Market Overview:
The global industrial smart meter market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for energy-efficient solutions and the growing need for real-time data analytics in industrial applications. The gas smart meter segment is expected to hold the largest share of the global industrial smart meter market by 2030, owing to its ability to provide accurate readings and reduce wastage of gas. The electricity smart meter segment is projected to grow at a higher CAGR than other segments during the forecast period, as it helps utilities companies save on energy costs and improve grid reliability. Regionally, North America is estimated to account for the largest share of the global industrial smart meter market in 2018, followed by Europe and Asia Pacific.
Product Definition:
The industrial smart meter industry is a growing sector that deals with the production and installation of smart meters for industrial use. The importance of this industry is that it helps to improve the efficiency and productivity of industrial businesses by providing them with accurate, real-time data on their energy usage. This allows businesses to make more informed decisions about how to best use their resources and reduce their energy costs.
Gas:
Gas is a transparent, colorless and odorless substance that occupies the majority of the volume in any given container. It is usually produced as a by-product of oil drilling operations and can be found in natural gas, propane or methane gas. Natural gas has been used for centuries as an energy source across various industries ranging from residential to commercial to industrial applications.
Electricity:
Electricity is the generic term used for all forms of energy. It can be classified as conventional, alternate and renewable. The conventional form of electricity is generated from fossil fuels such as coal, gas and petroleum while the renewable type is produced from sources such as solar power, wind power and hydropower. The alternate form includes electricity generated by micro-hydro turbines or fuel cells which are not dependent on regular hydrocarbon supplies.
Application Insights:
The light industry segment dominated the global industrial smart meter market, accounting for a revenue share of over 40.0% in 2017. The growth can be attributed to the rising demand for energy efficient lighting solutions and growing concerns regarding carbon emissions. Furthermore, increasing penetration of LED lights has resulted in reduced electricity consumption across various industries globally which is expected to drive the product demand further during the forecast period.
Light industry applications include commercial offices, retail stores and malls, hospitals & clinics, educational institutions (K-12), government buildings & public infrastructure (HVAC), airports/airport facilities/aviation services centers and hotels/motels etcetera). Demand from these sectors is driven by factors such as growing HVAC systems installations coupled with an increase in building energy efficiency targets set by regulatory bodies worldwide which are expected to result in increased investments towards equipment replacement or retrofit projects over the next few 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 infrastructure development. For instance, China has planned to spend USD X trillion by 2020 on modernizing its aging energy infrastructure. In addition, India has planned a similar initiative worth USD X trillion for improving its power sector facilities over a period of ten years from 2016 to 2022. Such government initiatives are anticipated to drive demand for industrial smart meters in Asia Pacific region during the forecast period.
Europe is also likely to witness significant growth owing with high penetration of electricity metering systems based on digital technology across all sectors including residential as well as non-residential buildings such as factories and offices etc., which will result into higher adoption rate of industrial smart meters used for monitoring purposes in this region over the next eight years from 2018 till 2030 time span).
Growth Factors:
- Increasing demand from the industrial sector for energy-efficient systems and solutions
- Rising concerns over energy wastage and its impact on environment
- Growing number of government initiatives and regulations to promote the use of smart meters
- Proliferation of IoT technology and increasing demand for connected devices
- Development of innovative features and applications for smart meters
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Smart Meter Industry Market Research Report
By Type
Gas, Electricity, Water
By Application
Light Industry, Heavy Industry
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Smart Meter Industry Market Report Segments:
The global Industrial Smart Meter Industry market is segmented on the basis of:
Types
Gas, Electricity, Water
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
Light Industry, Heavy Industry
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 Industrial Smart Meter Industry 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:
- Gas
- Electricity
- Water
- By Application:
- Light Industry
- Heavy Industry
- 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 Industrial Smart Meter Industry 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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- 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?
Industrial smart meters are a type of meter that can be installed in factories and other industrial settings to track energy use. They can help businesses save money on their energy bills by tracking how much energy is being used and when it was used, helping them to make more informed decisions about how to use resources more efficiently.
Some of the key players operating in the industrial smart meter industry 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 industrial smart meter industry market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Smart Meter Industry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Smart Meter Industry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Smart Meter Industry Market - Supply Chain
4.5. Global Industrial Smart Meter Industry Market Forecast
4.5.1. Industrial Smart Meter Industry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Smart Meter Industry Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Smart Meter Industry Market Absolute $ Opportunity
5. Global Industrial Smart Meter Industry Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Smart Meter Industry Market Size and Volume Forecast by Type
5.3.1. Gas
5.3.2. Electricity
5.3.3. Water
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Smart Meter Industry Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Smart Meter Industry Market Size and Volume Forecast by Application
6.3.1. Light Industry
6.3.2. Heavy Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Smart Meter Industry Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Smart Meter Industry Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Smart Meter Industry Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Smart Meter Industry Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Smart Meter Industry Demand Share Forecast, 2019-2026
9. North America Industrial Smart Meter Industry Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Smart Meter Industry Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Smart Meter Industry Market Size and Volume Forecast by Application
9.4.1. Light Industry
9.4.2. Heavy Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Smart Meter Industry Market Size and Volume Forecast by Type
9.7.1. Gas
9.7.2. Electricity
9.7.3. Water
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Smart Meter Industry Demand Share Forecast, 2019-2026
10. Latin America Industrial Smart Meter Industry Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Smart Meter Industry Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Smart Meter Industry Market Size and Volume Forecast by Application
10.4.1. Light Industry
10.4.2. Heavy Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Smart Meter Industry Market Size and Volume Forecast by Type
10.7.1. Gas
10.7.2. Electricity
10.7.3. Water
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Smart Meter Industry Demand Share Forecast, 2019-2026
11. Europe Industrial Smart Meter Industry Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Smart Meter Industry Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Smart Meter Industry Market Size and Volume Forecast by Application
11.4.1. Light Industry
11.4.2. Heavy Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Smart Meter Industry Market Size and Volume Forecast by Type
11.7.1. Gas
11.7.2. Electricity
11.7.3. Water
11.8. Basis Point Share (BPS) Analyss by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Smart Meter Industry Demand Share, 2019-2026
12. Asia Pacific Industrial Smart Meter Industry Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Smart Meter Industry Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Smart Meter Industry Market Size and Volume Forecast by Application
12.4.1. Light Industry
12.4.2. Heavy Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Smart Meter Industry Market Size and Volume Forecast by Type
12.7.1. Gas
12.7.2. Electricity
12.7.3. Water
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Smart Meter Industry Demand Share, 2019-2026
13. Middle East & Africa Industrial Smart Meter Industry Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Smart Meter Industry Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Smart Meter Industry Market Size and Volume Forecast by Application
13.4.1. Light Industry
13.4.2. Heavy Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Smart Meter Industry Market Size and Volume Forecast by Type
13.7.1. Gas
13.7.2. Electricity
13.7.3. Water
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Smart Meter Industry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Smart Meter Industry Market: Market Share Analysis
14.2. Industrial Smart Meter Industry Distributors and Customers
14.3. Industrial Smart Meter Industry Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Landis+Gyr
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Itron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kamstrup
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Elster Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nuri Telecom
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sagemcom
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Iskraemeco
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ZIV
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sanxing
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Linyang Electronics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wasion Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Haixing Electrical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. XJ Measurement & Control Meter
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Chintim Instruments
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Clou Electronics
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Holley Metering
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. HND Electronics
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Longi
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Banner
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
