Smart Meters Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Smart Meters Market Analysis, Market Size, Share,

Regional Outlook, Industry Trends, Competitive Strategies

And Segment Forecasts, 2012 To 2020

Industry Insights

Smart meters market is expected to witness the growth over the forecast period due to its advantages

over traditional meters in terms of fulfilment of favourable regulatory conditions. Initiative from

government, electricity utility companies and other regulatory bodies are expected to increase the

usage of smart meters, increasing the growth of the market in coming years. Rules set by these

legislative bodies in order to, ensure secure energy theft, electricity supply, monitor & control power

consumption in household, industrial and commercial locations.

Furthermore, increasing activities in countries such as distribution networks, up gradation of meters,

generating capabilities and transmission systems are aiding the growth of smart meters globally. High

level of energy efficiency conducted by smart meters is expected to impact the industry over the

forecast period.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Growing demand and installation of advanced metering and smart grids infrastructure are impactful on

global market trends providing high growth of smart meters market. Consumption of smart meters is

increasing due to low operating cost as well as energy saving capabilities of smart meters. Rise in

penetration of machine-to-machine technology in home as well as industrial smart meter uses is

anticipated to positively impact the smart meters market growth over the forecast period.

Reduced carbon emissions, effective government policies for smart grid and enhanced operational

efficiency are the key drivers of smart meters market. However, lack of consumer awareness for smart

meters, cost bearing dilemma, consumer...