Smart Meter Manufacturing
The Smart Meter Manufacturing industry has surged ahead over the past five years to 2018, fueled by growing demand for smart meters and aggressive adoption of the technology nationwide. In addition to improving residential and commercial construction activity, demand for industry products has benefited from a greater number of utilities converting to smart grids. Industry revenue is anticipated to decelerate during the outlook period to 2023, as growth in residential and commercial construction is expected to cool. While individual smart meter manufacturers will struggle due to intense competition, growth in the industry as a whole will be attributed to higher smart meter adoption nationwide, due to the cost and energy savings the technology provides.
This industry manufactures smart meters, which are electrical, gas or water meters that record consumption information in intervals of an hour or less and communicate this information back to the utility for monitoring and billing purposes. Smart meters enable two-way communication between the meter and the central system.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.