Smart Electric Meter Market - Global Industry Analysis

Global Smart Electric Meter Market by Phase (Single-phase and Three-phase) , By Communication Type (Power Line Communication, Radio Frequency and Cellular) , By End Use (Residential, Commercial and Industrial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2028

Category: Semiconductor & Electronics Report Format : PDF Report Code: ZMR-1055 Status : Published

The Global Smart Electric Meter Market accounted for USD 15,295.0 million in 2020 and is expected to reach USD 27,710.6 million by 2028, growing at a CAGR of 8.90% from 2021 to 2028.

Description

Market Overview

The Global Smart Electric Meter Market accounted for USD 15,295.0 million in 2020 and is expected to reach USD 27,710.6 million by 2028, growing at a CAGR of 8.90% from 2021 to 2028.

A smart electric meter is an electrical system that records the amount of electricity used over a period of time. These time cycles are usually an hour or less long. The data is then sent back to the utility and energy company for billing and reporting by the smart electric meter. This metre operates on a two-way contact system. The meter and the central system communicate with each other.

Smart energy metering devices are used to reduce peak electricity usage by allowing end-users to quickly track and reduce their power usage.

Low power generation eventually leads to unstable energy productivity because renewable energy output changes over time. However, since the metering system is capable of managing intermittent supply, it can compensate for this loss by monitoring the energy usage of different electronic devices.

COVID-19 Impact Analysis

The COVID-19 outbreak has had a major effect on the global smart meter market. The biggest influence on many smart meter vendors at the start of the COVID -19 was manufacturing issues due to halted manufacturing. Non-essential industries, as well as demand for smart meters in residential, commercial, and industrial settings, have declined as a result of the lockout steps. As a result, smart meter manufacturing and delivery are returning to normal stages. Sales have begun to rebound for a number of producers.

Despite the fact that the COVID-19 pandemic has briefly halted field work on many major smart metering programmes, the demand is projected to remain strong, with the total amount of smart metre shipments relatively unchanged over the next three years.

Growth Factors

One of the major growth drivers for the Smart Electric Meter Market is Government Initiatives. The global smart meter market is expected to develop at a rapid pace, owing to numerous government initiatives in major economies. Furthermore, funds from the American Recovery and Reinvestment Act (ARRA) have played an important role in the market's growth. The demand is also being boosted by the replacement of obsolete traditional meters and upgrades to outdated technology. The early penetration of smart meters, favourable government programmes, and strict regulations mandating smart meters in many states such as Texas and California are the factors driving consumer demand in the leading countries.

Another factor for the growth in this market is Development of Communication Network Infrastructure. The continuing and continual construction of the data network system helps to facilitate the production of advanced smart meters. The implementation of smart meters is aided by the availability of network networks such as 5G, 4G, radio frequency, and others. Manufacturers are continuously engaged in the development of advanced level smart meters in response to the expanding network infrastructure, thus contributing to the smart meters industry's growth.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Phase Segment Analysis Preview

The Smart Electric Meter Market is divided into single-phase and three-phase segments based on phase. The three-phase sub-segment is projected to expand more quickly than the single-phase sub-segment. This rise can be due to the fact that it is being used in more industrial and consumer applications. Three-phase electric meters can handle more load and allow you to split the load into three phases.

The construction of three-phase electric meters is expected to increase as the number of industries and commercial buildings grows. Furthermore, the three-phase electric meters versatility is opening the way for these meters to be used in residential applications. Furthermore, single-phase electric meters are mostly found in residential buildings with lower power loads than industrial buildings because they are less costly and more accessible to residential customers.

End Use Segment Analysis Preview

Residential, Commercial, and Industrial sub-segments make up the end-use market. Suburban/urban apartments and detached bungalows are included in the residential end-use category. Among which Residential segment has leading the market with 88% residential customers. The reason is the increasing device requirements to satisfy energy demand. Both commercial buildings and aligned infrastructures, such as hotels, residential lodges, small to large retail malls, and offices, are included in the commercial end-use segment. Drug manufacturing and processing plants are included in the industrial section.

Over the projected era, the commercial end-use segment is expected to expand at a healthy pace. The legislative, administrative structure, and rising awareness of reducing energy use and aligned expenditures are all contributing to this domain's development.

Region Segment Analysis Preview

The Smart Electric Meter Market is divided into five regions : North America, Europe, Asia Pacific, Latin America and Middle East Africa . Asia Pacific currently has the largest share of the Global Smart Electric Meters Market with 9.7% CAGR. It is due to the increasing adoption of smart meters to reduce unaccounted energy losses and put in tariff plans based on consumer use.

The installation of Smart Electric Meter has seen a significant increase in Europe.  The increased adoption of renewable energy sources has been a major factor driving the demand in the area. New grids are being built in response to the growing use of green energy sources. Smart metres are favoured for modern systems because they are a new system with significant benefits over conventional meters.

Smart Electric Meter have been widely used in the Middle East and Africa, as well as Latin America. In the coming years, big smart meters rollouts are likely in Brazil and Mexico, two major Latin American countries.

Key Market Players and Competitive Landscape

Some of the key players in the Smart Electric Meter Market include Itron, Siemens, Honeywell Elster, Osaki Electric, Sensus , Iskraemeco Group, Apator, Schneider Electric, General Electric, Larsen & Toubro Limited and others.

These key players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their smart meter market penetration.

Itron, which offers solutions to measure, control, and evaluate energy and water through smart electric meters and smart meters, acquired Comverge in June 2017, a company known for its automated cloud-based demand response, energy management, and customer service solutions.

Aclara purchased General Electric's power metering company in September 2015. Aclara's presence in the smart electric meters business was improved as a result of the acquisition. In the North American area, Aclara is known for its metering.

The Smart Electric Meter Market is segmented as follows:-

Phase

  • Single Phase
  • Three Phase

Communication type

  • Power Line Communication
  • Radio Frequency
  • Cellular

By End Use???????

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 : Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 : Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Phase
        • 2.1.1.2. Market Attractiveness Analysis, By Communication Type
        • 2.1.1.3. Market Attractiveness Analysis, By End Use
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Smart Electric Meter Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 : COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 : Smart Electric Meter Market – Phase Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Phase, 2020 & 2028
    • 4.2. Single Phase
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Three Phase
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 : Smart Electric Meter Market – Communication Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Communication Type, 2020 & 2028
    • 5.2. Power line Communication
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Radio Frequency
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Cellular
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 : Smart Electric Meter Market – End Use Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By End Use, 2020 & 2028
    • 6.2. Residential
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Commercial
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Industrial
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 : Smart Electric Meter Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Phase, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Communication Type, 2016 – 2028
      • 7.2.4. North America Market Revenue, By End Use, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Phase, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Communication Type, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By End Use, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Phase, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Communication Type, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By End Use, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Phase, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Communication Type, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By End Use, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Phase, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Communication Type, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By End Use, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Phase, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Communication Type, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By End Use, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Phase, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Communication Type, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By End Use, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Phase, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Communication Type, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By End Use, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Phase, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Communication Type, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By End Use, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Phase, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Communication Type, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By End Use, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Phase, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Communication Type, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By End Use, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Phase, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Communication Type, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By End Use, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Phase, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Communication Type, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By End Use, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Phase, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Communication Type, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By End Use, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Phase, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Communication Type, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By End Use, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Phase, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Communication Type, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By End Use, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Phase, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Communication Type, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By End Use, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Phase, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Communication Type, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By End Use, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Phase, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Communication Type, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By End Use, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Phase, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Communication Type, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By End Use, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Phase, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Communication Type, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By End Use, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Phase, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Communication Type, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By End Use, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Phase, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Communication Type, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By End Use, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Phase, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Communication Type, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By End Use, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Phase, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Communication Type, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By End Use, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Phase, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Communication Type, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By End Use, 2016 – 2028
  • Chapter No. 8 : Smart Electric Meter Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technology Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 : Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Smart Electric Meter Market: Company Market Share, 2019
      • 9.1.2. Global Smart Electric Meter Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Smart Electric Meter Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Smart Electric Meter Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 : Company Profiles
    • 10.1. Itron
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfolio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. Siemens
    • 10.3. Honeywell Elster
    • 10.4. Osaki Electric
    • 10.5. Sensus
    • 10.6. Iskraemeco Group
    • 10.7. Apator
    • 10.8. Schneider Electric
    • 10.9. General Electric
    • 10.10. Larsen & Toubro Limited
  • Chapter No. 11 : Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 : Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Phase
FIG NO. 2. Market Attractiveness Analysis, By Communication Type
FIG NO. 3. Market Attractiveness Analysis, By End Use
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Smart Electric Meter Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Phase, 2020 & 2028
FIG NO. 8. Global Smart Electric Meter Market for Single Phase, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Smart Electric Meter Market for Single Phase, By Country, 2020 & 2028
FIG NO. 10. Global Smart Electric Meter Market for Three Phase, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Smart Electric Meter Market for Three Phase, By Country, 2020 & 2028
FIG NO. 12. Market Revenue Share, By Communication Type, 2020 & 2028
FIG NO. 13. Global Smart Electric Meter Market for Power line Communication , Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Smart Electric Meter Market for Power line Communication , By Country, 2020 & 2028
FIG NO. 15. Global Smart Electric Meter Market for Radio Frequency, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Smart Electric Meter Market for Radio Frequency, By Country, 2020 & 2028
FIG NO. 17. Global Smart Electric Meter Market for Cellular, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Smart Electric Meter Market for Cellular, By Country, 2020 & 2028
FIG NO. 19. Market Revenue Share, By End Use, 2020 & 2028
FIG NO. 20. Global Smart Electric Meter Market for Residential, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Smart Electric Meter Market for Residential, By Country, 2020 & 2028
FIG NO. 22. Global Smart Electric Meter Market for Commercial, Revenue (USD Million) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Smart Electric Meter Market for Commercial, By Country, 2020 & 2028
FIG NO. 24. Global Smart Electric Meter Market for Industrial, Revenue (USD Million) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Smart Electric Meter Market for Industrial, By Country, 2020 & 2028
FIG NO. 26. Global Smart Electric Meter Market Revenue Share, By Region, 2020 & 2028
FIG NO. 27. North America Smart Electric Meter Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 28. Porter’s Five Forces Analysis for Global Smart Electric Meter Market
FIG NO. 29. PEST Analysis for Global Smart Electric Meter Market
FIG NO. 30. Pricing Analysis for Global Smart Electric Meter Market
FIG NO. 31. Value Chain Analysis for Global Smart Electric Meter Market
FIG NO. 32. Company Share Analysis, 2019
FIG NO. 33. Radar Determinant Chart, 2019
FIG NO. 34. Company Strategic Developments – Heat Map Analysis
FIG NO. 35. Itron Business Segment Revenue Share, 2020 (%)
FIG NO. 36. Itron Geographical Segment Revenue Share, 2020 (%)
FIG NO. 37. Market Channels
FIG NO. 38. Marketing Channel Development Trend
FIG NO. 39. Growth in World Gross Product, 2008-2018
FIG NO. 40. Research Methodology – Detailed View
FIG NO. 41. Research Methodology
 


List of Tables 

TABLE NO. 1. Global Smart Electric Meter Market: Snapshot
TABLE NO. 2. Quarterly Smart Electric Meter Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Smart Electric Meter Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Smart Electric Meter Market for Single Phase, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Smart Electric Meter Market for Three Phase, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Smart Electric Meter Market for Power line Communication , by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Smart Electric Meter Market for Radio Frequency, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Smart Electric Meter Market for Cellular, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Smart Electric Meter Market for Residential, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Smart Electric Meter Market for Commercial, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Smart Electric Meter Market for Industrial, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Smart Electric Meter Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 15. North America Smart Electric Meter Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 16. North America Smart Electric Meter Market Revenue, By Phase, 2016 – 2028 (USD Million)
TABLE NO. 17. North America Smart Electric Meter Market Revenue, By Communication Type, 2016 – 2028 (USD Million)
TABLE NO. 18. North America Smart Electric Meter Market Revenue, By End Use, 2016 – 2028 (USD Million)
TABLE NO. 19. U.S. Smart Electric Meter Market Revenue, By Phase, 2016 – 2028 (USD Million)
TABLE NO. 20. U.S. Smart Electric Meter Market Revenue, By Communication Type, 2016 – 2028 (USD Million)
TABLE NO. 21. U.S. Smart Electric Meter Market Revenue, By End Use, 2016 – 2028 (USD Million)
TABLE NO. 22. Canada Smart Electric Meter Market Revenue, By Phase, 2016 – 2028 (USD Million)
TABLE NO. 23. Canada Smart Electric Meter Market Revenue, By Communication Type, 2016 – 2028 (USD Million)
TABLE NO. 24. Canada Smart Electric Meter Market Revenue, By End Use, 2016 – 2028 (USD Million)
TABLE NO. 25. Mexico Smart Electric Meter Market Revenue, By Phase, 2016 – 2028 (USD Million)
TABLE NO. 26. Mexico Smart Electric Meter Market Revenue, By Communication Type, 2016 – 2028 (USD Million)
TABLE NO. 27. Mexico Smart Electric Meter Market Revenue, By End Use, 2016 – 2028 (USD Million)
TABLE NO. 28. Drivers for the Smart Electric Meter Market: Impact Analysis
TABLE NO. 29. Restraints for the Smart Electric Meter Market: Impact Analysis
TABLE NO. 30. Major Buyers of Smart Electric Meter
TABLE NO. 31. Distributors/Traders List of Smart Electric Meter
TABLE NO. 32. Global Smart Electric Meter Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 33. Global Smart Electric Meter Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)


 

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FrequentlyAsked Questions

The Smart Electric Meter Market was valued at USD 15.29 Billion in 2020.

The Smart Electric Meter Market is expected to reach USD 27.71 Billion by 2028, growing at a CAGR of 8.2 % between 2021 to 2028.

Government Initiatives and Development of Communication Network Infrastructure

plays as the major key factors in driving the Smart Electric Meter Market growth.

Due to the increasing adoption of smart metres to reduce unaccounted energy losses and put in tariff plans based on consumer use, Asia Pacific currently has the largest share of the Smart Electric Meter Market.

Some of the key players in the Smart Electric Meter Market include Itron, Siemens, Honeywell Elster, Osaki Electric, Sensus , Iskraemeco Group, Apator, Schneider Electric, General Electric, Larsen & Toubro Limited and others.

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