TechNavio recognizes the following companies as the key players in the Global Smart Energy Meter market: Echelon Corp., Elster Group SE, GE Energy LLC, Itron Inc., Landis+Gyr AG, and Sensus USA Inc.
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Global Smart Energy Meter market is the preference for wireless smart energy meters over wired meters. The utilities are shifting their preference from the wired meters to wireless meters. Advanced Meter Infrastructure (AMI) technology allows utilities to build a wireless two way communication system. For many years, a majority of the utilities have obtained data through monthly manual meter checks, which have proved to be inaccurate. Hence, the advanced wireless smart energy meters are gaining in popularity as they provide consumers with real-time pricing information.”
According to the report, one of the main factors driving the market is the introduction of usage based tariff plans. Smart energy meters have enabled utilities to introduce usage based tariffs, which work to the consumers’ advantage. The consumers can use energy depending on the peak-hour and non-peak hour usage slab.
Further, the report states that one of the main challenges is the resistance from consumers. Consumers, particularly in the US, have opposed the installation of smart energy meters due to reasons such as lack of community involvement, lack of credibility of the meters, and health concerns. The consumers have especially raised their voice against the negative impact these devices have on their health.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-smart-energy-meter-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report – Global Smart Energy Meter Market 2012-2016
