Global smart electric meter market may exhibit a CAGR over 8% through 2030. Globally, a herd of countries have set ambitious net zero carbon emissions target for 2050, and smart metering is a vital component in allowing several public sector organizations to monitor their energy consumption to reduce costs on energy bills.
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Smart meters have effectively taken over the previously predominant adoption of traditional gas and electricity meters across Great Britain amidst advancing infrastructure that is aiming for a cost effective, cleaner, and more efficient energy system.
The retail market of Great Britain continues to transform in terms of energy consumption and serve energy consumers better by leveraging smart meter technology, overcoming the lacking manual meter reads and estimated billing.
Government deployment of smart ‘time of use’ tariffs is encouraging consumers to use energy for cost-effective integration of digital technologies including electric vehicles and smart appliances with renewable energy sources.
By the end of 2021, Great Britain’s public sector witnessed installation of 25.2 million smart meters across small businesses, residential spaces and homes, and other parts of public sector. Close to 1.5 million of these smart meters were adopted by the non-domestic sector.
The region’s energy suppliers are aiming for aggressive annual installation targets beginning January 2022, in the pursuit of boosting rollout progress.
The two most vital ingredients for a hospitality business to thrive are energy and gas with higher availability, accessibility and affordability. Highly volatile energy and gas costs are rendering hospitality as well as smaller businesses like pubs, cafes, accommodation providers and food suppliers under immense pressure.
Under uncertain times, the hospitality industry is offering lucrative scope for adoption of smart metering system and renewable technologies to become more energy efficient in the process.
Lighting and heating are the two most energy-intensive activities within a hospitality space. According to the Department of Environment, nearly 70% of the energy spent by a hotel is contributed by heating of space and water, whereas lighting accounts for 8% and catering 12% of total energy consumption.
The ever-growing tourism industry contributes to 2% of carbon emissions is likely to soar by 1 % due to increasing demand from the surging number of travellers which grew from 12 million in 50s to 1,035 million in 2012 and expected to reach 1.8 billion by 2030, as per UNWTO, prompting the tourism and hospitality industry to take sustainability measures.
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Partial Chapter of the Table of Content
Chapter 5 Smart Electric Meter Market, By Technology
5.1 Smart electric meter market share by technology, 2021 & 2030
5.2.1 Global market from AMI, 2018 – 2030
5.2.2 Global market from AMI, by region, 2018 – 2030
126.96.36.199 Global market from RF, 2018 – 2030
188.8.131.52 Global market from RF, by region, 2018 – 2030
184.108.40.206 Global Smart electric meter market from PLC, 2018 – 2030
220.127.116.11 Global market from PLC, by region, 2018 – 2030
18.104.22.168 Global market from cellular, 2018 – 2030
22.214.171.124 Global market from cellular, by region, 2018 – 2030
5.3.1 Global market from AMR, 2018 – 2030
5.3.2 Global market from AMR, by region, 2018 – 2030
Chapter 6 Smart Electric Meter Market, By Phase
6.1 Smart electric meter market share by phase, 2021 & 2030
6.2 Single phase
6.2.1 Global market from single phase, 2018 – 2030
6.2.2 Global market from single phase, by region, 2018 – 2030
6.3 Three phase
6.3.1 Global market from three phase, 2018 – 2030
6.3.2 Global Smart electric meter market from three phase, by region, 2018 – 2030
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