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PUBLISHER: IMARC | PRODUCT CODE: 1291417
PUBLISHER: IMARC | PRODUCT CODE: 1291417
Smart Electric Meter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 142 Pages
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Market Overview:
The global smart electric meter market size reached US$ 23.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.8% during 2023-2028.
A smart electric meter sends the readings to the electricity supplier automatically and wirelessly using a secure smart data network. It measures the flow of electric power from the input to the output terminal and comprises a liquid-crystal display (LCD) display for showing readings of the parameters. It accurately monitors the quantity of electricity consumed by homes, companies, or other electrically powered devices. In addition, it assists consumers in tracking real-time updates for electricity while checking their credit and debt balances. As a result, the smart electric meter finds extensive applications in residential, commercial, and industrial sectors.
Smart Electric Meter Market Trends:
The growing development of communication network infrastructure across the globe as it enables companies to communicate faster and better, reduce production costs and improve productivity represents one of the key factors driving the market. Moreover, several benefits offered by smart electric meters, such as minimizing meter reading costs, preventing disconnections, and removing inefficiencies in billing and re-connection costs to corporations and consumers, are propelling the growth of the market. In addition, there is a rise in the digitalization of electrical systems around the world. This, coupled with the growing demand for electricity from commercial and residential sectors, is positively influencing the market. Besides this, large scale installations of smart meters by utility companies are offering lucrative growth opportunities to industry investors. Apart from this, governments of several countries are undertaking initiatives to develop smart cities worldwide. This, along with the increasing development in cloud computing and analytics, is catalyzing the demand for smart electric meters. Additionally, the rising demand for remote monitoring and controlling of power grids is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart electric meter market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, phase and end user.
Breakup by Type:
- Advanced Metering Infrastructure (AMI)
- Automatic Meter Reading (AMR)
Breakup by Phase:
- Single Phase
- Three Phase
Breakup by End User:
- Industrial
- Commercial
- Residential
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Aclara Technologies LLC (Hubbell Incorporated), Genus Power Infrastructures Ltd., Holley Technology Ltd., Honeywell International Inc., Iskraemeco Group, Itron Inc., Jiangsu Linyang Energy Co. Ltd., Landis+Gyr, Microchip Technology Inc., Schneider Electric SE and Wasion Group.
Key Questions Answered in This Report:
- What was the size of the global smart electric meter market in 2022?
- What is the expected growth rate of the global smart electric meter market during 2023-2028?
- What are the key factors driving the global smart electric meter market?
- What has been the impact of COVID-19 on the global smart electric meter market?
- What is the breakup of the global smart electric meter market based on the type?
- What is the breakup of the global smart electric meter market based on the end user?
- What are the key regions in the global smart electric meter market?
- Who are the key players/companies in the global smart electric meter market?
Product Code: SR112023A5602
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Smart Electric Meter Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Advanced Metering Infrastructure (AMI)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Automatic Meter Reading (AMR)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Phase
- 7.1 Single Phase
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Three Phase
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Industrial
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Residential
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 ABB Ltd.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Aclara Technologies LLC (Hubbell Incorporated)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 SWOT Analysis
- 14.3.3 Genus Power Infrastructures Ltd.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Holley Technology Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Honeywell International Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Iskraemeco Group
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Itron Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Jiangsu Linyang Energy Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Landis+Gyr
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.10 Microchip Technology Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Schneider Electric SE
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Wasion Group
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.1 ABB Ltd.
Product Code: SR112023A5602
List of Figures
- Figure 1: Global: Smart Electric Meter Market: Major Drivers and Challenges
- Figure 2: Global: Smart Electric Meter Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Smart Electric Meter Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Smart Electric Meter Market: Breakup by Type (in %), 2022
- Figure 5: Global: Smart Electric Meter Market: Breakup by Phase (in %), 2022
- Figure 6: Global: Smart Electric Meter Market: Breakup by End User (in %), 2022
- Figure 7: Global: Smart Electric Meter Market: Breakup by Region (in %), 2022
- Figure 8: Global: Smart Electric Meter (Advanced Metering Infrastructure (AMI)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Smart Electric Meter (Advanced Metering Infrastructure (AMI)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Smart Electric Meter (Automatic Meter Reading (AMR)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Smart Electric Meter (Automatic Meter Reading (AMR)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Smart Electric Meter (Single Phase) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Smart Electric Meter (Single Phase) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Smart Electric Meter (Three Phase) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Smart Electric Meter (Three Phase) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Smart Electric Meter (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Smart Electric Meter (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Smart Electric Meter (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Smart Electric Meter (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Smart Electric Meter (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Smart Electric Meter (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: North America: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: North America: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: United States: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: United States: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Canada: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Canada: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Asia-Pacific: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Asia-Pacific: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: China: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: China: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Japan: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Japan: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: India: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: India: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: South Korea: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: South Korea: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Australia: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Australia: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Indonesia: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Indonesia: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Others: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Others: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Europe: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Europe: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Germany: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Germany: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: France: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: France: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: United Kingdom: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: United Kingdom: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Italy: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Italy: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Spain: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Spain: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Russia: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Russia: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Others: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Others: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Latin America: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Latin America: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Brazil: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Brazil: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Mexico: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Mexico: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Middle East and Africa: Smart Electric Meter Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Middle East and Africa: Smart Electric Meter Market: Breakup by Country (in %), 2022
- Figure 70: Middle East and Africa: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Global: Smart Electric Meter Industry: SWOT Analysis
- Figure 72: Global: Smart Electric Meter Industry: Value Chain Analysis
- Figure 73: Global: Smart Electric Meter Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Electric Meter Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Smart Electric Meter Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Smart Electric Meter Market Forecast: Breakup by Phase (in Million US$), 2023-2028
- Table 4: Global: Smart Electric Meter Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Smart Electric Meter Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Smart Electric Meter Market: Competitive Structure
- Table 7: Global: Smart Electric Meter Market: Key Players
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