Market Research Logo

Global Smart Electric Meter Market 2017-2021

Global Smart Electric Meter Market 2017-2021

About Smart Electric Meter

Smart electric meters are utility meters that estimate the energy consumption and gauge the consumption patterns at an advanced level. These meters are often used in the residential segment.

Technavio’s analysts forecast the global smart electric meter market to grow at a CAGR of 8.83% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart electric meter market for 2017-2021. To calculate the market size, the report considers the new installations of smart electric meter market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Smart Electric Meter Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Itron
  • Landis+Gyr
  • Schneider Electric
  • Sensus
Other prominent vendors
  • Advanced Electronics Company
  • EKM Metering
  • Elster Group (owned by Honeywell)
  • Holley Metering
  • Jiaxing Eastron Electronic Instruments
  • Kamstrup
  • LINYANG Energy
  • Murata Power Solutions
  • Simpson Electric
Market driver
  • Loopholes in traditional analog electric meters
  • For a full, detailed list, view our report
Market challenge
  • High cost of the product
  • For a full, detailed list, view our report
Market trend
  • Rising patent filings
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Smart Electric Meter Market 2017-2021

Technavio recognizes the following companies as the key players in the global smart electric meter market: Itron, Landis+Gyr, Schneider Electric, and Sensus.

Other Prominent Vendors in the market are: Advanced Electronics Company, EKM Metering, Elster Group (owned by Honeywell), Holley Metering, Jiaxing Eastron Electronic Instruments, Kamstrup, LINYANG Energy, Murata Power Solutions, and Simpson Electric.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising patent filings. The smart electricity meter market is witnessing increased expenditure by vendors on their R&D activities, leading to product innovations and safety. In addition, the vendors in the market are working to reduce the cost of upgrades as well as maintenance. Changing technology, growing demand, and changes in consumer preferences are forcing vendors to deliver the meters with high efficiency to survive the commoditization in the market.”

According to the report, one of the major drivers for this market is loopholes in traditional analog electric meters. The traditional analog meter readings have errors and require more than one reading to track the energy used. Technavio estimates the error rate of these traditional meters to be around 3%, which can be avoided by installing smart electric meters. As smart meters do not require manual calculations, this reduces human intervention and chances of errors.

Further, the report states that one of the major factors hindering the growth of this market is high cost of the product. The installation cost of smart electric meters is comparatively higher than that of traditional meters. The return on investment for these meters is realized within a span of five to eight years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-power-global-smart-electric-meter-market-2017-2021

Companies Mentioned

Landis+Gyr, Schneider Electric, Sensus, Advanced Electronics Company, EKM Metering, Elster Group (owned by Honeywell), Holley Metering, Jiaxing Eastron Electronic Instruments, Kamstrup, LINYANG Energy, Murata Power Solutions, and Simpson Electric.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview of smart electric meters
      • Table Features of different technologies used in AMR
      • Table Application of communication technologies for smart electric meters
  • Market landscape
    • Market overview
      • Table Market overview of global smart electric meter market
      • Table Global smart electric meter market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global smart electric meter market by end-user
      • Table Global smart electric meter market by end-user segmentation 2016 and 2021 (%)
      • Table The global smart meter market by end-user segmentation 2016-2021 ($ billions)
    • Global smart electric meter market by residential segment
      • Table Global smart electric meter market by residential segment 2016-2021 ($ billions)
    • Global smart electric meter market by commercial segment
      • Table Global smart electric meter market by commercial segment 2016-2021 ($ billions)
    • Global smart electric meter market by industrial segment
      • Table Global smart electric meter market by industrial segment 2016-2021 ($ billions)
  • Geographical segmentation
    • Global smart electric meter market by geography
      • Table Smart electric meter market by geographical segmentation 2016-2021 (%)
      • Table Smart meter market by geographical segmentation 2016-2021 ($ billions)
    • Smart electric meter market in the Americas
      • Table Smart electric meter market in the Americas 2016-2021 ($ billions)
    • Smart electric meter market in APAC
      • Table Smart electric meter market in APAC 2016-2021 ($ billions)
      • Table Growing urbanization rates 2015 and 2020(%)
    • Smart electric meter market in EMEA
      • Table Smart electric meter market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global electrification rate 2014
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table AMI operational costs break-up (over 20 years, %)
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Rising patent filings
      • Table Major patent filings in smart electric meter market (as per ranking)
    • Growing demand for wireless smart meters
    • Introduction of usage-based tariff plans
    • HAN connectivity for remote access
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors (indicative list)
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Itron
      • Table Itron: Operating segments
      • Table Itron: Key products
    • Landis+Gyr
      • Table Landis+Gyr: Key products
    • Schneider Electric
      • Table Schneider Electric: Key products
    • Sensus
      • Table Sensus: Reporting segments
      • Table Sensus: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report