DUBLIN--(BUSINESS WIRE)--The "Global
Smart Electricity Meter Market - Segmented by End User (Commercial,
Residential, and Industrial), and Region - Growth, Trends and Forecast
(2018 - 2023)" report has been added to ResearchAndMarkets.com's
The smart electricity meter market was valued at 93.09 million unit shipments in 2017, and is expected to reach 83.61 million unit shipments by 2023, at a CAGR of (0.64)% over the forecast period 2018-2023.
Smart metering solutions comprise of meters or modules, with communication capabilities embedded within the meter or attached to it. Energy transmission over long distances is highly expensive and inefficient. It is estimated that over 7% of the energy is lost during the transmission of electricity in the United States.
Smart metering systems are employed with two-way communication and control capabilities, which enable the central systems to analyze the data and take necessary actions to provide improved efficiency and handle systems efficiently in times of faults and failures. Smart grids play a crucial role in smart city deployment and are the primary consumers of smart electricity meters.
China is leading the market at the moment, with the rollout at its peak, due to strict mandates by the government. South China and State Grid, the only two grid companies in the country, drive the process. But the gradual end of the rollout is resulting in a significant reduction of demand year-by-year. In other countries, such as India, the study projects a substantial growth in the demand for smart electricity meters, with expected need of more than 2 million units yearly post-2020.
- Landis + GYR Group AG
- Wasion Group Holdings
Elster Group Gmbh
- Jiangsu Liang Energy Co. Ltd
- Sagemcom Sas
- Ningbo Sanxing Electric Co. Ltd
- Kamstrup A/S
- Hexing Electric Company Ltd
- Itron Inc
- Holley Technology Ltd
- Sensus USA Inc.
- Nanjing Xinlian Electronics Co. Ltd
Shenzhen Hemei Group Co. Ltd
Key Topics Covered:
2. Research Methodology
3. Market Analysis
4. Market Dynamics
5. Segmentation, by End User
6. Segmentation, by Region
7. Vendor Market Share Analysis
8. Competitive Intelligence - Key vendor Profiles
9. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/ngcsst/global_smart?w=4