The global smart meter market is expected to grow at a CAGR of around 8.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for energy efficiency and rising awareness about the benefits of smart meters. The residential application segment accounted for the largest share in 2018, followed by commercial application and industrial application segments. North America was the leading region in terms of revenue in 2018, followed by Europe and Asia Pacific.
Some Of The Growth Factors Of This Market:
- Smart meters are a cost-effective way to reduce energy consumption and save money on utility bills.
- Smart meters can help consumers monitor their energy usage in real time, which can lead to more efficient use of electricity and gas.
- The smart meter market is expected to grow as the number of homes with smart meters increases, which will lead to increased demand for the devices from utilities and other companies that provide services related to them.
- The growth of the smart meter market is also driven by government regulations that require utilities to install them in all new homes built after 2020, as well as existing homes that have not yet been upgraded with a smart meter by 2020 or 2021 depending on state regulations.
- Utilities are also installing more advanced versions of these devices called "advanced metering infrastructure" (AMI) meters, which allow for remote monitoring and control over power usage.
Industry Growth Insights published a new data on “Smart Meter Market”. The research report is titled “Smart Meter Market research by Types (Single-phase smart meter, Three-phase smart meter), By Applications (Residential application, Commercial application, Industrial application), By Players/Companies Landis+Gyr, Itron, GE Digital Energy, Siemens, Kamstrup, Sensus, Elster Group, Silver Spring Networks, Aclara, Nuri Telecom, Sagemcom, Trilliant, Iskraemeco, Echelon, Tantalus Systems, ZIV, Sanxing, Linyang Electronics, Wasion Group, Haixing Electrical, Techrise Electronics, Chintim Instruments, XJ Measurement & Control Meter, Clou Electronics, HND Electronics, Longi, Hengye Electronics, Holey Metering, Wellsun Electric Meter, Sunrise, Xiou International Group, Pax Electronic Technology, Huayi Electronics, Changyi Group, Gaoke, Shenzhen Kaifa Technology, Risesun Group, Banner, Bada Instruments, Jinling Intelligent Electric Meter”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Meter Market Research Report
By Type
Single-phase smart meter, Three-phase smart meter
By Application
Residential application, Commercial application, Industrial application
By Companies
Landis+Gyr, Itron, GE Digital Energy, Siemens, Kamstrup, Sensus, Elster Group, Silver Spring Networks, Aclara, Nuri Telecom, Sagemcom, Trilliant, Iskraemeco, Echelon, Tantalus Systems, ZIV, Sanxing, Linyang Electronics, Wasion Group, Haixing Electrical, Techrise Electronics, Chintim Instruments, XJ Measurement & Control Meter, Clou Electronics, HND Electronics, Longi, Hengye Electronics, Holey Metering, Wellsun Electric Meter, Sunrise, Xiou International Group, Pax Electronic Technology, Huayi Electronics, Changyi Group, Gaoke, Shenzhen Kaifa Technology, Risesun Group, Banner, Bada Instruments, Jinling Intelligent Electric Meter
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Smart Meter Market Report Segments:
The global Smart Meter market is segmented on the basis of:
Types
Single-phase smart meter, Three-phase 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
Residential application, Commercial application, Industrial application
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
- GE Digital Energy
- Siemens
- Kamstrup
- Sensus
- Elster Group
- Silver Spring Networks
- Aclara
- Nuri Telecom
- Sagemcom
- Trilliant
- Iskraemeco
- Echelon
- Tantalus Systems
- ZIV
- Sanxing
- Linyang Electronics
- Wasion Group
- Haixing Electrical
- Techrise Electronics
- Chintim Instruments
- XJ Measurement & Control Meter
- Clou Electronics
- HND Electronics
- Longi
- Hengye Electronics
- Holey Metering
- Wellsun Electric Meter
- Sunrise
- Xiou International Group
- Pax Electronic Technology
- Huayi Electronics
- Changyi Group
- Gaoke
- Shenzhen Kaifa Technology
- Risesun Group
- Banner
- Bada Instruments
- Jinling Intelligent Electric Meter
Highlights of The Smart Meter 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:
- Single-phase smart meter
- Three-phase smart meter
- By Application:
- Residential application
- Commercial application
- Industrial application
- 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 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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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 is a type of electronic device that measures and records energy use in homes. It can also transmit this information to utilities or other providers.
Some of the major players in the smart meter market are Landis+Gyr, Itron, GE Digital Energy, Siemens, Kamstrup, Sensus, Elster Group, Silver Spring Networks, Aclara, Nuri Telecom, Sagemcom, Trilliant, Iskraemeco, Echelon, Tantalus Systems, ZIV, Sanxing, Linyang Electronics, Wasion Group, Haixing Electrical, Techrise Electronics, Chintim Instruments, XJ Measurement & Control Meter, Clou Electronics, HND Electronics, Longi, Hengye Electronics, Holey Metering, Wellsun Electric Meter, Sunrise, Xiou International Group, Pax Electronic Technology, Huayi Electronics, Changyi Group, Gaoke, Shenzhen Kaifa Technology, Risesun Group, Banner, Bada Instruments, Jinling Intelligent Electric Meter.
The smart meter market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Meter 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. Smart Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Meter Market - Supply Chain
4.5. Global Smart Meter Market Forecast
4.5.1. Smart Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Meter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Meter Market Absolute $ Opportunity
5. Global Smart Meter 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. Smart Meter Market Size and Volume Forecast by Type
5.3.1. Single-phase smart meter
5.3.2. Three-phase smart meter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Meter 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. Smart Meter Market Size and Volume Forecast by Application
6.3.1. Residential application
6.3.2. Commercial application
6.3.3. Industrial application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Meter 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. Smart Meter 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 Smart Meter 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. Smart Meter 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 Smart Meter Demand Share Forecast, 2019-2026
9. North America Smart Meter 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 Smart Meter 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 Smart Meter Market Size and Volume Forecast by Application
9.4.1. Residential application
9.4.2. Commercial application
9.4.3. Industrial application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Meter Market Size and Volume Forecast by Type
9.7.1. Single-phase smart meter
9.7.2. Three-phase smart meter
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 Smart Meter Demand Share Forecast, 2019-2026
10. Latin America Smart Meter 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 Smart Meter 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 Smart Meter Market Size and Volume Forecast by Application
10.4.1. Residential application
10.4.2. Commercial application
10.4.3. Industrial application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Meter Market Size and Volume Forecast by Type
10.7.1. Single-phase smart meter
10.7.2. Three-phase smart meter
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 Smart Meter Demand Share Forecast, 2019-2026
11. Europe Smart Meter 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 Smart Meter 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 Smart Meter Market Size and Volume Forecast by Application
11.4.1. Residential application
11.4.2. Commercial application
11.4.3. Industrial application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Meter Market Size and Volume Forecast by Type
11.7.1. Single-phase smart meter
11.7.2. Three-phase smart meter
11.8. Basis Point Share (BPS) Analysis 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 Smart Meter Demand Share, 2019-2026
12. Asia Pacific Smart Meter 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 Smart Meter 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 Smart Meter Market Size and Volume Forecast by Application
12.4.1. Residential application
12.4.2. Commercial application
12.4.3. Industrial application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Meter Market Size and Volume Forecast by Type
12.7.1. Single-phase smart meter
12.7.2. Three-phase smart meter
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 Smart Meter Demand Share, 2019-2026
13. Middle East & Africa Smart Meter 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 Smart Meter 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 Smart Meter Market Size and Volume Forecast by Application
13.4.1. Residential application
13.4.2. Commercial application
13.4.3. Industrial application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Meter Market Size and Volume Forecast by Type
13.7.1. Single-phase smart meter
13.7.2. Three-phase smart meter
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 Smart Meter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Meter Market: Market Share Analysis
14.2. Smart Meter Distributors and Customers
14.3. Smart Meter 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. GE Digital Energy
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kamstrup
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sensus
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Elster Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Silver Spring Networks
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aclara
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nuri Telecom
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sagemcom
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Trilliant
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Iskraemeco
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Echelon
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tantalus Systems
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. ZIV
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sanxing
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Linyang 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. Wasion Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Haixing Electrical
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
