SMART METER MARKET GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2023
Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Introduction Report Description
The Global Smart Meter Market was sized near USD X.X billion in 2016. Smart meter are digital electronic devices evolved from traditional analog meters, it is used to measure electricity consumption for residential, commercial and industrial purpose. They record the data through two way communications from utility and the consumer. These smart meters enables the consumers to reduce their meter reading costs thereby reducing electricity bills by improving energy savings. Smart meter provide better real time demand-supply equilibrium which improves electricity supply by managing need for more demand. This report estimates the market size of smart meter market in terms of value (USD million) over the period of 2015 to 2023.The year 2015 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for smart meter market in numerous application is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global smart meter market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of smart meter market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region. Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of smart meter market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global smart meter market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. Š Infinium Global Research
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
SEGMENTATION AND RESEARCH SCOPE SMART METER MARKET SEGMENTATION
SMART METER MARKET
Product Type
Application Type
Smart Electric Meter Smart Water Meter Smart Gas Meter
Commercial & Industrial Application Residential Application
Region
North America Europe Asia Pacific Latin America RoW
Global smart meter market can be segmented on the basis of its different types as smart electric meter, smart water meter and smart gas meter. Furthermore, on the basis of different uses global smart meter market can be segmented as commercial & industrial and residential. Research Methodology Methodology
Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the smart meter market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market.
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.
Research Methodology: An Outline
Primary source of the information and data include Industry Experts/consultants Top level executives in the key market players Subject matter experts Academicians and research scholars
PRIMARY RESEARCH
Secondary sources of the information and data include Company annual reports Government/institutional publications Trade and associations journals Databases Websites and publications by research agencies Others
SECONDARY RESEARCH
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH
Arriving at Global Market Size
Accumulation of the country level market size (value) Regional market size of smart meter and its product type, application type
Market Share of Key Players
Segment revenue of the key players Country level market size by product type, application type (value)
Identifying key players in the smart meter market
Accumulation of the regional/country market size (value) Global market size of product type, application type
Key Market Players
Arriving at Regional/Country Market Size
RESEARCH APPROACHES- TOP-DOWN Global Market
Market Segments
Determine the Regional Market Size Country Level Market Sizing
Global market size of smart meter market Value for 2016 to 2023
% breakdown by market segments by product type, application type Value for 2016 and 2023
Regional market size of the smart meter market (value) Regional market size of product type, application type
Country level market size of the smart meter market in every region (value) Country level market size of product type, application type in every region
TOP-DOWN APPROACH © Infinium Global Research
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The study on global smart meter market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global smart meter market. The estimates in the global smart meter market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of smart meter market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the devices and category. IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES
Infinium's Data Bank/ Know How
Top executives of end-use industries Intermediaries
C-level executives in the leading manufacturing products of ultrasound device. Product managers Sales managers Industry consultants Distributors/Suppliers
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Industry Publications Government Agencies' Publications Industry news Data sources
Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases
Secondary Research
DATA TRIANGULATION & INFORMATION SOURCES
Company Publication
Supply Side
Primary Research
General Publications
Demand Side
PRIMARY SOURCES
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The market size of smart meter is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the smart meter market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the smart meter market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the smart meter market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of smart meter. With the help of primary interviews and secondary research the market size of smart meter is determined for each country studied, which then is added to arrive at regional market size and there by obtaining global market size. This in turn helps us to validate the market size of smart meter in the world market. Executive Summary Global Smart Meter Market Highlights, (USD Million)
The global smart meter market is expected to grow at a CAGR of X.X % between 2017 and 2023 in terms of value. Principal driver in the global smart meter market are government regulations. Smart meter also helps to balance demand supply and increases distribution efficiency and helps towards conserving energy due to which global smart meter market is pacing up. Additionally, there are undergoing pilot projects in India that will set stage for deployment of smart meters in near future. Regions such as Asia-Pacific and Europe will experience tremendous growth due to these mandates. Among the applications residential application is likely to hold the largest share. As demand of smart appliances such as energy efficient lighting, home control network and etc are growing and the massive application range over the Commercial & Industrial Application are expected to push the growth of this market.
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The leading players in the global smart meter market include Elster Group SE, Landis+GYR, Itron Inc., Siemens AG, Schneider Electric SA, Sensus, Holley Metering Limited, Honeywell international Inc., Badger Meter Inc., Circutor SA. GLOBAL SMART METER MARKET, 2015 – 2023 (USD MILLION)
2015
2016
2017
2018
2019
2020
2021
2022
2023
Value
Smart meter market is expected to experience rapid growth globally. However, principal driver in the global smart meter market are government regulations. Smart meter also helps to balance demand supply and increases distribution efficiency and helps towards conserving energy due to which global smart meter market is pacing up. The global market size of smart meter in terms of value was USD x.x million in 2015. GLOBAL SMART METER MARKET, CAGR (USD MN) GROWTH BY REGIONS (2017 – 2023)
xxx.x xxx.x
2017 xxx.x
2023
xxx.x xxx.x
xxx.x
2017
2023
© Infinium Global Research
2017
2023
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2017 - 2023. Market Overview & Competitiveness DRO Analysis
DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global smart meter market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the smart meter market. DRIVERS OF SMART METER MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
DRIVERS
MID TERM IMPACT
LONG TERM IMPACT
Driver 1 Driver 2 Driver 3
HIGH
MEDIUM
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LOW
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
RESTRAINTS OF SMART METER MARKET, IMPACT ANALYSIS SHORT TERM IMPACT
RESTRAINTS
MID TERM IMPACT
LONG TERM IMPACT
Restraint 1
Restraint 2
HIGH
MEDIUM
LOW
IGR- Growth Matrix Analysis
Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the Product Type segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers Risky Zone: Low market size and low growth rate. Investment in this segment is risky Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new Product Type developments can be used as marketing strategies to consolidate the market in these segments. © Infinium Global Research
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Opportunity Zone: High growth low market size Safe Zone: Moderate growth and moderate market size. IGR- GROWTH MATRIX ANALYSIS Growth Rate
Opportunity Zone
Consolidation Zone
High
Low
Risky Zone
Retention Zone Market Size Low
High North America
Europe
Asia-Pacific
RoW
Global Smart Meter Market, By Product Type
GLOBAL SMART METER MARKET BY PRODUCT TYPE, 2016 - 2023 (REVENUE % SHARE) 2016
2023 Smart Electric Meter Smart Water Meter
Smart Gas Meter
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL SMART METER MARKET BY PRODUCT TYPE, 2015 - 2023 (USD MILLION)
2015
2016
Smart Electric Meter
2017 Smart Water Meter
2023 Smart Gas Meter
GLOBAL SMART ELECTRIC METER BY REGIONS, 2015 - 2023 (USD MILLION)
2015 North America
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2016 Europe
2017 Asia-Pacific
2023 Latin America
RoW
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL SMART WATER METER BY REGIONS, 2015 - 2023 (USD MILLION)
2015 North America
2016 Europe
2017 Asia-Pacific
2023 Latin America
RoW
GLOBAL SMART GAS METER BY REGIONS, 2015 - 2023 (USD MILLION)
2015 North America
2016 Europe
2017 Asia-Pacific
2023 Latin America
RoW
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
GLOBAL SMART METER MARKET BY REGION, 2016 - 2023 (REVENUE % SHARE)
2021
2015
North America
Europe Asia-Pacific Latin America RoW
GLOBAL SMART METER MARKET BY REGION, 2015 - 2023 (USD MILLION)
2015 North America
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2016 Europe
2017 Asia-Pacific
2023 Latin America
RoW
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Smart Meter Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023
Company Snapshot
Elster Group SE CONTACT DETAILS: Address: Steinern Strasse 19-21 Mainz-KastelWiesbaden, 55252 Germany Tele: 49 6134 605 0 Website: www.elster.com
KEY FEATURES: No. of Employees: more than xx No. of countries of operation: xx
SWOT ANALYSIS: STRENGHTS Sample text Sample text
OPPORTUNITIES Sample text Sample text
WEAKNESS Sample text Sample text
THREATS Sample text Sample text
PRODUCT PORTFOLIO: Product 1 Product 2 Product 3
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