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Smart Electric Meters: Worldwide Market Analysis & Outlook (2018-2023) - The Delay in Smart Meter Rollout Projects is Restraining Growth - ResearchAndMarkets.com

October 9, 2018
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, and Three Phase), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.The smart electric meter market is projected to grow from an estimated USD 9.27 Billion in 2018 to USD 11.33 Billion by 2023, at a CAGR of 4.11%, from 2018 to 2023.The increased need for efficient data monitoring systems, coupled with favourable government policies for a smart meter rollout is driving the market for smart electric meters. Other factors include improved cost savings, increased investment in smart grid projects in Europe and North America, and increased emphasis on renewable energy sources.The major factor restraining the growth of the smart electric meter market are the delay in smart meter rollout projects, and high initial investment acting as a restraint for growth in developing economies.

The residential segment led the smart electric meter market by end-user from 2018 to 2023, owing to the widespread use of sophisticated electrical, electronic, and data equipment. The commercial segment is expected to be the fastest-growing segment of the smart electric meter market, by end-user, during the forecast period.

By communication technology type, the PLC segment is the fastest-growing market during the forecast period and is also projected to dominate the market during the same period.

By phase, the three-phase segment is the fastest-growing market during the forecast period and is also projected to dominate the market during the same period.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Smart Electric Meter Market, By Phase

7 Smart Electric Meter Market, By Communication Technology Type

8 Smart Electric Meter Market, By End-User

9 Smart Electric Meter Market, By Region

10 Competitive Landscape

11 Company Profiles

AclaraGenus Power InfrastructureHolley MeteringHoneywellIskraemecoItronJiangsu LinyangLandis+Gyr (Toshiba Corporation)Microchip TechnologyNetworked Energy ServicesSchneider ElectricSiemensWasion Group

For more information about this report visit https://www.researchandmarkets.com/research/vqxtmh/smart_electric?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005535/en/

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Related Topics:Utilities,Electricity,Smart Grid

KEYWORD:

INDUSTRY KEYWORD: ENERGY UTILITIES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/09/2018 06:20 AM/DISC: 10/09/2018 06:20 AM

http://www.businesswire.com/news/home/20181009005535/en

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