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市场调查报告书
商品编码
1521289

2024-2032 年智慧电錶市场报告（按类型（高级计量基础设施 (AMI)、自动抄表 (AMR)）、相位（单相、三相）、最终用户（工业、商业、住宅）和地区

Smart Electric Meter Market Report by Type (Advanced Metering Infrastructure (AMI), Automatic Meter Reading (AMR)), Phase (Single Phase, Three Phase), End User (Industrial, Commercial, Residential), and Region 2024-2032
出版日期: | 出版商: IMARC | 英文 147 Pages | 商品交期: 2-3个工作天内

价格

2023年全球智慧电錶市场规模达256亿IMARC Group。消费者对即时资料的需求不断增长，以及老化电力基础设施的快速现代化，正在提振市场。

智慧电錶市场分析：

主要市场驱动因素：个人对高效能能源消耗和永续性的日益重视正在推动整个市场的发展。此外，智慧电錶作为现代电网管理解决方案的日益普及也是另一个重要的成长诱导因素。

主要市场趋势：无线通讯技术的不断进步是市场的新兴趋势之一。除此之外，消费者越来越倾向于更互联和智慧的能源管理，这进一步支撑了全球市场。

地域趋势：亚太地区在市场上表现出明显的主导地位。这可以归因于人们对节能的意识不断增强，这使得整个地区对智慧电錶的需求不断增加，以监控和控制用电情况。

竞争格局：根据智慧电錶市场概况，一些知名公司包括ABB Ltd.、Aclara Technologies LLC（Hubbell Incorporated）、Genus Power Infrastructures Ltd.、Holley Technology Ltd.、Honeywell International Inc.、Iskraemeco Group、Itron Inc.、江苏林洋能源有限公司、兰吉尔、Microchip Technology Inc.、施耐德电气SE 和威胜集团等。

挑战与机会：对资料隐私和网路安全的日益关注正在阻碍全球市场。由于智慧电錶即时收集和传输详细的能源使用资料，因此存在潜在的隐私风险。然而，政府机构实施严格的资料保护法预计将在预测期内推动市场发展。

智慧电錶市场趋势：

有利的监管支持

政府机构实施的各种法规强制安装智慧电錶以实现永续发展目标并使电网基础设施现代化，这正在加强市场。截至 2022 年 12 月，根据国家智慧电网任务 (NSGM) 仪表板，印度总共批准了 2.22 亿个智慧电錶，其中 790 万个已安装。此外，监管机构还提供财政激励措施，例如赠款或税收减免，以加快智慧电錶技术的采用。这反过来又推动了智慧电錶市场需求。例如，2022年6月，印度电力部启动了配电部门改革计画（RDSS）倡议，旨在提高配电公司的营运效率和财务永续性。该计划纳入了计划下批准的所有项目，例如 Deen-dayal Upadhyay Gram Jyoti Yojana、综合电力发展计划、2015 年总理发展计划等。 % 至15%，到2024-25 财年将平均供电成本与实现的平均收入差距降低至零，透过创建财务上可持续且营运高效的配电部门等。启动大规模智慧电錶推广，旨在以智慧电錶取代过时的电錶。例如，2023 年 9 月，印度电力和新能源与再生能源部部长通报，RDSS 指南要求透过公私合作 (PPP) 总支出 (TOTEX) 模式推出智慧电錶，以提供支援DISCOMS 并避免实施后的操作问题。除此之外，2023年6月，能源部在联合国开发计画署的支持下启动了一项试点计划，在欧洲摩尔多瓦安装智慧电錶来测量用电量。

持续的技术进步

机器学习 (ML) 演算法和物联网 (IoT) 技术的日益整合以增强智慧电錶的功能和可靠性，这对智慧电錶的市场前景产生了积极影响。此外，这些创新还提供预测性维护、提供即时资料分析，甚至适应不断变化的使用模式等，这是另一个重要的成长诱导因素。例如，2023 年 7 月，总部位于伯恩的 BKW 宣布在瑞士的电錶网路中部署电錶资料管理平台。除此之外，综合能源管理系统的引进也促进了市场的成长。例如，2023 年 12 月，Vector Technology Solutions (VTS) 和 Amazon Web Services (AWS) 开发了名为 Diverge 的平台，该平台优化企业和家庭智慧电錶和燃气表的高频资料，并协助能源公司管理可再生能源。此外，无线通讯技术的日益普及使得智慧电錶的操作和部署更加实用且成本更低，这刺激了市场。例如，2023 年 12 月，电信业者之一 Bharti Airtel 与 IntelliSmart Infrastructure 建立策略伙伴关係，利用物联网技术连接多达 2 千万智慧电錶。

对即时数据的需求

消费者对计费透明度的要求不断增长，推动了智慧电錶市场收入的成长。除此之外，这些仪表还可以帮助客户详细了解其能源消耗模式，从而鼓励他们做出明智的决策。例如，2024 年 3 月，英国配电公司苏格兰和南方电力网路 (SSEN) 开放其完整的智慧电錶半小时用电量资料集。此外，SSEN 成为英国最早提供此类资料的网路营运商之一，率先开发了用于在该国分发资料的开放资料网站。除此之外，主要公司正致力于透过增加对智慧电錶技术的投资来提高客户满意度，这推高了智慧电錶市场的近期价格。例如，2023 年 10 月，数据通讯公司 (DCC) 和英国 Energy Systems Catapult 加速了智慧电錶资料的访问​​，以提高透明度。此外，对客户和公用事业提供者互利的数据驱动洞察的需求不断增长，预计将在未来几年推动市场发展。例如，2024 年 2 月，GE Vernova 推出了 GridOS Data Fabric，该产品专为帮助公用事业营运智慧电网而设计。

智慧电錶市场细分：

IMARC Group提供了各细分市场的主要趋势分析，以及 2024-2032 年全球、区域和国家层面的智慧电錶市场预测。我们的报告根据类型、阶段和最终用户对市场进行了分类。

按类型划分：

进阶计量基础设施 (AMI)

自动抄表 (AMR)

先进计量基础设施 (AMI) 主导市场

该报告根据类型提供了详细的市场细分和分析。这包括高级计量基础设施 (AMI) 和自动抄表 (AMR)。根据该报告，先进计量基础设施（AMI）代表了最大的部分。

高级计量基础设施 (AMI) 正在主导市场，因为它允许即时资料收集，从而提供对能源消耗模式的即时洞察。除此之外，AMI 系统有助于最大限度地减少计费错误和争议的可能性。除此之外，它们还允许中央系统和仪表之间的双向通信，从而促进远端监控甚至韧体更新。此外，先进的计量基础设施有助于快速检测和隔离停电，从而提高电网的整体可靠性和效率。因此，它在全球范围内获得了广泛的关注。例如，2023 年 11 月，国际领先的高级计量基础设施 (AMI) 供应商之一 Trilliant 宣布与印度着名数位解决方案提供商之一 IntelliSmart Infrastructure Private Limited 合作，作为其软体合作伙伴之一头端系统( HES) 蜂窝实施。

按阶段划分：

单相

三相

该报告根据阶段提供了详细的市场细分和分析。这包括单相和三相。

根据智慧电錶市场统计，单相智慧电錶主要用于住宅环境，代表了用电用户的大部分。与此一致的是，单相电錶的操作相对简单，使得它们更易于维护和使用。三相智慧电錶广泛应用于商业和工业环境中，这些环境通常具有较高的功率需求。此外，它们可以实现更有效率、更平衡的配电，特别是在负载可变或重型机械的情况下，使其成为各行业的首选。

按最终用户划分：

工业的

商业的

住宅

住宅智慧电錶市场占有率最大

该报告提供了基于最终用户的详细市场细分和分析。这包括工业、商业和住宅。报告称，住宅是最大的细分市场。

对即时用电量资料的需求不断增长，推动了这一细分市场的成长，这使消费者能够更好地了解消费模式，并采取措施最大限度地减少浪费。除此之外，智慧电錶的自动化特性消除了手动抄表的需要，使计费过程更加有效率和准确。例如，2023 年 10 月，Eversource 为其美国康乃狄克州超过 120 万名住宅和小型企业客户安装了智慧电錶。

按地区划分：

北美洲

美国

加拿大

亚太

中国

日本

印度

韩国

澳洲

印尼

其他的

欧洲

德国

法国

英国

义大利

西班牙

俄罗斯

其他的

拉丁美洲

巴西

墨西哥

其他的

中东和非洲

亚太地区在市场上表现出明显的主导地位

市场研究报告还对所有主要区域市场进行了全面分析，其中包括北美（美国和加拿大）；亚太地区（中国、日本、印度、韩国、澳洲、印尼等）；欧洲（德国、法国、英国、义大利、西班牙、俄罗斯等）；拉丁美洲（巴西、墨西哥等）；以及中东和非洲。报告显示，亚太地区占据最大的市场份额。

公用事业公司对新型智慧电錶基础设施的投资不断增加，代表了智慧电錶市场的近期机会。例如，2024年2月，Salzer在印度建立了智慧电錶製造业务，该业务将具备年产400万隻智慧电錶的生产能力。与此一致，2024年2月，IGL Genesis Technologies与中国杭州Beta Meter签署协议，以约2亿卢比购买智慧电錶製造技术，透过先进的计量解决方案增强印度的能源基础设施。除此之外，越来越多的技术中心为智慧电錶等先进技术的开发和采用提供了坚实的基础，将在预测期内继续推动区域市场。例如，2023 年 3 月，领先的物联网 (IoT) 解决方案供应商之一 JioThings 与法国电力公司 EDF 和 Energy Efficiency Services Limited (EESL) 合作，在法国部署了 100 万个智慧预付费电錶。尔邦。据此，2023年9月，HPL Electric and Power Ltd与Wirepas Oy建立策略伙伴关係，在印度推出智慧电錶专案。

竞争格局：

领先公司正在整合即时追踪和高级分析，以增强智慧电錶的功能、可靠性和效率。此外，他们还透过调整产品以满足当地法规和消费者偏好来扩大地域范围。此外，一些主要参与者正在与公用事业公司、科技公司和地方政府建立策略联盟，以加速智慧电錶的采用。除此之外，智慧电錶市场公司正在投资安全资料加密，以保护用户资料免遭未经授权的存取。此外，他们还遵守国际和当地法规，例如能源效率标准和资料保护法，以确保其产品达到或超过这些标准。此外，主要参与者正在开发用户友好的介面和行动应用程序，使消费者能够即时监控他们的能源消耗，从而促进负责任的能源使用。

市场研究报告对竞争格局进行了全面分析。也提供了所有主要公司的详细资料。市场上的一些主要参与者包括：

ABB有限公司

Aclara Technologies LLC（哈贝尔公司）

Genus电力基础设施有限公司

华立科技有限公司

霍尼韦尔国际公司

伊斯克拉梅科集团

埃创公司

江苏林洋能源有限公司

兰迪斯+吉尔

微芯科技公司

施耐德电机公司

威胜集团

（请注意，这只是关键参与者的部分列表，报告中提供了完整列表。）

智慧电錶市场最新动态：

2024年5月：领先的消费性电子品牌之一Oakter推出了Oakmeter，这是一款具有即时资料和物联网功能的智慧电能表。

2024 年 3 月：马哈拉施特拉邦电力分配有限公司 (MSEDCL) 在那格浦尔推出预付费智慧电錶，作为配电部门改革计画 (RDSS) 的一部分。

2024 年 1 月：私人输配电公司 Adani Energy Solutions Limited (AESL) 与 Esyasoft Holdings 成立合资企业，在印度和其他国家实施智慧计量专案。

本报告回答的关键问题

  • 2023年全球智慧电錶市场规模有多大
  • 2024-2032年全球智慧电錶市场预计成长率是多少
  • 推动全球智慧电錶市场的关键因素是什么
  • COVID-19 对全球智慧电錶市场有何影响
  • 全球智慧电錶市场按类型划分是怎样的
  • 基于最终用户的全球智慧电錶市场区隔是怎样的
  • 全球智慧电錶市场的重点区域有哪些
  • 谁是全球智慧电錶市场的主要参与者/公司

本报告回答的关键问题

  • 2023年全球智慧电錶市场规模有多大？ 2024-2032年全球智慧电錶市场的预期成长率是多少？
  • 推动全球智慧电錶市场的关键因素是什么？
  • COVID-19 对全球智慧电錶市场有何影响？
  • 全球智慧电錶市场按类型划分是怎样的？
  • 基于最终用户的全球智慧电錶市场的细分情况如何？
  • 全球智慧电錶市场的重点区域有哪些？
  • 全球智慧电錶市场的主要参与者/公司有哪些？

目录

第一章：前言

第 2 章：范围与方法

  • 研究目的
  • 利害关係人
  • 资料来源
    • 主要资源
    • 二手资料
  • 市场预测
    • 自下而上的方法
    • 自上而下的方法
  • 预测方法

第 3 章：执行摘要

第 4 章：简介

  • 概述
  • 主要行业趋势

第 5 章：全球智慧电錶市场

  • 市场概况
  • 市场业绩
  • COVID-19 的影响
  • 市场预测

第 6 章：市场区隔：按类型

  • 进阶计量基础设施 (AMI)
    • 市场走向
    • 市场预测
  • 自动抄表 (AMR)
    • 市场走向
    • 市场预测

第 7 章：市场区隔：依阶段

  • 单相
    • 市场走向
    • 市场预测
  • 三相
    • 市场走向
    • 市场预测

第 8 章：市场区隔：依最终用户

  • 工业的
    • 市场走向
    • 市场预测
  • 商业的
    • 市场走向
    • 市场预测
  • 住宅
    • 市场走向
    • 市场预测

第 9 章：市场区隔：按地区

  • 北美洲
    • 美国
    • 加拿大
  • 亚太
    • 中国
    • 日本
    • 印度
    • 韩国
    • 澳洲
    • 印尼
    • 其他的
  • 欧洲
    • 德国
    • 法国
    • 英国
    • 义大利
    • 西班牙
    • 俄罗斯
    • 其他的
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他的
  • 中东和非洲
    • 市场走向
    • 市场细分：按国家/地区
    • 市场预测

第 10 章：SWOT 分析

  • 概述
  • 优势
  • 弱点
  • 机会
  • 威胁

第 11 章：价值链分析

第 12 章：波特五力分析

  • 概述
  • 买家的议价能力
  • 供应商的议价能力
  • 竞争程度
  • 新进入者的威胁
  • 替代品的威胁

第 13 章：价格分析

第14章：竞争格局

  • 市场结构
  • 关键参与者
  • 关键参与者简介
    • ABB Ltd.
    • Aclara Technologies LLC (Hubbell Incorporated)
    • Genus Power Infrastructures Ltd.
    • Holley Technology Ltd.
    • Honeywell International Inc.
    • Iskraemeco Group
    • Itron Inc.
    • Jiangsu Linyang Energy Co. Ltd.
    • Landis+Gyr
    • Microchip Technology Inc.
    • Schneider Electric SE
    • Wasion Group
Product Code: SR112024A5602

The global smart electric meter market size reached US$ 25.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 47.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032. The increasing demand among consumers for real-time data and the rapid modernization of aging electrical infrastructures are bolstering the market.

Smart Electric Meter Market Analysis:

Major Market Drivers: The rising emphasis of individuals on efficient energy consumption and sustainability is driving the overall market. Additionally, the inflating popularity of smart meters as a modern solution for grid management is also acting as another significant growth-inducing factor.

Key Market Trends: Continuous advancements in wireless communication technologies are among the emerging trends in the market. Besides this, the increasing inclination among consumers towards more interconnected and smart energy management is further bolstering the global market.

Geographical Trends: Asia Pacific exhibits a clear dominance in the market. This can be attributed to the rising awareness among individuals towards energy conservation, which is escalating the demand for smart meters across the region to monitor and control electricity usage.

Competitive Landscape: According to the smart electric meter market overview, some of the prominent companies include ABB Ltd., Aclara Technologies LLC (Hubbell Incorporated), Genus Power Infrastructures Ltd., Holley Technology Ltd., Honeywell International Inc., Iskraemeco Group, Itron Inc., Jiangsu Linyang Energy Co. Ltd., Landis+Gyr, Microchip Technology Inc., Schneider Electric SE, and Wasion Group, among many others.

Challenges and Opportunities: The elevating concerns related to data privacy and cybersecurity are hampering the global market. As smart meters collect and transmit detailed energy usage data in real-time, they pose potential privacy risks. However, the implementation of stringent data protection laws by government bodies is expected to fuel the market over the forecasted period.

Smart Electric Meter Market Trends:

Favorable Regulatory Support

The implementation of various regulations by government bodies that mandate the installation of smart meters to meet sustainability objective and modernize grid infrastructures is strengthening the market. As of Decem-ber 2022, acc-ording to the National Smart Grid Miss-ion (NSGM) dashboard, a total of 222 million smart meters were sanctioned in India, with 7.9 million already installed. Moreover, regulatory bodies also offer financial incentives, such as grants or tax breaks, to expedite the adoption of smart meter technology. This, in turn, is propelling the smart electric meter market demand. For instance, in June 2022, the Ministry of Power in India launched the Revamped Distribution Sector Scheme (RDSS) initiative, which aims to improve the operational efficiency and financial sustainability of discoms. The scheme incorpora-tes all projects sanctioned under programs, such as the Deen-dayal Upadhyay Gram Jyoti Yojana, the Integrated Po-wer Development Scheme, the Prime Minister's Development Pack-age 2015, etc. Additionally, the main objectives of smart metering initiatives under the RDSS are to reduce AT&C losses to 12 to 15%, lower the average cost of supply-average revenue realized gap to zero by the financial year 2024-25, enhance the reliability, quality, and affordability of power supply to consumers by creating a financially sustainable and operationally efficient distribution sector, etc. In line with this, they are also collaborating with utility companies to initiate large-scale smart meter rollouts, thereby aiming to replace outdated meters with smart ones. For instance, in September 2023, the Union Minister for Power and New & Renewable Energy in India informed that the RDSS guidelines mandated the roll-out of smart meters via public-private partnership (PPP) on total expenditure (TOTEX) mode to provide support to DISCOMS and avoid post-implementation operational issues. Apart from this, in June 2023, the Ministry of Energy launched a pilot program with the support of the United Nations Development Programme to install smart meters for measuring electricity consumption in Moldova, Europe.

Continuous Technological Advancements

The increasing integration of machine learning (ML) algorithms and Internet of Things (IoT) technology to enhance the capabilities and reliability of smart electric meters is positively influencing the smart electric meter market outlook. Additionally, these innovations offer predictive maintenance, provide real-time data analytics, even adapt to changing usage patterns, etc., which is acting as another significant growth-inducing factor. For example, in July 2023, Bern-based BKW announced the deployment of a meter data management platform across their meter network in Switzerland. Besides this, the introduction of comprehensive energy management systems is also contributing to the market growth. For instance, in December 2023, Vector Technology Solutions (VTS) and Amazon Web Services (AWS) developed the platform named Diverge that optimizes high-frequency data from smart electricity and gas meters in businesses and homes and assists energy companies in managing renewable power sources. Furthermore, the elevating popularity of wireless communication technologies has made the operation and deployment of smart meters more practical and less expensive, which is stimulating the market. For example, in December 2023, Bharti Airtel, one of the telecom operators, entered into a strategic partnership with IntelliSmart Infrastructure to connect up to 2 crore smart meters with the Internet of Things technology.

Need for Real-Time Data

The growing consumer requirement for transparency in billing is fueling the smart electric meter market revenue. Apart from this, these meters offer customers with detailed insights into their energy consumption patterns, thereby encouraging them to make informed decisions. For instance, in March 2024, GB distribution company Scottish and Southern Electricity Networks (SSEN) made its full smart meter half-hourly consumption datasets available as open access. Moreover, SSEN became one of the first network operators in Britain to make such data available, having pioneered the development of an open data portal for the distribution of data in the country. Besides this, key companies are focusing on improving customer satisfaction by investing more in smart electric meter technology, which is elevating the smart electric meter market's recent price. For example, in October 2023, Data Communications Company (DCC) and the UK's Energy Systems Catapult accelerated access to smart meter data for greater transparency. Additionally, the inflating demand for data-driven insights that are mutually beneficial for customers and utility providers is expected to drive the market in the coming years. For instance, in February 2024, GE Vernova introduced GridOS Data Fabric, which is specifically designed to help utilities in operating smart grids.

Smart Electric Meter Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the smart electric meter market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the type, phase, and end user.

Breakup by Type:

Advanced Metering Infrastructure (AMI)

Automatic Meter Reading (AMR)

Advanced metering infrastructure (AMI) dominate the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes advanced metering infrastructure (AMI) and automatic meter reading (AMR). According to the report, advanced metering infrastructure (AMI) represented the largest segment.

Advanced metering infrastructure (AMI) is dominating the market as it allows real-time data collection, thereby providing immediate insights into energy consumption patterns. Besides this, AMI systems assist in minimizing the chances of billing errors and disputes. Apart from this, they allow two-way communication between the central system and the meter, thereby facilitating remote monitoring and even firmware updates. Furthermore, advanced metering infrastructure aids in detecting and isolating outages quickly, thereby improving the overall reliability and efficiency of the electric grid. Consequently, it is gaining extensive traction across the globe. For example, in November 2023, Trilliant, one of the leading international providers of advanced metering infrastructure (AMI), announced the collaboration with IntelliSmart Infrastructure Private Limited, one of the prominent digital solutions providers in India, as one of its software partners for its Head-end System (HES) cellular implementations.

Breakup by Phase:

Single Phase

Three Phase

The report has provided a detailed breakup and analysis of the market based on the phase. This includes single phase and three phase.

As per the smart electric meter market statistics, single-phase smart electric meters are mainly used in residential settings, which represent most electricity consumers. In line with this, the operation of single-phase meters is relatively straightforward, making them easier to maintain, and use. Three-phase smart electric meters are widely adopted in both commercial and industrial settings, which often have higher power requirements. Moreover, they allow more efficient and balanced power distribution, particularly in settings with variable loads or heavy machinery, making them the preferred choice for industries.

Breakup by End User:

Industrial

Commercial

Residential

Residential hold the largest smart electric meter market share

The report has provided a detailed breakup and analysis of the market based on the end user. This includes industrial, commercial, and residential. According to the report, residential represented the largest market segmentation.

The growth in this segmentation is propelled by the inflating need for real-time data on electricity usage, which enabled consumers to understand consumption patterns better and initiate steps to minimize wastage. Apart from this, the automated nature of smart meters eliminates the need for manual meter readings, making the billing process more efficient and accurate. For instance, in October 2023, Eversource installed smart meters for its more than 1.2 million residential and small business customers in Connecticut, U.S. Moreover, in December 2023, Xylem introduced a novel residential electric meter with advanced grid edge capabilities.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance in the market

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

The rising investments by utility companies in novel smart meter infrastructures represent the smart electric meter market's recent opportunities. For instance, in February 2024, Salzer established a smart meter manufacturing business in India, which will have an annual production capacity of 4 million smart energy meters. In line with this, in February 2024, IGL Genesis Technologies signed a deal with China-based Hangzhou Beta Meter to buy smart meter manufacturing technology for about Rs 20 Crore to enhance the energy infrastructure in India with advanced metering solutions. Apart from this, the increasing number of tech hubs that provide a strong foundation for the development and adoption of advanced technologies, including smart electric meters, will continue to bolster the regional market over the forecasted period. For example, in March 2023, JioThings, one of the leading Internet of Things (IoT) solution providers, partnered with EDF, an electric utility firm in France, and Energy Efficiency Services Limited (EESL) to deploy one million smart prepaid meters in the state of Bihar. In line with this, in September 2023, HPL Electric and Power Ltd entered into a strategic partnership with Wirepas Oy to launch smart metering projects in India.

Competitive Landscape:

Leading companies are incorporating real-time tracking and advanced analytics to enhance the features, reliability, and efficiency of smart electric meters. Furthermore, they are expanding geographically by adapting products to meet local regulations and consumer preferences. In addition, several key players are entering into strategic alliances with utility companies, tech firms, and local governments to accelerate the adoption of smart meters. Besides this, smart electric meter market companies are investing in secure data encryptions to protect user data from unauthorized access. Additionally, they are adhering to international and local regulations, such as energy efficiency standards and data protection laws, to ensure that their products meet or exceed these standards. Moreover, major players are developing user-friendly interfaces and mobile apps that allow consumers to monitor their energy consumption in real-time, thereby promoting responsible energy usage.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

ABB Ltd.

Aclara Technologies LLC (Hubbell Incorporated)

Genus Power Infrastructures Ltd.

Holley Technology Ltd.

Honeywell International Inc.

Iskraemeco Group

Itron Inc.

Jiangsu Linyang Energy Co. Ltd.

Landis+Gyr

Microchip Technology Inc.

Schneider Electric SE

Wasion Group

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Smart Electric Meter Market Recent Developments:

May 2024: Oakter, one of the leading consumer electronics brands, introduced Oakmeter, which is a smart energy meter with real-time data and Internet of Things capabilities.

March 2024: The Maharashtra State Electricity Distribution Company Limited (MSEDCL) launched pre-paid smart electricity meters in Nagpur as a part of the Revamped Distribution Sector Scheme (RDSS).

January 2024: Adani Energy Solutions Limited (AESL), a private transmission and distribution company, formed a joint venture with Esyasoft Holdings to implement smart metering projects in India and other countries.

Key Questions Answered in This Report

  • 1. What was the size of the global smart electric meter market in 2023?
  • 2. What is the expected growth rate of the global smart electric meter market during 2024-2032?
  • 3. What are the key factors driving the global smart electric meter market?
  • 4. What has been the impact of COVID-19 on the global smart electric meter market?
  • 5. What is the breakup of the global smart electric meter market based on the type?
  • 6. What is the breakup of the global smart electric meter market based on the end user?
  • 7. What are the key regions in the global smart electric meter market?
  • 8. Who are the key players/companies in the global smart electric meter market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Smart Electric Meter Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Advanced Metering Infrastructure (AMI)
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Automatic Meter Reading (AMR)
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Phase

  • 7.1 Single Phase
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Three Phase
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by End User

  • 8.1 Industrial
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Commercial
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Residential
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 ABB Ltd.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Aclara Technologies LLC (Hubbell Incorporated)
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 SWOT Analysis
    • 14.3.3 Genus Power Infrastructures Ltd.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
    • 14.3.4 Holley Technology Ltd.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Honeywell International Inc.
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
    • 14.3.6 Iskraemeco Group
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
    • 14.3.7 Itron Inc.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
      • 14.3.7.4 SWOT Analysis
    • 14.3.8 Jiangsu Linyang Energy Co. Ltd.
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
    • 14.3.9 Landis+Gyr
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Microchip Technology Inc.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Schneider Electric SE
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
    • 14.3.12 Wasion Group
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials

List of Figures

  • Figure 1: Global: Smart Electric Meter Market: Major Drivers and Challenges
  • Figure 2: Global: Smart Electric Meter Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Smart Electric Meter Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Smart Electric Meter Market: Breakup by Type (in %), 2023
  • Figure 5: Global: Smart Electric Meter Market: Breakup by Phase (in %), 2023
  • Figure 6: Global: Smart Electric Meter Market: Breakup by End User (in %), 2023
  • Figure 7: Global: Smart Electric Meter Market: Breakup by Region (in %), 2023
  • Figure 8: Global: Smart Electric Meter (Advanced Metering Infrastructure (AMI)) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 9: Global: Smart Electric Meter (Advanced Metering Infrastructure (AMI)) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 10: Global: Smart Electric Meter (Automatic Meter Reading (AMR)) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 11: Global: Smart Electric Meter (Automatic Meter Reading (AMR)) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 12: Global: Smart Electric Meter (Single Phase) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 13: Global: Smart Electric Meter (Single Phase) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 14: Global: Smart Electric Meter (Three Phase) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 15: Global: Smart Electric Meter (Three Phase) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 16: Global: Smart Electric Meter (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 17: Global: Smart Electric Meter (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 18: Global: Smart Electric Meter (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 19: Global: Smart Electric Meter (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 20: Global: Smart Electric Meter (Residential) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 21: Global: Smart Electric Meter (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 22: North America: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 23: North America: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 24: United States: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 25: United States: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 26: Canada: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 27: Canada: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 28: Asia-Pacific: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 29: Asia-Pacific: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 30: China: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 31: China: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 32: Japan: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 33: Japan: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 34: India: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 35: India: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 36: South Korea: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 37: South Korea: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 38: Australia: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 39: Australia: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 40: Indonesia: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 41: Indonesia: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 42: Others: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 43: Others: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 44: Europe: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 45: Europe: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 46: Germany: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 47: Germany: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 48: France: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 49: France: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 50: United Kingdom: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 51: United Kingdom: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 52: Italy: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 53: Italy: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 54: Spain: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 55: Spain: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 56: Russia: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 57: Russia: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 58: Others: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 59: Others: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 60: Latin America: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 61: Latin America: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 62: Brazil: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 63: Brazil: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 64: Mexico: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 65: Mexico: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 66: Others: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 67: Others: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 68: Middle East and Africa: Smart Electric Meter Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 69: Middle East and Africa: Smart Electric Meter Market: Breakup by Country (in %), 2023
  • Figure 70: Middle East and Africa: Smart Electric Meter Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 71: Global: Smart Electric Meter Industry: SWOT Analysis
  • Figure 72: Global: Smart Electric Meter Industry: Value Chain Analysis
  • Figure 73: Global: Smart Electric Meter Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Smart Electric Meter Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Smart Electric Meter Market Forecast: Breakup by Type (in Million US$), 2024-2032
  • Table 3: Global: Smart Electric Meter Market Forecast: Breakup by Phase (in Million US$), 2024-2032
  • Table 4: Global: Smart Electric Meter Market Forecast: Breakup by End User (in Million US$), 2024-2032
  • Table 5: Global: Smart Electric Meter Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Global: Smart Electric Meter Market: Competitive Structure
  • Table 7: Global: Smart Electric Meter Market: Key Players