Market Overview:
The global smart meters chipset 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 smart electricity, gas, and water meters across the globe. In addition, the growing need for energy conservation and rising awareness about benefits of using smart meters are also contributing to the growth of this market. Based on type, the global smart meters chipset market is segmented into lithium battery-based chipsets and zinc-manganese dioxide (Zn-MnO2) battery-based chipsets. The lithium battery-based chipset segment is expected to account for a larger share of this market in 2018 owing to its high efficiency and longer life span as compared with Zn-MnO2 battery-based chipsets. Based on application, the global Smart Meters Chipset Market is segmented intosmart electricity meter,smart gas meter,andsmart water meter.
Product Definition:
A Smart Meter chipset is a microcontroller that helps to manage the communication between smart meters and utility companies. The chipset is important because it enables two-way communication between the meter and the utility company, which allows for real-time data collection and energy usage analysis.
Lithium Battery:
Lithium battery is a rechargeable battery, made from three parts: anode, cathode and electrolyte. The anode is the positive terminal and it's usually made of lithium metal or lithium alloy. The cathode is the negative terminal and it's usually made of graphite or carbon. The electrolyte is a solution that allows electron movement between the two terminals via chemical reactions.
Zn-MnO2 Battery:
Zn-MnO2 battery is a rechargeable zinc manganese dioxide battery used in smart meters chipset. It has the ability to retain its charge for a longer period and can be recycled multiple times, which makes it an eco-friendly option as compared to other batteries such as lithium ion or lead acid batteries. Zn-MnO2 battery offers higher energy density than most of the commercial lithium batteries and also provides safety against thermal hazards due to overheating.
Application Insights:
The market is segmented by application into smart electricity meter, smart gas meter, smart water meter and others. The other applications include temperature monitoring devices and wireless communication devices. Smart electricity meters are considered as the most advanced form of metering equipment owing to their ability to automate billing as well as collect real-time data on energy usage for regulatory compliance purposes.
The growing demand for renewable sources such as wind power has led to an increase in the number of installations across the globe; this is expected to fuel product demand over the forecast period. In addition, a rise in awareness regarding energy conservation among consumers is anticipated to augment industry growth over the coming years.
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 developing smart grid infrastructure. For instance, China has planned to spend USD X billion by 2020 on its smart grid program. Moreover, Japan has started a project named “Smart City†initiative that includes installation of intelligent electricity meters in every house by 2020 and water meters by 2025. Such government initiatives are anticipated to boost demand for global smart meters chipset market during the forecast period.
North America region accounted for more than 25% of total revenue share in 2017 owing to early adoption of advanced technologies across various industries including energy & power, transportation & logistics, healthcare among others (i). Early adoption coupled with high awareness levels regarding benefits associated with digitalization is likely to propel demand over next eight years (ii).
Growth Factors:
- Increasing demand for smart meters in developed countries
- Rising awareness about the benefits of smart meters
- Favorable government policies and regulations for the deployment of smart meters
- Growing demand from utility companies for advanced metering infrastructure (AMI) solutions
- Technological advancements in meter chipset design and manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Meters Chipset 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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Smart Meters Chipset Market Report Segments:
The global Smart Meters Chipset 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 Meters Chipset 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 Meters Chipset 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
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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?
Smart Meters Chipset is a chipset that enables the communication between smart meters and utility networks.
Some of the major companies in the smart meters chipset market are Duracell, Hitachi Maxell, EVE Energy, SAFT, GP Batteries, Panasonic, Vitzrocell, Ultralife, HCB Battery Co., Ltd, FDK, Energizer, Tadiran, Varta, EnerSys Ltd.
The smart meters chipset 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 Meters Chipset 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 Meters Chipset Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Meters Chipset 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 Meters Chipset 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 Meters Chipset Market Size & Forecast, 2020-2028
4.5.1 Smart Meters Chipset Market Size and Y-o-Y Growth
4.5.2 Smart Meters Chipset 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 Meters Chipset 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 Meters Chipset 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 Meters Chipset Market: Competitive Dashboard
14.2 Global Smart Meters Chipset 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
