Image

Global Smart Electric Meter Market – Industry Trends and Forecast to 2028

Semiconductors and Electronics

Image

Global Smart Electric Meter Market – Industry Trends and Forecast to 2028

  • Semiconductors and Electronics
  • Upcoming Report
  • Jul 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Smart Electric Meter Market, By Type (Advanced Metering Infrastructure (AMI) and Automatic Meter Reading (AMR)), Phase (Single Phase and Three Phase), Communication Technology Type (Power Line Communication, Radio Frequency, Cellular and Others), End User (Residential, Commercial, Utility and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.

Smart Electric Meter Market Market Analysis and Insights of Global Smart Electric Meter Market

Data Bridge Market Research analyses that the smart electric meter market would exhibit a CAGR of 5.83% for the forecast period. Rising demand for smart electric meter by the various end user verticals, increased focus on adoption of renewable energy and rapid increase in electric networks established in various regions are the major factors attributable to the growth of smart electric meter market. Therefore, the smart electric meter market value would climb up to USD 22.16 billion by 2028.

Electricity has become an indispensable part of everyday lives of people. The smart electric meters are the electronic devices that are used to keep a track of electricity consumption. This is done with the help of power line communication, radiofrequency electromagnetic radiation (RF), and cellular communication. Smart electric meters come along with a wide range of advantages such as preventing disconnection, reducing errors in billing, decreasing meter reading cost, and reducing re-connection costs.

Rapid demand for smart metering solutions coupled with supportive governmental policies would imply growth in the smart electric meter market value. Rising urbanization, growth and expansion of various end user verticals and growth in the number of smart cities construction projects in the developing economies will also create lucrative growth opportunities for the smart electric meter market in the long run. Growing focus on reducing the costs of energy consumption, rising focus towards sustainable development and increasing awareness among the people will also propel growth in the smart electric meter market demand.  Increased focus on the renewable energy integration to smart grid infrastructure will also bolster the smart electric meter market growth rate in the upward direction. On-going industrialization coupled with economic development especially in the emerging economies will also propel growth in the demand for smart electric meters.

However, high levels of investments required for the integration and manufacturing of these meters will pose a major challenge to the smart electric meter market growth. Also, health concerns of these wireless connections will act as market restraint for this market. Also, end user-resistance factor will also dampen the smart electric meter market growth rate.

This smart electric meter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart electric meter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Smart Electric Meter Market Scope and Market Size

The smart electric meter market is segmented on the basis of type, phase, communication technology type and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

  • Based on type, the smart electric meter market is segmented into advanced metering infrastructure (AMI) and automatic meter reading (AMR).
  • Based on phase, the smart electric meter market is segmented into single phase and three phase.
  • Based on communication technology type, the smart electric meter market is segmented into power line communication, radio frequency, cellular and others.  
  • On the basis of end user, the smart electric meter market is segmented into residential, commercial, utility and others. Residential segment is sub-segmented into single family and multifamily. Commercial segment is sub-segmented into education, healthcare, retail, logistics and transportation, offices, hospitality and others.

Global Smart Electric Meter Market Country Level Analysis

Global smart electric meter market is analysed and market size insights and trends are provided by country, type, phase, communication technology type and end user as referenced above.

The countries covered in the smart electric meter market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific lions the smart electric meter market and will extend similar trend over the forecast period owing to the increased adoption of smart electric meters to minimize unaccounted electricity losses.  

The country section of the smart electric meter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Competitive Landscape and Smart Electric Meter Market Share Analysis

The smart electric meter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart electric meter market.

The major players covered in the smart electric meter market report are SAGEMCOM, ABB, Schneider Electric, Siemens, Microchip Technology Inc., wasion group, Landis+Gyr., Itron Inc., Honeywell International Inc., Aclara Technologies LLC., Iskraemeco, d.d., LINYANG Energy, Genus, Networked Energy Services, Holley Technology UK Ltd., OSAKI ELECTRIC CO., LTD., Sensus, Trilliant Holdings Inc., Kamstrup and E.ON UK plc among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials