Smart Meters Market by Type (Electric, Water, and Gas), Application (Commercial, Residential, and Industrial), Technology (Automatic Meter Reading and Advanced Metering Infrastructure), and by Region - Global Forecasts to 2022

  • ID: 4225631
  • Report
  • Region: Global
  • 139 Pages
  • Markets and Markets
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The Global Smart Meters Market is Projected to Grow at a CAGR of 9.34% from 2017 to 2022 to Reach a Market Size of USD 19.98 Billion by 2022

FEATURED COMPANIES

  • Aclara Technologies LLC.
  • Circutor
  • Holley Metering Limited
  • Itron Inc.
  • Microchip Technology Inc.
  • Sensus (Xylem)
  • MORE

The smart meters market is projected to grow at a CAGR of 9.34% from 2017 to 2022

The smart meters market is projected to reach USD 19.98 billion by 2022, at a CAGR of 9.34% from 2017 to 2022. Smart meters are used in the industrial, commercial, and residential sector, measuring energy consumption of the consumers. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the market globally. Residential customers are the fastest end-users of smart meters, followed by commercial and industrial customers. High installation costs for end-users would be a restraint for the smart meters market.

The residential application segment is expected to grow at the highest CAGR from 2017 to 2022

With regards to the application segment, the residential segment is expected to constitute the fastest growing market from 2017 to 2022. The meters measure the electricity, water, and gas consumption and communicate this to the central utility system. The installations of these devices in the residential sector helps in reducing CO2 emissions globally as the consumer’s inclination towards peak time savings of energy would increase. The increasing residential construction activities and government mandates like the European Union 20-20-20 policy, which aims to convert 80% of the installed meter base to smart one, have ensured the growth in the demand for smart meters.

The Advanced Metering Infrastructure (AMI) technology segment is expected to grow at the fastest CAGR from 2017 to 2022

With regards to the technology segment, Advanced Metering Infrastructure (AMI) are expected to constitute the fastest growing market from 2017 to 2022 because of its advanced technology. Moreover, AMI reduces labor cost and several power, water, and gas utilities worldwide are replacing AMR with AMI infrastructure, further creating growth opportunities for the AMI market.

Asia-Pacific: The fastest growing market for smart meters

Asia-Pacific is estimated to be the fastest growing market for smart meters from 2017 to 2022. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the global smart meters market. China is expected to grow at the fastest pace during the forecast period. Furthermore, the growing power sector in India is expected to spur the growth of the market, and represents a promising opportunity for major smart meters providers. Japan is also expected to witness a significant growth during the same period. On the other hand, Europe and the Middle East are trying to boost their energy efficiency programs, T&D spending, and construction & infrastructural activities.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 62%, Tier2- 23%, Tier 3- 15%
  • By Designation: C-Level- 35%, Manager-Level- 25%, Others- 40%
  • By Region: Americas- 52%, Asia-Pacific- 24%, Europe- 16%, RoW- 8%
  • Note: RoW = Rest of the World

The tier of the companies has been defined on the basis of their total revenue, as of 2016: Tier 1 = > USD 10 billion, Tier 2 = From USD 1 billion to USD 10 billion, and Tier 3 = < USD 1 billion

The leading players in the smart meters market include Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.) and Toshiba Corporation (Japan).

Research Coverage:

From an insight perspective, this research report has focused on various levels of analysis, namely industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the smart meters market, high-growth regions, and market drivers, restraints, & opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on products and integrated solutions & services offered by the top players in the global smart meters market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the smart meters market.
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for smart meters across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global smart meters market
  • Competitive Assessment:   In depth vendor dive analysis of all the key players, strategies, products, and manufacturing capabilities of the leading players in the global smart meters market
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FEATURED COMPANIES

  • Aclara Technologies LLC.
  • Circutor
  • Holley Metering Limited
  • Itron Inc.
  • Microchip Technology Inc.
  • Sensus (Xylem)
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Smart Meters Market, By Type
4.2 Smart Meters Market, By Application
4.3 Smart Meters Market, By Technology
4.4 Asia Pacific: the Largest Market During the Forecast Period, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Policies
5.2.1.2 Energy Conservation
5.2.1.3 Increasing Smart Grid Deployment
5.2.1.4 Investments in Efficient Distribution Networks
5.2.2 Restraints
5.2.2.1 High Installation Costs for End-Users
5.2.3 Opportunities
5.2.3.1 Integration of Distributed Generation
5.2.4 Challenges
5.2.4.1 Lack of Awareness Among Consumers
5.2.4.2 Lack of Compatibility With Other Devices
5.2.4.3 Design and Maintenance of Smart Meters
5.2.4.4 Improper Installation of Smart Meters

6 Smart Meters Market, By Type
6.1 Introduction
6.2 Smart Electric Meters
6.3 Smart Water Meters
6.4 Smart Gas Meters

7 Smart Meters Market, By Application
7.1 Introduction
7.2 Residential Smart Meters Market
7.3 Commercial Smart Meters Market
7.4 Industrial Smart Meters Market

8 Smart Meters Market, By Technology
8.1 Introduction
8.2 Automatic Meter Reading (AMR)
8.3 Advanced Metering Infrastructure (AMI)

9 Global Smart Meters Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By Type
9.2.2 By Application
9.2.3 By Technology
9.2.4 By Country
9.2.4.1 The U.S.
9.2.4.2 Canada
9.2.4.3 Mexico
9.3 Europe
9.3.1 By Type
9.3.2 By Application
9.3.3 By Technology
9.3.4 By Country
9.3.4.1 Germany
9.3.4.2 France
9.3.4.3 The U.K.
9.3.4.4 Rest of Europe
9.4 Asia-Pacific
9.4.1 By Type
9.4.2 By Application
9.4.3 By Technology
9.4.4 By Country
9.4.4.1 China
9.4.4.2 India
9.4.4.3 Japan
9.4.4.4 Australia
9.4.4.5 Malaysia
9.4.4.6 Rest of Asia-Pacific
9.5 The Middle East
9.5.1 By Type
9.5.2 By Application
9.5.3 By Technology
9.5.4 By Country
9.5.4.1 Saudi Arabia
9.5.4.2 Israel
9.5.4.3 UAE
9.5.4.4 Rest of the Middle East
9.6 South America
9.6.1 By Type
9.6.2 By Application
9.6.3 By Technology
9.6.4 By Country
9.6.4.1 Brazil
9.6.4.2 Argentina
9.6.4.3 Rest of South America
9.7 Africa
9.7.1 By Type
9.7.2 By Application
9.7.3 By Technology
9.7.4 By Country
9.7.4.1 South Africa
9.7.4.2 Rest of Africa

10 Competitive Landscape
10.1 Overview
10.2 Smart Meters Market: Competitor Ranking, 2016
10.3 Competitive Situation & Trends
10.4 Vendor Dive Overview
10.4.1 Market Leaders
10.4.2 Innovators
10.4.3 Dynamic
10.4.4 Emerging
10.5 Analysis of the Product Portfolio of Major Players in the Smart Meters Market (25 Companies)
10.6 Business Strategies Adopted By Major Players in the Smart Meters Market (25 Companies)
  • Top 25 Companies Analyzed for This Study Are- Aclara Technologies LLC., Microchip Technology Inc., EDMI Ltd., Holley Metering Ltd., Honeywell International Inc., Itron Inc., Schneider Electric, Siemens Ag, Toshiba Corporation (Landis+GYR), Wasion Group, Sensus, Badger Meter Inc., Kamstrup A/S, ICSA (India) Limited, Iskraemeco, Jiangsu Linyang Electronics Co., Ltd., Circutor, Networked Energy Service Corp., Neptune Technology Group, Genus Power Infrastructures Ltd, Master Meters, Diehl Metering GmbH, Sentec Ltd., B. Meters, Chongqing Smart Water Meter Group Co., Ltd.
11 Company Profiles
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View) -
11.1 Schneider Electric
11.2 Siemens AG
11.3 Honeywell International, Inc.
11.4 Itron, Inc.
11.5 Sensus (Xylem)
11.6 EDMI Limited
11.7 Badger Meter, Inc.
11.8 Holley Metering, Limited
11.9 ICSA (India), Limited
11.10 Aclara Technologies, LLC.
11.11 Kamstrup A/S
11.12 Wasion Group
11.13 Jiangsu Linyang Energy Co.
11.14 Atmel (Microchip Technology) Corporation
11.15 Landis+GYR (Toshiba Corporation)
  • Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide

List of Tables

Table 1 Global Smart Meters Market Snapshot
Table 2 Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 3 Smart Electric Meters: Smart Meters Market Size, By Region, 2015-2022 (USD Million)
Table 4 Smart Water Meters: Smart Meters Market Size, By Region, 2015-2022 (USD Million)
Table 5 Smart Gas Meters: Smart Meters Market Size, By Region, 2015-2022 (USD Million)
Table 6 Global Smart Meters Market Size, By Application, 2015-2022 (USD Million)
Table 7 Residential: Smart Meters Market Size, By Region, 2015-2022 (USD Million)
Table 8 Commercial: Smart Meters Market Size, By Region, 2015-2022 (USD Million)
Table 9 Industrial: Smart Meters Market Size, By Region, 2015-2022 (USD Million)
Table 10 Smart Meters Market, By Technology, 2015-2022 (USD Million)
Table 11 Automatic Meter Reading: Smart Meters Market Size, By Region, 2015-2022 (USD Million)
Table 12 Advanced Metering Infrastructure: Smart Meters Market Size, By Region, 2015-2022 (USD Million)
Table 13 Global Smart Meters Market Size, By Region, 2015-2022 (USD Million)
Table 14 Smart Electric Meters Market Size, By Top Country, 2015-2022 (USD Million)
Table 15 Smart Gas Meters Market Size, By Top Country, 2015-2022 (USD Million)
Table 16 Smart Water Meters Market Size, By Top Country, 2015-2022 (USD Million)
Table 17 North America: Smart Meters Market Size, By Type, 2015-2022 (USD Million)
Table 18 North America: Smart Meters Market Size, By Application, 2015-2022 (USD Million)
Table 19 North America: Smart Meters Market Size, By Technology, 2015-2022 (USD Million)
Table 20 North America: Smart Meters Market Size, By Country, 2015-2022 (USD Million)
Table 21 U.S.: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 22 Canada: Smart Meters Market Size, By Type, 2015-2022 (USD Million)
Table 23 Mexico: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 24 Europe: Smart Meters Market Size, By Type, 2015-2022 (USD Million)
Table 25 Europe: Smart Meters Market Size, By Application, 2015-2022 (USD Million)
Table 26 Europe: Smart Meters Market Size, By Technology, 2015-2022 (USD Million)
Table 27 Europe: Smart Meters Market Size, By Country, 2015-2022 (USD Million)
Table 28 Germany: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 29 France: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 30 U.K.: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 31 Rest of Europe: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 32 Asia-Pacific: Smart Meters Market Size, By Type, 2015-2022 (USD Million)
Table 33 Asia-Pacific: Smart Meters Market Size, By Application, 2015-2022 (USD Million)
Table 34 Asia-Pacific: Smart Meters Market Size, By Technology, 2015-2022 (USD Million)
Table 35 Asia-Pacific: Smart Meters Market Size, By Country, 2015-2022 (USD Million)
Table 36 China: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 37 India: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 38 Japan: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 39 Australia: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 40 Malaysia: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 41 Rest of Asia-Pacific: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 42 Middle East: Smart Meters Market Size, By Type, 2015-2022 (USD Million)
Table 43 Middle East: Smart Meters Market Size, By Application, 2015-2022 (USD Million)
Table 44 Middle East: Smart Meters Market Size, By Technology, 2015-2022 (USD Million)
Table 45 Middle East: Smart Meters Market Size, By Country, 2015-2022 (USD Million)
Table 46 Saudi Arabia: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 47 Israel: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 48 UAE: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 49 Rest of the Middle East: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 50 South America: Smart Meters Market Size, By Type, 2015-2022 (USD Million)
Table 51 South America: Smart Meters Market Size, By Application, 2015-2022 (USD Million)
Table 52 South America: Smart Meters Market Size, By Technology, 2015-2022 (USD Million)
Table 53 South America: Smart Meters Market Size, By Country, 2015-2022 (USD Million)
Table 54 Brazil: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 55 Argentina: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 56 Rest of South America: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 57 Africa: Smart Meters Market Size, By Type, 2015-2022 (USD Million)
Table 58 Africa: Smart Meters Market Size, By Application, 2015-2022 (USD Million)
Table 59 Africa: Smart Meters Market Size, By Technology, 2015-2022 (USD Million)
Table 60 Africa: Smart Meters Market Size, By Country, 2015-2022 (USD Million)
Table 61 South Africa: Smart Meters Market, By Type, 2015-2022 (USD Million)
Table 62 Rest of Africa: Smart Meters Market, By Type, 2015-2022 (USD Million)

List of Figures

Figure 1 Market Segmentation: Smart Meters Market
Figure 2 Countries Covered
Figure 3 Smart Meters Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Market for Smart Electric Meters to Register the Highest Growth Between 2017 and 2022
Figure 9 Market for Residential Application to Register the Highest Growth Between 2017 and 2022
Figure 10 Market for Advanced Metering Infrastructure (AMI) Technology to Register the Highest Growth Between 2017 and 2022
Figure 11 Asia-Pacific to Dominate the Market Between 2017 and 2022
Figure 12 Attractive Market Opportunities in the Smart Meters Market
Figure 13 Smart Meters Market Share (Value), By Type, 2017-2022
Figure 14 Residential Segment is Estimated to Dominate the Smart Meters Market By 2022
Figure 15 Automatic Meter Reading (AMR) Segment is Estimated to Dominate the Smart Meters Market By 2022
Figure 16 Asia-Pacific is Expected to Grow at the Fastest Pace During the Forecast Period
Figure 17 Increasing Smart Grid Deployment is A Major Factor Driving the Smart Meters Market
Figure 18 Smart Meter Market Share (Value), 2022
Figure 19 The Residential Application Segment is Expected to Dominate the Market During the Forecast Period
Figure 20 The AMR Segment is Expected to Dominate the Market During the Forecast Period
Figure 21 Regional Snapshot: Rapid Growth in Developing Markets Such as Asia-Pacific is Creating New Hot Spots
Figure 22 The Market in Europe to Drive the Smart Meters Market, By Region, 2017 & 2022 (USD Million)
Figure 23 The Market in Asia-Pacific to Drive the Smart Meters Market, By Region, 2017 & 2022 (USD Million)
Figure 24 Companies Adopted Mergers & Acquisitions to Capture A Share of the Market
Figure 25 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2013-2017
Figure 26 Market Evaluation Framework: New Product Launches, Mergers, Acquisitions, & Partnerships, Contracts & Agreements, & Others Fueled the Growth of Companies From 2013 to February 2017
Figure 27 Vendor Dive Matrix
Figure 28 Schneider Electric: Company Snapshot (2015)
Figure 29 Schneider Electric: Product Offering Scorecard
Figure 30 Schneider Electric: Business Strategy Scorecard
Figure 31 Siemens AG: Company Snapshot (2016)
Figure 32 Siemens AG: Product Offering Scorecard
Figure 33 Siemens AG: Business Strategy Scorecard
Figure 34 Honeywell International, Inc.: Company Snapshot (2016)
Figure 35 Honeywell International, Inc.: Product Offering Scorecard
Figure 36 Honeywell International, Inc.: Business Strategy Scorecard
Figure 37 Itron, Inc.: Company Snapshot (2016)
Figure 38 Itron, Inc.: Product Offering Scorecard
Figure 39 Itron, Inc.: Business Strategy Scorecard
Figure 40 Sensus (Xylem): Product Offering Scorecard
Figure 41 Sensus (Xylem): Business Strategy Scorecard
Figure 42 EDMI Ltd.: Product Offering Scorecard
Figure 43 EDMI Ltd.: Business Strategy Scorecard
Figure 44 Badger Meter, Inc.: Company Snapshot (2016)
Figure 45 Badger Meter, Inc.: Product Offering Scorecard
Figure 46 Badger Meter, Inc.: Business Strategy Scorecard
Figure 47 Holley Metering Ltd.: Product Offering Scorecard
Figure 48 Holley Metering, Limited: Business Strategy Scorecard
Figure 49 ICSA (India), Limited: Company Snapshot (2014)
Figure 50 ISCA (India), Limited: Product Offering Scorecard
Figure 51 ICSA (India), Limited: Business Strategy Scorecard
Figure 52 Aclara Technologies, LLC.: Product Offering Scorecard
Figure 53 Aclara Technologies, LLC.: Business Strategy Scorecard
Figure 54 Kamstrup A/S: Product Offering Scorecard
Figure 55 Kamstrup A/S: Business Strategy Scorecard
Figure 56 Wasion Group: Company Snapshot (2015)
Figure 57 Wasion Group: Product Offering Scorecard
Figure 58 Wasion Group: Business Strategy Scorecard
Figure 59 Jiangsu Linyang Energy Co.: Company Snapshot (2015)
Figure 60 Jiangsu Linyang Energy Co.: Product Offering Scorecard
Figure 61 Jiangsu Linyang Energy Co.: Business Strategy Scorecard
Figure 62 Atmel (Microchip) Corporation: Product Offering Scorecard
Figure 63 Atmel (Microchip) Corporation: Business Strategy Scorecard
Figure 64 Toshiba Corporation (Landis+GYR): Company Snapshot (2016)
Figure 65 Landis+GYR (Toshiba Corporation): Product Offering Scorecard
Figure 66 Landis+GYR (Toshiba Corporation): Business Strategy Scorecard
Note: Product cover images may vary from those shown
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  • Aclara Technologies LLC.
  • Atmel (Microchip Technology) Corporation
  • B. Meters
  • Badger Meter Inc.
  • Chongqing Smart Water Meter Group Co. Ltd.
  • Circutor
  • Diehl Metering GmbH
  • EDMI Limited
  • Genus Power Infrastructures Ltd
  • Holley Metering Limited
  • Honeywell International Inc.
  • ICSA (India) Limited
  • Iskraemeco
  • Itron Inc.
  • Jiangsu Linyang Electronics Co. Ltd.
  • Jiangsu Linyang Energy Co.
  • Kamstrup A/S
  • Landis+GYR (Toshiba Corporation)
  • Master Meters
  • Microchip Technology Inc.
  • Neptune Technology Group
  • Networked Energy Service Corp.
  • Schneider Electric
  • Sensus (Xylem)
  • Sentec Ltd.
  • Siemens AG
  • Toshiba Corporation (Landis+GYR)
  • Wasion Group
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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