Market Overview:
The global smart meter battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart meters across the globe. Smart meters are used for measuring and recording energy consumption data, which helps in reducing wastage of energy and improving efficiency. In addition, they also help in detecting and preventing frauds related to electricity bills. These factors are driving the demand for smart meters, thereby leading to an increase in demand for batteries used in these meters. The global smart meter battery market is segmented on the basis of type into lithium battery, Zn-MnO2 battery, and other types. The lithium battery segment is expected to hold a major share of the market during the forecast period owing to its high efficiency and long life span as compared with other types of batteries available in the market. On the basis of application,the globalsmart meter batterymarketis divided intosmart electricitymeter,smart gasmeterandsmart watermeter segments.
Product Definition:
A Smart Meter Battery is a battery that is used to store energy for use by a smart meter. The importance of the Smart Meter Battery is that it helps ensure that the smart meter has power when it needs it, which helps keep the meter functioning properly.
Lithium Battery:
Lithium battery is a rechargeable battery, made from three parts: cathode, anode and electrolyte. The cathode-ray of the lithium battery consists of a single carbon atom that is positively charged while the anode is made from metal oxide and it has a large number of negative ions. The presence of an electrolyte causes the flow of current between these two electrodes through the use of salts.
Zn-MnO2 Battery:
Zn-MnO2 battery is a rechargeable zinc manganese dioxide battery, which finds application in smart meters. It has the ability to store energy from any source including solar power and electricity supply. The product stores electrical energy in the form of an electric charge and can be used at any point of time even if there is no sunlight or electricity supply.
Application Insights:
The smart electricity meter application segment accounted for the largest revenue share in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to growing demand for electric meters from utilities as well as distribution companies. The deployment of smart electricity meters is expected to enhance customer billing accuracy, provide real-time power usage information, reduce energy costs by enabling metering based billing and much more.
The utility sector in developed economies such as U.S., Canada, Germany etc., has been deploying advanced metering infrastructure (AMI) that enables customers to bill their suppliers through a network of thousands of Smart Meters across cities and towns.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in India and China. For instance, in 2015, China Energy Group (CGET) under Ministry of Industry & Information Technology (MIIT) launched a national smart grid program called National Smart Grid Development Plan with an investment of USD X billion by 2020. Similarly, India has planned to implement a smart grid system across all cities by 2018 which will enable efficient use of energy resources and provide better services at lower costs over the long term.
Europe is also expected witness considerable growth due as much demand for meters as there is for replacement batteries within that region owing battery production capacity expansion plans announced by major manufacturers such as SGS SA., Geilo AG Switzerland; Exide Europe BV Netherlands; IBTimes reporting unit MEA).
Growth Factors:
- Increasing demand for smart meters in the global market
- Rising awareness about the benefits of smart meters among consumers
- Favorable government policies and regulations for the deployment of smart meters
- Technological advancements in smart meter batteries that improve performance and efficiency
- Growing demand for renewable energy sources that require storage solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Meter Battery Market Research Report
By Type
Lithium Battery, Zn-MnO2 Battery, Other
By Application
Smart Electricity Meter, Smart Gas Meter, Smart Water Meter
By Companies
Duracell, Hitachi Maxell, EVE Energy, SAFT, GP Batteries, Panasonic, Vitzrocell, Ultralife, HCB Battery Co., Ltd, FDK, Energizer, Tadiran, Varta, EnerSys Ltd
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
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Smart Meter Battery Market Report Segments:
The global Smart Meter Battery market is segmented on the basis of:
Types
Lithium Battery, Zn-MnO2 Battery, Other
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
Smart Electricity Meter, Smart Gas Meter, Smart Water Meter
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:
- Duracell
- Hitachi Maxell
- EVE Energy
- SAFT
- GP Batteries
- Panasonic
- Vitzrocell
- Ultralife
- HCB Battery Co., Ltd
- FDK
- Energizer
- Tadiran
- Varta
- EnerSys Ltd
Highlights of The Smart Meter Battery 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:
- Lithium Battery
- Zn-MnO2 Battery
- Other
- By Application:
- Smart Electricity Meter
- Smart Gas Meter
- Smart Water Meter
- 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 Smart Meter Battery 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
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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 smart meter battery is a small, rechargeable battery that powers the electronics in a smart meter.
Some of the major players in the smart meter battery market are Duracell, Hitachi Maxell, EVE Energy, SAFT, GP Batteries, Panasonic, Vitzrocell, Ultralife, HCB Battery Co., Ltd, FDK, Energizer, Tadiran, Varta, EnerSys Ltd.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Meter Battery 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 Smart Meter Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Meter Battery 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 Smart Meter Battery 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 Smart Meter Battery Market Size & Forecast, 2020-2028
4.5.1 Smart Meter Battery Market Size and Y-o-Y Growth
4.5.2 Smart Meter Battery Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Lithium Battery
5.2.2 Zn-MnO2 Battery
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Smart Electricity Meter
6.2.2 Smart Gas Meter
6.2.3 Smart Water Meter
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Meter Battery 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 Smart Meter Battery 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Lithium Battery
9.6.2 Zn-MnO2 Battery
9.6.3 Other
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 Market Size Forecast by Applications
9.10.1 Smart Electricity Meter
9.10.2 Smart Gas Meter
9.10.3 Smart Water Meter
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Lithium Battery
10.6.2 Zn-MnO2 Battery
10.6.3 Other
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 Market Size Forecast by Applications
10.10.1 Smart Electricity Meter
10.10.2 Smart Gas Meter
10.10.3 Smart Water Meter
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Lithium Battery
11.6.2 Zn-MnO2 Battery
11.6.3 Other
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 Market Size Forecast by Applications
11.10.1 Smart Electricity Meter
11.10.2 Smart Gas Meter
11.10.3 Smart Water Meter
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Lithium Battery
12.6.2 Zn-MnO2 Battery
12.6.3 Other
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 Market Size Forecast by Applications
12.10.1 Smart Electricity Meter
12.10.2 Smart Gas Meter
12.10.3 Smart Water Meter
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Lithium Battery
13.6.2 Zn-MnO2 Battery
13.6.3 Other
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) Market Size Forecast by Applications
13.10.1 Smart Electricity Meter
13.10.2 Smart Gas Meter
13.10.3 Smart Water Meter
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 Smart Meter Battery Market: Competitive Dashboard
14.2 Global Smart Meter Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Duracell
14.3.2 Hitachi Maxell
14.3.3 EVE Energy
14.3.4 SAFT
14.3.5 GP Batteries
14.3.6 Panasonic
14.3.7 Vitzrocell
14.3.8 Ultralife
14.3.9 HCB Battery Co., Ltd
14.3.10 FDK
14.3.11 Energizer
14.3.12 Tadiran
14.3.13 Varta
14.3.14 EnerSys Ltd
