Global smart meters market is expected
to register growth through 2024, backed by increasing upgrades of transmission
& distribution infrastructure and rising investments in smart grid projects.
Smart meter is an electronic device that records the consumption of electric
energy and communicates the information to electricity suppliers for monitoring
and billing. Smart meters typically record energy hourly or more frequently,
and report at least daily. Growing pressure on conserving natural resources and
government regulations on the use of water, electricity and gas coupled with
the advancements in metering technologies are expected to positively influence
global smart meters market during the forecast period.
In terms of application,
global smart meters market has been categorized into residential, commercial
and industrial segments. Among the applications, the residential category
accounted for a significant portion of global smart meters market in 2018 and
the trend is likely to continue in coming years, owing to increasing
residential construction activities and government mandates such as the
European Union 20-20-20 policy, which aims to convert 80% of the installed
meter base to smart one.
North America smart
meters market accounted for a significant portion of global smart meters market
in 2018. The market for smart meters is booming in the North American region,
majorly due to huge demand for smart meters in the US. The country is focusing
on upgrading and replacing outdated infrastructure, enabling grid reliability,
and installing smarter power networks. Other factors responsible for smart
meters demand in North America are conducive government initiatives including proper
allocation of funds and making smart meters mandatory in many states such as
Texas and California.
The intensity of
rivalry in the smart meters market is moderate. Most of the major vendors in
the industry are actively focusing on research & development to enhance the
quality of existing and upcoming digital meters. They are also focusing on
product launch and partnerships to enhance product features and expand their
consumer base across the globe. Key players in global smart meters market are Schneider
Electric SE, Siemens AG, Honeywell International Inc., Itron Inc., EDMI Limited
and Badger Meter Inc.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast global smart meters market size.
- To forecast global smart meters market based on type,
technology, application and regional distribution.
- To identify drivers and challenges for global smart meters market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in global smart meters market.
- To conduct the pricing analysis for global smart meters market.
- To identify and analyze the profile of leading players operating in
global smart meters market.
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Some of the leading players in global smart meters market
are Schneider Electric SE, Siemens AG, Honeywell International Inc., Itron
Inc., EDMI Limited, Badger Meter Inc., Holley Metering, Limited, ICSA (India)
Ltd., Aclara Technologies LLC, Kamstrup A/S, etc.
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of smart meter manufacturers across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the suppliers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed the product offerings, distribution
channels and presence of all major smart meter manufacturers across the globe.
TechSci Research calculated global smart meters market size
using a bottom-up approach, where data for various end user industries and its
application across various product types were recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company website, news
articles, press releases, company annual reports, investor presentations and
financial reports were also used by TechSci Research.
Key Target
Audience:
- Smart meter manufacturers
- Smart meter suppliers,
distributors and other stakeholders
- Smart meter end user
industries
- Organizations, forums and
alliances related to smart meters market
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as solution providers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global smart meters market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, by Type
- Smart Energy Meters
- Smart Water Meters
- Smart Gas Meters
- Market, by Application
- Industrial
- Commercial
- Residential
- Market, by Technology
- Automatic Meter Reading (AMR)
- Advanced Metering
Infrastructure (AMI)
- Market, by Region:
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Thailand
- Malaysia
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Iran
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global smart meters market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect
sales channel.
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
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be released soon. If you wish an early delivery of this report or want to
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