Setting

Global Smart Meters Market 2020-2027 by Component, Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase, Specification (SMETS1, SMETS2), Application (Electricity, Gas, Water), End Use (Residential, Commercial, Industrial), and Region: Trend Outlook and Growth Opportunity

Published: 28 Apr 2021 | Report Code: 10247979 | Pages: 156

Global smart meters market will reach $27.3 billion by 2027, growing by 8.4% annually over 2020-2027 driven by the advancements in metering technologies, rising awareness among people regarding energy conservation, and surging government initiatives. The sales volume will register a 2020-2027 CAGR of 6.2%. Highlighted with 83 tables and 84 figures, this 156-page report “Global Smart Meters Market 2020-2027 by Component, Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase, Specification (SMETS1, SMETS2), Application (Electricity, Gas, Water), End Use (Residential, Commercial, Industrial), and Region: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire global smart meters market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate/forecast from 2020 till 2027 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global smart meters market in every aspect of the classification from perspectives of Component, Technology, Communication Type, Phase, Specification, Application, End Use, and Region. Based on Component, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section. • Hardware • Software & Service Based on Technology, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section. • Automatic Meter Reading (AMR) • Advanced Metering Infrastructure (AMI) Based on Communication Type, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section. • Cellular Technology • Radio Frequency (RF) • Power Line Communication (PLC) • Other Communication Types Based on Phase, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section. • Single-phase Smart Meters • Three-phase Smart Meters Based on Specification, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section. • SMETS1 Smart Meters • SMETS2 Smart Meters Based on Application, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section. • Smart Electricity Meters • Smart Gas Meters • Smart Water Meters Based on End Use, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section. • Residential Use • Commercial Use • Industrial Use Geographically, the following regions together with the listed national/local markets are fully investigated: • APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines) • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) • North America (U.S., Canada, and Mexico) • South America (Brazil, Chile, Argentina, Rest of South America) • MEA (UAE, Saudi Arabia, South Africa) For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown of all regional markets by country and split of key national markets by Component, Application, and End Use over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Key Players (this may not be a complete list and extra companies can be added upon request): Badger Meter, Inc. EDMI Elster Group GmbH Holley Metering Limited Honeywell International Inc. Iskraemeco Itron Inc. Landis+Gyr Group AG Neptune Technology Group Inc. Schneider Electric SA Sensus USA Inc. Siemens AG (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table Of Contents

1 Introduction	8
1.1 Industry Definition and Research Scope	8
1.1.1 Industry Definition	8
1.1.2 Research Scope	9
1.2 Research Methodology	12
1.2.1 Overview of Market Research Methodology	12
1.2.2 Market Assumption	13
1.2.3 Secondary Data	13
1.2.4 Primary Data	13
1.2.5 Data Filtration and Model Design	15
1.2.6 Market Size/Share Estimation	16
1.2.7 Research Limitations	17
1.3 Executive Summary	18
2 Market Overview and Dynamics	21
2.1 Market Size and Forecast	21
2.1.1 Impact of COVID-19 on World Economy	22
2.1.2 Impact of COVID-19 on the Market	24
2.2 Major Growth Drivers	26
2.3 Market Restraints and Challenges	29
2.4 Emerging Opportunities and Market Trends	32
2.5 Porter’s Fiver Forces Analysis	36
3 Segmentation of Global Market by Component	40
3.1 Market Overview by Component	40
3.2 Hardware	42
3.3 Software & Service	43
4 Segmentation of Global Market by Technology	44
4.1 Market Overview by Technology	44
4.2 Automatic Meter Reading (AMR)	46
4.3 Advanced Metering Infrastructure (AMI)	47
5 Segmentation of Global Market by Communication Type	48
5.1 Market Overview by Communication Type	48
5.2 Cellular Technology	50
5.3 Radio Frequency (RF)	51
5.4 Power Line Communication (PLC)	52
5.5 Other Communication Types	53
6 Segmentation of Global Market by Phase	54
6.1 Market Overview by Phase	54
6.2 Single-phase Smart Meters	56
6.3 Three-phase Smart Meters	57
7 Segmentation of Global Market by Specification	58
7.1 Market Overview by Specification	58
7.2 SMETS1 Smart Meters	60
7.3 SMETS2 Smart Meters	61
8 Segmentation of Global Market by Application	62
8.1 Market Overview by Application	62
8.2 Smart Electricity Meters	64
8.3 Smart Gas Meters	65
8.4 Smart Water Meters	66
9 Segmentation of Global Market by End Use	67
9.1 Market Overview by End Use	67
9.2 Residential Use	69
9.3 Commercial Use	70
9.4 Industrial Use	71
10 Segmentation of Global Market by Region	72
10.1 Geographic Market Overview 2020-2027	72
10.2 North America Market 2020-2027 by Country	76
10.2.1 Overview of North America Market	76
10.2.2 U.S.	79
10.2.3 Canada	82
10.2.4 Mexico	84
10.3 European Market 2020-2027 by Country	86
10.3.1 Overview of European Market	86
10.3.2 UK	89
10.3.3 France	91
10.3.4 Germany	93
10.3.5 Spain	95
10.3.6 Italy	97
10.3.7 Russia	99
10.3.8 Rest of European Market	101
10.4 Asia-Pacific Market 2020-2027 by Country	103
10.4.1 Overview of Asia-Pacific Market	103
10.4.2 China	106
10.4.3 Japan	108
10.4.4 India	111
10.4.5 Australia	113
10.4.6 South Korea	115
10.4.7 Rest of APAC Region	117
10.5 South America Market 2020-2027 by Country	119
10.5.1 Argentina	122
10.5.2 Brazil	124
10.5.3 Chile	126
10.5.4 Rest of South America Market	128
10.6 MEA Market 2020-2027 by Country	129
10.6.1 UAE	132
10.6.2 Saudi Arabia	134
10.6.3 South Africa	136
10.6.4 Other National Markets	138
11 Competitive Landscape	139
11.1 Overview of Key Vendors	139
11.2 New Product Launch, Partnership, Investment, and M&A	142
11.3 Company Profiles	143
Badger Meter, Inc.	143
EDMI	145
Elster Group GmbH	146
Holley Metering Limited	147
Honeywell International Inc.	148
Iskraemeco	149
Itron Inc.	150
Landis+Gyr Group AG	151
Neptune Technology Group Inc.	152
Schneider Electric SA	153
Sensus USA Inc.	154
Siemens AG	155
Related Reports and Products	156
List Of Tables

Table 1.  Snapshot of Global Smart Meters Market in Balanced Perspective, 2020-2027	19
Table 2. Growth Rate of World GDP, 2020-2022	23
Table 3.  Main Product Trends and Market Opportunities in Global Smart Meters Market	32
Table 4. Global Smart Meters Market by Component, 2017-2027, $ mn	40
Table 5. Global Smart Meters Market by Technology, 2017-2027, $ mn	44
Table 6. Global Smart Meters Market by Communication Type, 2017-2027, $ mn	48
Table 7. Global Smart Meters Market by Phase, 2017-2027, $ mn	54
Table 8. Global Smart Meters Market by Specification, 2017-2027, $ mn	58
Table 9. Global Smart Meters Market by Application, 2017-2027, $ mn	62
Table 10. Global Smart Meters Market by End Use, 2017-2027, $ mn	67
Table 11. Global Smart Meters Market by Region, 2017-2027, $ mn	73
Table 12.  Leading National Smart Meters Market, 2020 and 2027, $ mn	75
Table 13. North America Smart Meters Market by Country, 2017-2027, $ mn	78
Table 14. U.S. Smart Meters Market by Component, 2017-2027, $ mn	81
Table 15. U.S. Smart Meters Market by Application, 2017-2027, $ mn	81
Table 16. U.S. Smart Meters Market by End Use, 2017-2027, $ mn	81
Table 17. Canada Smart Meters Market by Component, 2017-2027, $ mn	83
Table 18. Canada Smart Meters Market by Application, 2017-2027, $ mn	83
Table 19. Canada Smart Meters Market by End Use, 2017-2027, $ mn	83
Table 20. Mexico Smart Meters Market by Component, 2017-2027, $ mn	85
Table 21. Mexico Smart Meters Market by Application, 2017-2027, $ mn	85
Table 22. Mexico Smart Meters Market by End Use, 2017-2027, $ mn	85
Table 23. Europe Smart Meters Market by Country, 2017-2027, $ mn	88
Table 24. UK Smart Meters Market by Component, 2017-2027, $ mn	90
Table 25. UK Smart Meters Market by Application, 2017-2027, $ mn	90
Table 26. UK Smart Meters Market by End Use, 2017-2027, $ mn	90
Table 27. France Smart Meters Market by Component, 2017-2027, $ mn	92
Table 28. France Smart Meters Market by Application, 2017-2027, $ mn	92
Table 29. France Smart Meters Market by End Use, 2017-2027, $ mn	92
Table 30. Germany Smart Meters Market by Component, 2017-2027, $ mn	94
Table 31. Germany Smart Meters Market by Application, 2017-2027, $ mn	94
Table 32. Germany Smart Meters Market by End Use, 2017-2027, $ mn	94
Table 33. Spain Smart Meters Market by Component, 2017-2027, $ mn	96
Table 34. Spain Smart Meters Market by Application, 2017-2027, $ mn	96
Table 35. Spain Smart Meters Market by End Use, 2017-2027, $ mn	96
Table 36. Italy Smart Meters Market by Component, 2017-2027, $ mn	98
Table 37. Italy Smart Meters Market by Application, 2017-2027, $ mn	98
Table 38. Italy Smart Meters Market by End Use, 2017-2027, $ mn	98
Table 39. Russia Smart Meters Market by Component, 2017-2027, $ mn	100
Table 40. Russia Smart Meters Market by Application, 2017-2027, $ mn	100
Table 41. Russia Smart Meters Market by End Use, 2017-2027, $ mn	100
Table 42. Smart Meters Market in Rest of Europe by Country, 2017-2027, $ mn	102
Table 43. APAC Smart Meters Market by Country, 2017-2027, $ mn	105
Table 44. China Smart Meters Market by Component, 2017-2027, $ mn	107
Table 45. China Smart Meters Market by Application, 2017-2027, $ mn	107
Table 46. China Smart Meters Market by End Use, 2017-2027, $ mn	107
Table 47. Japan Smart Meters Market by Component, 2017-2027, $ mn	110
Table 48. Japan Smart Meters Market by Application, 2017-2027, $ mn	110
Table 49. Japan Smart Meters Market by End Use, 2017-2027, $ mn	110
Table 50. India Smart Meters Market by Component, 2017-2027, $ mn	112
Table 51. India Smart Meters Market by Application, 2017-2027, $ mn	112
Table 52. India Smart Meters Market by End Use, 2017-2027, $ mn	112
Table 53. Australia Smart Meters Market by Component, 2017-2027, $ mn	114
Table 54. Australia Smart Meters Market by Application, 2017-2027, $ mn	114
Table 55. Australia Smart Meters Market by End Use, 2017-2027, $ mn	114
Table 56. South Korea Smart Meters Market by Component, 2017-2027, $ mn	116
Table 57. South Korea Smart Meters Market by Application, 2017-2027, $ mn	116
Table 58. South Korea Smart Meters Market by End Use, 2017-2027, $ mn	116
Table 59. Smart Meters Market in Rest of APAC by Country/Region, 2017-2027, $ mn	118
Table 60. South America Smart Meters Market by Country, 2017-2027, $ mn	121
Table 61. Argentina Smart Meters Market by Component, 2017-2027, $ mn	123
Table 62. Argentina Smart Meters Market by Application, 2017-2027, $ mn	123
Table 63. Argentina Smart Meters Market by End Use, 2017-2027, $ mn	123
Table 64. Brazil Smart Meters Market by Component, 2017-2027, $ mn	125
Table 65. Brazil Smart Meters Market by Application, 2017-2027, $ mn	125
Table 66. Brazil Smart Meters Market by End Use, 2017-2027, $ mn	125
Table 67. Chile Smart Meters Market by Component, 2017-2027, $ mn	127
Table 68. Chile Smart Meters Market by Application, 2017-2027, $ mn	127
Table 69. Chile Smart Meters Market by End Use, 2017-2027, $ mn	127
Table 70. MEA Smart Meters Market by Country, 2017-2027, $ mn	131
Table 71. UAE Smart Meters Market by Component, 2017-2027, $ mn	133
Table 72. UAE Smart Meters Market by Application, 2017-2027, $ mn	133
Table 73. UAE Smart Meters Market by End Use, 2017-2027, $ mn	133
Table 74. Saudi Arabia Smart Meters Market by Component, 2017-2027, $ mn	135
Table 75. Saudi Arabia Smart Meters Market by Application, 2017-2027, $ mn	135
Table 76. Saudi Arabia Smart Meters Market by End Use, 2017-2027, $ mn	135
Table 77. South Africa Smart Meters Market by Component, 2017-2027, $ mn	137
Table 78. South Africa Smart Meters Market by Application, 2017-2027, $ mn	137
Table 79. South Africa Smart Meters Market by End Use, 2017-2027, $ mn	137
Table 80. Badger Meter, Inc.: Company Snapshot	143
Table 81. Badger Meter, Inc.: Business Segmentation	143
Table 82. Badger Meter, Inc.: Product Portfolio	144
Table 83. Badger Meter, Inc.: Revenue, 2017-2019, $ mn	144
List Of Figures

Figure 1. Research Method Flow Chart	12
Figure 2. Breakdown of Primary Research	14
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation	16
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027	18
Figure 5. Global Smart Meters Market, 2017-2027, $ mn	21
Figure 6. Impact of COVID-19 on Business	24
Figure 7. Primary Drivers and Impact Factors of Global Smart Meters Market	26
Figure 8. Primary Restraints and Impact Factors of Global Smart Meters Market	29
Figure 9. Investment Opportunity Analysis	33
Figure 10. Porter’s Fiver Forces Analysis of Global Smart Meters Market	36
Figure 11. Breakdown of Global Smart Meters Market by Component, 2020-2027, % of Revenue	40
Figure 12. Contribution to Global 2021-2027 Cumulative Revenue by Component, Value ($ mn) and Share (%)	41
Figure 13. Global Smart Meters Market: Hardware, 2017-2027, $ mn	42
Figure 14. Global Smart Meters Market: Software & Service, 2017-2027, $ mn	43
Figure 15. Breakdown of Global Smart Meters Market by Technology, 2020-2027, % of Revenue	44
Figure 16. Contribution to Global 2021-2027 Cumulative Revenue by Technology, Value ($ mn) and Share (%)	45
Figure 17. Global Smart Meters Market: Automatic Meter Reading (AMR), 2017-2027, $ mn	46
Figure 18. Global Smart Meters Market: Advanced Metering Infrastructure (AMI), 2017-2027, $ mn	47
Figure 19. Breakdown of Global Smart Meters Market by Communication Type, 2020-2027, % of Revenue	49
Figure 20. Contribution to Global 2021-2027 Cumulative Revenue by Communication Type, Value ($ mn) and Share (%)	49
Figure 21. Global Smart Meters Market: Cellular Technology, 2017-2027, $ mn	50
Figure 22. Global Smart Meters Market: Radio Frequency (RF), 2017-2027, $ mn	51
Figure 23. Global Smart Meters Market: Power Line Communication (PLC), 2017-2027, $ mn	52
Figure 24. Global Smart Meters Market: Other Communication Types, 2017-2027, $ mn	53
Figure 25. Breakdown of Global Smart Meters Market by Phase, 2020-2027, % of Revenue	54
Figure 26. Contribution to Global 2021-2027 Cumulative Revenue by Phase, Value ($ mn) and Share (%)	55
Figure 27. Global Smart Meters Market: Single-phase Smart Meters, 2017-2027, $ mn	56
Figure 28. Global Smart Meters Market: Three-phase Smart Meters, 2017-2027, $ mn	57
Figure 29. Breakdown of Global Smart Meters Market by Specification, 2020-2027, % of Revenue	58
Figure 30. Contribution to Global 2021-2027 Cumulative Revenue by Specification, Value ($ mn) and Share (%)	59
Figure 31. Global Smart Meters Market: SMETS1 Smart Meters, 2017-2027, $ mn	60
Figure 32. Global Smart Meters Market: SMETS2 Smart Meters, 2017-2027, $ mn	61
Figure 33. Breakdown of Global Smart Meters Market by Application, 2020-2027, % of Revenue	62
Figure 34. Contribution to Global 2021-2027 Cumulative Revenue by Application, Value ($ mn) and Share (%)	63
Figure 35. Global Smart Meters Market: Smart Electricity Meters, 2017-2027, $ mn	64
Figure 36. Global Smart Meters Market: Smart Gas Meters, 2017-2027, $ mn	65
Figure 37. Global Smart Meters Market: Smart Water Meters, 2017-2027, $ mn	66
Figure 38. Breakdown of Global Smart Meters Market by End Use, 2020-2027, % of Revenue	68
Figure 39. Contribution to Global 2021-2027 Cumulative Revenue by End Use, Value ($ mn) and Share (%)	68
Figure 40. Global Smart Meters Market: Residential Use, 2017-2027, $ mn	69
Figure 41. Global Smart Meters Market: Commercial Use, 2017-2027, $ mn	70
Figure 42. Global Smart Meters Market: Industrial Use, 2017-2027, $ mn	71
Figure 43.  Global Market Snapshot by Region	72
Figure 44.  Geographic Spread of Worldwide Smart Meters Market, 2020-2027, % of Revenue	73
Figure 45. Contribution to Global 2021-2027 Cumulative Revenue by Region, Value ($ mn) and Share (%)	74
Figure 46.  North American Smart Meters Market, 2017-2027, $ mn	77
Figure 47. Breakdown of North America Smart Meters Market by Country, 2020 and 2027, % of Revenue	77
Figure 48. Contribution to North America 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%)	78
Figure 49. U.S. Smart Meters Market, 2017-2027, $ mn	80
Figure 50. Canada Smart Meters Market, 2017-2027, $ mn	82
Figure 51.  Smart Meters Market in Mexico, 2017-2027, $ mn	84
Figure 52.  European Smart Meters Market, 2017-2027, $ mn	87
Figure 53. Breakdown of European Smart Meters Market by Country, 2020 and 2027, % of Revenue	87
Figure 54. Contribution to Europe 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%)	88
Figure 55.  Smart Meters Market in UK, 2017-2027, $ mn	89
Figure 56.  Smart Meters Market in France, 2017-2027, $ mn	91
Figure 57.  Smart Meters Market in Germany, 2017-2027, $ mn	93
Figure 58.  Smart Meters Market in Spain, 2017-2027, $ mn	95
Figure 59.  Smart Meters Market in Italy, 2017-2027, $ mn	97
Figure 60.  Smart Meters Market in Russia, 2017-2027, $ mn	99
Figure 61.  Smart Meters Market in Rest of Europe, 2017-2027, $ mn	101
Figure 62. Asia-Pacific Smart Meters Market, 2017-2027, $ mn	104
Figure 63. Breakdown of APAC Smart Meters Market by Country, 2020 and 2027, % of Revenue	104
Figure 64. Contribution to APAC 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%)	105
Figure 65.  Smart Meters Market in China, 2017-2027, $ mn	106
Figure 66.  Smart Meters Market in Japan, 2017-2027, $ mn	109
Figure 67.  Smart Meters Market in India, 2017-2027, $ mn	111
Figure 68.  Smart Meters Market in Australia, 2017-2027, $ mn	113
Figure 69.  Smart Meters Market in South Korea, 2017-2027, $ mn	115
Figure 70.  Smart Meters Market in Rest of APAC, 2017-2027, $ mn	117
Figure 71. South America Smart Meters Market, 2017-2027, $ mn	120
Figure 72. Breakdown of South America Smart Meters Market by Country, 2020 and 2027, % of Revenue	120
Figure 73. Contribution to South America 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%)	121
Figure 74.  Smart Meters Market in Argentina, 2017-2027, $ mn	122
Figure 75.  Smart Meters Market in Brazil, 2017-2027, $ mn	124
Figure 76.  Smart Meters Market in Chile, 2017-2027, $ mn	126
Figure 77.  Smart Meters Market in Rest of South America, 2017-2027, $ mn	128
Figure 78. Smart Meters Market in Middle East and Africa (MEA), 2017-2027, $ mn	130
Figure 79. Breakdown of MEA Smart Meters Market by Country, 2020 and 2027, % of Revenue	130
Figure 80. Contribution to MEA 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%)	131
Figure 81.  Smart Meters Market in UAE, 2017-2027, $ mn	132
Figure 82.  Smart Meters Market in Saudi Arabia, 2017-2027, $ mn	134
Figure 83.  Smart Meters Market in South Africa, 2017-2027, $ mn	136
Figure 84. Growth Stage of Global Smart Meters Industry over the Forecast Period	139
Key Players (this may not be a complete list and extra companies can be added upon request): 
Badger Meter, Inc.
EDMI
Elster Group GmbH
Holley Metering Limited
Honeywell International Inc.
Iskraemeco
Itron Inc.
Landis+Gyr Group AG
Neptune Technology Group Inc.
Schneider Electric SA
Sensus USA Inc.
Siemens AG 
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)