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Market Research Report

Smart Meters Market: By Type (Electric, Water, Gas); By End Users (Residential, Commercial, Industrial); By Geography (North America, Europe, APAC, RoW)- With Forecast 2019-2024

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Smart Meters Market: By Type (Electric, Water, Gas); By End Users (Residential, Commercial, Industrial); By Geography (North America, Europe, APAC, RoW)- With Forecast 2019-2024
Published: December 15, 2018 Content info:

Conventionally, people have been recording the consumption of their house hold electricity manually but, with the advent of technology humans are getting replaced by machines and these are referred to as smart machines. One such innovation is smart meters, which are a new kind of energy meter. This "next generation" of meters are replacement for existing meters and send electronic meter readings to energy supplier automatically .Smart meters can be divided into electric meters, gas and water meters.

Smart meters work with a smart energy monitor, that can be placed anywhere in home, to show how much energy is getting used and an indication of how much it's costing . Both gas and electricity consumption can be viewed. When we get to know the consumption and cost incurring we can increase our saving by making some of the appropriate changes.

The global market for smart meters market is estimated to be $XX billion in 2015. The global market for smart meters market is estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. The smart meters are forecast to have the highest growth of X% during the forecast period 2016-2021. North America and Asia alone are estimated to occupy a share of more than XX% during 2016-2021.

The Americas held the largest market share of XX%. In North America, the U.S. is the largest market and is expected to continue its dominance in the smart meters industry. The country is currently focusing on upgrading and replacing aging infrastructure, improving grid reliability and enabling smarter power networks.

However, using metering devices that are capable of handling intermittent supply help in compensating for this loss by controlling energy consumption of electronic equipment. Growing awareness among consumers pertaining to their benefits is also expected to favorably impact smart electricity meter market growth.

Smart Meters Tomorrow's Intelligent Metering

Smart metering systems form the interface between consumers and smart grids and hence, such systems require meters with communication capabilities that transparently provide the customer in near real-time with current information about their energy consumption and their energy costs. Some of the main factors driving the smart meters market include stringent government policies, rise in smart grid deployment, growing demand for energy, increasing investments in power sector and utilities coupled with urge in enhancing their distribution efficiency.

Table of Contents

Table of Contents

1. Market Overview

2. Executive Summary

3. Smart Meters Market Landscape

  • 3.1. Market Share Analysis
  • 3.2. Comparative Analysis
    • 3.2.1. Product Benchmarking
    • 3.2.2. End user Profiling
    • 3.2.3. Top 5 Financials Analysis

4. Smart Meters Market-Forces

  • 4.1. Market Drivers
  • 4.2. Market Constraints & Challenges
  • 4.3. Attractiveness of the Smart Meters Industry
    • 4.3.1. Power of Suppliers
    • 4.3.2. Threats From New Entrants
    • 4.3.3. Power of Buyer
    • 4.3.4. Threat From Substitute Product
    • 4.3.5. Degree of Competition

5. Smart Meters Market-Strategic Analysis

  • 5.1. Smart Meters Market - Value Chain Analysis
  • 5.2. Pricing Analysis
  • 5.3. Opportunity Analysis
  • 5.4. Product Life Cycle
  • 5.5. Suppliers and Distributors

6. Smart Meters Market- By Type

  • 6.1. Electric meter
  • 6.2. Water meter
  • 6.3. Gas meter

7. Smart Meters Market- By End Users

  • 7.1. Residential
  • 7.2. Commercial
  • 7.3. Industrial

8. Smart Meters Market- By Geography

  • 8.1. North America
    • 8.1.1. U.S.
    • 8.1.2. Canada
    • 8.1.3. Mexico
    • 8.1.4. Rest of North America
  • 8.2. Europe
    • 8.2.1. U.K.
    • 8.2.2. Germany
    • 8.2.3. Italy
    • 8.2.4. Rest of Europe
  • 8.3. APAC
    • 8.3.1. China
    • 8.3.2. South Korea
    • 8.3.3. Japan
    • 8.3.4. India
    • 8.3.5. Rest of APAC
  • 8.4. Rest of The World (RoW)
    • 8.4.1. MEA
    • 8.4.2. Oceania
    • 8.4.3. Others

9. Smart Meters Market Entropy

  • 9.1. New Product Developments
  • 9.2. Product Launches, JVs and Mergers and Acquisitions

10. Company Profiles

  • 10.1. Smart Instruments Co. Pvt. Ltd
  • 10.2. Energy Intellect Ltd
  • 10.3. Smart building services Pvt. Ltd
  • 10.4. Triacta power solutions LP
  • 10.5. Sensus
  • 10.6. Meters UK
  • 10.7. Fenghua sanlian water meter co., Ltd
  • 10.8. Alan Anderson
  • 10.9. Digital meter co
  • 10.10. City meter, Inc.
  • 10.11. Jenco Instruments, Inc.
  • 10.12. Upsco, Inc.
  • 10.13. Secure meters Ltd
  • 10.14. Itron Inc.
  • 10.15. Elster Group
  • 10.16. Landis + Gyr
  • 10.17. Siemens AG
  • 10.18. Schneider Electric SA
  • 10.19. Badger Meter
  • 10.20. Circuator SA
  • 10.21. Holley Metering Limited

More than 40 Companies are profiled in this Research Report, Complete List available on Request*

"*Financials would be provided on a best efforts basis for private companies"

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