Smart Meter Market Analysis By Product Type, By Product and Service Type and By Applications-Forecast To 2028
Price: US $ 3250 | Pages: 130 | Published Date: July-2023
The smart meter market is estimated to grow from USD 13 billion in 2022 to USD 18.5 billion by 2028, at a CAGR of approximately 6%. The future of the smart meter market creates new opportunities for smart meter manufacturers and players presence across the value chain. The smart meter market declined in 2020 due to COVID-19 and recovered in 2021. The major growth drivers for this market are government’s mandates for adoption of smart meters and benefits smart meter over traditional meter.
APAC is the largest along with the fastest growing region in the global smart meter market due to roll out of smart meters to replace traditional meters in China and India. Smart electricity meter is the largest segment for smart meter market.
Smart meter market is fragmented and some of the major players in this market include Landis + Gyr, Itron, Xylem (Sensus), Elster SE (Honeywell),Wasion Group, Aclara ( Part of Hubbell), Holley Technologies and others
The sample figures with some insights are shown below
Report Scope:
The scope of the global Smart Meter market report is as follows:
| Key Features | Description |
| Base Year | 2022 |
| Trend Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units Considered | Value ($ Million) |
| Market Segments | By Product Type (Electricity, Gas, and Water), By Application (Residential Building, Commercial Building, and Industrial. By Product & Services (Hardware, Software and Services) |
| Regional / Country | North America ( US, Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia Pacific (Japan, China, India, and Rest of APAC), and RoW |
Research Methodology
Market Investigate performed both primary as well as exhaustive secondary research for this study. Initially, Market Investigate analyzed all the leading smart meter manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the company personnel were enquired about their key products, revenues, manufacturing plant location, and competitors. For this study, Market Investigate conducted more than 20 interviews, the same are mentioned below:
By company type: Manufacturers (50%), Consumers (25%), Researchers (15%), Independent industry consultant (10%)
By geography: North America (25%), Asia (40%), Europe (25%), Rest of the World (15%)
By designation: Top level (40%), Operation level (20%), Mid-level (40%)
Market Investigate analyzed by product type, products & services, application, and regional presence of all major smart meter manufacturers across the globe. Market size for global smart meter was calculated by using bottom-up approach as well as top –down approach. Various secondary sources such as secondary sources directories, database, company annual reports, white papers, investor presentations and financial reports were also studied to estimate the market size and growth rate.
Table of Contents:
- Introduction
- Objectives and Scope of the Study
- Market Definition
- Research Methodology
- Executive summary
- Market Overview
- Introduction
- Supply Chain
- Industry Drivers and Challenges
- Emerging Trends
- Smart Meter Market, By Product Type
- Electricity
- Gas
- Water
- Smart Meter Market, By Product & Service
- Hardware
- Software
- Service
- Smart Meter Market, By Application
- Residential Building
- Commercial Building
- Industrial
- Smart Meter Market, By Geography
- Global Smart Meter Market by Region
- North American Smart Meter Market
- Market by Country
- US
- Canada
- Mexico
- Market by Product Type
- Market by Product & Service Type
- Market by Application
- Market by Country
- European Smart Meter Market
- Market by Country:
- UK
- Germany
- France
- Rest of Europe
- Market by Product Type
- Market by Product & Service Type
- Market by Application
- Market by Country:
- APAC Smart Meter Market
- Market by Country:
- China
- Japan
- Rest of APAC
- Market by Product Type
- Market by Product & Service Type
- Market by Application
- Market by Country:
- Rest of the World Smart Meter Market
- Market by Country:
- Brazil
- Others
- Market by Product Type
- Market by Product & Service Type
- Market by Application
- Market by Country:
- Market Attractiveness Analysis
- Growth Opportunities by Region
- Growth Opportunities by Product Type
- Growth Opportunities by Product & Service Type
- Growth Opportunities by Application
- Competitive Landscape
- Product Portfolio
- Market Share Analysis
- Strategic Analysis
- Porters Five Forces
- Company Profiles of Leading Players
- Landis + Gyr
- Itron
- Xylem (Sensus)
- Elster SE (Honeywell)
- Wasion Group,
- Aclara ( Part of Hubbell)
- Holley Technologies
Report Format : Power Point Presentation