by Shane Henson — September 27, 2013—TechNavio, the market research platform of Infiniti Research Ltd., recently published a report covering the global smart energy meter market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Per the Global Smart Energy Meter Market 2012-2016 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 United States, have opposed the installation of smart energy meters because of 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.
According to TechNavio, 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 analyzing the strengths, weaknesses, opportunities and threats facing the key vendors.
