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Smart Meter Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMEP21335

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Published on

July 2021

Total pages

290

Table of Content

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About the Report

About the Report

Power and utility industry is experiencing a technological shift, as the overall demand for traditional metering systems is disappearing away and a massive shift toward digital technologies such as smart meters is taking the center stage. Smart metering solutions have ascertained to be a boon to consumers who get a freedom of monitoring and regulating their power usage. Smart meter rollouts, is predominantly driven by governmental support and subsidies, are is further driven by the increasing demand for improved billing accuracy and curb non-technical losses. Europe has emerged as a major hub for smart meter, providing ample growth opportunities for the manufacturers, as smart metering is mandatory in the UK and across Europe. Furthermore, over the forecast period, emerging markets in the MEA region are estimated to be at the forefront of smart meters deployment as a reliable source of energy supply & management. North America and Asia-Pacific (Specifically China) would be the top two market for smart metering solutions, owing to proactive deployment of smart grid solutions in countries such as US, India and China.

Based on technology the global smart meter market is bifurcated into Automated Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). Currently, Automated Meter Reading (AMR) segment dominate the market and is expected to maintain its dominance during the forecast period. Based on type the global smart meter market is segmented into Smart Electric Meter, Smart Gas Meter, Smart Water Mater. In 2020, Smart Electric Meter segment dominated the market.

Based on communication technology the market is divided into Power line communication, Radiofrequency electromagnetic radiation (RF), Cellular communication. Based on component, the market is bifurcated into Hardware and software component. Hardware segment dominated the market in 2020. Furthermore, Smart Meter manufactures are focusing more on reducing the hardware component with high level of system integration and simplifying design, this would further accelerate the market growth.

Based on end-user the market is bifurcated into residential, commercial and industrial end-users. Currently residential segment dominates the market and is expected to maintain its dominance during the analyzed period. Developing countries in the North America and European region are deploying Smart Meter on large scale in the households, this would further drive the market for residential Smart Meter.

For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, France, Netherlands, Spain, United Kingdom, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of APAC), and Rest of World.

Some of the major players operating in the market include Honeywell International, Itron, Landis+Gyr, Apator Group, Diehl Metering, Elster Group, Southern California, Schneider Electric, Siemens AG, Badger Meter.

Products


Companies

Honeywell International, Itron, Landis+Gyr, Apator Group, Diehl Metering, Elster Group, Southern California, Schneider Electric, Siemens AG., Badger Meter

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency Used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Smart Meter Market

2.1.1. Main Objective of the Global Smart Meter Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL SMART METER MARKET AMID COVID-19

6 GLOBAL SMART METER MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TECHNOLOGY

7.1. Automated Meter Reading (AMR)

7.2. Advanced Metering Infrastructure (AMI)

8 MARKET INSIGHTS BY TYPE

8.1. Smart Electric Meter

8.2. SMART METER

8.1. Smart Water Mater

9 MARKET INSIGHTS BY COMMUNICATION TECHNOLOGY

9.1. Power line communication

9.2. Radiofrequency electromagnetic radiation (RF)

9.3. Cellular communication

10 MARKET INSIGHTS BY COMPONENT

10.1. Hardware

10.2. Software

11 MARKET INSIGHTS BY END-USERS

11.1. Residential

11.2. Commercial

11.3. Industrial

12 MARKET INSIGHTS BY REGION

12.1. North America Smart Meter Market

12.1.1. United States

12.1.2. Canada

12.1.3. Rest of North America

12.2. Europe Smart Meter Market

12.2.1. Germany

12.2.2. United Kingdom

12.2.3. France

12.2.4. Netherlands

12.2.5. Spain

12.2.6. Rest of Europe

12.3. Asia Pacific Smart Meter Market

12.3.1. China

12.3.2. Japan

12.3.3. India

12.3.4. South Korea

12.3.5. Rest of Asia Pacific

12.4. Rest of World Smart Meter Market

13 GLOBAL SMART METER MARKET DYNAMICS

13.1. Market Drivers

13.2. Market Challenges

13.3. Impact Analysis

14 GLOBAL SMART METER MARKET OPPORTUNITIES

15 GLOBAL SMART METER MARKET TRENDS

16 LEGAL & REGULATORY FRAMEWORK

17 DEMAND AND SUPPLY SIDE ANALYSIS

17.1. Demand Side Analysis

17.2. Supply Side Analysis

17.2.1. Top Product Launches

17.2.2. Top Business Partnerships

17.2.3. Top Business Expansions, Investments and Divestitures

17.2.4. Top Merger and Acquisitions

18 VALUE CHAIN ANALYSIS

19 COMPETITIVE SCENARIO

19.1. Porter's Five Forces Analysis

19.1.1. Bargaining power of Supplier

19.1.2. Bargaining power of Buyer

19.1.3. Industry Rivalry

19.1.4. Availability of Substitute

19.1.5. Threat of new Entrants

19.2. Competitive Landscape

19.2.1. Company Shares, By Revenue

20 COMPANY PROFILED

20.1. Honeywell International

20.2. Itron

20.3. Landis+Gyr

20.4. Apator Group

20.5. Diehl Metering

20.6. Elster Group

20.7. Southern California

20.8. Schneider Electric

20.9. Siemens AG

20.10. Badger Meter

21 DISCLAIMER

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