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Global Smart Meters Market is projected to Grow at a CAGR of 9.34% from 2017 to 2022

The global smart meters market is projected to grow at a CAGR of 9.34% from 2017 to 2022, to reach a market size of USD 19.98 Billion by 2022.

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Global Smart Meters Market is projected to Grow at a CAGR of 9.34% from 2017 to 2022

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  1. Smart Meters Market by Type, Application, Technology, and Region - Global Forecasts to 2022 www.MarketsandMarkets.com

  2. According to the new market research 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", published by MarketsandMarkets™, The smart meters market is projected to reach USD 19.98 billion by 2022, at a CAGR of 9.34% from 2017 to 2022. The North American market is estimated to be the largest market for smart meters, followed by Asia-Pacific in 2017. This trend is expected to continue till 2022. The growth of the smart meters market is driven by government policies, energy conservation, increasing smart grid deployment, and utilities urge to enhance distribution efficiency. Don’t miss out on business opportunities in Smart Meters Market. Download PDF Brochure and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=366

  3. Smart meters are used in the industrial, commercial, and residential sector, measuring energy consumption of the consumers. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the market globally. Residential customers are the fastest end-users of smart meters, followed by commercial and industrial customers. High installation costs for end-users would be a restraint for the smart meters market. Browse and in-depth TOC on "Smart Meters Market" 70 - Tables 41 - Figures 150 - Pages View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/smart-meter-366.html

  4. “The residential application segment is expected to grow at the highest CAGR from 2017 to 2022” With regards to the application segment, the residential segment is expected to constitute the fastest growing market from 2017 to 2022. The meters measure the electricity, water, and gas consumption and communicate this to the central utility system. The installations of these devices in the residential sector helps in reducing CO2 emissions globally as the consumer’s inclination towards peak time savings of energy would increase. The increasing residential construction activities and government mandates like the European Union 20-20-20 policy, which aims to convert 80% of the installed meter base to smart one, have ensured the growth in the demand for smart meters. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=366

  5. “Asia-Pacific: The fastest growing market for smart meters” Asia-Pacific is estimated to be the fastest growing market for smart meters from 2017 to 2022. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the global smart meters market. China is expected to grow at the fastest pace during the forecast period. Furthermore, the growing power sector in India is expected to spur the growth of the market, and represents a promising opportunity for major smart meters providers. Japan is also expected to witness a significant growth during the same period. On the other hand, Europe and the Middle East are trying to boost their energy efficiency programs, T&D spending, and construction & infrastructural activities. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=366

  6. Target Audience: • Electric, water, and gas utilities • Smart electric, gas, and water manufacturing companies • Distributed energy generation solution providers • Smart electric, water, and gas meter vendors • Government and industry associations • State and national regulatory authorities • Distribution grid operators • Energy regulatory agencies • Investors and financial community professionals • State or government-owned corporations • Request for Customization@ • https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=366

  7. Key players - • 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.), • Toshiba Corporation (Japan), etc. • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=366

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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