Global Smart Meter Market Growth 2023-2029

Global Smart Meter Market Growth 2023-2029

Smart meters are one of the basic equipment for data collection in smart grids (especially smart distribution networks). They are responsible for the collection, measurement and transmission of raw electrical energy data, and are the basis for information integration, analysis and optimization, and information presentation. In addition to the basic power metering function of traditional electric energy meters, smart meters also have two-way multi-rate metering functions, user-side control functions, and two-way data communication with multiple data transmission modes in order to adapt to the use of smart grids and new energy. Intelligent functions such as functions and anti-theft functions.
LPI (LP Information)' newest research report, the “Smart Meter Industry Forecast” looks at past sales and reviews total world Smart Meter sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Meter sales for 2023 through 2029. With Smart Meter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Meter industry.
This Insight Report provides a comprehensive analysis of the global Smart Meter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Meter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Meter market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Meter and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Meter.
The global Smart Meter market size is projected to grow from US$ 7073.7 million in 2022 to US$ 9272.3 million in 2029; it is expected to grow at a CAGR of 9272.3 from 2023 to 2029.
The main smart meter manufacturers in the market include Landis+Gyr, Itron and General Electric.
The top ten global companies account for nearly 47% of the market.
The overall market concentration is not high. The high-end market is mostly monopolized by foreign companies, and the low-end market products Serious homogeneity and fierce price competition have affected the healthy development of the market.
Smart meter packages are divided into single-phase smart meters and three-phase smart meters, which can be used in residential, commercial and industrial applications.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Meter market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Single-phase Smart Meters
Three-phase Smart Meters
Segmentation by application
Residential
Commercial
Industrial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Landis+Gyr
Itron
General Electric
Siemens
Sensus
Honeywell Elster
Sanxing Medical Electric
Jiangsu Linyang
Kamstrup
Wasion Group
Sagemcom
Hexing Electrical
Nuri Telecom
Clou Electronics
Iskraemeco
Zhejiang Chint
Shenzhen HND
Sunrise Technology
Holley Technology
LONGi Meter
ZIV
Key Questions Addressed in this Report
What is the 10-year outlook for the global Smart Meter market?
What factors are driving Smart Meter market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Smart Meter market opportunities vary by end market size?
How does Smart Meter break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.