Smart Meters Market

Smart Meters Market by Type (Electric, Gas, Water), Communication Type (RF, PLC, Cellular), Component (Hardware, Software), Technology (AMR, AMI), End-user (Residential, Commercial, Industrial), and Region - Global Forecast to 2025

Report Code: EP 3297 Mar, 2020, by marketsandmarkets.com

Smart Meters Market

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:

  • Schneider Electric (France)
  • Landis+Gyr (Switzerland)
  • Itron (US)
  • Siemens (Germany)
  • Wasion Group (China)
  • Badger Meter (US)
  • Sensus (Xylem) (US)
  • Honeywell International (US)
  • Larsen & Toubro (India)
  • Kamstrup (Denmark)

  • Schneider Electric (France)- Schneider Electric is a manufacturer of electrical equipment. The company’s key business focus is the digital transformation of energy management and automation for homes, data centers, buildings, industries, and infrastructure. The company has two major business segments, namely, Energy Management and Industrial Automation. The Energy Management segment is further divided into Low Voltage, Medium Voltage, and Secure Power businesses.
  • Landis+Gyr (Switzerland)- Landis+Gyr 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 company has three key strategic business platforms: Smart Metering, Grid Edge Intelligence, and Smart Infrastructure. Landis+Gyr also provides the software solution Gridstream for smart meters operation. The software’s key functions include integrating communication technologies and providing real-time data analysis.
  • Itron (US)- Itron is a solution provider for communicating, collecting, and analyzing electric, gas, and water usage data. The company is a manufacturer and designer of Automatic Meter Reading (AMR) systems and computer based electronic meter reading. The company operates in three business segments, namely, Device Solutions, Networked Solutions, and Outcomes. The company offers smart meters under the Networked Solutions segment and the smart meter analytics offerings and meter data management in the Outcomes segment.
  • Siemens (Germany)- Siemens is a manufacturer of engineering solutions for automation and control, power, transportation, and medical diagnosis. The company’s key focus is intelligent infrastructure for distributed energy systems and buildings, digitalization and automation in the manufacturing and process industries, power distribution, conventional and renewable power generation, smart mobility solutions for road and rail, digital healthcare services, and medical technology. Siemens operates in six business segments, such as Digital Industries, Smart Infrastructure, Gas and Power, Mobility, Siemens Healthineers, and Siemens Gamesa Renewable Energy. Smart meter offerings of the company fall under its Smart Infrastructure business segment.
  • Wasion Group (China)- Wasion Group is a manufacturer and distributor of energy measurement instruments. The company provides electric energy meters, smart water meters, gas meters, remote automatic meter reading equipment, energy monitoring devices, ultrasonic heat meters, and other products. The company operates in three business segments, namely, Power Advanced Metering Infrastructure, Communication and Fluid Advanced Metering Infrastructure, and Advanced Distribution Operations. Wasion Group provides smart meter under power advanced metering infrastructure. The company also provides power quality monitoring devices, load management terminals, and user management devices.
  • Badger Meter (US)- Badger Meter is a manufacturer of equipment for measuring the flow of gases and liquids in a variety of applications. The company offers industrial process meters, water meters and associated systems, wastewater meters, natural gas instruments, small valves, and automotive fluid meters. The company operates in two business segments, namely, Municipal Water and Flow Instrumentation. The company offers complete water metering solutions, including mechanical or static (ultrasonic) water meters, along with the related radio and software technologies and services.
  • Sensus (Xylem) (US)- Sensus (Xylem) is a provider of metering product technology and utility infrastructure systems. The company is a distributor of a wide range of industrial, commercial, cooling, heating, and residential meters. The company operates in three business segments, namely, Water Infrastructure, Applied Water, and Measurement & Control Solutions. Sensus provides smart meter products under its Measurement & Control Solutions segment. Along with smart meter products, it also provides test and software under the Measurement & Control Solutions segment.
  • Honeywell International (US)- Honeywell International provides security and sensing technologies for commercial buildings, aerospace services and products, productivity and safety solutions, advanced materials, and energy efficient solutions and products. Elster Group, a wholly owned subsidiary of Honeywell, is one of the well-established providers of gas, electricity, and water meters, and related communication, network, and software solutions. The company operates in four business segments, namely, Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.
  • Larsen & Toubro (India)- Larsen & Toubro manufactures engineering equipment and undertakes wide ranging engineering projects. The company provides products such as switchgears, feed milling plants, food processing machinery, dairy machinery, road rollers, bulldozers, and chemical and pharmaceutical plants. The company operates in 10 business segments, namely, Infrastructure, Power, Heavy Engineering, Defence Engineering, Electrical & Automation, Hydrocarbon, IT & Technology Services, Financial Services, Developmental Projects, and Others.
  • Kamstrup (Denmark)- Kamstrup is a systems solution manufacturer for energy metering and is a key player in the smart water meters industry. The principal business activities of the company are production, sales, and installation of smart energy and water meters, relating reading systems, and data analysis tools and services. The company operates in two business segments, namely, System & Service and Components. The company invests in R&D activities for enhancing its product portfolio with an aim to meet the current demand and expectations of the smart metering industry.

Smart Meters Market and Top End-user Industries

Top end-user industries in smart meters market are:

  • Residential
  • Commercial
  • Industrial

  • Residential- It comprises all households, including individual houses and apartment buildings. The demand for smart meters from the residential sector is driven by the increasing power consumption due to the increased use of home appliances such as air conditioners, televisions, lighting, refrigerators, ceiling fans, cloth washers, dish washers, personal computers, and heating and air-conditioning equipment at residential buildings.
  • Commercial- The smart meter market in the commercial sector is being driven largely by the expansion and development of commercial facilities. Commercial end user segment comprises non-residential facilities, including offices buildings, stores, municipal buildings, data centers, schools, religious centers, gymnasiums, libraries, museums, warehouses, medical centers, hotels, malls, airports, warehouses, and garages.
  • Industrial- Industrial end users include industrial facilities that manufacture food, paper and pulp, chemicals, iron and steel, nonferrous metal; gas utilities; water utilities; and refining, mining, and construction facilities. The industrial sector offers good opportunities for the smart meters market as most of the industrial end users rely on continuous power and water supply.

Smart Meters Market and Top Technologies

Top technologies in smart meters market are:

  • AMI
  • AMR

  • AMI- AMI enables the gathering and transfer of energy and utility usage information in near real-time. AMI technology smart meters are the backbone of smart grid projects, and the increasing spending on smart grid projects acts as a key driver for the AMI smart meter technology. Smart meters based on AMI technology comprise various hardware and software components, all of which play a role in measuring energy consumption and transmitting information about energy, water, and gas usage to utility companies and customers.
  • AMR- AMR metering technology collects consumption data from smart meters and transfers it to a central database at the utility station for billing purposes. This technology can be used for one-way communication only. It is a conventional smart metering technology and, hence, is used worldwide.

Smart Meters Market by Type

Top type in smart meters market are:

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

  • Smart Electric Meters- Smart electric meter measures a consumer’s electricity consumption and enables two-way communication between the meter and the central system of the power utility. It records consumption of electric energy in intervals of usually an hour and communicates this information back to the utility for billing and monitoring purposes.
  • Smart Gas Meters- Like a smart electric meter, a smart gas meter is an equipment for measuring the amount of gas consumed at home, building, and industrial facilities. These smart meters use communication network to automatically transmit the signal with the gas utilities on an hourly or daily basis, which helps in improving the accuracy of bills, increasing energy efficiency, and reducing fuel poverty.
  • Smart Water Meters - Smart water meter is a measuring device that optimizes various operations such as measuring the water consumption data and transmitting the data through communication networks, either radio channels or ethernet or other wireless media for billing purposes. In addition, smart water meters are used for monitoring pressure, leakage, and wastage with the help of inbuilt sensors; and carrying out other data analysis.

Smart Meters Market and Top Communication Type

Top communication type in smart meters market are:

  • RF
  • PLC
  • Cellular

  • RF- RF is the communication technology whose frequencies lie in the range of 20 kHz to 300 GHz. Typically, these are used in radio communications. Smart meters use low-energy radio frequency waves to transmit information over longer distances. Long-range systems reduce the cost of deployments as fewer RF signal concentrators are required to serve the same number of smart meters.
  • PLC- PLC is a communication technology that uses electrical wiring to simultaneously transmit both data and electric power without any interference as both are at different frequencies. PLC is a stable, reliable, and well-known technology and is being used for many years for home automation and electrical grid application, especially in Europe.
  • Cellular- Smart meters use cellular-based communication technology such as GPRS or 3G/4G network for operations. The technology has advantages such as quick service, low investment cost, and good performance. This is best fit in the regions where the PLC or RF mesh solutions are either inaccessible or too expensive.

Smart Meters Market and Top Component Type

Top component type in smart meters market are:

  • Hardware
  • Software

  • Hardware- Smart meter hardware includes power sources, microcontroller units, and communication modules. Manufacturers are increasingly aiming to design hardware components with a high level of system integration and simplified design to keep the smart meters compact and cost efficient.
  • Software- The critical software components of smart meters include the Customer Information System (CIS), Meter Data Management System (MDMS), and metering and billing software. Software help in managing the operations of smart meters once deployed by the utilities. Smart meter software help in identifying abnormal utility consumption patterns and accurate billing calculation of consumers.

[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.

Smart Meters Market

The smart electric segment is projected to have the largest share of the smart meters market during the forecast period

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 cellular segment is expected to be the fastest-growing market, by communication type, during the forecast period

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 residential segment is expected to be the fastest-growing market segment in the smart meters industry, by end-user, during the forecast period

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.

Smart Meters Market

Asia Pacific is expected to be the largest market during the forecast period

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.

Key Market Players

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.

Scope of the Report

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.

By Type

  • Electric
  • Gas
  • Water

By Communication Type

  • RF
  • PLC
  • Cellular

By Component Type

  • Hardware
  • Software

By Technology Type

  • AMI
  • AMR

By End-User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Recent Developments

  • In January 2020, Landis+Gyr introduced Revelo electric meters with advanced grid sensing technology.
  • In January 2020, Itron launched a 4G LTE smart metering solution that provides broad territory coverage, low latency, and network longevity using 4G LTE technology.
  • In March 2019, Wasion Group won a contract with Guizhou Power Grid Corporation to deliver items such as communications and terminal products, smart meters, and smart power solutions.

Key Questions Addressed by the Report

  • What are the industry trends that would be seen over the next five years?
  • Which of the smart meters elements is likely to lead by 2025?
  • Which of the end-user segments is expected to have the maximum opportunity to grow during the forecast period?
  • Which would be the leading region with the highest smart meters market share by 2025?
  • How are companies implementing organic and inorganic strategies to gain increased market share?

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.

Secondary Research

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.

Primary Research

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:

Smart Meters Market

Market Size Estimation

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:

  • The key players in the industry and demand have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

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.

Report Objectives

  • To define, describe, segment, and forecast the smart meters market based on type, communication type, component, technology, end-user, and region
  • To provide detailed information on the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the smart meters market with respect to individual growth trends, future expansions, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the growth of the smart meters market with respect to the main regions North America, South America, Europe, Asia Pacific, and Middle East & Africa)
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies*
  • To track and analyze competitive developments such as contracts & agreements, investments & expansions, new product developments, and mergers & acquisitions in the smart meters market

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Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Smart Meters Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Smart Meters Market

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Report Code
EP 3297
Published ON
Mar, 2020
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