Global Wireless M-Bus Module Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Wireless M-Bus Module Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Wireless M-Bus (EN 13757-4:2013) is a wireless communication standard that was developed for the reading of electricity, gas-, water-, heat-meters and heat allocators.

Market Overview:

The latest research study on the global Wireless M-Bus Module market finds that the global Wireless M-Bus Module market reached a value of USD 390.87 million in 2022. It’s expected that the market will achieve USD 636.0 million by 2028, exhibiting a CAGR of 8.45% during the forecast period.

Fierce competition

In the Wireless M-Bus Module meter industry, the main competitors are mainly private enterprises that entered the early stage of the industry development, and the scale is generally small. In many countries, the Wireless M-Bus Module industry is highly marketized and the industry competition is fierce.

Relatively backward technology in some regions

In some countries where the economy and technology are relatively backward, the technology for making wireless M-Bus module and the corresponding supply equipment cannot meet the market requirements.

Production technology improvement and product upgrade

With the improvement of the technology of various suppliers, the production technology of Wireless M-Bus Module is also constantly improving. The development of a wider range of applications, higher product performance and more affordable products will be one of the growth opportunities in this market in the future.

Development of the downstream application industry

The oil & gas, heat, water supply and industrial applications are continuing to expand in recent years. Due to the development of modern society, wireless M-Bus module will continue to be a growing market in the future. While wireless M-Bus module is in line with the current trend of eco-friendly development, the demand for wireless M-Bus module in these industries is expected to continue to grow, which has contributed to the growth of the wireless M-Bus module market.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (71.02% in 2022).

Company Overview:

Telit is one of the major players operating in the Wireless M-Bus Module market, holding a share of 29.68% in 2023.

Telit

Telit Communications PLC, together with its subsidiaries, provides a portfolio of integrated products and services to support and enable Internet of Things (IoT) deployments in the EMEA, the APAC, and the Americas. It operates in two segments, IoT Services and IoT Products. The company develops, markets, and sells cellular, global navigation satellite systems, short range wireless modules, mobile connectivity services, and application enablement platforms to onboard edge devices to the IoT.

Zenner

The name ZENNER stands for innovation, quality and precision in matters of measuring technique because at ZENNER, company have been developing, producing and marketing innovative measuring equipment for global markets for over 100 years. Domestic water meters for flats and houses, as well as bulk water meters are as much a part of our portfolio as heat meters, gas meters and up to date systems technology.

Segmentation Overview:

As for product types, the Independent Module segment held the largest market share in 2022.

Application Overview:

By application, the Water Supply segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Wireless M-Bus Module market covered in Chapter 3:

Siemens
Mipot
Zenner
Radiocrafts Radiocrafts
IMST GmbH
Friendcom
Weptech GmbH
Telit
Würth Elektronik

In Chapter 4 and Chapter 14.2, on the basis of types, the Wireless M-Bus Module market from 2018 to 2029 is primarily split into:

Integrated
Independent Module

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Wireless M-Bus Module market from 2018 to 2029 covers:

Oil & Gas
Heating
Water Supply
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)