Global Smart Electric Meter Market 2022-2028

Description

List of Tables

Global Smart Electric Meter Market Size, Share & Trends Analysis Report, By Communication Technology (Power Line Communication, Cellular, and Radio Frequency), By Phase (Single Phase, and Three Phase), By End-User (Residential, Commercial, and Industrial), Forecast (2022-2028)

The global smart electric meter market is anticipated to grow at a considerable CAGR of 7.6% during the forecast period. The growth of the global smart electric meter market during the forecast period can be attributed to the increased need for efficient data monitoring systems coupled with improved cost savings as well as the increasing emphasis on renewable energy sources across the globe.

The global smart electric meter market is segmented based on application, technology, material, and shale type. Based on the communication technology, the market is sub-segmented power line communication, cellular, and radiofrequency. Based on phase, the market is segmented intoa single phase, and three-phase. And, based on the end-user, the market is segmented into residential, commercial, and industrial. Among these, the three-phase meters segment is anticipated to grow during the forecast period. Three-phase meters are used in industrial applications and large commercial applications. The premium price for the three-phase meters over the single-phase meters coupled with the growing number of industries and commercial facilities is driving the installations of the three-phase smart electric meters.

Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Europeholds a prominent share in the marketdue tothe smart grid projects. Furthermore, Asia-Pacific is anticipated to hold the market share followingEurope due to theincreased smart meter rollouts due to government initiatives and policies in growing markets such as countries like China, Japan and South Korea.

The major companies serving the global smart electric meter market includeItron, Inc., Sensus, Sagemcom, and Wasion Group, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships, geographical expansionand collaborations to stay competitive in the market. For instance, in July 2020, UAB ElgamaElektronika, a holding subsidiary of Jiangsu Linyang Energy Co., LTD. announced the winning of the bidding of the Smart electricity meter project of PGE Dystrybucja S.A. and Innogy Stoen Operator.

Research Methodology

The market study of the globalsmart electric meter marketis incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. GlobalSmart Electric Meter MarketResearch and Analysis, ByCommunication Technology

2. Global Smart Electric Meter Market Research and Analysis, By Phase

3. Global Smart Electric Meter Market Research and Analysis, By End-User

The Report Covers

Comprehensive research methodology of the global smart electric meter market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the globalsmart electric meter market.
Insights about market determinants that are stimulating the globalsmart electric meter market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: ICT-1106

Category- Power & Energy

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Smart Electric Meter Market
Recovery Scenario of Global Smart Electric Meter Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Smart Electric Meter Market by Communication Technology
- 4.1.1. Power Line Communication
- 4.1.2. Cellular
- 4.1.3. Radio Frequency
4.2. Global Smart Electric Meter Market by Phase
- 4.2.1. Single Phase
- 4.2.2. Three Phase
4.3. Global Smart Electric Meter Market by End-User
- 4.3.1. Residential
- 4.3.2. Commercial
- 4.3.3. Industrial

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Aclara Technologies LLC
6.2. ELSTER GROUP SE
6.3. GE Grid Solutions
6.4. HOLLEY METERING
6.5. Iskraemeco, d.d.
6.6. Itron
6.7. KAMSTRUP
6.8. LANDIS+GYR
6.9. NuriFlex
6.10. SAGEMCOM
6.11. SCHNEIDER ELECTRIC SE
6.12. SENSUS
6.13. SIEMENS ENERGY
6.14. S&T AG
6.15. Tantalus Systems Holding Inc
6.16. TOSHIBA CORP
6.17. Trilliant Holdings, Inc.
6.18. WASION GROUP
6.19. ZIV Automation