Smart Electric Meter Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Aclara (U.S.), GE (U.S.), Itron, Inc. (U.S.), Landis+Gyr (Switzerland), Kamstrup (Denmark)

Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global Smart Electric Meter Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.5% during the review period (2022 to 2027).

Smart Electric Meter Market Overview

The significant development in development and multiple smart city initiatives global has led to the development of the demand for smart meters worldwide. Revolution in the software and cloud computing segment has led to enormous growth in the demand for smart devices, making it vital to invest in smart metering systems. Smart meters are usually used for metering electricity, gas, and water. A smart meter is equipped with functionalities to monitor electricity consumption by consumers and report it directly to the electricity company on a monthly or daily basis, depending on the requirement. The preciseness in reading and eliminating manual involvement to note readings and produce electricity bills is the major advantage of the meter. Smart meters promote transparency as the noted power consumption is sent to the consumers and utility companies. The growing adoption of renewable energy sources such as solar and wind is also driving the adoption of the smart meter with new grids being set up.

Industry News:

March 2021: Itron Inc. announced smart residential meters developed for utilities and German cities. It complements Germany's low carbon energy trade alongside an affordable and reliable power supply.

In January 2019, Kamstrup and Siemens partnered to deliver a smart metering solution including 250,000 electricity meters, a remote reading system, and a data management system to the Irish energy company ESB Networks.

Who are the Major Players in Smart Electric Meter Market?

The Smart Electric Meter Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Aclara (U.S.), GE (U.S.), Itron, Inc. (U.S.), Landis+Gyr (Switzerland), Kamstrup (Denmark), Honeywell (U.S.), Siemens (Germany), Sensus (U.S.), ABB (Switzerland), ZPA Smart Energy (Czech Republic), Secure Meter Limited (India), Holley Technology Ltd (China), Jabil (U.S.), Xemex (Belgium), EDMI Limited (Singapore), EMH Metering GmbH & Co KG (Germany), Schneider Electric (France) and others.

What are the major Applications, Types and Regions for Smart Electric Meter Market?

Smart Electric Meter Market is segmented based on the Technology, applications, companies and regions.

By Technology

• AMI


• AMR

By End User

• Industrial


• Commercial


• Residential

Smart Electric Meter Market Regional Analysis

Asia Pacific is a key market for high frequency transformer worldwide due to large investments in some of the fastest growing economies and industrial sectors in the region. China is the main manufacturing hub in the world, so there is a high demand for Smart Electric Meters in the country. The Smart Electric Meter market in Asia Pacific is anticipated to expand at a high growth rate due to presence of main players in the region and increased competition among them. The market in North America and Europe is likely to expand at a stable pace during the forecast period due to less competition in the market in these regions.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Smart Electric Meter Market report scope?

Key Takeaways from this Smart Electric Meter Report

• Evaluate Smart Electric Meter market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Smart Electric Meter market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.


• It further investigates the specifics that are positively impacting the profit graph of this business sphere.


• The study also elaborates the critical factors which will augment the commercial terrain of the Smart Electric Meter market.

Frequently Asked Questions

What is the study period of this market?

The Smart Electric Meter Market is studied from 2017 - 2027.

What is the growth rate of Smart Electric Meter Market?

The Smart Electric Meter Market is growing at a CAGR of 7.5% over the next 5 years.

Who are the leading key players in Smart Electric Meter Market?

Aclara (U.S.), GE (U.S.), Itron, Inc. (U.S.), Landis+Gyr (Switzerland), Kamstrup (Denmark), Honeywell (U.S.), Siemens (Germany), Sensus (U.S.), ABB (Switzerland), ZPA Smart Energy (Czech Republic), Secure Meter Limited (India), Holley Technology Ltd (China), Jabil (U.S.), Xemex (Belgium), EDMI Limited (Singapore), EMH Metering GmbH & Co KG (Germany), Schneider Electric (France)

What regions regions does this Smart Electric Meter Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant Technology of Smart Electric Meter Market?

AMI, AMR

What are the significant Applications of Smart Electric Meter Market?

Industrial, Commercial, Residential

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