Smart Meters Market Size, Growth, Demands Outlook and Forecasts to 2030

According to the research report, the global smart meters market size is expected to touch USD 65.6 Billion by 2030, from USD 30.80 Billion in 2022, growing with a significant CAGR of 11.5% from 2022 to 2030. 

The smart meters report offers a comprehensive study of the current state expected at the major drivers, market strategies, and key vendors’ growth. The report presents energetic visions to conclude and study the market size, market hopes, and competitive surroundings. The research also focuses on the important achievements of the market, research & development, and regional growth of the leading competitors operating in the market. The current trends of the global smart meters in conjunction with the geographical landscape of this vertical have also been included in this report.

The report offers intricate dynamics about different aspects of the global smart meters market, which aids companies operating in the market in making strategic development decisions. The study also elaborates on significant changes that are highly anticipated to configure growth of the global smart meters during the forecast period. It also includes a key indicator assessment that highlights growth prospects of this market and estimates statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

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 Report Scope of the Smart Meters Market

Report Coverage	Details
Market Size by 2030	USD 65.6 Billion
Growth Rate from 2022 to 2030	CAGR of 11.5.5%
Largest Market	Asia Pacific
Fastest Growing Market	Europe
Base Year	2021
Forecast Period	2022 to 2030
Segments Covered	Product, End Use, Component, Technology, Communication and Geography

This study covers a detailed segmentation of the global smart meters market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global smart meters market, wherein various developments, expansions, and winning strategies practiced and implemented by leading players have been presented in detail.

Key Players

• Neptune Technology Group Inc.
• Honeywell International Inc.
• Siemens AG
• Kaifa Technology
• Suntront Technology
• Wasion Group
• Aichi Tokei Denkei
• Badger Meter
• Sensus

Market Segmentation

 By Product

• Electricity Meter
• Gas Meter
• Water Meter

By End Use

• Residential 
• Commercial
• Industrial

By Component

• Hardware
• Software

By Technology

• AMI
• AMR

By Communication

•  RF
• PLC
• Cellular

By Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Malaysia
• Philippines
• Latin America
• Brazil
• Rest of Latin America
• Middle East & Africa (MEA)
• GCC
• North Africa
• South Africa
• Rest of the Middle East & Africa

Research Methodology

The research methodology adopted by analysts for compiling the global smart meters report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global smart meters market.

TABLE OF CONTENT

   Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Smart Meters Market 

5.1. COVID-19 Landscape: Smart Meters Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Smart Meters Market, By Product

8.1. Smart Meters Market, by Product, 2022-2030

8.1.1. Electricity Meter

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Gas Meter

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Water Meter

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Smart Meters Market, By End Use

9.1. Smart Meters Market, by End Use, 2022-2030

9.1.1. Residential

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2 Commercial

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Industrial

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Smart Meters Market, By Component 

10.1. Smart Meters Market, by Component, 2022-2030

10.1.1. Hardware

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Software

10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Smart Meters Market, By Technology

11.1. Smart Meters Market, by Technology, 2022-2030

11.1.1. AMI

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. AMR

11.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Smart Meters Market, By Communication

12.1. Smart Meters Market, by Communication, 2022-2030

12.1.1. RF

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. PLC

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. Cellular

12.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Smart Meters Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Product (2017-2030)

13.1.2. Market Revenue and Forecast, by End Use (2017-2030)

13.1.3. Market Revenue and Forecast, by Component (2017-2030)

13.1.4. Market Revenue and Forecast, by Technology (2017-2030)

13.1.5. Market Revenue and Forecast, by Communication (2017-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.1.6.2. Market Revenue and Forecast, by End Use (2017-2030)

13.1.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.1.6.4. Market Revenue and Forecast, by Technology (2017-2030)

13.1.7. Market Revenue and Forecast, by Communication (2017-2030) 

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Product (2017-2030)

13.1.8.2. Market Revenue and Forecast, by End Use (2017-2030)

13.1.8.3. Market Revenue and Forecast, by Component (2017-2030)

13.1.8.4. Market Revenue and Forecast, by Technology (2017-2030)

13.1.8.5. Market Revenue and Forecast, by Communication (2017-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.2. Market Revenue and Forecast, by End Use (2017-2030)

13.2.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.4. Market Revenue and Forecast, by Technology (2017-2030) 

13.2.5. Market Revenue and Forecast, by Communication (2017-2030) 

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.6.2. Market Revenue and Forecast, by End Use (2017-2030)

13.2.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.7. Market Revenue and Forecast, by Technology (2017-2030) 

13.2.8. Market Revenue and Forecast, by Communication (2017-2030) 

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.9.2. Market Revenue and Forecast, by End Use (2017-2030)

13.2.9.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.10. Market Revenue and Forecast, by Technology (2017-2030)

13.2.11. Market Revenue and Forecast, by Communication (2017-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.12.2. Market Revenue and Forecast, by End Use (2017-2030)

13.2.12.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.12.4. Market Revenue and Forecast, by Technology (2017-2030)

13.2.13. Market Revenue and Forecast, by Communication (2017-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Product (2017-2030)

13.2.14.2. Market Revenue and Forecast, by End Use (2017-2030)

13.2.14.3. Market Revenue and Forecast, by Component (2017-2030)

13.2.14.4. Market Revenue and Forecast, by Technology (2017-2030)

13.2.15. Market Revenue and Forecast, by Communication (2017-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.2. Market Revenue and Forecast, by End Use (2017-2030)

13.3.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.4. Market Revenue and Forecast, by Technology (2017-2030)

13.3.5. Market Revenue and Forecast, by Communication (2017-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.6.2. Market Revenue and Forecast, by End Use (2017-2030)

13.3.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.6.4. Market Revenue and Forecast, by Technology (2017-2030)

13.3.7. Market Revenue and Forecast, by Communication (2017-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.8.2. Market Revenue and Forecast, by End Use (2017-2030)

13.3.8.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.8.4. Market Revenue and Forecast, by Technology (2017-2030)

13.3.9. Market Revenue and Forecast, by Communication (2017-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.10.2. Market Revenue and Forecast, by End Use (2017-2030)

13.3.10.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.10.4. Market Revenue and Forecast, by Technology (2017-2030)

13.3.10.5. Market Revenue and Forecast, by Communication (2017-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Product (2017-2030)

13.3.11.2. Market Revenue and Forecast, by End Use (2017-2030)

13.3.11.3. Market Revenue and Forecast, by Component (2017-2030)

13.3.11.4. Market Revenue and Forecast, by Technology (2017-2030)

13.3.11.5. Market Revenue and Forecast, by Communication (2017-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.2. Market Revenue and Forecast, by End Use (2017-2030)

13.4.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.4. Market Revenue and Forecast, by Technology (2017-2030)

13.4.5. Market Revenue and Forecast, by Communication (2017-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.6.2. Market Revenue and Forecast, by End Use (2017-2030)

13.4.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.6.4. Market Revenue and Forecast, by Technology (2017-2030)

13.4.7. Market Revenue and Forecast, by Communication (2017-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.8.2. Market Revenue and Forecast, by End Use (2017-2030)

13.4.8.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.8.4. Market Revenue and Forecast, by Technology (2017-2030)

13.4.9. Market Revenue and Forecast, by Communication (2017-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.10.2. Market Revenue and Forecast, by End Use (2017-2030)

13.4.10.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.10.4. Market Revenue and Forecast, by Technology (2017-2030)

13.4.10.5. Market Revenue and Forecast, by Communication (2017-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Product (2017-2030)

13.4.11.2. Market Revenue and Forecast, by End Use (2017-2030)

13.4.11.3. Market Revenue and Forecast, by Component (2017-2030)

13.4.11.4. Market Revenue and Forecast, by Technology (2017-2030)

13.4.11.5. Market Revenue and Forecast, by Communication (2017-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Product (2017-2030)

13.5.2. Market Revenue and Forecast, by End Use (2017-2030)

13.5.3. Market Revenue and Forecast, by Component (2017-2030)

13.5.4. Market Revenue and Forecast, by Technology (2017-2030)

13.5.5. Market Revenue and Forecast, by Communication (2017-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Product (2017-2030)

13.5.6.2. Market Revenue and Forecast, by End Use (2017-2030)

13.5.6.3. Market Revenue and Forecast, by Component (2017-2030)

13.5.6.4. Market Revenue and Forecast, by Technology (2017-2030)

13.5.7. Market Revenue and Forecast, by Communication (2017-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Product (2017-2030)

13.5.8.2. Market Revenue and Forecast, by End Use (2017-2030)

13.5.8.3. Market Revenue and Forecast, by Component (2017-2030)

13.5.8.4. Market Revenue and Forecast, by Technology (2017-2030)

13.5.8.5. Market Revenue and Forecast, by Communication (2017-2030)

Chapter 14. Company Profiles

14.1. Neptune Technology Group Inc.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Honeywell International Inc.

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Siemens AG

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Kaifa Technology

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Suntront Technology

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Wasion Group

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Aichi Tokei Denkei

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Badger Meter

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Sensus

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms 

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