Smart Meters Market is expected to grow at a CAGR of 6.7%.
Smart Meters Market and Top Companies
Key market players profiled in the smart meters market report include:
Smart Meters Market and Top End-user Industries
Top end-user industries in smart meters market are:
Smart Meters Market and Top Technologies
Top technologies in smart meters market are:
Smart Meters Market by Type
Top type in smart meters market are:
Smart Meters Market and Top Communication Type
Top communication type in smart meters market are:
Smart Meters Market and Top Component Type
Top component type in smart meters market are:
[201 Pages Report] The global smart meters market size is expected to grow from estimated revenue of USD 20.7 billion in 2020 to USD 28.6 billion by 2025, at a CAGR of 6.7%. This growth is attributed to the government mandate and support policies for smart meter installation across end-use sectors such as residential, commercial, and industrial.
The smart meters market is segmented, by type, into smart electric, smart gas, and smart water meters. The smart electric segment accounted for the largest market share in 2019, driven by the growing emphasis on dynamic pricing and integration of growing DER into the existing power system operations in regions such as North America, Europe, and Asia Pacific. The future growth of the segment can be attributed to increasing demand for highly accurate and precise measurement of utility consumption data for consumers across end-users such as residential, commercial, and industrial sectors.
The communication type segment of the smart meters market is segmented into RF, PLC, and Cellular. Cellular expected to register the highest growth rate during the forecast period. The growth of the cellular communication type is attributed to the availability of robust telecommunication infrastructure for smart meter operations across regions such as Europe and North America. In addition, the use of cellular communication reduces the operational cost for utilities in implementing smart meter projects.
The smart meters market is segmented, by end-user, into residential, commercial, and industrial. The residential sector is projected to grow at the fastest rate during the forecast period. The increasing power consumption drives the smart meter growth rate in the sector among residential consumers due to technological and economic advancements and the growing government support for mandatory smart meter rollout projects in the sector.
The market is segmented, by region, into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Of these, Asia Pacific is the largest smart meters market in the world, predominantly due to China, and the trend is expected to be the same during the forecast period. The market in the region is driven by the growing emphasis to reduce carbon emissions from utility operations and effectively integrate DER such as solar and wind power for enhanced power sector operations.
The major players in the global smart meters market are Schneider Electric (France), Landis+Gyr (Switzerland), Itron (US), Siemens (Germany), Wasion Group (China), Badger Meter (US), and Sensus (Xylem) (US).
Landis+Gyr (US) is a manufacturer of metering solutions for residential, commercial, and industrial end-users. It provides smart electric meters, smart gas meters, and smart water meters. The smart meters offered by the company broadly encompass hardware and software. Hardware products include smart electric meters, while software products help in integrating communication technologies and providing real-time data analysis. The company caters to various end-users such as residential, commercial, and industrial. The company has a presence in the Americas, Europe, Middle East, Africa, and Asia Pacific.
Another major player in the market is Itron (US). The company has a strong product portfolio for smart electric meters with RF and cellular communication for AMI technology operations. The products cater to end-user segments, including residential, commercial, and industrial.
Report Metric |
Details |
Market size available for years |
2018–2025 |
Base year considered |
2019 |
Forecast period |
2020–2025 |
Forecast units |
USD Million |
Segments covered |
By Type, By Communication type, By Component, By Technology, By End-User, and By Region |
Geographies covered |
North America, Europe, Asia Pacific, Middle East & Africa, and South America |
Companies covered |
Schneider Electric (France), Landis+Gyr (Switzerland), Itron (US), Siemens (Germany), Wasion Group (China), Badger Meter (US), and Sensus (Xylem) (US). |
This research report categorizes the smart meters market by type, by communication type, by component type, by technology, by end-user, and region.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 23)
1.1 OBJECTIVES OF THE STUDY
1.2 DEFINITION
1.2.1 SMART METERS MARKET, BY TYPE: INCLUSIONS & EXCLUSIONS
1.2.2 SMART METERS MARKET, BY COMPONENT: INCLUSIONS & EXCLUSIONS
1.2.3 SMART METERS MARKET, BY COMMUNICATION TYPE: INCLUSIONS & EXCLUSIONS
1.2.4 SMART METERS MARKET, BY TECHNOLOGY: INCLUSIONS & EXCLUSIONS
1.2.5 SMART METERS MARKET, BY END-USER: INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.4 YEARS CONSIDERED FOR THE STUDY
1.5 CURRENCY
1.6 LIMITATIONS
1.7 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 29)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Break-up of primaries
2.2 SCOPE
2.3 MARKET SIZE ESTIMATION
2.3.1 DEMAND-SIDE ANALYSIS
2.3.1.1 Key assumptions
2.3.1.2 Calculation
2.3.2 FORECAST
2.3.3 SUPPLY-SIDE ANALYSIS
2.3.3.1 Assumptions and calculation
3 EXECUTIVE SUMMARY (Page No. - 39)
4 PREMIUM INSIGHTS (Page No. - 42)
4.1 ATTRACTIVE OPPORTUNITIES IN THE SMART METERS MARKET
4.2 SMART METERS MARKET, BY REGION
4.3 ASIA PACIFIC SMART METERS MARKET, BY END-USERS & COUNTRY
4.4 SMART METERS MARKET, BY TYPE
4.5 SMART METERS MARKET, BY END-USERS
5 MARKET OVERVIEW (Page No. - 45)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Government mandates and supportive policies for smart meters
5.2.1.2 Real-time monitoring of utility systems and dynamic pricing
5.2.1.3 Reduced blackouts and utility system failures
5.2.2 RESTRAINTS
5.2.2.1 Ensuring privacy and security of consumer data
5.2.2.2 Interoperability of smart meter systems
5.2.3 OPPORTUNITIES
5.2.3.1 Growing emphasis on smart grid initiatives
5.2.3.2 Artificial Intelligence (AI) integration with smart meters
5.2.4 CHALLENGES
5.2.4.1 Delayed Realization of ROI
5.2.4.2 Improper installation of smart meters
6 SMART METERS MARKET, BY TYPE (Page No. - 50)
6.1 INTRODUCTION
6.2 SMART ELECTRIC METERS
6.2.1 STRONG GOVERNMENT MANDATES AND NEED FOR ENERGY OPTIMIZATION ARE DRIVING THE MARKET
6.3 SMART GAS METERS
6.3.1 RETROFITTING OF GAS INFRASTRUCTURE PROJECTS IN NORTH AMERICA AND EUROPE IS DRIVING THE MARKET
6.4 SMART WATER METER
6.4.1 NEED TO REDUCE WATER THEFT AND IMPROVE ASSET MANAGEMENT ARE DRIVING THE MARKET
7 SMART METERS MARKET, BY COMMUNICATION TYPE (Page No. - 56)
7.1 INTRODUCTION
7.2 RF
7.2.1 DEMAND FOR ECONOMICAL ROLLOUT OF SMART METER SYSTEMS IS DRIVING THE MARKET
7.3 PLC
7.3.1 USE OF EXISTING INFRASTRUCTURE AND LONG-DISTANCE OPERATIONS ARE DRIVING THE MARKET
7.4 CELLULAR
7.4.1 FASTER DATA TRANSFER RATE AND REDUCED INFRASTRUCTURE COSTS ARE DRIVING THE MARKET
8 SMART METERS MARKET, BY COMPONENT (Page No. - 61)
8.1 INTRODUCTION
8.2 HARDWARE
8.2.1 DEMAND FOR PRECISE SMART METER OPERATIONS AND COST-EFFECTIVE SMART METERS DESIGN ARE DRIVING THE MARKET
8.3 SOFTWARE
8.3.1 ADVANCED UTILITY OPERATIONS AND NEED FOR SMART METER OPERATIONAL MANAGEMENT ARE DRIVING THE MARKET
9 SMART METERS MARKET, BY TECHNOLOGY (Page No. - 65)
9.1 INTRODUCTION
9.2 AMI
9.2.1 NEED FOR ACCURATE METER READING AND FASTER RESTORATION OF SERVICES ARE DRIVING THE MARKET
9.3 AMR
9.3.1 NEED FOR COST-EFFECTIVE SMART METERS IS DRIVING THE MARKET
10 SMART METERS MARKET, BY END-USER (Page No. - 69)
10.1 INTRODUCTION
10.2 RESIDENTIAL
10.2.1 GROWTH IN RESIDENTIAL POWER CONSUMPTION AND SUPPORTIVE GOVERNMENT MANDATES ARE DRIVING THE MARKET
10.3 COMMERCIAL
10.3.1 NEED FOR FLEXIBLE UTILITY RATES AND FASTER RESTORATION OF SERVICES ARE DRIVING THE MARKET
10.4 INDUSTRIAL
10.4.1 DEMAND FOR CONTINUOUS POWER AND ENERGY EFFICIENT OPERATIONS ARE DRIVING THE MARKET
11 SMART METERS MARKET, BY REGION (Page No. - 74)
11.1 INTRODUCTION
11.2 NORTH AMERICA
11.2.1 BY TYPE
11.2.2 BY COMMUNICATION TYPE
11.2.3 BY COMPONENT
11.2.4 BY TECHNOLOGY
11.2.5 BY END-USER
11.2.6 BY COUNTRY
11.2.7 US
11.2.7.1 Strong government support and investment in developing smart metering infrastructure are driving the market
11.2.7.1.1 By type
11.2.7.1.2 By communication type
11.2.7.1.3 By component
11.2.7.1.4 By technology
11.2.7.1.5 By end-user
11.2.8 CANADA
11.2.8.1 Increasing domestic power consumption and need to incorporate renewable energy resources are driving the market
11.2.8.1.1 By type
11.2.8.1.2 By communication type
11.2.8.1.3 By component
11.2.8.1.4 By technology
11.2.8.1.5 By end-user
11.2.9 MEXICO
11.2.9.1 Massive smart meter rollout plans and government support are driving the market
11.2.9.1.1 By type
11.2.9.1.2 By communication type
11.2.9.1.3 By component
11.2.9.1.4 By technology
11.2.9.1.5 By end-user
11.3 SOUTH AMERICA
11.3.1 BY TYPE
11.3.2 BY COMMUNICATION TYPE
11.3.3 BY COMPONENT
11.3.4 BY TECHNOLOGY
11.3.5 BY END-USER
11.3.6 COUNTRY
11.3.7 BRAZIL
11.3.7.1 Need to reduce utility thefts and the demand to increase operational efficiency are driving the market
11.3.7.1.1 By type
11.3.7.1.2 By communication type
11.3.7.1.3 By component
11.3.7.1.4 By technology
11.3.7.1.5 By end-user
11.3.8 ARGENTINA
11.3.8.1 Smart grid initiatives and need to incorporate renewable energy sources are driving the market
11.3.8.1.1 By type
11.3.8.1.2 By communication type
11.3.8.1.3 By component
11.3.8.1.4 By technology
11.3.8.1.5 By end-user
11.3.9 REST OF SOUTH AMERICA
11.3.9.1 Need to develop modern utility infrastructure and reduce operational cost is driving the market
11.3.9.1.1 By type
11.3.9.1.2 By communication type
11.3.9.1.3 By component
11.3.9.1.4 By technology
11.3.9.1.5 By end-user
11.4 EUROPE
11.4.1 BY TYPE
11.4.2 BY COMMUNICATION TYPE
11.4.3 BY COMPONENT
11.4.4 BY TECHNOLOGY
11.4.5 BY END-USER
11.4.6 BY COUNTRY
11.4.7 GERMANY
11.4.7.1 Demand for effective integration of renewable energy resources is driving the market
11.4.7.1.1 By type
11.4.7.1.2 By communication type
11.4.7.1.3 By component
11.4.7.1.4 By technology
11.4.7.1.5 By end-user
11.4.8 FRANCE
11.4.8.1 Government support for smart meter rollouts and the need for efficient grid operations are driving the market
11.4.8.1.1 By type
11.4.8.1.2 By communication type
11.4.8.1.3 By component
11.4.8.1.4 By technology
11.4.8.1.5 By end-user
11.4.9 UK
11.4.9.1 Need for secure and sustainable energy supply is driving the smart meters market
11.4.9.1.1 By type
11.4.9.1.2 By communication type
11.4.9.1.3 By component
11.4.9.1.4 By technology
11.4.9.1.5 By end-user
11.4.10 ITALY
11.4.10.1 New generation smart meter rollout is driving the market
11.4.10.1.1 By type
11.4.10.1.2 By communication type
11.4.10.1.3 By component
11.4.10.1.4 By technology
11.4.10.1.5 By end-user
11.4.11 REST OF EUROPE
11.4.11.1 Plans to upgrade older generation smart meters and mandated rollouts are driving the market
11.4.11.1.1 By type
11.4.11.1.2 By communication type
11.4.11.1.3 By component
11.4.11.1.4 By technology
11.4.11.1.5 By end-user
11.5 ASIA PACIFIC
11.5.1 BY TYPE
11.5.2 BY COMMUNICATION TYPE
11.5.3 BY COMPONENT
11.5.4 BY TECHNOLOGY
11.5.5 BY END-USER
11.5.6 BY COUNTRY
11.5.7 CHINA
11.5.7.1 Demand for integrating renewable energy sources and investment in smart grids are driving the market
11.5.7.1.1 By type
11.5.7.1.2 By communication type
11.5.7.1.3 By component
11.5.7.1.4 By technology
11.5.7.1.5 By end-user
11.5.8 AUSTRALIA
11.5.8.1 Higher utility cost and need for operational efficiency are driving the market
11.5.8.1.1 By type
11.5.8.1.2 By communication type
11.5.8.1.3 By component
11.5.8.1.4 By technology
11.5.8.1.5 By end-user
11.5.9 JAPAN
11.5.9.1 Increasing emphasis on energy security and planned renewable energy addition are driving the demand
11.5.9.1.1 By type
11.5.9.1.2 By communication type
11.5.9.1.3 By component
11.5.9.1.4 By technology
11.5.9.1.5 By end-user
11.5.10 INDIA
11.5.10.1 Growing renewable energy source capacity addition and smart meter mandates are driving the market
11.5.10.1.1 By type
11.5.10.1.2 By communication type
11.5.10.1.3 By component
11.5.10.1.4 By technology
11.5.10.1.5 By end-user
11.5.11 REST OF ASIA PACIFIC
11.5.11.1 Government support for smart meters is driving the market
11.5.11.1.1 By type
11.5.11.1.2 By communication type
11.5.11.1.3 By component
11.5.11.1.4 By technology
11.5.11.1.5 By End-User
11.6 MIDDLE EAST & AFRICA
11.6.1 BY TYPE
11.6.2 BY COMMUNICATION TYPE
11.6.3 BY COMPONENT
11.6.4 BY TECHNOLOGY
11.6.5 BY END-USER
11.6.6 BY COUNTRY
11.6.7 SAUDI ARABIA
11.6.7.1 Need for accurate utility consumption billing and rising energy prices are driving the market
11.6.7.1.1 By type
11.6.7.1.2 By communication type
11.6.7.1.3 By component
11.6.7.1.4 By technology
11.6.7.1.5 By end-user
11.6.8 UAE
11.6.8.1 Increasing energy consumption and improving utility operations are driving the market
11.6.8.1.1 By type
11.6.8.1.2 By communication type
11.6.8.1.3 By component
11.6.8.1.4 By technology
11.6.8.1.5 By end-user
11.6.9 ISRAEL
11.6.9.1 Increasing emphasis on energy reliability and quality is driving the demand for smart meters
11.6.9.1.1 By type
11.6.9.1.2 By communication type
11.6.9.1.3 By component
11.6.9.1.4 By technology
11.6.9.1.5 By end-user
11.6.10 SOUTH AFRICA
11.6.10.1 Growing need to reduce utility debt is driving the market for smart meters
11.6.10.1.1 By type
11.6.10.1.2 By communication type
11.6.10.1.3 By Component
11.6.10.1.4 By technology
11.6.10.1.5 By end-user
11.6.11 REST OF MIDDLE EAST & AFRICA
11.6.11.1 Plans to upgrade older generation smart meters and the mandated rollouts are driving the market
11.6.11.2 By type
11.6.11.2.1 By communication type
11.6.11.2.2 By component
11.6.11.2.3 By Technology
11.6.11.2.4 By end-user
12 COMPETITIVE LANDSCAPE (Page No. - 134)
12.1 OVERVIEW
12.2 COMPETITIVE LEADERSHIP MAPPING (ELECTRIC & GAS)
12.2.1 VISIONARY LEADERS
12.2.2 INNOVATORS
12.2.3 EMERGING COMPANIES
12.2.4 DYNAMIC DIFFERENTIATORS
12.3 COMPETITIVE LEADERSHIP MAPPING (WATER)
12.3.1 VISIONARY LEADERS
12.3.2 INNOVATORS
12.3.3 EMERGING COMPANIES
12.3.4 DYNAMIC DIFFERENTIATORS
12.4 COMPETITIVE LEADERSHIP MAPPING (SOFTWARE)
12.4.1 VISIONARY LEADERS
12.4.2 INNOVATORS
12.4.3 EMERGING COMPANIES
12.4.4 DYNAMIC DIFFERENTIATORS
12.5 MARKET SHARE, 2019
12.6 COMPETITIVE SCENARIO
12.6.1 NEW PRODUCT DEVELOPMENTS
12.6.2 INVESTMENTS & EXPANSIONS
12.6.3 MERGERS & ACQUISITIONS
12.6.4 CONTRACTS & AGREEMENTS
12.6.5 PARTNERSHIPS
13 COMPANY PROFILES (Page No. - 144)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
13.1 SCHNEIDER ELECTRIC
13.2 LANDIS+GYR
13.3 ITRON
13.4 SIEMENS
13.5 WASION GROUP
13.6 BADGER METER
13.7 SENSUS (XYLEM)
13.8 HONEYWELL INTERNATIONAL
13.9 LARSEN & TOUBRO
13.10 KAMSTRUP
13.11 GENUS POWER INFRASTRUCTURES
13.12 ACLARA TECHNOLOGIES
13.13 EDMI
13.14 SAGEMCOM
13.15 ISKRAEMECO
13.16 JIANGSU LINYANG ELECTRONICS
13.17 HEXING ELECTRICAL
13.18 NETWORKED ENERGY SERVICES CORPORATION
13.19 PIETRO FIORENTINI
13.20 SECURE METERS
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 194)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
LIST OF TABLES (166 TABLES)
TABLE 1 SMART METERS MARKET SNAPSHOT
TABLE 2 TYPES OF DYNAMIC PRICING OF UTILITIES
TABLE 3 SMART METERS MARKET SIZE, BY TYPE, 2018–2025 (UNITS)
TABLE 4 SMART METERS MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 5 SMART ELECTRIC METERS MARKET SIZE, BY REGION, 2018–2025 (UNITS)
TABLE 6 SMART ELECTRIC METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 7 SMART GAS METERS MARKET SIZE, BY REGION, 2018–2025 (UNITS)
TABLE 8 SMART GAS METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 9 SMART WATER METERS MARKET SIZE, BY REGION, 2018–2025 (UNITS)
TABLE 10 SMART WATER METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 SMART METERS MARKET SIZE, BY COMMUNICATION TYPE, 2018–2025 (USD MILLION)
TABLE 12 RF: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 PLC: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 14 CELLULAR: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 SMART METERS MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 16 HARDWARE: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 17 SOFTWARE: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 18 SMART METERS MARKET SIZE, BY TECHNOLOGY, 2018–2025 (USD MILLION)
TABLE 19 AMI: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 20 AMR: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 21 SMART METERS MARKET SIZE, BY END-USER, 2020–2025 (USD MILLION)
TABLE 22 RESIDENTIAL: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 23 COMMERCIAL: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 24 INDUSTRIAL: SMART METERS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 GLOBAL SMART METER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 26 NORTH AMERICA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (UNITS)
TABLE 27 NORTH AMERICA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 28 NORTH AMERICA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 29 NORTH AMERICA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 30 NORTH AMERICA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 31 NORTH AMERICA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 32 NORTH AMERICA: SMART METER MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 33 US: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 34 US: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 35 US: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 36 US: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 37 US: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 38 CANADA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 39 CANADA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 40 CANADA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 41 CANADA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 42 CANADA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 43 MEXICO: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 44 MEXICO: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 45 MEXICO: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 46 MEXICO: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 47 MEXICO: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 48 SOUTH AMERICA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (UNITS)
TABLE 49 SOUTH AMERICA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 50 SOUTH AMERICA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 51 SOUTH AMERICA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 52 SOUTH AMERICA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 53 SOUTH AMERICA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 54 SOUTH AMERICA: SMART METER MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 55 BRAZIL: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 56 BRAZIL: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 57 BRAZIL: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 58 BRAZIL: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 59 BRAZIL: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 60 ARGENTINA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 61 ARGENTINA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 62 ARGENTINA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 63 ARGENTINA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 64 ARGENTINA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 65 REST OF SOUTH AMERICA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 66 REST OF SOUTH AMERICA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 67 REST OF SOUTH AMERICA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 68 REST OF SOUTH AMERICA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 69 REST OF SOUTH AMERICA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 70 EUROPE: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (UNITS)
TABLE 71 EUROPE: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 72 EUROPE: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 73 EUROPE: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 74 EUROPE: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 75 EUROPE: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 76 EUROPE: SMART METER MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 77 GERMANY: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 78 GERMANY: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 79 GERMANY: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 80 GERMANY: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 81 GERMANY: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 82 FRANCE: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 83 FRANCE: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 84 FRANCE: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 85 FRANCE: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 86 FRANCE: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 87 UK: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 88 UK: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 89 UK: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 90 UK: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 91 UK: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 92 ITALY: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 93 ITALY: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 94 ITALY: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 95 ITALY: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 96 ITALY: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 97 REST OF EUROPE: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 98 REST OF EUROPE: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 99 REST OF EUROPE: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 100 REST OF EUROPE: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 101 REST OF EUROPE: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 102 ASIA PACIFIC: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (UNITS)
TABLE 103 ASIA PACIFIC: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 104 ASIA PACIFIC: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 105 ASIA PACIFIC: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 106 ASIA PACIFIC: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 107 ASIA PACIFIC: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 108 ASIA PACIFIC: SMART METER MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 109 CHINA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 110 CHINA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 111 CHINA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 112 CHINA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 113 CHINA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 114 AUSTRALIA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 115 AUSTRALIA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 116 AUSTRALIA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 117 AUSTRALIA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 118 AUSTRALIA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 119 JAPAN: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 120 JAPAN: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 121 JAPAN: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 122 JAPAN: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 123 JAPAN: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 124 INDIA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 125 INDIA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 126 INDIA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 127 INDIA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 128 INDIA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 129 REST OF ASIA PACIFIC: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 130 REST OF ASIA PACIFIC: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 131 REST OF ASIA PACIFIC: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 132 REST OF ASIA PACIFIC: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 133 REST OF ASIA PACIFIC: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 134 MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (IN UNITS)
TABLE 135 MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (IN USD MILLION)
TABLE 136 MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 137 MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 138 MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 139 MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 140 MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 141 SAUDI ARABIA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 142 SAUDI ARABIA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 143 SAUDI ARABIA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 144 SAUDI ARABIA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 145 SAUDI ARABIA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 146 UAE: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 147 UAE: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 148 UAE: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 149 UAE: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 150 UAE: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 151 ISRAEL: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 152 ISRAEL: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 153 ISRAEL: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 154 ISRAEL: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 155 ISRAEL: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 156 SOUTH AFRICA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 157 SOUTH AFRICA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 158 SOUTH AFRICA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 159 SOUTH AFRICA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 160 SOUTH AFRICA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 161 REST OF MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 162 REST OF MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY COMMUNICATION TYPE, 2018-2025 (USD MILLION)
TABLE 163 REST OF MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY COMPONENT, 2018-2025 (USD MILLION)
TABLE 164 REST OF MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD MILLION)
TABLE 165 REST OF MIDDLE EAST & AFRICA: SMART METER MARKET SIZE, BY END-USER, 2018-2025 (USD MILLION)
TABLE 166 DEVELOPMENTS BY KEY PLAYERS IN THE MARKET, JANUARY 2016–FEBRUARY2020
LIST OF FIGURES (47 FIGURES)
FIGURE 1 SMART METERS MARKET: RESEARCH DESIGN
FIGURE 2 MAIN METRICS CONSIDERED WHILE CONSTRUCTING AND ASSESSING THE DEMAND FOR THE SMART METER MARKET
FIGURE 3 SPENDING ON SMART METER ACROSS END-USE SECTORS IS THE KEY DETERMINING FACTOR FOR THE GLOBAL SMART METER MARKET
FIGURE 4 SMART METER OPERATIONS IN END-USE INDUSTRIES IS THE DETERMINING FACTOR FOR THE GLOBAL SMART METER MARKET
FIGURE 5 MARKET LEADERS OF GLOBAL SMART METERS MARKET, 2019
FIGURE 6 ASIA PACIFIC DOMINATED THE SMART METERS MARKET IN 2019
FIGURE 7 AMI SEGMENT IS EXPECTED TO HOLD THE LARGEST SHARE OF THE SMART METERS MARKET, BY TECHNOLOGY, DURING THE FORECAST PERIOD
FIGURE 8 RESIDENTIAL SEGMENT IS EXPECTED TO LEAD THE SMART METERS MARKET, BY END-USER, DURING THE FORECAST PERIOD
FIGURE 9 GOVERNMENT MANDATES AND SUPPORTIVE POLICIES ARE EXPECTED TO DRIVE THE SMART METERS MARKET, 2020–2025
FIGURE 10 ASIA PACIFIC SMART METERS MARKET IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
FIGURE 11 RESIDENTIAL SECTOR (END-USER) AND CHINA (COUNTRY) DOMINATED THE SMART METERS MARKET IN 2019
FIGURE 12 SMART ELECTRIC METERS IS PROJECTED TO DOMINATE THE SMART METERS MARKET, BY TYPE, UNTIL 2025
FIGURE 13 CELLULAR COMMUNICATION SEGMENT IS PROJECTED TO DOMINATE THE SMART METERS MARKET, BY COMMUNICATION TYPE, UNTIL 2025
FIGURE 14 SMART METERS MARKET: MARKET DYNAMICS
FIGURE 15 INVESTMENT IN SMART GRID BY TECHNOLOGICAL AREA, 2014-2018, BILLION USD
FIGURE 16 SMART METERS MARKET, BY TYPE, 2020–2025 (USD MILLION)
FIGURE 17 SMART METERS MARKET, BY COMMUNICATION TYPE, 2020–2025 (USD MILLION)
FIGURE 18 SMART METERS MARKET, BY COMPONENT, 2020–2025 (USD MILLION)
FIGURE 19 SMART METERS MARKET, BY TECHNOLOGY, 2020–2025 (USD MILLION)
FIGURE 20 SMART METERS MARKET, BY END-USER, 2020–2025 (USD MILLION)
FIGURE 21 REGIONAL SNAPSHOT: ASIA PACIFIC MARKET IS EXPECTED TO GROW AT THE FASTEST CAGR DURING THE FORECAST PERIOD
FIGURE 22 SMART METER MARKET SHARE (VALUE), BY REGION, 2019
FIGURE 23 NORTH AMERICA: REGIONAL SNAPSHOT, 2019
FIGURE 24 ASIA PACIFIC: SNAPSHOT, 2019
FIGURE 25 KEY DEVELOPMENTS IN THE SMART METERS MARKET, 2017 - FEBRUARY 2020
FIGURE 26 SMART METERS MARKET (ELECTRIC & GAS): GLOBAL COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 27 SMART METERS MARKET (WATER): GLOBAL COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 28 SMART METERS MARKET (SOFTWARE): GLOBAL COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 29 SMART METERS MARKET IN 2019
FIGURE 30 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
FIGURE 31 SCHNEIDER ELECTRIC: SWOT ANALYSIS
FIGURE 32 LANDIS+GYR: COMPANY SNAPSHOT
FIGURE 33 LANDIS+GYR: SWOT ANALYSIS
FIGURE 34 ITRON: COMPANY SNAPSHOT
FIGURE 35 ITRON: SWOT ANALYSIS
FIGURE 36 SIEMENS: COMPANY SNAPSHOT
FIGURE 37 SIEMENS: SWOT ANALYSIS
FIGURE 38 WASION GROUP: COMPANY SNAPSHOT
FIGURE 39 WASION GROUP: SWOT ANALYSIS
FIGURE 40 BADGER METER: COMPANY SNAPSHOT
FIGURE 41 BADGER METER: SWOT ANALYSIS
FIGURE 42 SENSUS (XYLEM): COMPANY SNAPSHOT
FIGURE 43 SENSUS (XYLEM): SWOT ANALYSIS
FIGURE 44 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 45 LARSEN & TOUBRO: COMPANY SNAPSHOT
FIGURE 46 KAMSTRUP: COMPANY SNAPSHOT
FIGURE 47 GENUS POWER INFRASTRUCTURES: COMPANY SNAPSHOT
The study involved three major activities in estimating the current size of the global smart meters market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.
This research study involved the use of extensive secondary sources, directories, and databases such as smart meters end-user associations in Europe and North America regions, industry publications, several newspaper articles, Bloomberg, Factiva, and journals to identify and collect information useful for a technical, market-oriented, and commercial study of the smart meters market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
The smart meters market comprises several stakeholders such as companies related to the industry, consulting companies in the residential, commercial and industrial, smart meters manufacturers, state & national energy authorities, dealers & suppliers, and vendors. The demand side of the market is characterized by the smart meters planned rollout, and expenditure across end-use sectors across global regions, investments by governments, major players across end-use industries. The supply side is characterized by contracts & agreements, new product launches, mergers & acquisitions, and partnerships & collaborations among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
Both top-down and bottom-up approaches have been used to estimate and validate the size of the smart meters market and its dependent submarkets. These methods were also extensively used to determine the extent of various subsegments in the market. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the smart meter market activities.
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the smart meters market report:
Benchmarking the rapid strategy shifts of the Top 100 companies in the Smart Meters Market
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Growth opportunities and latent adjacency in Smart Meters Market