Report overview
Smart meters are one of the basic equipment for data collection in smart grids (especially smart distribution networks). They are responsible for the collection, measurement and transmission of raw electrical energy data, and are the basis for information integration, analysis and optimization, and information presentation. In addition to the basic power metering function of traditional electric energy meters, smart meters also have two-way multi-rate metering functions, user-side control functions, and two-way data communication with multiple data transmission modes in order to adapt to the use of smart grids and new energy. Intelligent functions such as functions and anti-theft functions.
This report aims to provide a comprehensive presentation of the global market for Smart Meter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Meter. This report contains market size and forecasts of Smart Meter in global, including the following market information:
Global Smart Meter Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Smart Meter Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Smart Meter companies in 2022 (%)
The global Smart Meter market was valued at US$ 7440.3 million in 2022 and is projected to reach US$ 9554 million by 2029, at a CAGR of 3.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main smart meter manufacturers in the market include Landis+Gyr, Itron and General Electric.
The top ten global companies account for nearly 47% of the market.
The overall market concentration is not high. The high-end market is mostly monopolized by foreign companies, and the low-end market products Serious homogeneity and fierce price competition have affected the healthy development of the market.
Smart meter packages are divided into single-phase smart meters and three-phase smart meters, which can be used in residential, commercial and industrial applications.
We surveyed the Smart Meter manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Smart Meter Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Smart Meter Market Segment Percentages, by Type, 2022 (%)
Single-phase Smart Meters
Three-phase Smart Meters
Global Smart Meter Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Smart Meter Market Segment Percentages, by Application, 2022 (%)
Residential
Commercial
Industrial
Global Smart Meter Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Smart Meter Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Smart Meter revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Smart Meter revenues share in global market, 2022 (%)
Key companies Smart Meter sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Smart Meter sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Landis+Gyr
Itron
General Electric
Siemens
Sensus
Honeywell Elster
Sanxing Medical Electric
Jiangsu Linyang
Kamstrup
Wasion Group
Sagemcom
Hexing Electrical
Nuri Telecom
Clou Electronics
Iskraemeco
Zhejiang Chint
Shenzhen HND
Sunrise Technology
Holley Technology
LONGi Meter
ZIV
Outline of Major Chapters:
Chapter 1: Introduces the definition of Smart Meter, market overview.
Chapter 2: Global Smart Meter market size in revenue and volume.
Chapter 3: Detailed analysis of Smart Meter manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Smart Meter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Smart Meter capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
