Report Overview
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
- North America
Market Segmentation
By Component
By Phase
By End-user
By Geography
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
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Smart Electricity Meter Market Report
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