27 Apr 2016 12:04:58
Electricity Meter-- An Intelligent Energy Sustainability Device
The value chain for electricity meters comprises of power generation firms, as well as TSOs (Transmission System Operators) that are broadly responsible for supplying electricity on low, medium, and high voltage grids respectively. Electricity meter, also popularly referred to as a smart meter is an electronic measuring instrument that enables two-way communication and transferring of data between customers and utility players. It is a device that electronically tracks all the consumption in areas of gas, water, electricity, and other essential utility services. These intelligent energy sustainability devices help to aid in efficient energy management segments ensuring optimized usage. They offer the advantage of informing the customers about their overall usage patterns in low-rate times of the day and seasons, while enabling management of the distribution of peak loads evenly by different utility companies.
Detailed Market Analysis of Electricity Meters is available at:
Owing to the benefits smart meters offer such as fraud detection, peak consumption knowledge, prepayment facilities, and energy savings; the need for efficient and reliable smart meters has become extremely significant in the global market. Smart meters record 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.
Market of electricity meters is in a huge Success because the market was valued at US$4.0 bn in 2011 and is expected to reach US$19.8 bn by 2018, registering a CAGR of 16.5% from 2012 to 2018 in terms of revenue. Electricity meters are devices that are deployed to measure the consumption of energy in both industrial and household areas. This market will grow as long as the consumption of energy continues to increase due to the rising population and industrialization. The global electricity meters market is expected to rise at a CAGR of 18.7% from 2012 to 2018.
The growing pressure on falling fossil fuel reserves and rising dependence on renewable sources of energy has encouraged the adoption of smart meters, which control the energy consumption of a given unit. These meters have the ability to compensate and handle the depleting supply of electricity to improve the customer service. Therefore, they are an important device for a majority of the companies operating in the electricity meters market. The factors restraining the growth of this market are the poor rate of awareness among end users and growing concerns pertaining to the privacy of users in the forecast period. However, initiatives taken by governments and other legislative bodies will open up new opportunities for this market.
North America and Europe takes the Lead in the Market of Smart Meters before as North America was the leader for this market in 2011 as it successively led the global market with its highest demand and consumption. North America is followed by the Asia-Pacific market that is also likely to experience a remarkable growth. It is expected to be the fastest growing market in the coming years, and is predicted to grow at a CAGR of 20.5% from 2012 to 2018. Both Asia-Pacific and Europe are new and emerging markets in the world.
Some of the important players for this market are Landis+Gyr., General Electric, Holley Metering Ltd., Jiangsu Linyang Electronics Co., Ltd., and Itron. The research report provides a thorough explanation of the competitive landscape of the electricity meters market by profiling these players, along with examining the regulatory framework governing these companies. Furthermore, the research report also provides an assessment of the financial overview, research and development activities, investment outlook, product portfolio, business and marketing strategies, and strategic mergers and acquisitions of these players in the coming years.
The global electricity meters market is expected to witness an increasing growth in the future, along with the support of various government incentives and policies.
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