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Global Smart Meters Market Analysis by Offering (Hardware, Software), Meter Type (Electric Meter, Gas Mater, Water Meter), Technology (AMI, AMR), Application (Residential, Commercial, Industrial, Water Utilities) and Region - Forecast to 2030

  • ID: 5229082
  • Report
  • October 2020
  • Region: Global
  • 175 Pages
  • Prescient & Strategic Intelligence Private Limited

FEATURED COMPANIES

  • Elster Group GmbH
  • Enel S.p.A
  • Holley Metering Ltd.
  • Iskraemeco, d.d.
  • Itron Inc.
  • Landis+Gyr

The global smart meters market is predicted to generate a revenue of $20 billion by 2030, increasing from $13.1 billion in 2019, progressing at a 4.9% CAGR during the forecast period (2020-2030), according to this study.

The market is growing due to the rising focus on smart grids, rising awareness among people regarding energy conservation, and surging focus of governments on replacing conventional meters with smart meters. Based on offering, the market is divided into software and hardware.

Between the two, the software division is expected to advance at a faster pace during the forecast period, owing to the high requirement for software that can identify anomalies in the utility consumption patterns and ensure accurate billing. Meter data management and head-end software are the two key smart meter software. The former is a storage platform for smart meters and the latter is utilized for data collection. Software also aids in managing the operations of smart meters in a better way.

When meter type is taken into consideration, the smart meters market is categorized into water meter, gas meter, and electric meter, out of which, the electric meter category accounted for the major share of the market in the past, as they are adopted more than other meter types. Governments of different countries are working towards encouraging the installation of these meters. The water meter category is predicted to register the highest CAGR during the forecast period.

The Asia-Pacific (APAC) region has been dominating the smart meters market during the historical period (2014-2019) and is further projected to grow at the fastest CAGR during the forecast period. The major nations in APAC are widely investing in the deployment of smart meters. Within the region, China has been leading the regional domain, owing to the fact that the country is investing heavily in smart meter infrastructure and smart grid projects. The increasing government initiatives are projected to drive the regional market.

The two-way communication feature of smart meters is also driving the smart meters market. These devices support a bi-directional flow of information. They are deployed at the end of user’s premises for collecting information regarding electricity usage by all appliances and at regular intervals. Smart meters make use of local area network for collecting this data, which is then transmitted to the utility center using wide area network. The utility can also send signals, command, and information to the device at user’s end if needed.

The growing deployment of smart meters for accurate billing is a key driving factor of the smart meters market. The utilization of smart and effective monitoring and control devices is leading to enhanced billing accuracy in the service sector, including in data centers, private offices, and government buildings. For example, the Energy Efficiency Services Limited in India observed that states equipped with smart meters showed an average increase of about 25% in billing.

In conclusion, the market is growing due to the two-way communication feature of smart meters and rising deployment of these meters for accurate billing.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Elster Group GmbH
  • Enel S.p.A
  • Holley Metering Ltd.
  • Iskraemeco, d.d.
  • Itron Inc.
  • Landis+Gyr
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Offering
1.3.2 Market Segmentation by Meter Type
1.3.3 Market Segmentation by Technology
1.3.4 Market Segmentation by Application
1.3.5 Market Segmentation by Region
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit
1.3.7.1 Volume
1.3.7.2 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By region
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Offering
4.1.1.1 Hardware
4.1.1.2 Software
4.1.2 By Meter Type
4.1.2.1 Electric meter
4.1.2.2 Water meter
4.1.2.3 Gas meter
4.1.3 By Technology
4.1.3.1 AMR
4.1.3.2 AMI
4.1.4 By Application
4.1.4.1 Residential
4.1.4.2 Commercial
4.1.4.3 Industrial
4.1.4.4 Water utilities
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Surging deployment of smart meters for accurate billing
4.3.1.2 Robust applicability across various domains
4.3.2 Drivers
4.3.2.1 Government policies supporting smart meter installation
4.3.2.2 Increasing focus on smart grid programs
4.3.2.3 Two-way communication feature of smart meters
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Lack of awareness about smart meters among consumers
4.3.3.2 Lack of interoperability
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Power demand management by grid operators
4.4 Impact of COVID-19 on Smart Meters Market
4.4.1 Impact of COVID-19 Outbreak on Supply and Demand Sides
4.4.2 Current scenario
4.4.3 Future scenario
4.5 Porter’s Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Intensity of Rivalry
4.5.4 Threat of New Entrants
4.5.5 Threat of Substitutes

Chapter 5. Global Market Size and Forecast
5.1 By Offering
5.2 By Meter Type
5.3 By Technology
5.4 By Application
5.5 By Region

Chapter 6. North America Market Size and Forecast
6.1 By Offering
6.2 By Meter Type
6.3 By Technology
6.4 By Application
6.5 By Country

Chapter 7. Europe Market Size and Forecast
7.1 By Offering
7.2 By Meter Type
7.3 By Technology
7.4 By Application
7.5 By Country

Chapter 8. APAC Market Size and Forecast
8.1 By Offering
8.2 By Meter Type
8.3 By Technology
8.4 By Application
8.5 By Country

Chapter 9. LATAM Market Size and Forecast
9.1 By Offering
9.2 By Meter Type
9.3 By Technology
9.4 By Application
9.5 By Country

Chapter 10. MEA Market Size and Forecast
10.1 By Offering
10.2 By Meter Type
10.3 By Technology
10.4 By Application
10.5 By Country

Chapter 11. Major Markets for Smart Meters
11.1 U.S. Smart Meters Market
11.1.1 By Meter Type
11.1.2 By Application
11.2 France Smart Meters Market
11.2.1 By Meter Type
11.2.2 By Application
11.3 China Smart Meters Market
11.3.1 By Meter Type
11.3.2 By Application
11.4 Japan Smart Meters Market
11.4.1 By Meter Type
11.4.2 By Application
11.5 India Smart Meters Market
11.5.1 By Meter Type
11.5.2 By Application

Chapter 12. Competitive Landscape
12.1 List of Players and Their Offerings
12.2 Ranking of Key Players
12.2.1 Ranking of Key Players
12.3 Product Benchmarking of Key Players
12.4 Strategic Developments in the Market
12.4.1 Mergers & Acquisitions
12.4.2 Product Launches
12.4.3 Partnerships
12.4.4 Geographic Expansion
12.4.5 Client Wins

Chapter 13. Company Profiles
13.1 Siemens AG
13.1.1 Business Overview
13.1.2 Product and Service Offerings
13.1.3 Key Financial Summary
13.2 Itron Inc.
13.2.1 Business Overview
13.2.2 Product and Service Offerings
13.2.3 Key Financial Summary
13.3 Iskraemeco, d.d.
13.3.1 Business Overview
13.3.2 Product and Service Offerings
13.4 Landis+Gyr
13.4.1 Business Overview
13.4.2 Product and Service Offerings
13.4.3 Key Financial Summary
13.5 Osaki Electric Co. Ltd.
13.5.1 Business Overview
13.5.2 Product and Service Offerings
13.5.3 Key Financial Summary
13.6 Holley Metering Ltd.
13.6.1 Business Overview
13.6.2 Product and Service Offerings
13.7 Elster Group GmbH
13.7.1 Business Overview
13.7.2 Product and Service Offerings
13.8 Schneider Electric SE
13.8.1 Business Overview
13.8.2 Product and Service Offerings
13.8.3 Key Financial Summary
13.9 Enel S.p.A
13.9.1 Business Overview
13.9.2 Product and Service Offerings
13.9.3 Key Financial Summary
13.10 Sagemcom
13.10.1 Business Overview
13.10.2 Product and Service Offerings

Chapter 14. Appendix
14.1 Abbreviations
14.2 Sources and References
14.3 Related Reports

List of Tables
Table 1 Analysis Period Of The Study
Table 2 Drivers For The Market: Impact Analysis
Table 3 Restraints For The Market: Impact Analysis
Table 4 Covid-19 Impact Analysis On Different Sectors
Table 5 Global Smart Meters Market, By Offering, $M (2014-2019)
Table 6 Global Smart Meters Market, By Offering, $M (2020-2030)
Table 7 Global Smart Meters Market, By Meter Type, $M (2014-2019)
Table 8 Global Smart Meters Market, By Meter Type, $M (2020-2030)
Table 9 Global Smart Meters Market, By Meter Type, Million Units (2014-2019)
Table 10 Global Smart Meters Market, By Meter Type, Million Units (2020-2030)
Table 11 Global Smart Meters Market, By Technology, $M (2014-2019)
Table 12 Global Smart Meters Market, By Technology, $M (2020-2030)
Table 13 Global Smart Meters Market, By Application, $M (2014-2019)
Table 14 Global Smart Meters Market, By Application, $M (2020-2030)
Table 15 Global Smart Meters Market, By Region, $M (2014-2019)
Table 16 Global Smart Meters Market, By Region, $M (2020-2030)
Table 17 North America Smart Meters Market, By Offering, $M (2014-2019)
Table 18 North America Smart Meters Market, By Offering, $M (2020-2030)
Table 19 North America Smart Meters Market, By Meter Type, $M (2014-2019)
Table 20 North America Smart Meters Market, By Meter Type, $M (2020-2030)
Table 21 North America Smart Meters Market, By Meter Type, Million Units (2014-2019)
Table 22 North America Smart Meters Market, By Meter Type, Million Units (2020-2030)
Table 23 North America Smart Meters Market, By Technology, $M (2014-2019)
Table 24 North America Smart Meters Market, By Technology, $M (2020-2030)
Table 25 North America Smart Meters Market, By Application, $M (2014-2019)
Table 26 North America Smart Meters Market, By Application, $M (2020-2030)
Table 27 North America Smart Meters Market, By Country, $M (2014-2019)
Table 28 North America Smart Meters Market, By Country, $M (2020-2030)
Table 29 Europe Smart Meters Market, By Offering, $M (2014-2019)
Table 30 Europe Smart Meters Market, By Offering, $M (2020-2030)
Table 31 Europe Smart Meters Market, By Meter Type, $M (2014-2019)
Table 32 Europe Smart Meters Market, By Meter Type, $M (2020-2030)
Table 33 Europe Smart Meters Market, By Meter Type, Million Units (2014-2019)
Table 34 Europe Smart Meters Market, By Meter Type, Million Units (2020-2030)
Table 35 Europe Smart Meters Market, By Technology, $M (2014-2019)
Table 36 Europe Smart Meters Market, By Technology, $M (2020-2030)
Table 37 Europe Smart Meters Market, By Application, $M (2014-2019)
Table 38 Europe Smart Meters Market, By Application, $M (2020-2030)
Table 39 Europe Smart Meters Market, By Country, $M (2014-2019)
Table 40 Europe Smart Meters Market, By Country, $M (2020-2030)
Table 41 Apac Smart Meters Market, By Offering, $M (2014-2019)
Table 42 Apac Smart Meters Market, By Offering, $M (2020-2030)
Table 43 Apac Smart Meters Market, By Meter Type, $M (2014-2019)
Table 44 Apac Smart Meters Market, By Meter Type, $M (2020-2030)
Table 45 Apac Smart Meters Market, By Meter Type, Million Units (2014-2019)
Table 46 Apac Smart Meters Market, By Meter Type, Million Units (2020-2030)
Table 47 Apac Smart Meters Market, By Technology, $M (2014-2019)
Table 48 Apac Smart Meters Market, By Technology, $M (2020-2030)
Table 49 Apac Smart Meters Market, By Application, $M (2014-2019)
Table 50 Apac Smart Meters Market, By Application, $M (2020-2030)
Table 51 Apac Smart Meters Market, By Country, $M (2014-2019)
Table 52 Apac Smart Meters Market, By Country, $M (2020-2030)
Table 53 Latam Smart Meters Market, By Offering, $M (2014-2019)
Table 54 Latam Smart Meters Market, By Offering, $M (2020-2030)
Table 55 Latam Smart Meters Market, By Meter Type, $M (2014-2019)
Table 56 Latam Smart Meters Market, By Meter Type, $M (2020-2030)
Table 57 Latam Smart Meters Market, By Meter Type, Million Units (2014-2019)
Table 58 Latam Smart Meters Market, By Meter Type, Million Units (2020-2030)
Table 59 Latam Smart Meters Market, By Technology, $M (2014-2019)
Table 60 Latam Smart Meters Market, By Technology, $M (2020-2030)
Table 61 Latam Smart Meters Market, By Application, $M (2014-2019)
Table 62 Latam Smart Meters Market, By Application, $M (2020-2030)
Table 63 Latam Smart Meters Market, By Country, $M (2014-2019)
Table 64 Latam Smart Meters Market, By Country, $M (2020-2030)
Table 65 Mea Smart Meters Market, By Offering, $M (2014-2019)
Table 66 Mea Smart Meters Market, By Offering, $M (2020-2030)
Table 67 Mea Smart Meters Market, By Meter Type, $M (2014-2019)
Table 68 Mea Smart Meters Market, By Meter Type, $M (2020-2030)
Table 69 Mea Smart Meters Market, By Meter Type, Million Units (2014-2019)
Table 70 Mea Smart Meters Market, By Meter Type, Million Units (2020-2030)
Table 71 Mea Smart Meters Market, By Technology, $M (2014-2019)
Table 72 Mea Smart Meters Market, By Technology, $M (2020-2030)
Table 73 Mea Smart Meters Market, By Application, $M (2014-2019)
Table 74 Mea Smart Meters Market, By Application, $M (2020-2030)
Table 75 Mea Smart Meters Market, By Country, $M (2014-2019)
Table 76 Mea Smart Meters Market, By Country, $M (2020-2030)
Table 77 U.S. Smart Meters Market, By Meter Type, $M (2014-2019)
Table 78 U.S. Smart Meters Market, By Meter Type, $M (2020-2030)
Table 79 U.S. Smart Meters Market, By Application, $M (2014-2019)
Table 80 U.S. Smart Meters Market, By Application, $M (2020-2030)
Table 81 France Smart Meters Market, By Meter Type, $M (2014-2019)
Table 82 France Smart Meters Market, By Meter Type, $M (2020-2030)
Table 83 France Smart Meters Market, By Application, $M (2014-2019)
Table 84 France Smart Meters Market, By Application, $M (2020-2030)
Table 85 China Smart Meters Market, By Meter Type, $M (2014-2019)
Table 86 China Smart Meters Market, By Meter Type, $M (2020-2030)
Table 87 China Smart Meters Market, By Application, $M (2014-2019)
Table 88 China Smart Meters Market, By Application, $M (2020-2030)
Table 89 Japan Smart Meters Market, By Meter Type, $M (2014-2019)
Table 90 Japan Smart Meters Market, By Meter Type, $M (2020-2030)
Table 91 Japan Smart Meters Market, By Application, $M (2014-2019)
Table 92 Japan Smart Meters Market, By Application, $M (2020-2030)
Table 93 India Smart Meters Market, By Meter Type, $M (2014-2019)
Table 94 India Smart Meters Market, By Meter Type, $M (2020-2030)
Table 95 India Smart Meters Market, By Application, $M (2014-2019)
Table 96 India Smart Meters Market, By Application, $M (2020-2030)
Table 97 List Of Players And Their Offerings
Table 98 Product Benchmarking Of Key Players
Table 99 Siemens Ag - At A Glance
Table 100 Siemens Ag - Key Financial Summary
Table 101 Itron Inc. - At A Glance
Table 102 Itron Inc. - Key Financial Summary
Table 103 Iskraemeco, D.D. - At A Glance
Table 104 Landis+Gyr - At A Glance
Table 105 Landis+Gyr - Key Financial Summary
Table 106 Osaki Electric Co. Ltd. - At A Glance
Table 107 Osaki Electric Co. Ltd. - Key Financial Summary
Table 108 Holley Metering Ltd. - At A Glance
Table 109 Elster Group Gmbh - At A Glance
Table 110 Schneider Electric Se - At A Glance
Table 111 Schneider Electric Se - Key Financial Summary
Table 112 Enel S.P.A - At A Glance
Table 113 Enel S.P.A - Key Financial Summary
Table 114 Sagemcom - At A Glance

List Of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Breakdown Of Primary Research By Region
Fig 4 Breakdown Of Primary Research By Industry Participant
Fig 5 Breakdown Of Primary Research By Company Type
Fig 6 Data Triangulation Approach
Fig 7 Currency Conversion Rates For Usd (2019)
Fig 8 Global Smart Meters Market Summary
Fig 9 Value Chain Analysis Of Smart Meters Market
Fig 10 Bargaining Power Of Buyers
Fig 11 Bargaining Power Of Suppliers
Fig 12 Intensity Of Rivalry
Fig 13 Threat Of New Entrants
Fig 14 Threat Of Substitutes
Fig 15 Global Smart Meters Market, By Offering, $M (2014-2030)
Fig 16 Global Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 17 Global Smart Meters Market, By Technology, $M (2014-2030)
Fig 18 Global Smart Meters Market, By Application, $M (2014-2030)
Fig 19 Worldwide Major Markets For Smart Meters
Fig 20 North America Smart Meters Market Snapshot
Fig 21 North America Smart Meters Market, By Offering, $M (2014-2030)
Fig 22 North America Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 23 North America Smart Meters Market, By Technology, $M (2014-2030)
Fig 24 North America Smart Meters Market, By Application, $M (2014-2030)
Fig 25 North America Smart Meters Market, By Country, $M (2014-2030)
Fig 26 Europe Smart Meters Market Snapshot
Fig 27 Europe Smart Meters Market, By Offering, $M (2014-2030)
Fig 28 Europe Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 29 Europe Smart Meters Market, By Technology, $M (2014-2030)
Fig 30 Europe Smart Meters Market, By Application, $M (2014-2030)
Fig 31 Europe Smart Meters Market, By Country, $M (2014-2030)
Fig 32 Apac Smart Meters Market Snapshot
Fig 33 Apac Smart Meters Market, By Offering, $M (2014-2030)
Fig 34 Apac Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 35 Apac Smart Meters Market, By Technology, $M (2014-2030)
Fig 36 Apac Smart Meters Market, By Application, $M (2014-2030)
Fig 37 Apac Smart Meters Market, By Country, $M (2014-2030)
Fig 38 Latam Smart Meters Market Snapshot
Fig 39 Latam Smart Meters Market, By Offering, $M (2014-2030)
Fig 40 Latam Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 41 Latam Smart Meters Market, By Technology, $M (2014-2030)
Fig 42 Latam Smart Meters Market, By Application, $M (2014-2030)
Fig 43 Latam Smart Meters Market, By Country, $M (2014-2030)
Fig 44 Mea Smart Meters Market Snapshot
Fig 45 Mea Smart Meters Market, By Offering, $M (2014-2030)
Fig 46 Mea Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 47 Mea Smart Meters Market, By Technology, $M (2014-2030)
Fig 48 Mea Smart Meters Market, By Application, $M (2014-2030)
Fig 49 Mea Smart Meters Market, By Country, $M (2014-2030)
Fig 50 U.S. Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 51 U.S. Smart Meters Market, By Application, $M (2014-2030)
Fig 52 France Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 53 France Smart Meters Market, By Application, $M (2014-2030)
Fig 54 China Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 55 China Smart Meters Market, By Application, $M (2014-2030)
Fig 56 Japan Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 57 Japan Smart Meters Market, By Application, $M (2014-2030)
Fig 58 India Smart Meters Market, By Meter Type, $M (2014-2030)
Fig 59 India Smart Meters Market, By Application, $M (2014-2030)
Fig 60 Global Smart Meters Market Ranking Of Key Players (2019)
Fig 61 Siemens Ag - Revenue Split By Segment And Geography (2019)
Fig 62 Itron Inc. - Revenue Split By Segment And Geography (2019)
Fig 63 Landis+Gyr - Revenue Split By Geography (2019)
Fig 64 Osaki Electric Co. Ltd. - Revenue Split By Segment And Geography (2019)
Fig 65 Schneider Electric Se - Revenue Split By Segment And Geography (2019)
Fig 66 Enel S.P.A - Revenue Split By Segment And Geography (2019)
Note: Product cover images may vary from those shown
  • Siemens AG
  • Itron Inc.
  • Iskraemeco, d.d.
  • Landis+Gyr
  • Osaki Electric Co. Ltd.
  • Holley Metering Ltd.
  • Elster Group GmbH
  • Schneider Electric SE
  • Enel S.p.A
  • Sagemcom
Note: Product cover images may vary from those shown

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