Smart Meters Market Size by Application (Commercial Smart Meter, Industrial Smart Meter, Residential Smart Meter), By Type (Smart Water Meters, Smart Gas Meters, Smart Electric Meters), By Technology (Advanced Metering Infrastructure, Automatic Meter Reading), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2021-2026
The global smart meters market size is expected to be around US$ 28 billion by 2025, at a CAGR of 6.5%.
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Major Players
Study period:
Fastest Growing Market:
2018-2025
APAC
Base Year:
Largest Market:
2019
North America
CAGR:
6
REPORT DESCRIPTION
The global smart meters market size is expected to be around US$ 28 billion by 2025, at a CAGR of 6.5%.
This Smart Meter market study offers a complete analysis of the business models, key strategies, and respective market shares of a number of the foremost prominent players during this landscape. Alongside an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered within the full study. This study is one among the foremost comprehensive documentation that captures all the facets of the developing Smart Meter market. On a worldwide scale, many countries face challenges to satisfy the growing demand for energy. Thus, utilities are trying to find innovative and efficient ways to manage generation, transmission and worldwide distribution of energy. Global smart meter market consists of digital electronic devices for measuring and two-way information sharing to manage and control power consumption by customers. Customers even have the advantage of tracking their energy consumption and billing through internet. Global smart meter market demand is more in residential areas as compared to commercial areas and electric smart meter is prominently used among the kinds of smart meters. Environmental concerns for reducing carbon and energy wastage and for regulating supply of energy, are major factors driving global smart meter market. Global smart meter market is anticipated to grow with one-digit compound annual rate of growth during the estimate period. A smart meter is a device that records consumption and communicates the info to the supplier for billing and monitoring purposes. These meters are of two types, namely advanced metering infrastructure and automatic meter reading. Communication from the meter to the network are often wireless or fixed wired connections.
The global Smart Meters market is segregated on the basis of Application as Commercial Smart Meter, Industrial Smart Meter, and Residential Smart Meter. Based on Type the global Smart Meters market is segmented in Smart Water Meters, Smart Gas Meters, and Smart Electric Meters. Based on Technology the global Smart Meters market is segmented in Advanced Metering Infrastructure and Automatic Meter Reading.
The global Smart Meters market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Smart Meters 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
Kamstrup A/S, Wasion Group, Jiangsu Linyang Energy Co., Atmel Corporation, Landis+GYR , Schneider Electric, Siemens AG, Honeywell International, Inc., Itron, Inc., Sensus , and others are among the major players in the global Smart Meters 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 Meters Market has been segmented as below:
Smart Meters Market, By Application
Smart Meters Market, By Type
Smart Meters Market, By Technology
Smart Meters Market, By Region
Smart Meters Market, By Company
The report covers:
Report Scope:
The global Smart Meters 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 Meters market share. Major industry players with significant revenue share include Kamstrup A/S, Wasion Group, Jiangsu Linyang Energy Co., Atmel Corporation, Landis+GYR , Schneider Electric, Siemens AG, Honeywell International, Inc., Itron, Inc., Sensus , and others.
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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 Meters Market, By Application
5.1 Introduction
5.2 Commercial Smart Meter
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Industrial Smart Meter
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Residential Smart Meter
5.4.1 Market Overview
5.4.2 Market Size and Forecast
6. Smart Meters Market, By Type
6.1 Introduction
6.2 Smart Water Meters
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Smart Gas Meters
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Smart Electric Meters
6.4.1 Market Overview
6.4.2 Market Size and Forecast
7. Smart Meters Market, By Technology
7.1 Introduction
7.2 Advanced Metering Infrastructure
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Automatic Meter Reading
7.3.1 Market Overview
7.3.2 Market Size and Forecast
8. Smart Meters Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 North America Smart Meters, By Application
8.2.2 North America Smart Meters, By Type
8.2.3 North America Smart Meters, By Technology
8.3 Europe
8.3.1 Europe Smart Meters, By Application
8.3.2 Europe Smart Meters, By Type
8.3.3 Europe Smart Meters, By Technology
8.4 Asia-Pacific
8.4.1 Asia-Pacific Smart Meters, By Application
8.4.2 Asia-Pacific Smart Meters, By Type
8.4.3 Asia-Pacific Smart Meters, By Technology
8.5 Rest of the World
8.5.1 Rest of the World Smart Meters, By Application
8.5.2 Rest of the World Smart Meters, By Type
8.5.3 Rest of the World Smart Meters, By Technology
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 Kamstrup A/S
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Wasion Group
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 Jiangsu Linyang Energy Co.
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 Atmel Corporation
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 Landis+GYR
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 Siemens AG
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 Honeywell International, Inc.
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 Itron, Inc.
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 Sensus
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
10.11
10.11.1 Company Overview
10.11.2 Product/Service Landscape
10.11.3 Financial Overview
10.11.4 Recent Developments
10.12 EDMI Limited
10.12.1 Company Overview
10.12.2 Product/Service Landscape
10.12.3 Financial Overview
10.12.4 Recent Developments
10.13 Badger Meter, Inc.
10.13.1 Company Overview
10.13.2 Product/Service Landscape
10.13.3 Financial Overview
10.13.4 Recent Developments
10.14 Holley Metering, Limited
10.14.1 Company Overview
10.14.2 Product/Service Landscape
10.14.3 Financial Overview
10.14.4 Recent Developments
10.15 ICSA, Limited
10.15.1 Company Overview
10.15.2 Product/Service Landscape
10.15.3 Financial Overview
10.15.4 Recent Developments
10.16 Aclara Technologies, LLC.
10.16.1 Company Overview
10.16.2 Product/Service Landscape
10.16.3 Financial Overview
10.16.4 Recent Developments
The Smart Meters Market has been segmented as below:
Smart Meters Market, By Application
Smart Meters Market, By Type
Smart Meters Market, By Technology
Smart Meters Market, By Region
Smart Meters Market, By Company
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