Global Smart Meter Market (2022-2027) by Type, Communication, Component, Technology, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Smart Meter Market (2022-2027) by Type, Communication, Component, Technology, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis


The Global Smart Meter Market is estimated to be USD 15.45 Bn in 2022 and is expected to reach USD 24.11 Bn by 2027, growing at a CAGR of 9.31%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Smart Meter Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Smart Meter Market is segmented based on Type, Communication, Component, Technology, and Geography.

  • By Type, the market is classified into Smart Electric Meters, Smart Gas Meters, and Smart Water Meters.
  • By Communication, the market is classified into RF, PLC, and CELLULAR.
  • By Component, the market is classified into Hardwar and Software.
  • By Technology, the market is classified into AMI and AMR.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.
Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Schneider Electric, Landis+GYR, Itron Gamesa, Siemens, Wasion Group, Badger Meter, Sensus (Xylem), Honeywell International, Larsen & Toubro, Kamstrup, 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.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Smart Meter Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

Infogence Global Research analyses the using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, Infogence Global Research has devised suitable strategies for market growth.

Why buy this report?
  • The report offers a comprehensive evaluation of the Global Smart 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 an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using IGR Positioning Quadrants, Infogence' 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

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
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, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Supportive Government Policies and Financial Incentives for Digitalization of Grids
4.1.2 Increased Need to Monitor Utility Systems in Real Time
4.1.3 Reduced Blackouts and Failures of Utility Systems
4.2 Restraints
4.2.1 High Set Up and Operational Costs for Utility Suppliers to Switch from Traditional to Smart Meters
4.2.2 Reduced Investment Toward Infrastructure Development and Low Return on Investment
4.3 Opportunities
4.3.1 Focus of Governments Worldwide on Reducing Aggregate Technical and Commercial Losses
4.3.2 Integration of Artificial Intelligence (AI) and Machine Learning (ML) Technologies Into Smart Meters
4.3.3 Adoption of Electric and Hybrid Vehicles by Consumers
4.4 Challenges
4.4.1 Maintenance, Security, and Integrity of Smart Meters and Associated Data
4.4.2 Dependency on Reliable Connections Between Smart Meters and Smart Grid Devices
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Smart Meter Market, By Type
6.1 Introduction
6.2 Smart Electric Meters
6.3 Smart Gas Meters
6.4 Smart Water Meters
7 Global Smart Meter Market, By Communication
7.1 Introduction
7.2 RF
7.3 PLC
8 Global Smart Meter Market, By Component
8.1 Introduction
8.2 Hardware
8.2.1 Power Systems
8.2.2 Microcontrollers
8.2.3 Communication Interface
8.3 Software
8.3.1 Customer Information System
8.3.2 Meter Data Management System
8.3.3 Metering and Billing Software
9 Global Smart Meter Market, By Technology
9.1 Introduction
9.2 AMI
9.3 AMR
10 Americas’ Smart Meter Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe’s Smart Meter Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe
12 Middle East and Africa’s Smart Meter Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA
13 APAC’s Smart Meter Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 IGR Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 Schneider Electric
15.2 Landis+GYR
15.3 Itron Gamesa
15.4 Siemens
15.5 Wasion Group
15.6 Badger Meter
15.7 Sensus (Xylem)
15.8 Honeywell International
15.9 Larsen & Toubro
15.10 Kamstrup
15.11 Genus Power Infrastructures
15.12 Aclara Technologies
15.13 Osaki Electric
15.14 Sagemcom UK
15.15 Iskraemeco
15.16 Jiangsu Linyang Energy
15.17 Hexing Electrical
15.18 Networked Energy Services
15.19 Pietro Fiorentini
15.20 Secure Meters
16 Appendix
16.1 Questionnaire

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