The growing urgency associated with energy consumption and use of smart meters to achieve this is anticipated to prompt growth for the global smart gas meter market by product, the market has been segmented into diaphragm gas meters, turbine gas meters, rotary gas meters and others. World smart electricity meter market - opportunities and forecasts, 2014 - 2022 carl / october 14, 2016 / allied market research, energy and resources the smart meter market is witnessing significant growth with favourable government mandates and fiscal incentives. Technavio analysts forecast that the global smart gas meters market will reach $290 billion in 2014 one of the key factors contributing to this market is the increase in demand for natural gas.
This report outlines the current scenario of the smart electricity meter market, with an estimation of expected growth trends and an analysis of all the key factors influencing this market it also describes the competitive scenario and its intensity in the near future along with a forecast of the global smart electricity meter market. Smart meters market research reports & industry analysis smart meters represent the third generation of modern electricity meters used for measuring and communicating the real-time energy consumption of a utility ratepayer, electrical co-op member or at another electrical grid distribution end point. Smart meters were introduced in the united states and grew in market share compared with analog meters during the 1980s and 1990s, while such developments as the internet and better energy storage helped to improve the technology.
World smart meters market global opportunity and industry forecasts 2014 - 2022 favorable government policies along with fiscal incentives is a key factor driving the smart meters market. Smart meters are devices for accurately monitoring gas and electricity meter usage that can send usage information via radiofrequency electromagnetic radiation (rf) which helps the utility company to effectively manage the energy usage. Although the technologies and services included in global smart grid ict varies, one enabling technology is the deployment of smart meters in 2016, firms have quantified smart meter investment between $884 and $144 billion - some of the highest investment.
By type, the market is classified as smart electric meters, smart water meters, and smart gas meters based on the end-user industry, the market is bifurcated into industrial & commercial and residential. Usd 2,85000 | 2014 global smart energy meter industry report is a professional and in-depth research report on the world's major regional market conditions of the smart energy meter industry, focusing on the main regions (north america, europe and asia) and the main countries (united states, germany, japan and china.
The smart electric meter market by communication technology type (radio frequency, power line communication, and cellular), end-user (residential, commercial, and industrial), phase (single phase. On the surface, demographic, environmental, technological trends coupled with global size of the utilities market make smart meters and smart grid markets and the companies that operate in it look. This graph shows the forecast installed base of smart meters worldwide from 2014 to 2020 in 2017, the installed base of smart electricity, gas and water meters is projected to rise to one billion. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc in the end, the report introduced new project swot analysis, investment feasibility analysis, and investment return analysis. 2014 global smart meter industry report is a professional and in-depth research report on the world's major regional market conditions of the smart meter industry, focusing on the main regions (north america, europe and asia) and the main countries (united states, germany, japan and china.
The statistic shows the market size of the smart home market worldwide from 2016 to 2022 for 2020, the source forecasts the global smart home market to grow to around 409 billion us dollars. Asia pacific smart meters market is expected to grow at a cagr of 48% from 2016 to 2025 asia pacific is the fastest growing region by revenue but the growth rate by volume is moderate, which portrays a high growth potential in the region over the forecast period. The global market for smart meters has expanded rapidly in recent years and expected to increase in the coming years also the market for smart meter is expected to grow at cagr of 111% from 2014 to 2020. Global smart gas meter market statistical surveying is an inside and out investigation giving collate examination of the business for the period 2018- 2023 in the first place the global smart gas meter market report which covers market attributes, industry structure and commutative scene, the issues, want ideas, alongside business methodologies market adequacy.
The report segments the world smart meters market on the basis of types, end-users and regions on the basis of types, the market is segmented into smart electric meters, smart water meters and smart gas meters. November plug in 2014 ey's latest insights for power & utilities smart welcome to the smart future utilities must determine their strategies for thriving in a.
The global smart water metering market was valued at usd 373 billion in 2015, and is expected to grow at a cagr of 723% from 2016 to 2021 factors such as increasing focus towards reducing non-revenue water, retrofitting of aging water infrastructure, and the need for accurate billing are driving the market worldwide. Worldwide smart meters market 2014 to 2020 - industry survey the global market for smart meters is expected to reach usd 22,177 million by 2020, according to a new study by grand view research, inc smart meters provide two-way communication and benefits including time-based rates, faster power outage detection and resolution, and dynamic pricing among others. The global smart meters market is projected to grow at a cagr of 934% from 2017 to 2022, to reach a market size of usd 1998 billion by 2022.