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[ 英語タイトル ] Smart Meters Market by Type (Electric, Water, and Gas), Application (Commercial, Residential, and Industrial), Technology (Automatic Meter Reading and Advanced Metering Infrastructure), and by Region - Global Forecasts to 2022


Product Code : MNMEP00108212
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Energy and Power
Study Area : Global
Report format : PDF
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[Report Description]

“The smart meters market is projected to grow at a CAGR of 9.34% from 2017 to 2022”
The smart meters market is projected to reach USD 19.98 billion by 2022, at a CAGR of 9.34% from 2017 to 2022. Smart meters are used in the industrial, commercial, and residential sector, measuring energy consumption of the consumers. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the market globally. Residential customers are the fastest end-users of smart meters, followed by commercial and industrial customers. High installation costs for end-users would be a restraint for the smart meters market.
“The residential application segment is expected to grow at the highest CAGR from 2017 to 2022”
With regards to the application segment, the residential segment is expected to constitute the fastest growing market from 2017 to 2022. The meters measure the electricity, water, and gas consumption and communicate this to the central utility system. The installations of these devices in the residential sector helps in reducing CO2 emissions globally as the consumer’s inclination towards peak time savings of energy would increase. The increasing residential construction activities and government mandates like the European Union 20-20-20 policy, which aims to convert 80% of the installed meter base to smart one, have ensured the growth in the demand for smart meters.
“The Advanced Metering Infrastructure (AMI) technology segment is expected to grow at the fastest CAGR from 2017 to 2022”
With regards to the technology segment, Advanced Metering Infrastructure (AMI) are expected to constitute the fastest growing market from 2017 to 2022 because of its advanced technology. Moreover, AMI reduces labor cost and several power, water, and gas utilities worldwide are replacing AMR with AMI infrastructure, further creating growth opportunities for the AMI market.
“Asia-Pacific: The fastest growing market for smart meters”
Asia-Pacific is estimated to be the fastest growing market for smart meters from 2017 to 2022. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the global smart meters market. China is expected to grow at the fastest pace during the forecast period. Furthermore, the growing power sector in India is expected to spur the growth of the market, and represents a promising opportunity for major smart meters providers. Japan is also expected to witness a significant growth during the same period. On the other hand, Europe and the Middle East are trying to boost their energy efficiency programs, T&D spending, and construction & infrastructural activities.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 62%, Tier2- 23%, Tier 3- 15%
By Designation: C-Level- 35%, Manager-Level- 25%, Others- 40%
By Region: Americas- 52%, Asia-Pacific- 24%, Europe- 16%, RoW- 8%
Note: RoW = Rest of the World
The tier of the companies has been defined on the basis of their total revenue, as of 2016: Tier 1 = > USD 10 billion, Tier 2 = From USD 1 billion to USD 10 billion, and Tier 3 = < USD 1 billion
Source: Industry Experts and MarketsandMarkets Analysis

The leading players in the smart meters market include Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.) and Toshiba Corporation (Japan).
Research Coverage:
From an insight perspective, this research report has focused on various levels of analysis, namely industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the smart meters market, high-growth regions, and market drivers, restraints, & opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on products and integrated solutions & services offered by the top players in the global smart meters market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the smart meters market.

• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for smart meters across regions

• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global smart meters market

• Competitive Assessment: In depth vendor dive analysis of all the key players, strategies, products, and manufacturing capabilities of the leading players in the global smart meters market

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 31
4.1 SMART METERS MARKET, BY TYPE 31
4.2 SMART METERS MARKET, BY APPLICATION 32
4.3 SMART METERS MARKET, BY TECHNOLOGY 32
4.4 ASIA PACIFIC: THE LARGEST MARKET DURING THE FORECAST PERIOD, BY REGION 33
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 36
5.2.1.1 Government policies 36
5.2.1.2 Energy conservation 37
5.2.1.3 Increasing smart grid deployment 37
5.2.1.4 Investments in efficient distribution networks 37
5.2.2 RESTRAINTS 37
5.2.2.1 High installation costs for end-users 37
5.2.3 OPPORTUNITIES 37
5.2.3.1 Integration of distributed generation 37
5.2.4 CHALLENGES 38
5.2.4.1 Lack of awareness among consumers 38
5.2.4.2 Lack of compatibility with other devices 38
5.2.4.3 Design and maintenance of smart meters 38
5.2.4.4 Improper installation of smart meters 38
6 SMART METERS MARKET, BY TYPE 39
6.1 INTRODUCTION 40
6.2 SMART ELECTRIC METERS 40
6.3 SMART WATER METERS 41
6.4 SMART GAS METERS 42
7 SMART METERS MARKET, BY APPLICATION 44
7.1 INTRODUCTION 45
7.2 RESIDENTIAL SMART METERS MARKET 46
7.3 COMMERCIAL SMART METERS MARKET 46
7.4 INDUSTRIAL SMART METERS MARKET 47
8 SMART METERS MARKET, BY TECHNOLOGY 48
8.1 INTRODUCTION 49
8.2 AUTOMATIC METER READING (AMR) 49
8.3 ADVANCED METERING INFRASTRUCTURE (AMI) 50
9 GLOBAL SMART METERS MARKET, BY REGION 52
9.1 INTRODUCTION 53
9.2 NORTH AMERICA 55
9.2.1 BY TYPE 55
9.2.2 BY APPLICATION 55
9.2.3 BY TECHNOLOGY 56
9.2.4 BY COUNTRY 56
9.2.4.1 The U.S. 57
9.2.4.2 Canada 57
9.2.4.3 Mexico 58
9.3 EUROPE 59
9.3.1 BY TYPE 60
9.3.2 BY APPLICATION 60
9.3.3 BY TECHNOLOGY 60

9.3.4 BY COUNTRY 61
9.3.4.1 Germany 61
9.3.4.2 France 62
9.3.4.3 The U.K. 62
9.3.4.4 Rest of Europe 63
9.4 ASIA-PACIFIC 64
9.4.1 BY TYPE 65
9.4.2 BY APPLICATION 65
9.4.3 BY TECHNOLOGY 65
9.4.4 BY COUNTRY 66
9.4.4.1 China 66
9.4.4.2 India 67
9.4.4.3 Japan 67
9.4.4.4 Australia 68
9.4.4.5 Malaysia 68
9.4.4.6 Rest of Asia-Pacific 69
9.5 THE MIDDLE EAST 69
9.5.1 BY TYPE 69
9.5.2 BY APPLICATION 70
9.5.3 BY TECHNOLOGY 70
9.5.4 BY COUNTRY 71
9.5.4.1 Saudi Arabia 71
9.5.4.2 Israel 71
9.5.4.3 UAE 72
9.5.4.4 Rest of the Middle East 73
9.6 SOUTH AMERICA 73
9.6.1 BY TYPE 73
9.6.2 BY APPLICATION 74
9.6.3 BY TECHNOLOGY 74
9.6.4 BY COUNTRY 75
9.6.4.1 Brazil 75
9.6.4.2 Argentina 76
9.6.4.3 Rest of South America 76
9.7 AFRICA 77
9.7.1 BY TYPE 77
9.7.2 BY APPLICATION 77
9.7.3 BY TECHNOLOGY 78
9.7.4 BY COUNTRY 78
9.7.4.1 South Africa 78
9.7.4.2 Rest of Africa 79

10 COMPETITIVE LANDSCAPE 80
10.1 OVERVIEW 80
10.2 SMART METERS MARKET: COMPETITOR RANKING, 2016 81
10.3 COMPETITIVE SITUATION & TRENDS 81
10.4 VENDOR DIVE OVERVIEW 83
10.4.1 MARKET LEADERS 83
10.4.2 INNOVATORS 83
10.4.3 DYNAMIC 84
10.4.4 EMERGING 84
10.5 ANALYSIS OF THE PRODUCT PORTFOLIO OF MAJOR PLAYERS IN THE SMART METERS MARKET (25 COMPANIES) 84
10.6 BUSINESS STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE SMART METERS MARKET (25 COMPANIES) 85
*Top 25 companies analyzed for this study are- Aclara Technologies LLC., Microchip Technology Inc., EDMI LTD., Holley Metering Ltd., Honeywell International Inc., Itron Inc., Schneider Electric, Siemens AG, Toshiba Corporation (Landis+Gyr), Wasion Group, Sensus, Badger Meter Inc., Kamstrup A/S, ICSA (INDIA) LIMITED, Iskraemeco, Jiangsu Linyang Electronics Co., Ltd., Circutor, Networked Energy Service Corp., Neptune Technology Group, Genus Power Infrastructures ltd, Master Meters, Diehl Metering gmbh, Sentec Ltd., B. Meters, Chongqing Smart Water Meter Group Co., Ltd.
11 COMPANY PROFILES 86
(Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View)*
11.1 SCHNEIDER ELECTRIC 86
11.2 SIEMENS AG 89
11.3 HONEYWELL INTERNATIONAL, INC. 92
11.4 ITRON, INC. 96
11.5 SENSUS (XYLEM) 99
11.6 EDMI LIMITED 102
11.7 BADGER METER, INC. 105
11.8 HOLLEY METERING, LIMITED 108
11.9 ICSA (INDIA), LIMITED 110
11.10 ACLARA TECHNOLOGIES, LLC. 112
11.11 KAMSTRUP A/S 115
11.12 WASION GROUP 117
11.13 JIANGSU LINYANG ENERGY CO. 120
11.14 ATMEL (MICROCHIP TECHNOLOGY) CORPORATION 122
11.15 LANDIS+GYR (TOSHIBA CORPORATION) 125
*Details on Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.

12 APPENDIX 129
12.1 INSIGHTS OF INDUSTRY EXPERTS 129
12.2 DISCUSSION GUIDE 130
12.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 133
12.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 135
12.5 AVAILABLE CUSTOMIZATIONS 136
12.6 RELATED REPORTS 136
12.7 AUTHOR DETAILS 137

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