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Smart Electricity Meter Market

Smart Electricity Meter - Global Market Outlook (2019-2027)

4.4 (60 reviews)
Published: June 2020 ID: SMRC19384
4.4 (60 reviews)
Published: June 2020 ID: SMRC19384

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Smart Electricity Meter Market is accounted for $10.22 billion in 2019 and is expected to reach $16.53 billion by 2027 growing at a CAGR of 6.2% during the forecast period. Some of the key factors propelling the market growth include increased need for efficient data monitoring systems coupled with favorable government policies for smart meter rollout, improved cost savings, and increasing emphasis on renewable energy sources globally. However, high initial investment and delay in smart meter rollout projects are likely to hamper the market.

Smart electricity meter is a next generation technology that measures electricity consumption of a home or a building. It is an internet capable device, which not only records daily consumption of energy but also helps in managing energy distribution and provides two-way communication between the building and utility infrastructure. Smart electricity meters simplify the inline communication of electricity suppliers with consumer’s electricity meters eradicating the manual involvement in meter readings. These meters also help the customer in selecting tariff plans made to fit their energy consumption.

By end user, the residential segment is anticipated to grow at the significant rate during the forecast period, due to the widespread use of sophisticated electrical, electronic, and data equipment and growing importance of power management solutions. The installation of smart electric meters in residential places would help in reducing the dependence on fossil fuels, as the smart electric meters can assist the consumers to monitor, regularize, and reduce their consumptions from the grid, and generators, and further integrate their consumptions from renewable energy sources such as solar installations. 

On the basis of geography, Asia Pacific is expected to be the significant smart electric meter market during the forecast period. It is the most-populated region in the world and consequently witnesses a high demand for electricity. The rise in investments in smart grid technologies and smart cities, the increase in the number of data centers, and a surge in IT hubs and commercial institutions drive the smart electric meter market in the region. China is the largest country in APAC, owing to the large-scale rollout plans; the country accounted for the highest installed generation and distribution capacity in the Asia Pacific region, resulting in an increased demand for smart electric meters.

Some of the key players in smart electricity meter market include Siemens AG, Silver Spring Networks Inc., ABB, Schneider Electric, Jiangsu Linyang, Honeywell, Aclara, Microchip Technology, Benchmarking, Landis+Gyr (Toshiba Corporation), Networked Energy Services, Holley Metering, Genus Power Infrastructure, General Electric, Wasion Group, Elster Group GmbH, Itron Inc., Sensus USA Inc, Echelon Corp., and Hexing Electric Company Ltd.

Communication Technologies Covered:
• Auto Meter Reading
• Advanced Metering Infrastructure

Phases Covered:
• GISM (Single Phase)
• GIST (Three Phase)
• GISS (Heavy Consumers)

Types Covered:
• Gas
• Electric
• Water

End Users Covered:
• Commercial
• Utility
• Government
• Residential
• Industrial

Components Covered:
• Software
• Hardware

Distribution Channels Covered:
• Offline
• Online

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary  
   
2 Preface  

 2.1 Abstract 
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology 
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
   
3 Market Trend Analysis  
 3.1 Introduction 
 3.2 Drivers 
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats 
 3.6 Technology Analysis 
 3.7 End User Analysis 
 3.8 Emerging Markets 
 3.9 Impact of Covid-19 
   
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry 
   
5 Global Smart Electricity Meter Market, By Communication Technology  
 5.1 Introduction 
 5.2 Auto Meter Reading 
 5.3 Advanced Metering Infrastructure 
  5.3.1 Radio Frequency (RF)
  5.3.2 Cellular
  5.3.3 Power Line Communication (PLC)
   
6 Global Smart Electricity Meter Market, By Phase  
 6.1 Introduction 
 6.2 GISM (Single Phase) 
 6.3 GIST (Three Phase) 
 6.4 GISS (Heavy Consumers) 
   
7 Global Smart Electricity Meter Market, By Type  
 7.1 Introduction 
 7.2 Gas 
 7.3 Electric 
 7.4 Water 
   
8 Global Smart Electricity Meter Market, By End User  
 8.1 Introduction 
 8.2 Commercial 
  8.2.1 Healthcare
  8.2.2 Education
  8.2.3 Logistics & Transportation
  8.2.4 Retail
  8.2.5 Hospitality
  8.2.6 Offices
 8.3 Utility 
 8.4 Government 
 8.5 Residential 
  8.5.1 Multi Family
  8.5.2 Single Family
 8.6 Industrial 
   
9 Global Smart Electricity Meter Market, By Component  

 9.1 Introduction 
 9.2 Software 
 9.3 Hardware 
   
10 Global Smart Electricity Meter Market, By Distribution Channel  
 10.1 Introduction 
 10.2 Offline 
 10.3 Online 
   
11 Global Smart Electricity Meter Market, By Geography  
 11.1 Introduction 
 11.2 North America 
  11.2.1 US
  11.2.2 Canada
  11.2.3 Mexico
 11.3 Europe 
  11.3.1 Germany
  11.3.2 UK
  11.3.3 Italy
  11.3.4 France
  11.3.5 Spain
  11.3.6 Rest of Europe
 11.4 Asia Pacific 
  11.4.1 Japan
  11.4.2 China
  11.4.3 India
  11.4.4 Australia
  11.4.5 New Zealand
  11.4.6 South Korea
  11.4.7 Rest of Asia Pacific
 11.5 South America 
  11.5.1 Argentina
  11.5.2 Brazil
  11.5.3 Chile
  11.5.4 Rest of South America
 11.6 Middle East & Africa 
  11.6.1 Saudi Arabia
  11.6.2 UAE
  11.6.3 Qatar
  11.6.4 South Africa
  11.6.5 Rest of Middle East & Africa
   
12 Key Developments  
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 12.2 Acquisitions & Mergers 
 12.3 New Product Launch 
 12.4 Expansions 
 12.5 Other Key Strategies 
   
13 Company Profiling  
 13.1 Siemens AG 
 13.2 Silver Spring Networks Inc. 
 13.3 ABB 
 13.4 Schneider Electric 
 13.5 Jiangsu Linyang 
 13.6 Honeywell 
 13.7 Aclara 
 13.8 Microchip Technology 
 13.9 Benchmarking 
 13.10 Landis+Gyr (Toshiba Corporation) 
 13.11 Networked Energy Services 
 13.12 Holley Metering 
 13.13 Genus Power Infrastructure 
 13.14 General Electric 
 13.15 Wasion Group  
 13.16 Elster Group GmbH 
 13.17 Itron Inc. 
 13.18 Sensus USA Inc 
 13.19 Echelon Corp. 
 13.20 Hexing Electric Company Ltd


List of Tables   
1 Global Smart Electricity Meter Market Outlook, By Region (2018-2027) ($MN)  
2 Global Smart Electricity Meter Market Outlook, By Communication Technology (2018-2027) ($MN)  
3 Global Smart Electricity Meter Market Outlook, By Auto Meter Reading (2018-2027) ($MN)  
4 Global Smart Electricity Meter Market Outlook, By Advanced Metering Infrastructure (2018-2027) ($MN)  
5 Global Smart Electricity Meter Market Outlook, By Radio Frequency (RF) (2018-2027) ($MN)  
6 Global Smart Electricity Meter Market Outlook, By Cellular (2018-2027) ($MN)  
7 Global Smart Electricity Meter Market Outlook, By Power Line Communication (PLC) (2018-2027) ($MN)  
8 Global Smart Electricity Meter Market Outlook, By Phase (2018-2027) ($MN)  
9 Global Smart Electricity Meter Market Outlook, By GISM (Single Phase) (2018-2027) ($MN)  
10 Global Smart Electricity Meter Market Outlook, By GIST (Three Phase) (2018-2027) ($MN)  
11 Global Smart Electricity Meter Market Outlook, By GISS (Heavy Consumers) (2018-2027) ($MN)  
12 Global Smart Electricity Meter Market Outlook, By Type (2018-2027) ($MN)  
13 Global Smart Electricity Meter Market Outlook, By Gas (2018-2027) ($MN)  
14 Global Smart Electricity Meter Market Outlook, By Electric (2018-2027) ($MN)  
15 Global Smart Electricity Meter Market Outlook, By Water (2018-2027) ($MN)  
16 Global Smart Electricity Meter Market Outlook, By End User (2018-2027) ($MN)  
17 Global Smart Electricity Meter Market Outlook, By Commercial (2018-2027) ($MN)  
18 Global Smart Electricity Meter Market Outlook, By Healthcare (2018-2027) ($MN)  
19 Global Smart Electricity Meter Market Outlook, By Education (2018-2027) ($MN)  
20 Global Smart Electricity Meter Market Outlook, By Logistics & Transportation (2018-2027) ($MN)  
21 Global Smart Electricity Meter Market Outlook, By Retail (2018-2027) ($MN)  
22 Global Smart Electricity Meter Market Outlook, By Hospitality (2018-2027) ($MN)  
23 Global Smart Electricity Meter Market Outlook, By Offices (2018-2027) ($MN)  
24 Global Smart Electricity Meter Market Outlook, By Utility (2018-2027) ($MN)  
25 Global Smart Electricity Meter Market Outlook, By Government (2018-2027) ($MN)  
26 Global Smart Electricity Meter Market Outlook, By Residential (2018-2027) ($MN)  
27 Global Smart Electricity Meter Market Outlook, By Multi Family (2018-2027) ($MN)  
28 Global Smart Electricity Meter Market Outlook, By Single Family (2018-2027) ($MN)  
29 Global Smart Electricity Meter Market Outlook, By Industrial (2018-2027) ($MN)  
30 Global Smart Electricity Meter Market Outlook, By Component (2018-2027) ($MN)  
31 Global Smart Electricity Meter Market Outlook, By Software (2018-2027) ($MN)  
32 Global Smart Electricity Meter Market Outlook, By Hardware (2018-2027) ($MN)  
33 Global Smart Electricity Meter Market Outlook, By Distribution Channel (2018-2027) ($MN)  
34 Global Smart Electricity Meter Market Outlook, By Offline (2018-2027) ($MN)  
35 Global Smart Electricity Meter Market Outlook, By Online (2018-2027) ($MN)  
   
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.   

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