736 , Shakti Khund III , New Delhi
+1778-732-2565

Global Smart Meter Market By Type(Electric Meter, Gas Meter, others), By Technology (Advanced Metering Infrastructure, Automated meter reading ), By End-User (Residential, Commercial, Others), By Region–Forecast & Opportunities to 2026

Report Description

Smart meter market was valued to USD 15.0 billion in 2019. Smart meter market is projected to grow at CAGR 6.0% from the period of 2020-2026.

However, COVID19 has impacted the market immensely. Due to shut down of industries because of lockdown all over the globe, the supply of raw material and production of new product has been halted for few months. The market has hit by covid19 and expected to showcase some decline.

Definition:

Smart meter is an electronic device which is utilized in sectors such as residential, commercial and industrial. It is used to record voltage levels, consumption of electricity and current etc. Smart meter allows user to monitors the power consumption and also to reduce it accordingly. It gives accurate and precise data of power consumption. It signifies user about their consumption in a short-interval to them clarity of their usage.

Market Dynamics (Drivers/Opportunities):

Smart meter are much in demand as it is used lower the peak electricity demand. As the use of electronic gadgets is rising rapidly, the use of electricity is also increasing. Smart meter allows users to monitor electricity use and helps in reduce it. This drives the market and increase the demand of smart meter.

The demand for highly accurate and precise measurement of power consumption has been increasing. This factor drives the market to foresee growth in near future. Besides residential sectors the commercial and industrial sectors are also installing smart electric meters leading to rapid growth in this sector.

Many favorable government policies are also driving smart meter market. They are also guiding consumers to install smart meter to have clarity of their usage and clarity about reducing power consumption on daily basis.

Market Insights, by Type

Based on type the smart meter is segmented into electric meter, gas meter and water meter. Smart electric meter has accounted for the highest market share in 2019. Electric meter is expected to dominate the market during the forecast period. Smart electric meter market growth in future is to be driven by the demand for the accurate and precise measurement of power consumption for sectors such as residential, commercial and industrial sectors.

Market Insights, by Technology

Based on technology the smart meter market is divided into AMI and AMR. In 2019 the AMR technology has dominated the market by registering highest market share. AMR technology is popular as it collects the data from meter and sends it to central database in order to give correct billing information. AMR is lower in cost when compared to AMI hence it is expected to register highest growth during forecast period

Market Insights, by End-user

Based on end-user the smart meter market is segmented into residential, commercial and industrial sector. Residential accounts for maximum market share in 2019. The residential sector involves apartments, bungalows, resident houses in urban, suburban and rural areas. Residential sector is expected to dominate the market and grow at a highest CAGR.

The commercial sector involves all the commercial buildings such as hotels, restaurant, shopping complexes and malls etc. The use of smart meter has been increasing and it expected to showcase a potential growth during the forecast year.

Regional Insights

Asia-Pacific region has the maximum market share in smart meter market. Asia-pacific is region is projected to grow at revenue based CAGR of XX% during the forecast period of 2020-2026. China in Asia-pacific region has accounted for maximum market share and it is expected to continue dominate the market over the forecast period.

Key Companies & Market Share Insights

The key players of Smart Meter Market are Schneider electric, Siemens AG, Landis+Gyr, Xylem, Aclara technology, Badger meter, Honeywell, Itron Inc, EDMI, Apator Group, DIEHL Metering, Zenner, Kamstrup A/S , Holley technology.

Segments Covered in the Report

This report forecasts The Smart Meter Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the smart meter market report on the basis of type, technology, end-user and region.

Smart Meter Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • ValueChain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Smart Meter Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Electric meter
  • Gas meter
  • Water meter
  1. Smart Meter Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Advanced Metering Infrastructure (AMI)
  • Automated meter reading (AMR)
  1. Smart Meter Market, By End-User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Residential sector
  • Commercial sector
  • Industrial sector
  1. Smart Meter Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Technology
    • BY End-User
    • BY Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Technology
      • BY End-User
      • BY Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Technology
        • BY End-User
        • BY Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Technology
          • BY End-User
          • BY Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Technology
            • BY End-User
            • BY Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Holley technology.
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Schneider electric
    • Siemens AG
    • Landis+Gyr,
    • Xylem
    • Aclara technology
    • Badger meter
    • Honeywell
    • Itron Inc
    • EDMI,
    • Apator Group
    • DIEHL Metering
    • Zenner, Kamstrup A/S ,
    • Badger
    • Apator S.A.
  2. Appendix
    • Interrelated Market

Q Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

Please share your details to receive a sample copy of the report

Single User : $3750
Multi User : $6100
Buy Now

 

Why Choose Us

  • 24*7 Post Sales Support
  • Speak to Analyst for Presentations
  • 15% Free Customization
  • Global, Regional & Country level reports
  • Special Discounts for Startups & Educational Institutions

Questions ?

  • What is 15% Free Customization?
  • What is Report Subscription?
  • What is the Delivery Time of the Report?

What You Get

Data Excel Sheets

Report in PDF

Report Subscription

Analyst Support

What's Included

Market Intelligence

Competitive Intelligence

Opportunities and Challenges

Strategic Recommendations