The Global Smart Electric Meter Market is segmented further based on Phase, Communication, End-user, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis
Introduction
The Global Smart Electric Meter Market is estimated to be USD 9.23 Bn in 2021 and is expected to reach USD 13.49 Bn by 2026, growing at a CAGR of 7.89%
Market Dynamics
Factors to be considered in driving the market are Advantages provided by smart electric meters to the electric companies. They are lowering the cost of electricity, eliminating manual monthly reading, and an instant monitoring system. Smart electric meters provide data regarding energy consumption to identify the significant energy-consuming device. Losses like fraud, costs, and theft involved in the manual collection are minimized using the smart electric meter. Rising demand for smart grids and energy efficiency in emerging industries. Rising initiative to use solar energy need by problem smart electric meter by various government. Increasing investment in innovative grid projects is an opportunity for flourishing this market. However, some factors such as High initial investment cost and delay in smart meter rollout projects may hinder the market growth. Challenges are Issues related to cybersecurity and data privacy.
Market Segmentation
The Global Smart Electric Meter Market is segmented further based on Phase, Communication, End-user, and Geography.
By Phase Type, the market is classified as Single and Three.
By Communication Technology Type, the market is classified as AMI and AMR.
By End User, the market is classified as Industrial, Commercial and Residential.
By Geography, Asia Pacific is projected to lead the market.
Recent Developments
Landis+Gyr launched Gridstream Connect, a next-generation IoT platform for utilities, consumers, and sensible cities. This new development can strengthen the company’s portfolio. – January 2018 to support its growing international businesses, Aclara opened a brand-new headquarters for global operations in Bilbao, Spain, and a brand-new workplace in Cambridge, UK. – May 2017
Schneider and Accenture unitedly have completed the Schneider electrical digital services industrial plant event that allows Schneider to speedily build and scale new offerings in areas like predictive maintenance, plus observance, and energy optimization. – April 2017
Company Profiles
Some of the companies covered in this report are Itron, Landis+Gyr (Toshiba Corporation), Jiangsu Linyang, Wasion, Aclara Technologies (Hubbell Incorporated), Schneider, Siemens, Honeywell, Iskraemeco, Kamstrup, Osaki Electric, Sensus, Circutor SA, Apator, General Electric, etc.
Countries Studied
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
IGR Competitive Quadrant
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Smart Electric Meter Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s proprietary competitive positioning tool.
Report Highlights:
A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Companies Mentioned
Companies Mentioned
Itron
Landis+Gyr (Toshiba Corporation)
Jiangsu Linyang
Wasion
Aclara Technologies (Hubbell Incorporated)
Schneider
Siemens
Honeywell
Iskraemeco
Kamstrup
Osaki Electric
Sensus
Circutor SA
Apator
General Electric
Larsen & Toubro Limited.
Xylem Inc.
ABB
ZPA smart energy
Secure meter limited
Holley Technology Ltd.
Jabil,
Xemex
EDMI Limited
EMH metering Gmbh & Co KG
- 1 Report Description
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Currency
- 1.4 Years Considered
- 1.5 Language
- 1.6 Key Shareholders
- 2 Research Methodology
- 2.1 Research Process
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.2.3 IGR Models
- 2.3 Market Size Estimation
- 2.3.1 Bottom-Up Approach
- 2.3.2 Top-Down Approach
- 2.4 Assumptions of the Study
- 2.5 Limitations of the Study
- 3 Executive Summary
- 3.1 Introduction
- 3.2 Market Size and Segmentation
- 3.3 Market Outlook
- 4 Market Influencers
- 4.1 Drivers
- 4.1.1 Cost Saving and Operational Advantage
- 4.1.2 Increase Awareness by Smart Electric Meter
- 4.1.3 Losses are Saving Due to Smart Meter
- 4.2 Restraints
- 4.2.1 High Initial Investment
- 4.2.2 Delay in Smart Meter
- 4.3 Opportunities
- 4.3.1 Surging Smart Grid
- 4.3.2 Rising Initiative to Use Solar Energy Increased
- 4.3.3 Increasing Investment in Smart Grid Projects
- 4.4 Challenges
- 4.4.1 Issues Related to Cyber Security and Data Privacy
- 5 Market Analysis
- 5.1 Porter’s Five Forces Analysis
- 5.2 Impact of COVID-19
- 5.3 Ansoff Matrix Analysis
- 6 Global Smart Electric Meter Market, By Phase Type
- 6.1 Introduction
- 6.2 Single
- 6.3 Three
- 7 Global Smart Electric Meter Market, By Communication Technology Type
- 7.1 Introduction
- 7.2 AMI (Advanced metering infrastructure)
- 7.2.1 Radio Frequency
- 7.2.2 Power line Communication
- 7.2.3 Cellular
- 7.3 AMR (Auto meter reading)
- 8 Global Smart Electric Meter Market, By End-User
- 8.1 Introduction
- 8.2Industrial
- 8.3 Commercial
- 8.3.1 Education
- 8.3.2 Healthcare
- 8.3.3 Retail
- 8.3.4 Logistics & transportation
- 8.3.5 Offices
- 8.3.6 Hospitality
- 8.3.7 Others
- 8.4 Residential
- 8.4.1 Single-family
- 8.4.2 Multifamily
- 9 Global Smart Electric Meter Market, By Geography
- 9.1 Introduction
- 9.2 America
- 9.2.1 Argentina
- 9.2.2 Brazil
- 9.2.3 Canada
- 9.2.4 Chile
- 9.2.5 Colombia
- 9.2.6 Mexico
- 9.2.7 Peru
- 9.2.8 United States
- 9.2.9 Rest of Americas
- 9.3 Europe
- 9.3.1 Austria
- 9.3.2 Belgium
- 9.3.3 Denmark
- 9.3.4 Finland
- 9.3.5 France
- 9.3.6 Germany
- 9.3.7 Italy
- 9.3.8 Netherlands
- 9.3.9 Norway
- 9.3.10 Poland
- 9.3.11 Russia
- 9.3.12 Spain
- 9.3.13 Sweden
- 9.3.14 Switzerland
- 9.3.15 United Kingdom
- 9.3.16 Rest of Europe
- 9.4 Middle East and Africa
- 9.4.1 Egypt
- 9.4.2 Israel
- 9.4.3 Qatar
- 9.4.4 Saudi Arabia
- 9.4.5 South Africa
- 9.4.6 United Arab Emirates
- 9.4.7 Rest of MEA
- 9.5 Asia-Pacific
- 9.5.1 Australia
- 9.5.2 Bangladesh
- 9.5.3 China
- 9.5.4 India
- 9.5.5 Indonesia
- 9.5.6 Japan
- 9.5.7 Malaysia
- 9.5.8 Philippines
- 9.5.9 Singapore
- 9.5.10 South Korea
- 9.5.11 Sri Lanka
- 9.5.12 Thailand
- 9.5.13 Taiwan
- 9.5.14 Rest of Asia
- 10 Competitive Landscape
- 10.1 IGR Competitive Quadrant
- 10.2 Market Share Analysis
- 10.3 Strategic Initiatives
- 10.3.1 M&A and Investments
- 10.3.2 Partnerships and Collaborations
- 10.3.3 Product Developments and Improvements
- 11 Company Profiles
- 11.1 Itron
- 11.2 Landis+Gyr (Toshiba Corporation)
- 11.3 Jiangsu Linyang
- 11.4 Wasion
- 11.5 Aclara Technologies (Hubbell Incorporated)
- 11.6 Schneider
- 11.7 Siemens
- 11.8 Honeywell
- 11.9 Iskraemeco
- 11.10 Kamstrup
- 11.11 Osaki Electric
- 11.12 Sensus
- 11.13 Circutor SA
- 11.14 Apator
- 11.15 General Electric
- 11.16 Larsen & Toubro Limited.
- 11.17 Xylem Inc.
- 11.18 ABB
- 11.19 ZPA smart energy
- 11.20 Secure meter limited
- 11.21 Holley Technology Ltd.
- 11.22 Jabil,
- 11.23 Xemex
- 11.24 EDMI Limited
- 11.25 EMH metering Gmbh & Co KG
- 12 Appendix
- 12.1 Questionnaire
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