GMI Research has published a new study titled “Global Smart Meter Market by Type (Smart Electric Meter, Smart Water Meter, Smart Gas Meter) and by Application – Analysis and Forecast (2014-2020)”, which orates the future prospects set to strike the Global Smart Meter Market during the forecast period.
Smart meters are digital meters that monitors the utility usage and share the usage information with the utility suppliers. Smart meters use two-way communication, firstly its record the usage at the point of usage and secondly it also sends back the usage information to the utility companies. Government policy mandates and fiscal incentives have been the major drivers for the demand of the smart meters in a major markets.
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The global market for smart meters has expanded rapidly in recent years and expected to increase in the coming years also. The market for smart meter is expected to grow at CAGR of 11.1% from 2014 to 2020. North America is the largest market in terms of unit shipments and revenues due to government initiative by making installation mandatory in some states. Asia pacific comes second and this market is growing rapidly due to the Chinese government’s 5-year nationwide plan to upgrade the grid.
This research report on the Smart Meter market provides in-depth analysis of the global market based on Smart Meter types, by application and major geographies for the period from 2014 to 2020. The report highlights the major market drivers driving the growth and also, challenges faced by market participants. The research report provides market size and forecast for all the market segments and vertical markets till 2020. The report also analyzes the competitive landscape, major players and their market share in 2014. The competitive landscape section of the report also captures and highlights the recent development in the market.
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The report also profiles the major companies active in this field, including Badger Meter Inc, Aidon Suomi, Hydrometer GMBH, Circutor SA, EDMI Ltd and Echelon.
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The global Smart meter market is segmented on the basis of types, application and geography:
Global Smart Meter market by type
• Smart Electric Meter
• Smart Water Meter
• Smart Gas Meter
• Smart Other Meters
Global Smart Meter market by application
Global Smart Meter market by geography
• North America
• Asia Pacific
• Rest of the World
Global Smart Meter market competitive landscape
• Major Players and their Market Share Analysis
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint ventures
About GMI Research
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GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomics factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.
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