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The Smart City Market statistical report, published by Market Research Future contains succinct information on the Smart City market of smart meter utility application, segmented by Region (North America, Europe, Asia-Pacific, and ROW) and forecast from 2016-2022. The various factors driving the smart city market are increasing urbanization, a large aging population, and increasing environment concern & resource scarcity.
A smart meter is a new electronic measuring device that is installed by utility to gain a two way communication between the consumer and the utility supplier. It can digitally send real time meter readings to both the consumer and the supplier and also manage the electrical system of the consumer. Thus smart meters enable users with real-time pricing, automated recordings of energy consumption without any errors. These smart meters enable instant fault detection and reduce labor cost.
North America Smart City Market of Smart Meter is expected to reach USD 29.10 Billion by 2022 with a CAGR of 31.51%
FIGURE 1 Global Smart City Market of Smart Meter, By Region, 2016 Vs 2022 (USD Billion)
Table of Contents
1. Info graphics Information
1.1 Global Smart City Market of Smart Meter, By Region, 2016 VS 2022 (USD Billion)
3. Global Smart City Market of Smart Meter, By Region, Market Data
List of Tables
Table 1 Global Smart City Market of Smart Meter, By Region, 2016-2022 (USD Billion) ………..5
List of Figures
Figure 1 Global Smart City Market of Smart Meter, By Region, 2016-2022, (USD Billion) ……….6