The global market for Smart Electricity Meters is estimated at US$15.2 Billion in 2023 and is projected to reach US$25.3 Billion by 2030, growing at a CAGR of 7.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the smart electricity meters market is driven by several factors, including regulatory mandates, technological advancements, and increasing consumer awareness. Governments worldwide are implementing policies to promote the adoption of smart meters as part of broader initiatives to modernize electrical grids and improve energy efficiency. In the United States, various state-level programs and federal incentives encourage the widespread adoption of smart metering technology. Advancements particularly in the Internet of Things (IoT) and communication technologies, have made smart meters more reliable, secure, and cost-effective, prompting utilities to invest in smart metering infrastructure. Additionally, rising consumer awareness about energy conservation and the benefits of real-time energy usage data has driven demand for smart meters. Consumers are increasingly looking for ways to manage their energy consumption more efficiently to reduce costs and minimize their environmental impact. These factors collectively underscore the dynamic growth of the smart electricity meters market, highlighting its crucial role in the transition towards smarter, more sustainable energy systems.
The growth in the smart electricity meters market is driven by several factors, including regulatory mandates, technological advancements, and increasing consumer awareness. Governments worldwide are implementing policies to promote the adoption of smart meters as part of broader initiatives to modernize electrical grids and improve energy efficiency. In the United States, various state-level programs and federal incentives encourage the widespread adoption of smart metering technology. Advancements particularly in the Internet of Things (IoT) and communication technologies, have made smart meters more reliable, secure, and cost-effective, prompting utilities to invest in smart metering infrastructure. Additionally, rising consumer awareness about energy conservation and the benefits of real-time energy usage data has driven demand for smart meters. Consumers are increasingly looking for ways to manage their energy consumption more efficiently to reduce costs and minimize their environmental impact. These factors collectively underscore the dynamic growth of the smart electricity meters market, highlighting its crucial role in the transition towards smarter, more sustainable energy systems.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Automatic Meter Reading (AMR) Technology segment, which is expected to reach US$10.9 Billion by 2030 with a CAGR of a 4.4%. The Advanced Metering Infrastructure (AMI) Technology segment is also set to grow at 10.8% CAGR over the analysis period.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Electricity Meters Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Electricity Meters Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Electricity Meters Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Siemens AG, Schneider Electric SE, Itron, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 16 Featured):
- Siemens AG
- Schneider Electric SE
- Itron, Inc.
- Trilliant Holdings, Inc.
- Advanced Electronics Company
- Iskraemeco d.d.
- KP Electronic System Ltd.
- Korea Electric Power Corporation (KEPCO)
- ZOHO Corporation - WebNMS
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Siemens AG
- Schneider Electric SE
- Itron, Inc.
- Trilliant Holdings, Inc.
- Advanced Electronics Company
- Iskraemeco d.d.
- KP Electronic System Ltd.
- Korea Electric Power Corporation (KEPCO)
- ZOHO Corporation - WebNMS
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 342 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 15.2 Billion |
| Forecasted Market Value ( USD | $ 25.3 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
