Smart Meters Market: Market Size, Trends and Growth Analysis

With increased deployment by the electric utilities, smart meters are rapidly being adopted around the world as part of larger smart grid initiatives. The global smart meter market, which experienced double-digit growth during 2006-2011, is projected to grow further in 2012 with a CAGR of 12% through 2017 and US $8.2 billion.
>  
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the global smart meter market and presents its findings in "Growth Opportunities in Global Smart Meters Market 2012–2017: Trends, Forecast, and Market Share Analysis."
 
Lucintel’s research indicates that real time information sharing regarding usage and tariff rates is one of the major drivers of this market. In addition, the increased costs in manual reading of meter data, as in case of analog and digital meters, have led to the growth of AMR and AMI. Yet the lack of a compatible, reliable, and flexible protocol development for interaction among different components across this system and lack of customer knowledge regarding use of smart meters remain challenges in smart meter market.
 
Factors affecting the market include technological advances, development of smart meters, and increasing prices of electricity generation along with increases in demand conditions, government incentives to promote green energy, and development of transmission facilities to provide energy to remote areas. The North America, APAC, and ROW markets are expected to show double-digit growth in the forecast period.
 
This report gives useful technical details and market information for both smart meter manufacturers and electrical utilities. The report, which provides trend scenarios and forecast statistics for 2012–2017, details drivers and challenges, industry background and characteristics, and makes an elaborate analysis of the global smart meters market, while also describing growth opportunities,

emerging trends, and leading manufacturers' profiles in the global smart meters market.
 
This research study is designed and intended for use by manufacturers, material suppl

iers, parts fabricators, OEMs, investors, executives, and consultants focused on the utility industry.
 
This unique report from Lucintel is expected to provide you valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report is estimated to save hundreds of hours of your own personal research time and is anticipated to significantly help in expanding your business in this market. In today’s unstable economy, you need every advantage that you can find to keep you ahead in your business.
 
To make business, investment, or strategic decisions, you need timely and adequate information. Smart meter market report fulfills this core need and is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, distributors and many more, who are dealing with this market.
 
Some of the features of report “Growth Opportunities in Global Smart Meter Market 2012-2017: Trends, Forecast, and Market Share Analysis” include these: