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Global Smart Meters Market by Type (Electric, Gas, Water), Communication Type (RF, PLC, Cellular), Component (Hardware, Software), Technology (AMR, AMI), End user (Residential, Commercial, Industrial), and Region - Forecast to 2026

  • ID: 5010778
  • Report
  • January 2022
  • Region: Global
  • 299 Pages
  • Markets and Markets

FEATURED COMPANIES

  • Aclara Technologies
  • Hexing Electrical
  • Iskraemeco
  • Kamstrup
  • Larsen & Toubro
  • Pietro Fiorentini

The smart meters market is projected to reach USD 30.2 billion by 2026 from an estimated USD 19.6 billion in 2021, at a CAGR of 9.0% during the forecast period. The smart meters market is driven by market for smart meters is primarily driven by government mandates and incentives for smart meter installation. The net-zero goals and an ambitious plan for renewables, from energy utilities’ and impressive expansion plans are expected to trigger investments. The surge in electric vehicles charger also increased the need for grid stability for utilities and smart meters are helping them effectively.




The Water smart meters segment, by type, is expected to be the fastest-growing market from 2021 to 2026


The Type segment is categorized as smart electric, smart gas, and smart water. The smart water meter market is projected to grow at a CAGR of 11.7% during the forecast period. North America, with a share of 37.2% in 2020, dominated the smart water meters market. The demand for smart water meters in the region is driven by the increasing need for smart water meters to reduce the non-revenue water in water utility operations. 


The Residential segment, by End User, is expected to be the largest market from 2021 to 2026


The residential segment accounted for the largest share of the smart meters market, by end user, in 2020. The demand for smart meters from the residential sector is driven by the growing power consumption due to the increased use of home appliances such as air conditioners, televisions, lighting, refrigerators, ceiling fans, cloth washers, dishwashers, personal computers, and heating and air-conditioning equipment at residential buildings. Utilities need to address the dynamic demand for power from the operations of this equipment and they are investing in smart meters to enhance grid resiliency and operations. 


Asia Pacific: The largest and the fastest-growing region in the smart meters market


The Asia Pacific is expected to dominate the smart meters market during the forecast period due to governments mandates for digitization of grid networks, utilities monitoring real-time analysis for grid and consumers usage. The region has been segmented into China, Japan, Australia, India, and the Rest of Asia Pacific. The Asia Pacific is the most populated region in the world and consequently witnesses a high electricity demand. China, Japan, and India are investing in grid expansion projects to increase distribution grid reliability. The region is expected to invest about USD 9.8 billion in developing its smart grid infrastructure between 2018 and 2027. The increase in smart grid investments, demand for power quality, energy efficiency targets, and reliability of the power system are the prominent factors for the growth of the smart electric metering market in the region.


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 - 45%, Tier 2 - 30%, and Tier 25%
  • By Designation: C - Level - 35%, D - Level - 25%, and Others - 40%
  • By Region: Asia Pacific - 60%, Europe - 17%, North America - 15%, Middle East & Africa - 5, and South America - 3%, 

Note: Others include sales managers, engineers, and regional managers


The tiers of the companies are defined based on their total revenue as of 2019: Tier 1: >USD 1 billion, Tier 2: USD 500 million - 1 billion, and Tier 3: <USD 500 million  


The smart meters market is dominated by a few major players that have a wide regional presence. The leading players in the smart meters market are Schneider Electric (France), Landis+Gyr (Switzerland), Itron (US), Siemens (Germany), Wasion Group (China), Badger Meter (US), and Sensus (Xylem) (US), and others.


Study Coverage


The report defines, describes, and forecasts the smart meters market, by offerings, by monitoring process, by deployment type, end-user, and geography. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the smart meters market.


Key Benefits of Buying the Report:


  • The report identifies and addresses the key markets for smart meters operations and services, which would help smart meters providers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges. 
  • The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.
Frequently Asked Questions about the Global Smart Meters Market

What is the estimated value of the Global Smart Meters Market?

The Global Smart Meters Market was estimated to be valued at $19.6 Billion in 2021.

What is the growth rate of the Global Smart Meters Market?

The growth rate of the Global Smart Meters Market is 9.0%, with an estimated value of $30.2 Billion by 2026.

What is the forecasted size of the Global Smart Meters Market?

The Global Smart Meters Market is estimated to be worth $30.2 Billion by 2026.

Who are the key companies in the Global Smart Meters Market?

Key companies in the Global Smart Meters Market include Aclara Technologies, Badger Meter, Genus Power Infrastructure, Hexing Electrical, Honeywell International, Iskraemeco, Itron Gamesa, Jiangsu Linyang Electronics and Landis+Gyr.

FEATURED COMPANIES

  • Aclara Technologies
  • Hexing Electrical
  • Iskraemeco
  • Kamstrup
  • Larsen & Toubro
  • Pietro Fiorentini

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Inclusions and Exclusions
1.3.1 Smart Meters Market, by Type
1.3.2 Smart Meters Market, by Component
1.3.3 Smart Meters Market, by Communication Type: Inclusions & Exclusions
1.3.4 Smart Meters Market, by Technology: Inclusions & Exclusions
1.3.5 Smart Meters Market, by End-user
1.4 Market Scope
1.4.1 Markets Covered
1.4.2 Regional Scope
1.4.3 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Smart Meters Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
2.3 Impact of COVID-19 on Industry
2.4 Scope
Figure 3 Main Metrics Considered while Analyzing and Assessing Demand for Smart Meters
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.5.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.5.3 Demand-Side Analysis
2.5.3.1 Regional Analysis
2.5.3.2 Country Analysis
2.5.3.3 Assumptions for Demand-Side
2.5.3.4 Calculation for Demand-Side
2.5.4 Supply-Side Analysis
Figure 6 Key Steps Considered for Assessing Supply of Smart Meters
Figure 7 Smart Meters Market: Supply-Side Analysis
2.5.4.1 Supply-Side Calculation
2.5.4.2 Assumptions for Supply-Side
Figure 8 Company Revenue Analysis, 2020
2.5.5 Forecast
3 Executive Summary
Table 1 Snapshot of Smart Meters Market
Figure 9 Ami Segment is Expected to Hold Larger Share of Smart Meters Market, by Technology, in 2026
Figure 10 Smart Electric Meters are Expected to Lead Smart Meters Market, by Type, in 2026
Figure 11 Cellular Communication Segment is Expected to Lead Smart Meters Market, by Communication Type, 2026
Figure 12 Hardware Segment is Expected to Hold Larger Size of Smart Meters Market, by Component, in 2026
Figure 13 Residential Segment is Expected to Lead Smart Meters Market, by End-user, in 2026
Figure 14 Asia-Pacific Accounted for Largest Share of Smart Meters Market in 2020
4 Premium Insights
4.1 Attractive Opportunities in Smart Meters Market
Figure 15 Strong Need to Modernize Aging Grid Infrastructure to Improve Operational Efficiency to Propel Smart Meters Market Growth During 2021-2026
4.2 Smart Meters Market in Asia-Pacific, by End-user and Country
Figure 16 China Held Largest Share of Smart Meters Market in Asia-Pacific in 2020
4.3 Smart Meters Market, by Type
Figure 17 Smart Electric Meters to Account for Largest Market Share in 2026
4.4 Smart Meters Market, by End-user
Figure 18 Residential Segment to Capture Largest Share of Smart Meters Market in 2026
4.5 Smart Meters Market, by Technology
Figure 19 Ami Technology to Lead Smart Meters Market in 2026
4.6 Smart Meters Market, by Component
Figure 20 Hardware Components to Hold Larger Share of Smart Meters Market in 2026
4.7 Smart Meters Market, by Communication Type
Figure 21 Cellular Segment Commanded Smart Meters Market in 2020
4.8 Smart Meters Market, by Region
Figure 22 Asia-Pacific to Record Highest CAGR in Smart Meters Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 23 COVID-19 Global Propagation
Figure 24 COVID-19 Propagation in Selected Countries
Figure 25 Recovery Road for 2020 and 2021
5.3 COVID-19 Economic Assessment
Figure 26 Revised Gdp for Select G20 Countries in 2020
5.4 Market Dynamics
Figure 27 Smart Meters Market: Drivers, Restraints, Opportunities, and Challenges
5.4.1 Drivers
5.4.1.1 Supportive Government Policies and Financial Incentives for Digitalization of Grids
Figure 28 Investment Share Percentage of Digital Grid Infrastructure in Global Electricity Investment, 2014-2019
5.4.1.2 Increased Need to Monitor Utility Systems in Real Time
5.4.1.3 Dynamic Pricing of Utilities
5.4.1.4 Reduced Blackouts and Failures of Utility Systems
5.4.1.5 Increased Need to Monitor Energy Consumption to Achieve Carbon Neutrality
5.4.2 Restraints
5.4.2.1 High Set Up and Operational Costs for Utility Suppliers to Switch from Traditional to Smart Meters
5.4.2.2 Halted Smart Grid and Smart City Projects due to COVID-19 Pandemic
Figure 29 Worldwide Investment Spending in Electricity Networks, 2016-2020
5.4.2.3 Reduced Investment Toward Infrastructure Development and Low Return on Investment
5.4.3 Opportunities
5.4.3.1 Focus of Governments Worldwide on Reducing Aggregate Technical and Commercial Losses
Figure 30 Global Investments in Smart Grid Infrastructure, 2014-2019
5.4.3.2 Integration of Artificial Intelligence (Ai) and Machine Learning (Ml) Technologies into Smart Meters
5.4.3.3 Adoption of Electric and Hybrid Vehicles by Consumers
Figure 31 Global Ev Car Stocks, 2016-2020, Million Units
5.4.4 Challenges
5.4.4.1 Maintenance, Security, and Integrity of Smart Meters and Associated Data, Along with Requirement of Skilled Professionals
5.4.4.2 Dependency on Reliable Connections Between Smart Meters and Smart Grid Devices to Achieve Highly Accurate Data
5.5 Trends/Disruptions Impacting Customers’ Businesses
5.5.1 Revenue Shift and New Revenue Pockets for Smart Meter Providers
Figure 32 Revenue Shift for Smart Meters Market
5.6 Market Map
Table 2 Smart Meters Market: Ecosystem
Figure 33 Market Map/Ecosystem
5.7 Value/Supply Chain Analysis
Figure 34 Smart Meters Market Value Chain Analysis
5.7.1 Raw Material/Component Providers
5.7.2 Smart Meter Manufacturers
5.7.3 Distributors and After-Sales Service Providers
5.7.4 End-users
5.8 Technology Analysis
5.8.1 Smart Meters Market Based on Different Technologies
5.9 Smart Meter: Codes and Regulations
Table 3 Smart Meter: Codes and Regulations
5.10 Innovation and Patent Registration
Table 4 Smart Meter: Innovation and Patent Registration
5.11 Case Study Analysis
5.11.1 Smart Water System Helps Monroe, Louisiana, to Identify Individual Leaking Houses After Winter Storms
5.11.2 Pepco's Focus on Saving Operating Expenses with Remote Switching
5.11.3 Focus on Turning Budget Deficit Utility Company into Budget Plus Company with Smart Metering
5.11.4 Use of Ami by Spanish Hotel to Advance Its Energy Efficiency
5.12 Porter's Five Forces Analysis
Table 5 Smart Meters Market: Porter's Five Forces Analysis
Figure 35 Porter's Five Forces Analysis for Smart Meters Market
5.12.1 Threat of Substitutes
5.12.2 Bargaining Power of Suppliers
5.12.3 Bargaining Power of Buyers
5.12.4 Threat of New Entrants
5.12.5 Intensity of Competitive Rivalry
6 Smart Meters Market, by Type
6.1 Introduction
Figure 36 Smart Meters Market Share, by Type, 2020 (%)
Table 6 Smart Meters Market, by Type, 2019-2026 (Million Units)
Table 7 Smart Meters Market, by Type, 2019-2026 (USD Million)
6.2 Smart Electric Meters
6.2.1 Need for Reducing Carbon Emissions and to Reform Power Sector is Driving Market Growth
Table 8 Smart Meters Market for Electric Meters, by Region, 2019-2026 (USD Million)
Table 9 Smart Meters Market for Electric Meters, by Region, 2019-2026 (Million Units)
6.3 Smart Gas Meters
6.3.1 Increase in Natural Gas Networks and Mandates to Retrofit Conventional Gas Meters are Boosting Smart Gas Meter Market Growth
Table 10 Smart Meters Market for Gas Meters, by Region, 2019-2026 (USD Million)
Table 11 Smart Meters Market for Gas Meters, by Region, 2019-2026 (Million Units)
6.4 Smart Water Meters
6.4.1 Effective Water Management and Extra Transparency in Billings are Enhancing Smart Water Meter Market Growth
Table 12 Smart Meters Market for Water Meters, by Region, 2019-2026 (USD Million)
Table 13 Smart Meters Market for Water Meters, by Region, 2019-2026 (Million Units)
7 Smart Meters Market, by Communication
7.1 Introduction
Figure 37 Smart Meters Market Share, by Communication, 2020 (%)
Table 14 Smart Meters Market, by Communication, 2019-2026 (USD Million)
7.2 Rf
7.2.1 No Running Cost for Smart Meter Systems is Driving Market Growth
Table 15 Rf: Smart Meters Market, 2019-2026 (USD Million)
7.3 plc
7.3.1 Use of Existing Electrical Infrastructure and Long-Distance Operations are Boosting Market Growth
Table 16 plc: Smart Meters Market, by Region, 2019-2026 (USD Million)
7.4 Cellular
7.4.1 Faster Data Transfer Rates and Reduced Infrastructure Costs are Accelerating Market Growth
Table 17 Cellular: Smart Meters Market, by Region, 2019-2026 (USD Million)
8 Smart Meters Market, by Component
8.1 Introduction
Figure 38 Smart Meters Market Share, by Component, 2020 (%)
Table 18 Smart Meters Market, by Component, 2019-2026 (USD Million)
8.2 Hardware
Table 19 Smart Meters Market for Hardware, by Region, 2019-2026 (USD Million)
Table 20 Smart Meters Component Market for Hardware, by Type, 2019-2026 (Million Units)
8.2.1 Power Systems
8.2.1.1 Software and Hardware with Higher Power Consumption are Driving Power Systems Market
8.2.2 Microcontrollers
8.2.2.1 Integration of Ai or IoT with Microcontrollers to Become More Consumer-Friendly Driving Market Growth
8.2.3 Communication Interface
8.2.3.1 Integration of Ai and Connectivity with Smart Phones is Driving the Market
8.3 Software
Table 21 Smart Meters Market for Software, by Region, 2019-2026 (USD Million)
Table 22 Smart Meters Component Market for Software, by Type, 2019-2026 (Million Units)
8.3.1 Customer Information System
8.3.1.1 Improving Communication Between Consumers and Service Providing Utilities is Boosting Market
8.3.2 Meter Data Management System
8.3.2.1 Vast Data Management with Multiple Users and Energy or Resource Demand Forecasting are Driving Market
8.3.3 Metering and Billing Software
8.3.3.1 Smart Payment Options Using Mobile Phones and Increased Billing Transparency are Propelling Market Growth
9 Smart Meters Market, by Technology
9.1 Introduction
Figure 39 Smart Meters Market Share, by Technology, 2020 (%)
Table 23 Smart Meters Market, by Technology, 2019-2026 (USD Million)
9.2 Ami
9.2.1 Need for Accurate Meter Reading and Faster Restoration of Services is Driving Market
Table 24 Ami: Smart Meters Market Size, by Region, 2019-2026 (USD Million)
9.3 Amr
9.3.1 Need for Cost-Effective Smart Meters is Boosting Market Growth
Table 25 Amr: Smart Meters Market Size, by Region, 2019-2026 (USD Million)
10 Smart Meters Market, by End-user
10.1 Introduction
Figure 40 Smart Meters Market Share, by End-user, 2020 (%)
Table 26 Smart Meters Market, by End-user, 2019-2026 (USD Million)
10.2 Residential
10.2.1 with Increased Energy-Consuming Devices in Every Household, Market for Continuous Energy Monitoring Through Smart Meters is Growing
Table 27 Residential: Smart Meters Market, by Region, 2019-2026 (USD Million)
10.3 Commercial
10.3.1 Efficient Electricity Usage and Renewable Energy Integration to Grid are Boosting Smart Meters Market Growth
Table 28 Commercial: Smart Meters Market, by Region, 2019-2026 (USD Million)
10.4 Industrial
10.4.1 Effective Energy Load Management, Forecasting, and Reduced Energy Thefts are Driving Smart Meter Market
Table 29 Industrial: Smart Meters Market, by Region, 2019-2026 (USD Million)
11 Geographic Analysis
11.1 Introduction
Figure 41 Smart Meters Market in Asia-Pacific to Grow at Highest CAGR from 2021 to 2026
Figure 42 Smart Meters Market Share for Each Region, 2020 (%)
Table 30 Smart Meters Market, by Region, 2019-2026 (USD Million)
Table 31 Smart Meters Market, by Region, 2019-2026 (Million Units)
11.2 North America
Figure 43 North America: Snapshot, 2020
11.2.1 By Type
Table 32 North America: Smart Meters Market Size, by Type, 2019-2026 (USD Million)
11.2.2 By Communication Type
Table 33 North America: Smart Meters Market Size, by Communication Type, 2019-2026 (USD Million)
11.2.3 By Component
Table 34 North America: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 35 North America: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 36 North America: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
11.2.4 By Technology
Table 37 North America: Smart Meters Market Size, by Technology, 2019-2026 (USD Million)
11.2.5 By End-user
Table 38 North America: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.2.6 By Country
Table 39 North America: Smart Meters Market, by Country, 2019-2026 (USD Million)
11.2.6.1 US
11.2.6.1.1 Climate Change-Influenced Policies and Investments in Smart Grid Infrastructure are Driving Market
Table 40 US: Smart Meters Market Size, by Type, 2019-2026 (USD Million)
Table 41 US: Smart Meters Market Size, by Communication Type, 2019-2026 (USD Million)
Table 42 US: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 43 US: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 44 US: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 45 US: Smart Meters Market Size, by Technology, 2019-2026 (USD Million)
Table 46 US: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.2.6.2 Canada
11.2.6.2.1 Increasing Domestic Power Consumption and Upgrades of Electric Grid Infrastructure to Incorporate Renewable Energy Stimulate Smart Meters Market Growth in Canada
Table 47 Canada: Smart Meters Market Size, by Type, 2019-2026 (USD Million)
Table 48 Canada: Smart Meters Market Size, by Communication Type, 2019-2026 (USD Million)
Table 49 Canada: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 50 Canada: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 51 Canada: Smart Meters for Hardware, by Type, 2019-2026 (USD Million)
Table 52 Canada: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 53 Canada: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.2.6.3 Mexico
11.2.6.3.1 Massive Rollout Plans and Government Support for Smart Meters Accelerate Smart Meters Market Growth
Table 54 Mexico: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 55 Mexico: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 56 Mexico: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 57 Mexico: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 58 Mexico: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 59 Mexico: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 60 Mexico: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.3 Europe
Figure 44 Europe: Market Snapshot, 2020
11.3.1 By Type
Table 61 Europe: Smart Meters Market, by Type, 2019-2026 (USD Million)
11.3.2 By Communication Type
Table 62 Europe: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
11.3.3 By Component
Table 63 Europe: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 64 Europe: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 65 Europe: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
11.3.4 By Technology
Table 66 Europe: Smart Meters Market, by Technology, 2019-2026 (USD Million)
11.3.5 By End-user
Table 67 Europe: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.3.6 By Country
Table 68 Europe: Smart Meters Market, by Country, 2019-2026 (USD Million)
11.3.6.1 UK
11.3.6.1.1 Strong Government Policies on Smart Meters and Need for Grid Optimization are Main Drivers for Smart Meters Market Growth
Table 69 UK: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 70 UK: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 71 UK: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 72 UK: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 73 UK: Smart Meters for Hardware, by Type, 2019-2026 (USD Million)
Table 74 UK: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 75 UK: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.3.6.2 Germany
11.3.6.2.1 Reducing Cost of Smart Meters, EU Energy Policy, and Need for Energy Efficiency are Driving Smart Meter Market
Table 76 Germany: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 77 Germany: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 78 Germany: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 79 Germany: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 80 Germany: Smart Meters for Hardware, by Type, 2019-2026 (USD Million)
Table 81 Germany: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 82 Germany: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.3.6.3 France
11.3.6.3.1 Strong Need for Efficient Grid Operations and EU Regulations are Propelling Market Growth
Table 83 France: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 84 France: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 85 France: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 86 France: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 87 France: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 88 France: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 89 France: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.3.6.4 Italy
11.3.6.4.1 Roll Out of Next-Generation Smart Meters Drives Market Growth
Table 90 Italy: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 91 Italy: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 92 Italy: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 93 Italy: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 94 Italy: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 95 Italy: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 96 Italy: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.3.6.5 Spain
11.3.6.5.1 Need for Efficient Grid Operations, Dynamic Pricing, and Need for Integration of Renewable Energy are Propelling Market Growth
Table 97 Spain: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 98 Spain: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 99 Spain: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 100 Spain: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 101 Spain: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 102 Spain: Smart Meters Market Size, by Technology, 2019-2026 (USD Million)
Table 103 Spain: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.3.6.6 Rest of Europe
Table 104 Rest of Europe: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 105 Rest of Europe: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 106 Rest of Europe: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 107 Rest of Europe: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 108 Rest of Europe: Smart Meters for Hardware, by Type, 2019-2026 (USD Million)
Table 109 Rest of Europe: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 110 Rest of Europe: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.4 Asia-Pacific
Figure 45 Asia-Pacific: Snapshot, 2020
11.4.1 By Type
Table 111 Asia-Pacific: Smart Meters Market, by Type, 2019-2026 (USD Million)
11.4.2 By Communication Type
Table 112 Asia-Pacific: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
11.4.3 By Component
Table 113 Asia-Pacific: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 114 Asia-Pacific: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 115 Asia-Pacific: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
11.4.4 By Technology
Table 116 Asia-Pacific: Smart Meters Market, by Technology, 2019-2026 (USD Million)
11.4.5 By End-user
Table 117 Asia-Pacific: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.4.6 By Country
Table 118 Asia-Pacific: Smart Meters Market, by Country, 2019-2026 (USD Million)
11.4.6.1 China
11.4.6.1.1 Demand for Integrating Renewable Energy Sources with Energy Grids and Investments in Smart Grids to Achieve Ambitious Carbon Neutrality Targets are Driving Market Growth
Table 119 China: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 120 China: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 121 China: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 122 China: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 123 China: Smart Meters for Hardware, by Type, 2019-2026 (USD Million)
Table 124 China: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 125 China: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.4.6.2 Australia
11.4.6.2.1 Higher Utility Costs and Distributed Energy Resources are Driving Market Growth
Table 126 Australia: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 127 Australia: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 128 Australia: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 129 Australia: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 130 Australia: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 131 Australia: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 132 Australia: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.4.6.3 Japan
11.4.6.3.1 Increasing Emphasis on Energy Security and Planned Renewable Energy Addition are Driving Demand
Table 133 Japan: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 134 Japan: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 135 Japan: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 136 Japan: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 137 Japan: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 138 Japan: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 139 Japan: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.4.6.4 India
11.4.6.4.1 Ambitious Net Zero Emissions Target and Smart Meters Mandates are Boosting Market Growth
Table 140 India: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 141 India: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 142 India: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 143 India: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 144 India: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 145 India: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 146 India: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.4.6.5 South Korea
11.4.6.5.1 Growing Market for Smart Grids and Need for Better Energy Efficiency to Integrate Clean Energy Systems Create Demand for Smart Meters
Table 147 South Korea: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 148 South Korea: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 149 South Korea: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 150 South Korea: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 151 South Korea: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 152 South Korea: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 153 South Korea: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.4.6.6 Rest of Asia-Pacific
Table 154 Rest of Asia-Pacific: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 155 Rest of Asia-Pacific: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 156 Rest of Asia-Pacific: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 157 Rest of Asia-Pacific: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 158 Rest of Asia-Pacific: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 159 Rest of Asia-Pacific: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 160 Rest of Asia-Pacific: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.5 South America
11.5.1 By Type
Table 161 South America: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 162 South America: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
11.5.2 By Component
Table 163 South America: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 164 South America: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 165 South America: Smart Meters for Hardware, by Type, 2019-2026 (USD Million)
11.5.3 By Technology
Table 166 South America: Smart Meters Market, by Technology, 2019-2026 (USD Million)
11.5.4 By End-user
Table 167 South America: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.5.5 By Country
Table 168 South America: Smart Meters Market, by Country, 2019-2026 (USD Million)
11.5.5.1 Brazil
11.5.5.1.1 Surging Need to Improve Operational Efficiency Boosts Demand for Smart Meters
Table 169 Brazil: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 170 Brazil: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 171 Brazil: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 172 Brazil: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 173 Brazil: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 174 Brazil: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 175 Brazil: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.5.5.2 Argentina
11.5.5.2.1 Escalating Requirements to Produce Energy Using Renewable Energy and Need for Operational Efficiency Create Opportunities for Smart Grid Market
Table 176 Argentina: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 177 Argentina: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 178 Argentina: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 179 Argentina: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 180 Argentina: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 181 Argentina: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 182 Argentina: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.5.5.3 Chile
11.5.5.3.1 Need to Develop Modern Utility Infrastructure and Reduce Operational Cost is Propelling Market Growth
Table 183 Chile: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 184 Chile: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 185 Chile: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 186 Chile: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 187 Chile: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 188 Chile: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 189 Chile: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.5.5.4 Rest of South America
Table 190 Rest of South America: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 191 Rest of South America: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 192 Rest of South America: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 193 Rest of South America: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 194 Rest of South America: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 195 Rest of South America: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 196 Rest of South America: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.6 Middle East & Africa
11.6.1 By Type
Table 197 Middle East and Africa: Smart Meters Market, by Type, 2019-2026 (USD Million)
11.6.2 By Communication Type
Table 198 Middle East and Africa: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
11.6.3 By Component
Table 199 Middle East and Africa: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 200 Middle East and Africa: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 201 Middle East and Africa: Smart Meters for Hardware, by Type, 2019-2026 (USD Million)
11.6.4 By Technology
Table 202 Middle East and Africa: Smart Meters Market, by Technology, 2019-2026 (USD Million)
11.6.5 By End-user
Table 203 Middle East and Africa: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.6.6 By Country
Table 204 Middle East and Africa: Smart Meters Market, by Country, 2019-2026 (USD Million)
11.6.6.1 Saudi Arabia
11.6.6.1.1 Need for Better Infrastructure, Availability of Capital, and Need for Operational Efficiency are Primary Drivers for Smart Meters Market
Table 205 Saudi Arabia: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 206 Saudi Arabia: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 207 Saudi Arabia: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 208 Saudi Arabia: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 209 Saudi Arabia: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 210 Saudi Arabia: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 211 Saudi Arabia: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.6.6.2 UAE
11.6.6.2.1 Growing Energy Consumption and Improving Utility Operations are Driving Market Growth
Table 212 UAE: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 213 UAE: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 214 UAE: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 215 UAE: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 216 UAE: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 217 UAE: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 218 UAE: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.6.6.3 South Africa
11.6.6.3.1 Rising Need to Reduce Utility Debt is Driving Market for Smart Meters
Table 219 South Africa: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 220 South Africa: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 221 South Africa: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 222 South Africa: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 223 South Africa: Smart Meters for Hardware, by Type, 2019-2026 (USD Million)
Table 224 South Africa: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 225 South Africa: Smart Meters Market, by End-user, 2019-2026 (USD Million)
11.6.6.4 Rest of Middle East & Africa
Table 226 Rest of Middle East & Africa: Smart Meters Market, by Type, 2019-2026 (USD Million)
Table 227 Rest of Middle East & Africa: Smart Meters Market, by Communication Type, 2019-2026 (USD Million)
Table 228 Rest of Middle East & Africa: Smart Meters Market, by Component, 2019-2026 (USD Million)
Table 229 Rest of Middle East & Africa: Smart Meters Market for Software, by Type, 2019-2026 (USD Million)
Table 230 Rest of Middle East & Africa: Smart Meters Market for Hardware, by Type, 2019-2026 (USD Million)
Table 231 Rest of Middle East & Africa: Smart Meters Market, by Technology, 2019-2026 (USD Million)
Table 232 Rest of Middle East & Africa: Smart Meters Market, by End-user, 2019-2026 (USD Million)
12 Competitive Landscape
12.1 Key Player Strategies/Right to Win
Table 233 Overview of Strategies Adopted by Top Players, January 2017-March 2021
12.2 Market Share Analysis
Table 234 Smart Meters Market: Degree of Competition
Figure 46 Leading Players in Smart Meters Market
12.3 Market Evaluation Framework
Table 235 Market Evaluation Framework
12.4 Revenue Analysis of Top Market Players
Figure 47 Top Players in Smart Meters Market from 2016 to 2020
12.5 Competitive Scenario
Table 236 Smart Meters Market: Product Launches, January 2017-August 2021
Table 237 Smart Meters Market: Deals, June 2017-August 2021
Table 238 Smart Meters Market: Others, July 2017-June 2021
12.6 Company Evaluation Quadrant
12.6.1 Star
12.6.2 Emerging Leader
12.6.3 Pervasive
12.6.4 Participant
Figure 48 Company Evaluation Quadrant: Smart Meters Market, 2020
12.7 Start-Up/Sme Evaluation Quadrant, 2020
12.7.1 Progressive Company
12.7.2 Responsive Company
12.7.3 Dynamic Company
12.7.4 Starting Block
Figure 49 Smart Meters Market: Start-Up/Sme Evaluation Quadrant, 2020
12.7.5 Competitive Benchmarking
Table 239 Company Product Footprint
Table 240 Company Footprint, by Smart Meters Type
Table 241 Company Footprint, by Component
Table 242 Company Footprint, by Region
13 Company Profiles
(Business Overview, Products/Solutions Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 Major Players
13.1.1 Schneider Electric
Table 243 Schneider Electric: Company Overview
Figure 50 Schneider Electric: Company Snapshot
Table 244 Schneider Electric: Products/Solutions Offered
Table 245 Schneider Electric: Product Launches
Table 246 Schneider Electric: Deals
Table 247 Schneider Electric: Others
13.1.2 Landis+Gyr
Table 248 Landis+Gyr: Company Overview
Figure 51 Landis + Gyr: Company Snapshot
Table 249 Landis + Gyr: Products/Solutions Offered
Table 250 Landis + Gyr: Product Launches
Table 251 Landis + Gyr: Deals
Table 252 Landis + Gyr: Others
13.1.3 Itron Gamesa
Table 253 Itron: Company Overview
Figure 52 Itron: Company Snapshot
Table 254 Itron: Products/Solutions Offered
Table 255 Itron: Product Launches
Table 256 Itron: Deals
Table 257 Itron: Others
13.1.4 Siemens
Table 258 Siemens: Company Overview
Figure 53 Siemens: Company Snapshot
Table 259 Siemens: Products/Solutions Offered
Table 260 Siemens: Deals
Table 261 Table 5 Siemens: Others
13.1.5 Wasion Group
Table 262 Wasion Group: Company Overview
Figure 54 Wasion Group: Company Snapshot
Table 263 Wasion Group: Products/Solutions Offered
Table 264 Wasion Group: Deals
13.1.6 Badger Meter
Table 265 Badger Meter: Company Overview
Figure 55 Badger Meter: Company Snapshot
Table 266 Badger Meter: Products/Solutions Offered
Table 267 Wasion Group: Product Launches
Table 268 Badger Meter: Deals
13.1.7 Sensus (Xylem)
Table 269 Sensus (Xylem): Company Overview
Figure 56 Sensus (Xylem): Company Snapshot
Table 270 Sensus (Xylem): Products/Solutions Offered
Table 271 Sensus Xylem: Product Launches
Table 272 Sensus Xylem: Deals
13.1.8 Honeywell International
Table 273 Honeywell International: Company Overview
Figure 57 Honeywell International: Company Snapshot
Table 274 Honeywell International: Products/Solutions Offered
Table 275 Honeywell International: Product Launches
Table 276 Honeywell International: Deals
13.1.9 Larsen & Toubro
Table 277 Larsen & Toubro: Company Overview
Figure 58 Larsen & Toubro: Company Snapshot
Table 278 Larsen & Toubro: Products/Solutions Offered
Table 279 Larsen & Toubro: Others
13.1.10 Kamstrup
Table 280 Kamstrup: Company Overview
Figure 59 Kamstrup: Company Snapshot
Table 281 Kamstrup: Products/Solutions Offered
Table 282 Kamstrup: Product Launches
Table 283 Kamstrup: Others
13.1.11 Genus Power Infrastructure
Table 284 Genus Power Infrastructure: Company Overview
Figure 60 Genus Power Infrastructure: Company Snapshot
Table 285 Genus Power Infrastructure: Products/Solutions Offered
Table 286 Genus Power Infrastructure: Deals
13.1.12 Aclara Technologies
Table 287 Alcara Technologies: Company Overview
Table 288 Alcara Technologies: Products/Solutions Offered
Table 289 Alcara Technologies: Product Launches
Table 290 Alcara Technologies: Others
13.1.13 Osaki Electric Co. (Edmi)
Table 291 Osaki Electric Co. (Edmi): Company Overview
Table 292 Osaki Electric Co. (Edmi): Products/Solutions Offered
Table 293 Osaki Electric Co. (Edmi): Product Launches
Table 294 Osaki Electric Co. (Edmi): Others
13.1.14 Sagemcom
Table 295 Sagemcom: Company Overview
Table 296 Sagemcom: Products/Solutions Offered
Table 297 Sagemcom: Product Launches
Table 298 Sagemcom: Deals
13.1.15 Iskraemeco
Table 299 Iskraemeco: Company Overview
Table 300 Iskraemeco: Products/Solutions Offered
Table 301 Iskraemeco: Product Launches
Table 302 Iskraemeco: Others
13.2 Key Players
13.2.1 Jiangsu Linyang Electronics
Table 303 Jiangsu Linyang Electronics
13.2.2 Hexing Electrical
Table 304 Hexing Electrical
13.2.3 Networked Energy Services Corporation
Table 305 Networked Energy Services Corporation
13.2.4 Pietro Fiorentini
Table 306 Pietro Fiorentini
13.2.5 Secure Meters
Table 307 Secure Meters
*Details on Business Overview, Products/Solutions Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies.
14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: The Subscription Portal
14.4 Available Customizations
  • Aclara Technologies
  • Badger Meter
  • Genus Power Infrastructure
  • Hexing Electrical
  • Honeywell International
  • Iskraemeco
  • Itron Gamesa
  • Jiangsu Linyang Electronics
  • Kamstrup
  • Landis+Gyr
  • Larsen & Toubro
  • Networked Energy Services Corporation
  • Osaki Electric Co. (Edmi)
  • Pietro Fiorentini
  • Sagemcom
  • Schneider Electric
  • Secure Meters
  • Sensus (Xylem)
  • Siemens
  • Wasion Group

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