Smart Meters Market by Type (Electric, Water, and Gas), Application (Commercial, Residential, and Industrial), Technology (Automatic Meter Reading and Advanced Metering Infrastructure), and by Region - Global Forecasts to 2022

The global smart meters market is valued at USD 12.79 Billion in 2017, and is expected to grow at a CAGR of 9.34% from 2017 to 2022.

The years considered for the study are as follows:

• Base Year – 2016
• Estimated Year – 2017
• Projected Year – 2022
• Forecast Period – 2017 to 2022

2016 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

• To define and segment the smart meters market with respect to type, application, technology, and region
• To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the smart meters market with respect to individual growth trends, future expansions, and contribution to the market
• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
• To forecast the growth of the smart meters market with respect to major regions (Asia-Pacific, Europe, North America, South America, Middle East, and Africa)
• To strategically profile key players, and comprehensively analyze their market ranking and core competencies
• To analyze competitive developments such as new product launches, mergers & acquisitions, expansions & investments, and supply contracts in the smart meters market

Research Methodology

This research study involved the use of extensive secondary sources, directories, journals on advanced metering infrastructure, automatic meter reading, energy storage, and other related equipment market; newsletters and databases such as Hoovers, Bloomberg, Businessweek, Factiva, among others to identify and collect information useful for a technical, market-oriented, and commercial study of the global smart meters market. Primary sources are mainly several industry experts from core and related industries, vendors, preferred suppliers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain.  The points given below explain the research methodology.

• Study of annual revenue and market developments of major players providing smart meters
• Assessment of future trends and growth of end-users
• Assessment of the smart meters market with respect to the technology of  smart meters used for different applications

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

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The smart meters ecosystem comprises of power and automation technology companies such as Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), and Toshiba Corporation (Japan), among others.

Target Audience:

• Electric, water, and gas utilities
• Smart electric, gas, and water manufacturing companies
• Distributed energy generation solution providers
• Smart electric, water, and gas meter vendors
• Government and industry associations
• State and national regulatory authorities
• Distribution grid operators
• Energy regulatory agencies
• Investors and financial community professionals
• State or government-owned corporations

Scope of the Report:

• By Type
  • Smart Energy Meters
  • Smart Water Meters
  • Smart Gas Meters
• By Application
  • Industrial
  • Commercial
  • Residential
• By Technology
  • Automatic Meter Reading (AMR)
  • Advanced Metering Infrastructure (AMI)
• By Region
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East
  • Africa

Available Customizations:

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

Company Information

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

Table of Contents

1 Introduction (Page No. - 14)
    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 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    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 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Smart Meters Market, By Type
    4.2 Smart Meters Market, By Application
    4.3 Smart Meters Market, By Technology
    4.4 Asia Pacific: the Largest Market During the Forecast Period, By Region

5 Market Overview (Page No. - 34)
    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 Investments in Efficient Distribution Networks
           5.2.2 Restraints
                    5.2.2.1 High Installation Costs for End-Users
           5.2.3 Opportunities
                    5.2.3.1 Integration of Distributed Generation
           5.2.4 Challenges
                    5.2.4.1 Lack of Awareness Among Consumers
                    5.2.4.2 Lack of Compatibility With Other Devices
                    5.2.4.3 Design and Maintenance of Smart Meters
                    5.2.4.4 Improper Installation of Smart Meters

6 Smart Meters Market, By Type (Page No. - 39)
    6.1 Introduction
    6.2 Smart Electric Meters
    6.3 Smart Water Meters
    6.4 Smart Gas Meters

7 Smart Meters Market, By Application (Page No. - 44)
    7.1 Introduction
    7.2 Residential Smart Meters Market
    7.3 Commercial Smart Meters Market
    7.4 Industrial Smart Meters Market

8 Smart Meters Market, By Technology (Page No. - 48)
    8.1 Introduction
    8.2 Automatic Meter Reading (AMR)
    8.3 Advanced Metering Infrastructure (AMI)

9 Global Smart Meters Market, By Region (Page No. - 52)
    9.1 Introduction
    9.2 North America
           9.2.1 By Type
           9.2.2 By Application
           9.2.3 By Technology
           9.2.4 By Country
                    9.2.4.1 The U.S.
                    9.2.4.2 Canada
                    9.2.4.3 Mexico
    9.3 Europe
           9.3.1 By Type
           9.3.2 By Application
           9.3.3 By Technology
           9.3.4 By Country
                    9.3.4.1 Germany
                    9.3.4.2 France
                    9.3.4.3 The U.K.
                    9.3.4.4 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 By Type
           9.4.2 By Application
           9.4.3 By Technology
           9.4.4 By Country
                    9.4.4.1 China
                    9.4.4.2 India
                    9.4.4.3 Japan
                    9.4.4.4 Australia
                    9.4.4.5 Malaysia
                    9.4.4.6 Rest of Asia-Pacific
    9.5 The Middle East
           9.5.1 By Type
           9.5.2 By Application
           9.5.3 By Technology
           9.5.4 By Country
                    9.5.4.1 Saudi Arabia
                    9.5.4.2 Israel
                    9.5.4.3 UAE
                    9.5.4.4 Rest of the Middle East
    9.6 South America
           9.6.1 By Type
           9.6.2 By Application
           9.6.3 By Technology
           9.6.4 By Country
                    9.6.4.1 Brazil
                    9.6.4.2 Argentina
                    9.6.4.3 Rest of South America
    9.7 Africa
           9.7.1 By Type
           9.7.2 By Application
           9.7.3 By Technology
           9.7.4 By Country
                    9.7.4.1 South Africa
                    9.7.4.2 Rest of Africa

10 Competitive Landscape (Page No. - 80)
     10.1 Overview
     10.2 Smart Meters Market: Competitor Ranking, 2016
     10.3 Competitive Situation & Trends
     10.4 Vendor Dive Overview
             10.4.1 Market Leaders
             10.4.2 Innovators
             10.4.3 Dynamic
             10.4.4 Emerging
     10.5 Analysis of the Product Portfolio of Major Players in the Smart Meters Market (25 Companies)
     10.6 Business Strategies Adopted By Major Players in the Smart Meters Market (25 Companies)

*Top 25 Companies Analyzed for This Study Are- Aclara Technologies LLC., Microchip Technology Inc., EDMI Ltd., Holley Metering Ltd., Honeywell International Inc., Itron Inc., Schneider Electric, Siemens Ag, Toshiba Corporation (Landis+GYR), Wasion Group, Sensus, Badger Meter Inc., Kamstrup A/S, ICSA (India) Limited, Iskraemeco, Jiangsu Linyang Electronics Co., Ltd., Circutor, Networked Energy Service Corp., Neptune Technology Group, Genus Power Infrastructures Ltd, Master Meters, Diehl Metering GmbH, Sentec Ltd., B. Meters, Chongqing Smart Water Meter Group Co., Ltd.

11 Company Profiles (Page No. - 86)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     11.1 Schneider Electric
     11.2 Siemens AG
     11.3 Honeywell International, Inc.
     11.4 Itron, Inc.
     11.5 Sensus (Xylem)
     11.6 EDMI Limited
     11.7 Badger Meter, Inc.
     11.8 Holley Metering, Limited
     11.9 ICSA (India), Limited
     11.10 Aclara Technologies, LLC.
     11.11 Kamstrup A/S
     11.12 Wasion Group
     11.13 Jiangsu Linyang Energy Co.
     11.14 Atmel (Microchip Technology) Corporation
     11.15 Landis+GYR (Toshiba Corporation)

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 129)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details

List of Tables (62 Tables)

Table 1 Global Smart Meters Market Snapshot
Table 2 Smart Meters Market, By Type, 2015–2022 (USD Million)
Table 3 Smart Electric Meters: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Smart Water Meters: Market Size, By Region, 2015–2022 (USD Million)
Table 5 Smart Gas Meters: Market Size, By Region, 2015–2022 (USD Million)
Table 6 Global Smart Meters Market Size, By Application, 2015–2022 (USD Million)
Table 7 Residential: Market Size, By Region, 2015–2022 (USD Million)
Table 8 Commercial: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Industrial: Market Size, By Region, 2015–2022 (USD Million)
Table 10 Smart Meters Market, By Technology, 2015–2022 (USD Million)
Table 11 Automatic Meter Reading: Market Size, By Region, 2015–2022 (USD Million)
Table 12 Advanced Metering Infrastructure: Market Size, By Region, 2015–2022 (USD Million)
Table 13 Global Market Size, By Region, 2015–2022 (USD Million)
Table 14 Smart Electric Meters Market Size, By Top Country, 2015–2022 (USD Million)
Table 15 Smart Gas Meters Market Size, By Top Country, 2015–2022 (USD Million)
Table 16 Smart Water Meters Market Size, By Top Country, 2015–2022 (USD Million)
Table 17 North America: Smart Meters Market Size, By Type, 2015–2022 (USD Million)
Table 18 North America: Market Size, By Application, 2015–2022 (USD Million)
Table 19 North America: Market Size, By Technology, 2015–2022 (USD Million)
Table 20 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 21 U.S.: Market, By Type, 2015–2022 (USD Million)
Table 22 Canada: Market Size, By Type, 2015–2022 (USD Million)
Table 23 Mexico: Market, By Type, 2015–2022 (USD Million)
Table 24 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 25 Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 26 Europe: Market Size, By Technology, 2015–2022 (USD Million)
Table 27 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 28 Germany: Market, By Type, 2015–2022 (USD Million)
Table 29 France: Market, By Type, 2015–2022 (USD Million)
Table 30 U.K.: Smart Meters Market, By Type, 2015–2022 (USD Million)
Table 31 Rest of Europe: Market, By Type, 2015–2022 (USD Million)
Table 32 Asia-Pacific: Smart Meters Market Size, By Type, 2015–2022 (USD Million)
Table 33 Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 34 Asia-Pacific: Market Size, By Technology, 2015–2022 (USD Million)
Table 35 Asia-Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 36 China: Market, By Type, 2015–2022 (USD Million)
Table 37 India: Market, By Type, 2015–2022 (USD Million)
Table 38 Japan: Smart Meters Market, By Type, 2015–2022 (USD Million)
Table 39 Australia: Market, By Type, 2015–2022 (USD Million)
Table 40 Malaysia: Market, By Type, 2015–2022 (USD Million)
Table 41 Rest of Asia-Pacific: Smart Meters Market, By Type, 2015–2022 (USD Million)
Table 42 Middle East: Market Size, By Type, 2015–2022 (USD Million)
Table 43 Middle East: Market Size, By Application, 2015–2022 (USD Million)
Table 44 Middle East: Market Size, By Technology, 2015–2022 (USD Million)
Table 45 Middle East: Market Size, By Country, 2015–2022 (USD Million)
Table 46 Saudi Arabia: Market, By Type, 2015–2022 (USD Million)
Table 47 Israel: Market, By Type, 2015–2022 (USD Million)
Table 48 UAE: Market, By Type, 2015–2022 (USD Million)
Table 49 Rest of the Middle East: Market, By Type, 2015–2022 (USD Million)
Table 50 South America: Smart Meters Market Size, By Type, 2015–2022 (USD Million)
Table 51 South America: Market Size, By Application, 2015–2022 (USD Million)
Table 52 South America: Market Size, By Technology, 2015–2022 (USD Million)
Table 53 South America: Market Size, By Country, 2015–2022 (USD Million)
Table 54 Brazil: Market, By Type, 2015–2022 (USD Million)
Table 55 Argentina: Market, By Type, 2015–2022 (USD Million)
Table 56 Rest of South America: Market, By Type, 2015–2022 (USD Million)
Table 57 Africa: Smart Meters Market Size, By Type, 2015–2022 (USD Million)
Table 58 Africa: Market Size, By Application, 2015–2022 (USD Million)
Table 59 Africa: Market Size, By Technology, 2015–2022 (USD Million)
Table 60 Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 61 South Africa: Market, By Type, 2015–2022 (USD Million)
Table 62 Rest of Africa: Market, By Type, 2015–2022 (USD Million)

List of Figures (66 Figures)

Figure 1 Market Segmentation: Smart Meters Market
Figure 2 Countries Covered
Figure 3 Smart Meters Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Market for Smart Electric Meters to Register the Highest Growth Between 2017 and 2022
Figure 9 Market for Residential Application to Register the Highest Growth Between 2017 and 2022
Figure 10 Market for Advanced Metering Infrastructure (AMI) Technology to Register the Highest Growth Between 2017 and 2022
Figure 11 Asia-Pacific to Dominate the Market Between 2017 and 2022
Figure 12 Attractive Market Opportunities in the Smart Meters Market
Figure 13 Smart Meters Market Share (Value), By Type, 2017–2022
Figure 14 Residential Segment is Estimated to Dominate the Smart Meters Market By 2022
Figure 15 Automatic Meter Reading (AMR) Segment is Estimated to Dominate the Smart Meters Market By 2022
Figure 16 Asia-Pacific is Expected to Grow at the Fastest Pace During the Forecast Period
Figure 17 Increasing Smart Grid Deployment is A Major Factor Driving the Smart Meters Market
Figure 18 Smart Meter Market Share (Value), 2022
Figure 19 The Residential Application Segment is Expected to Dominate the Market During the Forecast Period
Figure 20 The AMR Segment is Expected to Dominate the Market During the Forecast Period
Figure 21 Regional Snapshot: Rapid Growth in Developing Markets Such as Asia-Pacific is Creating New Hot Spots
Figure 22 The Market in Europe to Drive the Smart Meters Market, By Region, 2017 & 2022 (USD Million)
Figure 23 The Market in Asia-Pacific to Drive the Smart Meters Market, By Region, 2017 & 2022 (USD Million)
Figure 24 Companies Adopted Mergers & Acquisitions to Capture A Share of the Market
Figure 25 Battle for Market Share: Contracts & Agreements Was the Key Strategy, 2013–2017
Figure 26 Market Evaluation Framework: New Product Launches, Mergers, Acquisitions, & Partnerships, Contracts & Agreements, & Others Fueled the Growth of Companies From 2013 to February 2017
Figure 27 Vendor Dive Matrix
Figure 28 Schneider Electric: Company Snapshot (2015)
Figure 29 Schneider Electric: Product Offering Scorecard
Figure 30 Schneider Electric: Business Strategy Scorecard
Figure 31 Siemens AG: Company Snapshot (2016)
Figure 32 Siemens AG: Product Offering Scorecard
Figure 33 Siemens AG: Business Strategy Scorecard
Figure 34 Honeywell International, Inc.: Company Snapshot (2016)
Figure 35 Honeywell International, Inc.: Product Offering Scorecard
Figure 36 Honeywell International, Inc.: Business Strategy Scorecard
Figure 37 Itron, Inc.: Company Snapshot (2016)
Figure 38 Itron, Inc.: Product Offering Scorecard
Figure 39 Itron, Inc.: Business Strategy Scorecard
Figure 40 Sensus (Xylem): Product Offering Scorecard
Figure 41 Sensus (Xylem): Business Strategy Scorecard
Figure 42 EDMI Ltd.: Product Offering Scorecard
Figure 43 EDMI Ltd.: Business Strategy Scorecard
Figure 44 Badger Meter, Inc.: Company Snapshot (2016)
Figure 45 Badger Meter, Inc.: Product Offering Scorecard
Figure 46 Badger Meter, Inc.: Business Strategy Scorecard
Figure 47 Holley Metering Ltd.: Product Offering Scorecard
Figure 48 Holley Metering, Limited: Business Strategy Scorecard
Figure 49 ICSA (India), Limited: Company Snapshot (2014)
Figure 50 ISCA (India), Limited: Product Offering Scorecard
Figure 51 ICSA (India), Limited: Business Strategy Scorecard
Figure 52 Aclara Technologies, LLC.: Product Offering Scorecard
Figure 53 Aclara Technologies, LLC.: Business Strategy Scorecard
Figure 54 Kamstrup A/S: Product Offering Scorecard
Figure 55 Kamstrup A/S: Business Strategy Scorecard
Figure 56 Wasion Group: Company Snapshot (2015)
Figure 57 Wasion Group: Product Offering Scorecard
Figure 58 Wasion Group: Business Strategy Scorecard
Figure 59 Jiangsu Linyang Energy Co.: Company Snapshot (2015)
Figure 60 Jiangsu Linyang Energy Co.: Product Offering Scorecard
Figure 61 Jiangsu Linyang Energy Co.: Business Strategy Scorecard
Figure 62 Atmel (Microchip) Corporation: Product Offering Scorecard
Figure 63 Atmel (Microchip) Corporation: Business Strategy Scorecard
Figure 64 Toshiba Corporation (Landis+GYR): Company Snapshot (2016)
Figure 65 Landis+GYR (Toshiba Corporation): Product Offering Scorecard
Figure 66 Landis+GYR (Toshiba Corporation): Business Strategy Scorecard

The global smart meters market is projected to grow at a CAGR of 9.34% from 2017 to 2022, to reach a market size of USD 19.98 Billion by 2022. This growth can be attributed to the rising investments in smart grid projects and increasing upgradation of transmission & distribution infrastructure, government policies, and energy conservation.

The report segments the smart meters market on the basis of technology such as Advanced Metering Infrastructure (AMI), and Automatic Meter Reading (AMR). The AMI are expected to constitute the fastest growing market from 2017 to 2022 because AMI reduces labour cost and several power, water, & gas utilities worldwide are replacing AMR with AMI infrastructure, further creating growth opportunities for the AMI market. The U.S. is the largest market for AMI.

The report segments the smart meters market based on application segment such as commercial, industrial, and residential. The residential segment is expected to grow at the fastest rate during the forecast period. Globally, residential application accounted for approximately 84% of the smart meter installations. The demand for smart meters in the residential sector is driven by factors such as a surge in demand for central systems and smart end-users (such as nanotechnologies, energy efficient lighting, electric heat pump, and home control network) appliances.

In this report, the smart meters market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, Middle East, and Africa. Asia-Pacific is expected to dominate the global smart meters market during the forecast period, owing to the extensive use of these solutions in the commercial, residential, as well as industrial sector.

The Asia-Pacific market is projected to grow at the highest CAGR from 2017 to 2022. The region is the largest market for the infrastructure sector and industrial sector and is taking various steps such as investments in smart grid, smart city & the gas pipeline networks, repair & upgradation of aging infrastructure, preventing electric, water, & gas theft, minimizing inaccurate metering & managing growing electricity, and water scarcity.

High installation costs for end-users could be a restraint of the smart meters market which might lead to decline in profit. Additionally, Radio Frequency (RF) emissions from smart meters are within the U.S. Federal Communications Commission (FCC) limits. However, some campaign groups (such as Stop Smart Meters U.K.) in both the U.K. and the U.S. believe smart meters to be an unnecessary health and security risks. Hence, these uncertainties with respect to smart meters would hinder the smart meters market growth.

Leading players in the smart meters market include Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), and Toshiba Corporation (Japan). Contracts and agreements was the most commonly adopted strategy by the top players. It was followed by new product developments, expansions and investments, and mergers & acquisitions.

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