Market Overview:
The global residential single phase 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-efficient solutions and the growing need for advanced metering infrastructure (AMI) in developed and developing countries. In addition, the rising awareness about energy conservation is also propelling the growth of this market. Based on type, IC card-based smart meters accounted for a larger share of the global residential single phase electricity smart meter market in 2017. This segment is expected to continue its dominance during the forecast period due to their advantages such as enhanced security features, data storage capacity, and longer life spans as compared to non-IC card-based meters. However, non-IC card-based meters are witnessing a higher growth rate owing to their low cost and easy installation process as compared to IC card-based meters.
Product Definition:
A Residential Single Phase Electricity Smart Meter is a device that measures the amount of electricity used by a single-phase residential customer. The meter records consumption in kilowatt hours (kWh) and can provide two-way communication between the customer and the utility. This allows customers to track their energy usage in near real time, make informed decisions about their energy use, and receive billing information directly from their utility.
IC Card:
An IC card is a small sized digital card which contains an integrated circuit and it is inserted into the traditional electricity meter. The information regarding the consumption of energy in any particular area can be obtained from these cards. These cards are used to monitor and track energy usage in real time, thereby helping consumers to reduce their power bill by around 15% as compared to traditional meters.
Non-IC Card:
Non-IC card is a smart device which can be used in place of the traditional electric meter. It is an electronic device that consists of an integrated circuit and a radio frequency identification (RFID) antenna, which allows consumers to connect with the electricity consumption data. The major function performed by non-IC cards includes measuring real-time energy usage and making it available for viewing on an internet connected screen or mobile application.
Application Insights:
The non-network connections application segment accounted for the largest revenue share of over 50% in 2017. The growth is attributed to growing demand for electricity smart meters in energy management applications across various end-use segments such as commercial, industrial and public buildings. Non-network connections include load shedding and other applications where a metering device is not required to be installed on the premises but rather at the main distribution panel or hub.
The network connections application segment is expected to witness significant growth over the forecast period owing to rising demand from residential consumers seeking efficient usage of energy resources coupled with growing penetration of electricity smart meters across major economies globally, including North America, Europe and Asia Pacific regions.
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 India. In 2015, around 45% and 20% of households in China had installed electric smart meters, which increased to 77% and 40%, respectively, by 2018. Similarly, as per a 2014 survey by Indian Energy Research Institute (IERE), around 80 million or 30%, rural houses had been equipped with electricity smart metering systems across India between 2010-11 and 2013-14. This resulted into an increase in average annual consumption of energy at each household by about 10%.
North America accounted for more than 25% share of global revenue in 2017 owing to early adoption coupled with government support for reducing carbon footprint associated with conventional fossil fuel based generation sources such as coal and gas plants. Furthermore, growing awareness regarding climate change along with stringent environmental regulations from governments are further anticipated to drive demand over the next eight years.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives for energy conservation and efficient utilization of resources
- Rising concerns over climate change and its impact on the environment
- Development of innovative technologies that help in reducing wastage of energy
- Growing awareness about the benefits of using smart meters among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Single Phase Electricity Smart Meter Market Research Report
By Type
IC Card, Non-IC Card
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Residential Single Phase Electricity Smart Meter Market Report Segments:
The global Residential Single Phase Electricity Smart Meter market is segmented on the basis of:
Types
IC Card, Non-IC Card
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
Highlights of The Residential Single Phase 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:
- IC Card
- Non-IC Card
- 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 Residential Single Phase 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.
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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?
A Residential Single Phase Electricity Smart Meter is a meter that can be installed in your home to measure and record your electricity usage. The meter will send data to the utility company on a regular basis, so they can better understand how much electricity you are using and make sure you are getting the best possible deal.
Some of the major companies in the residential single phase electricity smart meter market 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.
The residential single phase electricity 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 Residential Single Phase Electricity 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 Residential Single Phase Electricity Smart Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Residential Single Phase Electricity 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 Residential Single Phase Electricity 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 Residential Single Phase Electricity Smart Meter Market Size & Forecast, 2018-2028
4.5.1 Residential Single Phase Electricity Smart Meter Market Size and Y-o-Y Growth
4.5.2 Residential Single Phase Electricity Smart Meter Market Absolute $ Opportunity
Chapter 5 Global Residential Single Phase Electricity 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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Type
5.2.1 IC Card
5.2.2 Non-IC Card
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Residential Single Phase Electricity 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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Applications
6.2.1 Network Connections
6.2.2 Non-network Connections
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Residential Single Phase Electricity 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 Residential Single Phase Electricity 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 Residential Single Phase Electricity Smart Meter Analysis and Forecast
9.1 Introduction
9.2 North America Residential Single Phase Electricity 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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Type
9.6.1 IC Card
9.6.2 Non-IC Card
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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Applications
9.10.1 Network Connections
9.10.2 Non-network Connections
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 Residential Single Phase Electricity Smart Meter Analysis and Forecast
10.1 Introduction
10.2 Europe Residential Single Phase Electricity 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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Type
10.6.1 IC Card
10.6.2 Non-IC Card
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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Applications
10.10.1 Network Connections
10.10.2 Non-network Connections
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 Residential Single Phase Electricity Smart Meter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Residential Single Phase Electricity 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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Type
11.6.1 IC Card
11.6.2 Non-IC Card
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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Applications
11.10.1 Network Connections
11.10.2 Non-network Connections
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 Residential Single Phase Electricity Smart Meter Analysis and Forecast
12.1 Introduction
12.2 Latin America Residential Single Phase Electricity 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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Type
12.6.1 IC Card
12.6.2 Non-IC Card
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 Residential Single Phase Electricity Smart Meter Market Size Forecast by Applications
12.10.1 Network Connections
12.10.2 Non-network Connections
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) Residential Single Phase Electricity Smart Meter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Residential Single Phase Electricity 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) Residential Single Phase Electricity Smart Meter Market Size Forecast by Type
13.6.1 IC Card
13.6.2 Non-IC Card
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) Residential Single Phase Electricity Smart Meter Market Size Forecast by Applications
13.10.1 Network Connections
13.10.2 Non-network Connections
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 Residential Single Phase Electricity Smart Meter Market: Competitive Dashboard
14.2 Global Residential Single Phase Electricity 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 Siemens
14.3.4 Kamstrup
14.3.5 Elster Group
14.3.6 Nuri Telecom
14.3.7 Sagemcom
14.3.8 Iskraemeco
14.3.9 ZIV
14.3.10 Sanxing
14.3.11 Linyang Electronics
14.3.12 Wasion Group
14.3.13 Haixing Electrical
14.3.14 XJ Measurement & Control Meter
14.3.15 Chintim Instruments
14.3.16 Clou Electronics
14.3.17 Holley Metering
14.3.18 HND Electronics
14.3.19 Longi
14.3.20 Banner
14.3.21 Sunrise
