Smart Electric Meter Market Growth Probability, Leading Vendors and Future Scenario During Forecast Period 2020-2027

The research and analysis conducted in Smart Electric Meter Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Smart Electric Meter industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Smart Electric Meter Market report is provided that covers many work areas.

Market expectations for likely development openings have been mentioned clearly in this world class Smart Electric Meter Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Smart Electric Meter Market report.

Global smart electric meter market is expected to rise to an estimated value of USD 13.10 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increased focus on adoption of renewable energy as well as rapid increase in electric networks established in various regions.

Market Definition: Global Smart Electric Meter Market

Smart electric meter are electronic devices that are used for monitoring and logging the consumption of electricity, providing these records to the energy supplier on a daily basis for better management of electricity billing and consumption. These meters also provide better visualization of the readings to the energy consumer for their understanding and billing process.

Market Drivers:

  • Rapid demand for smart metering solutions amid growing prevalence of government policies for the development of smart cities and infrastructure; this factor is expected to drive the growth of the market
  • Growing levels of investments undertaken for the development of smart cities and smart grids in various regions globally; this factor is expected to drive the growth of the market
  • Growing focus on reducing the costs of energy consumption is also expected to boost the growth of the market
  • Better focus on accurate and transparent billing systems improving the revenues generated by the energy providers; this factor is expected to drive the growth of the market

Market Restraints:

  • High levels of investments required for the integration and manufacturing of these meters is expected to restrict the growth of the market
  • Smart cities and smart grids are at a very niche stage, which is restricting the overall adoption of these meters
  • Concerns regarding the negative health impact of these meters due to their wireless signals; this factor is expected to restrict the growth of the market

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Segmentation: Global Smart Electric Meter Market

By Phase

  • Single Phase
  • Three Phase

By Communication Technology Type

  • Power Line Communication
  • Radio Frequency
  • Cellular

By End-User

  • Residential
  • Commercial
  • Industrial
  • Government

By Geography

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

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Key Developments in the Market:

  • In January 2018, Itron Inc. announced that they had completed the acquisition of Silver Spring Networks, Inc. This acquisition will help Itron Inc. increase the levels at which it can deliver specialised solutions and offerings for smart cities along with Industrial IoT applications. This will improve the growth opportunities of Itron helping them provide specialised modern IoT solutions
  • In January 2017, Itron Inc. announced that they had entered into a partnership with wasion group for the development of meters integrated with Itron’s “OpenWay Riva System”. This will help Itron have a greater penetration of their “OpenWay Riva System” metering solutions in the market, providing customers with greater range

Competitive Analysis

Global smart electric meter market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart electric meter market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global smart electric meter market are Landis+Gyr; Itron Inc.; Elster GmbH; Aclara Technologies LLC; Iskraemeco d.d.; Microchip Technology Inc.; wasion group; Schneider Electric; Siemens; LINYANG Energy; Genus; Networked Energy Services; Holley Technology UK Ltd.; OSAKI ELECTRIC CO., LTD.; Sensus; ABB; Trilliant Holdings Inc.; Kamstrup and E.ON UK plc. among others.

The Smart Electric Meter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Smart Electric Meter market.

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Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Smart Electric Meter market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Smart Electric Meter market. These factors have benefited the growth of the global market for Smart Electric Meter. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

Reasons to Purchase this Report:

  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value USD Million and volume Units Million data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)

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Table of Content:





  • Market outline


  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis


  • Market definition
  • Market sizing 2021
  • Market size and forecast


  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition


  • Global Smart Electric Meter market by product
  • Comparison by product
  • Market opportunity by product


  • Global Smart Electric Meter market by distribution channel
  • Comparison by distribution channel
  • Global Smart Electric Meter market by offline distribution channel
  • Global Smart Electric Meter market by online distribution channel
  • Market opportunity by distribution channel



  • Global Smart Electric Meter market by end-user
  • Comparison by end-user


  • Global licensed Smart Electric Meter market by geography
  • Regional comparison
  • Licensed Smart Electric Meter market in Americas
  • Licensed Smart Electric Meter market in EMEA
  • Licensed Smart Electric Meter market in APAC
  • Market opportunity



  • Market drivers
  • Market challenges



  • Overview
  • Landscape disruption
  • Competitive scenario


  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

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