Global Industrial Non-IC Card Electricity Smart Meter Market by Type (Single Phase, Three Phase), By Application (Network Connections, Non-network Connections) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global industrial non-IC card electricity smart meter market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy efficiency and the need for advanced metering infrastructure (AMI) in industrial sectors. In terms of type, the single phase segment is expected to hold a larger share of the market during the forecast period, owing to its low installation and maintenance costs as compared to three-phase meters. By application, network connections are expected to account for a larger share of the market during the forecast period, as these meters provide two-way communication between utilities and consumers for better load management.



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Product Definition:

An industrial non-IC card electricity smart meter is a device that measures and records the amount of electricity used by a particular business or industry. This information can be helpful in tracking energy use and reducing costs.

Single Phase:

Single-phase electricity smart meters are used to measure the power consumption of industrial non-intelligent consumer end uses. These meters have a single phase connected to the utility company’s network and can be easily integrated into an existing system. The single-phase meter is primarily used in industries such as paper & pulp, food & beverages, mining, cement plants and chemical manufacturing where there is a low demand for electricity from multiple phases.

Three Phase:

The three-phase electricity smart meter is a device that measures the power usage of an industrial facility and is used to regulate the electric current in order to protect machines from damage. It does this by measuring the electrical load on each phase of the grid, which helps in reducing energy losses due to overloading or underloading of phases. The product also helps consumers by providing them with accurate information related to their power consumption and allows them make better decisions regarding their energy usage.

Application Insights:

The global non-network connections segment accounted for the largest revenue share in 2015 and is projected to witness significant growth over the forecast period. This can be attributed to growing demand for energy efficient solutions across various industries worldwide. The network connections segment is estimated to grow at a steady rate over the next eight years owing to increasing penetration of smart grid systems globally. These systems are designed with meters that automatically record and transmit consumption data from an industrial power grid onto a central computer system via an electric power line carrier signal or wireless transmission signal.          ¢â“Utilization of these devices helps utilities monitor electrical usage patterns throughout an entire region thereby enabling them improve distribution infrastructure efficiency as well as customer usage information regarding electricity generation & consumption (generation).

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing penetration of electricity smart meters in China and Japan. In 2015, around 45% of all electric devices in Japan were equipped with electricity smart meters compared to 20% in 2014. Similarly, as per a December 2016 announcement by the Government of China, around 260 million electricity customers (around 70%) will be equipped with smart meters by 2020; however this deadline may get postponed due to technical reasons or for other reasons such as lack of proper infrastructure or software bugs affecting the system performance.

The European market was valued at USD X million in 2017 and is anticipated to witness considerable growth over the forecast period owing to rising awareness about benefits associated with these electric devices among consumers especially those living alone who have greater ability than before before control their energy consumption habits through usage of these new-age electrical appliances like Electricity Smart Meter (EMS).

Growth Factors:

Increasing demand for electricity smart meters from industrial sector
Rising need to curtail the wastage of energy in industries
Growing inclination of industrial consumers towards advanced metering infrastructure (AMI) and smart grids
Proliferation of IoT-based solutions for real-time monitoring and management of energy consumption
Favorable government initiatives and regulations supporting the deployment of electricity smart meters


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Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Non-IC Card Electricity Smart Meter Market Research Report
By Type
Single Phase, Three Phase
By Application
Network Connections, Non-network Connections
By Companies
Landis+Gyr, Itron, Siemens, Kamstrup, Elster Group, Nuri Telecom, Sagemcom, Iskraemeco, ZIV, Sanxing, Linyang Electronics, Wasion Group, Haixing Electrical, XJ Measurement & Control Meter, Chintim Instruments, Clou Electronics, Holley Metering, HND Electronics, Longi, Banner, Sunrise
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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.

Global Industrial Non-IC Card Electricity Smart Meter Market Report Segments:
The global Industrial Non-IC Card Electricity Smart Meter market is segmented on the basis of:
Types
Single Phase, Three Phase
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
Network Connections, Non-network Connections
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
Siemens
Kamstrup
Elster Group
Nuri Telecom
Sagemcom
Iskraemeco
ZIV
Sanxing
Linyang Electronics
Wasion Group
Haixing Electrical
XJ Measurement & Control Meter
Chintim Instruments
Clou Electronics
Holley Metering
HND Electronics
Longi
Banner
Sunrise



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Highlights of The Industrial Non-IC Card Electricity 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
Three Phase
By Application:
Network Connections
Non-network Connections
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 Industrial Non-IC Card Electricity 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
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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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

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