Global Smart Meters Market Research Report By Type (Electric Meters, Gas Meters and Water Meters), By Technology (Automatic Meter Reading (AMR) and Advanced Metering Infrastructure (AMI)), By Application (Residential, Commercial and Industrial), By Region - Forecast to 2023

Global Smart Meters Market Research Report By Type (Electric Meters, Gas Meters and Water Meters), By Technology (Automatic Meter Reading (AMR) and Advanced Metering Infrastructure (AMI)), By Application (Residential, Commercial and Industrial), By Region - Forecast to 2023


  • Products Id :- MRFR/E&P/3150-CRR
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  • Pages: 125
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Executive Summary

Smart meters are next generation meters for both gas and electricity. They are a replacement for standard meters that use technology created decades ago and require households to track their own readings and submit them to suppliers if they want accurate bills. The global smart meters market is expected to grow at ~9.55% CAGR during the forecast and reach USD 29583.1 million by 2023. The smart meters market is expected to grow at a rapid pace, primarily, due to government roll-outs, and implementations of mandates & policies, in developed economies. Advantages of smart meters such as accurate billing, enhanced customer experience, and improved customer service are expected to be the driving factors for smart meters market in developing countries.

The smart meters market, on the basis of technology, has been segmented as automatic meter reading and advanced metering infrastructure. The objective of an AMI is to provide utility companies with real time data about the power usage and enable the end users to make well informed decisions regarding their energy consumption. AMR on the other hand is basically a technology that automatically collects consumption, diagnostic and status data from smart meters. The data is transferred to a central operating database for analyzing.

On the basis of type, the smart meters market has been segmented as electric meters, gas meters, and water meters. Electric meters accounted for the largest market share of 55.4% in 2016, with a market value of USD 8,715.2 million and is projected to grow at the highest CAGR of 9.56% during the forecast period. Based on applications, residential accounted for the largest market share of 60.7% in 2016, with a market value of USD 9,550.4 million and is projected to grow at the highest CAGR of 9.81% during the forecast period. Rising electricity prices with growing demand of residential energy consumption, have a positive influence on the market.



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Table of Contents:

1 Executive Summary

2 Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Assumptions

2.4 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Drivers

4.1.1 Growing Investment in Smart Grid Projects

4.1.2 Supportive Government Initiatives

4.1.3 Demand/Needs for efficient energy usage

4.2 Restraint

4.2.1 High initial capital investment

4.2.2 Lack of Awareness

4.3 Opportunities

4.3.1 Scope in the Developing Nations

4.3.2 Technological development

5 Market Factor Analysis

5.1 Porter's Five Forces Analysis

5.1.1 Threat of New Entrants

5.1.2 Bargaining Power of Suppliers

5.1.3 Bargaining Power of Buyers

5.1.4 Threat of Substitutes

5.1.5 Rivalry

5.2 Supply Chain Analysis

6 Global Smart Meters Market, By Type

6.1 Overview

6.1.1 Electric Meters

6.1.2 Gas Meters

6.1.3 Water Meters

7 Global Smart Meters Market, By Technology

7.1 Overview

7.1.1 Automatic Meter Reading (AMR)

7.1.2 Advanced Metering Infrastructure (AMI)

8 Global Smart Meters Market, By Application

8.1 Overview

8.1.1 Residential

8.1.2 Commercial

8.1.3 Industrial

9 Global Smart Meters Market, By Region

9.1 Introduction

9.2 North America

9.2.1 U.S.

9.2.2 Canada

9.3 Europe

9.3.1 Germany

9.3.2 U.K.

9.3.3 France

9.3.4 Spain

9.3.5 Rest of Europe

9.4 Asia-Pacific

9.4.1 China

9.4.2 Japan

9.4.3 India

9.4.4 Rest of Asia-Pacific

9.5 Rest of the World

9.5.1 South America

9.5.2 Middle East & Africa

10 Competitive Scenario

10.1 Overview

10.2 Global Smart Meters Market Shares of Top 5 Players

10.3 Competitors Benchmarking

10.4 Major Project By Key Players

10.4.1 Schiender Electric

10.4.2 Honeywell

10.4.3 Landis+Gyr

10.4.4 Aclara Technologies LLC

10.4.5 DIEHL Metering

10.4.6 Xylem

10.4.7 Badger Meter, Inc.

10.4.8 EDMI

10.4.9 Kamstrup A/S

11 Company Profile

11.1 Schneider Electric

11.1.1 Company Overview

11.1.2 Financial Overview

11.1.3 Product/Service Offering

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 Siemens AG

11.2.1 Company Overview

11.2.2 Financial Overview

11.2.3 Service Offering

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 LANDIS+GYR

11.3.1 Company Overview

11.3.2 Financial Overview

11.3.3 Product/Service Offering

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 Xylem Inc.

11.4.1 Company Overview

11.4.2 Financial Overview

11.4.3 Product/Service Offering

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 Honeywell International Inc.

11.5.1 Company Overview

11.5.2 Financial Overview

11.5.3 Product/Service Offering

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 Aclara Technologies LLC

11.6.1 Company Overview

11.6.2 Financial Overview

11.6.3 Product/Service Offering

11.6.4 Strategy

11.6.5 Key Developments

11.7 Badger Meter, Inc.

11.7.1 Company Overview

11.7.2 Financial Overview

11.7.3 Product/Service Offering

11.7.4 Strategy

11.7.5 Key Developments

11.8 Itron, Inc.

11.8.1 Company Overview

11.8.2 Financial Overview

11.8.3 Product/Service Offering

11.8.4 Strategy

11.9 EDMI

11.9.1 Company Overview

11.9.2 Financial Overview

11.9.3 Product/Service Offering

11.9.4 Strategy

11.9.5 Key Developments

11.1 Apator S.A.

11.10.1 Company Overview

11.10.2 Financial Overview

11.10.3 Product/Service Offering

11.10.4 Strategy

11.10.5 Key Developments

11.11 DIEHL METERING GMBH

11.11.1 Company Overview

11.11.2 Financial Overview

11.11.3 Product/Service Offering

11.11.4 Strategy

11.11.5 Key Developments

11.12 Zenner

11.12.1 Company Overview

11.12.2 Financial Overview

11.12.3 Product/Service Offering

11.12.4 Strategy

11.12.5 Key Developments

11.13 Kamstrup A/S

11.13.1 Company Overview

11.13.2 Financial Overview

11.13.3 Product/Service Offering

11.13.4 Strategy

11.13.5 Key Developments

List of Figures:

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF GLOBAL SMART METERS MARKET

FIGURE 4 NUMBER OF SMART METERS INSTALLED IN GREAT BRITAIN (Q1 2013-Q4 2016)

FIGURE 5 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL SMART METERS MARKET

FIGURE 6 SUPPLY CHAIN ANALYSIS OF GLOBAL SMART METERS MARKET

FIGURE 7 GLOBAL SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 8 GLOBAL SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

FIGURE 9 GLOBAL SMART METERS MARKET SHARE, BY TECHNOLOGY, 2016 (IN %)

FIGURE 10 GLOBAL SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

FIGURE 11 GLOBAL SMART METERS MARKET SHARE, BY APPLICATION, 2016 (%)

FIGURE 12 GLOBAL SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

FIGURE 13 GLOBAL SMART METERS MARKET SHARE, BY REGION, 2016 (IN %)

FIGURE 14 GLOBAL SMART METERS MARKET, BY REGION, 2015-2023 (USD MILLION)

FIGURE 15 NORTH AMERICA: SMART METERS MARKET SHARE, BY COUNTRY, 2016 (%)

FIGURE 16 NORTH AMERICA: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 17 U.S.: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 18 CANADA: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 19 EUROPE: SMART METERS MARKET SHARE, BY COUNTRY, 2016 (%)

FIGURE 20 EUROPE: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 21 GERMANY: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 22 U.K.: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 23 FRANCE: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 24 SPAIN: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 25 REST OF EUROPE: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 26 ASIA-PACIFIC: SMART METERS MARKET SHARE, BY COUNTRY, 2016 (%)

FIGURE 27 ASIA-PACIFIC: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 28 CHINA: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 29 JAPAN: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 30 INDIA: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 31 REST OF ASIA-PACIFIC: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 32 ROW: SMART METERS MARKET SHARE, BY COUNTRY, 2016 (% SHARE)

FIGURE 33 ROW: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 34 SOUTH AMERICA: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 35 MIDDLE EAST & AFRICA: SMART METERS MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 36 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL SMART METERS MARKET, 2014-2017, (% SHARE)

FIGURE 37 GLOBAL SMART METERS MARKET SHARE OF TOP 5 PLAYERS

FIGURE 38 COMPETITORS BENCHMARKING

FIGURE 39 SCHNEIDER ELECTRIC: TOTAL REVENUE (USD MILLION)

FIGURE 40 SCHNEIDER ELECTRIC: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 41 SCHNEIDER ELECTRIC: SWOT ANALYSIS

FIGURE 42 SIEMENS AG: TOTAL REVENUE, (USD MILLION)

FIGURE 43 SIEMENS AG: GEOGRAPHIC REVENUE MIX, 2015 (%)

FIGURE 44 SIEMENS AG: KEY DEVELOPMENTS, 2012-2017 (%)

FIGURE 45 SIEMENS AG: SWOT ANALYSIS

FIGURE 46 LANDIS+GYR: TOTAL REVENUE, (USD MILLION)

FIGURE 47 LANDIS+GYR: GEOGRAPHIC REVENUE MIX, 2015 (%)

FIGURE 48 LANDIS+GYR: KEY DEVELOPMENTS, 2014-2017 (%)

FIGURE 49 LANDIS+GYR: SWOT ANALYSIS

FIGURE 50 XYLEM, INC.: TOTAL REVENUE, (USD MILLION)

FIGURE 51 XYLEM, INC.: GEOGRAPHIC REVENUE MIX, 2015 (%)

FIGURE 52 XYLEM, INC.: KEY DEVELOPMENTS, 2014-2017 (%)

FIGURE 53 XYLEM, INC.: SWOT ANALYSIS

FIGURE 54 HONEYWELL INTERNATIONAL: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION)

FIGURE 55 HONEYWELL INTERNATIONAL INC.: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 56 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS

FIGURE 57 ACLARA TECHNOLOGIES LLC: KEY DEVELOPMENTS, 2014-2017 (%)

FIGURE 58 BADGER METER, INC: TOTAL REVENUE VS SEGMENTAL REVENUE (USD MILLION)

FIGURE 59 BADGER METER, INC.: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 60 BADGER METER, INC.: KEY DEVELOPMENTS, 2014-2017 (%)

FIGURE 61 ITRON INC: TOTAL REVENUE (USD MILLION)

FIGURE 62 ITRON INC: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 63 EDMI: TOTAL REVENUE (USD MILLION)

FIGURE 64 EDMI: KEY DEVELOPMENTS, 2014 - 2017 (%)

FIGURE 65 APATOR GROUP: TOTAL REVENUE (USD MILLION)

FIGURE 66 APATOR GROUP: GEOGRAPHIC REVENUE MIX, 2016 (%)

FIGURE 67 DIEHL METERING GMBH: TOTAL REVENUE (USD MILLION)

FIGURE 68 ZENNER: KEY DEVELOPMENTS, 2014-2017 (%)

FIGURE 69 KAMSTRUP A/S: TOTAL REVENUE (USD MILLION)

FIGURE 70 KAMSTRUP A/S: GEOGRPHIC REVENUE MIX, 2016 (%)

FIGURE 71 KAMSTRUP A/S: KEY DEVELOPMENTS, 2014-2017 (%)

List of Tables:

TABLE 1 MARKETSSS SYNOPSIS

TABLE 2 GLOBAL SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 3 GLOBAL SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 4 GLOBAL SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 5 GLOBAL SMART METERS MARKET, BY REGION, 2015-2023 (USD MILLION)

TABLE 6 NORTH AMERICA: SMART METERS MARKET, BY COUNTRY, 2015-2023 (USD MILLION)

TABLE 7 NORTH AMERICA: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 8 NORTH AMERICA: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 9 NORTH AMERICA: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 10 U.S.: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 11 U.S.: SMART METERS MARKET SIZE, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 12 U.S.: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 13 CANADA: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 14 CANADA: SMART METERS MARKET SIZE, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 15 CANADA: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 16 EUROPE: SMART METERS MARKET, BY COUNTRY, 2015-2023 (USD MILLION)

TABLE 17 EUROPE: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 18 EUROPE: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 19 EUROPE: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 20 GERMANY: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 21 GERMANY: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 22 GERMANY: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 23 U.K.: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 24 U.K.: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 25 U.K.: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 26 FRANCE: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 27 FRANCE: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 28 FRANCE: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 29 SPAIN: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 30 SPAIN: SMART METERS MARKET SIZE, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 31 SPAIN: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 32 REST OF EUROPE: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 33 REST OF EUROPE: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 34 REST OF EUROPE: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 35 ASIA-PACIFIC: SMART METERS MARKET, BY COUNTRY, 2015-2023 (USD MILLION)

TABLE 36 ASIA-PACIFIC: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 37 ASIA-PACIFIC: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 38 ASIA-PACIFIC: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 39 CHINA: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 40 CHINA: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 41 CHINA: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 42 JAPAN: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 43 JAPAN: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 44 JAPAN: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 45 INDIA: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 46 INDIA: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 47 INDIA: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 48 REST OF ASIA-PACIFIC: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 49 REST OF ASIA-PACIFIC: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 50 REST OF ASIA-PACIFIC: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 51 ROW: SMART METERS MARKET, BY COUNTRY, 2015-2023 (USD MILLION)

TABLE 52 ROW: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 53 ROW: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 54 ROW: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLIONS)

TABLE 55 SOUTH AMERICA: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 56 SOUTH AMERICA: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 57 SOUTH AMERICA: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 58 MIDDLE EAST & AFRICA: SMART METERS MARKET, BY TYPE, 2015-2023 (USD MILLION)

TABLE 59 MIDDLE EAST & AFRICA: SMART METERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

TABLE 60 MIDDLE EAST & AFRICA: SMART METERS MARKET, BY APPLICATION, 2015-2023 (USD MILLION)

TABLE 61 APATOR S.A.: KEY DEVELOPMENTS, 2014-2017

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Schneider Electric (France), Siemens AG. (Germany), Landis+Gyr (Switzerland), Xylem, Inc. (U.S.), Aclara Technologies LLC (U.S.), Badger Meter, Inc. (U.S.), Honeywell International Inc. (U.S.), Itron Inc. (U.S.), EDMI (Singapore), Apator Group (Poland), DIEHL Metering (Germany), Zenner (Germany), Kamstrup A/S (Denmark)

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