to
  wide applications of smart meters in residential,
  commercial, and utility sectors. The demand for
  accurate energy usage from the service providers
  has driven the residential applications, which
  was worth USD 5 billion in 2015. Smart metering
  system industry share in commercial applications
  is foreseen to surpass USD 14 billion by 2024.
• There are two main types of smart meters
  Automatic Meter Reading (AMR) and Automatic Meter
  Infrastructure (AMI). Smart metering system
  industry from AMR technology is set to record a
  CAGR of over 6 over the period of 2016-2024,
  primarily driven by its high adoption rate in
  North America. AMI market is set to surpass 130
  million units by 2024, and is forecast to
  experience an average growth due to its high
  purchase and installation cost.

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Continued

• On the product front, Smart metering system
  industry is bifurcated as water, electricity, and
  gas.
• Smart electric meters are witnessing heavy
  demand, owing to its low price and energy
  efficiency.
• Smart metering system market share, from smart
  gas meters is anticipated to register a CAGR of
  10 over the period of 2016-2024.
• Smart water meters are expected to surpass 250
  million units by 2024, subject to stringent
  regulations introduced in controlling non-revenue
  water. (Water that has been produced and is
  lost before it reaches the customer)
• In terms of regional spilt, UK smart metering
  system market is projected to grow at a CAGR of
  16 over the period 2016-2024. U.S. smart
  metering system industry share worth USD 5
  billion in 2015, is anticipated to spectate a
  rapid surge over the forecast timeframe.
• The major Smart metering system industry
  participants include LandisGYR, Circutor, Icsa,
  Siemens AG, Osaki Electric, Itron, Schneider
  Electric, and Iskraemeco.

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U.S. Smart Metering Systems Market size, By
Product 2013-2024 (USD Million)

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Table of Contents
Chapter 1 Methodology Scope 1.1
Methodology 1.1.1 Initial data
exploration 1.1.2 Statistical model and
forecast 1.1.3 Industry insights and
validation 1.1.4 Research scope and
assumptions 1.2 Data Sources 1.2.1
Primary 1.2.2 Secondary Chapter 2 Executive
Summary 2.1 Smart metering systems industry
3600 synopsis, 2013 - 2024 2.1.1 Business
trends 2.1.2 Application trends 2.1.3
Product trends 2.1.4 Technology trends 2.1.5
Regional trends
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Continued
Chapter 3 Smart Metering Systems Industry
Insights 3.1 Industry segmentation 3.2
Industry size growth forecast, 2013 2024 3.3
Industry ecosystem analysis 3.3.1 Vendor
matrix 3.4 Technology innovation
landscape 3.5 Regulatory landscape 3.5.1
U.S. 3.5.2 UK 3.5.3 Sweden 3.5.4
Germany 3.5.5 Canada 3.5.6 China 3.5.7
Netherlands
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Continued
3.6 Industry impact forces 3.6.1 Growth
drivers 3.6.1.1 Effective non-revenue water
(NRW) monitoring and control 3.6.1.2 Favourable
government regulations 3.6.1.3 Accuracy
savings in billings 3.6.1.4 Emerging
Intelligent sustainable water management
solutions 3.6.1.5 Effective consumption pattern
mapping 3.6.2 Industry pitfalls
challenges 3.6.2.1 High initial
investment 3.6.2.2 Privacy concerns 3.7
Growth potential analysis 3.8 Price trend
analysis 3.9 Technology trends and
forecast 3.9.1 Automatic Meter
Infrastructure (AMI) 3.9.1 Automatic Meter
Reading (AMR) 3.10 Porters analysis 3.11
Competitive landscape, 2015 3.11.1 Strategy
dashboard 3.12 PESTEL analysis
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