UK markets open in 6 hours 11 minutes
  • NIKKEI 225

    +149.50 (+0.52%)

    +218.85 (+0.74%)

    +0.15 (+0.29%)

    -4.60 (-0.25%)
  • DOW

    -22.96 (-0.07%)

    -461.13 (-1.93%)
  • CMC Crypto 200

    +0.20 (+0.03%)
  • ^IXIC

    -9.93 (-0.07%)
  • ^FTAS

    +9.64 (+0.26%)

Worldwide Smart Meters Industry to 2030 - Power Demand Management by Grid Operators Presents Opportunities

Research and Markets
·8-min read

Dublin, Dec. 18, 2020 (GLOBE NEWSWIRE) -- The "Global Smart Meters Market Analysis by Offering (Hardware, Software), Meter Type (Electric Meter, Gas Mater, Water Meter), Technology (AMI, AMR), Application (Residential, Commercial, Industrial, Water Utilities) and Region - Forecast to 2030" report has been added to's offering.

The global smart meters market is predicted to generate a revenue of $20 billion by 2030, increasing from $13.1 billion in 2019, progressing at a 4.9% CAGR during the forecast period (2020-2030), according to this study.

The market is growing due to the rising focus on smart grids, rising awareness among people regarding energy conservation, and surging focus of governments on replacing conventional meters with smart meters. Based on offering, the market is divided into software and hardware.

Between the two, the software division is expected to advance at a faster pace during the forecast period, owing to the high requirement for software that can identify anomalies in the utility consumption patterns and ensure accurate billing. Meter data management and head-end software are the two key smart meter software. The former is a storage platform for smart meters and the latter is utilized for data collection. Software also aids in managing the operations of smart meters in a better way.

When meter type is taken into consideration, the smart meters market is categorized into water meter, gas meter, and electric meter, out of which, the electric meter category accounted for the major share of the market in the past, as they are adopted more than other meter types. Governments of different countries are working towards encouraging the installation of these meters. The water meter category is predicted to register the highest CAGR during the forecast period.

The Asia-Pacific (APAC) region has been dominating the smart meters market during the historical period (2014-2019) and is further projected to grow at the fastest CAGR during the forecast period. The major nations in APAC are widely investing in the deployment of smart meters. Within the region, China has been leading the regional domain, owing to the fact that the country is investing heavily in smart meter infrastructure and smart grid projects. The increasing government initiatives are projected to drive the regional market.

The two-way communication feature of smart meters is also driving the smart meters market. These devices support a bi-directional flow of information. They are deployed at the end of user's premises for collecting information regarding electricity usage by all appliances and at regular intervals. Smart meters make use of local area network for collecting this data, which is then transmitted to the utility center using wide area network. The utility can also send signals, command, and information to the device at user's end if needed.

The growing deployment of smart meters for accurate billing is a key driving factor of the smart meters market. The utilization of smart and effective monitoring and control devices is leading to enhanced billing accuracy in the service sector, including in data centers, private offices, and government buildings. For example, the Energy Efficiency Services Limited in India observed that states equipped with smart meters showed an average increase of about 25% in billing.

In conclusion, the market is growing due to the two-way communication feature of smart meters and rising deployment of these meters for accurate billing.

Key Topics Covered:

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Offering
1.3.2 Market Segmentation by Meter Type
1.3.3 Market Segmentation by Technology
1.3.4 Market Segmentation by Application
1.3.5 Market Segmentation by Region
1.3.6 Analysis Period
1.3.7 Market Data Reporting Unit Volume Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents By region By industry participant By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Offering Hardware Software
4.1.2 By Meter Type Electric meter Water meter Gas meter
4.1.3 By Technology AMR AMI
4.1.4 By Application Residential Commercial Industrial Water utilities
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends Surging deployment of smart meters for accurate billing Robust applicability across various domains
4.3.2 Drivers Government policies supporting smart meter installation Increasing focus on smart grid programs Two-way communication feature of smart meters Impact analysis of drivers on market forecast
4.3.3 Restraints Lack of awareness about smart meters among consumers Lack of interoperability Impact analysis of restraints on market forecast
4.3.4 Opportunities Power demand management by grid operators
4.4 Impact of COVID-19 on Smart Meters Market
4.4.1 Impact of COVID-19 Outbreak on Supply and Demand Sides
4.4.2 Current scenario
4.4.3 Future scenario
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Intensity of Rivalry
4.5.4 Threat of New Entrants
4.5.5 Threat of Substitutes

Chapter 5. Global Market Size and Forecast
5.1 By Offering
5.2 By Meter Type
5.3 By Technology
5.4 By Application
5.5 By Region

Chapter 6. North America Market Size and Forecast
6.1 By Offering
6.2 By Meter Type
6.3 By Technology
6.4 By Application
6.5 By Country

Chapter 7. Europe Market Size and Forecast
7.1 By Offering
7.2 By Meter Type
7.3 By Technology
7.4 By Application
7.5 By Country

Chapter 8. APAC Market Size and Forecast
8.1 By Offering
8.2 By Meter Type
8.3 By Technology
8.4 By Application
8.5 By Country

Chapter 9. LATAM Market Size and Forecast
9.1 By Offering
9.2 By Meter Type
9.3 By Technology
9.4 By Application
9.5 By Country

Chapter 10. MEA Market Size and Forecast
10.1 By Offering
10.2 By Meter Type
10.3 By Technology
10.4 By Application
10.5 By Country

Chapter 11. Major Markets for Smart Meters
11.1 U.S. Smart Meters Market
11.1.1 By Meter Type
11.1.2 By Application
11.2 France Smart Meters Market
11.2.1 By Meter Type
11.2.2 By Application
11.3 China Smart Meters Market
11.3.1 By Meter Type
11.3.2 By Application
11.4 Japan Smart Meters Market
11.4.1 By Meter Type
11.4.2 By Application
11.5 India Smart Meters Market
11.5.1 By Meter Type
11.5.2 By Application

Chapter 12. Competitive Landscape
12.1 List of Players and Their Offerings
12.2 Ranking of Key Players
12.2.1 Ranking of Key Players
12.3 Product Benchmarking of Key Players
12.4 Strategic Developments in the Market
12.4.1 Mergers & Acquisitions
12.4.2 Product Launches
12.4.3 Partnerships
12.4.4 Geographic Expansion
12.4.5 Client Wins

Chapter 13. Company Profiles
13.1 Siemens AG
13.1.1 Business Overview
13.1.2 Product and Service Offerings
13.1.3 Key Financial Summary
13.2 Itron Inc.
13.2.1 Business Overview
13.2.2 Product and Service Offerings
13.2.3 Key Financial Summary
13.3 Iskraemeco, d.d.
13.3.1 Business Overview
13.3.2 Product and Service Offerings
13.4 Landis+Gyr
13.4.1 Business Overview
13.4.2 Product and Service Offerings
13.4.3 Key Financial Summary
13.5 Osaki Electric Co. Ltd.
13.5.1 Business Overview
13.5.2 Product and Service Offerings
13.5.3 Key Financial Summary
13.6 Holley Metering Ltd.
13.6.1 Business Overview
13.6.2 Product and Service Offerings
13.7 Elster Group GmbH
13.7.1 Business Overview
13.7.2 Product and Service Offerings
13.8 Schneider Electric SE
13.8.1 Business Overview
13.8.2 Product and Service Offerings
13.8.3 Key Financial Summary
13.9 Enel S.p.A
13.9.1 Business Overview
13.9.2 Product and Service Offerings
13.9.3 Key Financial Summary
13.10 Sagemcom
13.10.1 Business Overview
13.10.2 Product and Service Offerings

Chapter 14. Appendix
14.1 Abbreviations
14.2 Sources and References
14.3 Related Reports

For more information about this report visit

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: Laura Wood, Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900