Smart Energy Meter Market Will Reach $19.5 Billion In 2014
ROCKVILLE, MD -- (Marketwire) -- 03/30/11 -- MarketResearch.com has announced the addition of Infiniti Research Limited's new report "Global Smart Energy Meter Market 2010-2014" to their collection of Utilities market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6206376
TechNavio's analysts forecast that the Global Smart Energy Meter Market will reach $19.5 billion in 2014. One of the key factors contributing to this market growth is the initiative from regulatory authorities. The smart energy meter market has also been witnessing the growth in home area networking connectivity.
"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 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 features an in-depth examination of the key vendors including their SWOT analysis. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6206376 Add to Digg Bookmark with del.icio.us Add to Newsvine
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