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Smart Electricity Meter Market Research Report By Technology (Smart Grid, Wireless Communication, Automatic Meter Reading, Advanced Metering Infrastructure), By End User (Residential, Commercial, Industrial, Utility Providers), By Phase (Single Phase and

Publisher Market Research Future
Published Feb 28, 2025
Length 161 Pages
SKU # RESFT19915155

Description

The Smart Electricity Meter Market Industry is anticipated to experience a compound annual growth rate (CAGR) of 7.02% throughout the forecast period.

The Global Smart Electricity Meter Market is being propelled by the increasing demand for energy management that is more efficient and the necessity to decrease energy consumption. The increasing environmental concerns are compelling utilities and consumers to adopt technologies that facilitate more accurate monitoring of energy consumption. Additionally, regulatory mandates and government initiatives that prioritize smart grid technologies are significant drivers of market expansion. The modernization of antiquated systems is being facilitated by ongoing investments in smart infrastructure, which is resulting in a greater adoption of smart meters in the residential, commercial, and industrial sectors.

The utilization of these technologies facilitates the collection and administration of data, thereby facilitating more accurate forecasting and enhanced customer engagement. Another opportunity for expansion arises from the transition to renewable energy sources, as smart meters enable the more efficient integration of solar, wind, and other sustainable energy sources into existing grids.

Market segment insights
The Smart Electricity Meter market is segmented by region, technology, end users, and phase.

The market is divided into two segments: Single Phase and Three Phase. In 2023, the Single-Phase segment accounted for the largest market revenue share at 84.94%. It is anticipated that this segment will experience the quickest CAGR growth rate of 6.70% during the projected timeframe.

Market segmentation is based on technology, including Smart Grid, Wireless Communication, Automatic Meter Reading, and Advanced Metering Infrastructure. The Advanced Metering Infrastructure segment accounted for the largest market revenue share of 67.09% in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.11% during the forecast period.

The market is segmented into Residential, Industrial, Commercial, and Utility Providers based on End Users. In 2023, the Residential segment accounted for the largest market revenue share at 80.31%. It is anticipated that this segment will experience the quickest CAGR growth rate of 6.68% during the projected timeframe.

Regional Perspectives
Driven by robust adoption rates of advanced metering infrastructure (AMI) and government incentives that prioritize sustainability and energy efficiency, North America is a substantial region in the global smart electricity meter market. The United States is the market leader, with utilities actively deploying smart meters in the residential, commercial, and industrial sectors.

The adoption of smart electricity meters in Europe has experienced rapid development because of the European Union's ambitious objectives to reduce carbon emissions and enhance energy efficiency. Smart meter deployments are being spearheaded by several countries, such as the United Kingdom, Germany, France, and Spain. Some of these countries have implemented national rollouts.

The global smart electricity meter market is anticipated to expand at the quickest rate in the Asia Pacific region. The demand for smart meters is fueled by the accelerated urbanization, industrialization, and rising energy consumption of countries such as China, India, and Japan.

Major Players
Enel X, Landis+Gyr, Oracle, Elster Group, Sensus, RPS Energy, Schneider Electric, Siemens, Kamstrup, Iskraemeco, Metering Technologies, General Electric, Nuri Telecom, Honeywell, and Itron are among the key companies in the Smart Electricity Meter Market.

Table of Contents

161 Pages
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.5.3 Primary Research: Regional Coverage
3.6 Approaches For Market Size Estimation:
3.6.1 Trade Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Rising Demand For Energy Efficiency
4.2.2 Government Initiatives And Regulations
4.3 Restraint
4.3.1 High Initial Investment Costs
4.3.2 Data Privacy And Security Concerns
4.4 Opportunity
4.4.1 Expansion In Emerging Markets
4.4.2 Integration With Smart Home Technologies
4.5 Impact Analysis Of Covid-19
4.5.1 Impact On Supply
4.5.2 Impact On Demand
4.6 Impact Of Russia-ukraine War
4.7 Impact Of Economic Recession By Region
4.7.1 North America
4.7.2 Europe
4.7.3 Asia Pacific
4.7.4 South America
4.7.5 Middle East & Africa
5 Market Factor Analysis
5.1 Supply/Value Chain Analysis
5.1.1 Participants
5.1.1.1 Raw Materials Suppliers
5.1.1.1.1 List Of Raw Materials Suppliers (Company Name, Headquarter, Raw Materials, Contact Details)
5.1.1.1.2 Trends
5.1.1.2 Manufacturers
5.1.1.2.1 List Of Manufacturers (Company Name, Headquarter, Contact Details)
5.1.1.2.2 Trends
5.1.1.3 Distributors
5.1.1.3.1 List Of Distributors (Company Name, Headquarter, Contact Details)
5.1.1.4 End Users
5.1.1.4.1 List Of Potential End Users
5.1.1.4.2 Customer Need, Preferences, Pain Points, & End Use Industries
5.2 Porter’s Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Suppliers
5.2.3 Threat Of Substitutes
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Business Environment Analysis
5.3.1 Pestle Analysis
5.4 Technology Advancements
5.4.1 Advanced Diagnostics
5.4.2 Cybersecurity Innovations
5.4.3 Sustainability Integration
5.5 Tariffs, Standards, And Regulatory Landscape
5.5.1 Tariffs
5.5.2 Certification And Standards
5.5.2.1 Iec Standards
5.5.2.2 Iee Standards
5.5.3 Government Regulations & Policies
5.6 Research And Development Review
5.6.1 Current Scenario
5.6.2 Future Roadmap
5.6.3 Challenges
5.6.4 Novel Application
5.6.5 Key Developments
5.7 Case Study/ Use Cases
6 Global Smart Electricity Meter Market, By Phase
6.1 Introduction
6.1.1 Single Phase
6.1.2 Three Phase
7 Global Smart Electricity Meter Market, By Technology
7.1 Introduction
7.1.1 Smart Grid
7.1.2 Wireless Communication
7.1.3 Automatic Meter Reading
7.1.4 Advanced Metering Infrastructure
8 Global Smart Electricity Meter Market, By End-users
8.1 Introduction
8.1.1 Residential
8.1.2 Industrial
8.1.3 Commercial
8.1.4 Utility Providers
9 Global Smart Electricity Meter Market, By Region
9.1 Introduction
9.2 North America
9.2.1 Us
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 Uk
9.3.3 France
9.3.4 Russia
9.3.5 Italy
9.3.6 Spain
9.3.7 Rest Of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Malaysia
9.4.6 Thailand
9.4.7 Indonesia
9.4.8 Rest Of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest Of South America
9.6 Middle East & Africa
9.6.1 Gcc Countries
9.6.2 South Africa
9.6.3 Rest Of Middle East & Africa
10 Competitive Landscape
10.1 Introduction
10.2 Company Market Share Analysis, 2023 (%)
10.3 Competitor Dashboard
10.4 Comparative Analysis: Key Players Financial, 2023
10.5 Key Developments & Growth Strategies
10.5.1 New Product Launch/Service Deployment
10.5.2 Investment
10.5.3 Capacity Expansion
10.5.4 Agreement
11 Company Profiles
11.1 Xylem Inc.
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products Offered
11.1.4 Key Developments
11.1.5 Swot Analysis
11.1.6 Key Strategy
11.2 Itron
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offered
11.2.4 Key Developments
11.2.5 Swot Analysis
11.2.6 Key Strategy
11.3 Honeywell
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offered
11.3.4 Key Developments
11.3.5 Swot Analysis
11.3.6 Key Strategy
11.4 Kamstrup
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products Offered
11.4.4 Key Developments
11.4.5 Swot Analysis
11.4.6 Key Strategy
11.5 Networked Energy Services
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offered
11.5.4 Key Developments
11.5.5 Swot Analysis
11.5.6 Key Strategy
11.6 Siemens
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offered
11.6.4 Key Developments
11.6.5 Swot Analysis
11.6.6 Key Strategy
11.7 Schneider Electric
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Products Offered
11.7.4 Key Developments
11.7.5 Swot Analysis
11.7.6 Key Strategy
11.8 Landis+Gyr
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Products Offered
11.8.4 Key Developments
11.8.5 Swot Analysis
11.8.6 Key Strategy
11.9 Hubbell Incorporated
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products Offered
11.9.4 Key Developments
11.9.5 Swot Analysis
11.9.6 Key Strategy
11.10 Osaki Electric Co., Ltd.
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Products Offered
11.10.4 Key Developments
11.10.5 Swot Analysis
11.10.6 Key Strategy
11.11 Data Citations
List Of Tables
Table 1 Qfd Modeling For Market Share Assessment
Table 2 Global Smart Electricity Meter Market, By Phase, 2018–2032 (Usd Million)
Table 3 Global Smart Electricity Meter Market, By Technology, 2018–2032 (Usd Million)
Table 4 Global Smart Electricity Meter Market, By End-users, 2018–2032 (Usd Million)
Table 5 Global Smart Electricity Meter Market, By Region, 2018–2032 (Usd Million)
Table 6 North America: Smart Electricity Meter Market Value, By Country, 2018-2032 (Usd Million)
Table 7 North America: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
Table 8 North America: Smart Electricity Meter Market, Value, By Technology, 2018-2032 (Usd Million)
Table 9 North America: Smart Electricity Meter Market, Value, By End Users, 2018-2032 (Usd Million)
Table 10 Us: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
Table 11 Us: Smart Electricity Meter Market, Value, By Technology, 2018-2032 (Usd Million)
Table 12 Us: Smart Electricity Meter Market, Value, By End Users, 2018-2032 (Usd Million)
Table 13 Canada: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
Table 14 Canada: Smart Electricity Meter Market, Value, By Technology, 2018-2032 (Usd Million)
Table 15 Canada: Smart Electricity Meter Market, Value, By End Users, 2018-2032 (Usd Million)
Table 16 Mexico: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
Table 17 Mexico: Smart Electricity Meter Market, Value, By Technology, 2018-2032 (Usd Million)
Table 18 Mexico: Smart Electricity Meter Market, Value, By End Users, 2018-2032 (Usd Million)
Table 19 Europe: Smart Electricity Meter Market Value, By Country, 2018-2032 (Usd Million)
Table 20 Europe: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
Table 21 Europe: Smart Electricity Meter Market, Value, By Technology, 2018-2032 (Usd Million)
Table 22 Europe: Smart Electricity Meter Market, Value, By End Users, 2018-2032 (Usd Million)
Table 23 Germany: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
Table 24 Germany: Smart Electricity Meter Market, Value, By Technology, 2018-2032 (Usd Million)
Table 25 Germany: Smart Electricity Meter Market, Value, By End Users, 2018-2032 (Usd Million)
Table 26 Uk: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
Table 27 Uk: Smart Electricity Meter Market, Value, By Technology, 2018-2032 (Usd Million)
Table 28 Uk: Smart Electricity Meter Market, Value, By End Users, 2018-2032 (Usd Million)
Table 29 France: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
Table 30 France: Smart Electricity Meter Market, Value, By Technology, 2018-2032 (Usd Million)
Table 31 France: Smart Electricity Meter Market, Value, By End Users, 2018-2032 (Usd Million)
Table 32 Russia: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
Table 33 Russia: Smart Electricity Meter Market, Value, By Technology, 2018-2032 (Usd Million)
Table 34 Russia: Smart Electricity Meter Market, Value, By End Users, 2018-2032 (Usd Million)
Table 35 Italy: Smart Electricity Meter Market Value, By Phase, 2018-2032 (Usd Million)
List Of Figures
Figure 1 Global Smart Electricity Meter Market (By Region), 2023
Figure 2 Global Smart Electricity Meter Market Snapshot, 2023
Figure 3 Global Smart Electricity Meter Market: Structure
Figure 4 Global Smart Electricity Meter Market: Market Growth Factor Analysis (2018-2032)
Figure 5 Investment In Energy Efficiency Worldwide From 2020 To 2023, With A Forecast For 2030(In Trillion U.S. Dollars)
Figure 6 Driver Impact Analysis (2024-2032)
Figure 7 Challenge Impact Analysis (2024-2032)
Figure 8 Supply Chain: Global Smart Electricity Meter Market
Figure 9 Porter's Five Forces Analysis Of The Smart Electricity Meter Market
Figure 10 Pestle Analysis: Global Smart Electricity Meter Market
Figure 11 Global Smart Electricity Meter Market, By Phase, 2023 (% Share)
Figure 12 Global Smart Electricity Meter Market, By Technology, 2023 (% Share)
Figure 13 Global Smart Electricity Meter Market, By End-users, 2023 (% Share)
Figure 14 Global Smart Electricity Meter Market, By Region, 2023, (Share %)
Figure 15 Smart Electricity Meter Major Players Market Share Analysis, 2023 (%)
Figure 16 Benchmarking Of Major Competitors
Figure 17 Comparative Analysis: Key Players Financial, 2023
Figure 18 Xylem Inc.: Financial Overview Snapshot
Figure 19 Xylem Inc.: Swot Analysis
Figure 20 Itron: Financial Overview Snapshot
Figure 21 Itron: Swot Analysis
Figure 22 Honeywell: Financial Overview Snapshot
Figure 23 Honeywell: Swot Analysis
Figure 24 Kamstrup: Financial Overview Snapshot
Figure 25 Kamstrup: Swot Analysis
Figure 26 Networked Energy Services: Swot Analysis
Figure 27 Siemens: Financial Overview Snapshot
Figure 28 Siemens: Swot Analysis
Figure 29 Schneider Electric: Financial Overview Snapshot
Figure 30 Schneider Electric: Swot Analysis
Figure 31 Landis+Gyr: Financial Overview Snapshot
Figure 32 Landis+Gyr: Swot Analysis
Figure 33 Hubbell Incorporated: Financial Overview Snapshot
Figure 34 Hubbell Incorporated: Swot Analysis
Figure 35 Osaki Electric Co., Ltd.: Financial Overview Snapshot
Figure 36 Osaki Electric Co., Ltd.: Analysis

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