Smart Electricity Meter Market Size, Share, Opportunities, And Trends By Phase (Single Phase, Three Phase), By End User (Residential, Commercial, And Industrial), And By Geography - Forecasts From 2025 To 2030

Description

Smart Electricity Meter Market Size:

The smart electricity meter market is set to climb from USD 25.205 billion in 2025 to USD 42.110 billion in 2030, at a CAGR of 10.81%.

The smart electricity meter is a device that is used to accurately monitor electrical usage and send usage information to manage energy usage effectively. Factors such as favorable government policies, growing investments in smart grid projects, and rising up-gradation of infrastructure are anticipated to bolster the growth of the smart electricity market.

The market is expected to propel due to the benefits offered by it such as cost-cutting in meter reading, efficiency, and others. Furthermore, increasing investments in smart homes and a corresponding rise in demand for smart electricity meters to reduce electricity wastage by automatically turning off the electricity will continue to boost the market growth during the forecast period. However, factors such as high installation costs and lack of awareness may hamper the market growth.

The recent outbreak of the novel coronavirus disease affected the Smart Electricity Meter industry negatively. The lockdown was implemented in most parts of the world and there were trade restrictions and strict Covid-19 guidelines due to which the supply chain was disrupted. There was a halt in the production of smart electricity meters during that period and the demand was also reduced. But after the lifting of the lockdown and the ease of trade and production, the industry has been recovering and is anticipated to come to its normal flow from the years 2021 onwards.

The Smart Electricity Meter market has been classified on the basis of phase, end-user, and geography. By Phase, the market has been classified on the basis of Single Phases and Three Phases. On the basis of End Users, the segmentation has been done into Residential, Commercial, and Industrial. Geographically, the market for Smart Electricity Meter has been distributed in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Smart Electricity Meter Market Segmentation:

• By Component
  • Hardware
  • Software
  • Services
• By Phase
  • Single Phase
  • Three Phase
• By End-User
  • Residential
  • Commercial
  • Industrial
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. SMART ELECTRICITY METER MARKET BY COMPONENT

5.1. Introduction

5.2. Hardware

5.3. Software

5.4. Services

6. SMART ELECTRICITY METER MARKET BY PHASE

6.1. Introduction

6.2. Single Phase

6.3. Three Phase

7. SMART ELECTRICITY METER MARKET BY END-USER

7.1. Introduction

7.2. Residential

7.3. Commercial 

7.4. Industrial

8. SMART ELECTRICITY METER MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Component

8.2.2. By Phase

8.2.3. By End-User

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Component

8.3.2. By Phase

8.3.3. By End-User

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Component

8.4.2. By Phase

8.4.3. By End-User

8.4.4. By Country

8.4.4.1. Germany

8.4.4.2. France

8.4.4.3. United Kingdom

8.4.4.4. Italy

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Component

8.5.2. By Phase

8.5.3. By End-User

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Component

8.6.2. By Phase

8.6.3. By End-User

8.6.4. By Country

8.6.4.1. China

8.6.4.2. India

8.6.4.3. Japan

8.6.4.4. South Korea

8.6.4.5. Indonesia

8.6.4.6. Thailand

8.6.4.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Honeywell International Inc. 

10.2. Holley Technology Ltd

10.3. Schneider Electric

10.4. Itron, Inc.

10.5. ABB Ltd.

10.6. General Electric

10.7. Landis+Gyr Group AG

10.8. Siemens AG

10.9. Iskraemeco Group

10.10. Wasion Holdings International

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Honeywell International Inc. 

Holley Technology Ltd

Schneider Electric

Itron, Inc.

ABB Ltd.

General Electric

Landis+Gyr Group AG

Siemens AG

Iskraemeco Group

Wasion Holdings International

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