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.
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.
The major Smart metering system
industry participants include Landis+GYR, Circutor, Icsa, Siemens AG, Osaki
Electric, Itron, Schneider Electric, and Iskraemeco.
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
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
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
3.6.1.1
Effective non-revenue water (NRW) monitoring and control
3.6.1.2
Favourable government regulations
3.6.1.3
Accuracy & savings in billings
3.6.1.4
Emerging Intelligent sustainable water management solutions
3.6.1.5
Effective consumption pattern mapping
3.6.2
Industry pitfalls & challenges
3.6.2.1
High initial investment
3.6.2.2
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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