Opportunities in the Global Smart Electricity Meter Market: A $16 Billion Industry
DUBLIN, Aug. 14, 2020 /PRNewswire/ -- The "Smart Electricity Meter - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
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The Global Smart Electricity Meter market accounted for $10.22 billion in 2019 and is expected to reach $16.53 billion by 2027 growing at a CAGR of 6.2% during the forecast period. Some of the key factors propelling market growth include increased need for efficient data monitoring systems coupled with favorable government policies for smart meter rollout, improved cost savings, and increasing emphasis on renewable energy sources globally. However, high initial investment and delays in smart meter rollout projects are likely to hamper the market.
By end user, the residential segment is anticipated to grow at significant rate during the forecast period, due to the widespread use of sophisticated electrical, electronic, and data equipment and growing importance of power management solutions. The installation of smart electric meters in residential places would help in reducing the dependence on fossil fuels, as the smart electric meters can assist the consumers to monitor, regularize, and reduce their consumptions from the grid, and generators, and further integrate their consumptions from renewable energy sources such as solar installations.
On the basis of geography, Asia Pacific is expected to be the significant smart electric meter market during the forecast period. It is the most-populated region in the world and consequently witnesses a high demand for electricity. The rise in investments in smart grid technologies and smart cities, the increase in the number of data centers, and a surge in IT hubs and commercial institutions drive the smart electric meter market in the region. China is the largest country in APAC, owing to the large-scale rollout plans; the country accounted for the highest installed generation and distribution capacity in the Asia Pacific region, resulting in an increased demand for smart electric meters.
What the report offers:
-- Market share assessments for the regional and country-level segments
-- Strategic recommendations for the new entrants
-- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
-- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges,
Investment Opportunities, and recommendations)
-- Strategic analysis: Drivers and Constraints, Product/Technology
Analysis, Porter's five forces analysis, SWOT analysis, etc.
-- Strategic recommendations in key business segments based on the market
estimations
-- Competitive landscaping mapping the key common trends
-- Company Profiling with detailed strategies, financials, and recent
developments
-- Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Electricity Meter Market, By Communication Technology
5.1 Introduction
5.2 Auto Meter Reading
5.3 Advanced Metering Infrastructure
6 Global Smart Electricity Meter Market, By Phase
6.1 Introduction
6.2 GISM (Single Phase)
6.3 GIST (Three Phase)
6.4 GISS (Heavy Consumers)
7 Global Smart Electricity Meter Market, By Type
7.1 Introduction
7.2 Gas
7.3 Electric
7.4 Water
8 Global Smart Electricity Meter Market, By End User
8.1 Introduction
8.2 Commercial
8.2.1 Healthcare
8.2.2 Education
8.2.3 Logistics & Transportation
8.2.4 Retail
8.2.5 Hospitality
8.2.6 Offices
8.3 Utility
8.4 Government
8.5 Residential
8.5.1 Multi Family
8.5.2 Single Family
8.6 Industrial
9 Global Smart Electricity Meter Market, By Component
9.1 Introduction
9.2 Software
9.3 Hardware
10 Global Smart Electricity Meter Market, By Distribution Channel
10.1 Introduction
10.2 Offline
10.3 Online
11 Global Smart Electricity Meter Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Siemens AG
13.2 Silver Spring Networks Inc.
13.3 ABB
13.4 Schneider Electric
13.5 Jiangsu Linyang
13.6 Honeywell
13.7 Aclara
13.8 Microchip Technology
13.9 Benchmarking
13.10 Landis+Gyr (Toshiba Corporation)
13.11 Networked Energy Services
13.12 Holley Metering
13.13 Genus Power Infrastructure
13.14 General Electric
13.15 Wasion Group
13.16 Elster Group GmbH
13.17 Itron Inc.
13.18 Sensus USA Inc
13.19 Echelon Corp.
13.20 Hexing Electric Company Ltd
For more information about this report visit https://www.researchandmarkets.com/r/d9rnkb
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