The North American smart meters market dominates the regions, due to government initiatives in allocating funds and mandating the installation of smart meters in a number of countries in the region. Southern Company, Oncor, Southern California Edison, and AEP are some of the major utility groups, which have committed for full-scale rollouts to all the consumers.
The Asia-Pacific smart meters market is expected to grow with the highest rate in the coming years, due to supportive government initiative towards the implementation across several developing countries of the region. As part of a five year nationwide plan to upgrade grid infrastructure in Asia-Pacific, the utilities in China continue to install large numbers of smart meters in the country. The pilot projects are being introduced in India, which will support the deployment of meters on a large scale in the coming years.
Two of the major factors restraining the growth of the global market are lack of interoperability and lack of awareness about among consumers. Although, the awareness about smart meters is growing slowly among the consumers, but understanding the benefits offered by them is still limited among the consumers. This lack of understanding varies according to socio-economic status and age of the consumers. The competitors in smart meters market are using several methods for increasing awareness about the smart meters among the consumers.
Paid channels are most effective way of raising awareness and supporting the consumers to understand the significance of using smart meters visually. Interoperability is important for grid modernization, which will allow the end users and service providers to incorporate various technology solutions and capabilities; while supporting reliable operations at the same time. To overcome the lack of interoperability restraint, the industry experts and government are evolving interoperability through standards testing, development, and supporting policies.
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The research offers smart meters market size and market forecast for the period 2011 to 2020. The market size breakdown is as follows:
GLOBAL SMART METERS MARKET BREAKDOWN
By Type: includes global market size of smart electric meter, smart water meter and smart gas meter
By End Users: includes global market size of residential, commercial and industrial
By Geography: includes market size of North America, Europe, Asia-Pacific, and Rest of the World (RoW)
GLOBAL SMART METERS MARKET BREAKDOWN BY GEOGRAPHY
North America Smart Meters Market
- North America Smart Meters Market Breakdown by Country – the U.S., Canada, and Rest of North America
- North America Smart Meters Market Breakdown by Type
- North America Smart Meters Market Breakdown by End User
Europe Smart Meters Market
- Europe Smart Meters Market Breakdown by Country –Germany, France, Italy, the U.K., Spain, and Rest of Europe
- Europe Smart Meters Market Breakdown by Type
- Europe Smart Meters Market Breakdown by End User
Asia-Pacific Smart Meters Market
- Asia-Pacific Smart Meters Market Breakdown by Country – China, Japan, and Rest of Asia-Pacific
- Asia-Pacific Smart Meters Market Breakdown by Type
- Asia-Pacific Smart Meters Market Breakdown by End User
Rest of the World (RoW) Smart Meters Market
- RoW Smart Meters Market Breakdown by Country – Brazil and others
- RoW Smart Meters Market Breakdown by Type
- RoW Smart Meters Market Breakdown by End User
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