Smart Electric Meter Market: Summary
The global smart electric meter market is estimated to reach USD 16.8 Billion in 2024 at a CAGR of 6.1%. Increasing adoption of smart grid growing and customer centric approach of the energy sector is expected to drive the smart electric meter market during the forecast period. However, high initial investment is expected to restrain the market during the forecast period. Internet of Things (IoT) enabled smart grid is expected to become an opportunity for global market.
Smart electric meter is an electronic device which sends meter readings to energy supplier digitally. The smart electric meter captures units of power consumed at certain time intervals. This captured data is then communicated to the energy supplier for the billing and monitoring purpose. Some key players in smart electric meter market are Itron Inc., Landis+Gyr, Siemens AG, Honeywell International In., and Xylem among others.
Smart Electric Meter Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global smart electric meter market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of phase, the market is segmented into single phase and three phase. By communication technology, the global market is segmented into radio frequency, cellular, power line communication, fiber optics. By end use sector, global market is segmented into residential, commercial and industrial.
Smart Electric Meter Market: Report Scope
The report on the smart electric meter market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million)
Phase, Communication Technology, End Use Sector
Asia-Pacific, North America, Europe, Middle East & Africa, South America
- Itron Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Siemens AG
- Honeywell International Inc.
- Aclara Technologies LLC.
- Holley Technology UK Ltd.
- Iskraemeco d.d.
- Networked Energy Services
- Microchip Technology Inc.
- Other Key Companies
Smart Electric Meter Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Smart Electric Meter Market by Phase
Smart Electric Meter Market by Communication Technology
- Radio Frequency
- Power Line Communication
- Fiber Optics
Smart Electric Meter Market by End Use Sector
Smart Electric Meter Market by Region
- South Korea
- Rest of Asia-Pacific
- North America
- The Netherlands
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
- Smart Electric Meter Market Providers
- Smart Electric Meter Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Smart Electric Meter Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SMART ELECTRIC METER MARKET STUDY
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1 Increasing Adoption of Smart Grid
4.2.2 Growing Customer Centric Approach of the Energy Sector
4.2.3 Inclination Towards Efficient Energy Usage
4.3.1. High Initial Investment
4.4.1. Cloud- Based Smart Metering Solution
4.4.2. Internet of Things (IoT) Enabled Smart Grid
4.5.1. Government Mandates and Intervention
4.5.2. Customer Acceptance and Support
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 GLOBAL SMART ELECTRIC METER MARKET BY PHASE, Market Size in USD Million (2017—2024)
6.2 Single Phase
6.3 Three Phase
7 GLOBAL SMART ELECTRIC METER MARKET BY COMMUNICATION TECHNOLOGY, Market Size in USD Million (2017—2024)
7.2 Radio Frequency (RF)
7.4 Power Line Communication
7.5 Fiber Optics Cable
8 GLOBAL SMART ELECTRIC METER MARKET BY END USE SECTOR, Market Size in USD Million (2017—2024)
9 GLOBAL SMART ELECTRIC METER MARKET BY REGION, Market Size in USD Million (2017—2024)
9.1 North America
9.2.5 The Netherlands
9.2.6 Rest of Europe
9.3.4 South Korea
9.3.6 Rest of Asia-Pacific
9.4 Middle East
9.4.1 Saudi Arabia
9.4.3 Rest of Middle East
9.5 South America
9.5.3 Rest of South America
10 COMPETITIVE LANDSCAPE
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 Itron Inc.
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.3 Siemens AG
11.4 Honeywell International Inc.
11.6 Aclara Technologies LLC.
11.7 Holley Technology UK Ltd.
11.8 Iskraemeco d.d.
11.9 Networked Energy Services
11.10 Microchip Technology Inc.
11.11 Other Key Companies
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY