Plastic Container Market Worth $112.5 Billion By 2025

The global plastic container market size is anticipated to reach USD 112.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. Increasing demand for convenient food products such as functional and nutritional drinks is expected to expand the scope for packaging container over the forecast period.

Packaging plays a crucial role in adding value to the product. Plastic packaging in the food and beverages industry is increasingly preferred owing to its aesthetic appeal and convenience, which attracts both manufacturer and consumer. This, in turn, is expected to fuel product demand over the forecast period.

PET is prominent material used for manufacturing plastic container. Attributes such as non-toxic, safe, and lightweight make it a preferred material for soft drinks, juice, and bottle water. Growing consumption of juice, functional drinks, and bottle water is expected to increase use of PET bottle and container in the food and beverages industry. Use of HDPE in plastic container is expected to witness significant growth over the forecast period.

HDPE is a preferred material for cosmetics, milk bottle, and jars. HDPE have superior barrier protection properties that protect the product from harmful radiation, moisture, and microbes, thereby extending the shelf life of product. Moreover, this material has superior strength and can be recycled, thereby making it a preferred material for shampoo, industrial lubricants, and paints.

Beverages accounted for more than 50.0% share of the global revenue in 2018. Increasing consumption of soft drinks in emerging countries such as India is expected to increase product demand over the forecast period. The cosmetic segment is expected to expand at the highest CAGR of 4.7% over the forecast period owing increasing demand for cosmetic products in China, South Korea, and India. This, in turn, is expected to expand the scope of plastic container over the next few years.

Asia Pacific dominated the global plastic containermarket and is expected to maintain its lead throughout the forecast period. Hectic working schedule has increased the demand for convenient food and beverages. This trend has resulted in increased demand for nutritional food and beverages, which, in turn, necessitated product launches in the region. Such factors are expected to expand the scope of plastic packaging, as this packaging type helps in extending product’s shelf life.

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https://www.grandviewresearch.com/industry-analysis/plastic-container-market

Further key findings from the report suggest:

  • By end use, beverages generated a revenue of USD 44.5 billion in 2018. The pharmaceutical sector is expected to reach USD 8.2 billion by 2025
  • China is one of the largest markets for plastic container. The country accounted for more than 70.0% share of the Asia Pacific market in 2018
  • The global plastic containermarket is highly fragmented with the top five players accounting for less than 10.0% share of global market
  • Some of the key players operating in the market are Amcor Limited, Berry Global Inc., Alpha Packaging, Silgan Holdings Inc., CKS Packaging, Inc., CCC Packaging, Polytainers Inc., Airlite Plastics., RPC Group Plc., and Reynolds.

Polyphenylene Sulfide Market Size Worth $2.14 Billion By 2025

The global polyphenylene sulfide market size is expected to reach USD 2.14 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to witness a CAGR of 8.8% during the forecast period. Several characteristics including high creep resistance, stiffness and strength, excellent temperature properties, and good chemical resistance are the key factors driving the PPS market growth.

The consumption of in automotive industries is projected to exhibit a significant growth owing to rising application in carburetor parts, exhaust gas return valves, flow control valves intended for heating systems, and ignition plates. PPS is also utilized in industrial applications including grills, hair dryer parts, cooking appliances, as well as serializable laboratory, dental, and medical equipment. This factor is anticipated to spur the product demand over the next few years.

Asia Pacific is anticipated to showcase substantial growth in light of rising living standard and increasing industrialization especially in China and India. Moreover, rising automotive, oil and gas, paints and coatings, and medical sectors will fuel expansion of the PPS market over the next seven years.

Growing demand for electrical and electronics components, including brush holders, motor housing, coil formers, connectors, terminal blocks, and thermostats and switch components in emerging economies including India, China, Malaysia, and Indonesia owing to rising disposable income of consumers is expected to propel polyphenylene sulfide market growth.

Rising consumption in coating applications owing to the high heat resistance, chemical resistance, and excellent electrical properties of polyphenylene sulfide will augment the demand. Also, high consumption in non-stick cookware, food processing, and chemical processing equipment will stimulate product penetration over the next few years.

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https://www.grandviewresearch.com/industry-analysis/polyphenylene-sulfide-pps-industry

Further key findings from the report suggest:

  • In terms of revenue, electronics and electrical application is projected to ascend at a CAGR of 8.8% over the forecast years
  • Automotive application led the global PPS market with a volume share of over 31.8% in 2018
  • Industrial, constituting a revenue share of 24.5% in 2018, is projected to exhibit a high growth in the next few years
  • Asia Pacific led the global Polyphenylene Sulfide (PPS) market in 2018 with 62.1% volume share. This trend is projected to continue over the next few years
  • Growing aviation industry on account of increasing government investments in aerospace mainly in India, South Korea, Singapore, and Malaysia is further expected to propel the demand from aerospace market
  • The market is highly competitive in nature. The main players include DIC, Toray Industries, Tosoh Corporation, SK Chemicals, Daicel Corporation, SABIC, Teijin Ltd. and RTP Company
  • Various manufacturers are concentrating on new product launches, capacity expansions, and technological innovations to estimate existing and future demand patterns from upcoming application segments.

Fish Sauce Market Size Worth $19.50 Billion By 2025

The global fish sauce market size is expected to reach USD 19.50 billion by 2025 registering a CAGR of 3.51%, according to a new report by Grand View Research, Inc. Fish sauce contains numerous vital nutrients and minerals including iodine and vitamins A & D. Rising cases of thyroid problems and related diseases have led to an increased demand across the globe, thereby augmenting market growth.

Fish sauce is widely used as a substitute for soy sauce in many countries as it has a numerous health benefits. It is also used as an ingredient for casseroles and soups, which is propelling its demand further. In addition, manufacturers are using natural fermentation processes by using anchovies and sea salt to retain the product’s nutritional value. This is likely to contribute to the market growth.

Fish sauce is a staple ingredient in many cuisines, which is also expected to spur the demand in future. Moreover, print and media advertisements have played a big role in creating awareness about the product, thereby supporting the overall market growth. U.S. being the largest consumer, North America is expected to be the dominant regional market over the forecast period. The market in Central & South America is projected to register the fastest CAGR of 3.8% from 2019 to 2025.

Some of the key companies in the global market are Teo Tak Seng Fish-Sauce Factory Co. Ltd, Pichai Fish Sauce Co., Masan Consumer Corporation, Rayong Fish Sauce Industry Co., Ltd., Shantou Fish Sauce Factory Co., TANG SANG HAH CO., Ltd., Thai Fishsauce Factory (Squid Brand) Co. Ltd., Fish Sauce Co., Ltd., Halcyon Proteins Pty. Ltd., and Hung Thanh Co. Ltd.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fish-sauce-market

Further key findings from the study suggest:

  • Traditional fish sauce is projected to be the fastest-growing, as well as the largest, product type segment over the forecast years
  • The restaurants application segment is likely to lead the global market expanding at the fastest CAGR of 3.6% from 2019 to 205
  • North America led the global fish sauce market in 2018 and accounted for a market share of 45%. The region is estimated to grow further at a steady CAGR during the forecast years
  • Key companies in the market focus on new product development and capacity and portfolio expansion to estimate existing and future demand patterns from upcoming application segments

U.S. Lubricants Market Worth $24.50 Billion By 2027

The U.S. lubricants market size is projected to reach USD 24.50 billion by 2027, expanding at a CAGR of 3.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for industrial lubricants in U.S. is anticipated to boost the market growth over the forecast period.

Rapid industrialization in the country led to higher consumption of oils in the industrial sector. Lubricants are widely used across various manufacturing industries, including metal forming, mining, paper & mill, construction, agriculture, food & beverages, energy, plastics, and others. Growth of the manufacturing industry has a direct impact on the demand for the lubricants. Increasing focus on the development of domestic manufacturing sector is likely to positively affect the demand for lubricants in the country. Other factors facilitating the lubricant consumption include focus on productive and cost-effective manufacturing techniques, increased mergers & acquisitions, and reshoring of factories.

Inflow of foreign investments in the marketspace, coupled with availability of several skilled labors with high adaptivity to technological interfacing, is driving the manufacturing sector in U.S. Rapid growth of the niche manufacturing sectors, like 3D printing, is also a key force behind constant demand for lubricants used in the printing machines. Moreover, as of 2017, in U.S., the major industrial machinery utilization was observed in the construction and agriculture industries, followed by the mining and food processing industries.

Furthermore, in terms of automotive industry movement, downsizing liter engine segment vehicles to reduce vehicle weight and enhance fuel efficiency is considered to be yet another key factor boosting the sales of passenger cars in U.S. With the rise in sales of automobiles in U.S., the projected consumption of lubricants in the manufacturing and maintenance of vehicles in the country is also expected to rise in the coming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-lubricants-market

Further key findings from the study suggest:

  • The automotive application segment held the largest share of 57.73% in U.S. in 2019 due to high demand for vehicle maintenance. Engine oils held the largest share in 2019 and transmission fluids are anticipated to witness the fastest growth over the forecast period
  • The aerospace sector is projected to expand at the fastest CAGR of 4.0% in terms of volume due to increased shipping demand for U.S. produced civil space systems, general aviation aircrafts, and commercial aircrafts
  • In the industrial application segment, industrial engine oil is projected to register the highest CAGR of 3.2% from 2020 to 2027 due to high demand for the product to enhance machinery life by reducing wear and tear of engine components
  • Key players in U.S. lubricants market such as Total S.A., ExxonMobil, British Petroleum, and Royal Dutch Shell have integrated operations across the value chain.

Polyethylene Furanoate Films Market Worth $800.9 Thousand By 2035

The global polyethylene furanoate films market size is anticipated to reach USD 800.9 thousand by 2035, according to a new report by Grand View Research, Inc., growing at a CAGR of 9.7% over the forecast period. The development of bio-based transparent conductive film comprised of silver nanowires for flexible optoelectronic devices is one of the key trends driving the demand for Polyethylene Furanoate (PEF) films. PEF films are better than PET films, in terms of performance, as they offer two to three times higher water vapor barrier, ten times higher oxygen barrier, and improved mechanical strength.

The use of PEF films in food packaging extends the shelf life of moisture-sensitive foods, such as crisps, cookies, cereals, medical, and personal care products, and oxygen-sensitive foods, such as dairy products, fish, and meat, as well as provides a good barrier of aroma for detergents, fish, and packaged cheese. The extended shelf life of these products also lessens the burden on the cold chain industry. The biggest challenge faced by PEF film as a product is the lack of large-scale commercialization of the product. As the product is in the introduction phase and has a single pilot plant established, the requirement of infrastructure and operations is high considering the huge target market to be captured.

This requires major funding and a possible partnership with packaging companies in the domestic markets as well as collaboration with domestic companies for the business development aspect, as done in Japan. Countries, such as Japan and India, recycle more than 80% of the plastics and buy PET at a relatively lower price, which does not make bioplastics a preferential option. This can be overcome if there are subsidiaries in place in respective countries that incentivize the use of bioplastics.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/polyethylene-furanoate-films-market

Further key findings from the report suggest:

  • The market was valued at USD 197.5 thousand in 2019 and is estimated to grow at a CAGR of 9.7% from 2020 to 2035
  • The packaging was the largest application segment in 2019. Biaxially Oriented Polyethylene Furanoate (BOPEF) films-based pouches offer 10 times higher oxygen barrier compared to BOPET pouches, which makes them suitable for liquid and dry products
  • Industrial application is estimated to emerge as the fastest-growing segment from 2020 to 2035 owing to increasing demand for PEF films in electronics application such as protective films for LED and OLED displays
  • Asia Pacific accounted for the highest market share of more than 45% in 2019 and will expand further at a steady CAGR from 2020 to 2035
  • This growth is attributed to the rising demand for sustainable, bio-based, and recyclable packaging and construction materials in the region

HVAC Control Systems Market Size Worth $29.2 Billion By 2025

The global HVAC control systems market size is expected to reach USD 29.2 billion by 2025, expanding at a CAGR of 12.2%, according to a study conducted by Grand View Research, Inc. The rise in demand for HVAC equipment and advent of smart controllers are some factors anticipated to positively affect market growth. The growing adoption of building management systems is also expected to impel market growth.

Advancements in the field of sensors is anticipated to offer opportunities for market growth over the forecast years. Numerous sensors including temperature and humidity form a core component of any HVAC system. These sensors gather real-time data and help smart functioning of the equipment by analyzing surrounding changes.

Technological upgrades in systems that improve energy efficiency of HVAC equipment are expected to further fuel the HVAC control systems market. For instance, Siemens provides Synco 700, a primary controller equipped with KNX communication standard. KNX helps in communicating energy related information and thus saves energy wasted in unnecessary heating/cooling. Such advancements are expected to increase adoption of energy efficient systems for controlling heating, ventilation, and air conditioning over the forecast period.

Furthermore, the rising demand for replacement and retrofit of controllers is expected to drive the market growth. Considering high installation costs, consumers seldom replace their heating, ventilation, and air conditioning equipment. However, just changing a unit used to operate the HVAC equipment can increase its efficiency. Thus, the demand for replacement and retrofit systems is anticipated to surge over the next six years.

The Asia Pacific market held largest market share in 2018 and is anticipated to continue its dominance over the forecast period. This is attributed to rising demand for heating, ventilation, and air conditioning in emerging economies such as India and China. In addition, rising disposable income among consumers will drive the regional market. The North America market is likely to exhibit more than 10% CAGR over the forecast period. This is attributed to rising adoption of smart homes in the region. In addition, presence of key market players in the region such as Nest and Honeywell will drive the market in this region.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hvac-control-systems-market

Further key findings from the report suggest:

  • The global HVAC control systems market is gaining traction owing to increasing popularity of building management systems that provide ease of controlling all the connected equipment in a building
  • The sensors segment accounted for a market share of over 30% in 2018 owing to the use of multiple sensors in HVAC controllers. These sensors are essential for measuring the environment condition and sending signals to the controller
  • The integrated control segment is anticipated to grow at a substantial CAGR of more than 12.0% from 2019 to 2025 owing to ease and comfort it offers by combining functions of multiple controllers in a single unit
  • The commercial segment is anticipated to witness healthy growth due to increasing demand across the hospitality sector
  • Climate change and increasing awareness regarding energy conservation are the primary growth drivers for the Asia Pacific market.

Europe Building-integrated Photovoltaics Market Size Worth $20.4 Billion By 2027

The Europe building-integrated photovoltaics market size is expected to reach USD 20.4 billion by 2027, expanding at a 27.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising demand for crystalline silicon (C Si) based Building-integrated Photovoltaics (BIPV) generated the premier revenue share on account of the high strength of the product.

Increasing demand for facade integration stems from the growth of building and construction industry, primarily in the developing economies in European region. The introduction of ventilated photovoltaic facades provides superior benefits such as greater yield in low irradiation and high temperature conditions, reduction of acoustic pollution, elimination of thermal barriers, and superior insulation performance.

The demand for building-integrated photovoltaics in Europe is anticipated to grow on account of the rising demand for aesthetically appealing solar energy-harnessing systems. According to a report published in Netherlands titled The Relative Importance of Aesthetics in the Adoption Process of Solar Panels in the Netherlands, aesthetic value of a solar panel is the greatest variable for 40% of buyers once the price is in a reasonable range. Hence, consumer preference towards BIPV products having good aesthetic value is gaining momentum which is anticipated to drive the market for black colored panels in the region during the forecast period.

Germany is one of the top country level market for the Europe accounting for 25.11% of the market share in 2019. The demand for building-integrated photovoltaics in roofs accounted for the highest market share driven by ease of product installation. BIPVs can be installed easily in the building roofs post-construction of the building as it requires minimal renovations. Besides, the segment has realized high technological advancements, which is expected to result in a decline in the overall installation costs leading to market growth over the forecast period.

Rising concerns regarding environmental pollution caused using non-renewable sources of energy are anticipated to drive the Europe BIPV market over the forecast period. The demand for the integration of photovoltaics stems from the superior aesthetic properties they impart. Building-integrated photovoltaics can replace regular roofs, windows, and building walls without compromising the aesthetics of the building, thereby leading to an increased adoption.

The presence of significant industry participants such as AGC Inc.; Canadian Solar; UAB GLASSBEL BALTIC; Onyx Solar Group Inc.; BiPVco; ISSOL sa; Heliatek GmBH; Polysolar; Flisom; ertex solartechnik GmbH; and Hanergy Mobile Energy Holding Group Limited will further aid market penetration.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/europe-building-integrated-photovoltaics-market

Further key findings from the study suggest:

  • The Italy building-integrated photovoltaics market revenue was valued over USD 613.8 million in 2019 and is projected to register a CAGR of over 29% over the projected period
  • Roofs-mount photovoltaics held the largest market share of over 39% in terms of revenue in 2019
  • Improved aesthetic appeal due to its transparent nature along with significant technological advancements in glass integrated installations is expected to drive the glass segment over the forecast period
  • Residential segment led the market due to efforts made by end users to limit their reliance on conventional sources and increase their adoption of greener sources of power generation
  • Spain is expected to witness the highest CAGR of 30.9% over the forecast period
  • Some of the major market players are AGC Solar, BIPV Ltd., Belectric Holding GmbH, and Heliatek GmbH. The companies are utilizing merger and acquisition strategy to enhance their global reach

Protein Expression Market Worth $3.0 Billion By 2025

The global protein expression market is expected to reach USD 3.0 billion by the year 2025 growing at a CAGR of 10.4%, according to a new report by Grand View Research, Inc. The growing demand for biologics and expansion of the biopharmaceutical industry have resulted in massive growth of the protein expression market. Rising demand for therapeutic proteins such as insulin, hormones, monoclonal antibodies, and vaccines is a major factor that propels growth of the market during forecast period. Thus, many biotechnology and pharmaceuticals companies have begun to concentrate on the development and manufacturing of advanced therapeutic proteins for the treatment of severe chronic diseases such as cancer, hemophilia, infectious diseases, anemia, and multiple sclerosis.

Increasing investment in the R&D, by biotechnology and pharmaceutical companies, is another major factor supporting the sector growth. The availability of new and advanced technologies to cater the needs of drugs & biologics product manufacturers boosts the adoption of protein expression products for research and manufacturing applications. In addition, several pharmaceutical and biotechnology manufacturers are undergoing collaborations and partnerships to achieve leadership in the sector. For instance, in December 2016, Takara Bio, Inc. signed a merger agreement with Rubicon Genomics, Inc. to strengthen its genomics business.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/protein-expression-market

Further Key Findings From The Report Suggest:

  • Prokaryotic expression systems segment was the largest revenue-generating amongst others owing to its large application in biologics and drug productions
  • Mammalian cell expression systems is the fastest growing segment of the protein expression market owing to its growing demand for proteomics research and biologics manufacturing
  • Reagents segment held the largest revenue share in the market, which is attributed to its repetitive purchase for therapeutic, industrial, and research applications
  • The services segment is projected to grow at highest rate due to increasing trend of outsourcing of protein expression services by research labs and drug manufacturers
  • Therapeutic application segment was leading in 2016, due to high demand of therapeutic proteins for the treatment of cancer, infectious diseases, anemia, hemophilia, and multiple sclerosis
  • The pharmaceutical and biotechnological companies segment dominated the sector in terms of revenue in 2016 due to rising focus on proteomics research and increasing production of biologics products
  • North America was the leading regional market in 2016 and is expected to maintain its dominance during the forecast period, because of the presence of large number of biopharmaceutical and biotechnology companies in this region
  • The Asia Pacific region is projected to grow at a highest CAGR during the forecast period owing to untapped opportunities in the developing countries including China and India
  • Some of the major players include Agilent Technologies, Inc., Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Merck KGaA, New England Biolabs, Promega Corporation, Qiagen, and Takara Bio, Inc.

Base Oil Market Size Worth $30.8 Billion By 2027

The global base oil market size is projected to reach USD 30.8 billion by 2027, expanding at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Rising demand for the product from the global automotive sector to formulate various oils is projected to remain the key factor driving industry growth.

Increasing demand for group II base oil among various end-use industries such as the automotive and industrial sectors is expected to drive market growth significantly over the forecast period. The rising popularity of base oils is majorly due to their high wear and tear resistance, improved thermal stability, low friction, and enhanced load carrying capacity. This is projected to increase product demand over the foreseeable future across the globe.

Research and development and production of new cutting-edge technologies such as ester-based fire-resistant oils are being commonly incorporated in a variety of industries and are used with hydraulic battery packs so as to sustain high pressures and temperatures. Additionally, numerous large-scale OEMs have implemented food lubrication NSF standards with the purpose of utilizing PAO food grade products in the food, beverage, and nutrition sectors. This, in turn, is expected to open new opportunities for the industry over the projected period.

Further, in terms of industry opportunity, over the past couple of decades, there has been a significant surge in interest towards bio-based lubricants and for base oils obtained particularly from vegetable sources. This is attributed to increasing awareness among global manufacturers and consumers towards environmental degradation which eventually led to a demand surge for sustainable alternative feasible products with reduced carbon footprints. Advanced economies of Asia Pacific and Europe have made it mandatory to replace conventional products with biodegradable counterparts.

Companies operational in the ecosystem has been constantly striving to adapt to the changing dynamics of the global market space, in-lining their products with formulated government policies and consumer preferences. For instance, ExxonMobil introduced Environmental Awareness Lubricants hydraulic fluids line. These innovations are likely to reflect the positive growth trend of the market over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/base-oil-market

Further key findings from the report suggest:

  • Group II base oil is expected to witness a CAGR of 1.6%, in terms of volume, from 2020 to 2027 due to steady growth in the lubricant industry
  • Industrial application accounted for a market share of 15.0% in 2019, in terms of revenue, owing to rising demand from emerging economies and growing automation in operations
  • Asia Pacific is expected to register the fastest growth rate of 5.5%, in terms of revenue from 2020 to 2027 owing to increasing industrial activities across key countries and rising investments in manufacturing facilities
  • Companies such as ExxonMobil Corporation, Royal Dutch Shell, and British Petroleum are the market leaders with their worldwide brand presence, catering to an array of industries such as automotive and industrial manufacturing
  • The market is concentrated with multinational brands presence globally with established long-term contracts with key end-user groups, thereby limiting the entry of new industry participants.

Smart Electricity Meters Market Size Worth $18.9 Billion By 2027

The global smart electricity meters market size is expected to reach USD 18.9 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a revenue-based CAGR of 7.8% from 2020 to 2027. The rising demand for energy security has been prevailing in the energy sector for a long time. Renewable energy generation has sufficed this demand to a certain extent. Still, the energy provided by such systems is intermittent, and thus energy conservation and efficient utilization of power are the key aspects of energy security. Smart meters deliver instantaneous data regarding power consumption that can be analyzed and the consumption can be controlled, stabilizing the energy demands.

These smart systems help the commercial end-use segment considerably as they assist in increasing the energy efficiency by providing real-time pricing and consumption data, which is directly related to the spending of the division. Smart meters are a fundamental component of an intelligent grid network. The smart grids are used to monitor and control the transmission system, which is an enhancement over the conventional electrical network. The initialization of smart grids in various regions is expected to fuel the demand for smart electric metering systems over the forecast period.

Increasing regulatory initiatives for the installation of smart electricity meters in various regions around the globe are likely to spur the market demand over the forecast period. For instance, smart/intelligent electricity metering regulations have been established for the European region, set up by the European Commission and most of the European population have adopted smart electricity meters under this mandate. The benefits of smart meters, such as time-based pricing, net metering, energy prepayment, power quality monitoring, communications with other intelligent devices, and energy theft detection, are encouraging the adoption of smart electricity meters in all countries.  

Click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-meters-market

Further key findings from the study suggest:

  • Growing adoption of smart grids by several regions is anticipated to drive the market growth over the forecast period
  • The residential segment is expected to hold significant smart electricity meters market share in 2019, owing to the need for customer energy management and flexibility in power load
  • The commercial end-use segment is expected to witness a considerable growth rate over the projected period owing to growing commercial buildings in urban areas
  • Europe market is expected to demonstrate substantial growth over the forecast period due to large-scale adoption of smart meters under regulations imposed by the European Commission
  • The key players in the smart electricity meters market areABB; GENERAL ELECTRIC; Holley Technology LTD.; Elster Group GmbH; Iskraemeco d.d.; Itron Inc.; Landis+Gyr; Schneider Electric, Inc.; and Siemens, among others.