The global Smart Electricity Meters market is experiencing significant growth and is expected to reach a size of approximately $20.5 billion by 2030, with a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030. This growth is driven by various factors, including the increasing adoption of smart meters for electricity consumption measurement. Here are some key insights from the report:
Market Segmentation:
Single-Phase smart meters are expected to record a CAGR of 7% and reach a market size of $14.6 billion by 2030.
Three-Phase smart meters are projected to experience a higher CAGR of 9% over the same period.
Geographic Analysis:
The report provides a detailed analysis of specific geographic areas, with a focus on the US and China.
The US market is currently estimated at $1.8 billion and is expected to see significant growth.
China is forecasted to reach a market size of $7.6 billion by 2030.
Competitive Landscape:
The report highlights 16 significant players in the Smart Electricity Meters market, including Siemens AG and Schneider Electric SE.
Analyzing the competitive landscape can provide insights into the market dynamics and help businesses gain a competitive edge.
Global Economic Outlook:
The report discusses the global economic outlook, with improvements expected in the coming years.
Factors such as GDP growth, inflation, and government policies are considered in the analysis.
Challenges and Opportunities:
The report acknowledges challenges such as the war in Ukraine, inflation concerns, and regulatory changes.
It also highlights the potential for growth in various technologies, including AI, machine learning, renewables, and climate technologies.
Overall, the Smart Electricity Meters market is on a growth trajectory, driven by technological advancements and increasing demand for more efficient electricity consumption measurement. The report provides valuable insights for businesses and investors looking to navigate this evolving market.
What`s New?
Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of COVID-19 and a Looming Global Recession
Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
Smart Meters: Laying the Foundation of Energy Efficiency and Reliable Utility Networks
An Introduction to Smart Electricity Meters
Smart Electricity Meters: Reliable, User-Friendly, Cost Effective, and Energy Efficient Technology
Key Challenges Confronting the Smart Electricity Meters Market
Competition
Recent Market Activity
Smart Electricity Meters - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Environmental Concerns, Reduction in Energy Wastage, and Need for Energy Efficiency Drive Adoption of Smart Metering Technology
Myriad Benefits of Smart Electricity Meters to Drive Global Adoption
Benefits of Smart Electricity Meters to Utilities
Benefits to Customers
Digitization Trend in Utilities Spurs Adoption of Smart Meters
Spiraling Demand for Electricity and Inefficient Infrastructure Drives Power Utilities to Deploy Smart Meters
Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
Growing Deployments of Smart Grids: A Strong Business Case for Smart Electricity Meters
Spending on Smart Grids Strengthens Smart Metering Infrastructure Plans: Global Market for Smart Grids in US$ Billion) for the Years 2018 and 2020
Renewable Energy Integration: A Promising Application of Smart Electricity Meters
Rising Prominence of Internet of Things (IoT) in Utilities to Benefit Penetration
Rise of Smart Cities and Focus on Smart Energy Management Opens Up Opportunities for Smart Electricity Meters
At the Core of Smart Cities Are Smart Metering Solutions for Provision of Smart Utility Services: Global Market for Smart City Technologies in US$ Million for the Years 2019 and 2025
Smart Electricity Meters Emerge as Vital Components for Efficient Energy Use & Consumption Control in Smart Cities
Increasing Investments in Smart Home Technology Solutions to Fuel Demand for Smart Meters
Growing Investments into Smart Homes Stimulate Smart Meters Market: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
Integration of Electric Vehicles and Smart Meters Enable Shift towards Sustainable Economy
Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
Rising Prominence of Smart Electricity Meters in Advanced Outage Management
Smart Electricity Meters Gain Prominence in Distribution Automation
Government Policies Critical for Smart Electricity Meters Adoption
Cloud Computing Transforms Smart Metering Market
Big Data Analytics to Provide Actionable Insights from Smart Meters-Generated Data
AI Presents Immense Opportunities to Tap Smart Meter Data
Blockchain to Mitigate Data Safety and Privacy Concerns for Smart Meters
Increasing Integration of Cellular Technology in Smart Electricity Meters
Population Growth and Demographics Drive Need for Smart Utility Infrastructure, Supporting Demand for Smart Meters
World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
World Urban Population in Thousands: 1950-2050P
Key Issues & Challenges Hampering Widespread Adoption of Smart Meters
About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact: Research and Markets Laura Wood, Senior Manager [email protected]
For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716
Jerry Almonte De Leon, founder of OneNess Blockchain AI, proudly introduces Open Quantum, a platform dedicated to advancing Quantum-AI and Quantum-Cryptography. Open Quantum's breakthrough technologies provide unmatched security, resilience, and...
Pomerantz LLP is investigating claims on behalf of investors of Novavax, Inc. ("Novavax" or the "Company") . Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. ...
Rosen Law Firm, a global investor rights law firm, reminds purchasers of stock of Metagenomi, Inc. pursuant and/or traceable to the Company's initial public offering conducted between February 9 and 13, 2024 (the "IPO"), of the important November...
Pomerantz LLP is investigating claims on behalf of investors of Stride, Inc. ("Stride" or the "Company") . Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980....
TGI Fridays Inc. (the "Company"), the owner and operator of 39 domestic restaurants in the TGI Friday's casual dining chain, today filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the Northern District of Texas. The Company...
Report with the AI impact on market trends - The global nitrile gloves market size is estimated to grow by USD 3.54 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.8% during the forecast period....