Energy and Power Smart Electric Meter Market | Page 2

The three-phase segment is expected to grow at the fastest pace in the smart electric m eter
market, by phase, during the forecast period.
The three-phase segment is the fastest-growing market during the forecast period and is
projected to dominate the market during the forecast period. Three-phase meters are mostly
used in industrial applications and in large commercial applications. The premium price for the
three-phase meters over the single-phase meters and the growth in the number of industries and
commercial facilities drive the installations of the three-phase smart electric meters.
The Power Line Communication (PLC) segment is expected to hold the largest share of the
smart electric meter market, by communication technology type, during the forecast
period.
The PLC segment is the fastest-growing market during the forecast period and is projected to
dominate the market during the forecast period. The PLC is the most commonly used
communication technology due to its advantages such as the use of the existing utility
infrastructure of poles & wires, improved cost-effectiveness for rural lines, and usability in a
challenging terrain. The technology is mature with open standards and several vendors in the
market.
Asia Pacific: Key market for the smart electric meter market during the forecast period
In this report, the smart electric meter market has been analyzed with respect to 6 regions,
namely, Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa. Asia
Pacific is expected to be the largest smart electric meter market, by region, during the forecast
period. Asia Pacific is the most-populated region in the world and consequently witnesses a high
demand for electricity. The rise in investments in smart grid technologies and smart cities, the
increase in the number of data centers, and a surge in IT hubs and commercial institutions drive
the smart electric meter market in the region. China accounts for the largest share owing to the
large-scale rollout plans; the country accounted for the highest installed generation and
distribution capacity in the Asia Pacific region, resulting in an increased demand for smart electric
meters.
To enable an in-depth understanding of the competitive landscape, the report includes the
profiles of some of the key players in the smart electric meter market, such as Itron (US),
Landis+Gyr (Toshiba Corporation) (Switzerland), Jiangsu Linyang (China), Wasion (China), Aclara
Technologies (Hubbell Incorporated) (US), Schneider (France), Siemens (Germany), Honeywell
(US), and Iskraemeco (Slovenia).