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Smart Meter Market By Product (Smart Electricity Meter, Smart Gas Meter, and Smart Water Meter), and End Use (Residential, Commercial, and Industrial): Global Opportunity Analysis and Industry Forecast, 2020–2027

A00816
Pages: 200
Oct 2020 | 5630 Views
 
Author(s) : Avinash Savekar , Vineet Kumar
Tables: 87
Charts: 70
 

COVID-19

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Smart Meter Market Outlook – 2027 

The global smart meter market size was valued at $21.13 billion in 2019 and is projected to reach $39.20 billion by 2027, registering a CAGR of 8.80% during the forecast period. Smart meters are electronic devices that accurately monitor electricity, gas, and water usage. These smart meters can send usage information through power line communication, radiofrequency electromagnetic radiation (RF), and cellular communication, helping the utility company to effectively manage the energy usage. Smart meters offer a host of benefits such as reduction of meter reading cost, preventing disconnection, removing inefficiencies in billing, and re-connection costs to corporations and consumers. 

Industrial segment impacted negatively, due to COVID 19 scenario.

The major factor that drives the smart meter market growth is supportive government policies and financial incentives. In addition, large scale installations of the smart meters by the utility companies are focusing on strengthening the distribution of the smart meters. However, high cost of installations of the smart meters borne by end users restrain the growth of the market. Various grid operators and other gas utility and water utility providers are effectively managing the demand for smart meters. However, various benefits offered by the smart meter market such as automatic meter reading and bill generation are further expected to contribute toward the growth of the smart meter industry.

Smart Meter Market

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In recent times, several factors have been integrated to make smart meters more remarkable, reliable, and affordable. The different connectivity technologies used by the smart meters are further spurring the growth of the market. The major benefits offered by the smart meter includes detection of any leakages in the supply, continuous monitoring of the electricity, gas and water flow, detection of any theft in the supply are helping toward the growth of the market. Also, the smart meters help in elimination of the manual monthly meter reading, and optimizes the profit with an existing resources. 

Smart Meter Market
By Product

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Electricity Meter segment is projected to be the most lucrative segment

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Segment Review

The global smart meter market is segmented on the basis of product, end use, and region. On the basis of product, the market is segmented into smart electricity meters, smart water meters, and smart gas meters. In 2019, the electricity meter segment dominated the market in terms of revenue and is anticipated to follow same trend during forecast period. 

Smart Meter Market
By End Use

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Residential segment is expected to secure the leading position throughout the forecast period

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In terms of end use, it is divided into residential, commercial, and industrial. Based on region, the global smart meter market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (France, UK, Spain Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). 

Smart Meter Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region will maintain the dominance with a highest CAGR of 9.5% during 2020-2027

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Top Impacting Factors

Government Initiatives

The global smart meter market is estimated to grow at a significant rate driven by various government initiatives in the leading economies. In addition, the funds from the American Recovery and Reinvestment Act (ARRA) have majorly played a significant role in the growth of the market. Replacement of the old conventional meters and upgrade in the outdated infrastructure, is equally boosting the market growth. The factors responsible for the market demand in the leading countries are the early penetration of the smart meters, conducive government initiatives, and stringent policies of mandating the smart meters in many states such as Texas and California.

Development of Communication Network Infrastructure

The ongoing and continuous development of the communication network infrastructure contributes toward the manufacturing of the advanced level of smart meters. The availability of the network infrastructure such as 5G, 4G, radio frequency, and others, boosts the development of the smart meters. The manufacturers are continuously engaged in production of advanced level of smart meters according to the growing network infrastructure; thus, contributing to the growth of the smart meter industry. 

COVID-19 Scenario Analysis

The smart meter market has been significantly impacted by the COVID-19 outbreak. At the start of the outbreak, the main impact faced by many smart meter manufacturers was supply problems, owing to halted production. Due to lockdown measures, non-essential businesses, and the demand for the residential, commercial and industrial use of the smart meters have been decreased. Consequently, the manufacturing and supply of smart meter is returning to normal levels. Several manufacturers have started witnessing recovery in sales. 

Although the COVID-19 pandemic has forced the field work of several major smart metering projects to pause temporarily, the market is nonetheless expected to remain robust with the cumulative number of smart meter shipments being largely unaffected over a three-year period.

Competitive Analysis

Competitive analysis and profiles of the major smart meter market players, such as Itron Inc., Landis+Gyr, Schneider Electric SA, Siemens AG, Badger Meter, EDMI, Holley Metering Limited, Neptune Technology Group Inc., Sensus, and Honeywell International Inc. are provided in this report. These key players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their smart meter market penetration.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global smart meter market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall smart meter market analysis is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and smart meter market opportunities with a detailed impact analysis. 
  • The current smart meter market forecast is quantitatively analyzed from 2017 to 2027 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the smart meter market share of key vendors.  
  • The report includes the market trends and the market share of key vendors.

Smart Meter Market Key Segments

By Product

  • Smart Electric Meters
  • Smart Water Meters
  • Smart Gas Meters

By End Use

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • UK    
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China 
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Market Players

  • Itron Inc.
  • Landis+Gyr
  • Schneider Electric SA
  • Siemens AG
  • Badger Meter
  • EDMI
  • Holley Metering Limited
  • Neptune Technology Group Inc.
  • Sensus
  • Honeywell International Inc. 
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Development of Communication Network Infrastructure
3.5.1.2.Government Initiatives
3.5.1.3.High investments in digital electricity infrastructure

3.5.2.Restraints

3.5.2.1.High cost of installations of the smart meters

3.5.3.Opportunity

3.5.3.1.Developing Smart City Project

3.6.COVID-19 Impact Analysis

CHAPTER 4:SMART METERS MARKET, BY PRODUCT

4.1.Overview
4.2.Electricity Meter

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.4.Market analysis, by country

4.3.Gas Meter

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Water Meter

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:SMART METERS MARKET, BY END USE

5.1.Overview
5.2.Residential

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Commercial

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Industrial

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

CHAPTER 6:SMART METERS MARKET, BY REGION

6.1.Overview
6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by product
6.2.3.Market size and forecast, by end use
6.2.4.Market analysis, by country

6.2.4.1.U.S.

6.2.4.1.1.Market size and forecast, by product
6.2.4.1.2.Market size and forecast, by end use

6.2.4.2.Canada

6.2.4.2.1.Market size and forecast, by product
6.2.4.2.2.Market size and forecast, by end use

6.2.4.3.Mexico

6.2.4.3.1.Market size and forecast, by product
6.2.4.3.2.Market size and forecast, by end use

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by product
6.3.3.Market size and forecast, by end use
6.3.4.Market analysis, by country

6.3.4.1.UK

6.3.4.1.1.Market size and forecast, by product
6.3.4.1.2.Market size and forecast, by end use

6.3.4.2.Spain

6.3.4.2.1.Market size and forecast, by product
6.3.4.2.2.Market size and forecast, by end use

6.3.4.3.France

6.3.4.3.1.Market size and forecast, by product
6.3.4.3.2.Market size and forecast, by end use

6.3.4.4.Italy

6.3.4.4.1.Market size and forecast, by product
6.3.4.4.2.Market size and forecast, by end use

6.3.4.5.Rest of Europe

6.3.4.5.1.Market size and forecast, by product
6.3.4.5.2.Market size and forecast, by end use

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by product
6.4.3.Market size and forecast, by end use
6.4.4.Market analysis, by country

6.4.4.1.China

6.4.4.1.1.Market size and forecast, by product
6.4.4.1.2.Market size and forecast, by end use

6.4.4.2.Japan

6.4.4.2.1.Market size and forecast, by product
6.4.4.2.2.Market size and forecast, by end use

6.4.4.3.India

6.4.4.3.1.Market size and forecast, by product
6.4.4.3.2.Market size and forecast, by end use

6.4.4.4.South Korea

6.4.4.4.1.Market size and forecast, by product
6.4.4.4.2.Market size and forecast, by end use

6.4.4.5.Rest of Asia-Pacific

6.4.4.5.1.Market size and forecast, by product
6.4.4.5.2.Market size and forecast, by end use

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by product
6.5.3.Market size and forecast, by end use
6.5.4.Market analysis, by country

6.5.4.1.Latin America

6.5.4.1.1.Market size and forecast, by product
6.5.4.1.2.Market size and forecast, by end use

6.5.4.2.Middle East & Africa

6.5.4.2.1.Market size and forecast, by product
6.5.4.2.2.Market size and forecast, by end use

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market player positioning, 2019
7.2.Competitive dashboard
7.3.Competitive heatmap
7.4.Key developments

7.4.1.New product launches
7.4.2.Collaborations
7.4.3.Other Developments

CHAPTER 8:COMPANY PROFILES

8.1.HONEYWELL INTERNATIONAL INC.

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.R&D Expenditure
8.1.6.Business performance
8.1.7.Key strategic moves and developments

8.2.SCHNEIDER ELECTRIC

8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.R&D Expenditure
8.2.7.Business performance

8.3.SIEMENS AG

8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.R&D Expenditure
8.3.7.Business performance
8.3.8.Key strategic moves and developments

8.4.Itron Inc.

8.4.1.Company overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.R&D Expenditure
8.4.7.Business performance
8.4.8.Key strategic moves and developments

8.5.Landis+Gyr

8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Product portfolio
8.5.5.R&D Expenditure
8.5.6.Business performance
8.5.7.Key strategic moves and developments

8.6.Badger Meter, Inc.

8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Product portfolio
8.6.5.R&D Expenditure
8.6.6.Business performance
8.6.7.Key strategic moves and developments

8.7.Sensus (Xylem)

8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.R&D Expenditure
8.7.7.Business performance
8.7.8.Key strategic moves and developments

8.8.Holley Technology LTD.

8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Product portfolio

8.9.EDMI Limited

8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Product portfolio
8.9.5.Key strategic moves and developments

8.10.Neptune Technology Group Inc.

8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot.
8.10.4.Product portfolio
8.10.5.Key strategic moves and developments

8.11.Zilog, Inc.

8.11.1.Company overview
8.11.2.Company snapshot
8.11.3.Product portfolio

LIST OF TABLES

TABLE 01.GLOBAL SMART METERS MARKET, BY PRODUCT, 2019-2027 ($MILLION)
TABLE 02.ELECTRICITY METER MARKET, BY REGION, 2019-2027 ($MILLION)
TABLE 03.GAS METERS MARKET, BY REGION 2019-2027 ($MILLION)
TABLE 04.WATER METERS MARKET, BY REGION 2019-2027 ($MILLION)
TABLE 05.GLOBAL SMART METERS MARKET, BY END USE, 2019-2027($MILLION)
TABLE 06.SMART METERS MARKET FOR RESIDENTIAL, BY REGION 2019-2027 ($MILLION)
TABLE 07.SMART METERS MARKET FOR COMMERCIAL, BY REGION 2019-2027 ($MILLION)
TABLE 08.SMART METERS MARKET FOR INDUSTRIAL, BY REGION 2019-2027 ($MILLION)
TABLE 09.SMART METERS MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 10.NORTH AMERICA SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 11.NORTH AMERICA SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 12.U.S. SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 13.U.S. SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 14.CANADA SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 15.CANADA SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 16.MEXICO SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 17.MEXICO SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 18.EUROPE SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 19.EUROPE SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 20.UK SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 21.UK SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 22.SPAIN SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 23.SPAIN SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 24.FRANCE SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 25.FRANCE SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 26.ITALY SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 27.ITALY SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 28.REST OF EUROPE SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 29.REST OF EUROPE SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 30.ASIA-PACIFIC SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 31.ASIA-PACIFIC SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 32.CHINA SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 33.CHINA SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 34.JAPAN SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 35.JAPAN SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 36.INDIA SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 37.INDIA SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 38.SOUTH KOREA SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 39.SOUTH KOREA SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 40.REST OF ASIA-PACIFIC SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 41.REST OF ASIA-PACIFIC SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 42.LAMEA SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 43.LAMEA SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 44.LATIN AMERICA SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 45.LATIN AMERICA SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 46.MIDDLE EAST & AFRICA SMART METERS MARKET, BY PRODUCT, 2019–2027 ($MILLION)
TABLE 47.MIDDLE EAST & AFRICA SMART METERS MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 48.KEY NEW PRODUCT LAUNCHES (2018-2020)
TABLE 49.KEY COLLABORATIONS (2018-2020)
TABLE 50.OTHER DEVELOPMENTS (2018 – 2020)
TABLE 51.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 52.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 53.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 54.HONEYWELL INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 55.KEY EXECUTIVES
TABLE 56.SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 57.SCHNEIDER ELECTRIC: OPERATING SEGMENTS
TABLE 58.SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 59.KEY EXECUTIVES
TABLE 60.SIEMENS AG: COMPANY SNAPSHOT
TABLE 61.SIEMENS AG: OPERATING SEGMENTS
TABLE 62.SIEMENS AG: PRODUCT PORTFOLIO
TABLE 63.ITRON INC.: KEY EXECUTIVES
TABLE 64.ITRON INC.: COMPANY SNAPSHOT
TABLE 65.ITRON INC.: OPERATING SEGMENTS
TABLE 66.ITRON INC.: PRODUCT PORTFOLIO
TABLE 67.LANDIS+GYR: KEY EXECUTIVES
TABLE 68.LANDIS+GYR: COMPANY SNAPSHOT
TABLE 69.LANDIS+GYR: PRODUCT PORTFOLIO
TABLE 70.BADGER METER, INC.: KEY EXECUTIVES
TABLE 71.BADGER METER, INC.:COMPANY SNAPSHOT
TABLE 72.BADGER METER, INC.: PRODUCT PORTFOLIO
TABLE 73.SENSUS: KEY EXECUTIVES
TABLE 74.SENSUS:COMPANY SNAPSHOT
TABLE 75.SENSUS (XYLEM): OPERATING SEGMENTS
TABLE 76.SENSUS: PRODUCT PORTFOLIO
TABLE 77.HOLLEY TECHNOLOGY LTD.: KEY EXECUTIVES
TABLE 78.HOLLEY TECHNOLOGY LTD.: COMPANY SNAPSHOT
TABLE 79.HOLLEY TECHNOLOGY LTD.: PRODUCT PORTFOLIO
TABLE 80.EDMI LIMITED.: KEY EXECUTIVES
TABLE 81.EDMI LIMITED:COMPANY SNAPSHOT
TABLE 82.EDMI LIMITED: PRODUCT PORTFOLIO
TABLE 83.NEPTUNE TECHNOLOGY GROUP INC.: KEY EXECUTIVES
TABLE 84.NEPTUNE TECHNOLOGY GROUP INC.: COMPANY SNAPSHOT
TABLE 85.NEPTUNE TECHNOLOGY GROUP INC.: PRODUCT PORTFOLIO
TABLE 86.ZILOG, INC.: COMPANY SNAPSHOT
TABLE 87.ZILOG, INC.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03.EXECUTIVE SUMMARY, BY REGION
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2018-2020*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2018-2020*
FIGURE 09.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 10.LOW TO MODERATE THREAT OF NEW ENTRANTS
FIGURE 11.MODERATE THREAT OF SUBSTITUTES
FIGURE 12.MODERATE TO HIGH INTENSITY OF RIVALRY
FIGURE 13.LOW BARGAINING POWER OF BUYERS
FIGURE 14.GLOBAL SMART METERS MARKET SHARE, BY PRODUCT, 2019–2027 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS ELECTRICITY METER MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS GAS METERS MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS WATER METERS MARKET, BY COUNTRY, 2019 & 2027 (%)
FIGURE 18.GLOBAL SMART METERS MARKET SHARE, BY END USE, 2019–2027 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF SMART METERS MARKET FOR RESIDENTIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF SMART METERS MARKET FOR COMMERCIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF SMART METERS MARKET FOR INDUSTRIAL, BY COUNTRY, 2019 & 2027 (%)
FIGURE 22.SMART METERS MARKET, BY REGION, 2019-2027 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA SMART METERS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 24.U.S. SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 25.CANADA SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 26.MEXICO SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF EUROPE SMART METERS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 28.UK SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 29.SPAIN SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 30.FRANCE SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 31.ITALY SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 32.REST OF EUROPE SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 33.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC SMART METERS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 34.CHINA SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 35.JAPAN SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 36.INDIA SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 37.SOUTH KOREA SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 38.REST OF ASIA-PACIFIC SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 39.COMPARATIVE SHARE ANALYSIS OF LAMEA SMART METERS MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 40.LATIN AMERICA SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 41.MIDDLE EAST & AFRICA SMART METERS MARKET, 2019–2027 ($MILLION)
FIGURE 42.MARKET PLAYER POSITIONING, 2019
FIGURE 43.COMPETITIVE DASHBOARD
FIGURE 44.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 45.HONEYWELL INTERNATIONAL INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 46.HONEYWELL INTERNATIONAL INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 47.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 48.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 49.SCHNEIDER ELECTRIC, 2017–2019 ($MILLION)
FIGURE 50.SCHNEIDER ELECTRIC: REVENUE, 2017–2019 ($MILLION)
FIGURE 51.SCHNIEDER ELECTRIC: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 52.SCHNEIDER ELECTRIC: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 53.SIEMENS AG, 2017–2019 ($MILLION)
FIGURE 54.SIEMENS AG: REVENUE, 2017–2019 ($MILLION)
FIGURE 55.SIEMENS AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 56.SIEMENS AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 57.ITRON INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 58.ITRON INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 59.ITRON INC.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 60.ITRON INC.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 61.LANDIS+GYR: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 62.LANDIS+GYR: NET SALES, 2017–2019 ($MILLION)
FIGURE 63.LANDIS+GYR: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 64.BADGER METER, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 65.BADGER METER, INC.: NET SALES, 2016–2018 ($MILLION)
FIGURE 66.BADGER METER, INC.: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 67.SENSUS (XYLEM): R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 68.SENSUS (XYLEM): NET SALES, 2017–2019 ($MILLION)
FIGURE 69.SENSUS (XYLEM): REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 70.SENSUS (XYLEM): REVENUE SHARE, BY REGION, 2019 (%)

 
 

Smart meters are the electronic devices that records and analyses consumption of electrical energy and sends back the information to the respective electricity supplier for billing and the regulation. The smart meter automatically detects any theft or tampering in the electricity and alerts the company about it. The data gathered through the smart electricity meter permits the energy distributers and the utility companies to enhance the power distribution losses across the grid.  

The major factor that drives the smart meter market is supportive government policies and financial incentives. In addition, large scale installations of the smart meters by the utility companies are focusing on strengthening the distribution of smart meters. However, high cost of installations of the smart meters borne by end users restrain the growth of the smart meter market. Various grid operators and other gas utility and water utility providers are effectively managing the demand for smart meters. However, various benefits offered by the smart meter market such as automatic meter reading and bill generation are further expected to contribute toward the growth of the smart meter market. 

The report focuses on the growth prospects, restraints, and trends of the smart meter market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers in the smart meter market. 
 

 
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A. The Smart Meter Market is estimated to grow at a CAGR of 8.80% from 2020 to 2027.

A. The Smart Meter Market is projected to reach $39.20 billion by 2027.

A. To get the latest version of sample report

A. Supportive government policies and financial incentives boosts the Smart Meter market growth.

A. The key players profiled in the report includeItron Inc., Landis+Gyr, Schneider Electric SA, Siemens AG, Badger Meter, EDMI, Holley Metering Limited, Neptune Technology Group Inc., and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Smart Meter Market is segmented on the basis of product, end use, and region.

A. The key growth strategies of Smart Meter market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Electricity Meter segment holds a dominant position throughout the forecast period.

A. Residential segment is expected to secure the leading position throughout the forecast period.

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