Africa Baby Care Products Market - Infinium Global Research Global Smart Meter Market - IGR 2021 | Page 2
The report on Smart Meter by Infinium Global Research analyses the Smart Meter Market over the period of 2016 to
2021. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size
and future trends in Global Smart Meter Market. It will help a lot of decision makers to develop strategies and find
new opportunities in the Global Smart Meter Market.
Smart meter are digital electronic devices evolved from traditional analog meters, it is used to measure electricity
consumption for residential, commercial and industrial purpose. They record the data through two way
communications from utility and the consumer. These smart meters enables the consumers to reduce their meter
reading costs thereby reducing electricity bills by improving energy savings. Smart meter provide better real time
demand-supply equilibrium which improves electricity supply by managing need for more demand.
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Segments Covered:
Global smart meter market can be segmented on the basis of its different types as smart electric meter, smart water
meter and smart gas meter. Furthermore, on the basis of different uses global smart meter market can be
segmented as commercial & industrial and residential.
Principal driver in the global smart meter market are government regulations. Regions such as Asia-Pacific and
Europe will experience tremendous growth due to these mandates. For example, the UK government has set target
to replace 53 million electricity and gas meters by 2021, this initiative will boost up the market over the forecast
period. Smart meter also helps to balance demand supply and increases distribution efficiency and helps towards
conserving energy due to which global smart meter market is pacing up.
Companies Profiled:
Elster Group SE
Landis+GYR
Itron Inc.
Siemens AG
Schneider Electric SA
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