Global Smart Meter system Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Smart Meter system Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Smart Meter system market size was valued at USD 10410 million in 2023 and is forecast to a readjusted size of USD 14720 million by 2030 with a CAGR of 5.1% during review period.

A smart meter is an Internet-capable device that measures energy consumption of a building, home, plants, etc.

Global core smart meters manufacturers include Sanxing, Landis+Gyr and Linyang Electronics etc. The top 3 companies hold a share about 15%. Asia-Pacific is the largest market, with a share about 57%, followed by Europe and North America with the share about 20% and 11%.

The Global Info Research report includes an overview of the development of the Smart Meter system industry chain, the market status of Residential application (Single-phase smart meter, Three-phase smart meter), Commercial application (Single-phase smart meter, Three-phase smart meter), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Smart Meter system.

Regionally, the report analyzes the Smart Meter system markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Smart Meter system market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Smart Meter system market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Smart Meter system industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Single-phase smart meter, Three-phase smart meter).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Smart Meter system market.

Regional Analysis: The report involves examining the Smart Meter system market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Smart Meter system market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Smart Meter system:

Company Analysis: Report covers individual Smart Meter system manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Smart Meter system This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Residential application, Commercial application).

Technology Analysis: Report covers specific technologies relevant to Smart Meter system. It assesses the current state, advancements, and potential future developments in Smart Meter system areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Smart Meter system market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Smart Meter system market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Single-phase smart meter
Three-phase smart meter

Market segment by Application
Residential application
Commercial application
Industrial application

Major players covered
Landis+Gyr
Itron
GE Digital Energy
Siemens
Kamstrup
Sensus
Elster Group
Silver Spring Networks
Aclara
Nuri Telecom
Sagemcom
Trilliant
Iskraemeco
Echelon
Tantalus Systems
ZIV
Sanxing
Linyang Electronics
Wasion Group
Haixing Electrical
Techrise Electronics
Chintim Instruments
XJ Measurement & Control Meter
Clou Electronics
HND Electronics
Longi
Hengye Electronics
Holey Metering
Wellsun Electric Meter
Sunrise

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Smart Meter system product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Smart Meter system, with price, sales, revenue and global market share of Smart Meter system from 2019 to 2024.

Chapter 3, the Smart Meter system competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Smart Meter system breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Smart Meter system market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Smart Meter system.

Chapter 14 and 15, to describe Smart Meter system sales channel, distributors, customers, research findings and conclusion.