Smart Electricity Meter Market Research Report By Technology (Smart Grid, Wireless Communication, Automatic Meter Reading, Advanced Metering Infrastructure), By End User (Residential, Commercial, Industrial, Utility Providers), By Phase (Single Phase and Three Phase) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) Industry Forecast to 2032
Market Overview
The Smart Electricity Meter Market Industry is estimated to achieve a CAGR (growth rate) of 7.02% during the forecast period.
The Global Smart Electricity Meter Market is being driven by increased demand for effective energy management and the need to reduce energy usage. Growing environmental concerns are pushing utilities and consumers to adopt technologies that allow for more accurate measurement of energy consumption. Government initiatives and regulatory obligations to encourage smart grid technology are also significant drivers of market growth. Ongoing investments in smart infrastructure are helping to upgrade older networks, resulting in more adoption of smart meters in the residential, commercial, and industrial sectors.
These technologies increase data collecting and management, enabling for more accurate forecasting and better consumer involvement. The switch to renewable energy sources opens new opportunities for growth, as smart meters make it easier to integrate solar, wind, and other sustainable energy sources into current infrastructures.
Market Segment insights
The smart electricity meter market is divided into four segments: phase, technology, end users, and region.
The market is divided into two segments based on phase: single phase and three phase. The Single-Phase segment had the biggest market revenue share of 84.94% in 2023, and it is estimated to grow at the quickest CAGR of 6.70% over the projected timeframe.
The market is divided into four technology segments: smart grid, wireless communication, automatic meter reading, and advanced metering infrastructure. Among these, the Advanced Metering Infrastructure category had the highest market revenue share of 67.09% in 2023 and is predicted to increase at a CAGR of 7.11% over the forecast period.
The market is divided into four segments based on end users: residential, industrial, commercial, and utilities. The Residential sector had the biggest market revenue share of 80.31% in 2023, and it is estimated to grow at the quickest CAGR of 6.68% over the projected timeframe.
Regional insights
North America is a substantial market for smart electricity meters, owing to high adoption rates of advanced metering infrastructure (AMI) and government incentives that promote energy efficiency and sustainability. The US dominates the industry, with utilities actively deploying smart meters in the residential, commercial, and industrial sectors.
The European Union's aggressive goals for decreasing carbon emissions and enhancing energy efficiency have resulted in tremendous rise in the deployment of smart power meters. Several countries, notably the United Kingdom, Germany, France, and Spain, are leading the way in smart meter adoption, with some even implementing national rollouts.
The Asia Pacific region is likely to have the most rapid expansion in the worldwide smart electricity meter market. Rapid urbanization, industrialization, and rising energy consumption in nations such as China, India, and Japan are driving up demand for smart meters.
Major Players
Enel X, Landis+Gyr, Oracle, Elster Group, Sensus, RPS Energy, Schneider Electric, Siemens, Kamstrup, Iskraemeco, Metering Technologies, General Electric, Nuri Telecom, Honeywell, and Itron are among the market leaders in smart electricity meters.
圖表清單 List of Tables & Figures
LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 39
TABLE 2 GLOBAL SMART ELECTRICITY METER MARKET, BY PHASE, 2018–2032 (USD MILLION) 75
TABLE 3 GLOBAL SMART ELECTRICITY METER MARKET, BY TECHNOLOGY, 2018–2032 (USD MILLION) 78
TABLE 4 GLOBAL SMART ELECTRICITY METER MARKET, BY END-USERS, 2018–2032 (USD MILLION) 80
TABLE 5 GLOBAL SMART ELECTRICITY METER MARKET, BY REGION, 2018–2032 (USD MILLION) 82
TABLE 6 NORTH AMERICA: SMART ELECTRICITY METER MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 82
TABLE 7 NORTH AMERICA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 82
TABLE 8 NORTH AMERICA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 83
TABLE 9 NORTH AMERICA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 83
TABLE 10 US: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 83
TABLE 11 US: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 84
TABLE 12 US: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 84
TABLE 13 CANADA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 84
TABLE 14 CANADA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 84
TABLE 15 CANADA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 85
TABLE 16 MEXICO: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 85
TABLE 17 MEXICO: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 85
TABLE 18 MEXICO: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 86
TABLE 19 EUROPE: SMART ELECTRICITY METER MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 86
TABLE 20 EUROPE: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 87
TABLE 21 EUROPE: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 87
TABLE 22 EUROPE: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 87
TABLE 23 GERMANY: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 88
TABLE 24 GERMANY: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 88
TABLE 25 GERMANY: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 88
TABLE 26 UK: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 89
TABLE 27 UK: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 89
TABLE 28 UK: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 89
TABLE 29 FRANCE: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 90
TABLE 30 FRANCE: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 90
TABLE 31 FRANCE: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 90
TABLE 32 RUSSIA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 91
TABLE 33 RUSSIA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 91
TABLE 34 RUSSIA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 91
TABLE 35 ITALY: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 92
TABLE 36 ITALY: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 92
TABLE 37 ITALY: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 92
TABLE 38 SPAIN: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 93
TABLE 39 SPAIN: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 93
TABLE 40 SPAIN: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 93
TABLE 41 REST OF EUROPE: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 94
TABLE 42 REST OF EUROPE: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 94
TABLE 43 REST OF EUROPE: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 94
TABLE 44 ASIA PACIFIC: SMART ELECTRICITY METER MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 95
TABLE 45 ASIA PACIFIC: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 95
TABLE 46 ASIA PACIFIC: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 96
TABLE 47 ASIA PACIFIC: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 96
TABLE 48 CHINA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 96
TABLE 49 CHINA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 97
TABLE 50 CHINA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 97
TABLE 51 INDIA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 97
TABLE 52 INDIA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 98
TABLE 53 INDIA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 98
TABLE 54 JAPAN: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 98
TABLE 55 JAPAN: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 99
TABLE 56 JAPAN: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 99
TABLE 57 SOUTH KOREA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 99
TABLE 58 SOUTH KOREA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 100
TABLE 59 SOUTH KOREA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 100
TABLE 60 MALAYSIA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 100
TABLE 61 MALAYSIA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 101
TABLE 62 MALAYSIA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 101
TABLE 63 THAILAND: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 101
TABLE 64 THAILAND: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 102
TABLE 65 THAILAND: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 102
TABLE 66 INDONESIA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 102
TABLE 67 INDONESIA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 103
TABLE 68 INDONESIA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 103
TABLE 69 REST OF ASIA PACIFIC: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 103
TABLE 70 REST OF ASIA PACIFIC: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 104
TABLE 71 REST OF ASIA PACIFIC: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 104
TABLE 72 SOUTH AMERICA: SMART ELECTRICITY METER MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 105
TABLE 73 SOUTH AMERICA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 105
TABLE 74 SOUTH AMERICA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 105
TABLE 75 SOUTH AMERICA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 106
TABLE 76 BRAZIL: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 106
TABLE 77 BRAZIL: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 106
TABLE 78 BRAZIL: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 107
TABLE 79 ARGENTINA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 107
TABLE 80 ARGENTINA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 107
TABLE 81 ARGENTINA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 108
TABLE 82 REST OF SOUTH AMERICA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 108
TABLE 83 REST OF SOUTH AMERICA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 108
TABLE 84 REST OF SOUTH AMERICA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 109
TABLE 85 MIDDLE EAST & AFRICA: SMART ELECTRICITY METER MARKET VALUE, BY COUNTRY, 2018-2032 (USD MILLION) 109
TABLE 86 MIDDLE EAST & AFRICA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 110
TABLE 87 MIDDLE EAST & AFRICA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 110
TABLE 88 MIDDLE EAST & AFRICA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 110
TABLE 89 GCC COUNTRIES: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 111
TABLE 90 GCC COUNTRIES: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 111
TABLE 91 GCC COUNTRIES: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 111
TABLE 92 SOUTH AFRICA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 112
TABLE 93 SOUTH AFRICA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 112
TABLE 94 SOUTH AFRICA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 112
TABLE 95 REST OF MIDDLE EAST & AFRICA: SMART ELECTRICITY METER MARKET VALUE, BY PHASE, 2018-2032 (USD MILLION) 112
TABLE 96 REST OF MIDDLE EAST & AFRICA: SMART ELECTRICITY METER MARKET, VALUE, BY TECHNOLOGY, 2018-2032 (USD MILLION) 113
TABLE 97 REST OF MIDDLE EAST & AFRICA: SMART ELECTRICITY METER MARKET, VALUE, BY END USERS, 2018-2032 (USD MILLION) 113
TABLE 98 NEW PRODUCT LAUNCH/SERVICE DEPLOYMENT 117
TABLE 99 INVESTMENT 118
TABLE 100 CAPACITY EXPANSION 118
TABLE 101 AGREEMENT 119
TABLE 102 XYLEM INC.: PRODUCTS OFFERED 123
TABLE 103 XYLEM INC.: KEY DEVELOPMENTS 124
TABLE 104 ITRON: PRODUCTS OFFERED 127
TABLE 105 ITRON: KEY DEVELOPMENT 128
TABLE 106 HONEYWELL: PRODUCTS OFFERED 131
TABLE 107 KAMSTRUP: PRODUCTS OFFERED 134
TABLE 108 KAMSTRUP: KEY DEVELOPMENT 135
TABLE 109 NETWORKED ENERGY SERVICES: PRODUCTS OFFERED 137
TABLE 110 NETWORKED ENERGY SERVICES: KEY DEVELOPMENTS 138
TABLE 111 SIEMENS: PRODUCTS OFFERED 141
TABLE 112 SIEMENS: KEY DEVELOPMENTS 142
TABLE 113 SCHNEIDER ELECTRIC: PRODUCTS OFFERED 145
TABLE 114 SCHNEIDER ELECTRIC: KEY DEVELOPMENTS 146
TABLE 115 LANDIS+GYR: PRODUCTS OFFERED 149
TABLE 116 LANDIS+GYR: KEY DEVELOPMENTS 150
TABLE 117 HUBBELL INCORPORATED: PRODUCTS OFFERED 153
TABLE 118 OSAKI ELECTRIC CO., LTD.: PRODUCTS OFFERED 156
LIST OF FIGURES
FIGURE 1 GLOBAL SMART ELECTRICITY METER MARKET (BY REGION), 2023 20
FIGURE 2 GLOBAL SMART ELECTRICITY METER MARKET SNAPSHOT, 2023 21
FIGURE 3 GLOBAL SMART ELECTRICITY METER MARKET: STRUCTURE 25
FIGURE 4 GLOBAL SMART ELECTRICITY METER MARKET: MARKET GROWTH FACTOR ANALYSIS (2018-2032) 43
FIGURE 5 INVESTMENT IN ENERGY EFFICIENCY WORLDWIDE FROM 2020 TO 2023, WITH A FORECAST FOR 2030(IN TRILLION U.S. DOLLARS) 45
FIGURE 6 DRIVER IMPACT ANALYSIS (2024-2032) 47
FIGURE 7 CHALLENGE IMPACT ANALYSIS (2024-2032) 50
FIGURE 8 SUPPLY CHAIN: GLOBAL SMART ELECTRICITY METER MARKET 58
FIGURE 9 PORTER'S FIVE FORCES ANALYSIS OF THE SMART ELECTRICITY METER MARKET 62
FIGURE 10 PESTLE ANALYSIS: GLOBAL SMART ELECTRICITY METER MARKET 65
FIGURE 11 GLOBAL SMART ELECTRICITY METER MARKET, BY PHASE, 2023 (% SHARE) 76
FIGURE 12 GLOBAL SMART ELECTRICITY METER MARKET, BY TECHNOLOGY, 2023 (% SHARE) 78
FIGURE 13 GLOBAL SMART ELECTRICITY METER MARKET, BY END-USERS, 2023 (% SHARE) 80
FIGURE 14 GLOBAL SMART ELECTRICITY METER MARKET, BY REGION, 2023, (SHARE %) 81
FIGURE 15 SMART ELECTRICITY METER MAJOR PLAYERS MARKET SHARE ANALYSIS, 2023 (%) 115
FIGURE 16 BENCHMARKING OF MAJOR COMPETITORS 116
FIGURE 17 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023 117
FIGURE 18 XYLEM INC.: FINANCIAL OVERVIEW SNAPSHOT 123
FIGURE 19 XYLEM INC.: SWOT ANALYSIS 124
FIGURE 20 ITRON: FINANCIAL OVERVIEW SNAPSHOT 127
FIGURE 21 ITRON: SWOT ANALYSIS 129
FIGURE 22 HONEYWELL: FINANCIAL OVERVIEW SNAPSHOT 131
FIGURE 23 HONEYWELL: SWOT ANALYSIS 132
FIGURE 24 KAMSTRUP: FINANCIAL OVERVIEW SNAPSHOT 134
FIGURE 25 KAMSTRUP: SWOT ANALYSIS 135
FIGURE 26 NETWORKED ENERGY SERVICES: SWOT ANALYSIS 139
FIGURE 27 SIEMENS: FINANCIAL OVERVIEW SNAPSHOT 141
FIGURE 28 SIEMENS: SWOT ANALYSIS 143
FIGURE 29 SCHNEIDER ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 145
FIGURE 30 SCHNEIDER ELECTRIC: SWOT ANALYSIS 147
FIGURE 31 LANDIS+GYR: FINANCIAL OVERVIEW SNAPSHOT 149
FIGURE 32 LANDIS+GYR: SWOT ANALYSIS 151
FIGURE 33 HUBBELL INCORPORATED: FINANCIAL OVERVIEW SNAPSHOT 153
FIGURE 34 HUBBELL INCORPORATED: SWOT ANALYSIS 154
FIGURE 35 OSAKI ELECTRIC CO., LTD.: FINANCIAL OVERVIEW SNAPSHOT 156
FIGURE 36 OSAKI ELECTRIC CO., LTD.: ANALYSIS 158
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