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Global Smart Meter Market

Name: Global Smart Meter Market
SKU: 1422
Availability: InStock

Category: Technology

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Smart meter is referred to as an electronic equipment predominantly used to record crucial data pertaining to electric energy consumption, water usage, power factor, current, gas usage and voltage levels. These meters are equipped with the ability to communicate the crucial information via cellular or power line communication. This in turn helps the utility company to efficiently manage its energy usage. Smart meters also provide other advantages such as meter reading cost reduction along with the removal of billion inefficiencies.

Attribute	Key Insights
Estimated Market Value (2020)	21.79 USD Billion
Forecasted Market Value (2028)	54.34USD Billion
CAGR % 2023-2028	10.10%`
Leading Region	North America

The global smart meter market was worth USD 21.79 billion in 2020 and is poised to accumulate a valuation of USD 54.34 billion by 2030, thereby amplifying at a CAGR of 10.10% over the forecast period of 2022-2030. Surging needs for continuous power supply driven by rising urbanization and industrialization worldwide is primarily augmenting the outlook of this industry sphere.

Further, integration of digital technology to modernize energy efficiency measures and rising government investments in the field are adding traction to the market development. Also, the growing deployment of power grids coupled with technological advancements in the field are positively swaying the industry dynamics.

On the flipside, high installations costs and dearth of skilled professionals to manage the operations of smart meters are hindering the remuneration scope of this market sphere.

Also, the COVID-19 pandemic adversely impacted the smart meter market progression. The impositions of rigid containment measures such as lockdowns and travel bans disrupted the supply chain network of the market. This in turn massively reduced the product demand, thereby impeding the overall industry growth.

Global Smart Meter Market- Key Trends

Favorable government policies to support digitalization of power grids to aid market expansion

There has been a steep rise in the number of government policies and investments pertaining to the digitalization of power grids across major nations. This is predominantly aimed at reducing the capital costs of commercial and residential energy utilities. Moreover, many countries are focusing on to reach their net zero emission goals and hence are investing on energy efficient technologies. These factors in turn are creating an upward trend for the marketplace.

Rising Industrialization To Fuel Market Development

With rapid economic developments across the globe, there has been a prompt surge in the number of industries. It is evident that manufacturing industries need continuous power supply for consistent and smooth operations. Therefore, manufacturing firms are deploying smart meters to promote energy efficiency and reduce their energy consumption costs.

Global Smart Meter Market- Segmental Analysis

By Type

Electric
Gas
Water

The electric segment is expected to amass notable gains by 2030 owing to the escalating demand for continuous power supply in the emerging economies.

By Communication Type

Radio Frequency (RF)
Programmable Logic Controller (PLC)
Cellular

The cellular segment is slated to amplify with a substantial CAGR over 2022-2030 ascribing to the wide array of benefits offered by cellular technology such as efficient performance, quick service, and low investment cost.

By Component:

Software
Hardware

The hardware segment is predicted to dominate the market in terms of revenue share owing to their simplified design and functional efficacy.

By Technology

AMI (Advanced Metering Infrastructure)
AMR (Automatic Meter Reading)

The AMI segment is anticipated to grow considerably over the assessment timeframe due to the ability of AMI to accumulate and transfer energy utility data in real-time.

By End-Use

Residential
Industrial
Commercial

The residential segment is predicted to capture a significant revenue share over the stipulated timeline. This is credited to the surge in the number of residential societies across the globe and the increased adoption of home appliances such as televisions, washing machines, refrigerators, among others.

Global Smart Meters Market- Geographical Landscape

North America, Middle East & Africa, Latin America, Europe, and Asia Pacific are the primary regions defining the geographical terrain of this business vertical. Among these, Asia Pacific is projected to showcase lucrative expansion trends over 2022-2030. This is attributable to rising industrialization, escalating demand for continuous power supply due to population expansion, and surge in smart grid investments across nations like China.

lobal Smart Meter Market- Competitive Landscape

The prominent players operating in the market sphere are Aichi Tokei Denki, Apator SA, Arad Group, Azbil Kimmon Co. Ltd., Badger Meter Inc., Diehl Stiftung & Co. KG., Elster Group GmbH, EM, Apator SA, General Electric Company, Hexing Electric Company Ltd., Holley Technology Ltd., Itron, Jiangsu Linyang Energy Co. Ltd., Kamstrup AS, Landis+ GYR Group AG, Mueller Systems LLC, Nanjing Xinlian Electronics Co. Ltd., Neptune Technology Group Inc., Schneider Electric, Sensus, Siemens, Wasion Group, AEM SA and others.

Notably, in 2019, IntelliHUB announced the acquisition of Metrix of Mercury to strengthen its footprint in New Zealand.

Report Scope

Global smart meter market: Historical Years- 2018-2021
Global smart meter market:Forecast Years- 2022-2030
Global smart meter market 2020: USD 21.79 billion
Global smart meter predicted market 2030: USD 54.34 billion
Global smart meter market CAGR: 10.10%

Key Segments Reported- Type, Communication Type, Technology, Component, And End-Use:</strong>

Key Regions And Countries Reported

North America- U.S. and Canada
Europe (U.K., France, Italy, Spain, and Russia)
Latin America (Mexico and Brazil)
Asia Pacific (China, India, Japan, Australia, and South Korea)
Middle East & Africa (GCC, South Africa, and Egypt)

Prominent players profiled- Aichi Tokei Denki, Apator SA, Arad Group, Azbil Kimmon Co. Ltd., Badger Meter Inc., Diehl Stiftung & Co. KG., Elster Group GmbH, EM, Apator SA, General Electric Company, Hexing Electric Company Ltd., Holley Technology Ltd., Itron, Jiangsu Linyang Energy Co. Ltd., Kamstrup AS], Landis+ GYR Group AG, Mueller Systems LLC, Nanjing Xinlian Electronics Co. Ltd., Neptune Technology Group Inc., Schneider Electric, Sensus, Siemens, Wasion Group, AEM SA and others.

Global Smart Meter Market Introduction and Market Overview
- Objectives of the Study
- Global Smart Meter Market Scope and Market Estimation
  - Global Smart Meter Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2019-2032)
  - Global Smart Meter Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2032
- Market Segmentation
  - Type of Global Smart Meter Market
  - Communication Type of Global Smart Meter Market
  - Component of Global Smart Meter Market
  - Technology Channel of Global Smart Meter Market
  - End Use Channel of Global Smart Meter Market
  - Region of Global Smart Meter Market

Executive Summary
Market Factor Analysis
- Global Smart Meter Market Industry Trends under COVID-19 Outbreak
  - Global COVID-19 Status Overview
  - Influence of COVID-19 Outbreak on Global Smart Meter Market Industry Development
- Market Dynamics, By Region
  - Drivers
  - Limitations
  - Opportunities
  - Impact Analysis of Drivers and Restraints
- Global Smart Meter Market – Pricing Trends Analysis & Average Selling Prices (ASPs)
- End-User / Customer Preferences & Consumer Surveys
- Technology Roadmap & Key Innovations /Developments
- Key Mandates & Regulatory Scenario Analysis
- Patents Landscape
- Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.
- Porter’s Five Forces Analysis
  - Bargaining Power of Suppliers
  - Bargaining Power of Buyers
  - Threat of Substitutes
  - Threat of New Entrants
  - Competitive Rivalry
- PEST Analysis
  - Political Factors
  - Economic Factors
  - Social Factors
  - Technological Factors
- SWOT Analysis
- ANSOFF Matrix
  - Market Penetration Strategy
  - Product Development Strategy
  - Market Development Strategy
  - Diversification Strategy
- Market Investment Feasibility Analysis
- Opportunity Map Analysis
- Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Regions
Global Smart Meter Market Estimates & Historical Trend Analysis (2019 – 2022)
Global Smart Meter Market Estimates & Forecast Trend Analysis, by Component
- Global Smart Meter Market Revenue (US$ Mn) Estimates and Forecasts, by Component, 2019 to 2032
  - Software
  - Hardware

Global Smart Meter Market Estimates & Forecast Trend Analysis, by Type
- Global Smart Meter Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2019 to 2032
- Electric
- Gas
- Water
Global Smart Meter Market Estimates & Forecast Trend Analysis, by Communication Type
- Global Smart Meter Market Revenue (US$ Mn) Estimates and Forecasts, by Communication Type, 2019 to 2032
  - Radio Frequency (RF)
  - Programmable Logic Controller (PLC)
  - Cellular

Global Smart Meter Market Estimates & Forecast Trend Analysis, by Deployment
- Global Smart Meter Market Revenue (US$ Mn) Estimates and Forecasts, by Deployment, 2019 to 2032
  - On-cloud
  - On-premises
  - Hybrid

Global Smart Meter Market Estimates & Forecast Trend Analysis, by Technology
- Global Smart Meter Market Revenue (US$ Mn) Estimates and Forecasts, by Technology, 2019 to 2032
  - AMI (Advanced Metering Infrastructure)
  - AMR (Automatic Meter Reading)

Global Smart Meter Market Estimates & Forecast Trend Analysis, by End Use
- Global Smart Meter Market Revenue (US$ Mn) Estimates and Forecasts, by End Use, 2019 to 2032
  - Residential
  - Industrial
  - Commercial

Global Smart Meter Market Estimates & Forecast Trend Analysis, by Region
- Global Smart Meter Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Smart Meter Market: Estimates & Forecast Trend Analysis
- North America Smart Meter Market Assessments & Key Findings
  - Smart Meter Market Introduction
  - Smart Meter Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Communication Type
    - By Technology
    - By Component
    - By End Use
    - By Country
      - The U.S.
      - Canada
      - Mexico

Europe Smart Meter Market: Estimates & Forecast Trend Analysis
- Europe Smart Meter Market Assessments & Key Findings
  - Smart Meter Market Introduction
  - Smart Meter Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Communication Type
    - By Technology
    - By Component
    - By End Use
    - By Country
      - Germany
      - K.
      - France
      - Italy
      - Spain
      - Russia
      - Rest of Europe

Asia Pacific Smart Meter Market: Estimates & Forecast Trend Analysis
- Asia Pacific Market Assessments & Key Findings
  - Smart Meter Market Introduction
  - Smart Meter Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Communication Type
    - By Technology
    - By Component
    - By End Use
    - By Country
      - China
      - Japan
      - India
      - Australia
      - South Korea
      - ASEAN
      - Rest of Asia Pacific

Middle East & Africa Smart Meter Market: Estimates & Forecast Trend Analysis
- Middle East & Africa Market Assessments & Key Findings
  - Smart Meter Market Introduction
  - Smart Meter Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Communication Type
    - By Technology
    - By Component
    - By End Use
    - By Country
      - A.E.
      - Saudi Arabia
      - Egypt
      - South Africa
      - Rest of Middle East & Africa

South America Smart Meter Market: Estimates & Forecast Trend Analysis
- South America Market Assessments & Key Findings
  - Smart Meter Market Introduction
  - Smart Meter Market Size Estimates and Forecast (US$ Million) (2019 – 2031)
    - By Type
    - By Communication Type
    - By Technology
    - By Component
    - By End Use
    - By Country
      - Brazil
      - Argentina
      - Colombia
      - Rest of South America

Competition Landscape
- Smart Meter Market Competition Index, By Leading Players
- Smart Meter Market Competition White Space Analysis, By Application / End-user
- Smart Meter Market Competition Heat Map Analysis, By Products / Services / Solutions
- Smart Meter Market Competition Regional Intensity Map Analysis, By Geographies Served
- Smart Meter Market Concentration & Company Market Shares (%) Analysis, 2022
- Smart Meter Market Competition Quadrant Analysis, By Leading Players / Innovators / Emerging Players / New Entrants
Company Profiles
- Aichi Tokei Denki
  - Company Overview & Key Stats
  - Financial Performance & KPIs
  - Product / Service / Solutions Portfolio & Applications / End-uses
  - Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below

Apator SA,
Arad Group,
Azbil Kimmon Co. Ltd.,
Badger Meter Inc.,
Diehl Stiftung & Co. KG.,
Elster Group GmbH,
EM,
Apator SA,
General Electric Company,
Hexing Electric Company Ltd.,
Holley Technology Ltd.,
Itron,
Jiangsu Linyang Energy Co. Ltd.,
Kamstrup AS,
Landis+ GYR Group AG,
Mueller Systems LLC,
Nanjing Xinlian Electronics Co. Ltd.,
Neptune Technology Group Inc.,
Schneider Electric,
Sensus, Siemens,
Wasion Group,
AEM SA
Others

Research Methodology
- External Sources / Databases
- Internal Proprietary Database
- Primary Research
- Secondary Research
- Assumptions
- Limitations
- Report FAQs
Research Findings & Conclusion

Quick Contact

+13217109863

info@markettreeresearch.com

Global Smart Meter Market

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