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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1207143
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1207143
Smart Meters Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 143 Pages
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The global smart meters market size reached US$ 22.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.
Smart meters refer to electronic devices that accurately measure and record power consumption data. They consist of a microcontroller, power system, and communications interface. They automatically and wirelessly send actual energy usage to the supplier through radiofrequency (RF) electromagnetic radiation, power line communication, and cellular communication. Smart meters accurately monitor village fluctuations, outage detection, gas, electricity, and water usage. They assist in reducing meter reading costs, removing inefficiencies in billing, preventing disconnection, and reducing emissions. In comparison to traditional meters, smart meters are interactive, multifunctional, aid in recording electricity usage on a daily basis, and enable two-way communication with the utility and the home or business. They are also cost-effective and therefore find widespread application in the residential, commercial and industrial sectors.
Smart Meters Market Trends:
- The increasing energy requirement across the globe is one of the key factors driving the growth of the market. In line with this, the rising demand for smart electricity meters for automatic meter reading and bill generation due to the rising concerns regarding power generation and distribution is favoring the market growth. Moreover, various technological advancements, such as the integration of the Internet of Things (IoT), and the rapid utilization of advanced components and control systems to enhance security, protect data, and maximize uptime during emergencies, are providing an impetus to the market growth. Additionally, the widespread product adoption in smart cities for the detection of leakage in supply, detection of theft, and continuous monitoring of gas, water flow, and electricity is positively impacting the market growth. Apart from this, the increasing demand for electricity from renewable energy and the implementation of various government initiatives to replace existing traditional electric meters are creating a positive outlook for the market.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global smart meters market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, technology and end use.
Breakup by Product:
- Smart Electricity Meter
- Smart Water Meter
- Smart Gas Meter
Breakup by Technology:
- AMI (Advanced Metering Infrastructure)
- AMR (Automatic Meter Reading)
Breakup by End Use:
- Residential
- Commercial
- Industrial
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 Aichi Tokei Denki Co. Ltd., Apator SA, Arad Group, Badger Meter Inc., Diehl Stiftung & Co. KG, Holley Technology Ltd., Itron Inc., Landis+Gyr, Neptune Technology Group Inc. (Roper Technologies Inc.), Schneider Electric SE, Sensus USA Inc. (Xylem Inc.), Shenzhen Kaifa Technology Co. Ltd. and Zenner International GmbH & Co. KG.
Key Questions Answered in This Report:
- How has the global smart meters market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global smart meters market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global smart meters market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1323A615_Report
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 Meters Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Smart Electricity Meter
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Smart Water Meter
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Smart Gas Meter
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Technology
- 7.1 AMI (Advanced Metering Infrastructure)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 AMR (Automatic Meter Reading)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Residential
- 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 Industrial
- 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 Aichi Tokei Denki Co. Ltd.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Apator SA
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Arad Group
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 Badger Meter Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Diehl Stiftung & Co. KG
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Holley Technology Ltd.
- 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 Landis+Gyr
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Neptune Technology Group Inc. (Roper Technologies Inc.)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 Schneider Electric SE
- 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 Sensus USA Inc. (Xylem Inc.)
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 SWOT Analysis
- 14.3.12 Shenzhen Kaifa Technology Co. Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
- 14.3.13 Zenner International GmbH & Co. KG
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.1 Aichi Tokei Denki Co. Ltd.
Product Code: SR1323A615_Report
List of Figures
- Figure 1: Global: Smart Meters Market: Major Drivers and Challenges
- Figure 2: Global: Smart Meters Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Smart Meters Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Smart Meters Market: Breakup by Product (in %), 2022
- Figure 5: Global: Smart Meters Market: Breakup by Technology (in %), 2022
- Figure 6: Global: Smart Meters Market: Breakup by End Use (in %), 2022
- Figure 7: Global: Smart Meters Market: Breakup by Region (in %), 2022
- Figure 8: Global: Smart Meters (Smart Electricity Meter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Smart Meters (Smart Electricity Meter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Smart Meters (Smart Water Meter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Smart Meters (Smart Water Meter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Smart Meters (Smart Gas Meter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Smart Meters (Smart Gas Meter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Smart Meters (AMI (Advanced Metering Infrastructure)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Smart Meters (AMI (Advanced Metering Infrastructure)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Smart Meters (AMR (Automatic Meter Reading)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Smart Meters (AMR (Automatic Meter Reading)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Smart Meters (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Smart Meters (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Smart Meters (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Smart Meters (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Smart Meters (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Smart Meters (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: North America: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: North America: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: United States: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: United States: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Canada: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Canada: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Asia-Pacific: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Asia-Pacific: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: China: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: China: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Japan: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Japan: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: India: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: India: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: South Korea: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: South Korea: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Australia: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Australia: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Indonesia: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Indonesia: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Others: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Others: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Europe: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Europe: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Germany: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Germany: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: France: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: France: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: United Kingdom: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: United Kingdom: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Italy: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Italy: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Spain: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Spain: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Russia: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Russia: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Others: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Others: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Latin America: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Latin America: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Brazil: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Brazil: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Mexico: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Mexico: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Middle East and Africa: Smart Meters Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Middle East and Africa: Smart Meters Market: Breakup by Country (in %), 2022
- Figure 72: Middle East and Africa: Smart Meters Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Global: Smart Meters Industry: SWOT Analysis
- Figure 74: Global: Smart Meters Industry: Value Chain Analysis
- Figure 75: Global: Smart Meters Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Meters Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Smart Meters Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Smart Meters Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 4: Global: Smart Meters Market Forecast: Breakup by End Use (in Million US$), 2023-2028
- Table 5: Global: Smart Meters Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Smart Meters Market: Competitive Structure
- Table 7: Global: Smart Meters Market: Key Players
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