Dublin, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The "Smart Meter Market By Product, and End Use: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global smart meter market size was $21. 13 billion in 2019 and is projected to reach $39. 20 billion by 2027, to register a CAGR of 8. 80% during the forecast period. A smart meter is a digital meter that replaces old analog meters, which are used in homes to record electrical usage. These digital meters can transmit energy consumption information to the utility in frequent intervals, and can monitor consumption more precisely. Smart meter uses wireless networks similar to mobile phone networks, to send data directly to particular energy supplier to know about how much gas and electricity is being used.
The smart meters are installed by the utility service providers such as electricity, gas, and water. The team from utility service providers visit the site, with the prior intimation and installs the smart meters at the requested location. Installation services are also offered by the third party services. Installation services constitutes the majority of the share of the overall services.
The major factor that drives the smart meter market is supportive government policies and financial incentives. In addition, large scale installations of the smart meters by the utility companies are focusing on strengthening the distribution of the smart meters. However, high cost of installations of the smart meters borne by end users restrain the growth of the smart meter market. Various grid operators and other gas utility and water utility providers are effectively managing the demand for smart meters. However, various benefits offered by the smart meter market such as automatic meter reading and bill generation are further expected to contribute toward the growth of the smart meter market.
In recent times, several factors have been integrated to make smart meters more remarkable, reliable, and affordable. The different connectivity technology used by the smart meters are further spurring the growth of the smart meter market. The major benefits offered by the smart meter includes detection of any leakages in the supply, continuous monitoring of the electricity, gas and water flow, detection of any theft in the supply are helping towards the growth of the smart meter market. Also, the smart meters help in elimination of the manual monthly meter reading, and optimizes the profit with existing resources.
The global smart meter market is segmented in terms of product and end use. Further, on the basis of product, the market is segmented into smart electricity meters, smart water meters, and smart gas meters. On the basis of end use, it is divided into residential, commercial, and industrial. Based on region, the global smart meter market trend is analyzed across North America (U. S., Canada, and Mexico), Europe (France, UK, Spain Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market includes Itron Inc., Landis+Gyr, Schneider Electric SA, Siemens AG, Badger Meter, EDMI, Holley Metering Limited, Neptune Technology Group Inc., Sensus, and Honeywell International Inc.
Key Topics Covered:
Chapter 1: Introduction
Chapter 2: Executive Summary
2.1. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter'S Five Forces Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Development of Communication Network Infrastructure
3.5.1.2. Government Initiatives
3.5.1.3. High Investments in Digital Electricity Infrastructure
3.5.2. Restraints
3.5.2.1. High Cost of Installations of the Smart Meters
3.5.3. Opportunity
3.5.3.1. Developing Smart City Project
3.6. Covid-19 Impact Analysis
Chapter 4: Smart Meters Market, by Product
4.1. Overview
4.2. Electricity Meter
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.4. Market Analysis, by Country
4.3. Gas Meter
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Water Meter
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country
Chapter 5: Smart Meters Market, by End Use
5.1. Overview
5.2. Residential
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Commercial
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Industrial
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country
Chapter 6: Smart Meters Market, by Region
6.1. Overview
6.2. North America
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Product
6.2.3. Market Size and Forecast, by End Use
6.2.4. Market Analysis, by Country
6.2.4.1. U. S.
6.2.4.1.1. Market Size and Forecast, by Product
6.2.4.1.2. Market Size and Forecast, by End Use
6.2.4.2. Canada
6.2.4.2.1. Market Size and Forecast, by Product
6.2.4.2.2. Market Size and Forecast, by End Use
6.2.4.3. Mexico
6.2.4.3.1. Market Size and Forecast, by Product
6.2.4.3.2. Market Size and Forecast, by End Use
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Product
6.3.3. Market Size and Forecast, by End Use
6.3.4. Market Analysis, by Country
6.3.4.1. UK
6.3.4.1.1. Market Size and Forecast, by Product
6.3.4.1.2. Market Size and Forecast, by End Use
6.3.4.2. Spain
6.3.4.2.1. Market Size and Forecast, by Product
6.3.4.2.2. Market Size and Forecast, by End Use
6.3.4.3. France
6.3.4.3.1. Market Size and Forecast, by Product
6.3.4.3.2. Market Size and Forecast, by End Use
6.3.4.4. Italy
6.3.4.4.1. Market Size and Forecast, by Product
6.3.4.4.2. Market Size and Forecast, by End Use
6.3.4.5. Rest of Europe
6.3.4.5.1. Market Size and Forecast, by Product
6.3.4.5.2. Market Size and Forecast, by End Use
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Product
6.4.3. Market Size and Forecast, by End Use
6.4.4. Market Analysis, by Country
6.4.4.1. China
6.4.4.1.1. Market Size and Forecast, by Product
6.4.4.1.2. Market Size and Forecast, by End Use
6.4.4.2. Japan
6.4.4.2.1. Market Size and Forecast, by Product
6.4.4.2.2. Market Size and Forecast, by End Use
6.4.4.3. India
6.4.4.3.1. Market Size and Forecast, by Product
6.4.4.3.2. Market Size and Forecast, by End Use
6.4.4.4. South Korea
6.4.4.4.1. Market Size and Forecast, by Product
6.4.4.4.2. Market Size and Forecast, by End Use
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Market Size and Forecast, by Product
6.4.4.5.2. Market Size and Forecast, by End Use
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Product
6.5.3. Market Size and Forecast, by End Use
6.5.4. Market Analysis, by Country
6.5.4.1. Latin America
6.5.4.1.1. Market Size and Forecast, by Product
6.5.4.1.2. Market Size and Forecast, by End Use
6.5.4.2. Middle East & Africa
6.5.4.2.1. Market Size and Forecast, by Product
6.5.4.2.2. Market Size and Forecast, by End Use
Chapter 7: Competitive Landscape
7.1. Introduction
7.1.1. Market Player Positioning, 2019
7.2. Competitive Dashboard
7.3. Competitive Heatmap
7.4. Key Developments
7.4.1. New Product Launches
7.4.2. Collaborations
7.4.3. Other Developments
Chapter 8: Company Profiles
8.1. Honeywell International Inc.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. R&D Expenditure
8.1.6. Business Performance
8.1.7. Key Strategic Moves and Developments
8.2. Schneider Electric
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. R&D Expenditure
8.2.7. Business Performance
8.3. Siemens AG
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. R&D Expenditure
8.3.7. Business Performance
8.3.8. Key Strategic Moves and Developments
8.4. Itron Inc.
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. R&D Expenditure
8.4.7. Business Performance
8.4.8. Key Strategic Moves and Developments
8.5. Landis+Gyr
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Product Portfolio
8.5.5. R&D Expenditure
8.5.6. Business Performance
8.5.7. Key Strategic Moves and Developments
8.6. Badger Meter, Inc.
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Product Portfolio
8.6.5. R&D Expenditure
8.6.6. Business Performance
8.6.7. Key Strategic Moves and Developments
8.7. Sensus (Xylem)
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.7.6. R&D Expenditure
8.7.7. Business Performance
8.7.8. Key Strategic Moves and Developments
8.8. Holley Technology Ltd.
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Product Portfolio
8.9. Edmi Limited
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Product Portfolio
8.9.5. Key Strategic Moves and Developments
8.10. Neptune Technology Group Inc.
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot.
8.10.4. Product Portfolio
8.10.5. Key Strategic Moves and Developments
8.11. Zilog, Inc.
8.11.1. Company Overview
8.11.2. Company Snapshot
8.11.3. Product Portfolio
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