According
to Transparency Market Research’s new market research report,
titled ‘Electricity Meters Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2012 - 2018’, governments and
many other legislative bodies across the globe are undertaking
various initiatives to make sure smart meters are implemented in
their own regions, propelling the global electricity meters market
over the next few years. Electricity meters, also commonly known as
smart meters, are devices used to measure and monitor energy
consumption in households and industrial areas. These devices have
existed for years in the industry. In 2011, the demand for smart
electricity meters was 25 million units and is further expected to
surpass 148 million units in the next four years. Until 2018, the
electricity meters market is expected to grow at a CAGR of 18.7% from
2012 to 2018.
Browse
the full Electricity Meters Market Report at
http://www.transparencymarketresearch.com/smart-meters-market.html
The
market is impressively growing due to the need for electricity meters
as reliable and efficient power distribution setup systems. As smart
meters can be used in both micro and macro-level applications in
different industry verticals, they are widely implemented for various
purposes. Considering in terms of revenue growth, the electricity
meters market is expected to reach US$19.8 billion by 2018 from a
global figure of US$4.0 billion in 2011. The CAGR registered in terms
of revenue will be 16.5% from 2012 to 2018.
This
report analyzes and forecasts the global demand for electricity smart
meters in terms of volume (million units) and revenue (US$ million)
from 2012 to 2018. It also explains the key drivers and restraints
affecting the market, along with an analysis of their expected impact
on the future growth of this industry. It also provides an analysis
of the available market opportunities that could drive the
electricity meters industry over the forecast period.Demand for
electricity meters is rising due to the major benefits they hold.
Energy savings, knowledge of peak consumption, fraud detection, and
prepayment facilities are some of the key benefits of electricity
meters. Due to these advantages, there is growing awareness among
consumers about using electricity meters for controlling electricity
usage during peak hours. Such factors are expected to have a positive
impact on the demand for smart meters, in turn driving the global
electricity meters market over the 2012-2018 forecast period.
Browse
the full Press Release :
http://www.transparencymarketresearch.com/pressrelease/smart-meters-market.htm
However,
on the contrary, consumers have significant concerns regarding smart
meter systems due to lack of privacy and standardization. Hence,
these factors are expected to deter the market’s growth over the
next few years. Some of the major applications of smart meters
included in the market analysis are found in the residential,
commercial, and industrial sectors. The report also provides value
chain analysis for a better understanding of the supply chain of
smart meters, starting from the raw materials to supply of the
manufactured products, across various applications. It provides
analysis of the various ways adopted by utilities worldwide in an
effort to enhance efficiency and reduce operating costs through
monitoring of data. According to the report, smart meters are helping
the utilities fulfill these needs, promoting growth of smart metering
infrastructure across the globe.
Other
Reports Published by Transparency Market Research :
IT
Robotic Automation Market:
http://www.transparencymarketresearch.com/it-robotic-automation-market.html
eDiscovery Market:
http://www.transparencymarketresearch.com/ediscovery-market.html
Consumer Electronics Market:
http://www.transparencymarketresearch.com/consumer-electronics-market.html
The
report concludes with extensive information on the competitive
landscape of the global smart electricity meters market, including
the share of various smart meters market players and company profiles
of the same. Some of the key market players profiled are Holley
Metering Ltd., General Electric, Itron, Jiangsu Linyang Electronics
Co., Ltd., and Landis+Gyr.
Electricity
Meters Market, by Application:
Residential
Commercial
Industrial
Electricity
Meters Market, by Geography:
North
America
EMEA
(Europe, the Middle East, and Africa)
Asia
Pacific
Rest
of the World (RoW)
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=379
Key
Questions This Study Will Answer :
What is the market size and potential for Electricity Meters Market
products?
Which segment of Electricity Meters Market is growing the fastest?
How long will it continue to grow, and at what rate?
What is the greatest challenge faced by the Electricity Meters
Market and how can it be overcome?
Are the products and services offered currently meeting customer
needs, or are there additional developments needed?
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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