Infinium Global Research Global Smart Meter Market | Page 2

Infinium Global Research has added a new report on Global Smart Meter Market. The report predicts the market size
of Smart Meter is expected to reach XX billion by 2021.
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
Sensus
Holley Metering Limited
Honeywell international Inc.
Badger Meter Inc.
Circutor SA
Icsa (India) Limited