Market Overview:
The global electronic smart meter market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy efficiency and the need for advanced metering infrastructure (AMI). In terms of type, the single-phase smart meter segment is expected to dominate the market during the forecast period. This can be attributed to its low installation and maintenance cost as compared to three-phase smart meters.
Product Definition:
An electronic smart meter is a type of advanced metering infrastructure (AMI) device that measures and reports real-time energy usage to the utility company, other authorized users, and consumers. The importance of electronic smart meters is that they provide two-way communication between the utility company and the consumer. This allows for more accurate readings, outage detection and restoration, load management, time-of-use pricing, etc.
Single-phase Smart Meter:
Single-phase smart meters are used for measuring electricity usage in residential and commercial applications. They are installed on the property or building where the consumption is to be measured, and they send data to a central metering station. These meters can also be connected to an Electronic Smart Meter (ESM) network, allowing other utilities as well as third parties to monitor energy consumption.
Three-phase Smart Meter:
The three-phase smart meter is a device that measures electricity and its transmission in three different phases. It's major applications are for measuring the electricity consumption of commercial and residential buildings, industries, vehicles or other equipment. The main function of this device is to measure the real-time energy usage pattern which helps consumers to monitor their daily energy consumption with accuracy.
Application Insights:
The residential application segment accounted for the largest revenue share of over 70% in 2017. The growing demand for electricity and rising concerns regarding energy security are expected to be key factors driving the growth of this segment. In addition, a rise in consumer preference for home-based monitoring as opposed to visiting meters is anticipated to further fuel industry expansion over the forecast period.
The commercial application segment is expected to witness significant growth during the study period owing to increasing investments by various companies including Microsoft, IBM Corporation, HP Inc., AT&T Inc., etc. These companies are focusing on deploying digital infrastructure across offices and business centers thereby leading towards increased adoption of smart meters in commercial spaces such as office buildings and shopping malls among others.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The growth can be attributed to various factors such as increasing penetration of smart grid technology, rising demand for electricity storage facilities, and government initiatives favoring renewable energy generation. For instance, in December 2015, the U.S Department of Energy launched a program called “Energy Storage Systems (ESS) Market Development Initiative†with an aim to accelerate deployment of clean energy technologies across several sectors including electric grids and transportation systems in order to reduce carbon footprint associated with conventional fossil fuel based power generation sources.
Growth Factors:
- Increasing demand for energy conservation and efficient utilization of resources
- Rapid urbanization and industrialization in developing countries
- Stringent government regulations for energy conservation
- Favorable initiatives by the government to promote the use of smart meters
- Technological advancements in smart meter technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Smart Meter Market Research Report
By Type
Single-phase Smart Meter, Three-phase Smart Meter
By Application
Residential Application, Commercial Application, Industrial Application
By Companies
Landis+Gyr, Itron, GE Digital Energy, Siemens, Kamstrup, Xylem Inc, Elster Group, Sunrise, Aclara, Wasion Group, Sagemcom, Trilliant, Iskraemeco, OSAKI, Chintim Instruments, ZIV, Sanxing, Clou Electronics, HND Electronics, Longi, Hengye Electronics, Holey Metering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Smart Meter Market Report Segments:
The global Electronic Smart Meter market is segmented on the basis of:
Types
Single-phase Smart Meter, Three-phase Smart Meter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Application, Commercial Application, Industrial Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Landis+Gyr
- Itron
- GE Digital Energy
- Siemens
- Kamstrup
- Xylem Inc
- Elster Group
- Sunrise
- Aclara
- Wasion Group
- Sagemcom
- Trilliant
- Iskraemeco
- OSAKI
- Chintim Instruments
- ZIV
- Sanxing
- Clou Electronics
- HND Electronics
- Longi
- Hengye Electronics
- Holey Metering
Highlights of The Electronic Smart Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-phase Smart Meter
- Three-phase Smart Meter
- By Application:
- Residential Application
- Commercial Application
- Industrial Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Smart Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electronic smart meter is a meter that uses electronics to measure energy use. This type of meter can send information about your energy use directly to your utility company or other providers, so you can track your progress and make adjustments as needed.
Some of the major players in the electronic smart meter market are Landis+Gyr, Itron, GE Digital Energy, Siemens, Kamstrup, Xylem Inc, Elster Group, Sunrise, Aclara, Wasion Group, Sagemcom, Trilliant, Iskraemeco, OSAKI, Chintim Instruments, ZIV, Sanxing, Clou Electronics, HND Electronics, Longi, Hengye Electronics, Holey Metering.
The electronic smart meter market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Smart Meter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Smart Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Smart Meter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Smart Meter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Smart Meter Market Size & Forecast, 2018-2028
4.5.1 Electronic Smart Meter Market Size and Y-o-Y Growth
4.5.2 Electronic Smart Meter Market Absolute $ Opportunity
Chapter 5 Global Electronic Smart Meter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electronic Smart Meter Market Size Forecast by Type
5.2.1 Single-phase Smart Meter
5.2.2 Three-phase Smart Meter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electronic Smart Meter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electronic Smart Meter Market Size Forecast by Applications
6.2.1 Residential Application
6.2.2 Commercial Application
6.2.3 Industrial Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Smart Meter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Smart Meter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electronic Smart Meter Analysis and Forecast
9.1 Introduction
9.2 North America Electronic Smart Meter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electronic Smart Meter Market Size Forecast by Type
9.6.1 Single-phase Smart Meter
9.6.2 Three-phase Smart Meter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electronic Smart Meter Market Size Forecast by Applications
9.10.1 Residential Application
9.10.2 Commercial Application
9.10.3 Industrial Application
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electronic Smart Meter Analysis and Forecast
10.1 Introduction
10.2 Europe Electronic Smart Meter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electronic Smart Meter Market Size Forecast by Type
10.6.1 Single-phase Smart Meter
10.6.2 Three-phase Smart Meter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electronic Smart Meter Market Size Forecast by Applications
10.10.1 Residential Application
10.10.2 Commercial Application
10.10.3 Industrial Application
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electronic Smart Meter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronic Smart Meter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electronic Smart Meter Market Size Forecast by Type
11.6.1 Single-phase Smart Meter
11.6.2 Three-phase Smart Meter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electronic Smart Meter Market Size Forecast by Applications
11.10.1 Residential Application
11.10.2 Commercial Application
11.10.3 Industrial Application
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electronic Smart Meter Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronic Smart Meter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electronic Smart Meter Market Size Forecast by Type
12.6.1 Single-phase Smart Meter
12.6.2 Three-phase Smart Meter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electronic Smart Meter Market Size Forecast by Applications
12.10.1 Residential Application
12.10.2 Commercial Application
12.10.3 Industrial Application
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electronic Smart Meter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronic Smart Meter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electronic Smart Meter Market Size Forecast by Type
13.6.1 Single-phase Smart Meter
13.6.2 Three-phase Smart Meter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electronic Smart Meter Market Size Forecast by Applications
13.10.1 Residential Application
13.10.2 Commercial Application
13.10.3 Industrial Application
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Smart Meter Market: Competitive Dashboard
14.2 Global Electronic Smart Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Landis+Gyr
14.3.2 Itron
14.3.3 GE Digital Energy
14.3.4 Siemens
14.3.5 Kamstrup
14.3.6 Xylem Inc
14.3.7 Elster Group
14.3.8 Sunrise
14.3.9 Aclara
14.3.10 Wasion Group
14.3.11 Sagemcom
14.3.12 Trilliant
14.3.13 Iskraemeco
14.3.14 OSAKI
14.3.15 Chintim Instruments
14.3.16 ZIV
14.3.17 Sanxing
14.3.18 Clou Electronics
14.3.19 HND Electronics
14.3.20 Longi
14.3.21 Hengye Electronics
14.3.22 Holey Metering
