Machinery and Equipments

Smart Meters Market Growth Analysis By Top Key Players 2019-2023


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smart meters markets have been North America, Europe and APAC (particularly China). And the market is supplied by a combination of large multinational firms and smaller local manufacturers. The leading global firms include Landis+Gyr (based in Switzerland but owned by Toshiba Corp. of Japan), GE Digital Energy (United States), Itron (United States), Aclara (United States), Elster Group (Germany), Sensus (United States) and Holley Metering (China), among others. These companies tend to compete against each other globally to supply most of the largest smart meter markets. In many markets, these leading global firms also face competition from local manufacturers. In China, for example, local manufacturers supply the bulk of the market.

A smart meter is usually an electronic device that records consumption of electric energy in intervals of an hour or less and communicates that information at least daily back to the utility for monitoring and billing. Smart meters enable two-way communication between the meter and the central system. Unlike home energy monitors, smart meters can gather data for remote reporting. Such an advanced metering infrastructure differs from traditional automatic meter reading in that it enables two-way communications with the meter.

According to this study, over the next five years the Smart Meters market will register a 9.4% CAGR in terms of revenue, the global market size will reach US$ 13500 million by 2024, from US$ 7900 million in 2019. 

In particular, this report presents the global market share (sales and revenue) of key companies in Smart Meters business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Meters market by product type, application, key manufacturers and key regions and countries.

This study considers the Smart Meters value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

  • Single-phase smart meter
  • Three-phase smart meter

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

  • Residential application
  • Commercial application
  • Industrial application

Report Sample includes:
- Table of Contents
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- Charts
- Research Methodology

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This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

  • Landis+Gyr
  • Itron
  • GE Digital Energy
  • Siemens
  • Kamstrup
  • Sensus
  • Elster Group
  • Silver Spring Networks
  • Aclara
  • Nuri Telecom
  • Sagemcom
  • Trilliant
  • Iskraemeco
  • Echelon
  • Tantalus Systems
  • ZIV
  • Sanxing
  • Linyang Electronics
  • Wasion Group
  • Haixing Electrical
  • Techrise Electronics
  • Chintim Instruments
  • XJ Measurement & Control Meter
  • Clou Electronics
  • HND Electronics
  • Longi
  • Hengye Electronics
  • Holley Metering
  • Wellsun Electric Meter
  • Sunrise
  • Xiou International Group
  • Pax Electronic Technlogy
  • Huayi Electronics
  • Changyi Group
  • Gaoke
  • Shenzhen Kaifa Technology
  • Risesun Group
  • Banner
  • Bada Instruments
  • Jinling Intelligent Electric Meter

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

  • To study and analyze the global Smart Meters consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
  • To understand the structure of Smart Meters market by identifying its various subsegments.
  • Focuses on the key global Smart Meters manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Smart Meters with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the consumption of Smart Meters submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

 Key Questions Addressed by the Report

  • What is the growth perspective of the smart meters Market and the key dynamics and trends governing the market? 
  • What are key sustainability strategies adopted by the leading players in the smart meters Market? 
  • What are the new and emerging technologies and use cases disrupting the smart meters industry? 
  • What are the key applications where smart meters plays a significant role? 
  •  

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