Smart Electric Meter Market: Summary

The global smart electric meter market is estimated to reach USD 16.8 Billion in 2024 at a CAGR of 6.1%. Increasing adoption of smart grid growing and customer centric approach of the energy sector is expected to drive the smart electric meter market during the forecast period. However, high initial investment is expected to restrain the market during the forecast period. Internet of Things (IoT) enabled smart grid is expected to become an opportunity for global market.

Smart electric meter is an electronic device which sends meter readings to energy supplier digitally. The smart electric meter captures units of power consumed at certain time intervals. This captured data is then communicated to the energy supplier for the billing and monitoring purpose. Some key players in smart electric meter market are Itron Inc., Landis+Gyr, Siemens AG, Honeywell International In., and Xylem among others.

Smart Electric Meter Market: Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global smart electric meter market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of phase, the market is segmented into single phase and three phase. By communication technology, the global market is segmented into radio frequency, cellular, power line communication, fiber optics. By end use sector, global market is segmented into residential, commercial and industrial.

Smart Electric Meter Market: Report Scope

The report on the smart electric meter market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features Specifics Historical/Estimated/Forecasted Market Size Years 2017-2024 Base Year for Market Calculation 2018 Forecasted Period 2019-2024 (2019 estimated year, forecasted up to 2024) Measured Units Value (USD Million) Segments Included Phase, Communication Technology, End Use Sector Regional Coverage Asia-Pacific, North America, Europe, Middle East & Africa, South America

Companies Covered

Itron Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

Landis+Gyr.

Siemens AG

Honeywell International Inc.

Xylem

Aclara Technologies LLC.

Holley Technology UK Ltd.

Iskraemeco d.d.

Networked Energy Services

Microchip Technology Inc.

Other Key Companies

Smart Electric Meter Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Smart Electric Meter Market by Phase

Single Phase

Three Phase

Smart Electric Meter Market by Communication Technology

Radio Frequency

Cellular

Power Line Communication

Fiber Optics

Smart Electric Meter Market by End Use Sector

Residential

Commercial

Industrial

Smart Electric Meter Market by Region

Asia-Pacific China India Japan South Korea Australia Rest of Asia-Pacific

North America US Canada Mexico

Europe Germany France Italy UK The Netherlands Rest of Europe

Middle East and Africa Saudi Arabia UAE Rest of Middle East & Africa

South America Brazil Argentina Rest of South America



Key Questions answered by the report

What are the major developments impacting the global market and its growth?

What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?

What are the evolving types of the global market?

What are the evolving applications of global market?

What are the major characteristics that will affect the global market growth during the study period?

Who are the key players operating in the global market?

How are the major players leveraging in the existing market conditions?

Report Audience

Smart Electric Meter Market Providers

Smart Electric Meter Market Solution and Services Suppliers, Distributors and Dealers

End-Users of Varied Segments of Smart Electric Meter Market

Government Bodies and Intellectual Institutions

Associations and Industrial Organizations

Research & Consulting Service Providers

Research & Development Organizations

Investment Banks & Private Equity Firms