Factors driving the smart meters market include stringent government policies, rise in smart grid deployment, and utilities urge in enhancing their distribution efficiency. Growing demand for energy, coupled with increasing investment in power sector is expected to drive the global smart meters market to $18.2 billion by 2019, at a CAGR of 10.2% from 2014-2019.
The smart meters market has also been analysed with respect to Porter’s Five Forces model. Different market forces such as the bargaining power of suppliers, bargaining power of buyers, degree of competition, threat of substitutes, and threat of new entrants have been analyzed with respect to the smart meters industry. The report also provides the competitive landscape of the major market players, which includes mergers & acquisitions, awards & recognition, expansions, investments, agreements & contracts, and new product launches. These developments indicate the growth strategies used by key industry players to drive the overall smart meters market. Some of the key players include Itron Inc. (U.S.), Elster Group (Germany), Landis+Gyr (Switzerland), Siemens AG (Germany), and Schneider Electric (France).
The report classifies and defines the contract value for the smart meters industry. The report also provides a comprehensive review of the major drivers, restraints, opportunities, challenges, and key burning issues of the smart meters market.