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- ID:OGA1903MVEN153
- Published: June-2020
- Pages:140
- OG Analysis
Global Smart Electricity Meter Market, Size, Share, Outlook and Growth Opportunities to 2026: By Phase (Single Phase, Three Phase), By Application (Commercial, Residential, Others), By Communication Technology (Power Line Communication, Radio Frequency, Cellular, and Others) and By Region
Key Highlights
- Global Smart Electricity Meter market is valued at $11,417.4 million in 2019 and is expected to grow at a CAGR of 7.73% between 2020 and 2026.
- In North America, Smart Electricity Meters are an appropriate solution for fraudulent activities and power thefts.
- The residential sector is estimated to emerge as the most profitable segment in global smart electricity meter market.
The COVID-19 pandemic had a negative impact on the market size for the year 2020, with small and medium scale companies struggling to sustain their businesses in the near term future. We anticipate around 2% to 3% deviation in growth (CAGR) outlook due to the corona virus spread. The Smart Electricity Meter market growth has become variable by region with some countries offering huge growth potential while others face closures and low profit margins.
Smart electricity meters are in the midst of major roll outs in several emerging markets worldwide, driven by government support and investments from retail sector. These meters can transmit information both from and to utilities and end users.
Increasing awareness among the consumers to save and preservation of energy resources are witnessed to drive the demand for smart meters and they regulate and calculate the flow of electricity that is generated from nearby power stations.
Further, rising living standards and urbanization rates tend to drive to demand for smart meters in non OECD countries. Residential end users attributed for major share in the utilization of smart electric meters.
North America has the highest growth in smart grid network projects. Technological advancements and government initiatives for use of smart meters leads to the highest growth of smart electric meter market, which captures over 78.5% of households of North America.
Increasing demand for advanced energy data monitoring systems and growing demand for energy security systems are major factors driving the growth of the global smart electricity meter market.
Smart meter uses advanced technology and requires costly equipment and skilled labour for installation and maintenance and hence the overall cost of equipment becomes expensive which is also the major challenge for the growth of the market.
Global Smart Electricity Meter Market Insights
The 2020 series of global market size, share, outlook, trends and growth prospects is a comprehensive analysis on global Smart Electricity Meter market conditions. Major trends shaping the near and long term future of the industry, opportunities, drivers and restraints of Smart Electricity Meter market, detailed porter’s five forces analysis and competitive insights are included in the research report.
Global Smart Electricity Meter Market Share by Phases
The report presents the detailed annual outlook of each type of the Smart Electricity Meter market to 2026. The report studied 2 phases including Single Phase, Three Phase. Of these Single Phase occupies major share in the global industry.
Global Smart Electricity Meter Market forecasts by Application
The report provides detailed Smart Electricity Meter market forecasts by various mobility including Commercial, Residential, Others. Residential occupies major share in the global industry.
Global Smart Electricity Meter Market Size by Communication Technology
The report presents in-depth insights into each of the leading Smart Electricity Meter applications along with annual forecasts to 2026. Various applications that are studied in the report include Power Line Communication, Radio Frequency, Cellular, and Others. Power Line Communication occupies major share in the global industry.
Global Smart Electricity Meter Market Revenue by Region
The current Smart Electricity Meter market size in terms of revenue across 5 regions including North America, Europe, Asia Pacific, South & Central America and Middle East & Africa are studied in the report. In addition, historic data from 2017 and annual forecasts to 2026 are also included in the research report. Globally, Asia Pacific is the major revenue contributor to the global market.
Global Smart Electricity Meter Market Analysis by Company
Top 5 leading companies in global Smart Electricity Meter market are analyzed in the report along with their business overview, operations, geographical locations, financial analysis, SWOT profile and Smart Electricity Meter products & services.
Global Smart Electricity Meter Market News and Recent Developments
Latest news and industry developments in terms of Smart Electricity Meter capacity expansions, acquisitions, organic & inorganic growth strategies, joint ventures and collaborations, product launches, market expansions etc are included in the report.
Scope
Long term perspective on the Smart Electricity Meter industry: 2019 (base year), 2020- 2026 (forecast period)
Smart Electricity Meter Market- Forecasts by Segments- Phase, Applications, and Communication technology by geography.
- It provides the Smart Electricity Meter market outlook by 2 phases including Single Phase, Three Phase.
- The research work categorizes the global Smart Electricity Meter market based on application into 3 categories including Commercial, Residential, Others.
- It provides the market outlook by 4 communication technology including Power Line Communication, Radio Frequency, Cellular, and Others.
- Smart Electricity Meter market across countries in 5 regions including North America, Europe, Asia-Pacific, South & Central America and Middle East & Africa are covered.
Smart Electricity Meter Market- Strategic Analysis Review
- Key strategies opted by leading players
- Short to Long Term Industry Trends
- Porter’s Five Forces Analysis
- Supply side and Demand Side Drivers and Challenges
Smart Electricity Meter Market- Growth Opportunities
1. Potential New Business Opportunities
2. Key Areas of Focus in forecast period
Smart Electricity Meter Market- Competitive Scenario
5 companies are analysed in the report including Itron Inc., Schneider Electric SE, Honeywell International Inc., Wasion Holdings Limited, Genus Power Infrastructure Ltd.
- Company Peer-to-Peer Comparison
- Company Profile and SWOT Analysis
- Financial Analysis
Table of Contents
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Introduction to Global Smart Electricity Meter Market
2.1 Global Smart Electricity Meter Market Snapshot, 2019
2.2 Smart Electricity Meter Industry Overview
2.3 Research Perspective
3. Global Smart Electricity Meter Market- Strategic Analysis
3.1 Short Term and Long Term Industry Trends Affecting Global Smart Electricity Meter Market
3.2 Leading Smart Electricity Meter Types Targeted by Global Manufacturers
3.3 Key Consumption Patterns of Smart Electricity Meter
3.4 Potential Markets Vital for business Expansion
3.5 Five Forces Analysis
3.6 Drivers and Restraints
4. Global Smart Electricity Meter Market Outlook and Growth Opportunities by Phase
4.1 Phase Smart Electricity Meter Market Outlook, 2020- 2026
4. Three Phase Smart Electricity Meter Market Outlook, 2020- 2026
5. Global Smart Electricity Meter Market Outlook and Growth Opportunities by Application
5.1 Commercial Demand in Smart Electricity Meter Market Outlook, 2020- 2026
5.2 Residential Demand Smart Electricity Meter Market Outlook, 2020- 2026
5.3 Others Demand in Smart Electricity Meter Market Outlook, 2020- 2026
6. Global Smart Electricity Meter Market Outlook and Growth Opportunities by Communication Technology
6.1 Smart Electricity Meter Demand in Power Line Communication, Market Outlook, 2020- 2026
6.2 Smart Electricity Meter Demand in Radio Frequency, Market Outlook, 2020- 2026
6.3 Smart Electricity Meter Demand in Cellular, Market Outlook, 2020- 2026
6.4 Smart Electricity Meter Demand in Other technology, Market Outlook, 2020- 2026
7. Asia Pacific Smart Electricity Meter Market Outlook and Growth Opportunities
7.1 Key Findings, 2019
7.2 Asia Pacific Smart Electricity Meter Market Outlook by Phase, 2020- 2026
7.3 Asia Pacific Smart Electricity Meter Market Outlook by Application, 2020- 2026
7.4 Asia Pacific Smart Electricity Meter Market Outlook by Communication Technology, 2020- 2026
7.5 Asia Pacific Smart Electricity Meter Market Outlook by Country, 2020- 2026
8. Europe Smart Electricity Meter Market Outlook and Growth Opportunities
8.1 Key Findings, 2019
8.2 Europe Smart Electricity Meter Market Outlook by Phase, 2020- 2026
8.3 Europe Smart Electricity Meter Market Outlook by Application, 2020- 2026
8.4 Europe Smart Electricity Meter Market Outlook by Communication Technology, 2020- 2026
8.5 Europe Smart Electricity Meter Market Outlook by Country, 2020- 2026
9. North America Smart Electricity Meter Market Outlook and Growth Opportunities
9.1 Key Findings, 2019
9.2 North America Smart Electricity Meter Market Outlook by Phase, 2020- 2026
9.3 North America Smart Electricity Meter Market Outlook by Application, 2020- 2026
9.4 North America Smart Electricity Meter Market Outlook by Communication Technology, 2020- 2026
9.5 North America Smart Electricity Meter Market Outlook by Country, 2020- 2026
10. South & Central America Smart Electricity Meter Market Outlook and Growth Opportunities
10.1 Key Findings, 2019
10.2 South & Central America Smart Electricity Meter Market Outlook by Phase, 2020- 2026
10.3 South & Central America Smart Electricity Meter Market Outlook by Application, 2020- 2026
10.4 South & Central America Smart Electricity Meter Market Outlook by Communication Technology, 2020- 2026
10.5 South & Central America Smart Electricity Meter Market Outlook by Country, 2020- 2026
11. Middle East & Africa Smart Electricity Meter Market Outlook and Growth Opportunities
11.1 Key Findings, 2019
11.2 Middle East & Africa Smart Electricity Meter Market Outlook by Phase, 2020- 2026
11.3 Middle East & Africa Smart Electricity Meter Market Outlook by Application, 2020- 2026
11.4 Middle East & Africa Smart Electricity Meter Market Outlook by Communication Technology, 2020- 2026
11.5 Middle East & Africa Smart Electricity Meter Market Outlook by Country, 2020- 2026
12. Competitive Landscape
12.1 Leading Players (Company Profile, SWOT Analysis, Smart Electricity Meter Products, Financial Analysis)
12.1.1 Itron Inc.
12.1.2 Schneider Electric SE
12.1.3 Honeywell International Inc.
12.1.4 Wasion Holdings Limited
12.1.5 Genus Power Infrastructure Ltd
12.2 Company Benchmarking
12.3 Financial Analysis
13. Recent News and Deals Landscape
13.1 Mergers and Acquisitions
13.2 New Product Launches
13.3 Asset Transactions
13.4 Financial Announcements
14. Appendix
14.1 OG Analysis Expertise
14.2 Sources and Research Methodology
14.3 Contact Information
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