MarketsandMarkets: Global Smart Meter Market Inclusive of Electric, Gas, and Water Market Will Reach $15.2 Billion by 2016By Marketsandmarkets, PRNE
Monday, June 13, 2011
DALLAS, June 14, 2011 -
According to the new market research report ‘Global Smart
Meter Market by Shipments, Types, Geography, Applications,
Regulations Market Trends & Forecasts: (2011-2016)‘,
published by MarketsandMarkets (www.marketsandmarkets.com),
the global smart meter market is expected to grow from $4,381.0
million in 2010 to $15,261.4 million in 2016, at an estimated CAGR
of 20.8% from 2011 to 2016.
Browse 116 market data tables & figures and 293 pages
on “Global Smart Meter Market by
Shipments, Types, Geography, Applications, Regulations Market
Trends & Forecasts:
Early buyers will receive 10% customization of
Smart meter is an electronic measuring instrument which enables
two-way communication and transfers the data between customers and
utility players. It records the detailed data, collects and stores
interval data, and interfaces with other devices, such as in-home
displays, smart thermostats and appliances, home area networks,
advanced control systems, and more. Major applications of smart
meters analyzed in the report are residential, commercial, and
The global smart meter market is estimated to reach $15,261.4
million in 2016 from $4,381.0 million in 2010, at a CAGR of 20.8%
from 2011 to 2016.
The market in North America accounted for the highest share in
the smart meter market with $4,614.7 million in 2011, and is
expected to reach $11,612.0 million in 2016 with a CAGR of 20.3%.
Europe and APAC are driving the smart meter installation and
expected to hold 19.7% of the global market share in 2016.
Residential was the largest and one of the fastest growing
application in 2010. This was primarily due to the rapid
replacement of standard & AMR meters with smart meters.
The global installation for smart electric meter was 25,400.0
thousand units in 2010.The installation capacity for smart electric
meter is projected to reach 104,100.0 thousand units by 2016; with
a CAGR of 24.9% from 2011 to 2016 due to increasing demand for
smart electric meters in countries such as China, Australia, India,
Sweden, The Netherlands, Spain, and the U.S. through the
governments’ support worldwide and to reduce the environmental
footprint of the country. Also, the installations for smart gas
meter and smart waster meter also growing throughout.
Some of the key market players in the global smart meters market
based on their market presence and analysis are Landis+Gyr Ltd
(Switzerland), Itron Inc (U.S.), Elster Group (Germany), GE Energy
Company (U.S.), and Sensus USA Inc (U.S.).
The objective of the report is to highlight key market trends
and winning imperatives which can be strategically useful and
actionable for the stakeholders; i.e. smart meter manufactures,
government utility providers, private utility providers, private
customers, network operators, metering companies, smart grid
players, communication vendors, smart meter component manufactures,
and venture capital firms. The entire report is supported with lot
of facts and figures about market size (units), market revenues
($million), and policies and regulations for smart meter suppliers.
In addition to market sizes and forecasts, the report also provides
a detailed analysis of the market trends and factors influencing
market growth, offering in-depth geographic analyses of the smart
meters and their applications markets in North America, Europe,
Asia-Pacific, and Rest of the World (ROW). The report draws the
competitive landscape of the global smart meters market, providing
an in-depth comparative analysis of the technological and marketing
strategies key players are adopting in order to gain an edge over
MarketsandMarkets (M&M) is a global market research and
consulting company based in the U.S. We publish strategically
analyzed market research reports and serve as a business
intelligence partner to Fortune 500 companies across the world.
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and beverages, industrial automation, medical devices,
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telecommunications and IT.
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