Global Smart Meters Market Growth 2019-2024
Table of Contents
2019-2024 Global Smart Meters Consumption Market Report
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Smart Meters Consumption 2014-2024
- 2.1.2 Smart Meters Consumption CAGR by Region
- 2.2 Smart Meters Segment by Type
- 2.2.1 Single-phase smart meter
- 2.2.2 Three-phase smart meter
- 2.3 Smart Meters Consumption by Type
- 2.3.1 Global Smart Meters Consumption Market Share by Type (2014-2019)
- 2.3.2 Global Smart Meters Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global Smart Meters Sale Price by Type (2014-2019)
- 2.4 Smart Meters Segment by Application
- 2.4.1 Residential application
- 2.4.2 Commercial application
- 2.4.3 Industrial application
- 2.5 Smart Meters Consumption by Application
- 2.5.1 Global Smart Meters Consumption Market Share by Application (2014-2019)
- 2.5.2 Global Smart Meters Value and Market Share by Application (2014-2019)
- 2.5.3 Global Smart Meters Sale Price by Application (2014-2019)
3 Global Smart Meters by Players
- 3.1 Global Smart Meters Sales Market Share by Players
- 3.1.1 Global Smart Meters Sales by Players (2017-2019)
- 3.1.2 Global Smart Meters Sales Market Share by Players (2017-2019)
- 3.2 Global Smart Meters Revenue Market Share by Players
- 3.2.1 Global Smart Meters Revenue by Players (2017-2019)
- 3.2.2 Global Smart Meters Revenue Market Share by Players (2017-2019)
- 3.3 Global Smart Meters Sale Price by Players
- 3.4 Global Smart Meters Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global Smart Meters Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players Smart Meters Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
4 Smart Meters by Regions
- 4.1 Smart Meters by Regions
- 4.1.1 Global Smart Meters Consumption by Regions
- 4.1.2 Global Smart Meters Value by Regions
- 4.2 Americas Smart Meters Consumption Growth
- 4.3 APAC Smart Meters Consumption Growth
- 4.4 Europe Smart Meters Consumption Growth
- 4.5 Middle East & Africa Smart Meters Consumption Growth
5 Americas
- 5.1 Americas Smart Meters Consumption by Countries
- 5.1.1 Americas Smart Meters Consumption by Countries (2014-2019)
- 5.1.2 Americas Smart Meters Value by Countries (2014-2019)
- 5.2 Americas Smart Meters Consumption by Type
- 5.3 Americas Smart Meters Consumption by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Smart Meters Consumption by Countries
- 6.1.1 APAC Smart Meters Consumption by Countries (2014-2019)
- 6.1.2 APAC Smart Meters Value by Countries (2014-2019)
- 6.2 APAC Smart Meters Consumption by Type
- 6.3 APAC Smart Meters Consumption by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Smart Meters by Countries
- 7.1.1 Europe Smart Meters Consumption by Countries (2014-2019)
- 7.1.2 Europe Smart Meters Value by Countries (2014-2019)
- 7.2 Europe Smart Meters Consumption by Type
- 7.3 Europe Smart Meters Consumption by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Smart Meters by Countries
- 8.1.1 Middle East & Africa Smart Meters Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa Smart Meters Value by Countries (2014-2019)
- 8.2 Middle East & Africa Smart Meters Consumption by Type
- 8.3 Middle East & Africa Smart Meters Consumption by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Marketing, Distributors and Customer
- 10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
- 10.2 Smart Meters Distributors
- 10.3 Smart Meters Customer
11 Global Smart Meters Market Forecast
- 11.1 Global Smart Meters Consumption Forecast (2019-2024)
- 11.2 Global Smart Meters Forecast by Regions
- 11.2.1 Global Smart Meters Forecast by Regions (2019-2024)
- 11.2.2 Global Smart Meters Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
- 11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
- 11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
- 11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
- 11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
- 11.7 Global Smart Meters Forecast by Type
- 11.8 Global Smart Meters Forecast by Application
12 Key Players Analysis
- 12.1 Landis+Gyr
- 12.1.1 Company Details
- 12.1.2 Smart Meters Product Offered
- 12.1.3 Landis+Gyr Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.1.4 Main Business Overview
- 12.1.5 Landis+Gyr News
- 12.2 Itron
- 12.2.1 Company Details
- 12.2.2 Smart Meters Product Offered
- 12.2.3 Itron Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.2.4 Main Business Overview
- 12.2.5 Itron News
- 12.3 GE Digital Energy
- 12.3.1 Company Details
- 12.3.2 Smart Meters Product Offered
- 12.3.3 GE Digital Energy Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.3.4 Main Business Overview
- 12.3.5 GE Digital Energy News
- 12.4 Siemens
- 12.4.1 Company Details
- 12.4.2 Smart Meters Product Offered
- 12.4.3 Siemens Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.4.4 Main Business Overview
- 12.4.5 Siemens News
- 12.5 Kamstrup
- 12.5.1 Company Details
- 12.5.2 Smart Meters Product Offered
- 12.5.3 Kamstrup Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.5.4 Main Business Overview
- 12.5.5 Kamstrup News
- 12.6 Sensus
- 12.6.1 Company Details
- 12.6.2 Smart Meters Product Offered
- 12.6.3 Sensus Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.6.4 Main Business Overview
- 12.6.5 Sensus News
- 12.7 Elster Group
- 12.7.1 Company Details
- 12.7.2 Smart Meters Product Offered
- 12.7.3 Elster Group Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.7.4 Main Business Overview
- 12.7.5 Elster Group News
- 12.8 Silver Spring Networks
- 12.8.1 Company Details
- 12.8.2 Smart Meters Product Offered
- 12.8.3 Silver Spring Networks Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.8.4 Main Business Overview
- 12.8.5 Silver Spring Networks News
- 12.9 Aclara
- 12.9.1 Company Details
- 12.9.2 Smart Meters Product Offered
- 12.9.3 Aclara Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.9.4 Main Business Overview
- 12.9.5 Aclara News
- 12.10 Nuri Telecom
- 12.10.1 Company Details
- 12.10.2 Smart Meters Product Offered
- 12.10.3 Nuri Telecom Smart Meters Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.10.4 Main Business Overview
- 12.10.5 Nuri Telecom News
- 12.11 Sagemcom
- 12.12 Trilliant
- 12.13 Iskraemeco
- 12.14 Echelon
- 12.15 Tantalus Systems
- 12.16 ZIV
- 12.17 Sanxing
- 12.18 Linyang Electronics
- 12.19 Wasion Group
- 12.20 Haixing Electrical
- 12.21 Techrise Electronics
- 12.22 Chintim Instruments
- 12.23 XJ Measurement & Control Meter
- 12.24 Clou Electronics
- 12.25 HND Electronics
- 12.26 Longi
- 12.27 Hengye Electronics
- 12.28 Holley Metering
- 12.29 Wellsun Electric Meter
- 12.30 Sunrise
- 12.31 Xiou International Group
- 12.32 Pax Electronic Technlogy
- 12.33 Huayi Electronics
- 12.34 Changyi Group
- 12.35 Gaoke
- 12.36 Shenzhen Kaifa Technology
- 12.37 Risesun Group
- 12.38 Banner
- 12.39 Bada Instruments
- 12.40 Jinling Intelligent Electric Meter
13 Research Findings and Conclusion
A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. Smart meters enable two-way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting. Such an advanced metering infrastructure differs from traditional automatic meter reading in that it enables two-way communications with the meter.
The largest smart meters markets have been North America, Europe and APAC (particularly China). And the market is supplied by a combination of large multinational firms and smaller local manufacturers. The leading global firms include Landis+Gyr (based in Switzerland but owned by Toshiba Corp. of Japan), GE Digital Energy (United States), Itron (United States), Aclara (United States), Elster Group (Germany), Sensus (United States) and Holley Metering (China), among others. These companies tend to compete against each other globally to supply most of the largest smart meter markets. In many markets, these leading global firms also face competition from local manufacturers. In China, for example, local manufacturers supply the bulk of the market.
According to this study, over the next five years the Smart Meters market will register a 9.4% CAGR in terms of revenue, the global market size will reach US$ 13500 million by 2024, from US$ 7900 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Smart Meters business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Meters market by product type, application, key manufacturers and key regions and countries.
This study considers the Smart Meters value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Single-phase smart meter
Three-phase smart meter
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential application
Commercial application
Industrial application
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Landis+Gyr
Itron
GE Digital Energy
Siemens
Kamstrup
Sensus
Elster Group
Silver Spring Networks
Aclara
Nuri Telecom
Sagemcom
Trilliant
Iskraemeco
Echelon
Tantalus Systems
ZIV
Sanxing
Linyang Electronics
Wasion Group
Haixing Electrical
Techrise Electronics
Chintim Instruments
XJ Measurement & Control Meter
Clou Electronics
HND Electronics
Longi
Hengye Electronics
Holley Metering
Wellsun Electric Meter
Sunrise
Xiou International Group
Pax Electronic Technlogy
Huayi Electronics
Changyi Group
Gaoke
Shenzhen Kaifa Technology
Risesun Group
Banner
Bada Instruments
Jinling Intelligent Electric Meter
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Smart Meters consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Smart Meters market by identifying its various subsegments.
Focuses on the key global Smart Meters manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Smart Meters with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Smart Meters submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.