Smart meters represent a transformative technology for the utility industry and its customers. These technologically advanced meters enable greater insight into the usage of energy and provide enhanced control of the electrical grid.
The other meters, such as the smart gas meters and smart water meters, provide consumption patterns and further encourage the efficient management of resources. The global smart meters market is estimated at USD XX billion in 2016 and is projected to grow to USD XX billion, at a CAGR of XX%.
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The smart meters market can be divided by type into smart electricity meters, smart gas meters, and smart water meters. Households or businesses, equipped with a smart meter, can monitor their electricity, water or gas usage and make adjustments, which can reduce the overall usage and/or shift usage to non-peak hours when rates may be lower.
This offers added benefits in the case of electricity utilities, wherein the amount of electricity that needs to be produced at peak hours can be lowered, thereby reducing overall production costs. It also limits new capital investments that utilities would have to make, to handle higher peak-hour demand.
Smart grids are being implemented around the world with the aim of improving the efficiency of power networks. Smart electricity meters, which are an integral part of smart grids, are thus being adopted globally.
Most countries are following emission control regulations to tackle the environmental effects caused by pollution. Policies that promote energy efficient practices are a part of these regulations.
The implementation of such policies by governments around the world is helping in the growth of smart meters market.
The major factor that is presently restraining the smart meters market is the high installation costs that consumers have to bear, which has led to opposition from end-users regarding the implementation of smart meters. Consumers are also concerned about data privacy issues that could arise due to smart meter implementation.
Despite these restraints, various utilities in a few countries are rolling out smart meters on experimental and full-scale basis.
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What the Report Offers
Market definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the global smart meters market, with region specific assessments and competition analysis.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies, which can influence the market.
Extensively researched competitive landscape section with profiles of major companies along with their share in the market.
Identification and analysis of the macro and micro factors that affect the global smart meters market on a regional and global scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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Some points from TOC:
- Executive Summary
- Research Methodology
- Markets Covered
- Market Overview
4.2 Market Demand to 2022
- Market Dynamics
5.1.1 Rise in Smart Grid Deployment
5.1.2 Need for Improvement in Energy Efficiency
5.1.3 Energy Policies and Emission Control Strategies
5.2.1 Future Integration Issues
5.2.2 High Installation Costs Incurred by End-Users
5.3.1 Scope for New Technology Innovation
5.3.2 Tamper Proofing Technology
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