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Global Smart Electricity Meter Market Research Report: Forecast (2022-2027)

Smart Electricity Meter Market - By Technology (Automated Meter Reading [AMR], Advanced Metering Infrastructure [AMI]), By Communication Technology Type (Power Line Communication [......PLC], Radio Frequency [RF], Cellular), By Phase (One Phase, Three Phase), By Component (Hardware, Software, Services), By End Users (Municipal, Commercial, Industrial, Residential) and Others Read more

Energy
Apr 2021
Pages 200
Report Format: PDF, Excel, PPT

Market Definition

Smart electricity meters are electronic devices that show accurate readings for electricity usage. They help minimize the peak electricity requirements and enable consumers to monitor & reduce power consumption. Besides, they also help prevent disconnection, removes billing errors, etc.

Many utility companies worldwide are increasingly adopting smart meters as an efficient way to monitor the electricity usage of their customers in order to better determine infrastructure requirements & costs. Moreover, smart electricity meters can provide both utilities & their customers with better means of how usage is affecting their costs and, in turn, help them devise new money-saving strategies.

Market Insights

The Global Smart Electricity Meter Market is projected to register a CAGR of around 9% during the forecast period, 2022-27. The growth of the market is driven primarily by the growing consumer need for accurate billing, massive investments by both private & public players in deploying smart grids, and various energy conservation initiatives worldwide.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR (2022-2027)	9%
Regions Covered	North America: US, Canada, Mexico
	Europe: The UK, France, Germany, Italy, Spain, CIS+ Russia
	Asia-Pacific: China, India, Japan, Australia
	South America: Brazil, Argentina, Rest of South America
	Middle East & Africa: UAE, Saudi Arabia, Qatar
Key Companies Profiled	Landis+Gyr, Itron, Wasion, Hexing, Elster, Sagemcom, Sensus, ADD, Aclara, Kamstrup
Unit Denominations	USD Million/Billion

Rapid urbanization & various ongoing & upcoming smart infrastructural developments worldwide have infused the need for automatic electricity control in order to avoid wastage. As a result, the mounting adoption of smart devices & technologies across various facilities, globally, is boosting the global market. Moreover, the soaring energy prices and rising electricity thefts are other crucial aspects projecting significant growth opportunities for the global market through 2027.

In addition, the introduction of favorable government policies & incentives for adopting smart meters instead of conventional meters to help users/utilities effectively monitor & control the power consumption, coupled with the mounting inclination of people toward using energy-efficient products & services to promote environmental sustainability, is also expected to create profitable opportunities for the Global Smart Electricity Meter Market in the years to come.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Smart Electricity Meter Market Policies, Regulations, and Product Standards
Global Smart Electricity Meter Market Supply Chain Analysis
Global Smart Electricity Meter Market Trends & Developments
Global Smart Electricity Meter Market Dynamics
1. Growth Drivers
2. Challenges
Global Smart Electricity Meter Market Hotspot & Opportunities
Global Smart Electricity Meter Market Outlook, 2020-2030F
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Outlook
  1. By Technology
    1. Automated Meter Reading (AMR)- Market Size & Forecast 2020-2030, Thousand Units
    2. Advanced Metering Infrastructure (AMI)- Market Size & Forecast 2020-2030, Thousand Units
  2. By Communication Technology Type
    1. Power Line Communication (PLC)- Market Size & Forecast 2020-2030, Thousand Units
    2. Radio Frequency (RF)- Market Size & Forecast 2020-2030, Thousand Units
    3. Cellular- Market Size & Forecast 2020-2030, Thousand Units
  3. By Phase
    1. One Phase- Market Size & Forecast 2020-2030, Thousand Units
    2. Three Phase- Market Size & Forecast 2020-2030, Thousand Units
  4. By Component
    1. Hardware- Market Size & Forecast 2020-2030, Thousand Units
    2. Software- Market Size & Forecast 2020-2030, Thousand Units
    3. Services- Market Size & Forecast 2020-2030, Thousand Units
  5. By End Users
    1. Municipal- Market Size & Forecast 2020-2030, Thousand Units
    2. Commercial- Market Size & Forecast 2020-2030, Thousand Units
    3. Industrial- Market Size & Forecast 2020-2030, Thousand Units
    4. Residential- Market Size & Forecast 2020-2030, Thousand Units
  6. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East and Africa
    5. Asia-Pacific
  7. By Company
    1. Company Revenue Shares
    2. Competitor Characteristics
North America Smart Electricity Meter Market Outlook, 2020-2030F
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Outlook
  1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
  2. By Communication Technology Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Phase- Market Size & Forecast 2020-2030, Thousand Units
  4. By Component- Market Size & Forecast 2020-2030, Thousand Units
  5. By End Users- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
4. Canada Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
5. Mexico Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
South America Smart Electricity Meter Market Outlook, 2020-2030F
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Outlook
  1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
  2. By Communication Technology Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Phase- Market Size & Forecast 2020-2030, Thousand Units
  4. By Component- Market Size & Forecast 2020-2030, Thousand Units
  5. By End Users- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
4. Argentina Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
Europe Smart Electricity Meter Market Outlook, 2020-2030F
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Outlook
  1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
  2. By Communication Technology Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Phase- Market Size & Forecast 2020-2030, Thousand Units
  4. By Component- Market Size & Forecast 2020-2030, Thousand Units
  5. By End Users- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. The UK Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
4. Germany Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
5. France Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
6. Italy Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
7. Spain Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
Middle East & Africa Smart Electricity Meter Market Outlook, 2020-2030F
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Outlook
  1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
  2. By Communication Technology Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Phase- Market Size & Forecast 2020-2030, Thousand Units
  4. By Component- Market Size & Forecast 2020-2030, Thousand Units
  5. By End Users- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. Saudi Arabia
    2. The UAE
    3. South Africa
    4. Rest of Middle East & Africa
3. Saudi Arabia Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
4. The UAE Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
5. South Africa Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
Asia Pacific Smart Electricity Meter Market Outlook, 2020-2030F
1. Market Size & Outlook
  1. By Revenues (USD Million)
  2. By Units Sold (Thousand Units)
2. Market Share & Outlook
  1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
  2. By Communication Technology Type- Market Size & Forecast 2020-2030, Thousand Units
  3. By Phase- Market Size & Forecast 2020-2030, Thousand Units
  4. By Component- Market Size & Forecast 2020-2030, Thousand Units
  5. By End Users- Market Size & Forecast 2020-2030, Thousand Units
  6. By Country
    1. China
    2. Japan
    3. India
    4. Australia
    5. South Korea
    6. Rest of Asia Pacific
3. China Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
4. Japan Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
5. India Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
6. Australia Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
7. South Korea Smart Electricity Meter Market Outlook, 2020-2030F
  1. Market Size & Outlook
    1. By Revenues (USD Million)
    2. By Units Sold (Thousand Units)
  2. Market Share & Outlook
    1. By Technology- Market Size & Forecast 2020-2030, Thousand Units
    2. By Phase- Market Size & Forecast 2020-2030, Thousand Units
Global Smart Electricity Meter Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. Landis+Gyr
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Itron, Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Schneider Electric SE
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Siemens AG
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. ABB Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. General Electric (GE) Company
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Holley Technology Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Wasion Group
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Elster Group (Honeywell)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Aclara
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Kamstrup
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  12. Sensus (Xylem Inc.)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  13. Iskraemeco d.d.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  14. EDMI Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  15. Secure Meters Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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