Smart Electric Meter Market by End-user and Geography - Forecast and Analysis 2021-2025

Published: Jan 2021

Pages: 120

SKU: IRTNTR46706

Snapshot

The smart electric meter market size has the potential to grow by USD 7.60 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 11.79%.

This report provides a detailed analysis of the market by end-user (residential, commercial, and industrial), geography (APAC, North America, Europe, South America, and MEA), and key vendors.

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

The smart electric meter market is fragmented and the vendors are deploying growth strategies such as R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

The market players also significantly leverage external market drivers such as rising deployment of smart grid projects to achieve growth opportunities. However, factors such as high cost of the product will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the smart electric meter market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,

This smart electric meter market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

Smart Electric Meter Market: Key Drivers and Trends

The rising deployment of smart grid projects is one of the factors driving the smart electric meter market growth.
Developed countries of the world are enforcing ambitious smart grid plans at a rapid pace.
Smart grids include grid applications such as smart electric meters, SCADA systems, IT, and other communication networks, which enable utilities to control and manage the digital assets.
The smart grid systems aid in load forecasting, peak demand management, risk determination, and reduces power outages, enabling the utilities to evaluate and map the energy power consumption.
The shift toward smart grids results in utilities managing complex smart devices, consequently reducing the risk of grid failures and outages.

The market research report identifies rising patent filings as one of the key smart electric meter market trends, which is contributing to the market growth.
Vendors are making huge investments in their R&D activities, leading to product innovation and safety and attempting to make the upgrades and maintenance cost effective.
Vendors are impacted by changing technology, growing demand, and changes in consumer preferences to deliver the meters with high efficiency to survive commoditization in the market.
This has ensured that all the major key players are updated with the trends of the market and innovate accordingly.

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Smart Electric Meter Market: Segmentation by Geography

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34% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for smart electric meter in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The strict governmental norms and evolution of smart cities are the prime factors that will facilitate the smart electric meter market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Smart Electric Meter Market: Segmentation by End-user

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Factors such as the rise in global population, urbanization rates, employment levels, and improvements in the standard of living are contributing to the growth of the industry segment in the coming years, which is consequently resulting in the growing demand for electricity worldwide. Moreover, the increased initiatives by the respective legislative bodies to implement smart metering in residential spaces, the rise in proposals for the establishment of smart grids on a regional level, and mandates regarding the replacement of traditional analog installed meters also impact the demand in residential sectors. Therefore, the growth of the market segment is expected to be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart electric meter market size. Fetch actionable market insights on post COVID-19 impact on each segment.

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Smart Electric Meter Market: Key Highlights of the Report for 2021-2025

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive smart electric meter market growth during the next five years
Precise estimation of the smart electric meter market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the smart electric meter industry across APAC, North America, Europe, South America, and MEA
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of smart electric meter market vendors

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Table of Contents

Executive Summary

Market Landscape

Market ecosystem
Market characteristics
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

Market Segmentation by End-user

Market segments
Comparison by End user
Residential - Market size and forecast 2020-2025
Commercial - Market size and forecast 2020-2025
Industrial - Market size and forecast 2020-2025
Market opportunity by End user

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Competitive scenario
Vendor landscape
Landscape disruption
Industry risks

Vendor Analysis

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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