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.
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.
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.
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Report Features |
Specifics |
|---|---|
|
Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
|
Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Phase, Communication Technology, End Use Sector |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, South America |
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
Smart Electric Meter Market by End Use Sector
Smart Electric Meter Market by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
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
4.1 Introduction
4.2 Drivers
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 Restraints
4.3.1. High Initial Investment
4.4 Opportunities
4.4.1. Cloud- Based Smart Metering Solution
4.4.2. Internet of Things (IoT) Enabled Smart Grid
4.5 Challenges
4.5.1. Government Mandates and Intervention
4.5.2. Customer Acceptance and Support
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
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)
6.1 Introduction
6.2 Single Phase
6.3 Three Phase
7 GLOBAL SMART ELECTRIC METER MARKET BY COMMUNICATION TECHNOLOGY, Market Size in USD Million (2017—2024)
7.1 Introduction
7.2 Radio Frequency (RF)
7.3 Cellular
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)
8.1 Introduction
8.2 Residential
8.3 Commercial
8.4 Industrial
9 GLOBAL SMART ELECTRIC METER MARKET BY REGION, Market Size in USD Million (2017—2024)
9.1 North America
9.1.1 US
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 UK
9.2.5 The Netherlands
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 India
9.3.3 Japan
9.3.4 South Korea
9.3.5 Australia
9.3.6 Rest of Asia-Pacific
9.4 Middle East
9.4.1 Saudi Arabia
9.4.2 UAE
9.4.3 Rest of Middle East
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
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
11.2 Landis+Gyr.
11.3 Siemens AG
11.4 Honeywell International Inc.
11.5 Xylem
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 APPENDIX
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