Electricity meters are devices used to measure and monitor energy consumption in households as well as industrial spaces. These devices have evolved from legacy systems that were electromechanical in nature, to solid state meters that provide two-way communication capabilities along with accurately measuring and reporting energy demand. 
 
Governments and other legislative bodies are undertaking various initiatives to ensure smart meter rollouts over the next few years. This is primarily due to the large number of benefits offered by smart electricity meters. Besides accurately determining energy consumption, electricity meters also allow meter reading from remote locations, prepayment options, and fraud detection by implementing and storing time of day usage at periodic intervals. Although smart electricity meters can be tampered with, it requires the modification of storage logs, which is a time intensive and complex activity. 
 
Depleting fossil fuel resources and increasing dependence on renewable sources of energy has prompted the need for installing smart meters that are capable of controlling energy used by electronic equipments. Electricity meters are equipped to handle and compensate for dwindling electricity supply, which helps improve customer service and is profitable to utility companies as well. However, lack of awareness among end users, and concerns about privacy are expected to restrain market growth over the forecast period. 
 
The value chain for electricity meters comprises of power generation firms as well as TSOs (Transmission System Operators) which are responsible for supplying electricity on high voltage grids and medium to low voltage grids respectively. In addition, smart energy service providers provide energy plans based on tariff and self diagnostics capabilities. 
 
The global electricity meters market has been segmented on the basis of application into residential meters, commercial meters, and industrial meters. In terms of geography, Asia Pacific is expected to lead the market in terms of demand as well as revenue due to various initiatives undertaken to install smart meters in this region. Key market participants include Itron, Landis+Gyr, Jiangsu Linyang Electronics Co., Ltd., Holley Metering Ltd., Sensus, and Elster among others.

Necessity of Electricity in Industrial and Household Spaces to Boost Electricity Meters Market

Electricity meters are appliances used in households and industrial spaces to calculate and control power consumption. These instruments have developed from legacy electromechanical systems to solid state meters that offers two-way communication capacities together with precise measurement of energy demand and its reporting. Growing popularity of these devices are likely to add to the growth of the global electricity meters market in the near future.

Different measures to facilitate smart meter implementations in the next few years are being pursued by governments and other legislative bodies. This is partly due to the massive number of advantages that smart electricity meters bring. These increased initiatives are likely to work in favor of the global electricity meters market in the years to come. Electricity meters also allow meter reading from remote places, pre - payment opportunities, and fraud prevention. It also offers accurate calculation of energy usage, by implementing and storing daily use time at regular intervals. While it is possible to manipulate smart electricity meters, it involves changing storage logs, which is a time-consuming and complex operation. The benefits of these meters are expected to foster development of the global electricity meters market in the near future.

Favorable Government Measures and Need to Reduce Peak Demand to Foster Growth

Smart energy metering systems are capable of reducing the peak demand for electricity. It can also enable end-users to accurately control and decrease energy consumption. Energy suppliers utilize these devices by aligning the benefits of reaction time reduction to overcome hardware failures and power outages. It also helps them to provide improved customer service due to remote reading comforts. Since renewable energy production changes with time, low energy production eventually results in unstable productivity of energy. However, by monitoring the energy usage of different electronic devices, the use of a metering device attempts to compensate for this deficit, as it is able to manage intermittent supplies. The installation of these devices, which is set to perform a crucial role in the development of the industry, is backed by many smart meter rollout schemes in various regions. It is facilitated in the form of favorable government measures in countries like the U.S. and U.K. These factors are likely to foster growth of the global electricity meters market in the near future.

Favorable regulatory conditions are expected to aid in increasing smart meter rollouts over the next few years. Initiatives from governments, other regulatory organizations, as well as electricity utility companies are expected to drive the market over the forecast period. Mandates are set by these legislative bodies in order to prevent energy theft, ensure secure electricity supply, and monitor and control power consumption in households, as well as commercial and industrial locations. Moreover, in countries such as China, there has been significant activity toward up gradation of meters, distribution networks, transmission systems, and generating capabilities and this is aiding the growth of smart meters. Additionally, the high degree of energy efficiency provided by smart electricity meters is expected to positively impact the industry. Globally, the penetration rate of smart meters varies across different regions due to varying impact of regulatory factors. For instance, until now the maximum impact of regulations regarding smart meters was seen in European and North American regions; however; the trend is anticipated to shift increasingly toward Asia Pacific over the coming years. Further, there is a huge opportunity for growth of smart meters in regions such as Latin America, Middle East and Africa as these regions are experiencing huge surge in electricity demand owing to development in economic conditions. Thus, these regions are anticipated to increasingly adapt advanced technology in order to meet energy security needs. Rise in demand and installation of smart grids and advanced metering infrastructure are important global market trends providing strong impetus to the growth of smart meters. Further, the smart meters offer enhanced accuracy, two-way communication medium between utility and meters, real-time data feeds, monitoring of power quality and automated outage detection among other features. Utilities are continuously seeking for ways to reduce the operating costs and enhance the efficiency through monitoring of data. Smart meters are aiding this effort by the utilities and thus the utilities themselves are promoting the growth of smart metering infrastructure. Increasing penetration of machine-to-machine technology in both home and industrial smart meter uses is further anticipated to positively impact the growth of smart meters market.   
 
This report analyzes and forecasts the global demand for electricity smart meters in terms of volumes (million units) and revenues (USD million) from 2011 to 2018. The report explains the drivers and restraints affecting the market, along with an analysis of their expected impact on the future growth of this industry. It also provides an analysis of the available market opportunities that could drive the electricity meters industry over the forecast period.
 
For the purpose of this study, we have considered only smart meters and not traditional electricity meters as all technological focus was dedicated to smart meter technology. All market dynamics, estimates, forecasts and competitive analysis included in the study pertain only to smart meters.
 
The report includes value chain analysis for better understanding of the supply chain of smart meters starting from the raw material to the actual meters across various applications. It also includes Porter’s five forces analysis to evaluate the degree of competitiveness in the market.
 
The report includes an extensive competitive landscape starting from the market share of the global smart meters market to company profiles of the major participants operating in the global market. Key market participants profiled in this report include Itron, Landis+Gyr, Holley Metering Ltd., Jiangsu Linyang Electronics Co., Ltd., General Electric, and so on. The market players are profiled with attributes such as company overview, financial overview, business strategies and recent developments in the field of smart meter technology.
 
The report segments the global electricity meters market as:
 
Electricity Meters Market, by Application:
  • Residential
  • Commercia
  • Industrial
Electricity Meters Market, by Geography:
  • North America
  • EMEA (Europe, the Middle East, and Africa)
  • Asia Pacific
  • Rest of the World (RoW)

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

 
Chapter 1 Preface
1.1 Research Description
1.2 Research Methodology
1.3 Research scope, segmentation & assumptions
 
Chapter 2 Executive Summary
 
Chapter 3 Market Overview
3.1 Introduction
3.2 Value chain analysis
3.3 Market Drivers
      3.3.1 Increasing smart meter penetration
      3.3.2 Rapid industrialization
      3.3.3 Need for energy efficiency
3.4 Market Restraints
      3.4.1 Energy theft
      3.4.2 Concerns among end users
3.5 Market Opportunity
      3.5.1 Increasing smart grid initiatives
3.6 Porter’s Five Forces Analysis
      3.6.1 Bargaining Power of Suppliers
      3.6.2 Bargaining Power of Buyers
      3.6.3 Threat of New Entrants
      3.6.4 Threat from Substitutes
      3.6.5 Degree of Competition
3.7 Electricity meters: market attractiveness analysis
3.8 Electricity meters: company market share analysis
 
Chapter 4 Electricity Meters Market, By Application
4.1 Global Electricity Meters Market: Application Overview
      4.1.1 Global electricity meters market volume share, by application, 2011 – 2018, (million units) 
      4.1.2 Global electricity meters market revenue share, by application, 2011 – 2018 (USD Million) 
4.2 Electricity meters market, By Application
      4.2.1 Residential
              4.2.1.1 Global residential meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
      4.2.2 Commercial
              4.2.2.1 Global commercial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
      4.2.3 Industrial
              4.2.3.1 Global industrial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
 
Chapter 5 Electricity Meters Market, By Geography
5.1 Electricity Meters Market: geographical overview
      5.1.1 Electricity meters volume share, by geography, 2011 – 2018, (million units) 
      5.1.2 Electricity meters revenue share, by geography, 2011 – 2018, (USD Million) 
5.2 North America
      5.2.1 North America electricity meters market, 2011 – 2018, (USD Million) (million units) 
      5.2.2 North America electricity meters market by application, 2011 – 2018
              5.2.2.1 North America residential meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
             5.2.2.2 North America commercial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
             5.2.2.3 North America industrial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
5.3 EMEA
      5.3.1 EMEA electricity meters market, 2011 – 2018, (USD Million) (million units) 
      5.3.2 EMEA electricity meters market by application 2011 – 2018
               5.3.2.1 EMEA residential meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
               5.3.2.2 EMEA commercial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
               5.3.2.3 EMEA industrial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
5.4 Asia Pacific (APAC) 
      5.4.1 Asia Pacific electricity meters market, 2011 – 2018, (USD Million) (million units) 
      5.4.2 Asia Pacific electricity meters market by application, 2011 – 2018
               5.4.2.1 Asia Pacific residential meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
               5.4.2.2 Asia Pacific commercial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
               5.4.2.3 Asia Pacific industrial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
5.5 Rest of the World (RoW) 
      5.5.1 RoW electricity meters market, 2011 – 2018, (USD Million) (million units) 
      5.5.2 RoW electricity meters market by application 2011 – 2018
               5.5.2.1 RoW residential meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
               5.5.2.2 RoW commercial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
               5.5.2.3 RoW industrial meters market, revenues and volumes, 2011 – 2018, (USD Million) (million units) 
 
Chapter 6 Company Profiles
6.1 Holley Metering Ltd. 
      6.1.1 Company overview
      6.1.2 Financial Overview
      6.1.3 Business strategy
      6.1.4 SWOT analysis
      6.1.5 Recent developments
6.2 Itron
      6.2.1 Company overview
      6.2.2 Financial Overview
      6.2.3 Business strategy
      6.2.4 SWOT analysis
      6.2.5 Recent developments
6.3 Landis+Gyr
      6.3.1 Company overview
      6.3.2 Financial Overview
      6.3.3 SWOT analysis
      6.3.4 Recent developments
6.4 Jiangsu Linyang Electronics Co., Ltd. 
      6.4.1 Company overview
      6.4.2 Financial Overview
      6.4.3 Business strategy
      6.4.4 SWOT analysis
      6.4.5 Recent developments
6.5 Delixi Group Co. Ltd. 
      6.5.1 Company overview
      6.5.2 Financial Overview
      6.5.3 Business strategy
      6.5.4 SWOT analysis
6.6 General Electric
      6.6.1 Company overview
      6.6.2 Financial overview
      6.6.3 Business strategies
      6.6.4 SWOT analysis
      6.6.5 Recent developments
6.7 Schneider Electric SA
      6.7.1 Company overview
      6.7.2 Financial Overview
      6.7.3 Business strategies
      6.7.4 SWOT analysis
      6.7.5 Recent developments
6.8 Siemens AG
      6.8.1 Company overview
      6.8.2 Financial Overview
      6.8.3 Business strategies
      6.8.4 SWOT analysis
      6.8.5 Recent developments
List of Tables
 
TABLE 1 Global smart meters: Market snapshot, 2012 & 2018 
TABLE 2 Drivers for the electricity meters market: Impact Analysis 
TABLE 3 Smart meter regulatory scenario in the EU 
TABLE 4 Restraints for the electricity meters market: Impact Analysis
List of Figures 
 
FIG. 1 Global smart meters market, 2011 – 2018, (USD Million) (Million units) 
FIG. 2 Global electricity meters (traditional & smart) market, 2011 – 2018, (Million units) 
FIG. 3 Smart meter evolution 
FIG. 4 Electricity meters: Value chain analysis 
FIG. 5 Energy theft in AMI 
FIG. 6 Smart grid infrastructure 
FIG. 7 Porter’s five forces analysis 
FIG. 8 Electricity meters: market attractiveness analysis, 2012 
FIG. 9 Electricity meters: company market share analysis, 2011 
FIG. 10 Global electricity meters market volume share, 2011 and 2018 (%) 
FIG. 11 Global electricity meters market revenue share, 2011 and 2018 
FIG. 12 Global residential meters market, 2011 – 2018, (USD Million) (Million units) 
FIG. 13 Global commercial  meters market, 2011 – 2018, (USD Million) (Million units) 
FIG. 14 Global industrial meters market, 2011 – 2018, (USD Million) (Million units) 
FIG. 15 Global electricity meters volume share, by geography, 2011 and 2018 (%) 
FIG. 16 Global electricity meters revenue share, by geography, 2011 and 2018 (%) 
FIG. 17 North America electricity meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 18 North America residential meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 19 North America commercial meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 20 North America industrial meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 21 EMEA electricity meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 22 EMEA residential meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 23 EMEA commercial meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 24 EMEA industrial meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 25 Asia Pacific electricity meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 26 Asia Pacific residential meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 27 Asia Pacific commercial meters market, 2011 – 2018, (USD Million) (Million units) 
FIG. 28 Asia Pacific industrial meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 29 RoW electricity meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 30 RoW residential meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 31 ROW commercial meters market,  2011 – 2018, (USD Million) (Million units) 
FIG. 32 ROW industrial meters market,  2011 – 2018, (USD Million) (Million units) 

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