HOME Top Market Reports Smart Meters Market by Type (Smart Electric Meters, Smart Water Meters, Smart Gas Meters), by End User (Industrial & Commercial and Residential), & Region (Americas, Asia-Pacific, Europe & RoW) - Trends and Forecast to 2019

Smart Meters Market by Type (Smart Electric Meters, Smart Water Meters, Smart Gas Meters), by End User (Industrial & Commercial and Residential), & Region (Americas, Asia-Pacific, Europe & RoW) - Trends and Forecast to 2019

By: marketsandmarkets.com
Publishing Date: March 2015
Report Code: EP 3297

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Smart Meters are communicable devices that send energy usage information via radiofrequency electromagnetic radiation (RF) to a utility company. Smart meters help to reduce meter reading cost, inefficiencies in billing, disconnection and re-connection costs to the corporations, utilities as well as consumers. 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 urge in enhancing their distribution efficiency.

Global smart meters market size is estimated to be around USD 11.18 Billion in 2014 and is expected to grow at a CAGR of 10.2% during 2014-2019. Smart meters market is segmented on the basis of type, end-user, and region. The years considered for the study are:

  • Historical Year – 2012
  • Base Year – 2013
  • Estimated Year – 2014
  • Projected Year – 2019
  • Forecast Period – 2014 to 2019

For company profiles in the report, 2013 has been considered. Where information is unavailable for the base year, the prior year has been considered.

Research Methodology

This research study involves extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial aspects of smart meters. The below explain the research methodology.

  • Identification of smart meter mandates by government in different countries
  • Analysis of country-wise installed smart meters for the past three years
  • Estimation of cost of smart meters in various regions using the cost variance models
  • Secondary has been conducted to find out smart meters based on type required across different industries and the residential sector
  • Analysing market trends in various regions/ and countries supported by the on-going industrial activities, and increasing investments in power sector
  • Overall market size values are finalized by triangulation with the supply side data which include the product developments, supply chain and annual shipments of smart meters across the globe

After arriving at the overall market size the total market has been split into several segments and sub-segments. The figure below shows the break-down of the primaries on the basis of company, designation, and region, conducted during the research study.

Smart Meters Market

Smart Meters Market

The report caters to smart meter manufacturers, dealers, and suppliers, raw material providers, consulting companies in the energy and power sector, government and research organizations, government utility providers, private utility providers, private customers, network operators, metering companies, smart grid players, venture capital firms, and investment banks.

Scope of the Report

  • By Type
    • Smart Electric Meters
    • Smart Water Meters
    • Smart Gas Meters
  • By End User
    • Residential
    • Commercial & Industrial
  • By Region
    • Americas
    • Europe
    • APAC
    • RoW

Market share analysis, by revenue, of the top companies is also included in the report. The scope accordingly aids market participants to identify high growth markets and help managing key investment decisions. For this report, major players in the smart meters market have been identified via various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing people.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the Company’s specific needs. The following customization options are available for the report:

Regional Analysis

Further breakdown of smart meters market into countries by end-users

Company Information

Detailed analysis and profiling of additional market players (Up-to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered For the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
      2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
    2.1.3 Key Data From Primary Sources
      2.1.3.1 Key Industry Insights
      2.1.3.2 Breakdown of primaries
    2.2 Factor Analysis
           2.2.1 Introduction
           2.2.2 Demand Side Analysis
                    2.2.2.1 Increasing Power Consumption
                    2.2.2.2 Precise Metering of Water Consumption
                    2.2.2.3 Utilities Urge in Enhancing Their Distribution Efficiency
           2.2.3 Supply Side Analysis
                    2.2.3.1 Managing Demand By Grid Operators
    2.3 Market Size Estimation
    2.3.1 Bottom-Up Approach
    2.3.2 Top-Down Approach
    2.4 Market Breakdown & Data Triangulation
    2.5 Research Assumptions & Limitations
    2.5.1 Assumptions
    2.5.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Asia-Pacific: the Largest Market During the Forecast Period For Smart Meters Market
    4.2 Smart Meters Market, By Type,2014-2019 
    4.3 Smart Meters Market Size, By End-User, 2019
    4.4 Smart Meters Market Size, By Type, 2019 
    4.5 Smart Meters Market: Major Countries (By Value), 2014 & 2019
    4.6 Americas Smart Meters Market
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Government Policies
                    5.2.1.2 Energy Conservation
                    5.2.1.3 Increasing Smart Grid Deployment
                    5.2.1.4 Utilities’ Urge to Enhance Distribution Efficiency
           5.2.2 Restraint
                    5.2.2.1 High Installation Costs For End-Users
           5.2.3 Opportunity
                    5.2.3.1 Grid Operators Managing the Demand For Power
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness Among Consumers
                    5.2.4.2 Design and Maintenance of Smart Meters
                    5.2.4.3 Lack of Interoperability
      5.2.4.4 Improper Installation Of Smart Meters
    5.3 Impact of Market Dynamics

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Key Influencers
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of Substitutes
           6.3.2 Threat of New Entrants
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Rivalry

7 Smart Meters Market, By Type (Page No. - 48)
    7.1 Introduction
           7.1.1 Smart Electric Meters
                    7.1.1.1 By Region
           7.1.2 Smart Water Meters
                    7.1.2.1 By Region
           7.1.3 Smart Gas Meters
                    7.1.3.1 By Region

8 Smart Meters Market, By End-User (Page No. - 61)
    8.1 Introduction
           8.1.1 Industrial & Commercial Smart Meters Market
                    8.1.1.1 By Region
           8.1.2 Residential Smart Meters Market
                    8.1.2.1 By Region

9 Smart Meters Market, By Region (Page No. - 69)
    9.1 Introduction
    9.2 By Region
    9.3 Americas
           9.3.1 By Country
    9.4 Europe
           9.4.1 By Country
    9.5 Asia-Pacific
           9.5.1 By Country
    9.6 Rest of the World
           9.6.1 By Country

10 Competitive Landscape (Page No. - 104)
     10.1 Overview
     10.2 Smart Meters Market Share Analysis, By Key Players
     10.3 Market Share Analysis, By Key Players
     10.4 Competitive Situation & Trends
             10.4.1 New Product Launches
             10.4.2 Contracts & Agreements
             10.4.3 Mergers & Acquisitions
             10.4.4 Product Developments
             10.4.5 Other Developments

11 Company Profiles (Page No. - 116)
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     11.1 Introduction
     11.2 Itron Inc.
     11.3 Elster Group SE
     11.4 Landis+GYR
     11.5 Siemens AG
     11.6 Schneider Electric SA
     11.7 Badger Meter Inc.
     11.8 Circutor SA
     11.9 Edmi
     11.10 Holley Metering Limited
     11.11 Honeywell International Inc.
     11.12 Icsa (India) Limited
     11.13 Iskraemeco
     11.14 Neptune Technology Group Inc.
     11.15 Sensus
     11.16 Sentec Ltd.
*Details on Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not be Captured in Case of Unlisted Companies.     

12 Appendix (Page No. - 173)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Avaliable Customizations
     12.5 Related Reports

List of Tables (66 Tables)

Table 1 Impact of Market Dynamics
Table 2 Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 3 Smart Meters Market Size, By Type, 2012-2019 (Unit Shipment, Million)
Table 4 Smart Electric Meters Market Size, By Region, 2012-2019 ($Million)
Table 5 Smart Electric Meters Market Size, By Region, 2012-2019 (Unit Shipment, Million)
Table 6 Smart Electric Meters Market Size, By End-User, 2012-2019 ($Million)
Table 7 Smart Electric Meters Market Size, By End-User, 2012-2019 (Unit Shipment, Million)
Table 8 Smart Electric Meters Market Size, By Top Country, 2012-2019 ($Million)
Table 9 Smart Water Meters Market Size, By Region, 2012-2019 ($Million)
Table 10 Smart Water Meters Market Size, By Region, 2012-2019 (Unit Shipment, Million)
Table 11 Smart Water Meters Market Size, By End-User, 2012-2019 ($Million)
Table 12 Smart Water Meters Market Size, By End-User, 2012-2019 (Unit Shipment, Million)
Table 13 Smart Water Meters Market Size, By Country, 2012-2019 ($Million)
Table 14 Smart Gas Meters Market Size, By Region, 2012-2019 ($Million)
Table 15 Smart Gas Meters Market Size, By Region, 2012-2019 (Unit Shipment, Million)
Table 16 Smart Gas Meters Market Size, By End-User, 2012-2019 ($Million)
Table 17 Smart Gas Meters Market Size, By End-User, 2012-2019 (Unit Shipment, Million)
Table 18 Smart Gas Meters Market Size, By Country, 2012-2019 ($Million)
Table 19 Smart Meters Market Size, By End-User, 2012-2019 ($Million)
Table 20 Smart Meters Market Size, By End-User, 2012-2019 (Unit Shipment, Million)
Table 21 Industrial & Commercial Smart Meters Market Size, By Region, 2012-2019 ($Million)
Table 22 Industrial & Commercial Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 23 Residential Smart Meters Market Size, By Region, 2012-2019 ($Million)
Table 24 Residential Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 25 Smart Meters Market Size, By Region, 2012-2019 ($Million)
Table 26 Smart Meters Market Size, By Region, 2012-2019 (Unit Shipment, Million)
Table 27 Smart Meters Market Size, By Top Five Country, 2012-2019 ($Million)
Table 28 Americas: Smart Meters Market Size, By Country, 2012-2019 ($Million)
Table 29 Americas: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 30 Americas: Smart Meters Market Size, By Type, 2012-2019 (Unit Shipment, Million)
Table 31 Americas: Smart Meters Market Size, By End-User, 2012-2019 ($Million)
Table 32 U.S.: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 33 Canada: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 34 Rest of the Americas: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 35 Europe: Smart Meters Market Size, By Country, 2012-2019 ($Million)
Table 36 Europe: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 37 Europe: Smart Meters Market Size, By Type, 2012-2019 (Unit Shipment, Million)
Table 38 Europe: Smart Meters Market Size, By End-User, 2012-2019 ($Million)
Table 39 Italy: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 40 Sweden: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 41 U.K.: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 42 Spain: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 43 Germany: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 44 Rest of Europe: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 45 Asia-Pacific: Smart Meters Market Size, By Country, 2012-2019 ($Million)
Table 46 Asia-Pacific: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 47 Asia-Pacific: Smart Meters Market Size, By Type, 2012-2019 (Unit Shipment, Million)
Table 48 Asia-Pacific: Smart Meters Market Size, By End-User, 2012-2019 ($Million)
Table 49 China: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 50 Australia: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 51 Japan: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 52 India: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 53 South Korea: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 54 Rest of Asia-Pacific: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 55 Row: Smart Meters Market Size, By Country, 2012-2019 ($Million)
Table 56 Row: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 57 Row: Smart Meters Market Size, By Type, 2012-2019 (Unit Shipment, Million)
Table 58 Row: Smart Meters Market Size, By End-User, 2012-2019 ($Million)
Table 59 UAE: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 60 Saudi Arabia: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 61 Others: Smart Meters Market Size, By Type, 2012-2019 ($Million)
Table 62 New Product Launches, 2013-2015
Table 63 Contracts & Agreements, 2013-2014
Table 64 Mergers & Acquisitions, 2011-2014
Table 65 New Product Developments, 2014-2015
Table 66 Other Developments, 2013-2015

List of Figures (53 Figures)

Figure 1 Markets Covered: Smart Meters Market
Figure 2 Smart Meters Market: Research Design
Figure 3 Increase in Power Consumption in the Top 10 Country (2009 & 2013)
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Assumptions of the Research Study
Figure 7 Limitations of the Research Study
Figure 8 Electricity Smart Meters is Expected to Hold the Largest Market Share in the Next Five Years
Figure 9 Smart Meters Market Share (Value), By End-User, 2014 & 2019
Figure 10 Europe is Expected to Grow at the Highest CAGR During the Forecast Period 2014-2019
Figure 11 Attractive Market Opportunities in the Smart Meters Market
Figure 12 Smart Meters Market Share (Value), By Country, 2013
Figure 13 Smart Gas Meters is the Fastest Growing Market in 2014-2019
Figure 14 Asia-Pacific Will Dominate the Smart Meters Market in the Next Five Years
Figure 15 Smart Meters Market: China is Expected to Grow at the Fastest Rate From 2014-2019
Figure 16 Smart Meters Market Size (Value), By Major Country, 2014-2019
Figure 17 Smart Electric Meters Account For the Largest Share in the Americas Market
Figure 18 The European Market is Expected to Grow at the Highest Rate During the Forecast Period
Figure 19 Smart Meters Market: Value Chain (2013)
Figure 20 Porter’s Five Forces Analysis: Smart Meters Market
Figure 21 Smart Meters Market: Global Perspective
Figure 22 Smart Meters Market Share (Value), By Type, 2013
Figure 23 Smart Electric Meters Driving the Growth of the Smart Meters Market
Figure 24 Smart Water Meters Market Share (Value), By Region, 2013
Figure 25 Smart Meters Market Share (Value), By End-User, 2013
Figure 26 Smart Meters Market Size, By End-User
Figure 27 Residential Application Driving the Growth of the Smart Meters Market
Figure 28 Industrial & Commercial Smart Meters Market Share (Value), By Region, 2013
Figure 29 Europe is the Fastest Growing Region in Residential Market
Figure 30 Smart Meters Market Share (Value), 2013
Figure 31 Smart Meters Growth Rates, By Major Country, 2014-2019
Figure 32 U.S. is Expected to Continue its Dominance in the Smart Meters Market During the Forecast Period
Figure 33 Companies Adopted Contracts & Agreements as the Key Growth Strategy in the Past Three Years
Figure 34 Landis +Gyr. Grew at the Highest Rate During 2011 & 2013
Figure 35 Smart Meters Market Share, By Major Market Players, 2013
Figure 36 Market Evaluation Framework
Figure 37 Battle For Market Share: Contracts & Agreements is the Key Strategy
Figure 38 Geographic Revenue Mix of the Top Five Market Players
Figure 39 Itron Inc.: Company Snapshot
Figure 40 Itron Inc.: SWOT Analysis
Figure 41 Elster Group SE: Company Snapshot
Figure 42 Elster Group SE: Swot Analysis
Figure 43 Landis + GYR: Company Snapshot
Figure 44 Landis + GYR: SWOT Analysis
Figure 45 Siemens AG: Company Snapshot
Figure 46 Schneider Electric SA: Company Snapshot
Figure 47 Badger Meter Inc.: Company Snapshot
Figure 48 Circutor: Company Snapshot
Figure 49 EDMI: Company Snapshot
Figure 50 Honeywell International Inc.: Company Snapshot
Figure 51 ICSA (India) Limited: Company Snapshot
Figure 52 Iskraemeco: Company Snapshot
Figure 53 Neptune Technology Group Inc.: Company Snapshot

A smart meter is an electronic measuring instrument which enables two-way communication and data transfer between customers and utility players. Traditionally, meters only provide information regarding the consumption of energy, gas, and water, and displays with numbers. There are loads of issues with traditional meters which include theft and fraud of energy and gas, wrong billing, meter reading costs, and late payments.

Smart meters help to solve the above mentioned problems by reducing fraud and theft, accurately measure meter readings, and improved security of electricity, gas, & water. Smart meters, by type, have been categorized into gas, electricity, and water. These can be applied for commercial, residential, and industrial purposes.

Smart electric meters are available in the range of voltages and currents, measuring single-phase, two-phase, and three-phase electricity. Smart water meters measure the water usage by a customer and sends that data to the central database. These meters are installed for a number of application areas such as water withdrawal, processing, transmission, distribution, and consumption in both the residential and C&I sectors.

Smart gas meters are designed to improve the operational efficiency of utility, reduce costs, and improve the reliability and safety of natural gas distribution units. Smart gas meters maintain an account of the amount of gas consumed in form of energy and communicate it back to the utility for accurate billing; there are also options available such as temperature conversion and closing through remote of the gas flow meter, after receiving the signal at the meter reading.

In recent years, high growth has been observed in the smart meters market due to regulatory norms and mandates imposed by governments. The global smart meters market is expected to reach $18.2 billion by 2019, at a growth rate of 10.2% from 2014 to 2019. The figure below talks about the smart meters market share, based on regions, as of 2013.

Figure 1 : Smart Meters Market Size By Region, 2013

Smart Meters Market

Source: MarketsandMarkets Analysis

Currently, in the global smart meters market, North America accounts for the largest consumption of meters due to government initiatives, such as allocating funds and making smart meters mandatory in a number of states such as California and Texas. The Asia-Pacific market holds the second position and its growth is high because of the Chinese government investing extensively in the smart grid project that includes installation of these units on a wider scale.

In terms of type, smart electric meters account for the largest share in the smart meters industry. Increasing electric smart meter penetration is due to its benefits, such as prepayment facilities, fraud detection, peak consumption knowledge, and energy saving. Since electricity meters help to monitor energy usage efficiently and reduce the dependence on depleting fossil fuels, governments and other legislative bodies are promoting the installation of smart electricity meters around the world.

Region-wise, the market has been studied for different regions such as the Americas, Asia-Pacific, Europe, and RoW. The market size has been analyzed in detail for all the major countries. The study covers different strategies such as contract agreements, mergers & acquisitions, region-wise expansions, and others. Itron Inc. (U.S.), Elster Group (Germany), Landis+Gyr (Switzerland), Siemens AG (Germany), Schneider Electric SA (France), and Honeywell International Inc. (U.S.) are the dominant market leaders providing specialized products and services.

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