Global Smart Meters Market Research Report – Forecast to 2023

Global Smart Meters Market Research Report – Forecast to 2023

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Global Smart Meters Market Research Report By Type (Electric Meters, Gas Meters and Water Meters), By Technology (Automatic Meter Reading (AMR) and Advanced Metering Infrastructure (AMI)), By Application (Residential, Commercial and Industrial), By Region – Forecast to 2023

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Description

Smart meters are next generation meters for both gas and electricity. They are a replacement for standard meters that use technology created decades ago and require households to track their own readings and submit them to suppliers if they want accurate bills. The global smart meters market is expected to grow at ~9.55% CAGR during the forecast and reach USD 29583.1 million by 2023. The smart meters market is expected to grow at a rapid pace, primarily, due to government roll-outs, and implementations of mandates & policies, in developed economies. Advantages of smart meters such as accurate billing, enhanced customer experience, and improved customer service are expected to be the driving factors for smart meters market in developing countries.
The smart meters market, on the basis of technology, has been segmented as automatic meter reading and advanced metering infrastructure. The objective of an AMI is to provide utility companies with real time data about the power usage and enable the end users to make well informed decisions regarding their energy consumption. AMR on the other hand is basically a technology that automatically collects consumption, diagnostic and status data from smart meters. The data is transferred to a central operating database for analyzing.
On the basis of type, the smart meters market has been segmented as electric meters, gas meters, and water meters. Electric meters accounted for the largest market share of 55.4% in 2016, with a market value of USD 8,715.2 million and is projected to grow at the highest CAGR of 9.56% during the forecast period. Based on applications, residential accounted for the largest market share of 60.7% in 2016, with a market value of USD 9,550.4 million and is projected to grow at the highest CAGR of 9.81% during the forecast period. Rising electricity prices with growing demand of residential energy consumption, have a positive influence on the market.

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Table of Contents: 1 Executive Summary 2 Introduction 2.1 Definition 2.2 Scope of the Study 2.3 Assumptions 2.4 Market Structure 3 Research Methodology 3.1 Research Process 3.2 Primary Research 3.3 Secondary Research 3.4 Market Size Estimation 3.5 Forecast Model 4 Market Dynamics 4.1 Drivers 4.1.1 Growing Investment in Smart Grid Projects 4.1.2 Supportive Government Initiatives 4.1.3 Demand/Needs for efficient energy usage 4.2 Restraint 4.2.1 High initial capital investment 4.2.2 Lack of Awareness 4.3 Opportunities 4.3.1 Scope in the Developing Nations 4.3.2 Technological development 5 Market Factor Analysis 5.1 Porter's Five Forces Analysis 5.1.1 Threat of New Entrants 5.1.2 Bargaining Power of Suppliers 5.1.3 Bargaining Power of Buyers 5.1.4 Threat of Substitutes 5.1.5 Rivalry 5.2 Supply Chain Analysis 6 Global Smart Meters Market, By Type 6.1 Overview 6.1.1 Electric Meters 6.1.2 Gas Meters 6.1.3 Water Meters 7 Global Smart Meters Market, By Technology 7.1 Overview 7.1.1 Automatic Meter Reading (AMR) 7.1.2 Advanced Metering Infrastructure (AMI) 8 Global Smart Meters Market, By Application 8.1 Overview 8.1.1 Residential 8.1.2 Commercial 8.1.3 Industrial 9 Global Smart Meters Market, By Region 9.1 Introduction 9.2 North America 9.2.1 U.S. 9.2.2 Canada 9.3 Europe 9.3.1 Germany 9.3.2 U.K. 9.3.3 France 9.3.4 Spain 9.3.5 Rest of Europe 9.4 Asia-Pacific 9.4.1 China 9.4.2 Japan 9.4.3 India 9.4.4 Rest of Asia-Pacific 9.5 Rest of the World 9.5.1 South America 9.5.2 Middle East & Africa 10 Competitive Scenario 10.1 Overview 10.2 Global Smart Meters Market Shares of Top 5 Players 10.3 Competitors Benchmarking 10.4 Major Project By Key Players 10.4.1 Schiender Electric 10.4.2 Honeywell 10.4.3 Landis+Gyr 10.4.4 Aclara Technologies LLC 10.4.5 DIEHL Metering 10.4.6 Xylem 10.4.7 Badger Meter, Inc. 10.4.8 EDMI 10.4.9 Kamstrup A/S 11 Company Profile 11.1 Schneider Electric 11.1.1 Company Overview 11.1.2 Financial Overview 11.1.3 Product/Service Offering 11.1.4 Strategy 11.1.5 Key Developments 11.1.6 SWOT Analysis 11.2 Siemens AG 11.2.1 Company Overview 11.2.2 Financial Overview 11.2.3 Service Offering 11.2.4 Strategy 11.2.5 Key Developments 11.2.6 SWOT Analysis 11.3 LANDIS+GYR 11.3.1 Company Overview 11.3.2 Financial Overview 11.3.3 Product/Service Offering 11.3.4 Strategy 11.3.5 Key Developments 11.3.6 SWOT Analysis 11.4 Xylem Inc. 11.4.1 Company Overview 11.4.2 Financial Overview 11.4.3 Product/Service Offering 11.4.4 Strategy 11.4.5 Key Developments 11.4.6 SWOT Analysis 11.5 Honeywell International Inc. 11.5.1 Company Overview 11.5.2 Financial Overview 11.5.3 Product/Service Offering 11.5.4 Strategy 11.5.5 Key Developments 11.5.6 SWOT Analysis 11.6 Aclara Technologies LLC 11.6.1 Company Overview 11.6.2 Financial Overview 11.6.3 Product/Service Offering 11.6.4 Strategy 11.6.5 Key Developments 11.7 Badger Meter, Inc. 11.7.1 Company Overview 11.7.2 Financial Overview 11.7.3 Product/Service Offering 11.7.4 Strategy 11.7.5 Key Developments 11.8 Itron, Inc. 11.8.1 Company Overview 11.8.2 Financial Overview 11.8.3 Product/Service Offering 11.8.4 Strategy 11.9 EDMI 11.9.1 Company Overview 11.9.2 Financial Overview 11.9.3 Product/Service Offering 11.9.4 Strategy 11.9.5 Key Developments 11.1 Apator S.A. 11.10.1 Company Overview 11.10.2 Financial Overview 11.10.3 Product/Service Offering 11.10.4 Strategy 11.10.5 Key Developments 11.11 DIEHL METERING GMBH 11.11.1 Company Overview 11.11.2 Financial Overview 11.11.3 Product/Service Offering 11.11.4 Strategy 11.11.5 Key Developments 11.12 Zenner 11.12.1 Company Overview 11.12.2 Financial Overview 11.12.3 Product/Service Offering 11.12.4 Strategy 11.12.5 Key Developments 11.13 Kamstrup A/S 11.13.1 Company Overview 11.13.2 Financial Overview 11.13.3 Product/Service Offering 11.13.4 Strategy 11.13.5 Key Developments

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