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Hexa Research Inc

This document provides an overview of the smart meters market from Hexa Research Inc., an industry research firm. It discusses key drivers and restraints for the smart meters market globally. The market is expected to grow due to government initiatives to reduce energy theft and monitor power consumption. Residential applications currently dominate the market. The Asia Pacific region is anticipated to experience increased growth. Major players in the smart meters market include Itron, Landis+Gyr, and General Electric.

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74 views

Hexa Research Inc

This document provides an overview of the smart meters market from Hexa Research Inc., an industry research firm. It discusses key drivers and restraints for the smart meters market globally. The market is expected to grow due to government initiatives to reduce energy theft and monitor power consumption. Residential applications currently dominate the market. The Asia Pacific region is anticipated to experience increased growth. Major players in the smart meters market include Itron, Landis+Gyr, and General Electric.

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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 resistance and lack of interoperability are expected to restraint
the market. Smart grid operators turning to smart electric meters and emerging economies provide key
opportunities to enhance the market growth in coming years.
Product Insights
Gas meters, electricity meters and water meters are the major products under smart meters category. In
addition to that, the smart meters offer two-way communication medium between utility and meters,
monitoring of power quality, enhanced accuracy, real-time data feeds and automated outage detection
features. Gas meters have usage application highest in residential, commercial and industrial segments.
Water meters and electricity meters also find applications in residential, commercial and industrial
segments. These products are expected to witness growth in respective industries over the
forecastperiod.
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Application Insights
Smart meters find applications in sectors such as commercial, industrial and residential. Residential
sector dominates the market. Growing population in Asia Pacific countries has increased the demand for
residential structure followed by rise in demand of smart meters in coming years. Smart meters record
usages and provide data in home display as well as on web page. According to feedback on usages and
costs, user can save energy as well as cost associated with it which in turns the rise in demand for the
smart meters.
Load-variable tariffs as well as time-of-use tariffs offer easy energy consumption management in
residential sector. Smart metering also provides the facilitation of home energy management systems
(HEMS), which is expected to grow the demand of smart meters globally. Residential sector accounted
for the largest growing sector and expected to continue with the growth. High power consumption by

Hexa Research Inc.


Industry Research,Custom Research & Consulting
commercial and industrial sectors, accounted for the largest revenue growth. In these sectors, smart
meters are required which are robust, flexible and reliable due to heavy usage. Rise in urbanization has
increased the number of industries and production places which is expected to drive the market growth
over forecast period.
Regional Insights
Since evolution of smart meters, North America has witnessed the growth and is expected to continue
the growth in coming years. Until now, impact of regulations related to smart meters had more impact
in North America and Europe, however its impact is anticipated in Asia Pacific which is expected to
increase the growth of the market. Latin America, Africa and Middle East countries are also expected to
witness the significant growth of the market due to electricity demand owing to rising economic
conditions in near future.
Competitive Insights
Horstmann controls Ltd., Shenzhen kaifa technology Co. Ltd., Sentec Ltd., Sensus USA Inc., Secure
meters Ltd., Sagemcom SAS, Neptune technology group Inc., Landis+GYR Ltd., Kamstruo A/S, Jiangxi
sanchuan water meter Co. Ltd., Itron Inc., Iskraemeco, ICSA India Ltd, Holley Metering Ltd., The hager
group, GE energy, Esco technologies Inc., Elster group SE, Edmi Ltd., Echelon Corp., Hydrometer GMBH,
Circutor SA, Badger meter Inc. and AIDON SUOMI are the key players in smart meters market.
Table of Contents
Chapter 1 Executive Summary
1.1 Smart Meters - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Smart Meters Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Smart Meters Value Chain Analysis
2.4 Smart Meters Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
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Hexa Research Inc.


Industry Research,Custom Research & Consulting
Chapter 3 Smart Meters Application Outlook
3.1 Residential
3.2 Commercial
3.3 Industrial
Chapter 4 Smart Meters Regional Outlook
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Chapter 5 Smart Meters Competitive Landscape
5.1 Itron
5.2 Landis+Gyr
5.3 Holley Metering Ltd.
5.4 Jiangsu Linyang Electronics, Co., Ltd.
5.5 General Electric
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom
research and consulting services to a host of key industries across the globe. We offer comprehensive
business intelligence in the form of industry reports which help our clients obtain clarity about their
business environment and enable them to undertake strategic growth initiatives.
Contact Information:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: [email protected]
Website - http://www.hexaresearch.com/
Visit our Blogs: http://2015hexaresearchpapers.blogspot.com/

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