Smart Meters Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research Report
The global smart meters market is expected to grow from $11,300.0
million in 2014, and reach $20,682.8 million in 2020, growing with a CAGR of
10.6% during 2015-2020. The global market is mainly driven by government
policies supporting installation of smart meters. As a part of broader clean
energy initiatives, the governments in various countries have rolled out
legislations, which mandate the adoption of smart meters. The Asia-Pacific
market is expected to witness the fastest growth with CAGR of 11.2% during 2015
– 2020. This is due to supportive government initiative towards the
implementation of smart meters across several developing countries.
Additionally, as part of a five year nationwide plan to upgrade grid
infrastructure in China, the utilities in China continue to install large
numbers of smart meters in the country.
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The
increasing smart grid deployment is also supporting the growth of the global
market. The development
in smart grid deployment is being made in various fields, such as programmable
communicating thermostats, advanced metering infrastructure, and integration of
communications, sensing and control technologies with field devices in
distribution systems. The deployment of high-speed communications networks and
advanced sensors on transmission systems is improving the ability to control
and monitor operations across the transmission grid at high-voltage
substations.
TABLE OF CONTENT
Chapter 1. Introduction
1.1 Market Definition
1.2 Research Scope
1.2.1 Global smart meters market breakdown by
type
1.2.2 Global smart meters market breakdown by
end user
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.1 Introduction
3.1.1 Value chain analysis
3.2 Opportunities in the Market
3.2.1 Grid operators managing the demand for
power
Chapter 4. Global Smart Meters Market Size & Forecast (2011–2020)
4.1 Global Smart Meters Market Breakdown by
Type
4.1.1 Smart electric meter
4.1.2 Smart water meter
4.1.3 Smart gas meter
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