Global Smart Meters Market 2020-2027

Global smart meters market will reach $27.3 billion by 2027, growing by 8.4% annually over 2020-2027 driven by the advancements in metering technology.By Demand

The smart meters come with a handy in-home display called as IHD, through this you can see how much energy you are consuming and the cost of the same. These meters also provide automatic meter readings and can automatically send you the usage report. The smart meters are somewhat similar to the traditional meters at our homes, that measures and records the energy consumption. Whenever there is power cut, the smart meter immediately informs the utility and then it quickly dispatches the crews to resolve situation and within some time your power will comeback.

The smart meters can automatically transfer all the information about your energy usage, including meter readings. These meters are great for reducing your electricity bills, by understanding what all electric appliances are in use. They display your energy using not just kilowatt hours, but also shows readings in pounds and pence. The meters are very helpful for the consumers to understand how they are using their energy. They give you a detailed bill of the energy consumption used regularly to you and you can receive the accurate bill. The smart meters improve the grid efficiency, by understanding the flows of the electricity through the grid and through the distributions of the networks.

According to the research report published by Bonafide Research titled as “Global Smart Meter Market by 2027”, states that the global smart meter’s market is supposed to reach to 27.3 Billion by the forecasted year. As per recent studies the market is growing by 8.4% annually over 2020.

By the forecasted year 2027, the market will be driven by the advancements in the metering technologies, the rising awareness within people regarding energy conservation and the surging government initiatives. However, this will impact on the sales volume and it will register more than 6.2% CAGR by the end of the forecasted year.

In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global smart meters market in every aspect of the classification from perspectives of Component, Technology, Communication Type, Phase, Specification, Application, End Use, and Region.

Based on Component, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Hardware
• Software & Service

Based on Technology, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)

Based on Communication Type, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Cellular Technology
• Radio Frequency (RF)
• Power Line Communication (PLC)
• Other Communication Types

Based on Phase, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Single-phase Smart Meters
• Three-phase Smart Meters

Based on Specification, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• SMETS1 Smart Meters
• SMETS2 Smart Meters

Based on Application, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Smart Electricity Meters
• Smart Gas Meters
• Smart Water Meters

Based on End Use, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Residential Use
• Commercial Use
• Industrial Use

Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown of all regional markets by country and split of key national markets by Component, Application, and End Use over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Aclara Technologies
Badger Meter, Inc
Diehl Stiftung GmbH & Co. KG
EDMI
Elster Group GmbH
Holley Technology Ltd
Honeywell International Inc.
Iskraemeco
Itron Inc
Landis+Gyr Group AG
Schneider Electric SA
Sensus USA Inc.
Siemens AG
Sagemcom SAS
Wasion Group Holdings
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Table of Contents

  • 1 Executive Summary
  • 2 Report Methodology
  • 3 Market Structure
  • 3.1 Market Considerate
  • 3.2 Market Definition
  • 4 Economic /Demographic Snapshot
  • 5 Global Smart Meters Market Outlook
  • 5.1 Market Size By Value
  • 5.2 Market Share
  • 5.2.1 By Region
  • 5.2.2 By Country
  • 5.2.3 By Company
  • 5.2.4 By End Use
  • 5.2.5 By Application
  • 5.2.6 By Component
  • 5.2.7 By Communication Type
  • 5.2.8 By Phase
  • 5.2.9 By Technology
  • 5.2.10 By Specificication
  • 6 North America Smart Meters Market Outlook
  • 6.1 Market Size By Value
  • 6.2 Market Share
  • 6.2.1 By Country
  • 6.2.2 By End Use
  • 6.2.3 By Application
  • 6.2.4 By Component
  • 6.3 US Smart Meters Market Outlook
  • 6.3.1 Market Size By Value
  • 6.3.2 Market Share
  • 6.3.2.1 By Application
  • 6.3.2.2 By End Use
  • 6.4 Canada Smart Meters Market Outlook
  • 6.4.1 Market Size By Value
  • 6.4.2 Market Share
  • 6.4.2.1 By Application
  • 6.4.2.2 By End Use
  • 6.5 Mexico Smart Meters Market Outlook
  • 6.5.1 Market Size By Value
  • 6.5.2 Market Share
  • 6.5.2.1 By Application
  • 6.5.2.2 By End Use
  • 7 EuropeSmart Meters Market Outlook
  • 7.1 Market Size By Value
  • 7.2 Market Share
  • 7.2.1 By Country
  • 7.2.2 By End Use
  • 7.2.3 By Application
  • 7.2.4 By Component
  • 7.3 GermanySmart Meters Market Outlook
  • 7.3.1 Market Size By Value
  • 7.3.2 Market Share
  • 7.3.2.1 By Application
  • 7.3.2.2 By End Use
  • 7.4 UKSmart Meters Market Outlook
  • 7.4.1 Market Size By Value
  • 7.4.2 Market Share
  • 7.4.2.1 By Application
  • 7.4.2.2 By End Use
  • 7.5 FranceSmart Meters Market Outlook
  • 7.5.1 Market Size By Value
  • 7.5.2 Market Share
  • 7.5.2.1 By Application
  • 7.5.2.2 By End Use
  • 7.6 Italy Smart Meters Market Outlook
  • 7.6.1 Market Size By Value
  • 7.6.2 Market Share
  • 7.6.2.1 By Application
  • 7.6.2.2 By End Use
  • 7.7 SpainSmart Meters Market Outlook
  • 7.7.1 Market Size By Value
  • 7.7.2 Market Share
  • 7.7.2.1 By Application
  • 7.7.2.2 By End Use
  • 7.8 RussiaSmart Meters Market Outlook
  • 7.8.1 Market Size By Value
  • 7.8.2 Market Share
  • 7.8.2.1 By Application
  • 7.8.2.2 By End Use
  • 8 Asia-Pacific Smart Meters Market Outlook
  • 8.1 Market Size By Value
  • 8.2 Market Share
  • 8.2.1 By Country
  • 8.2.2 By End Use
  • 8.2.3 By Application
  • 8.2.4 By Component
  • 8.3 ChinaSmart Meters Market Outlook
  • 8.3.1 Market Size By Value
  • 8.3.2 Market Share
  • 8.3.2.1 By Application
  • 8.3.2.2 By End Use
  • 8.4 JapanSmart Meters Market Outlook
  • 8.4.1 Market Size By Value
  • 8.4.2 Market Share
  • 8.4.2.1 By Application
  • 8.4.2.2 By End Use
  • 8.5 IndiaSmart Meters Market Outlook
  • 8.5.1 Market Size By Value
  • 8.5.2 Market Share
  • 8.5.2.1 By Application
  • 8.5.2.2 By End Use
  • 8.6 Australia Smart Meters Market Outlook
  • 8.6.1 Market Size By Value
  • 8.6.2 Market Share
  • 8.6.2.1 By Application
  • 8.6.2.2 By End Use
  • 8.7 South Korea Smart Meters Market Outlook
  • 8.7.1 Market Size By Value
  • 8.7.2 Market Share
  • 8.7.2.1 By Application
  • 8.7.2.2 By End Use
  • 9 Latin America Smart Meters Market Outlook
  • 9.1 Market Size By Value
  • 9.2 Market Share
  • 9.2.1 By Country
  • 9.2.2 By End Use
  • 9.2.3 By Application
  • 9.2.4 By Component
  • 9.3 BrazilSmart Meters Market Outlook
  • 9.3.1 Market Size By Value
  • 9.3.2 Market Share
  • 9.3.2.1 By Application
  • 9.3.2.2 By End Use
  • 9.4 ArgentinaSmart Meters Market Outlook
  • 9.4.1 Market Size By Value
  • 9.4.2 Market Share
  • 9.4.2.1 By Application
  • 9.4.2.2 By End Use
  • 9.5 CoumbiaSmart Meters Market Outlook
  • 9.5.1 Market Size By Value
  • 9.5.2 Market Share
  • 9.5.2.1 By Application
  • 9.5.2.2 By End Use
  • 10 Middle East & AfricaSmart Meters Market Outlook
  • 10.1 Market Size By Value
  • 10.2 Market Share
  • 10.2.1 By Country
  • 10.2.2 By End Use
  • 10.2.3 By Application
  • 10.2.4 By Component
  • 10.3 UAESmart Meters Market Outlook
  • 10.3.1 Market Size By Value
  • 10.3.2 Market Share
  • 10.3.2.1 By Application
  • 10.3.2.2 By End Use
  • 10.4 Saudi ArabiaSmart Meters Market Outlook
  • 10.4.1 Market Size By Value
  • 10.4.2 Market Share
  • 10.4.2.1 By Application
  • 10.4.2.2 By End Use
  • 10.5 South AfricaSmart Meters Market Outlook
  • 10.5.1 Market Size By Value
  • 10.5.2 Market Share
  • 10.5.2.1 By Application
  • 10.5.2.2 By End Use
  • 11 Market Dynamics
  • 11.1 Key Drivers
  • 11.2 Key Challenges
  • 12 Market Trends and Developments
  • 12.1 Incorporation of IOT& Cloud Technology
  • 12.2 Emergence of Humanoid Robots
  • 12.3 Enhanced AI and Performance
  • 13 Company Profiles
  • 13.1 Aclara Technologies
  • 13.2 Badger Meter, Inc
  • 13.3 Diehl Stiftung GmbH & Co. KG
  • 13.4 EDMI
  • 13.5 Elster Group GmbH
  • 13.6 Holley Technology Ltd
  • 13.7 Honeywell International Inc.
  • 13.8 Iskraemeco
  • 13.9 Itron Inc
  • 13.10 Landis+Gyr Group AG
  • 13.11 Schneider Electric SA
  • 13.12 Sensus USA Inc.
  • 13.13 Siemens AG
  • 13.14 Sagemcom SAS
  • 13.15 Wasion Group Holdings
  • 14 Strategic Recommendations
  • 15 Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Smart Meters Market Share By Region (2017, 2021&2027F)
Table 5: Global Smart Meters Market Share By Country (2017, 2021&2027F)
Table 6: Global Smart Meters Market Share By Company (2021)
Table 7: Global Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 8: Global Smart Meters Market Share By Communication Type (2017 - 2021&2022E - 2027F)
Table 9: Global Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 10: North America Smart Meters Market Share By Country (2017, 2021&2027F)
Table 11: North America Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 12: US Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 13: Canada Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 14: Mexico Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 15:Europe Smart Meters Market Share By Country (2017, 2021&2027F)
Table 16: Europe Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 17: Germany Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 18: UK Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 19: France Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 20: Italy Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 21: Spain Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 22: Russia Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 23: Asia-Pacific Smart Meters Market Share By Country (2017, 2021&2027F)
Table 24: Asia-Pacific Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 25: China Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 26: Japan Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 27: India Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 28: Australia Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 29: South Korea Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 30: Latin America Smart Meters Market Share By Country (2017, 2021&2027F)
Table 31: Latin America Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 32: Brazil Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 33: Argentina Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 34: Columbia Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 35: Middle East & Africa Smart Meters Market Share By Country (2017, 2021&2027F)
Table 36: Middle East & Africa Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 37: UAE Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 38: Saudi Arabia Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 39: South Africa Smart Meters Market Share By Application (2017 - 2021&2022E - 2027F)
Table 40: Key Facts of Aclara Technologies
Table 41: Key Facts of Badger Meter, Inc
Table 42: Key Facts of Diehl Stiftung GmbH & Co. KG
Table 43: Key Facts of EDMI
Table 44: Key Facts of Elster Group GmbH
Table 45: Key Facts of Holley Technology Ltd
Table 46: Key Facts of Honeywell International Inc.
Table 47: Key Facts of Iskraemeco
Table 48: Key Facts of Itron Inc
Table 49: Key Facts of Landis+Gyr Group AG
Table 50: Key Facts of Schneider Electric SA
Table 51: Key Facts of Sensus USA Inc.
Table 52: Key Facts of Siemens AG
Table 53: Key Facts of Sagemcom SAS
Table 54: Key Facts of Wasion Group Holdings

List of Figures

Figure 1: Global Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 2: Global Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 3: Global Smart Meters Market Share By Component (2017, 2021&2027F)
Figure 4: Global Smart Meters Market Share By Component (2017, 2021&2027F)
Figure 5: Global Smart Meters Market Share By Component (2017, 2021&2027F)
Figure 6: North America Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 7: North America Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 8: North America Smart Meters Market Share By Component (2017, 2021&2027F)
Figure 9: US Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 10: US Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 11: Canada Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 12: Canada Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 13: Mexico Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 14: Mexico Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 15: Europe Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 16: Europe Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 17: Europe Smart Meters Market Share By Component (2017, 2021&2027F)
Figure 18: Germany Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 19: Germany Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 20: UK Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 21: UK Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 22: France Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 23: France Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 24: Italy Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 25: Italy Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 26: Spain Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 27: Spain Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 28: Russia Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 29: Russia Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 30: Asia-Pacific Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 31: Asia-Pacific Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 32: Asia-Pacific Smart Meters Market Share By Component (2017, 2021&2027F)
Figure 33: China Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 34: China Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 35: Japan Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 36: Japan Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 37: India Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 38: India Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 39: Australia Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 40: Australia Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 41: South Korea Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 42: South Korea Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 43: Latin America Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 44: Latin America Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 45: Latin America Smart Meters Market Share By Component (2017, 2021&2027F)
Figure 46: Brazil Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 47: Brazil Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 48: Argentina Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 49: Argentina Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 50: Columbia Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 51: Columbia Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 52: Middle East & Africa Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 53: Middle East & Africa Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 54: Middle East & Africa Smart Meters Market Share By Component (2017, 2021&2027F)
Figure 55: UAE Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 56: UAE Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 57: Saudi Arabia Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 58: Saudi Arabia Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 59: South Africa Smart Meters Market Size By Value 2017 to 2027F (In USD Billion)
Figure 60: South Africa Smart Meters Market Share By End Use (2017, 2021&2027F)
Figure 61: Market Attractiveness Index, 2021
Figure 62: Market Attractiveness Index, 2027F

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