Smart Electric Meter
This global Electric Water Heater market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Electric Water Heater Market will cross USD 30 billion by 2024, with global shipments set to grow at over 6%; as per a research report.
Rising disposable income has resulted in increasing use of electronic appliances by households, which has resulted in increasing electricity consumption. With the rising disposable income and enhanced living standards, households generally tend to progress in the energy ladder in terms of cost, quality, and convenience.
Innovative designs, increased energy efficiency, reduced space requirement, and replacement & the need for upgrading water heaters are stimulating the growth of residential segment. The increasing demand is also attributed to rising disposable income in the developing countries and increasing electrification in the region. This segment is estimated to further grow owing to changing consumer preferences and manufacturers developing products that comply with stringent energy-efficiency regulations.
The demand in the commercial segment is due to the increased requirements for large process portable water heaters. The commercial electric water heater market is affected by organizations preferring solar-powered products due to their advantages in the long run. These applications will grow at over 7% CAGR estimation from 2017 to 2024 to exceed 18 million units.
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The regulatory standards established for the electric water heater market followed by the system vendors may vary as per the region. For instance, National Appliance Energy Conservation Act (NAECA) in the U.S. makes suitable efficiency standards for various household appliances such as dishwashers, refrigerators, water heaters, dryers, and washing machines. NAECA mandates high-energy efficiencies periodically as per energy factor ratings on all residential electric, oil, gas, and tankless water heaters to effectively decrease energy consumption in home appliances.
Products with ohmic array technology offer instant on-demand heating with no heating elements. This technology includes graphite electrodes instead of metal heating elements, which eliminate chances of corrosion, plating, and scaling, offering a longer lifespan and low maintenance. This technology helps in saving time, conserves water & energy, and uses naturally occurring minerals to heat water. With this new technology, water is heated instantly by the direct transfer of energy. Water is the only element that gets hot inside as there is no heating element and thus the surface of the heater does not become hotter than water.
Ohmic heating eliminates the formation of steam bubbles throughout the heating cycle and results in a virtually silent heating operation. There is no heating element, so precipitation of minerals and chemicals dissolved in water can be avoided as precipitates around the heating element and in the bottom of the heating kettle can reduce the heating efficiency. These precipitates can further find their way into the drinks and food, which are prepared using the hot water.
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Table of Content:
Chapter 1 Methodology & Scope
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Electric water heater industry 360 degree synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 Electric Water Heater Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution channel analysis
3.3.2 Vendor matrix
3.4 Technology & innovation landscape
3.4.1 Grid interactive electric resistance water heater
3.4.2 Ohmic array technology
3.4.3 Smart water heater
3.5 Regulatory landscape
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Market Size Forecasters Add New Global Smart Electric Meter Market by Manufacturers, Countries, Type and Application, Forecast to 2024 to its research database. The report presents a deep study of the market growth factors and drivers. The report spread across 190 pages with table and figures in it.
Smart Electric Meter Market size is set to exceed USD 11 billion by Market Size Forecasters report examines the Smart Electric Meter Market for the period 2017- 2024. The primary objective of the report is to analyse the underlying factors that are driving growth of the futuristic outlook market: Smart Electric Meter Market, which is significantly transforming buying habits of consumers across various markets.
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Scope of the Report:
Growing demand for accurate billing coupled with efforts towards energy conservation will augment the global smart electric meter market growth. Rapid development of electricity network along with growing investment in smart grid will further complement the business landscape.
Increasing energy prices and growing instances of electricity theft will further boost product demand. According to a 2013 IMF report, global electricity theft was over USD 100 million. Rising concerns towards accuracy in billing among end users may positively influence the industry size.
The American Recovery and Reinvestment Act (ARRA) mandating strict regulations towards accurate billing along with increasing electricity demand will stimulate the U.S. smart electric meter market size. The U.S. Department of Energy and ARRA jointly invested USD 30 billion in 2009, to give an impetus to a wide range of sustainable energy projects and upgrade existing smart grid networks in the region.
Stringent regulations towards adoption of intelligent systems to precisely track electricity consumption will augment the smart electric meter market share. European Union Directive 2009/72/EC mandates member countries to undertake initiatives which will increase consumer awareness towards the benefits of adopting these products. Directive 2014/724/EU provides guidance to regulators on safeguarding and protecting consumers’ consumption data.
Smart Electric Meter Market Best Manufactures:
Siemens, Itron, Schneider Electric, Landis+GYR, Icsa, Circutor, Holley Metering, Iskraemeco, Osaki Electric, Honeywell International, Sensus Sentec, Elster Group, Badger Meter and Neptune Technology.
Global Smart Electric Meter Market, By Application
Global Smart Electric Meter Market, By Technology
Market Segment by Regions, regional analysis covers:
North America, U.S, Canada, Europe, Germany, UK, France, Italy, Spain, Asia Pacific, China, India, Japan, South Korea, Australia, Latin America, Brazil, Mexico, Middle East and Africa
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Table of Content:
Chapter 1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
Chapter 2. Executive Summary
2.1 Smart Electric Meter industry 3600 synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
Chapter 3. Smart Electric Meter Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024 (USD Million)
3.3.1 Vendor matrix
3.4 Technology innovation landscape
3.5 Regulatory landscape
Chapter 4. Smart Electric Meter Market, By Product
4.1 Smart electric meter market share by application, 2016 2024
4.2.1 Residential smart electric meter market, 2013 – 2024
4.2.2 Residential smart electric meter market, by region, 2013 – 2024
4.3.1 Commercial smart electric meter market, 2013 – 2024
4.3.2 Commercial smart electric meter market, by region, 2013 – 2024
Chapter 5. Smart Electric Meter Market, By Application
5.1 Smart electric meter market share by technology, 2016 2024
5.3.2 AMI smart electric meter market, by region, 2013 – 2024
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