Smart Commercial Electricity Meter Market Global Industry Analysis By Development, Size, Share And Demand Forecast 2024
Recent report published by research nester titled “Smart Commercial
Electricity Meter Market : Global Demand Analysis
& Opportunity Outlook 2024” delivers detailed overview of the global
smart commercial electricity meter market in terms of market segmentation by
technology, by phase and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
The
global smart commercial electricity meter market is segmented into technology
such as advanced metering infrastructure (AMI) and automatic meter reading
(AMR). Further, advanced metering infrastructure (AMI) is projected to be the
fastest growing segment in overall Smart Commercial Electricity Meter market by
the end of 2024. Further, the growth of advanced metering infrastructure (AMI)
segment is riding on the back of advanced technical features as it notifies the
consumer to perform observation and maintenance task.
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Global
smart commercial electricity meter market is expected to register a 8.5% CAGR
over the forecast period. Moreover, the global smart commercial electricity
meter market is projected to expand at exponential revenue during the forecast
period i.e. 2017-2024. The market is expected to expand on the back of
favorable government policies and increasing consumer awareness.
The
three phase segment by phase is believed to showcase a considerable CAGR during
the forecast period. Moreover, Asia-Pacific region accounted the largest market
of smart electricity meter in terms of revenue in 2016. Likely, rising energy
saving policies by government in Asia-Pacific region is one of the major
factors propelling the growth of smart electricity meter market.
North
America and Europe regions are also bolstering the market of smart electricity
meter by the end of 2024. In addition to this, evolution of electronic industry
along with rising demand for high end commercial products are likely to
strengthen the growth of smart electricity meter market.
Rising energy prices
Growing
demand for energy saving product and rising awareness among the consumers to
limit the energy usage are predicted to boost the demand for smart electricity
meter. Further, rising investment to develop smart grid and increasing demand
for accurate electricity billing are bolstering the growth of smart electricity
meter market.
Stringent government polices
Favorable
government initiatives for the adoption of intelligent electricity meter to
curb the electricity consumption are likely to flourish the growth of smart
electricity meter market. Furthermore, technological advancement in the field
of electricity meters coupled with rising GDP figures of developed and
developing nations such as U.S., China and others are projected to supplement
the growth of smart electricity meter market.
On
the contrary, high cost related with the installation of smart electricity
meter is anticipated to hinder the growth of smart commercial electricity meter
market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global smart commercial electricity meter market which includes
company profiling:
Siemens,
Schneider Electric, Landis+GYR, Sensus Sentec, Holley Metering, Iskraemeco,
Osaki, Honeywell International, Elster Group and Neptune Technology.
The Final Report will cover the impact analysis of
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The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global
smart commercial electricity meter market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
About
Research Nester:
Research
Nester is a one-stop service provider with a client base in more than 50
countries, leading in strategic market research and consulting with an unbiased
and unparalleled approach towards helping global industrial players,
conglomerates and executives for their future investment while avoiding
forthcoming uncertainties. With an out-of-the-box mindset to produce
statistical and analytical market research reports, we provide strategic
consulting so that our clients can make wise business decisions with clarity
while strategizing and planning for their forthcoming needs and succeed in
achieving their future endeavors. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds.
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