Market Overview:
The global smart meter MCU chip market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient solutions and the growing need for advanced metering infrastructure (AMI) across the globe. In addition, factors such as the rising adoption of smart meters by utilities and consumers, and technological advancements are also contributing to the growth of this market. On the basis of type, IC card meter is expected to hold a major share in this market during the forecast period. This can be attributed to its advantages such as low installation cost, easy upgradability, and compatibility with existing systems.
Product Definition:
A smart meter MCU chip is a microcontroller unit that is used in smart meters. The chip is responsible for collecting and transmitting data from the meter to a central system, as well as controlling the various functions of the meter. The chip's importance lies in its ability to ensure accurate and timely data collection, which helps utility companies better manage energy resources.
IC Card Meter:
The IC card meter is a device that measures the flow of water in cities, towns and other places. It is used to measure the volume of water consumed by households and industries. The smart meter central unit (MCU) chip acts as an interface between the utility company and customer’s meters, which are connected through radio frequency identification technology (RFID). This technology helps customers track their usage with ease.
Smart Meter:
A smart meter is an electronic device that measures and records the electricity used by a customer in a particular area. It is also known as an energy meter, electric meter, or power meter. Smart meters are capable of storing data and allowing real-time analysis to be performed on the fly. They can also send alerts if there are any abnormalities in the readings recorded by them.
Application Insights:
The industrial segment dominated the global smart meter MCU chip market in terms of revenue share in 2017. The growth can be attributed to the growing demand for energy and power management from various industrial applications such as HVAC, lighting, process control, etc. Furthermore, increasing investments by industry players for research & development activities pertaining to metering and billing is further expected to drive the segment growth over the forecast period.
The residential application segment is expected to witness significant growth over the forecast period owing to rising demand for smart meters among electric utilities and distribution companies (DCDs) customers on a voluntary basis as part of decarbonization efforts.
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 smart meters in countries such as Japan, China, and India. For instance, according to a December 2017 article published by The Energy Information Administration (EIA), approximately 13 million smart meters have been installed in homes and businesses across California since 2013 under a program managed by Eversource Energy. In addition, growing adoption of IoT technology coupled with rising demand for real-time data from consumers will drive regional market growth over the next eight years.
The European region accounted for more than 20% share of global revenue in 2017 owing to early adoption of digital electricity generation and consumption management systems across several industries including commercial offices buildings (CBOs), residential buildings (Houses), power plants/utility facilities).
Growth Factors:
- Increasing demand for smart meters in the global market
- Rising need for energy conservation and management
- Proliferation of smart grid infrastructure globally
- Growing awareness about the benefits of smart meters among consumers
- Technological advancements in meter reading and communication technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Meter MCU Chip Market Research Report
By Type
IC Card Meter, Smart Meter
By Application
Industrial, Residential, Commercial
By Companies
Shanghai Fudan Microelectronics, HiTrend Technology, OKI, Renesas Electronics, NXP, Microchip
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Smart Meter MCU Chip Market Report Segments:
The global Smart Meter MCU Chip market is segmented on the basis of:
Types
IC Card Meter, 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
Industrial, Residential, Commercial
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:
- Shanghai Fudan Microelectronics
- HiTrend Technology
- OKI
- Renesas Electronics
- NXP
- Microchip
Highlights of The Smart Meter MCU Chip 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 Meter
- Smart Meter
- By Application:
- Industrial
- Residential
- Commercial
- 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 MCU Chip 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
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- 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 chip is a microcontroller unit (MCU) that controls the functions of a smart meter. It communicates with the utility company to receive and transmit data about energy use.
Some of the key players operating in the smart meter mcu chip market are Shanghai Fudan Microelectronics, HiTrend Technology, OKI, Renesas Electronics, NXP, Microchip.
The smart meter mcu chip market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Meter MCU Chip 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 MCU Chip Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Meter MCU Chip 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 MCU Chip 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 MCU Chip Market Size & Forecast, 2018-2028
4.5.1 Smart Meter MCU Chip Market Size and Y-o-Y Growth
4.5.2 Smart Meter MCU Chip Market Absolute $ Opportunity
Chapter 5 Global Smart Meter MCU Chip 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 Smart Meter MCU Chip Market Size Forecast by Type
5.2.1 IC Card Meter
5.2.2 Smart Meter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Meter MCU Chip 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 Smart Meter MCU Chip Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Residential
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Meter MCU Chip 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 MCU Chip 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 Smart Meter MCU Chip Analysis and Forecast
9.1 Introduction
9.2 North America Smart Meter MCU Chip 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 Smart Meter MCU Chip Market Size Forecast by Type
9.6.1 IC Card Meter
9.6.2 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 Smart Meter MCU Chip Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Residential
9.10.3 Commercial
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 Smart Meter MCU Chip Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Meter MCU Chip 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 Smart Meter MCU Chip Market Size Forecast by Type
10.6.1 IC Card Meter
10.6.2 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 Smart Meter MCU Chip Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Residential
10.10.3 Commercial
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 Smart Meter MCU Chip Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Meter MCU Chip 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 Smart Meter MCU Chip Market Size Forecast by Type
11.6.1 IC Card Meter
11.6.2 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 Smart Meter MCU Chip Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Residential
11.10.3 Commercial
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 Smart Meter MCU Chip Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Meter MCU Chip 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 Smart Meter MCU Chip Market Size Forecast by Type
12.6.1 IC Card Meter
12.6.2 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 Smart Meter MCU Chip Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Residential
12.10.3 Commercial
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) Smart Meter MCU Chip Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Meter MCU Chip 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) Smart Meter MCU Chip Market Size Forecast by Type
13.6.1 IC Card Meter
13.6.2 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) Smart Meter MCU Chip Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Residential
13.10.3 Commercial
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 MCU Chip Market: Competitive Dashboard
14.2 Global Smart Meter MCU Chip Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shanghai Fudan Microelectronics
14.3.2 HiTrend Technology
14.3.3 OKI
14.3.4 Renesas Electronics
14.3.5 NXP
14.3.6 Microchip
