North America dominates the global market for wireless communication modules for smart meters, contributing a large proportion of the market's global revenue. According to marketinforesearch.com's new report 'Wireless Communication Modules for Smart Meters, 2013 Update - Market Analysis and Forecasts to 2020', The North American market will grow steadily through to 2020, supported by smart meter deployments. Its annual revenue, in 2012, was $379m. It is estimated to reach $433.7m in 2020.
The global market for cellular communication modules for smart meters is expected to grow gradually between 2013 and 2020. It will be driven by an increase in smart meter deployments around the world. Cellular and Radio Frequency (RF) communication modules are the two key wireless communication modules used in smart meters for two-way data transmission. The global market for smart meter communication modules is in the early growth phase with different segments of the market expected to grow at varied pace. Currently North America forms a major market for wireless communication as 85% of the smart meters installed in the region use wireless communication technology for transmitting the data to the utility center.
The global market for wireless communication modules for smart meters recorded annual revenue of $532m, in 2012. Its annual revenue is expected to increase to $1.312 billion, by 2020, as a result of the deployment of smart meters in North America, the UK and Japan. The preference for wireless communication modules over wired technology is due to their low cost and secured network. These factors will continue to drive the market's global revenue.
Read more details at http://marketinforesearch.com/smart-grid-c-785_122_406/wireless-communication-modules-for-smart-meters-2013-update-market-analysis-and-forecasts-to-2020-p-23369.html
About Report:
- The report analyzes market opportunities and challenges for the smart meter wireless communication modules' manufacturers in the global arena.
- Market size data for cellular communication modules and radio frequency communication module are provided for global and key countries for the 2009-2020 period.
- Qualitative analysis of market drivers, restraints and module pricing.
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