The Global Smart Electricity Meter market accounted for $10.22 billion in 2019 and is expected to reach $16.53 billion by 2027 growing at a CAGR of 6.2% during the forecast period. Some of the key factors propelling market growth include increased need for efficient data monitoring systems coupled with favorable government policies for smart meter rollout, improved cost savings, and increasing emphasis on renewable energy sources globally. However, high initial investment and delays in smart meter rollout projects are likely to hamper the market.
By end user, the residential segment is anticipated to grow at significant rate during the forecast period, due to the widespread use of sophisticated electrical, electronic, and data equipment and growing importance of power management solutions. The installation of smart electric meters in residential places would help in reducing the dependence on fossil fuels, as the smart electric meters can assist the consumers to monitor, regularize, and reduce their consumptions from the grid, and generators, and further integrate their consumptions from renewable energy sources such as solar installations.
On the basis of geography, Asia Pacific is expected to be the significant smart electric meter market during the forecast period. It is the most-populated region in the world and consequently witnesses a high demand for electricity. The rise in investments in smart grid technologies and smart cities, the increase in the number of data centers, and a surge in IT hubs and commercial institutions drive the smart electric meter market in the region. China is the largest country in APAC, owing to the large-scale rollout plans; the country accounted for the highest installed generation and distribution capacity in the Asia Pacific region, resulting in an increased demand for smart electric meters. What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company Profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis 3.1 Introduction 3.2 Drivers 3.3 Restraints 3.4 Opportunities 3.5 Threats 3.6 Technology Analysis 3.7 End User Analysis 3.8 Emerging Markets 3.9 Impact of Covid-19
4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
5 Global Smart Electricity Meter Market, By Communication Technology 5.1 Introduction 5.2 Auto Meter Reading 5.3 Advanced Metering Infrastructure
6 Global Smart Electricity Meter Market, By Phase 6.1 Introduction 6.2 GISM (Single Phase) 6.3 GIST (Three Phase) 6.4 GISS (Heavy Consumers)
7 Global Smart Electricity Meter Market, By Type 7.1 Introduction 7.2 Gas 7.3 Electric 7.4 Water
8 Global Smart Electricity Meter Market, By End User 8.1 Introduction 8.2 Commercial 8.2.1 Healthcare 8.2.2 Education 8.2.3 Logistics & Transportation 8.2.4 Retail 8.2.5 Hospitality 8.2.6 Offices 8.3 Utility 8.4 Government 8.5 Residential 8.5.1 Multi Family 8.5.2 Single Family 8.6 Industrial
9 Global Smart Electricity Meter Market, By Component 9.1 Introduction 9.2 Software 9.3 Hardware
10 Global Smart Electricity Meter Market, By Distribution Channel 10.1 Introduction 10.2 Offline 10.3 Online
11 Global Smart Electricity Meter Market, By Geography 11.1 Introduction 11.2 North America 11.3 Europe 11.4 Asia Pacific 11.5 South America 11.6 Middle East & Africa
12 Key Developments 12.1 Agreements, Partnerships, Collaborations and Joint Ventures 12.2 Acquisitions & Mergers 12.3 New Product Launch 12.4 Expansions 12.5 Other Key Strategies
13 Company Profiling 13.1 Siemens AG 13.2 Silver Spring Networks Inc. 13.3 ABB 13.4 Schneider Electric 13.5 Jiangsu Linyang 13.6 Honeywell 13.7 Aclara 13.8 Microchip Technology 13.9 Benchmarking 13.10 Landis+Gyr (Toshiba Corporation) 13.11 Networked Energy Services 13.12 Holley Metering 13.13 Genus Power Infrastructure 13.14 General Electric 13.15 Wasion Group 13.16 Elster Group GmbH 13.17 Itron Inc. 13.18 Sensus USA Inc 13.19 Echelon Corp. 13.20 Hexing Electric Company Ltd
About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.