August 31, 2020

Smart Electric Meter Market value to hit $12 Bn by 2026: Global Market Insights, Inc.

Smart Electric Meter Market value to hit $12 Bn by 2026: Global Market Insights, Inc.

Rising infrastructure spending coupled with surging investment toward modernization & digitalization of healthcare services will stimulate the adoption for AMI technology. Ongoing commercialization has witnessed a substantial trend favoring the automation of meters to cater non-revenue electricity and minimize power thefts which in turn will augment the business landscape.

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Increasing adoption of energy efficient and smart monitoring & control devices for better accuracy in billing across the service sector including data centers, private offices and government buildings will favor the industry landscape.

Single phase systems will gain an appreciable momentum owing to their effective viability across high capacity industrial establishments and utility-aided power networks. Increasing urbanization rate coupled with favorable regulatory norms to upgrade the small-scale industries primarily across the developing nations will stimulate the product demand.

Growing demand for power reliability across engineering processes including oil & gas, hospitality, logistics and education will boost the three phase system adoption. Ongoing development of residential establishments on account of rising population and increasing per capita income will boost the adoption of smart metering systems. In addition, rapid private and public investments toward renewable technologies to limit carbon footprint and expansion of IoT enabled grid networks will facilitate the business outlook.

Middle East & Africa smart electric meter market will grow on account of flourishing real estate sector and extensive development across service sector. Government initiatives and mandates to minimize the non-electricity revenue, theft and power outages activities will enhance the industry outlook. In addition, ongoing upgradation and replacement of existing data collection systems with efficient electric meters will augment the business growth.

Browse key industry insights spread across 550 pages with 1095 market data tables & 30 figures & charts from the report, “Smart Electric Meter Market Share & Forecast, 2020 – 2026” in detail along with the table of contents: 

COVID-19 may impact the smart electric meter industry owing to delay in product deployment targets as well as overdue of various infrastructural development projects. However, robust growth across the healthcare sector and growing electricity demand across the developing nations is anticipated to enhance the product installation.

Some key findings of smart electric meter market report include:

  • Smart electric meter industry is growing rapidly owing to its applicability across commercial and residential sector.
  • Increasing investments across smart infrastructural development coupled with flourishing real estate sector is set to drive the business growth.
  • Increasing population in line with rising power thefts primarily across the emerging economies will boost the residential sector across the industry.

Key players operating across smart electric meter market are Itron, General Electric, Kamstrup, Apator and Larsen & Toubro Limited.

Browse complete reports table of contents (ToC):

Partial chapters of report table of contents (TOC):

Chapter 3  Smart Electric Meter Industry Insights

3.1  Industry segmentation

3.2  Industry ecosystem analysis

3.2.1  Vendor matrix

3.3  Innovation & technology landscape

3.3.1  Aclara Technologies LLC

3.3.2  Siemens

3.3.3  Honeywell Elster

3.3.4  Schweitzer Engineering Laboratories

3.3.5  Sensus

3.3.6  Genus Power Infrastructure Limited

3.3.7  Iskraemeco Group

3.3.8  Itron Inc.

3.3.9  Landis+Gyr AG

3.3.10  Kamstrup A/S

3.3.11  HPL Electric & Power Ltd.

3.4  Regulatory landscape

3.4.1  U.S.  American Recovery and Reinvestment Act (ARRA)

3.4.2  Europe  EU Directives  Third Legislative Package  Data Protection Directive  Legal processing of the metering data  UK  The Coalition and Conservative Governments  The Smart Metering Implementation Programme  The Smart Energy Code  The Energy Efficiency Directive  Smart Meter Policy Framework Post 2020

3.4.3  Sweden

3.4.4  Germany

3.4.5  France

3.4.6  Ireland  The National Smart Metering Programme

3.4.7  Netherlands

3.4.8  Italy

3.4.9  Asia-Pacific  India  Meter standards And specifications  Retrofitting of old meters  Australia  China

3.4.10  Japan  Fourth Basic Energy Plan

3.4.11  South Korea

3.4.12  Middle East & Africa  UAE  Oman

3.5  Industry impact forces

3.5.1  Growth drivers  Favorable government regulations  Renewable energy integration to smart grid infrastructure  Effective monitoring & control of energy consumption  Limits the electricity theft

3.5.2  Industry pitfalls & challenges  End-user resistance

3.6  Growth potential analysis

3.7  Porter’s Analysis

3.7.1  Bargaining power of buyers

3.7.2  Bargaining power of suppliers

3.7.3  Threat of new entrants

3.7.4  Threat of substitutes

3.8  Price trend analysis, By technology (USD/Unit)

3.9  Price trend analysis, By region (USD/Unit)

3.10  COVID-19 impact on the overall industry outlook

3.10.1  Top 10 countries impacted by COVID- 19

3.10.2  Optimistic

3.10.3  Realistic

3.10.4  Pessimistic

3.11  Communication protocols used in AMI/AMR

3.11.1  Automatic Meter Infrastructure (AMI)

3.11.2  Automatic Meter Reading (AMR)

3.12  Competitive Landscape, 2019

3.12.1  Strategy Dashboard  Aclara Technologies LLC  Agreement  Partnership  Acquisition  IBM  Agreement  Siemens  Acquisitions  Trilliant  Acquisition  Agreement  Kamstrup A/S  Partnerships  Acquisition  Agreements  Osaki Electric Co. Limited  Partnership  Sensus  Agreements  Iskraemeco Group  Agreements  Partnership  Badger Meter Inc.  Awards  Collaborations  Genus Power Infrastructure Limited  Partnership  ABB  Acquisition  Itron Inc.  Agreements  Acquisition  Collaboration  Landis+Gyr AG  Partnerships  Schneider Electric  Memorandum of Understanding  Acquisition  HPL Electric & Power Ltd.  Product Launch  General Electric  Partnership

3.13  PESTLE Analysis

Browse related report:

Smart Metering Systems Market Size By Application (Residential, Commercial, Utility), By Product (Smart Water Meter Systems, Smart Electric Meter Systems, Smart Gas Meter Systems), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision-making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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