Thursday, 4 May 2017

Global Smart Metering Systems Market to reach $38bn by 2024

The industry analysis report “Smart Metering Systems Market Size, By Application (Residential, Commercial, Utility), By Product (Water, Electricity, Gas), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Italy, France, UK, Sweden, Italy, Portugal, China, Japan, South Korea, India, Australia, UAE, Saudi Arabia, South Africa, Lebanon, Egypt, Mexico, Brazil, Uruguay, Argentina), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” by Global Market Insights, Inc. says Smart Metering Systems Market size will exceed over USD 38 billion by 2024, escalated by emerging Intelligent sustainable water management solutions.

Global Smart metering system market has been growing rapidly in recent years, driven by the rising demand to seek more reliable, secure, and efficient ways to manage energy generation and its distribution. The intervention of the governments to adapt reliable power systems is the principal driver augmenting Smart metering system industry share. Endorsing the adoption of smart meters is effectively bringing value in billing and consumption.

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The rising demand for accountability and transparency in resource allocation has led to wide applications of smart meters in residential, commercial, and utility sectors. The demand for accurate energy usage from the service providers has driven the residential applications, which was worth USD 5 billion in 2015. Smart metering system industry share in commercial applications is foreseen to surpass USD 14 billion by 2024.

There are two main types of smart meters: Automatic Meter Reading (AMR) and Automatic Meter Infrastructure (AMI). Smart metering system industry from AMR technology is set to record a CAGR of over 6% over the period of 2016-2024, primarily driven by its high adoption rate in North America. AMI market is set to surpass 130 million units by 2024, and is forecast to experience an average growth due to its high purchase and installation cost. 
On the product front, Smart metering system industry is bifurcated as water, electricity, and gas.

·   Smart electric meters are witnessing heavy demand, owing to its low price and energy efficiency.

·    Smart metering system market share, from smart gas meters is anticipated to register a CAGR of 10% over the period of 2016-2024.

·      Smart water meters are expected to surpass 250 million units by 2024, subject to stringent regulations introduced in controlling non-revenue water. (Water that has been produced and is “lost” before it reaches the customer.

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The major Smart metering system industry participants include Landis+GYR, Circutor, Icsa, Siemens AG, Osaki Electric, Itron, Schneider Electric, and Iskraemeco.

Chapter 1    Methodology & Scope

1.1    Methodology
1.1.1    Initial data exploration
1.1.2    Statistical model and forecast
1.1.3    Industry insights and validation
1.1.4    Research scope and assumptions
1.2    Data Sources
1.2.1   Primary
1.2.2   Secondary

Chapter 2    Executive Summary

2.1    Smart metering systems industry 3600 synopsis, 2013 - 2024
2.1.1    Business trends
2.1.2    Application trends
2.1.3    Product trends
2.1.4    Technology trends
2.1.5    Regional trends

Chapter 3    Smart Metering Systems Industry Insights

3.1    Industry segmentation
3.2    Industry size & growth forecast, 2013 – 2024
3.3    Industry ecosystem analysis
3.3.1    Vendor matrix
3.4    Technology & innovation landscape
3.5    Regulatory landscape
3.5.1    U.S.
3.5.2    UK
3.5.3    Sweden
3.5.4    Germany
3.5.5    Canada
3.5.6    China
3.5.7    Netherlands
3.6    Industry impact forces
3.6.1    Growth drivers   Effective non-revenue water (NRW) monitoring and control   Favourable government regulations   Accuracy & savings in billings   Emerging Intelligent sustainable water management solutions   Effective consumption pattern mapping
3.6.2    Industry pitfalls & challenges   High initial investment   Privacy concerns
3.7    Growth potential analysis
3.8    Price trend analysis
3.9    Technology trends and forecast
3.9.1       Automatic Meter Infrastructure (AMI)
3.9.1       Automatic Meter Reading (AMR)
3.10  Porter’s analysis
3.11  Competitive landscape, 2015
3.11.1      Strategy dashboard 
3.12  PESTEL analysis

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