The global smart meters market is estimated to grow at a CAGR of more than 7% during the forecast period. Smart meters are essential components of modern smart grid systems that communicate the information for better clarity to the resource suppliers for monitoring and billing. The market growth is attributed to the increasing digitalization and urbanization, which increase the demand for resources like water, electricity, and gas; thereby, propelling the demand for smart meters. The global market for smart meters is primarily expanding due to the increasing electricity consumption globally. Moreover, government policy mandates, high investments in digital electricity infrastructure, and the development of communication infrastructure are some of the major factors driving the growth of the market.
Market Segmentation
The global smart meters market has been analyzed on the basis of product type, application, technology, and region. By product type, the market is segmented into smart electric meter, smart gas meter, and smart water meter. Among these, the smart electricity meters segment is expected to dominate the market in the forthcoming years. Based on application, the market is segmented into residential, commercial, industrial, and transportation. The residential segment accounted for the largest share of the smart meters market. By technology, the market is segmented into radio frequency (RF) and power line carrier (PLC). Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
The growth of the global smart meters market is characterized by the presence of players operating in the market. Some of the key players in the market include Eaton Corp., Itron Inc., Landis+Gyr, Schneider Electric SA, Siemens AG, Badger Meter, EDMI, Holley Metering Ltd., Neptune Technology Group Inc., Sensus, Honeywell International Inc., Kaifa Technology, Suntront Technology, Kamstrup Company, Aichi Tokei Denkei, Wasion Group, Elster Group, General Electric Co., and Genus Power Infrastructure among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global smart meters market include,
• In August 2021, Adani Total Gas Ltd., which manufactures gas meters bought 50% share of Smartmeters Systems Pvt Ltd. to reinforce its regional footprint and gain considerable market share.
• In December 2020, Calisen was acquired by global consortium Coyote Bidco. Through this acquisition, Bidco aimed to invest in the energy transition sector in UK with a strong opportunity to expand into adjacent sectors.
Global Smart Meter Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players' expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Smart Meter Manufacturers
6.3.2. Key End-Users
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis
7. Rules & Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Smart Meter Market: Key Investment Analysis
9.1. By Leading Smart Meter Manufacturers
9.2. By Region
9.2.1. North America
9.2.2. Western Europe
9.2.3. Eastern Europe
9.2.4. Asia Pacific
9.2.5. Latin America
9.2.6. Middle East and Africa
9.3. M&A Activities
10. Parent Market Overview
10.1. Global Energy & Power Market
10.2. Global Electronics and Semiconductor Market
11. Segmental Analysis
11.1. Global Smart Meter Market by Product Type
11.1.1. Segment Overview
11.1.1.1. Electricity Meter
11.1.1.2. Gas Meter
11.1.1.3. Water Meter
11.2. Global Smart Meter Market by Technology
11.2.1. Segment Overview
11.2.1.1. Radio Frequency (RF)
11.2.1.2. Power Line Carrier (PLC)
11.3. Global Smart Meter Market by Application
11.3.1. Segment Overview
11.3.1.1. Residential
11.3.1.2. Commercial
11.3.1.3. Industrial
11.3.1.4. Transportation
11.4. Global Smart Meter Market by Region
11.4.1. North America
11.4.2. Latin America
11.4.3. Western Europe
11.4.4. Eastern Europe
11.4.5. Asia Pacific
11.4.6. Middle East & Africa
12. Regional Analysis
12.1. North America Smart Meter Market Analysis and Forecast 2019-2028
12.1.1. Market Overview
12.1.2. North America Smart Meter Market by Product Type
12.1.3. North America Smart Meter Market by Application
12.1.4. North America Smart Meter Market by End User
12.1.5. North America Smart Meter Market by Country
12.1.5.1. US
12.1.5.2. Canada
12.2. Latin America Smart Meter Market Analysis and Forecast 2019-2028
12.2.1. Market Overview
12.2.2. Latin America Smart Meter Market by Product Type
12.2.3. Latin America Smart Meter Market by Application
12.2.4. Latin America Smart Meter Market by End User
12.2.5. Latin America Smart Meter Market by Country
12.2.5.1. Brazil
12.2.5.2. Mexico
12.2.5.3. Rest of Latin America
12.3. Western Europe Smart Meter Market Analysis and Forecast 2019-2028
12.3.1. Market Overview
12.3.2. Western Europe Smart Meter Market by Product Type
12.3.3. Western Europe Smart Meter Market by Application
12.3.4. Western Europe Smart Meter Market by End User
12.3.5. Western Europe Smart Meter Market by Country
12.3.5.1. Germany
12.3.5.2. UK
12.3.5.3. France
12.3.5.4. Spain
12.3.5.5. Italy
12.3.5.6. Benelux
12.3.5.7. Nordic
12.3.5.8. Rest of Western Europe
12.4. Eastern Europe Smart Meter Market Analysis and Forecast 2019-2028
12.4.1. Market Overview
12.4.2. Eastern Europe Smart Meter Market by Product Type
12.4.3. Eastern Europe Smart Meter Market by Application
12.4.4. Eastern Europe Smart Meter Market by End User
12.4.5. Eastern Europe Smart Meter Market by Country
12.4.5.1. Russia
12.4.5.2. Poland
12.4.5.3. Rest of Eastern Europe
12.5. Asia Pacific Smart Meter Market Analysis and Forecast 2019-2028
12.5.1. Market Overview
12.5.2. Asia Pacific Smart Meter Market by Product Type
12.5.3. Asia Pacific Smart Meter Market by Application
12.5.4. Asia Pacific Smart Meter Market by End User
12.5.5. Asia Pacific Smart Meter Market by Country
12.5.5.1. China
12.5.5.2. Japan
12.5.5.3. India
12.5.5.4. South Korea
12.5.5.5. Australia
12.5.5.6. ASEAN
12.5.5.7. Rest of Asia-Pacific
12.6. Middle East & Africa Smart Meter Market Analysis and Forecast 2019-2028
12.6.1. Market Overview
12.6.2. Middle East & Africa Smart Meter Market by Product Type
12.6.3. Middle East & Africa Smart Meter Market by Application
12.6.4. Middle East & Africa Smart Meter Market by End User
12.7. Middle East & Africa Smart Meter Market by Country
12.7.1.1. GCC
12.7.1.2. South Africa
12.7.1.3. Turkey
12.7.1.4. Rest of the Middle East & Africa
13. Competitive Landscape
13.1. Competition Dashboard
13.1.1. Global and Regional Market Share Analysis
13.1.2. Market Structure
13.2. Competitive Benchmarking
13.3. Key Strategy Analysis
13.4. Company Profiles
13.4.1. Itron Inc.
13.4.1.1. Company Overview
13.4.1.2. Product/Service Offerings
13.4.1.3. Key Financials
13.4.1.4. Recent Developments
13.4.2. Eaton Corp.
13.4.2.1. Company Overview
13.4.2.2. Product/Service Offerings
13.4.2.3. Key Financials
13.4.2.4. Recent Developments
13.4.3. Landis+Gyr
13.4.3.1. Company Overview
13.4.3.2. Product/Service Offerings
13.4.3.3. Financials
13.4.3.4. Recent Developments
13.4.4. Schneider Electric SA
13.4.4.1. Company Overview
13.4.4.2. Product/Service Offerings
13.4.4.3. Financials
13.4.4.4. Recent Developments
13.4.5. Siemens AG
13.4.5.1. Company Overview
13.4.5.2. Product/Service Offerings
13.4.5.3. Financials
13.4.5.4. Recent Developments
13.4.6. Badger Meter, Inc.
13.4.6.1. Company Overview
13.4.6.2. Product/Service Offerings
13.4.6.3. Financials
13.4.6.4. Recent Developments
13.4.7. EDMI Ltd.
13.4.7.1. Company Overview
13.4.7.2. Product/Service Offerings
13.4.7.3. Financials
13.4.7.4. Recent Developments
13.4.8. Holley Metering Ltd.
13.4.8.1. Company Overview
13.4.8.2. Product/Service Offerings
13.4.8.3. Financials
13.4.8.4. Recent Developments
13.4.9. Neptune Technology Group Inc.
13.4.9.1. Company Overview
13.4.9.2. Product/Service Offerings
13.4.9.3. Financials
13.4.9.4. Recent Developments
13.4.10. Sensus
13.4.10.1. Company Overview
13.4.10.2. Product/Service Offerings
13.4.10.3. Financials
13.4.10.4. Recent Developments
13.4.11. Honeywell International Inc.
13.4.11.1. Company Overview
13.4.11.2. Product/Service Offerings
13.4.11.3. Financials
13.4.11.4. Recent Developments
13.4.12. Kaifa Technology
13.4.12.1. Company Overview
13.4.12.2. Product/Service Offerings
13.4.12.3. Financials
13.4.12.4. Recent Developments
13.4.13. Suntront Tech Co.
13.4.13.1. Company Overview
13.4.13.2. Product/Service Offerings
13.4.13.3. Financials
13.4.13.4. Recent Developments
13.4.14. Kamstrup Company
13.4.14.1. Company Overview
13.4.14.2. Product/Service Offerings
13.4.14.3. Financials
13.4.14.4. Recent Developments
13.4.15. Aichi Tokei Denkei Co. Ltd.
13.4.15.1. Company Overview
13.4.15.2. Product/Service Offerings
13.4.15.3. Financials
13.4.15.4. Recent Developments
13.4.16. Wasion Group
13.4.16.1. Company Overview
13.4.16.2. Product/Service Offerings
13.4.16.3. Financials
13.4.16.4. Recent Developments
13.4.16.5. General electric
13.4.16.6. Company Overview
13.4.16.7. Product/Service Offerings
13.4.16.8. Financials
13.4.16.9. Recent Developments
13.4.17. Genus Power Infrastructure Ltd.
13.4.17.1. Company Overview
13.4.17.2. Product/Service Offerings
13.4.17.3. Financials
13.4.17.4. Recent Developments
14. Disclaimer
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