Report Id: SESEMM0620
Smart Electric Meter Market Size by Communication Technology Type (Radio Frequency, Cellular, Power Line Communication), By End-User (Commercial, Industrial, Residential), By Phase (Three Phase, Single Phase), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2022-2027
The Smart Electric Meter Market is expected to be around US$ 12.7 billion by 2027 at a CAGR of 4.10%.
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Major Players
- Jiangsu Linyang
- Holley Metering
- Genus Power Infrastructure
- Networked Energy Services
- Benchmarking
Study period:
Fastest Growing Market:
2022-2027
APAC
Base Year:
Largest Market:
2021
North America
CAGR:
4
REPORT DESCRIPTION
The Smart Electric Meter Market is expected to be around US$ 12.7 billion by 2027 at a CAGR of 4.10%.
Increasing electricity demand from commercial and residential division combined with fast progress across developing economies will adoptive the smart electric meter market development. Capability to offer high billing accuracy, flexible energy tariffs, and wireless communication are some of the important features that will positively impact the product demand. In adding, introduction of favorable regulatory policies toward growth of existing grid infrastructure will further favor the industry development. Severe government regulations to minimize carbon releases along with rising public awareness toward consumption monitoring will drive the smart meters market revenue. Additionally, shifting trends toward adoption of energy efficient technologies coupled with growing investments in digitalization of the electrical systems will positively influence the business outlook. Increasing demand for accurate billing together with efforts towards energy conservation has inflamed the global smart electric meter market. The rapid development of electricity network along with increasing investment in smart grid has further completed the business landscape for Smart electric meter market. With smart electric meters, utility firms can expand their revenue collection through accuracy in billing. The demand of Smart Electric Meter in applications of distribution, automation and Renewable Energy integration has been a recent trend in the Smart Electric Meter Market. An upcoming project on electric fuel for cars will further rise the demand of smart electric meters in the market.
The global Smart Electric Meter market is segregated on the basis of Communication Technology Type as Radio Frequency, Cellular, and Power Line Communication. Based on End-User the global Smart Electric Meter market is segmented in Commercial, Industrial, and Residential. Based on Phase the global Smart Electric Meter market is segmented in Three Phase and Single Phase.
The global Smart Electric Meter market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Electric Meter market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Jiangsu Linyang, Siemens, Genus Power Infrastructure, Networked Energy Services, Holley Metering, Benchmarking, Landis+Gyr , Itron, Honeywell, Aclara, and others are among the major players in the global Smart Electric Meter market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Smart Electric Meter Market has been segmented as below:
Smart Electric Meter Market, By Communication Technology Type
- Radio Frequency
- Cellular
- Power Line Communication
Smart Electric Meter Market, By End-User
- Commercial
- Industrial
- Residential
Smart Electric Meter Market, By Phase
- Three Phase
- Single Phase
Smart Electric Meter Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Smart Electric Meter Market, By Company
- Jiangsu Linyang
- Siemens
- Genus Power Infrastructure
- Networked Energy Services
- Holley Metering
- Benchmarking
- Landis+Gyr
- Itron
- Honeywell
- Aclara
The report covers:
- Global Smart Electric Meter market sizes from 2018 to 2027, along with CAGR for 2022-2027
- Market size comparison for 2020 vs 2027, with actual data for 2021, estimates for 2022 and forecast from 2022 to 2027
- Global Smart Electric Meter market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Smart Electric Meter market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global Smart Electric Meter market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Smart Electric Meter market share. Major industry players with significant revenue share include Jiangsu Linyang, Siemens, Genus Power Infrastructure, Networked Energy Services, Holley Metering, Benchmarking, Landis+Gyr, Itron, Honeywell, Aclara, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Smart Electric Meter industry trends
- Find complete analysis on the market status
- Identify the Smart Electric Meter market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Some of the recent developments in Smart Electric Meter Market are as follows:
Itron
- 05-2020: Itron, Inc has declared a collaboration with EDMI Limited, a global smart metering solutions leader, to develop and launch a SMETS2-compliant gas meter for the United Kingdom.
- 06-2020: Itron, Inc has declared its intent to partner with Accell as Itron’s regional partner and lead distributor for the Latin America region.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5. Smart Electric Meter Market, By Communication Technology Type
5.1 Introduction
5.2 Radio Frequency
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Cellular
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Power Line Communication
5.4.1 Market Overview
5.4.2 Market Size and Forecast
6. Smart Electric Meter Market, By End-Users
6.1 Introduction
6.2 Commercial
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Residential
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Industrial
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7. Smart Electric Meter Market, By Phase
7.1 Introduction
7.2 Three
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Single
7.3.1 Market Overview
7.3.2 Market Size and Forecast
8. Smart Electric Meter Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 North America Smart Electric Meter, By Communication Technology Type
8.2.2 North America Smart Electric Meter, By End-Users
8.2.3 North America Smart Electric Meter, By Phase
8.3 Europe
8.3.1 Europe Smart Electric Meter, By Communication Technology Type
8.3.2 Europe Smart Electric Meter, By End-Users
8.3.3 Europe Smart Electric Meter, By Phase
8.4 Asia-Pacific
8.4.1 Asia-Pacific Smart Electric Meter, By Communication Technology Type
8.4.2 Asia-Pacific Smart Electric Meter, By End-Users
8.4.3 Asia-Pacific Smart Electric Meter, By Phase
8.5 Rest of the World
8.5.1 Rest of the World Smart Electric Meter, By Communication Technology Type
8.5.2 Rest of the World Smart Electric Meter, By End-Users
8.5.3 Rest of the World Smart Electric Meter, By Phase
9. Competitive Insights
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
10. Company Profiles
10.1 Holley Metering
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Networked Energy Services
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 Genus Power Infrastructure
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 Siemens
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 Jiangsu Linyang
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 Schneider Electric
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 Wasion Group
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 Iskraemeco
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 Microchip Technology
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 Aclara
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
10.11 Honeywell
10.11.1 Company Overview
10.11.2 Product/Service Landscape
10.11.3 Financial Overview
10.11.4 Recent Developments
10.12 Itron
10.12.1 Company Overview
10.12.2 Product/Service Landscape
10.12.3 Financial Overview
10.12.4 Recent Developments
10.13 Landis+Gyr
10.13.1 Company Overview
10.13.2 Product/Service Landscape
10.13.3 Financial Overview
10.13.4 Recent Developments
10.14 Benchmarking
10.14.1 Company Overview
10.14.2 Product/Service Landscape
10.14.3 Financial Overview
10.14.4 Recent Developments
The Smart Electric Meter Market has been segmented as below:
Smart Electric Meter Market, By Communication Technology Type
- Radio Frequency
- Cellular
- Power Line Communication
Smart Electric Meter Market, By End-User
- Commercial
- Industrial
- Residential
Smart Electric Meter Market, By Phase
- Three Phase
- Single Phase
Smart Electric Meter Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Smart Electric Meter Market, By Company
- Jiangsu Linyang
- Siemens
- Genus Power Infrastructure
- Networked Energy Services
- Holley Metering
- Benchmarking
- Landis+Gyr
- Itron
- Honeywell
- Aclara
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Smart Electric Meter Market?
The market is expected to grow at a CAGR of 4.10% during the study period (2022-2027)
How big is the Smart Electric Meter Market value?
The Smart Electric Meter Market is expected to be around US$ 12.7 billion by 2027
What is the segment’s covered for the Smart Electric Meter Market?
The segment included in Smart Electric Meter Market is Communication Technology Type, End-User, Phase, Company and region.
Who are the major key vendors in the Smart Electric Meter Market?
Some key players operating in the Smart Electric Meter Market include Jiangsu Linyang, Siemens, Genus Power Infrastructure, Networked Energy Services, Holley Metering, Benchmarking, Landis+Gyr , Itron, Honeywell
What are the different forms of the report available?
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