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Smart Electric Meter Market by Communication Technology Type, End-User, Phase And Region - Global Forecast to 2023

Smart Electric Meter Market: Global Forecast until 2023

  • April 2018
  • 155 pages
  • ID: 4014206
In this report:
According to the UK government, the industrial energy consumption accounted for approximately ##.## Mtoe, out of which approximately ##% was contributed by electricity.
The Government of India has set an ambitious target to increase manufacturing output to ##% of the gross domestic product by 2025, from the current ##%.

Summary

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The smart electric meter market is estimated to rise at a compound annual growth rate of ~4.1 percent, from 2018 to 2023.

The smart electric meter market is forecasted to grow from an estimated ~$9.3B in 2018 to ~$11.3B by 2023, at a compound annual growth rate (CAGR) of ~4.1 percent, from 2018 to 2023. Elements such as the growing amount of renewable energy in the generation mix, a growing trend of distributed generation on Medium Voltage networks, a greater focus on real estate development by the investment community, and the rising rate of urbanization are driving the smart electric meter market. High initial investment acting as a restraint for increase in developing economies, and the delay in smart meter rollout projects restrain the market increase during the forecast year.

The commercial market is anticipated to be the quickest-increasing smart electric meter market, by end-user, during the estimate period.

The commercial segment is anticipated to be the quickest-rising segment of the smart electric meter market, by end-user, during the outlook period.The segment is anticipated to grow during the estimate period as a result of the rise of commercial facilities, which provides a boost to the power quality equipment.

These equipment are used for the conditioning and monitoring of voltage fluctuations, frequency, flickering, and transients and help in preventing critical equipment damage, thus growing the increase of the commercial smart electric meters market.

EU: The quickest developing market for smart electric meter.

Europe (EU) is the third-largest market for smart electric meters, and is increasing at the quickest rate during the outlook period.The European Union has proposed a 20:20:20 plan, which aims at reducing greenhouse gas emissions.

The aging infrastructure and equipment, load growth, and low emission of CO2 are some of the main drivers for the deployment of smart grid implementation. Furthermore, the focus of the governments on EV infrastructure and mobility programs have further supported the increase of the market.

Breakdown of Primaries

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 60.0 percent, Tier 23.0 percent, Tier 17.0 percent

• By Description: D-Level - 35.0 percent, D-Level - 25.0 percent, Others* - 40.0 percent

By area: Asia Pacific - 29.0 percent, Europe - 22.0 percent, North america (NA) - 18.0 percent, Middle East - 14.0 percent, Latin America - 12.0 percent, and Africa - 5.0 percent

Note: Others* includes sales managers, marketing managers, product managers, and engineers.

Note: Tier 1 Company: Revenue >5 billion, Tier 2 Company: Revenue between 1 billion and 5 billion, and Tier 3 Company: Revenue <1 billion

Key competitors in the smart electric meter market contain Itron, Landis+Gyr, Jiangsu Linyang, Wasion, Aclara Technologies, Schneider, Siemens, Honeywell, and Iskraemeco.

Segment Research

The study offers a complete view of the smart electric meter market across the smart metering sector and territories.It aims at evaluating the market value and future increase potential of the market across distinct segments including communication technology, end-user, phase, and area.

Futhermore, the analysis includes a detailed competitive analysis of the top players in the industry together with their company descriptions, latest developments, and key industries strategies.

The market has been split on the basis of communication technology type, end-user, phase, and area, with a focus on industry study. The market ranking review of the top actors, and company descriptions, which together comprise and evaluate the basic overviews on the competitive landscape, coming out and high-growth segments of the smart electric meter market.

This study furnishes highlights on the following points:

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the smart electric meter market

• Market Development: Highlighted information about profitable emerging sectors; the industry report examines the industries for smart electric meter across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall smart electric meter market

Why acquire this industry report?

1. The study determines and addresses main markets for the implementation of a smart electric meter in different end-users, which would help manufacturers review the rise in demand.

2. The analysis benefits solution providers distinguish the pulse of the sector and offer business insights into drivers, market restraints, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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