Smart Electricity Meters Market

Smart Electricity Meters Market by Phases (Single-phase and Three-phase), End-users (Residential, Commercial, and Industrial), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-3644
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 165
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The global smart electricity meters market size is expected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for energy and increasing advancements in the energy utility sector.

Smart Electricity Meters Market key takeawys

Smart electricity meter reduces response time to the resolution to hardware defect and energy failure. The support of organization to install these devices is projected to play a vital role in the industry growth.

The recent COVID -19 pandemic and existing lockdown covering the world has effected the deployment of smart meters globally. The supply chain disruption across the globe negatively impacted the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing implementation of policies for smart meters market is estimated to drive the growth of the market.
  • Growing adoption of smart meters in emerging countries such as India and China is expected to fuel the growth of the market.
  • Rising prominence on smart network enterprise is anticipated to proliferate the market growth in the projected timeline.
  • Growing adoption of Artificial Intelligence (AI) and advancement technologies is anticipated to proliferate the market growth in the coming years.

Scope of the Report

The report on the global smart electricity meters market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Electricity Meters Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Phases (Single-phase and Three-phase) and End-users (Residential, Commercial, Industrial)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

 ABB; GENERAL ELECTRIC; Holley Technology LTD.; Elster Group GmbH; Iskraemeco d.d.; Itron Inc.; Landis+Gyr; Schneider Electric, Inc.; and Siemens.

 

Smart Electricity Meters Market Segment Insights

Phase segment is expected to grow at a rapid pace

Based on phase, the market is bifurcated into single-phase and three-phase. The single-phase segment is expected to grow at a rapid pace during the forecast period. Rising performance in industrial and commercial applications is expected to proliferate the market segment. However, the third-phase segment is anticipated to hold a key share of the market in the coming years growing installation of three-phase electric meters due to rising energy demand across the globe.

Residential segment is projected to expand at a considerable CAGR

On the basis of end-users, the market is segregated into residential, commercial, and industrial. The residential segment is projected to expand at a considerable CAGR during the forecast period. Rising number of residential projects adopting smart meters is expected to drive the segment growth. On the other hand, the industrial segment is anticipated to account for a major market share during the forecast period. Rapid industrialization in emerging economies such as India and China is expected to spur the market segment growth.

Smart Electricity Meters Market by end users

North America is anticipated to constitute a key market share

In terms of regions, the global smart electricity meters market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period Smart meters are projected to promoted the better network management and principal focus on the areas for smart network projects. Moreover, increasing smart reticulation adoption proposals in selected areas along with organization and management adjustment and plan regularity in constituencies are some of the major factors of the regional market growth.
The market in Asia Pacific is anticipated to exhibit a robust pace during the forecast period. Increasing energy demand and rapid industrialization in emerging countries is expected to fuel the regional market growth. Moreover, the implementation of advanced hardware to reduce the recurring costs is spurring the market in Asia Pacific.

Smart Electricity Meters Market by regions

Segments

Segments Covered in the Report
The global smart electricity meters market has been segmented on the basis of

Phases

  • Single-phase
  • Three-phase
End-users
  • Residential
  • Commercial
  • Industrial
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • ABB
  • GENERAL ELECTRIC
  • Holley Technology LTD.
  • Elster Group GmbH.
  • Iskraemeco d.d.
  • Itron Inc.
  • Landis+Gyr.
  • Schneider Electric, Inc.
  • Siemens

Competitive Landscape

Key players competing in the global smart electricity meters market are ABB; GENERAL ELECTRIC; Holley Technology LTD.; Elster Group GmbH; Iskraemeco d.d.; Itron Inc.; Landis+Gyr; Schneider Electric, Inc.; and Siemens.

In October 2018, Portland general electric co. set up smart network to deliver high level of process allotment technologies to growing method of quality and the rising the assumption of smart electric meters.

Smart Electricity Meters Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Electricity Meters Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Electricity Meters Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Electricity Meters Market - Supply Chain
  4.5. Global Smart Electricity Meters Market Forecast
     4.5.1. Smart Electricity Meters Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Electricity Meters Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Electricity Meters Market Absolute $ Opportunity
5. Global Smart Electricity Meters Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Smart Electricity Meters Market Size and Volume Forecast by End Users
     5.3.1. Residential
     5.3.2. Commercial
     5.3.3. Industrial
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Smart Electricity Meters Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Electricity Meters Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Electricity Meters Demand Share Forecast, 2019-2026
7. North America Smart Electricity Meters Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Electricity Meters Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Electricity Meters Market Size and Volume Forecast by End Users
     7.4.1. Residential
     7.4.2. Commercial
     7.4.3. Industrial
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Electricity Meters Demand Share Forecast, 2019-2026
8. Latin America Smart Electricity Meters Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Electricity Meters Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Electricity Meters Market Size and Volume Forecast by End Users
     8.4.1. Residential
     8.4.2. Commercial
     8.4.3. Industrial
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Electricity Meters Demand Share Forecast, 2019-2026
9. Europe Smart Electricity Meters Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Electricity Meters Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Electricity Meters Market Size and Volume Forecast by End Users
     9.4.1. Residential
     9.4.2. Commercial
     9.4.3. Industrial
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Electricity Meters Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Electricity Meters Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Electricity Meters Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Electricity Meters Market Size and Volume Forecast by End Users
     10.4.1. Residential
     10.4.2. Commercial
     10.4.3. Industrial
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Electricity Meters Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Electricity Meters Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Electricity Meters Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Electricity Meters Market Size and Volume Forecast by End Users
     11.4.1. Residential
     11.4.2. Commercial
     11.4.3. Industrial
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Electricity Meters Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Electricity Meters Market: Market Share Analysis
  12.2. Smart Electricity Meters Distributors and Customers
  12.3. Smart Electricity Meters Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ABB
     12.4.2. GENERAL ELECTRIC
     12.4.3. Holley Technology LTD.
     12.4.4. Elster Group GmbH.
     12.4.5. Iskraemeco d.d.
     12.4.6. Itron Inc.
     12.4.7. Landis+Gyr.
     12.4.8. Schneider Electric, Inc.&

Segments Covered in the Report
The global smart electricity meters market has been segmented on the basis of

Phases

  • Single-phase
  • Three-phase
End-users
  • Residential
  • Commercial
  • Industrial
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • ABB
  • GENERAL ELECTRIC
  • Holley Technology LTD.
  • Elster Group GmbH.
  • Iskraemeco d.d.
  • Itron Inc.
  • Landis+Gyr.
  • Schneider Electric, Inc.
  • Siemens

Key players competing in the global smart electricity meters market are ABB; GENERAL ELECTRIC; Holley Technology LTD.; Elster Group GmbH; Iskraemeco d.d.; Itron Inc.; Landis+Gyr; Schneider Electric, Inc.; and Siemens.

In October 2018, Portland general electric co. set up smart network to deliver high level of process allotment technologies to growing method of quality and the rising the assumption of smart electric meters.

Smart Electricity Meters Market by key players

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