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Dec 13, 2019 8:00 PM ET

Smart Meters Market is projected to reach $20.0 Billion by 2022


Smart Meters Market

iCrowd Newswire - Dec 13, 2019

The smart meters market is projected to reach USD 19.98 billion by 2022, at a CAGR of 9.34% from 2017 to 2022. The North American market is estimated to be the largest market for smart meters, followed by Asia-Pacific in 2017. This trend is expected to continue till 2022. Smart meters are used in the industrial, commercial, and residential sector, measuring energy consumption of the consumers. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the market globally. Residential customers are the fastest end-users of smart meters, followed by commercial and industrial customers. High installation costs for end-users would be a restraint for the smart meters market.

 

Target Audience:

 

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Scope of the Report:

By Type

By Application

By Technology

By Region

 

North America: The leading market for smart meters

The North American market dominates the smart meters market during the forecast period. In North America, the growth of the smart meters market can be attributed to focus on electricity, water, & gas, monitoring & prevention of leakage, and the repair & upgrade of aging infrastructure. Lot of smart meters rollouts are taking place in countries such as the U.S., Canada, and Mexico which would impart growth in the North American region.

 

Market Ecosystem:

The smart meters market ecosystem comprises of power and automation technology companies such as Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), and Toshiba Corporation (Japan), among others.

 

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Email: sales@marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/smart-meter.asp



Contact Information:

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com






Keywords:    Smart Meters Market, Smart Meter Market, Smart Meters, Smart Electric Meter, Smart Gas Meter, Smart Water Meter, Smart Energy Meters

Tags:    Wire, Extended Distribution, Research Newswire, English