United Kingdom Smart electric meter market size to amass appreciable returns over 2019-2024
Category: #Technology  By Deepak Pardhi  Date: 2019-08-13
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United Kingdom Smart electric meter market size to amass appreciable returns over 2019-2024

UK to be a major contributor toward smart electric meter industry:

Smart electric meter market to witness significant growth during the forecast period. The United Kingdom has been foremost among most regions, as far as the global shift toward a digital economy and energy efficiency is concerned. The regional government seems to have been extremely proactive in this regard, indeed, the Government of UK designed a policy framework for smart meters under the ‘Smart Metering Implementation Program’. The program encompasses the introduction of a roll-out target to install 50 million smart meters in 30 million households by 2020 and aims to reduce household energy consumption by 5% to 15%. Indeed, this strategic move has been majorly credited for UK smart electric meter market gaining precedence over other regional counterparts.

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U.S. smart electric meter market is set to witness robust growth owing to the rising energy prices coupled with shifting focus toward billing accuracy. Significant encouragement by the policymakers and regulators toward the adoption of smart electrical technologies will augment the industry growth. As per the EIA?s Residential Energy Consumption Survey in 2015, the adoption of residential smart meters in the U.S. was estimated to be around 40%. Further, it has been analyzed that the electric utilities had installations of more than 70 million AMI units across the country till 2016.

Gemalto’s latest end-to-end security solution launch to protect the smart energy ecosystem vividly testifies how far smart electric meter market has come to progress. The solution is likely to be deployed by distribution system operators and smart meter makers, given that it provides secure digital identities, security lifecycle management for a longer product shelf life, and seamless connectivity solutions. Endowed with the ability to protect connected energy assets & the data they exchange and restore the trust of businesses on the expanding smart grid, this offer is likely to generate waves of anticipation in smart electric meter market.

Browse key industry insights spread across 511 pages with 1044 market data tables & 10 figures & charts from the report, “Smart Electric Meter Market” in detail along with the table of contents @

https://www.gminsights.com/industry-analysis/smart-electric-meter-market

Table Of Content For This Research Report:

Chapter 5    Smart Electric Meter Market, By Technology

5.1   Smart electric meter industry share by technology, 2017 & 2024

5.2   AMI

5.2.1   Global market from AMI, 2013 - 2024

5.2.2   Global market from AMI, by region, 2013 - 2024

5.2.3   RF

5.2.3.1    Global market from RF, 2013 - 2024

5.2.3.2    Global market from RF, by region, 2013 - 2024

5.2.4   PLC

5.2.4.1    Global market from PLC, 2013 - 2024

5.2.4.2    Global market from PLC, by region, 2013 - 2024

5.2.5   Cellular

5.2.5.1    Global market from cellular, 2013 - 2024

5.2.5.2    Global market from cellular, by region, 2013 - 2024

5.3   AMR

5.3.1   Global market from AMR, 2013 - 2024

5.3.2   Global market from AMR, by region, 2013 - 2024

Chapter 6    Smart Electric Meter Market, By Phase

6.1   Smart electric meter industry share by phase, 2017 & 2024

6.2   Single phase

6.2.1   Global market from single phase, 2013 - 2024

6.2.2   Global market from single phase, by region, 2013 - 2024

6.3   Three phase

6.3.1   Global market from three phase, 2013 - 2024

6.3.2   Global market from three phase, by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/smart-electric-meter-market

One of the pivotal factors responsible for this vertical to have progressed so far is the growing awareness regarding climate change and its hazardous impact on energy consumption and wastage. With energy efficiency becoming the global mantra, regional governments have been striving to strengthen regulations associated with GHG emissions, brainstorming strategies that would positively influence smart electric meter market trends. In line with the UN Climate Change Conference, specific renewable energy targets have so far been accepted by over 190 nations. Pertaining to the escalating demand for sustainable energy sources and the dire need to reduce carbon emissions, smart electric meter market trends are likely to undergo a dynamic transformation in the ensuing years.

Major players across the smart electric meter market include Iskraemco, Circutor, Apator, Kamstrup, Aclara, Neptune, Sensus, Badger Meter, Honeywell International, Osaki, Schneider, Itron, Siemens, and Landis+Gyr.

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About Author

Deepak Pardhi    

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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