Smart Meters Market
PUBLISHED: 2020 ID: SMRC18761
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Smart Meters Market

Smart Meters - Global Market Outlook (2018-2027)

4.8 (18 reviews)
4.8 (18 reviews)
Published: 2020 ID: SMRC18761

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

According to Stratistics MRC, the Global Smart Meters Market is accounted for $12.80 billion in 2018 and is expected to reach $31.03 billion by 2027 growing at a CAGR of 10%. Government policies, Energy conservation and rise smart grid deployment are likely to boost the growth of the market. However, High installation costs for end-users are likely to hamper the profit boundaries.

Smart Meters are devices for accurately monitoring gas and electricity meter usage that can send usage information via radiofrequency electromagnetic radiation (RF) which helps the utility company to effectively manage the energy usage. Smart meters offer a host of benefits such as reduction of meter reading cost, removing inefficiencies in billing, preventing disconnection and re-connection costs to corporations and consumers.

Based on the application, the residential segment is expected to grow at the fastest rate during the forecast period. Globally, residential application accounted for approximately 84% of the smart meter installations. The demand for smart meters in the residential sector is driven by factors such as a surge in demand for central systems and smart end-users.

By geography, The Asia-Pacific market is projected to grow at the high. The region is the largest market for the infrastructure sector and industrial sector and is taking various steps such as investments in smart grid, smart city & the gas pipeline networks, repair & upgradation of aging infrastructure, preventing electric, water, & gas theft, minimizing inaccurate metering & managing growing electricity, and water scarcity.

Some of the key players in the Smart Meters market include Upsco Inc, Triacta power solutions LP, Smart Instruments Co Pvt Ltd , Smart building services Pvt Ltd, Siemens AG, Sensus , Secure meters Ltd, Schneider Electric SA, Meters UK, Jenco Instruments Inc, Itron Inc, Holley Metering Limite, Fenghua sanlian water meter co Ltd, Energy Intellect Ltd, Elster Group, Digital meter co, City meter Inc, Circuator SA, Badger Meter and Alan Anderson.
 
Types Covered:

• Gas Meters
• Water Meters
• Electric Meters

Technologies Covered:
• Advanced Metering Infrastructure (AMI)  
• Automatic Meter Reading (AMR)  

Applications Covered:
• Commercial Smart Meter
• Industrial Smart Meter
• Residential Smart Meter

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand
o South Korea      
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 2017, 2018, 2019, 2023 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 clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

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 Application Analysis
 3.8 Emerging Markets 
 3.9 Futuristic Market Scenario
    
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 Meters Market, By Type 
 5.1 Introduction 
 5.2 Gas Meters 
 5.3 Water Meters 
 5.4 Electric Meters 
    
6 Global Smart Meters Market, By Technology
 6.1 Introduction 
 6.2 Advanced Metering Infrastructure (AMI)
 6.3 Automatic Meter Reading (AMR)
    
7 Global Smart Meters Market, By Application
 7.1 Introduction 
 7.2 Commercial Smart Meter
 7.3 Industrial Smart Meter
 7.4 Residential Smart Meter
    
8 Global Smart Meters Market, By Geography
 8.1 Introduction 
 8.2 North America 
  8.2.1 US 
  8.2.2 Canada 
  8.2.3 Mexico 
 8.3 Europe  
  8.3.1 Germany 
  8.3.2 UK 
  8.3.3 Italy 
  8.3.4 France 
  8.3.5 Spain 
  8.3.6 Rest of Europe
 8.4 Asia Pacific 
  8.4.1 Japan 
  8.4.2 China 
  8.4.3 India 
  8.4.4 Australia 
  8.4.5 New Zealand
  8.4.6 South Korea
  8.4.7 Rest of Asia Pacific
 8.5 South America 
  8.5.1 Argentina
  8.5.2 Brazil 
  8.5.3 Chile 
  8.5.4 Rest of South America
 8.6 Middle East & Africa
  8.6.1 Saudi Arabia
  8.6.2 UAE 
  8.6.3 Qatar 
  8.6.4 South Africa
  8.6.5 Rest of Middle East & Africa
    
9 Key Developments  
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
 9.2 Acquisitions & Mergers
 9.3 New Product Launch
 9.4 Expansions 
 9.5 Other Key Strategies
    
10 Company Profiling  
 10.1 Upsco Inc  
 10.2 Triacta power solutions LP
 10.3 Smart Instruments Co Pvt Ltd
 10.4 Smart building services Pvt Ltd
 10.5 Siemens AG 
 10.6 Sensus  
 10.7 Secure meters Ltd 
 10.8 Schneider Electric SA
 10.9 Meters UK 
 10.10 Jenco Instruments Inc
 10.11 Itron Inc  
 10.12 Holley Metering Limite
 10.13 Fenghua sanlian water meter co Ltd
 10.14 Energy Intellect Ltd 
 10.15 Elster Group 
 10.16 Digital meter co 
 10.17 City meter Inc 
 10.18 Circuator SA 
 10.19 Badger Meter 
 10.20 Alan Anderson 


List of Tables   
1 Global Smart Meters Market Outlook, By Region (2017-2027) ($MN)
2 Global Smart Meters Market Outlook, By Type  (2017-2027) ($MN)
3 Global Smart Meters Market Outlook, By Gas Meters (2017-2027) ($MN)
4 Global Smart Meters Market Outlook, By Water Meters (2017-2027) ($MN)
5 Global Smart Meters Market Outlook, By Electric Meters (2017-2027) ($MN)
6 Global Smart Meters Market Outlook, By Technology (2017-2027) ($MN)
7 Global Smart Meters Market Outlook, By Advanced Metering Infrastructure (AMI) (2017-2027) ($MN)
8 Global Smart Meters Market Outlook, By Automatic Meter Reading (AMR) (2017-2027) ($MN)
9 Global Smart Meters Market Outlook, By Application  (2017-2027) ($MN)
10 Global Smart Meters Market Outlook, By Commercial Smart Meter (2017-2027) ($MN)
11 Global Smart Meters Market Outlook, By Industrial Smart Meter (2017-2027) ($MN)
12 Global Smart Meters Market Outlook, By Residential Smart Meter (2017-2027) ($MN)
13 North America Smart Meters Market Outlook, By Country (2017-2027) ($MN)
14 North America Smart Meters Market Outlook, By Type  (2017-2027) ($MN)
15 North America Smart Meters Market Outlook, By Gas Meters (2017-2027) ($MN)
16 North America Smart Meters Market Outlook, By Water Meters (2017-2027) ($MN)
17 North America Smart Meters Market Outlook, By Electric Meters (2017-2027) ($MN)
18 North America Smart Meters Market Outlook, By Technology (2017-2027) ($MN)
19 North America Smart Meters Market Outlook, By Advanced Metering Infrastructure (AMI) (2017-2027) ($MN)
20 North America Smart Meters Market Outlook, By Automatic Meter Reading (AMR) (2017-2027) ($MN)
21 North America Smart Meters Market Outlook, By Application  (2017-2027) ($MN)
22 North America Smart Meters Market Outlook, By Commercial Smart Meter (2017-2027) ($MN)
23 North America Smart Meters Market Outlook, By Industrial Smart Meter (2017-2027) ($MN)
24 North America Smart Meters Market Outlook, By Residential Smart Meter (2017-2027) ($MN)
25 Europe Smart Meters Market Outlook, By Country (2017-2027) ($MN)
26 Europe Smart Meters Market Outlook, By Type  (2017-2027) ($MN)
27 Europe Smart Meters Market Outlook, By Gas Meters (2017-2027) ($MN)
28 Europe Smart Meters Market Outlook, By Water Meters (2017-2027) ($MN)
29 Europe Smart Meters Market Outlook, By Electric Meters (2017-2027) ($MN)
30 Europe Smart Meters Market Outlook, By Technology (2017-2027) ($MN)
31 Europe Smart Meters Market Outlook, By Advanced Metering Infrastructure (AMI) (2017-2027) ($MN)
32 Europe Smart Meters Market Outlook, By Automatic Meter Reading (AMR) (2017-2027) ($MN)
33 Europe Smart Meters Market Outlook, By Application  (2017-2027) ($MN)
34 Europe Smart Meters Market Outlook, By Commercial Smart Meter (2017-2027) ($MN)
35 Europe Smart Meters Market Outlook, By Industrial Smart Meter (2017-2027) ($MN)
36 Europe Smart Meters Market Outlook, By Residential Smart Meter (2017-2027) ($MN)
37 Asia Pacific Smart Meters Market Outlook, By Country (2017-2027) ($MN)
38 Asia Pacific Smart Meters Market Outlook, By Type  (2017-2027) ($MN)
39 Asia Pacific Smart Meters Market Outlook, By Gas Meters (2017-2027) ($MN)
40 Asia Pacific Smart Meters Market Outlook, By Water Meters (2017-2027) ($MN)
41 Asia Pacific Smart Meters Market Outlook, By Electric Meters (2017-2027) ($MN)
42 Asia Pacific Smart Meters Market Outlook, By Technology (2017-2027) ($MN)
43 Asia Pacific Smart Meters Market Outlook, By Advanced Metering Infrastructure (AMI) (2017-2027) ($MN)
44 Asia Pacific Smart Meters Market Outlook, By Automatic Meter Reading (AMR) (2017-2027) ($MN)
45 Asia Pacific Smart Meters Market Outlook, By Application  (2017-2027) ($MN)
46 Asia Pacific Smart Meters Market Outlook, By Commercial Smart Meter (2017-2027) ($MN)
47 Asia Pacific Smart Meters Market Outlook, By Industrial Smart Meter (2017-2027) ($MN)
48 Asia Pacific Smart Meters Market Outlook, By Residential Smart Meter (2017-2027) ($MN)
49 South America Smart Meters Market Outlook, By Country (2017-2027) ($MN)
50 South America Smart Meters Market Outlook, By Type  (2017-2027) ($MN)
51 South America Smart Meters Market Outlook, By Gas Meters (2017-2027) ($MN)
52 South America Smart Meters Market Outlook, By Water Meters (2017-2027) ($MN)
53 South America Smart Meters Market Outlook, By Electric Meters (2017-2027) ($MN)
54 South America Smart Meters Market Outlook, By Technology (2017-2027) ($MN)
55 South America Smart Meters Market Outlook, By Advanced Metering Infrastructure (AMI) (2017-2027) ($MN)
56 South America Smart Meters Market Outlook, By Automatic Meter Reading (AMR) (2017-2027) ($MN)
57 South America Smart Meters Market Outlook, By Application  (2017-2027) ($MN)
58 South America Smart Meters Market Outlook, By Commercial Smart Meter (2017-2027) ($MN)
59 South America Smart Meters Market Outlook, By Industrial Smart Meter (2017-2027) ($MN)
60 South America Smart Meters Market Outlook, By Residential Smart Meter (2017-2027) ($MN)
61 Middle East & Africa Smart Meters Market Outlook, By Country (2017-2027) ($MN)
62 Middle East & Africa Smart Meters Market Outlook, By Type  (2017-2027) ($MN)
63 Middle East & Africa Smart Meters Market Outlook, By Gas Meters (2017-2027) ($MN)
64 Middle East & Africa Smart Meters Market Outlook, By Water Meters (2017-2027) ($MN)
65 Middle East & Africa Smart Meters Market Outlook, By Electric Meters (2017-2027) ($MN)
66 Middle East & Africa Smart Meters Market Outlook, By Technology (2017-2027) ($MN)
67 Middle East & Africa Smart Meters Market Outlook, By Advanced Metering Infrastructure (AMI) (2017-2027) ($MN)
68 Middle East & Africa Smart Meters Market Outlook, By Automatic Meter Reading (AMR) (2017-2027) ($MN)
69 Middle East & Africa Smart Meters Market Outlook, By Application  (2017-2027) ($MN)
70 Middle East & Africa Smart Meters Market Outlook, By Commercial Smart Meter (2017-2027) ($MN)
71 Middle East & Africa Smart Meters Market Outlook, By Industrial Smart Meter (2017-2027) ($MN)
72 Middle East & Africa Smart Meters Market Outlook, By Residential Smart Meter (2017-2027) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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