MarketsandMarkets Global Smart Meter Market inclusive of Electric Gas and Water Market Will Reach

 Smart meter is an electronic measuring instrument which enables two-way communication and transfers the data between customers and utility players. It records 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. Major applications of smart meters analyzed in the report are residential, commercial, and industrial.

The global smart meter market is estimated to reach $15,261.4 million in 2016 from $4,381.0 million in 2010, at a CAGR of 20.8% from 2011 to 2016.

The market inNorth Americaaccounted for the highest share in the smart meter market with $4,614.7 million in 2011, and is expected to reach $11,612.0 million in 2016 with a CAGR of 20.3%.Europeand APAC are driving the smart meter installation and expected to hold 19.7% of the global market share in 2016. Residential was the largest and one of the fastest growing application in 2010. This was primarily due to the rapid replacement of standard & AMR meters with smart meters. If you need any kind of information on this article related topic click here: Smart Metering Companies　


Comments

Post a Comment

Popular posts from this blog

The Benefits of Advanced Metering Systems

  The following discusses the benefits of advanced metering systems in further detail, both from the consumer side and the Texas electric utility side. Increased Usage Control  - the real time feedback that consumers can get from the smart grid give them better control of their electric usage. With better control of their usage come lower Texas electricity bills. On top of that, reduced or more controlled usage will also reduce the amount of harmful emissions and thus contribute in the protection of the environment. Automated Systems  - Unlike the old grid, advanced metering systems will provide greater automation for the new Texas electricity grid. Manual meter readings will be a thing of the past and so will inaccurate billing. In a deregulated electricity market such as in Texas, consumers can easily and more swiftly switch from one Retail Electric Provider to another. This will also prompt the Texas electricity suppliers to provide better services and more innovative ...
Read more

Home Automation Makes Life Comfortable and Easier

  Everyone would wish to live a comfortable life. People buy home entertainment systems, spa equipment and several electronic gadgets to enjoy a relaxed, stress-free and comfortable life. Nowadays, more and more people depend on latest technology products in the market - home automation systems. It has made life comfortable and easier in numerous ways. With home automation technology, you can control your devices from any part of the world and automate devices in the home. It is one of the best technologies recently developed by man. You can control lights, electronic window blinds, coffee maker, air conditioner, microwave, and also a security system. No matter, you are in office or house, you can control easily control the device using an app. Home automation software concentrates on making homes safer and better through innovative technology. We have travelled a long path from depending on home security offered by large companies that operate from remote locations. Home automatio...
Read more