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Smart Electric Meter Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 180 Pages
SKU # FOB19224233

Description

Smart Electric Meter Market



Growth Factors of Smart Electric Meter Market

The global smart electric meter market size was valued at USD 24.08 billion in 2023 and is projected to grow from USD 25.98 billion in 2024 to USD 51.56 billion by 2032, exhibiting a CAGR of 8.94% during the forecast period of 2024-2032.

The COVID-19 pandemic disrupted the Smart Electric Meter Market by delaying installations and delivery chains. However, it also spurred demand for clever meters as utilities sought advanced far-flung tracking in response to converting electricity consumption, impeding the smart electric meter market growth.

The Smart Electric Meter Market is propelled by growing demand for energy performance and authorities tasks helping intelligent grid technology. IoT and communication technology advancements also decorate smart meters, making them appealing to software companies aiming for advanced operational efficiency.

Advanced metering infrastructure (AMI) is a crucial aspect of clever grids, allowing real-time monitoring and control of strength consumption. By presenting accurate and timely statistics on energy usage, AMI empowers clients to make informed choices and reduce their power intake, expanding the smart electric meter market share globally. When combined with IoT-enabled devices, AMI can create comprehensive home power management systems, taking into account even more control and efficiency.

Comprehensive Analysis of Smart Electric Meter Market

The Smart Electric Meter Market is segmented by type into superior metering infrastructure (AMI) and auto meter studying (AMR). AMI is expected to look the very best adoption because of its two-way conversation benefits and aid for renewable power. Although AMR holds a more significant proportion of installations, AMI regularly changes it. By software, the marketplace is divided into residential, business, industrial, and others. The residential segment is anticipated to dominate due to improved calls for transparency in energy utilization and decreased strength losses, even as different sectors will see steady growth.

The Asia Pacific region led the smart electric meter market by benefitting a size of USD 13.67 billion in 2023 due to the growing adoption of intelligent meters geared toward decreasing unaccounted strength losses and enforcing tariff plans.

The leading players in the smart electric meter market play a crucial role in shaping its growth and setting industry standards. Key companies, including Aclara (U.S.), GE (U.S.), Itron, Inc. (U.S.), Landis+Gyr (Switzerland), Kamstrup (Denmark), Honeywell (U.S.), Siemens (Germany), Sensus (U.S.), ABB (Switzerland), ZPA Smart Energy (Czech Republic), Secure Meter Limited (India), Holley Technology Ltd (China), Jabil (U.S.), Xemex (Belgium), EDMI Limited (Singapore), EMH Metering GmbH & Co KG (Germany), and Schneider Electric (France), contribute to a competitive landscape, driving innovation and market growth.

In May 2023, Honeywell added the Next Generation Mobile Module (NXCM), designed to facilitate an Advanced Measurement Infrastructure (AMI) solution. This cutting-edge era upgrades old fuel and water meters into intelligent meters with no additional price. The module allows for wireless connectivity of meters through existing public cell networks, improving monitoring, safety, and data evaluation for each carrier company and their customers.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.94% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type
  • Advanced Metering Infrastructure
  • Auto Meter Reading
By Application
  • Residential
  • Industrial
  • Commercial
  • Others
By Region
  • North America (By Type, By Application, and By Country)
  • U.S. (By Type)
  • Canada (By Type)
  • Europe (By Type, By Application, and By Country)
  • U.K. (By Type)
  • Germany (By Type)
  • France (By Type)
  • Sweden (By Type)
  • Italy (By Type)
  • Spain (By Type)
  • Norway (By Type)
  • The Netherland (By Type)
  • Denmark (By Type)
  • Rest of Europe (By Type)
  • Asia Pacific (By Type, By Application, and By Country)
  • China (By Type)
  • Japan (By Type)
  • India (By Type)
  • South Korea (By Type)
  • Australia (By Type)
  • Rest of Asia Pacific (By Type)
  • Latin America (By Type and By Application, By Country)
  • Brazil (By Type)
  • Mexico (By Type)
  • Rest of Latin America (By Type)
  • Middle East and Africa (By Type and By Application, By Country)
  • GCC (By Type)
  • South Africa (By Type)
  • Rest of MEA (By Type)


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Table of Contents

180 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Porters Five Forces Analysis
4.5. Impact of COVID-19 on the Smart Electric Meter Market
5. Global Smart Electric Meter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. Advanced Metering Infrastructure
5.2.2. Auto Meter Readings
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Residential
5.3.2. Commercial
5.3.3. Industrial
5.3.4. Others
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
6. North America Smart Electric Meter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type
6.2.1. Advanced Metering Infrastructure
6.2.2. Auto Meter Readings
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Residential
6.3.2. Commercial
6.3.3. Industrial
6.3.4. Others
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S. Market Analysis and Forecast – By Type
6.4.1.1. Advanced Metering Infrastructure
6.4.1.2. Auto Meter Readings
6.4.2. Canada Market Analysis and Forecast – By Type
6.4.2.1. Advanced Metering Infrastructure
6.4.2.2. Auto Meter Readings
7. Europe Smart Electric Meter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Type
7.2.1. Advanced Metering Infrastructure
7.2.2. Auto Meter Readings
7.3. Market Analysis, Insights and Forecast – By Application
7.3.1. Residential
7.3.2. Commercial
7.3.3. Industrial
7.3.4. Others
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. Italy Market Analysis and Forecast – By Type
7.4.1.1. Advanced Metering Infrastructure
7.4.1.2. Auto Meter Readings
7.4.2. Spain Market Analysis and Forecast – By Type
7.4.2.1. Advanced Metering Infrastructure
7.4.2.2. Auto Meter Readings
7.4.3. France Market Analysis and Forecast – By Type
7.4.3.1. Advanced Metering Infrastructure
7.4.3.2. Auto Meter Readings
7.4.4. UK Market Analysis and Forecast – By Type
7.4.4.1. Advanced Metering Infrastructure
7.4.4.2. Auto Meter Readings
7.4.5. Sweden Market Analysis and Forecast – By Type
7.4.5.1. Advanced Metering Infrastructure
7.4.5.2. Auto Meter Readings
7.4.6. Norway Market Analysis and Forecast – By Type
7.4.6.1. Advanced Metering Infrastructure
7.4.6.2. Auto Meter Readings
7.4.7. Netherlands Market Analysis and Forecast – By Type
7.4.7.1. Advanced Metering Infrastructure
7.4.7.2. Auto Meter Readings
7.4.8. Germany Market Analysis and Forecast – By Type
7.4.8.1. Advanced Metering Infrastructure
7.4.8.2. Auto Meter Readings
7.4.9. Denmark Market Analysis and Forecast – By Type
7.4.9.1. Advanced Metering Infrastructure
7.4.9.2. Auto Meter Readings
7.4.10. Rest of Europe Market Analysis and Forecast – By Type
7.4.10.1. Advanced Metering Infrastructure
7.4.10.2. Auto Meter Readings
8. Asia Pacific Smart Electric Meter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Type
8.2.1. Advanced Metering Infrastructure
8.2.2. Auto Meter Readings
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Residential
8.3.2. Commercial
8.3.3. Industrial
8.3.4. Others
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China Market Analysis and Forecast – By Type
8.4.1.1. Advanced Metering Infrastructure
8.4.1.2. Auto Meter Readings
8.4.2. Japan Market Analysis and Forecast – By Type
8.4.2.1. Advanced Metering Infrastructure
8.4.2.2. Auto Meter Readings
8.4.3. South Korea Market Analysis and Forecast – By Type
8.4.3.1. Advanced Metering Infrastructure
8.4.3.2. Auto Meter Readings
8.4.4. Australia Market Analysis and Forecast – By Type
8.4.4.1. Advanced Metering Infrastructure
8.4.4.2. Auto Meter Readings
8.4.5. India Market Analysis and Forecast – By Type
8.4.5.1. Advanced Metering Infrastructure
8.4.5.2. Auto Meter Readings
8.4.6. Rest of Asia Pacific Market Analysis and Forecast – By Type
8.4.6.1. Advanced Metering Infrastructure
8.4.6.2. Auto Meter Readings
9. Latin America Smart Electric Meter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Type
9.2.1. Advanced Metering Infrastructure
9.2.2. Auto Meter Readings
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Residential
9.3.2. Commercial
9.3.3. Industrial
9.3.4. Others
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Brazil Market Analysis and Forecast – By Type
9.4.1.1. Advanced Metering Infrastructure
9.4.1.2. Auto Meter Readings
9.4.2. Mexico Market Analysis and Forecast – By Type
9.4.2.1. Advanced Metering Infrastructure
9.4.2.2. Auto Meter Readings
9.4.3. Rest of Latin America Market Analysis and Forecast – By Type
9.4.3.1. Advanced Metering Infrastructure
9.4.3.2. Auto Meter Readings
10. Middle East & Africa Smart Electric Meter Market Analysis (USD Billion), Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Type
10.2.1. Advanced Metering Infrastructure
10.2.2. Auto Meter Readings
10.3. Market Analysis, Insights and Forecast – By Application
10.3.1. Residential
10.3.2. Commercial
10.3.3. Industrial
10.3.4. Others
10.4. Market Analysis, Insights and Forecast – By Country
10.4.1. GCC Market Analysis and Forecast – By Type
10.4.1.1. Advanced Metering Infrastructure
10.4.1.2. Auto Meter Readings
10.4.2. South Africa Market Analysis and Forecast – By Type
10.4.2.1. Advanced Metering Infrastructure
10.4.2.2. Auto Meter Readings
10.4.3. Rest of Middle East & Africa Market Analysis and Forecast – By Type
10.4.3.1. Advanced Metering Infrastructure
10.4.3.2. Auto Meter Readings
11. Competitive Analysis
11.1. Company Market Share Analysis, 2023
11.2. Company Profile
11.2.1. Aclara
11.2.1.1. Business Overview
11.2.1.2. Product & Service Offering
11.2.1.3. Overall Revenue
11.2.1.4. Geographic Presence
11.2.1.5. Recent Development
11.2.2. GE
11.2.2.1. Business Overview
11.2.2.2. Product & Service Offering
11.2.2.3. Overall Revenue
11.2.2.4. Geographic Presence
11.2.2.5. Recent Development
11.2.3. Itron, Inc.
11.2.3.1. Business Overview
11.2.3.2. Product & Service Offering
11.2.3.3. Overall Revenue
11.2.3.4. Geographic Presence
11.2.3.5. Recent Development
11.2.4. Landis+Gyr
11.2.4.1. Business Overview
11.2.4.2. Product & Service Offering
11.2.4.3. Overall Revenue
11.2.4.4. Geographic Presence
11.2.4.5. Recent Development
11.2.5. Kamstrup
11.2.5.1. Business Overview
11.2.5.2. Product & Service Offering
11.2.5.3. Overall Revenue
11.2.5.4. Geographic Presence
11.2.5.5. Recent Development
11.2.6. Honeywell
11.2.6.1. Business Overview
11.2.6.2. Product & Service Offering
11.2.6.3. Overall Revenue
11.2.6.4. Geographic Presence
11.2.6.5. Recent Development
11.2.7. Siemens
11.2.7.1. Business Overview
11.2.7.2. Product & Service Offering
11.2.7.3. Overall Revenue
11.2.7.4. Geographic Presence
11.2.7.5. Recent Development
11.2.8. Sensus
11.2.8.1. Business Overview
11.2.8.2. Product & Service Offering
11.2.8.3. Overall Revenue
11.2.8.4. Geographic Presence
11.2.8.5. Recent Development
11.2.9. ABB
11.2.9.1. Business Overview
11.2.9.2. Product & Service Offering
11.2.9.3. Overall Revenue
11.2.9.4. Geographic Presence
11.2.9.5. Recent Development
11.2.10. ZPA Smart Energy
11.2.10.1. Business Overview
11.2.10.2. Product & Service Offering
11.2.10.3. Overall Revenue
11.2.10.4. Geographic Presence
11.2.10.5. Recent Development
11.2.11. Secure Meter Limited
11.2.11.1. Business Overview
11.2.11.2. Product & Service Offering
11.2.11.3. Overall Revenue
11.2.11.4. Geographic Presence
11.2.11.5. Recent Development
11.2.12. Holley Technology Ltd
11.2.12.1. Business Overview
11.2.12.2. Product & Service Offering
11.2.12.3. Overall Revenue
11.2.12.4. Geographic Presence
11.2.12.5. Recent Development
11.2.13. Jabil
11.2.13.1. Business Overview
11.2.13.2. Product & Service Offering
11.2.13.3. Overall Revenue
11.2.13.4. Geographic Presence
11.2.13.5. Recent Development
11.2.14. Xemex
11.2.14.1. Business Overview
11.2.14.2. Product & Service Offering
11.2.14.3. Overall Revenue
11.2.14.4. Geographic Presence
11.2.14.5. Recent Development
11.2.15. EDMI Limited
11.2.15.1. Business Overview
11.2.15.2. Product & Service Offering
11.2.15.3. Overall Revenue
11.2.15.4. Geographic Presence
11.2.15.5. Recent Development
11.2.16. EMH Metering GmbH & Co KG
11.2.16.1. Business Overview
11.2.16.2. Product & Service Offering
11.2.16.3. Overall Revenue
11.2.16.4. Geographic Presence
11.2.16.5. Recent Development
11.2.17. Schneider Electric
11.2.17.1. Business Overview
11.2.17.2. Product & Service Offering
11.2.17.3. Overall Revenue
11.2.17.4. Geographic Presence
11.2.17.5. Recent Development
12.

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