Tag Archives: Smart electric Meter Market

Smart Electric Meter Market Challenges – New Industry Overview and Forecasts To 2024

Forencis Research in its report titled, “Smart Electric Meter Market Size, Share, Industry – ****** Forecast from 2019 To 2024,” offers comprehensive insights and detailed research on the ****** Smart Electric Meter market over the forecast period 2019 – 2024. The report covers the key factors that are propelling the growth of the Smart Electric Meter market, untapped lucrative opportunities for manufacturers, latest trends and latest developments that are shaping the growth of the market and other valuable insights across different market segments.

 

Smart Electric Meter Market Growth With Worldwide Industry Analysis To 2024

The ****** Smart Electric Meter Market is estimated to reach USD 16.8 Billion in 2024 at a CAGR of 6.1%. Increasing adoption of smart grid growing and customer centric approach of the energy sector is expected to drive the smart electric meter market during the forecast period. However, high initial investment is expected to restrain the market during the forecast period. Internet of Things (IoT) enabled smart grid is expected to become an opportunity for ****** market.

 

Smart Electric Meter Market Revenue to Reach $11.33 Billion by 2023

The smart electric meter market is projected to grow from an estimated USD 9.27 Billion in 2018 to USD 11.33 Billion by 2023, at a CAGR of 4.11%, from 2018 to 2023. The market is set to witness growth due to the increased need for efficient data monitoring systems coupled with favorable government policies for smart meter rollout, improved cost savings owing to the use of smart meters making it a definitive case for adoption, and increasing emphasis on renewable energy sources globally.

 

The residential segment is expected to hold the largest share of the smart electric meter market, by end-user, during the forecast period.

Smart Meters Market Revenue to hit $19.98 Billion by 2022

The smart meters market is projected to reach USD 19.98 billion by 2022, at a CAGR of 9.34% from 2017 to 2022. Smart meters are used in the industrial, commercial, and residential sector, measuring energy consumption of the consumers. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the market globally. Residential customers are the fastest end-users of smart meters, followed by commercial and industrial customers. The North American market is estimated to be the largest market for smart meters, followed by Asia-Pacific in 2017. This trend is expected to continue till 2022. The growth of the smart meters market is driven by government policies, energy conservation, increasing smart grid deployment, and utilities urge to enhance distribution efficiency.

Smart Meters Market worth $19.98 Billion by 2022

According to the new market research report “Smart Meters Market by Type (Electric, Water, and Gas), Application (Commercial, Residential, and Industrial), Technology (Automatic Meter Reading and Advanced Metering Infrastructure), and by Region – ****** Forecasts to 2022”, published by MarketsandMarkets™, The smart meters market is projected to reach USD 19.98 billion by 2022, at a CAGR of 9.34% from 2017 to 2022. The North American market is estimated to be the largest market for smart meters, followed by Asia-Pacific in 2017. This trend is expected to continue till 2022. The growth of the smart meters market is driven by government policies, energy conservation, increasing smart grid deployment, and utilities urge to enhance distribution efficiency.

Smart Meters Market to exceed $19.98 Billion by 2022

The smart meters market is expected to grow from an estimated USD 12.79 Billion in 2017 to USD 19.98 Billion by 2022, registering a CAGR of 9.34% from 2017 to 2022. The North American market is estimated to be the largest market for smart meters, followed by Asia-Pacific in 2017. This trend is expected to continue till 2022. The growth of the smart meters market is driven by government policies, energy conservation, increasing smart grid deployment, and utilities urge to enhance distribution efficiency.

Browse 62 market data tables and 66 figures spread through 137 pages and in-depth TOC on “Smart Meters Market by Type (Electric, Water, and Gas)”

Smart Meters Market – Industry Analysis & ****** Forecasts to 2022

The smart meters market is expected to grow from an estimated USD 12.79 Billion in 2017 to USD 19.98 Billion by 2022, registering a CAGR of 9.34% from 2017 to 2022. The ****** market is witnessing a significant growth, which is driven by government policies, energy conservation, increasing smart grid deployment, and utilities urge to enhance distribution efficiency.

Browse 62 market data tables and 66 figures spread through 137 pages and in-depth TOC on “Smart Meters Market by Type (Electric, Water, and Gas) – ****** Forecasts to 2022”
https://www.marketsandmarkets.com/Market-Reports/smart-meter-366.html

Residential – the largest smart meters market by application