Cover Image
Market Research Report
Product code 
1076141

Global Smart Meters Market, By Product Type, By Communication Type, By Component, By Technology, By End-User, By Region, Trend Analysis, Competitive Market Share & Forecast, 2018-2028

Published: | Blueweave Consulting & Research Private Limited | 198 Pages | Delivery time: Inquiry

Price

Back to Top
Global Smart Meters Market, By Product Type, By Communication Type, By Component, By Technology, By End-User, By Region, Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Published: May 6, 2022
Blueweave Consulting & Research Private Limited
Content info: 198 Pages
Delivery time: Inquiry
  • Description
  • Table of Contents

Global Smart Meters Market to Reach USD 34.5 Billion by 2028

The global smart meters market is growing due to the increasing energy consumption and rising demand for efficient energy management along with favorable government initiatives and financial aids and subsidies…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global smart meters market was worth USD 19.7 billion in the year 2021. It is estimated to grow at a CAGR of 8.4%, earning revenue of around USD 34.5 billion by the end of 2028. The global smart meters market is flourishing at a high rate owing to the factors such as increasing energy consumption and rising demand for efficient energy management to save costs for both users and utility companies. Furthermore, favorable government initiatives and financial aids, and subsidies for boosting the installation of smart meters are also offering lucrative growth opportunities for the global smart meters market.

Rising Demand for Smart Meter Hardware is Driving Global Smart Meters Market

Based on components, the global smart meters market is segmented into hardware and software. The hardware segment holds the largest market share since the installation of smart meters is still in its primary stage in almost all regions. Therefore, the demand for smart meter hardware for installation in residential spaces and commercial facilities is increasing at a high rate, propelling the overall market growth. However, the software segment is also gaining significant traction since the software performs the basic functions of recording, analyzing, and transferring data on energy consumption.

Increasing Installation of Smart Meters in Residential Spaces is Propelling Global Smart Meters Market Growth

Based on end-user, the global smart meters market is segmented into residential, commercial, and industrial segments. The residential segment accounts for the largest market share owing to the increasing government initiatives to boost the adoption of smart meters in households to reinforce accurate meter readings and provide better transparency in energy consumption for both consumers as well as utility companies. However, the commercial segment is anticipated to witness significant growth in the forecast period owing to the expanding service sector and increasing establishment of commercial facilities for infrastructural development.

Request for Sample Report @ https://www.blueweaveconsulting.com/report/smart-meters-market/report-sample

Global Smart Meters Market - By Technology

Based on technology, the global smart meters market is segmented into AMI and AMR. The advanced metering infrastructure or AMI accounts for the largest share in the global smart meters market. This type of technology offers two-way communication between the meter and the supplier. The smart meters that work on AMI technology collect and analyze data that help utility companies to improve energy efficiency and streamline customer services. Due to these factors, the AMI sector is projected to witness substantial growth during the forecast period.

Global Smart Meters Market - Regional Insights

Geographically, the global smart meters market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific region dominates the global smart meters market owing to the gradual adoption of smart metering solutions to limit electricity consumption and boost its efficient management. The governments of various emerging economies such as China and India are taking various initiatives such as offering subsidies as well as establishing partnerships with utility companies to boost the adoption of smart meters in their respective regions. This is significant propelling the growth of the global smart meters market.

Impact of COVID-19 on Global Smart Meters Market

The unprecedented COVID-19 pandemic outbreak initially negatively halted the growth of the global smart meters market. This is because of the lockdown restrictions imposed in different parts of the world due to which the smart meter installation activities were temporarily paused. Furthermore, the market also faced a huge shortage of IoT sensors due to the low production of semiconductor chips. However, the global smart meters market is expected to flourish in the post lockdown period due to a significant surge in electricity consumption and a huge burden on the energy sector.

Competitive Landscape

The leading market players of the global smart meters market are AEM SA, Ningbo Sanxing Electric Co. Ltd, Aichi Tokei Denki, Neptune Technology Group Inc., Apator SA, Nanjing Xinlian Electronics Co. Ltd, Arad Group, Mueller Systems LLC, Azbil Kimmon Co. Ltd, Landis+GYR Group AG, Badger Meter Inc., Kamstrup AS, Diehl Stiftung & Co. KG, Elster Group GmbH, Jiangsu Linyang Energy Co. Ltd, General Electric Company, Itron Inc., Hexing Electric Company Ltd, Holley Technology Ltd, and other prominent players.

The global smart meters market is highly competitive with the presence of several multinational corporations as well as regional players. However, many startups are also emerging with efficient offerings, giving tough competition to the established players. The companies are significantly investing in research and development activities for bringing innovations and technological advancements into their products. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Don't miss the business opportunity of the global smart meters market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global smart meters market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global smart meters market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Product Code: BWC22146

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. Global Smart Meters Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Advancement/Recent Development
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis
    • 4.5.1. Bargaining Power of Suppliers
    • 4.5.2. Bargaining Power of Buyers
    • 4.5.3. Threat of New Entrants
    • 4.5.4. Threat of Substitutes
    • 4.5.5. Intensity of Rivalry

5. Global Smart Meters Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type
      • 5.2.1.1. Electric Meter
      • 5.2.1.2. Gas Meter
      • 5.2.1.3. Water Meter
    • 5.2.2. By Communication Type
      • 5.2.2.1. RF
      • 5.2.2.2. PLC
      • 5.2.2.3. Cellular
    • 5.2.3. By Component
      • 5.2.3.1. Hardware
      • 5.2.3.2. Software
    • 5.2.4. By Technology
      • 5.2.4.1. AMR
      • 5.2.4.2. AMI
    • 5.2.5. By End User
      • 5.2.5.1. Residential
      • 5.2.5.2. Commercial
      • 5.2.5.3. Industrial
    • 5.2.6. By Region
      • 5.2.6.1. North America
      • 5.2.6.2. Europe
      • 5.2.6.3. The Asia Pacific
      • 5.2.6.4. Latin America
      • 5.2.6.5. The Middle East and Africa

6. North America Smart Meters Market

  • 6.1. Market Size & Forecast by Value, 2018-2028
    • 6.1.1. By Value (USD Million)
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type
    • 6.2.2. By Communication Type
    • 6.2.3. By Component
    • 6.2.4. By Technology
    • 6.2.5. By End User
    • 6.2.6. By Country
      • 6.2.6.1. United States
      • 6.2.6.2. Canada

7. Europe Smart Meters Market

  • 7.1. Market Size & Forecast by Value, 2018-2028
    • 7.1.1. By Value (USD Million)
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type
    • 7.2.2. By Communication Type
    • 7.2.3. By Component
    • 7.2.4. By Technology
    • 7.2.5. By End User
    • 7.2.6. By Country
      • 7.2.6.1. Germany
      • 7.2.6.2. United Kingdom
      • 7.2.6.3. Italy
      • 7.2.6.4. France
      • 7.2.6.5. Spain
      • 7.2.6.6. Rest of Europe

8. Asia-Pacific Smart Meters Market

  • 8.1. Market Size & Forecast by Value, 2018-2028
    • 8.1.1. By Value (USD Million)
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Communication Type
    • 8.2.3. By Component
    • 8.2.4. By Technology
    • 8.2.5. By End User
    • 8.2.6. By Country
      • 8.2.6.1. China
      • 8.2.6.2. India
      • 8.2.6.3. Japan
      • 8.2.6.4. South Korea
      • 8.2.6.5. Rest of Asia Pacific

9. Latin America Smart Meters Market

  • 9.1. Market Size & Forecast by Value, 2018-2028
    • 9.1.1. By Value (USD Million)
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Communication Type
    • 9.2.3. By Component
    • 9.2.4. By Technology
    • 9.2.5. By End User
    • 9.2.6. By Country
      • 9.2.6.1. Brazil
      • 9.2.6.2. Mexico
      • 9.2.6.3. Rest of Latin America

10. Middle East & Africa Smart Meters Market

  • 10.1. Market Size & Forecast by Value, 2018-2028
    • 10.1.1. By Value (USD Million)
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type
    • 10.2.2. By Communication Type
    • 10.2.3. By Component
    • 10.2.4. By Technology
    • 10.2.5. By End User
    • 10.2.6. By Country
      • 10.2.6.1. Saudi Arabia
      • 10.2.6.2. UAE
      • 10.2.6.3. South Africa
      • 10.2.6.4. Rest of Middle East & Africa

11. Competitive Landscape

  • 11.1. List of Key Players and Their Offerings
  • 11.2. Market Share Analysis, 2021
  • 11.3. Competitive Benchmarking, By Operating Parameters
  • 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)

12. Impact of Covid-19 on Global Smart Meters Industry

13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 13.1. Schneider Electric
  • 13.2. Landis+Gyr
  • 13.3. Itron
  • 13.4. Siemens
  • 13.5. Wasion Group
  • 13.6. Badger Meter
  • 13.7. Sensus
  • 13.8. EDMI
  • 13.9. Holley Metering Limited
  • 13.10. Neptune Technology Group Inc.
  • 13.11. Honeywell International Inc.
  • 13.12. Kaifa Technology
  • 13.13. Suntront Technology
  • 13.14. Kamstrup Company
  • 13.15. Aichi Tokei Denkei
  • 13.16. Other prominent players

14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List Of Figures

  • Figure 1 Global Smart Meters Market Segmentation
  • Figure 2 Global Smart Meters Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 Global Smart Meters Market Size, By Value (USD Million), 2018-2028
  • Figure 5 Global Smart Meters Market Share, By Type, By Value, 2018-2028
  • Figure 6 Global Smart Meters Market Share, By Communication type, By Value, 2018-2028
  • Figure 7 Global Smart Meters Market Share, By Component, By Value, 2018-2028
  • Figure 8 Global Smart Meters Market Share, By Technology, By Value, 2018-2028
  • Figure 9 Global Smart Meters Market Share, By End-user, By Value, 2018-2028
  • Figure 10 Global Smart Meters Market Share, By Region, By Value, 2018-2028
  • Figure 11 North America Smart Meters Market Size, By Value (USD Million), 2018-2028
  • Figure 12 North America Smart Meters Market Share, By Type, By Value, 2018-2028
  • Figure 13 North America Smart Meters Market Share, By Communication type, By Value, 2018-2028
  • Figure 14 North America Smart Meters Market Share, By Component, By Value, 2018-2028
  • Figure 15 North America Smart Meters Market Share, By Technology, By Value, 2018-2028
  • Figure 16 North America Smart Meters Market Share, By End-user, By Value, 2018-2028
  • Figure 17 North America Smart Meters Market Share, By Country, By Value, 2018-2028
  • Figure 18 Europe Smart Meters Market Size, By Value (USD Million), 2018-2028
  • Figure 19 Europe Smart Meters Market Share, By Type, By Value, 2018-2028
  • Figure 20 Europe Smart Meters Market Share, By Communication type, By Value, 2018-2028
  • Figure 21 Europe Smart Meters Market Share, By Component, By Value, 2018-2028
  • Figure 22 Europe Smart Meters Market Share, By Technology, By Value, 2018-2028
  • Figure 23 Europe Smart Meters Market Share, By End-user, By Value, 2018-2028
  • Figure 24 Europe Smart Meters Market Share, By Country, By Value, 2018-2028
  • Figure 25 Asia-Pacific Smart Meters Market Size, By Value (USD Million), 2018-2028
  • Figure 26 Asia-Pacific Smart Meters Market Share, By Type, By Value, 2018-2028
  • Figure 27 Asia-Pacific Smart Meters Market Share, By Communication type, By Value, 2018-2028
  • Figure 28 Asia-Pacific Smart Meters Market Share, By Component, By Value, 2018-2028
  • Figure 29 Asia-Pacific Smart Meters Market Share, By Technology, By Value, 2018-2028
  • Figure 30 Asia-Pacific Smart Meters Market Share, By End-user, By Value, 2018-2028
  • Figure 31 Asia-Pacific Smart Meters Market Share, By Country, By Value, 2018-2028
  • Figure 32 Latin America Smart Meters Market Size, By Value (USD Million), 2018-2028
  • Figure 33 Latin America Smart Meters Market Share, By Type, By Value, 2018-2028
  • Figure 34 Latin America Smart Meters Market Share, By Communication type, By Value, 2018-2028
  • Figure 35 Latin America Smart Meters Market Share, By Component, By Value, 2018-2028
  • Figure 36 Latin America Smart Meters Market Share, By Technology, By Value, 2018-2028
  • Figure 37 Latin America Smart Meters Market Share, By End-user, By Value, 2018-2028
  • Figure 38 Latin America Smart Meters Market Share, By Country, By Value, 2018-2028
  • Figure 39 Middle East & Africa Smart Meters Market Size, By Value (USD Million), 2018-2028
  • Figure 40 Middle East & Africa Smart Meters Market Share, By Type, By Value, 2018-2028
  • Figure 41 Middle East & Africa Smart Meters Market Share, By Communication type, By Value, 2018-2028
  • Figure 42 Middle East & Africa Smart Meters Market Share, By Component, By Value, 2018-2028
  • Figure 43 Middle East & Africa Smart Meters Market Share, By Technology, By Value, 2018-2028
  • Figure 44 Middle East & Africa Smart Meters Market Share, By End-user, By Value, 2018-2028
  • Figure 45 Middle East & Africa Smart Meters Market Share, By Country, By Value, 2018-2028

List Of Tables

  • Table 1 Global Smart Meters Market Size, By Type, By Value, 2018-2028
  • Table 2 Global Smart Meters Market Size, By Communication type, By Value, 2018-2028
  • Table 3 Global Smart Meters Market Size, By Component, By Value, 2018-2028
  • Table 4 Global Smart Meters Market Size, By Technology, By Value, 2018-2028
  • Table 5 Global Smart Meters Market Size, By End-user, By Value, 2018-2028
  • Table 6 Global Smart Meters Market Size, By Region, By Value, 2018-2028
  • Table 7 North America Smart Meters Market Size, By Type, By Value, 2018-2028
  • Table 8 North America Smart Meters Market Size, By Communication type, By Value, 2018-2028
  • Table 9 North America Smart Meters Market Size, By Component, By Value, 2018-2028
  • Table 10 North America Smart Meters Market Size, By Technology, By Value, 2018-2028
  • Table 11 North America Smart Meters Market Size, By End-user, By Value, 2018-2028
  • Table 12 North America Smart Meters Market Size, By Country, By Value, 2018-2028
  • Table 13 Europe Smart Meters Market Size, By Type, By Value, 2018-2028
  • Table 14 Europe Smart Meters Market Size, By Communication type, By Value, 2018-2028
  • Table 15 Europe Smart Meters Market Size, By Component, By Value, 2018-2028
  • Table 16 Europe Smart Meters Market Size, By Technology, By Value, 2018-2028
  • Table 17 Europe Smart Meters Market Size, By End-user, By Value, 2018-2028
  • Table 18 Europe Smart Meters Market Size, By Country, By Value, 2018-2028
  • Table 19 Asia-Pacific Smart Meters Market Size, By Type, By Value, 2018-2028
  • Table 20 Asia-Pacific Smart Meters Market Size, By Communication type, By Value, 2018-2028
  • Table 21 Asia-Pacific Smart Meters Market Size, By Component, By Value, 2018-2028
  • Table 22 Asia-Pacific Smart Meters Market Size, By Technology, By Value, 2018-2028
  • Table 23 Asia-Pacific Smart Meters Market Size, By End-user, By Value, 2018-2028
  • Table 24 Asia-Pacific Smart Meters Market Size, By Country, By Value, 2018-2028
  • Table 25 Latin America Smart Meters Market Size, By Type, By Value, 2018-2028
  • Table 26 Latin America Smart Meters Market Size, By Communication type, By Value, 2018-2028
  • Table 27 Latin America Smart Meters Market Size, By Component, By Value, 2018-2028
  • Table 28 Latin America Smart Meters Market Size, By Technology, By Value, 2018-2028
  • Table 29 Latin America Smart Meters Market Size, By End-user, By Value, 2018-2028
  • Table 30 Latin America Smart Meters Market Size, By Country, By Value, 2018-2028
  • Table 31 Middle East & Africa Smart Meters Market Size, By Type, By Value, 2018-2028
  • Table 32 Middle East & Africa Smart Meters Market Size, By Communication type, By Value, 2018-2028
  • Table 33 Middle East & Africa Smart Meters Market Size, By Component, By Value, 2018-2028
  • Table 34 Middle East & Africa Smart Meters Market Size, By Technology, By Value, 2018-2028
  • Table 35 Middle East & Africa Smart Meters Market Size, By End-user, By Value, 2018-2028
  • Table 36 Middle East & Africa Smart Meters Market Size, By Country, By Value, 2018-2028
  • Table 37 Schneider Electric Company Overview
  • Table 38 Schneider Electric Financial Overview
  • Table 39 Landis+Gyr Company Overview
  • Table 40 Landis+Gyr Financial Overview
  • Table 41 Siemens Company Overview
  • Table 42 Siemens Financial Overview
  • Table 43 Wasion Group Company Overview
  • Table 44 Wasion Group Financial Overview
  • Table 45 Sensus Company Overview
  • Table 46 Sensus Financial Overview
  • Table 47 Holley Metering Limited Company Overview
  • Table 48 Holley Metering Limited Financial Overview
  • Table 49 Neptune Technology Group Inc. Company Overview
  • Table 50 Neptune Technology Group Inc. Financial Overview
  • Table 51 Honeywell International Inc. Company Overview
  • Table 52 Honeywell International Inc. Financial Overview
  • Table 53 Kaifa Technology Company Overview
  • Table 54 Kaifa Technology Financial Overview
  • Table 55 Suntront Technology Company Overview
  • Table 56 Suntront Technology Financial Overview
  • Table 57 Kamstrup Company Overview
  • Table 58 Kamstrup Company Financial Overview
  • Table 59 Aichi Tokei Denkei Company Overview
  • Table 60 Aichi Tokei Denkei Financial Overview