Smart Meter Market May Hit $19.98 Billion

Published by MarketsandMarkets, the report, "Smart Meters Market, by Type (Electric, Water, and Gas), Application (Commercial, Residential, and Industrial), Technology (Automatic Meter Reading and Advanced Metering Infrastructure), and by Region - Global Forecasts to 2022", says the market for smart meters is expected to grow from an estimated USD 12.79 Billion in 2017 to USD 19.98 Billion by 2022, registering a CAGR of 9.34% from 2017 to 2022. The global market is witnessing a significant growth, which is driven by government policies, energy conservation, increasing smart grid deployment, and utilities urge to enhance distribution efficiency.

  • Residential - the largest Smart Meters Market by application
  • AMR technology segment would dominate the global smart meters market
  • North America: The leading market for smart meters

To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the Smart Meters Market, namely, Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), and Toshiba Corporation (Japan). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.

Browse 70 market data Tables and 41 Figures spread through 150  Pages and in-depth TOC on "Smart Meters Market" at http://www.marketsandmarkets.com/Market-Reports/smart-meter-366.html

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