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Smart Electricity Meters Market Size, Share & Trends Analysis Report by Phase (Single-phase, Three-phase), by End Use (Residential, Commercial, Industrial), by Region, and Segment Forecasts, 2020 - 2027

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  • 100 Pages
  • March 2020
  • Region: Global
  • Grand View Research
  • ID: 5010938
Description Jump to:
The global smart electricity meters market size is expected to reach USD 18.9 billion by 2027. The market is anticipated to expand at a revenue-based CAGR of 7.8% from 2020 to 2027. The rising demand for energy security has been prevailing in the energy sector for a long time. Renewable energy generation has sufficed this demand to a certain extent. Still, the energy provided by such systems is intermittent, and thus energy conservation and efficient utilization of power are the key aspects of energy security. Smart meters deliver instantaneous data regarding power consumption that can be analyzed and the consumption can be controlled, stabilizing the energy demands.

These smart systems help the commercial end-use segment considerably as they assist in increasing the energy efficiency by providing real-time pricing and consumption data, which is directly related to the spending of the division. Smart meters are a fundamental component of an intelligent grid network. The smart grids are used to monitor and control the transmission system, which is an enhancement over the conventional electrical network. The initialization of smart grids in various regions is expected to fuel the demand for smart electric metering systems over the forecast period.

Increasing regulatory initiatives for the installation of smart electricity meters in various regions around the globe are likely to spur the market demand over the forecast period. For instance, smart/intelligent electricity metering regulations have been established for the European region, set up by the European Commission and most of the European population have adopted smart electricity meters under this mandate. The benefits of smart meters, such as time-based pricing, net metering, energy prepayment, power quality monitoring, communications with other intelligent devices, and energy theft detection, are encouraging the adoption of smart electricity meters in all countries.

Further key findings from the study suggest:
  • Growing adoption of smart grids by several regions is anticipated to drive the market growth over the forecast period

  • The residential segment is expected to hold significant smart electricity meters market share in 2019, owing to the need for customer energy management and flexibility in power load

  • The commercial end-use segment is expected to witness a considerable growth rate over the projected period owing to growing commercial buildings in urban areas

  • Europe market is expected to demonstrate substantial growth over the forecast period due to large-scale adoption of smart meters under regulations imposed by the European Commission

  • The key players in the smart electricity meters market areABB, GENERAL ELECTRIC, Holley Technology LTD., Elster Group GmbH, Iskraemeco d.d., Itron Inc., Landis+Gyr, Schneider Electric, Inc., and Siemens, among others.


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Information Procurement and Research Scope
1.2 Information Analysis
1.3 Market formulation & data visualization
1.4 Market Scope and Assumptions
1.4.1 Secondary Sources
1.4.2 Primary Sources
Chapter 2 Executive Summary
2.1 Smart Electricity Meters - Industry Snapshot & Key Buying Criteria, 2016 - 2027
2.2 Global
2.2.1 Global Smart Electricity Meters Market, 2016 - 2027
2.2.2 Global Smart Electricity Meters Market, By Phase, 2016 - 2027
2.2.3 Global Smart Electricity Meters Market, By End-Use, 2016 - 2027
2.2.4 Global Smart Electricity Meters Market, By Region, 2016 - 2027
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Technological Overview
3.3 Smart Electricity Meters Size and Growth Prospects
3.4 Smart Electricity Meters - Value Chain Analysis
3.5 Smart Electricity Meters Market Dynamics
3.5.1 Market Drivers
3.5.1.1 Rising need for energy efficiency & conservation
3.5.1.2 Increased government initiatives to install Smart Electricity Meters
3.5.1.3 Growing adoption of smart grids by several regions
3.5.1.4 Increasing need for energy security globally
3.5.2 Market Restraint
3.5.2.1 Electricity theft concern
3.6 Industry Analysis - Porter’s
3.6.1 Supplier Power
3.6.2 Buyer Power
3.6.3 Substitution Threat
3.6.4 Threat From New Entrant
3.6.5 Competitive Rivalry
3.7 Penetration & Key Opportunities Mapping
3.8 Regulatory Landscape
3.9 Smart Meter Standardizations
3.10 Recent Government Initiatives
3.11 Smart Electricity Meters - Competition Dashboard
3.12 Smart Electricity Meters - Pest Analysis
3.12.1 Political
3.12.2 Economic
3.12.3 Social
3.12.4 Technological
Chapter 4 Smart Electricity Meters Market: Phase Estimates & Trend Analysis
4.1 Smart Electricity Meters Market: Phase Movement Analysis
4.1.1 Single-Phas
4.1.1.1. Single-Phase smart electricity meters market, BY Region, 2016 - 2027
4.1.1.1.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.1.2 Three-PhaseE
4.1.2.1. Three-Phase smart electricity meters market, by region, 2016 - 2027
4.1.2.1.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
Chapter 5 Smart Electricity Meters Market: End-Use Estimates & Trend Analysis
5.1 Smart Electricity Meters Market: End-Use Movement Analysis
5.1.1 Residential
5.1.1.1. Residential smart electricity meters market, BY Region, 2016 - 2027
5.1.1.1.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.1.1.1.2. Market estimates and forecasts, 2016 - 2027 (Thousand Units)
5.1.2 Commercial
5.1.2.1. Commercial smart electricity meters market, by region, 2016 - 2027
5.1.2.1.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.1.2.1.2. Market estimates and forecasts, 2016 - 2027 (Thousand Units)
5.1.3 Industrial
5.1.3.1. Industrial smart electricity meters market, by region, 2016 - 2027
5.1.3.1.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
5.1.3.1.2. Market estimates and forecasts, 2016 - 2027 (Thousand Units)
Chapter 6 Smart Electricity Meters Market: Regional Estimates & Trend Analysis
6.1 Smart electricity meters Market: Regional Movement Analysis
6.2 North America
6.2.1 Regional Trends
6.2.2 North America Smart Electricity Meters Market, 2016 - 2027
6.2.2.1 North America smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.2.2.2 North America smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.2.2.3 North America smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.2.2.4 U.S. smart electricity meters market, 2016 - 2027
6.2.2.4.1 U.S. smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.2.2.4.2 U.S. smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.2.2.4.3 U.S. smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.2.2.5 Canada smart electricity meters market, 2016 - 2027
6.2.2.5.1 Canada smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.2.2.5.2 Canada smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.2.2.5.3 Canada smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.2.2.6 Mexico smart electricity meters market, 2016 - 2027
6.2.2.6.1 Mexico smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.2.2.6.2 Mexico smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.2.2.6.3 Mexico smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.3 Europe
6.3.1 Regional Trends
6.3.2 Europe Smart Electricity Meters Market, 2016 - 2027
6.3.2.1 Europe smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.3.2.2 Europe smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.3.2.3 Europe smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.3.2.4 U.K. smart electricity meters market, 2016 - 2027
6.3.2.4.1 U.K. smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.3.2.4.2 U.K. smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.3.2.4.3 U.K. smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.3.2.5 Germany smart electricity meters market, 2016 - 2027
6.3.2.5.1 Germany smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.3.2.5.2 Germany smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.3.2.5.3 Germany smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.3.2.6 France smart electricity meters market, 2016 - 2027
6.3.2.6.1 France smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.3.2.6.2 France smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.3.2.6.3 France smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.3.2.7 Spain smart electricity meters market, 2016 - 2027
6.3.2.7.1 Spain smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.3.2.7.2 Spain smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.3.2.7.3 Spain smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.3.2.8 Italy smart electricity meters market, 2016 - 2027
6.3.2.8.1 Italy smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.3.2.8.2 Italy smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.3.2.8.3 Italy smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.3.2.9 Netherlands smart electricity meters market, 2016 - 2027
6.3.2.9.1 Netherlands smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.3.2.9.2 Netherlands smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.3.2.9.3 Netherlands smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.4 Asia Pacific
6.4.1 Regional Trends
6.4.2 Asia Pacific Smart Electricity Meters Market, 2016 - 2027
6.4.2.1 Asia Pacific smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.4.2.2 Asia Pacific smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.4.2.3 Asia Pacific smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.4.2.4 China smart electricity meters market, 2016 - 2027
6.4.2.4.1 China smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.4.2.4.2 China smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.4.2.4.3 China smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.4.2.5 Japan smart electricity meters market, 2016 - 2027
6.4.2.5.1 Japan smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.4.2.5.2 Japan smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.4.2.5.3 Japan smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.4.2.6 South Korea smart electricity meters market, 2016 - 2027
6.4.2.6.1 South Korea smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.4.2.6.2 South Korea smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.4.2.6.3 South Korea smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.5 South America
6.5.1 Regional Trends
6.5.2 South America Smart Electricity Meters Market, 2016 - 2027
6.5.2.1 South America smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.5.2.2 South America smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.5.2.3 South America smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.5.2.4 Brazil smart electricity meters market, 2016 - 2027
6.5.2.4.1 Brazil smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.5.2.4.2 Brazil smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.5.2.4.3 Brazil smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
6.6 Middle East & Africa (MEA)
6.6.1 Regional Trends
6.6.2 Mea Smart Electricity Meters Market, 2016 - 2027
6.6.2.1 MEA smart electricity meters market by phase, 2016 - 2027 (USD Million)
6.6.2.2 MEA smart electricity meters market by end-use, 2016 - 2027 (USD Million)
6.6.2.3 MEA smart electricity meters market by end-use, 2016 - 2027 (Thousand Units)
Chapter 7 Competitive Landscape
7.1 Company Profiles
7.1.1 ABB
7.1.1.1 Company overview
7.1.1.2 Financial performance
7.1.1.3 Product benchmarking
7.1.1.4 Recent developments
7.1.2 GENERAL ELECTRIC
7.1.2.1 Company overview
7.1.2.2 Financial performance
7.1.2.3 Product benchmarking
7.1.2.4 Recent developments
7.1.3 Holley Technology LTD.
7.1.3.1 Company overview
7.1.3.2 Product benchmarking
7.1.3.3 Recent developments
7.1.4 Elster Group GmbH
7.1.4.1 Company overview
7.1.4.2 Product benchmarking
7.1.4.3 Recent developments
7.1.5 Inc Iskraemeco d.d.
7.1.5.1 Company overview
7.1.5.2 Product benchmarking
7.1.5.3 Recent developments
7.1.6 Itron Inc.
7.1.6.1 Company overview
7.1.6.2 Financial performance
7.1.6.3 Product benchmarking
7.1.6.4 Recent developments
7.1.7 Landis+Gyr
7.1.7.1 Company overview
7.1.7.2 Financial performance
7.1.7.3 Product benchmarking
7.1.7.4 Recent developments
7.1.8 Schneider Electric, Inc.
7.1.8.1 Company overview
7.1.8.2 Financial performance
7.1.8.3 Product benchmarking
7.1.8.4 Recent developments
7.1.9 Siemens
7.1.9.1 Company overview
7.1.9.2 Financial performance
7.1.9.3 Product benchmarking
7.1.9.4 Recent developments

Companies Mentioned

  • ABB
  • GENERAL ELECTRIC
  • Holley Technology LTD.
  • Elster Group GmbH
  • Inc Iskraemeco d.d.
  • Itron Inc.
  • Landis+Gyr
  • Schneider Electric, Inc.
  • Siemens

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