Market Overview:
The global smart metering systems market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient solutions and the need for advanced metering infrastructure (AMI) across various applications. In terms of type, the smart water meter systems segment is expected to hold the largest share of the global market during the forecast period. This can be attributed to factors such as rising water scarcity and concerns over wastage of water, which are driving investments in smart water meter systems globally. In terms of application, residential segment is expected to account for a larger share of the global market during 2018-2030 owing to government initiatives such as “Smart Cities” that focus on deploying advanced technologies for efficient management.
Product Definition:
Smart metering systems are a type of meter that can provide two-way communication between the utility and the customer. This type of meter is important because it allows for more accurate readings, which in turn helps utilities to better manage their resources. Additionally, smart meters can help customers better understand their energy usage and identify opportunities for saving energy.
Smart Water Meter Systems:
Smart water meter systems are a new type of metering system that measures the volume of water or other liquids and is used to evaluate the usage of various resources. These meters can be connected to an information system, which enables users to view real-time data on screen regarding usage and cost. The smart meter acts as a portal through which service providers connect with consumers for billing purposes as well as for receiving feedbacks about the quality of services offered by them.
Smart Electric Meter Systems:
Smart electric meter systems are a network of electronic devices that measure electricity and communicate the information to the utility companies. The system consists of an energy management device, which is connected to the electrical service provider through wireless technology such as Wi-Fi or Bluetooth. It also has a smartphone app for consumers to view real-time usage data and make changes if necessary.
Application Insights:
The utility segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for energy from growing urban population coupled with favorable government policies. For instance, Germany¢â‚¬â„¢s nationwide smart metering program known as ¢â‚¬Å“KWNet¢â‚¬ has enabled residential consumers to bill and receive payment for electricity through mobile phones, computers and tablets. Such initiatives are expected to boost industry growth over the coming years.
The commercial segment is anticipated register a significant CAGR of XX% during the same period owing to rising demand from large scale industrial facilities along with healthcare institutions, educational buildings, hotels and restaurants along with public places such as shopping malls & complexes., Furthermore, growing emphasis on reducing electricity costs by minimizing wastage is expected drive industry growth over the coming years.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government initiatives and investments in infrastructure development. For instance, in India, the government has planned for total electrification by 2019 and its target of covering all rural areas by 2018 with electricity connection. This will help reduce peak demand on distribution lines and provide a better grid management experience to end users.
Growth Factors:
- Increasing demand for energy efficiency and conservation
- Rapid urbanization and industrialization in developing countries
- Stringent government regulations for energy management and conservation
- Rising concerns over climate change and its impact on the environment
- Technological advancements in smart metering systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Metering Systems Market Research Report
By Type
Smart Water Meter Systems, Smart Electric Meter Systems, Smart Gas Meter Systems
By Application
Residential, Commercial, Utility
By Companies
Itron, Siemens, Landis+Gyr, Schneider Electric SE, Circutor SA, Iskraemeco, Honeywell Elster, Osaki, Badger Meter, Neptune Technology Group, Sensus, Aclara Technologies LLC, ICSA (India), Holley Technology
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Smart Metering Systems Market Report Segments:
The global Smart Metering Systems market is segmented on the basis of:
Types
Smart Water Meter Systems, Smart Electric Meter Systems, Smart Gas Meter Systems
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, Commercial, Utility
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:
- Itron
- Siemens
- Landis+Gyr
- Schneider Electric SE
- Circutor SA
- Iskraemeco
- Honeywell Elster
- Osaki
- Badger Meter
- Neptune Technology Group
- Sensus
- Aclara Technologies LLC
- ICSA (India)
- Holley Technology
Highlights of The Smart Metering Systems 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:
- Smart Water Meter Systems
- Smart Electric Meter Systems
- Smart Gas Meter Systems
- By Application:
- Residential
- Commercial
- Utility
- 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 Metering Systems 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
- Identifying Appropriate Advertising Appeals
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?
Smart metering systems (SMS) are a type of energy management system that uses sensors to measure energy use in buildings and sends alerts or notifications to users about potential savings. SMS can also help manage peak demand by adjusting the power usage of devices in real time.
Some of the key players operating in the smart metering systems market are Itron, Siemens, Landis+Gyr, Schneider Electric SE, Circutor SA, Iskraemeco, Honeywell Elster, Osaki, Badger Meter, Neptune Technology Group, Sensus, Aclara Technologies LLC, ICSA (India), Holley Technology.
The smart metering systems market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Metering Systems 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 Metering Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Metering Systems 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 Metering Systems 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 Metering Systems Market Size & Forecast, 2020-2028
4.5.1 Smart Metering Systems Market Size and Y-o-Y Growth
4.5.2 Smart Metering Systems 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 Smart Water Meter Systems
5.2.2 Smart Electric Meter Systems
5.2.3 Smart Gas Meter Systems
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 Residential
6.2.2 Commercial
6.2.3 Utility
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Metering Systems 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 Metering Systems 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 Smart Water Meter Systems
9.6.2 Smart Electric Meter Systems
9.6.3 Smart Gas Meter Systems
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 Residential
9.10.2 Commercial
9.10.3 Utility
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 Smart Water Meter Systems
10.6.2 Smart Electric Meter Systems
10.6.3 Smart Gas Meter Systems
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 Residential
10.10.2 Commercial
10.10.3 Utility
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 Smart Water Meter Systems
11.6.2 Smart Electric Meter Systems
11.6.3 Smart Gas Meter Systems
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 Residential
11.10.2 Commercial
11.10.3 Utility
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 Smart Water Meter Systems
12.6.2 Smart Electric Meter Systems
12.6.3 Smart Gas Meter Systems
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 Residential
12.10.2 Commercial
12.10.3 Utility
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 Smart Water Meter Systems
13.6.2 Smart Electric Meter Systems
13.6.3 Smart Gas Meter Systems
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 Residential
13.10.2 Commercial
13.10.3 Utility
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 Metering Systems Market: Competitive Dashboard
14.2 Global Smart Metering Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Itron
14.3.2 Siemens
14.3.3 Landis+Gyr
14.3.4 Schneider Electric SE
14.3.5 Circutor SA
14.3.6 Iskraemeco
14.3.7 Honeywell Elster
14.3.8 Osaki
14.3.9 Badger Meter
14.3.10 Neptune Technology Group
14.3.11 Sensus
14.3.12 Aclara Technologies LLC
14.3.13 ICSA (India)
14.3.14 Holley Technology
