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| Electricity Meters |
The value chain for electricity meters comprises of power generation firms, as well as TSOs (Transmission System Operators) that are broadly responsible for supplying electricity on low, medium, and high voltage grids respectively. Electricity meter, also popularly referred to as a smart meter is an electronic measuring instrument
that enables two-way communication and transferring of data between
customers and utility players. It is a device that electronically
tracks all the consumption in areas of gas, water, electricity, and
other essential utility services. These intelligent energy
sustainability devices help to aid in efficient energy management
segments ensuring optimized usage. They offer the advantage of
informing the customers about their overall usage patterns in
low-rate times of the day and seasons, while enabling management of
the distribution of peak loads evenly by different utility companies.
Detailed Market Analysis of Electricity Meters is available at:
Owing to the benefits smart meters offer such as fraud detection,
peak consumption knowledge, prepayment facilities, and energy
savings; the need for efficient and reliable smart meters has become
extremely significant in the global market. Smart meters record the
detailed data, collects and stores interval data, and interfaces with
other devices, such as in-home displays, smart thermostats and
appliances, home-area networks, advanced control systems, and more.
Market of electricity meters is in a huge Success because the market
was valued at US$4.0 bn in 2011 and is expected to reach US$19.8 bn
by 2018, registering a CAGR of 16.5% from 2012 to 2018 in terms of
revenue. Electricity meters are devices that are deployed to measure
the consumption of energy in both industrial and household areas.
This market will grow as long as the consumption of energy continues
to increase due to the rising population and industrialization. The
global electricity meters market is expected to rise at a CAGR of
18.7% from 2012 to 2018.
The growing pressure on falling fossil fuel reserves and rising
dependence on renewable sources of energy has encouraged the adoption
of smart meters, which control the energy consumption of a given
unit. These meters have the ability to compensate and handle the
depleting supply of electricity to improve the customer service.
Therefore, they are an important device for a majority of the
companies operating in the electricity meters market. The factors
restraining the growth of this market are the poor rate of awareness
among end users and growing concerns pertaining to the privacy of
users in the forecast period. However, initiatives taken by
governments and other legislative bodies will open up new
opportunities for this market.
North America and Europe takes the Lead in the Market of Smart
Meters before as North America was the leader for this market in 2011
as it successively led the global market with its highest demand and
consumption. North America is followed by the Asia-Pacific market
that is also likely to experience a remarkable growth. It is expected
to be the fastest growing market in the coming years, and is
predicted to grow at a CAGR of 20.5% from 2012 to 2018. Both
Asia-Pacific and Europe are new and emerging markets in the world.
Some of the important players for this market are Landis+Gyr.,
General Electric, Holley Metering Ltd., Jiangsu Linyang Electronics
Co., Ltd., and Itron. The research report provides a thorough
explanation of the competitive landscape of the electricity meters
market by profiling these players, along with examining the
regulatory framework governing these companies. Furthermore, the
research report also provides an assessment of the financial
overview, research and development activities, investment outlook,
product portfolio, business and marketing strategies, and strategic
mergers and acquisitions of these players in the coming years.
The global electricity meters market is expected to witness an
increasing growth in the future, along with the support of various
government incentives and policies.
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