Research conducted by Technavio reveals that the smart energy meters market is expected to grow at a CAGR of 19 percent. The report, which focuses on EMEA, Americas and APAC indicates, that the market is currently driven by the better financial planning exhibited by end users, among other factors.
With improving technology and features, end-users are in a better position to plan their finances. This in turn is encouraging the adoption of smart energy meters. With more advancement in technology consumers can also measure the impact of their usage of various household appliances thus leading to more savings in terms of money and emissions, reports Technavio analyst.
In spite of the need, lack of industry standards hinders the growth of this market. However, the various initiations by regulatory authorities are expected to drive market growth.The global smart energy market is marked by preference of wireless smart meters over wired meters. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, Global Smart Meter Energy Meters Market 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.
Companies mentioned in this report include: Landis+Gyr, Echelon, Itron and Elster.
For more information about this report please visit https://www.technavio.com/content/global-smart-energy-meter-market-2010-2014 or email enquiry@technavio.com
