Global Smart Metering Market (Electricity Gas & Water): Industry Analysis & Outlook (2017-2021)

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Industry Research by Koncept Analytics
Global Smart Metering Market (Electricity Gas
Water) Industry Analysis Outlook--------------
--------------------------- (2017-2021)
November 2017
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Executive Summary
Smart meters, enabling two-way communication,
provide energy consumption data to both utilities
and consumers. These smart meters prove to be the
most energy efficient systems which provide
accurate energy usage and bills and also
eliminate the cost of manual labor force to
conduct repeated checks. Smart meters are one of
the three key elements of advanced metering
infrastructure. A smart meter is an electronic
energy meter that records energy consumption and
transmits data to and from the utility company
frequently, thereby, allowing direct meter
reading and data analysis. These meters have
helped in addressing the needs for power grids.
Smart meters are broadly of three types i.e.
smart electricity meters, smart gas meters and
smart hot/cold meters. United States is one of
the largest market for smart meters, but most
growth potential at present is held by EMEA
region because of compulsory government mandates
and polies regarding renewable energy. The global
spending on smart meters is increasing at a
robust rate and the factors responsible for the
overall market growth include new housing starts,
increased penetration of smart meters,
urbanization and economic growth. The key trends
of the market include industry consolidation and
increased focus of major companies on research
and development (RD). The market is largely
challenged by technology evolution threat and
increased competition from Chinese peers. The
report offers an in-depth analysis of the Global
Smart Metering Market Industry Analysis
Outlook (2017-2021). Major companies that have
been covered in the report include LandisGyr
Group, Itron, Inc., Sensus (Xylem), Silver Spring
Networks.
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Rise in urban population or more broadly the
process of urbanization has proved to be a major
growth driver for the global smart meters market.
Global Smart Meter Market by Value (2012-2016)

• The global smart meter market value was recorded
  at US.. billion in 2016, increasing from US..
  billion in 2012. The market grew at a CAGR of ..
  for the period spanning 2012-2016.
• Global smart metering market is expected to be
  dominated by smart electricity meters with
  share by 2021, followed by smart gas meters with
  share in the same years.
• The global smart electricity meter market is
  expected to be valued at US.. billion by 2021,
  increasing from US.. billion in 2016. The market
  is likely to grow at a CAGR of .. for the period
  spanning 2016-2021.

Global Smart Meter Market Forecast by Type (2021)
Global Smart Electricity Meter Market Forecast by
Value (2016-2021)
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Global Smart Metering Market is set to see robust
growth especially from EMEA region due to
government mandates and policies to adopt smart
meters by 2020.
Global Smart Meters Investment Value (2012-2016)

• The global spending on smart meters reached US..
  billion in 2016, increasing from just US..
  billion in year 2012.
• By 2021, China is expected to make highest
  spending/investment on smart metering systems and
  is therefore expected to account for .. share,
  followed by Japan and Korea with .. share and
  .. share respectively.
• The UK is expected to account for largest share
  in EMEA regions spending on smart meters by
  2021. It is likely to account for .. share of
  the total spending followed by France with ..
  share in the same year as mentioned above.

EMEAs Investment on Smart Meters Forecast by
Region (2021)
Global Smart Meters Investment Share Forecast by
Region (2021)
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