Smart Electric Meters: Worldwide Market Analysis & Outlook (2018-2023) - The Delay in Smart Meter Rollout Projects is Restraining Growth - ResearchAndMarkets.com

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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 increased need for efficient data monitoring systems, coupled with favourable government policies for a smart meter rollout is driving the market for smart electric meters. Other factors include improved cost savings, increased investment in smart grid projects in Europe and North America, and increased emphasis on renewable energy sources.
The major factor restraining the growth of the smart electric meter market are the delay in smart meter rollout projects, and high initial investment acting as a restraint for growth in developing economies.

The residential segment led the smart electric meter market by end-user from 2018 to 2023, owing to the widespread use of sophisticated electrical, electronic, and data equipment. The commercial segment is expected to be the fastest-growing segment of the smart electric meter market, by end-user, during the forecast period.

By communication technology type, the PLC segment is the fastest-growing market during the forecast period and is also projected to dominate the market during the same period.

By phase, the three-phase segment is the fastest-growing market during the forecast period and is also projected to dominate the market during the same period.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Smart Electric Meter Market, By Phase

7 Smart Electric Meter Market, By Communication Technology Type

8 Smart Electric Meter Market, By End-User

9 Smart Electric Meter Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Aclara
  • Genus Power Infrastructure
  • Holley Metering
  • Honeywell
  • Iskraemeco
  • Itron
  • Jiangsu Linyang
  • Landis+Gyr (Toshiba Corporation)
  • Microchip Technology
  • Networked Energy Services
  • Schneider Electric
  • Siemens
  • Wasion Group

For more information about this report visit https://www.researchandmarkets.com/research/vqxtmh/smart_electric?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Utilities, Electricity, Smart Grid

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Utilities, Electricity, Smart Grid