Global Smart Metering Systems Market Growth 2023-2029

Global Smart Metering Systems Market Growth 2023-2029

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

LPI (LP Information)' newest research report, the “Smart Metering Systems Industry Forecast” looks at past sales and reviews total world Smart Metering Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Smart Metering Systems sales for 2023 through 2029. With Smart Metering Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Metering Systems industry.

This Insight Report provides a comprehensive analysis of the global Smart Metering Systems 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 Metering Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Smart Metering Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Metering Systems 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 Metering Systems.

The global Smart Metering Systems market size is projected to grow from US$ 9899.9 million in 2022 to US$ 12890 million in 2029; it is expected to grow at a CAGR of 12890 from 2023 to 2029.

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%.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Metering Systems market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Smart Water Meter Systems
Smart Electric Meter Systems
Smart Gas Meter Systems

Segmentation by application
Residential
Commercial
Utility

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.
Itron
Siemens
Landis+Gyr
Schneider Electric SE
Circutor SA
Iskraemeco
Honeywell Elster
Osaki
Badger Meter
Neptune Technology Group
Sensus
Aclara Technologies LLC
ICSA (India)
Holley Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Metering Systems market?

What factors are driving Smart Metering Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Metering Systems market opportunities vary by end market size?

How does Smart Metering Systems 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.