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Global Smart Electric Meter Market: By Type: Advanced Metering Infrastructure (AMI), Automatic Meter Reading (AMR); By Phase; By Communication Type; By Technology Type; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Smart Electric Meter Market Outlook

The global smart electric meter industry reached a value of USD 10.8 billion in 2020. The industry is further expected to grow at a CAGR of 8% in the forecast period of 2021-2026 to reach a value of USD 17.2 billion by 2026.

 

Asia Pacific to Lead the Smart Electric Meter Market

Europe and Asia Pacific collectively held a significant share of the smart electric meter market share. The Asia Pacific is the largest and the fastest-growing region. China accounts for about nearly half of the global market. This is the main reason for the Asia Pacific to be the largest market. India is a vast economy with electric consumption on the rise. There is also various government initiative that the Indian government will undertake. India’s robust economy and untapped market and multiple advantages of the smart electric meter will cause it to grow at a high rate. India’s growth will be the primary reason for the Asia Pacific to be the fastest-growing region.

Shifting focus toward the adoption of energy efficient technologies coupled with increasing investments toward replacement of conventional systems with IoT based metering technology will augment the regional industry growth. Moreover, ongoing government incentives and subsidies toward the integration of smart systems across the grid infrastructure will fuel the product demand. Europe market will witness an upsurge during the forecast period due to rising regulatory inclination toward the adoption of policies and standards to effectively address energy theft and power outages.

 

Smart Electric Meter: Industry Definition and Segments

A smart electric meter is an electronic device that records the consumption of electrical energy and communicates the information to the electricity supplier for monitoring and billing on monthly or daily basis depending on requirement. The preciseness in terms of reading and eliminating manual involvement to note readings and produce electricity is the major advantage of smart electric meter.

Smart electric meter can be divided on the basis of type into the following:

  • Automatic Metering Infrastructure (AMI)
  • Automatic Meter Reading (AMR)

The industry can be classified on the basis of phase into:

  • Single Phase
  • Three Phase

On the basis of communication type, the industry can be divided into:

  • Power Line Communication
  • Radio Frequency
  • Cellular

On the basis of technology type, the market can be segmented into:

  • Power Line Communication
  • Radio Frequency

The industry finds its end uses in the following:  

  • Residential
  • Commercial
  • Industrial

The regional markets for smart electric market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Smart Grid Industry to Boost the Global Smart Electric Meter Industry

The essential driver increasing growth in the global smart electric market is growing in the smart grid market. To provide secure and efficient energy management on a regional level, utility providers are progressively focusing on the extensive deployment of smart grid systems. Growing focus on energy-efficient products and services, rising initiatives to solve energy need problems by smart electric meters by various governments, losses like fraud, costs, and theft involved in the manual collection are minimized with the use of the smart electric meter.

The smart electricity meter is an essential element of the smart grid system, which can offer bi-directional communication with data collection points, thus the smart grid market will directly affect the smart electric meter market. Increasing power consumption across residential establishments including apartments and multistorey buildings along with expanding commercial sector will drive the segment growth. Rapid expansion of distributed generation technology coupled with the advancement of microgrid networks will further spur the market growth trends.

 

Key Industry Players in the Global Smart Electric Meter Market

The report gives a detailed analysis of the following key players in the global smart electric meter market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Landis+Gyr AG
  • Xylem Inc
  • Elster Group (Honeywell International Inc)
  • Itron Inc.
  • Siemens AG
  • Aclara Technologies LLC
  • Microchip Technology Inc.
  • Wasion Group
  • Schneider Electric
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Smart Electric Meter Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Smart Electric Meter Historical Market (2016-2020) 
    8.3    Global Smart Electric Meter Market Forecast (2021-2026)
    8.4    Global Smart Electric Meter Market by Type
        8.4.1    Advanced Metering Infrastructure (AMI)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Automatic Meter Reading (AMR)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Smart Electric Meter Market by Phase
        8.5.1    Single Phase
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Three Phase
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Smart Electric Meter Market by Communication Type
        8.6.1    Power Line Communication
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Radio Frequency
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Cellular
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Smart Electric Meter Market by Technology Type
        8.7.1    Power Line Communication
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Radio Frequency
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
    8.8    Global Smart Electric Meter Market by End Use
        8.8.1    Residential
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Commercial
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    Industrial
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2016-2020)
            8.8.3.3    Forecast Trend (2021-2026)
    8.9    Global Smart Electric Meter Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Landis+Gyr AG
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Xylem Inc
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Elster Group (Honeywell International Inc)
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Itron Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Siemens AG
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Aclara Technologies LLC
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Microchip Technology Inc.
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Wasion Group
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Schneider Electric
            12.2.9.1    Company Overview
            12.2.9.2    Product Portfolio
            12.2.9.3    Demographic Reach and Achievements
            12.2.9.4    Certifications
        12.2.10    Others
13    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Figures and Tables

1.    Global Smart Electric Meter Market: Key Industry Highlights, 2016 and 2026
2.    Global Smart Electric Meter Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Smart Electric Meter Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Smart Electric Meter Historical Market: Breakup by Phase (USD Billion), 2016-2020
5.    Global Smart Electric Meter Market Forecast: Breakup by Phase (USD Billion), 2021-2026
6.    Global Smart Electric Meter Historical Market: Breakup by Communication Type (USD Billion), 2016-2020
7.    Global Smart Electric Meter Market Forecast: Breakup by Communication Type (USD Billion), 2021-2026
8.    Global Smart Electric Meter Historical Market: Breakup by End Use (USD Billion), 2016-2020
9.    Global Smart Electric Meter Market Forecast: Breakup by End Use (USD Billion), 2021-2026
10.    Global Smart Electric Meter Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Smart Electric Meter Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Smart Electric Meter Market Structure

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