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市場調查報告書
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1521289

2024-2032 年智慧電錶市場報告（按類型（高級計量基礎設施 (AMI)、自動抄表 (AMR)）、相位（單相、三相）、最終用戶（工業、商業、住宅）和地區

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個工作天內

價格

2023年全球智慧電錶市場規模達256億IMARC Group。消費者對即時資料的需求不斷成長，以及老化電力基礎設施的快速現代化，正在提振市場。

智慧電錶市場分析：

主要市場促進因素：個人對高效能能源消耗和永續性的日益重視正在推動整個市場的發展。此外，智慧電錶作為現代電網管理解決方案的日益普及也是另一個重要的成長誘導因素。

主要市場趨勢：無線通訊技術的不斷進步是市場的新興趨勢之一。除此之外，消費者越來越傾向於更互聯和智慧的能源管理，這進一步支撐了全球市場。

地域趨勢：亞太地區在市場上表現出明顯的主導地位。這可以歸因於人們對節能的意識不斷增強，這使得整個地區對智慧電錶的需求不斷增加，以監控和控制用電情況。

競爭格局：根據智慧電錶市場概況，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.、江蘇林洋能源有限公司、蘭吉爾、Microchip Technology Inc.、施耐德電氣SE 和威勝集團等。

挑戰與機會：對資料隱私和網路安全的日益關注正在阻礙全球市場。由於智慧電錶即時收集和傳輸詳細的能源使用資料，因此存在潛在的隱私風險。然而，政府機構實施嚴格的資料保護法預計將在預測期內推動市場發展。

智慧電錶市場趨勢：

有利的監管支持

政府機構實施的各種法規強制安裝智慧電錶以實現永續發展目標並使電網基礎設施現代化，這正在加強市場。截至 2022 年 12 月，根據國家智慧電網任務 (NSGM) 儀表板，印度總共批准了 2.22 億個智慧電錶，其中 790 萬個已安裝。此外，監管機構還提供財政激勵措施，例如贈款或稅收減免，以加快智慧電錶技術的採用。這反過來又推動了智慧電錶市場需求。例如，2022年6月，印度電力部啟動了配電部門改革計畫（RDSS）計劃，旨在提高配電公司的營運效率和財務永續性。該計劃納入了計劃下批准的所有項目，例如 Deen-dayal Upadhyay Gram Jyoti Yojana、綜合電力發展計劃、2015 年總理發展計劃等。 % 至15%，到2024-25 會計年度將平均供電成本與實現的平均收入差距降低至零，透過創建財務上永續且營運高效的配電部門等。啟動大規模智慧電錶推廣，旨在以智慧電錶取代過時的電錶。例如，2023 年 9 月，印度電力和新能源與再生能源部部長通報，RDSS 指南要求透過公私合作 (PPP) 總支出 (TOTEX) 模式推出智慧電錶，以提供支援DISCOMS 並避免實施後的操作問題。除此之外，2023年6月，能源部在聯合國開發計畫署的支持下啟動了一項試點計劃，在歐洲莫耳多瓦安裝智慧電錶來測量用電量。

持續的技術進步

機器學習 (ML) 演算法和物聯網 (IoT) 技術的日益整合以增強智慧電錶的功能和可靠性，這對智慧電錶的市場前景產生了積極影響。此外，這些創新還提供預測性維護、提供即時資料分析，甚至適應不斷變化的使用模式等，這是另一個重要的成長誘導因素。例如，2023 年 7 月，總部位於伯恩的 BKW 宣佈在瑞士的電錶網路中部署電錶資料管理平台。除此之外，綜合能源管理系統的引進也促進了市場的成長。例如，2023 年 12 月，Vector Technology Solutions (VTS) 和 Amazon Web Services (AWS) 開發了名為 Diverge 的平台，該平台最佳化企業和家庭智慧電錶和燃氣表的高頻資料，並協助能源公司管理可再生能源。此外，無線通訊技術的日益普及使得智慧電錶的操作和部署更加實用且成本更低，這刺激了市場。例如，2023 年 12 月，電信業者之一 Bharti Airtel 與 IntelliSmart Infrastructure 建立策略夥伴關係，利用物聯網技術連接多達 2 千萬智慧電錶。

對即時數據的需求

消費者對計費透明度的要求不斷成長，推動了智慧電錶市場收入的成長。除此之外，這些儀表還可以幫助客戶詳細了解其能源消耗模式，從而鼓勵他們做出明智的決策。例如，2024 年 3 月，英國配電公司蘇格蘭和南方電力網路 (SSEN) 開放其完整的智慧電錶半小時用電量資料集。此外，SSEN 成為英國最早提供此類資料的網路營運商之一，率先開發了用於在該國分發資料的開放資料網站。除此之外，主要公司正致力於透過增加對智慧電錶技術的投資來提高客戶滿意度，這推高了智慧電錶市場的近期價格。例如，2023 年 10 月，數據通訊公司 (DCC) 和英國 Energy Systems Catapult 加速了智慧電錶資料的訪問​​，以提高透明度。此外，對客戶和公用事業提供者互利的數據驅動洞察的需求不斷成長，預計將在未來幾年推動市場發展。例如，2024 年 2 月，GE Vernova 推出了 GridOS Data Fabric，該產品專為幫助公用事業營運智慧電網而設計。

智慧電錶市場細分：

IMARC Group提供了各細分市場的主要趨勢分析，以及 2024-2032 年全球、區域和國家層面的智慧電錶市場預測。我們的報告根據類型、階段和最終用戶對市場進行了分類。

按類型分類：

進階計量基礎設施 (AMI)

自動抄表 (AMR)

先進計量基礎設施 (AMI) 主導市場

該報告根據類型提供了詳細的市場細分和分析。這包括高級計量基礎設施 (AMI) 和自動抄表 (AMR)。根據該報告，先進計量基礎設施（AMI）代表了最大的部分。

高級計量基礎設施 (AMI) 正在主導市場，因為它允許即時資料收集，從而提供對能源消耗模式的即時洞察。除此之外，AMI 系統有助於最大限度地減少計費錯誤和爭議的可能性。除此之外，它們還允許中央系統和儀表之間的雙向通訊，從而促進遠端監控甚至韌體更新。此外，先進的計量基礎設施有助於快速檢測和隔離停電，從而提高電網的整體可靠性和效率。因此，它在全球範圍內獲得了廣泛的關注。例如，2023 年 11 月，國際領先的高級計量基礎設施 (AMI) 供應商之一 Trilliant 宣布與印度著名數位解決方案提供商之一 IntelliSmart Infrastructure Private Limited 合作，作為其軟體合作夥伴之一頭端系統( HES) 蜂窩實施。

按階段分類：

單相

三相

該報告根據階段提供了詳細的市場細分和分析。這包括單相和三相。

根據智慧電錶市場統計，單相智慧電錶主要用於住宅環境，代表了用電用戶的大部分。與此一致的是，單相電錶的操作相對簡單，使得它們更易於維護和使用。三相智慧電錶廣泛應用於商業和工業環境中，這些環境通常具有較高的功率需求。此外，它們可以實現更有效率、更平衡的配電，特別是在負載可變或重型機械的情況下，使其成為各行業的首選。

按最終用戶分類：

工業的

商業的

住宅

住宅智慧電錶市場佔有率最大

該報告提供了基於最終用戶的詳細市場細分和分析。這包括工業、商業和住宅。報告稱，住宅是最大的細分市場。

對即時用電量資料的需求不斷成長，推動了這一細分市場的成長，這使消費者能夠更好地了解消費模式，並採取措施最大限度地減少浪費。除此之外，智慧電錶的自動化特性消除了手動抄表的需要，使計費過程更加有效率和準確。例如，2023 年 10 月，Eversource 為其美國康乃狄克州超過 120 萬名住宅和小型企業客戶安裝了智慧電錶。

按地區分類：

北美洲

美國

加拿大

亞太

中國

日本

印度

韓國

澳洲

印尼

其他

歐洲

德國

法國

英國

義大利

西班牙

俄羅斯

其他

拉丁美洲

巴西

墨西哥

其他

中東和非洲

亞太地區在市場上表現出明顯的主導地位

市場研究報告還對所有主要區域市場進行了全面分析，其中包括北美（美國和加拿大）；亞太地區（中國、日本、印度、韓國、澳洲、印尼等）；歐洲（德國、法國、英國、義大利、西班牙、俄羅斯等）；拉丁美洲（巴西、墨西哥等）；以及中東和非洲。報告顯示，亞太地區佔據最大的市場佔有率。

公用事業公司對新型智慧電錶基礎設施的投資不斷增加，代表了智慧電錶市場的近期機會。例如，2024年2月，Salzer在印度建立了智慧電錶製造業務，該業務將具備年產400萬隻智慧電錶的生產能力。與此一致，2024年2月，IGL Genesis Technologies與中國杭州Beta Meter簽署協議，以約2億盧比購買智慧電錶製造技術，透過先進的計量解決方案增強印度的能源基礎設施。除此之外，越來越多的技術中心為智慧電錶等先進技術的開發和採用提供了堅實的基礎，將在預測期內繼續推動區域市場。例如，2023 年 3 月，領先的物聯網 (IoT) 解決方案供應商之一 JioThings 與法國電力公司 EDF 和 Energy Efficiency Services Limited (EESL) 合作，在法國部署了 100 萬個智慧預付費電錶。爾邦。據此，2023年9月，HPL Electric and Power Ltd與Wirepas Oy建立策略夥伴關係，在印度推出智慧電錶專案。

競爭格局：

領先公司正在整合即時追蹤和高級分析，以增強智慧電錶的功能、可靠性和效率。此外，他們還透過調整產品以滿足當地法規和消費者偏好來擴大地域範圍。此外，一些主要參與者正在與公用事業公司、科技公司和地方政府建立策略聯盟，以加速智慧電錶的採用。除此之外，智慧電錶市場公司正在投資安全資料加密，以保護用戶資料免遭未經授權的存取。此外，他們還遵守國際和當地法規，例如能源效率標準和資料保護法，以確保其產品達到或超過這些標準。此外，主要參與者正在開發方便用戶使用的介面和行動應用程式，使消費者能夠即時監控他們的能源消耗，從而促進負責任的能源使用。

市場研究報告對競爭格局進行了全面分析。也提供了所有主要公司的詳細資料。市場上的一些主要參與者包括：

ABB有限公司

Aclara Technologies LLC（哈貝爾公司）

Genus電力基礎設施有限公司

華立科技有限公司

霍尼韋爾國際公司

伊斯克拉梅科集團

埃創公司

江蘇林洋能源有限公司

蘭迪斯+吉爾

微芯科技公司

施耐德電機公司

威勝集團

（請注意，這只是關鍵參與者的部分列表，報告中提供了完整列表。）

智慧電錶市場最新動態：

2024年5月：領先的消費性電子品牌之一Oakter推出了Oakmeter，這是一款具有即時資料和物聯網功能的智慧電能表。

2024 年 3 月：馬哈拉施特拉邦電力分配有限公司 (MSEDCL) 在那格浦爾推出預付費智慧電錶，作為配電部門改革計畫 (RDSS) 的一部分。

2024 年 1 月：私人輸配電公司 Adani Energy Solutions Limited (AESL) 與 Esyasoft Holdings 成立合資企業，在印度和其他國家實施智慧計量專案。

本報告回答的關鍵問題

  • 2023年全球智慧電錶市場規模有多大
  • 2024-2032年全球智慧電錶市場預計成長率是多少
  • 推動全球智慧電錶市場的關鍵因素是什麼
  • COVID-19 對全球智慧電錶市場有何影響
  • 全球智慧電錶市場按類型分類是怎樣的
  • 基於最終用戶的全球智慧電錶市場區隔是怎樣的
  • 全球智慧電錶市場的重點區域有哪些
  • 誰是全球智慧電錶市場的主要參與者/公司

本報告回答的關鍵問題

  • 2023年全球智慧電錶市場規模有多大？ 2024-2032年全球智慧電錶市場的預期成長率是多少？
  • 推動全球智慧電錶市場的關鍵因素是什麼？
  • COVID-19 對全球智慧電錶市場有何影響？
  • 全球智慧電錶市場按類型分類是怎樣的？
  • 基於最終用戶的全球智慧電錶市場的詳細情形如何？
  • 全球智慧電錶市場的重點區域有哪些？
  • 全球智慧電錶市場的主要參與者/公司有哪些？

目錄

第1章：前言

第 2 章：範圍與方法

  • 研究目的
  • 利害關係人
  • 資料來源
    • 主要資源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章：執行摘要

第 4 章：簡介

  • 概述
  • 主要行業趨勢

第 5 章：全球智慧電錶市場

  • 市場概況
  • 市場業績
  • COVID-19 的影響
  • 市場預測

第 6 章：市場區隔：按類型

  • 進階計量基礎設施 (AMI)
    • 市場走向
    • 市場預測
  • 自動抄表 (AMR)
    • 市場走向
    • 市場預測

第 7 章：市場區隔：依階段

  • 單相
    • 市場走向
    • 市場預測
  • 三相
    • 市場走向
    • 市場預測

第 8 章：市場區隔：依最終用戶

  • 工業的
    • 市場走向
    • 市場預測
  • 商業的
    • 市場走向
    • 市場預測
  • 住宅
    • 市場走向
    • 市場預測

第 9 章：市場區隔：按地區

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲
    • 市場走向
    • 市場細分：按國家/地區
    • 市場預測

第 10 章：SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 11 章：價值鏈分析

第 12 章：波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 13 章：價格分析

第14章：競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • 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