Smart Electricity Meter Market By End User- Global Industry Analysis and Forecast to 2022

Published On : November 2017 Pages : 90 Category: Equipment Machine & Tooling Report Code : ME11346

Industry Outlook and Trend Analysis

The Smart Electricity Meter Market was worth USD 8.89 billion in the year 2012 and is expected to reach approximately USD 23.53 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 10.22% during the forecast period. In 2016 the worldwide smart electricity meters market size was evaluated at USD 6.59 billion. The smart energy meters are utilized to extend the reduce demand of peak electricity, likewise end-users can conveniently monitor the consumption of power daily and decrease it in like manner. Energy providers are additionally expected to pick up benefits through these gadgets, adjusting to their advantages of decrease in response time to determine power cuts and equipment faults, and enhanced client benefit conveyance because of remote perusing accommodations. Different smart meters rollout plots in various districts, for example, United Kingdom, United States, and positive government activities supporting establishment of these gadgets are anticipated to play a key part in industry development. Since production of energy utilizing sustainable methodologies shifts with time, low generation of power results in temperamental vitality profitability. Nonetheless, utilizing metering gadgets that are equipped for dealing with irregular supply help in making up for this loss by controlling energy utilization of different electronic gear. The extensive development anticipations can be authorizing to the considerable advancement of efficient and green energy transmission facilities. Integrated existence crosswise over esteem chain, particularly for ongoing data sharing with respect to utilization and levy rates is seen to be an upper hand. Expanding consciousness among buyers about the advantages of these gadgets is anticipated to positively impact smart meters market development over the conjecture time frame.


End User Outlook and Trend Analysis

Residential applications incorporate standalone autonomous bungalows and suburban/urban apartments. The commercial application section incorporates aligned infrastructures and all commercial buildings, for example, offices, small to large shopping complexes, hotels, and residential lodges. The industrial section includes joining of these gadgets in processing plants and product fabricating facilities. Residential fragment ruled the worldwide income share representing over 75 percent because of expansive number of gadgets essentials to fulfill the energy demand. Electricity meters with high flexibility and high robustness are useful for business area. In 2016 Business applications created noteworthy demand of 16 million units. Development in this area is credited to administrative managerial system and surging awareness with respect to diminishing vitality utilization and the adjusted costs.

Regional Outlook and Trend Analysis

Europe and North America smart meter market are anticipated to witness ideal development by virtue of the administrative conditions and institutionalized strategies. Smart meters are additionally foreseen to encourage improved matrix administration, and are key concentration zones for smart grid projects. Asia Pacific smart meters market is anticipated to develop at a significant pace in the upcoming years. China is outfitting towards economic management of energy with significant reserves for smart grid execution in its thirteenth Five Year Plan. Asia Pacific is trailed by Europe, which represented more than 12 percent of the income share in 2016. Government orders have been built up for the European Union, with rollout plans set by the Commission for Energy Regulation among other administrative bodies. Europe has additionally been centering towards diminishing power utilization by vitality preservation as a long-term objective.

Competitive Insights

The leading players in the market are Elster Group, Schneider Electric, Iskraemeco, ABB Group, Siemens, Landis+Gyr, Holley Metering Ltd, Itron and General Electric. In 2016 the overall digital meter’s market share was dominated by Itron. The company provides effective solutions that analyze measure and manage water and energy.

The global Smart Electricity Meter Market is segmented as follows-

By End User:

  • Commercial
  • Residential
  • Industrial

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2012 and forecast from 2013 to 2022?
  • What will be the industry market growth from 2013 to 2022?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

 

Market Classification

  • Smart Electricity Meter Market , By End User, Estimates and Forecast, 2012-2022($Million)
  • Residential
  • Commercial
  • Industrial
  • Smart Electricity Meter Market , By Region, Estimates and Forecast, 2012-2022($Million)
    • North America
  • North America Smart Electricity Meter Market , By Country
  • North America Smart Electricity Meter Market , By End User
    • U.S. Smart Electricity Meter Market , By End User
    • Canada Smart Electricity Meter Market , By End User
    • Mexico Smart Electricity Meter Market , By End User
    • Europe
  • Europe Smart Electricity Meter Market , By Country
  • Europe Smart Electricity Meter Market , By End User
    • Germany Smart Electricity Meter Market , By End User
    • France Smart Electricity Meter Market , By End User
    • UK Smart Electricity Meter Market , By End User
    • Italy Smart Electricity Meter Market , By End User
    • Spain Smart Electricity Meter Market , By End User
    • Rest of Europe Smart Electricity Meter Market , By End User
    • Asia-Pacific
      • Asia-Pacific Smart Electricity Meter Market , By Country
      • Asia-Pacific Smart Electricity Meter Market , By End User
        • Japan Smart Electricity Meter Market , By End User
        • Australia Smart Electricity Meter Market , By End User
        • India Smart Electricity Meter Market , By End User
        • South Korea Smart Electricity Meter Market , By End User
        • Rest of Asia-Pacific Smart Electricity Meter Market , By End User
    • Rest of the World
      • Rest of the World Smart Electricity Meter Market , By Country
      • Rest of the World Smart Electricity Meter Market , By End User
        • Brazil Smart Electricity Meter Market , By End User
        • South Africa Smart Electricity Meter Market , By End User
        • Saudi Arabia Smart Electricity Meter Market , By End User
        • Turkey Smart Electricity Meter Market , By End User
        • United Arab Emirates Smart Electricity Meter Market , By End User
        • Others Smart Electricity Meter Market , By End User

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Increased Government Initiatives to Install Smart Electricity Meters

3.2.1.2.    Increasing Need for Energy Security Globally

3.2.1.3.    Rising Need for Energy Efficiency & Conservation

3.2.2.  Restraints

3.2.2.1.    Electricity Theft Concern

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Smart Electricity Meter Market, By End User

4.1.       Introduction

4.2.       Smart Electricity Meter Market   Assessment and Forecast, By End User, 2012-2022

4.3.       Residential

4.3.1.  Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.4.       Commercial

4.4.1.  Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.5.       Industrial

4.5.1.  Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.       Smart Electricity Meter Market, By Region

5.1.       Introduction

5.2.       Smart Electricity Meter Market   Assessment and Forecast, By Region, 2012-2022 ($Million)

5.3.       North America

5.3.1.  Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.3.2.  Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.3.3.  U.S.

5.3.3.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.3.4.  Canada

5.3.4.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.3.5.  Mexico

5.3.5.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.4.       Europe

5.4.1.  Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.4.2.  Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.4.3.  Germany

5.4.3.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.4.4.  France

5.4.4.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.4.5.  UK

5.4.5.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.4.6.  Italy

5.4.6.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.4.7.  Spain

5.4.7.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.4.8.  Rest of Europe

5.4.8.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.5.       Asia-Pacific

5.5.1.  Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.5.2.  Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.5.3.  Japan

5.5.3.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.5.4.  China

5.5.4.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.5.5.  Australia

5.5.5.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.5.6.  India

5.5.6.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.5.7.  South Korea

5.5.7.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.5.8.  Rest of Asia-Pacific

5.5.8.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.6.       Rest of the World

5.6.1.  Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.6.2.  Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.6.3.  Brazil

5.6.3.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.6.4.  Turkey

5.6.4.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.6.5.  Saudi Arabia

5.6.5.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.6.6.  South Africa

5.6.6.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.6.7.  United Arab Emirates

5.6.7.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

5.6.8.  Others

5.6.8.1.    Market Assessment and Forecast, By End User, 2012-2022 ($Million)

6.       Company Profiles

6.1.       ABB Ltd.

6.1.1.  Business Overview

6.1.2.  Product Portfolio

6.1.3.  Key Financials

6.1.4.  Strategic Developments

6.2.        General Electric (GE) Company

6.2.1.  Business Overview

6.2.2.  Product Portfolio

6.2.3.  Key Financials

6.2.4.  Strategic Developments

6.3.       Holley Metering Ltd.

6.3.1.  Business Overview

6.3.2.  Product Portfolio

6.3.3.  Key Financials

6.3.4.  Strategic Developments

6.4.       Elster Group

6.4.1.  Business Overview

6.4.2.  Product Portfolio

6.4.3.  Key Financials

6.4.4.  Strategic Developments

6.5.       Iskraemeco

6.5.1.  Business Overview

6.5.2.  Product Portfolio

6.5.3.  Strategic Developments

6.6.       Itron, Inc.

6.6.1.  Business Overview

6.6.2.  Product Portfolio

6.6.3.  Strategic Developments

6.7.       Landis+Gyr

6.7.1.  Business Overview

6.7.2.  Product Portfolio

6.7.3.  Strategic Developments

6.8.       Schneider Electric

6.8.1.  Business Overview

6.8.2.  Product Portfolio

6.8.3.  Strategic Developments

6.9.       Siemens AG

6.9.1.  Business Overview

6.9.2.  Product Portfolio

6.9.3.  Key Financials

6.9.4.  Strategic Developments


List of Tables

List of Tables
Table 1.Smart Electricity Meter Market, By End User ($Million), 2012-2022
Table 2.Residential Market, By Region ($Million), 2012-2022
Table 3.Commercial Market, By Type ($Million), 2012-2022
Table 4.Industrial Market, By Region ($Million), 2012-2022
Table 5.North America Smart Electricity Meter Market, By Country, 2012-2022 ($Million)
Table 6.North America Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 7.U.S.Smart Electricity Meter Market, by End User, 2012-2022 ($Million)
Table 8.Canada Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 9.Mexico Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 10.Europe Smart Electricity Meter Market, By Country, 2012-2022 ($Million)
Table 11.Europe Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 12.Germany Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 13.France Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 14.UK Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 15.Italy Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 16.Spain Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 17.Rest of Europe Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 18.Asia-Pacific Smart Electricity Meter Market, By Country, 2012-2022 ($Million)
Table 19.Asia-Pacific Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 20.Japan Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 21.China Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 22.Australia Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 23.India Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 24.South Korea Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 26.Rest of Asia-Pacific Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 27.Rest of the World Smart Electricity Meter Market, By Country, 2012-2022 ($Million)
Table 28.Rest of the World Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 29.Brazil Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 30.Turkey Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 31.Saudi Arabia Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 32.South Africa Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 33.United Arab Emirates Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 34.Others Smart Electricity Meter Market, By End User, 2012-2022 ($Million)
Table 35.ABB Ltd.: Key Strategic Developments, 2015-2017
Table 36.General Electric (GE) Company: Key Strategic Developments, 2015-2017
Table 37.Holley Metering Ltd.: Key Strategic Developments, 2015-2017
Table 38.Elster Group: Key Strategic Developments, 2015-2017
Table 39.Iskraemeco: Key Strategic Developments, 2015-2017
Table 40.Itron, Inc.: Key Strategic Developments, 2015-2017
Table 41.Landis+Gyr: Key Strategic Developments, 2015-2017
Table 42.Schneider Electric: Key Strategic Developments, 2015-2017
Table 43.Siemens AG: Key Strategic Developments, 2015-2017


List of Figures

List of Figures
Figure 1.Smart Electricity Meter Market Share, By End User, 2016 & 2025
Figure 2Smart Electricity Meter Market, By Region, 2016, ($Million)
Figure 3.ABB Ltd.: Net Revenues, 2014-2016 ($Million)
Figure 4.ABB Ltd.: Net Revenue Share, By Segment, 2016
Figure 5.ABB Ltd.: Net Revenue Share, By Geography, 2016
Figure 6.General Electric (GE) Company: Net Revenues, 2014-2016 ($Million)
Figure7.General Electric (GE) Company: Net Revenue Share, By Segment, 2016
Figure8.General Electric (GE) Company: Net Revenue Share, By Geography, 2016
Figure9.Holley Metering Ltd.: Net Revenues, 2014-2016 ($Million)
Figure10.Holley Metering Ltd.: Net Revenue Share, By Segment, 2016
Figure 11.Holley Metering Ltd.: Net Revenue Share, By Geography, 2016
Figure 12.Elster Group: Net Revenues, 2014-2016 ($Million)
Figure 13.Elster Group: Net Revenue Share, By Segment, 2016
Figure 14.Elster Group: Net Revenue Share, By Geography, 2016
Figure 15.Siemens AG: Net Revenues, 2014-2016 ($Million)
Figure 16.Siemens AG: Net Revenue Share, By Segment, 2016
Figure 17.Siemens AG: Net Revenue Share, By Geography, 2016

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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