Global Smart Commercial Electricity Meter Market: Industry News, Trends, Share,Posted by Ajay Daniel on September 18th, 2017 Smart commercial electricity meter is defined as an electronic device which is used to records the consumption of electric energy. Smart electricity meters involve real time sensors, power outage notification and power quality monitoring. These smart commercial electricity meters send meter readings to the energy supplier for more accurate bills. Smart electricity meter provide quick and accurate measurement of electricity use. Market Size and Forecast Global smart commercial electricity meter market is anticipated to flourish at a CAGR of 8.5% over the forecast period. Further, smart commercial electricity meter market is driven by various factors such as growing awareness among the consumers regarding saving electricity and rising adoption of innovative technology by commercial sector to curb electricity expenses are envisioned to flourish the growth of smart commercial electricity meter market. In terms of regional platform, Asia-Pacific region accounted for the largest market share followed by Europe. Asia-Pacific region is anticipated to continue its dominance over the forecast period. This region is most lucrative market across the globe owing to emerging economies such as India and China. In addition to this, China accounted the largest market of smart commercial electricity meter. The growth of china is attributed to various factors such as rapid urbanization and increasing energy saving measures. Europe region holds the second largest market share of smart commercial electricity meter across the globe. Further, evolution of consumer electronic industry and increasing demand for high-end commercial products are anticipated to foster the demand for smart commercial electricity meter in this region. Moreover, Europe region is expected to witness favorable growth on the account of stringent regulatory conditions and standardized policies. For Sample Pages please go through link below: http://www.researchnester.com/sample-request/2/rep-id-460 North America region is projected to witness a tremendous growth over the forecast period owing to technological advancement. U.S. and Canada are the dominating countries of smart commercial electricity meter market in North America region. Moreover, rapid development of electricity network and spiked penetration of internet of things into electricity meter devices are envisioned to foster the growth of smart commercial electricity meter market. Market Segmentation Our in-depth analysis has segmented global smart commercial electricity meter market into the following segments: By Technology Advanced Metering Infrastructure (AMI) Automatic Meter Reading (AMR) By Phase Single Phase Three Phase By Region Global smart commercial electricity meter market is further classified on the basis of region as follows: North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis. Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis Growth Drivers and Challenges Growing demand for accurate billing and rising awareness regarding energy conservation is believed to be the dynamic factor behind the rapid growth of smart commercial electricity meter market across the globe. Further, swift development of electricity network along with rising investment in smart grid are envisioned to flourish the growth of smart commercial electricity meter market by the end of 2024. Moreover, rising energy prices and increasing instances of electricity theft are also boosting the demand for adoption of smart electricity meter. Additionally, favorable governmental initiatives for the adoption of intelligent systems to limit electricity consumption are expected to positively impact the growth of smart electricity meter market. Furthermore, growing GDP figures and rapid urbanization are also predicted to fuel the growth of smart commercial electricity meter market. However, high cost associated with the installation of smart electricity meter is expected to hinder the growth of smart commercial electricity meter market by the end of 2024. Key Players Siemens Company Overview Key Product Offerings Business Strategy SWOT Analysis Financials Schneider Electric Landis+GYR Sensus Sentec Holley Metering Iskraemeco Osaki Honeywell International Elster Group Neptune Technology Scope and Context Overview of the Parent Market Analyst View Segmentation The global smart commercial electricity meter market is segmented as follows: By Technology Market Size & Y-O-Y Growth Analysis By Phase Market Size & Y-O-Y Growth Analysis By Region Market Size & Y-O-Y Growth Analysis Market Dynamics Supply & Demand Risk Competitive Landscape Porter’s Five Force Model Geographical Economic Activity Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio Recent Trends and Developments Industry Growth Drivers and Challenges Key Information for Players to establish themselves in current dynamic environment To know more about this research, kindly visit: http://www.researchnester.com/reports/smart-commercial-electricity-meter-market-global-demand-analysis-opportunity-outlook-2024/460 For Table of Content & Free Sample Report Contact: Ajay Daniel Email: ajay.daniel@researchnester.com U.S. +1 646 586 9123 U.K. +44 203 608 5919 Like it? 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