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Global Smart Electric Meters Market Outlook to 2028

Global Smart Electric Meters Market Outlook to 2028

Market Research Reports | Q1 2024 | Report ID: BR0207

About the Report

Drivers:

  • Increasing demand for secure meter systems due to tamper & fraud issues.
  • Growing support from governments in the form of tariffs and subsidies, policies, regulations, Mandates, and targets.
  • Adoption and investment by countries for smart grid technology.
  • Demand for insights and transparency into consumers’ power consumption to help reduce energy bills.
  • Reduced operational expenses for utilities.
  • Increasing adoption of smart meters due to their Benefits.
  • Utilities growing need to provide a top-class customer experience.

 

Definition and Benefits:

Smart metering comprises an electronic power meter with full remote control, diagnostics, power peak, and consumption analysis, anti-tampering mechanisms, fault alarm, time-variable tariffs, and a variety of other features. All of the above functionalities are possible and compatible with future smart-grid protocols when using power-line communication (PLC) or other wired and wireless technologies to connect the meter to the service provider.

 

Benefits:

  • Allows to manage consumer’s electricity consumption better during peak hours and save money.
  • Reduces the amount of electricity utilities need to produce at maximum cost during peak hours.
  • Limits the new capital investments for the utility to handle higher peak-hour demand.
  • Smart electric meters provide near-real-time data on electricity consumption.
  • Smart meters will eliminate predicted billing, allowing consumers to better budget by only being charged for the resource actually used.
  • Smart meters will enable switching suppliers easier and faster in the future, making it easy to find the best pricing.
  • Eliminates supplying meter readings by sending automated readings directly to the energy supplier, saving business time for other tasks.
  • Smart meters can be set up to run in either a prepayment or credit mode.

 

Restraints:

  • Global economy slowdown due to Covid-19 and natural calamities.
  • Growing concerns of privacy for customers
  • Lack of government support in some countries.
  • Declining revenues of utilities impacting utility operating models and capital expenditure.

 

Recent Trends & Developments:

  • In the United Kingdom, as part of a nationwide upgrade to the energy system, Smart meters are being installed by every energy supplier and some, such as ‘bulb’ for free.
  • In August 2020, Badger Meter has announced the availability of a new metering-as-a-service program that includes end-to-end advanced metering deployments.
  • In 2021, Several US utilities have obtained regulatory approval to proceed with smart metering and grid edge intelligence deployments across all or part of their service territories.
  • In December 2020, Landis+Gyr announced partnering with Google Cloud to combine their leading capabilities in data analytics, artificial intelligence, and machine learning with Landis+Gyr’s leading expertise in smart metering and grid edge intelligence.
  • The smart meter rollout in France is in full swing, with more than 31 million Linky smart electricity meters already installed and a further 11 million to be deployed until 2026 to Enedis, overseas territories, and medium utilities.
  • In 2020, Switzerland’s leading energy utility, CKW partnered with Kamstrup A/S to enable digitalization, being the largest smart electricity metering project in Switzerland so far.

 

Opportunities:

  • Analytic services and associated software.
  • Markets for growth potential where governments mandate smart meters- USA, Uk, Europe, and the Asia Pacific.
  • Smart meters 2nd wave deployment - UK, Italy, Sweden, New Zealand.
  • subscription-based Smart metering as a service (SMaaS) - Germany, South Africa, Austria, New Zealand, Norway, and small utilities.

 

Supportive schemes and policies for smart meter installations:

 

 

 

Blackridge Research's smart electric meters market report provides insights into the current global and regional Global market demand scenario and its outlook.

 

This study offers a detailed analysis of various factors instrumental in affecting the smart electric meters market's growth. The study also comprehensively analyses the market based on the communication type of smart electric meter (Cellular network, radio frequency, and power line communication), on application (Industrial, Commercial, and Residential), and geography (North America, Europe, Asia-Pacific, and the Rest of the world).

 

This report also includes the latest market trends, drivers and restraints, present and future opportunities, new projects, the global impact of Covid-19 on the smart electric meters market, and significant developments.

                                                                           

Further, the report will also provide smart electric meters market size, demand forecast, and key competitors in the market.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Analysis of Covid-19 Impact
  • 3.5 Market Opportunities
  • 3.6 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Type
    • 5.1.1 Advanced Metering Infrastructure (AMI)
    • 5.1.2 Automatic Meter Reading (AMR)
      • 5.1.2.1 Cellular network
      • 5.1.2.2 Radio frequency (RF)
      • 5.1.2.3 Power line carrier (PLC)
    • 5.2 By End-User
      • 5.2.1 Residential
      • 5.2.2 Non-Residential

6. Regional Market Analysis

  • 6.1 North America
  • 6.2 Europe
  • 6.3 Asia-Pacific
  • 6.4 Rest of the World

7. Key Company Profiles

  • 7.1 Itron Inc
  • 7.2 Kamstrup A/S
  • 7.3 Siemens AG
  • 7.4 Schneider Electric
  • 7.5 Landis + Gyr Group AG
  • 7.6 General Electric Company
  • 7.7 Elster Group SE
  • 7.8 Sensus USA Inc.
  • 7.9 Echelon Corporation

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Market Share Analysis
  • 8.4 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

  This report helps to:-

  • Gain a deeper understanding of the impact of Covid-19 on the smart meters market.
  • Equip yourself with rigorous analysis and forward-looking insights into the smart meters market across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Axis market data and forecasts to understand how the demands across various segments evolve over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JV's, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Who need this report?

  • Smart Electric Meter Manufacturers
  • Utilities and Grid Operators
  • Electronic Components Suppliers
  • Advanced Metering Infrastructure (AMI) Communications Vendors
  • Meter Data Management (MDM) Vendors
  • Systems integrators
  • Government Bodies & Industry Associations
  • Research Community
  • Investor Community

  What's included

Report - Global Smart Electric Meters Market Outlook to 2028.pdf
Market Data - Global Smart Electric Meters Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Global Smart Electric Meters Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Global Smart Electric Meters Market> across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

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