Market research Future Smart Meters Market_PDF. | Page 2

Smart Meters Market Research Report- Forecast to 2023
1 Summary
Growing demand for accurate billing and increasing efforts towards energy conservation will increase the
global smart meter market growth. Smart meter is the next generation of a gas and electricity meter. It
measures the amount of electricity a customer uses. It digitally send meter readings to the energy supplier
for more accurate energy bills. Stringent government regulations for the adoption of smart meter also
fuelling the growth of the market. However high installation costs is the factor may hamper the growth of
the market.
Global smart meters market is projected to grow at a CAGR of 8.7% during the forecast period.
Key Players:
The key players of global Smart Meters market are Itron, Inc. (U.S.), Siemens AG (Germany), Sensus
(Xylem) (U.S.), Badger Meter, Inc. (U.S.), Aclara Technologies, LLC. (U.S.), Kamstrup A/S (Denmark),
Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), Wasion Group (China), and Toshiba
Corporation (Japan).
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