Global Electricity Meter Market, By Technology (Electromechanicals, Electronics), Type (Flat-rate Meters, Interval Meters, Smart Meters, Solar Meters), Phase (Three, Single), End User (Commercial, Industrial, Domestic), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Electricity Meter Market
Growth and expansion of semiconductors industry especially in the emerging ones, growing usage of electricity meters for residential and commercial applications in the developing economies, surging number of end user industries in the developing economies, growing focus on the technological advancements pertaining to the electricity meters, rising up gradation of existing infrastructure with advanced systems and increasing infrastructural development activities especially in the developing economies are the major factors attributable to the growth of electricity meter market. Data Bridge Market Research analyses that the electricity meter market will exhibit a CAGR of 6.57% for the forecast period of 2022-2029. Therefore, the electricity meter market value would rocket up to USD 15.80 billion by 2029.
From the name itself, it is clear that electricity meters are the semiconductors that allow reading and calculating the consumption of electricity. In other words, electricity meters monitor the usage of electricity by all kinds of residential, commercial and industrial facilities. Electricity meters enable the efficient management of power and electricity and are easy to install.
Rising number of buildings and construction activities and growth in the volume of initiatives undertaken by authorities to develop advanced infrastructure for consistent delivery of energy and power in the developing economies will emerge as the major electricity meter market growth driving factors. Growing awareness about the benefits of using electricity meters, rising focus of consumers to utilize smart meters over conventional meter, surging technological developments in the semiconductor industry, increasing number of product innovations, rising demand for energy-efficient houses and buildings, and widespread industrialization will further aggravate the electricity meter market value. Growing expenditure to undertake research and development proficiencies and surging government support for promoting smart homes and smart meters will further carve the way for the growth of the electricity meter market.
However, high costs associated with the research and development proficiencies will act as growth restraints for the electricity meter market. Also, stringent regulatory framework in the developing economies and standardizations and regulatory procedures imposed by the government for commercialization will further dampen the growth rate of the electricity meter market. Large scale technological and infrastructural limitations, increased awareness amongst consumers for privacy concerns and high costs of smart electricity meters will further challenge the electricity meter market growth rate.
This electricity meter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on electricity meter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electricity Meter Market Scope and Market Size
The electricity meter market is segmented on the basis of technology, type, phase and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Electricity meter market, on the basis of technology has been segmented into electromechanicals and electronics.
- Based on type, the electricity meter market has been segmented into flat-rate meters, interval meters, smart meters and solar meters.
- On the basis of phase, the electricity meter market has been segmented as three and single phase.
- Electricity meter market has been segmented into commercial, industrial and domestic on the basis of end user.
Electricity Meter Market Country Level Analysis
The electricity meter market is analysed and market size, volume information is provided by country, technology, type, phase and end user as referenced above.
The countries covered in the electricity meter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe regions dominate the electricity meter market will continue to flourish its trend of dominance during the forecast period owing to the rising technological transformations in the manufacturing sector and increased availability of energy supplying infrastructure. Asia-Pacific region will score the highest growth rate owing to the rising infrastructural development activities, surging use of smart electricity meters and growing number of manufacturing industries.
The country section of the electricity meter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electricity Meter Market Share Analysis
The electricity 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 electricity meter market.
Some of the major players operating in the electricity meter market are ABB, Eaton, Honeywell International Inc., General Electric Company, Itron Inc., Legrand, Siemens, Socomec, STMicroelectronics, wasion group, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Holley Technology UK Ltd., Linyang Group, Sensus, STMicroelectronics, Infineon Technologies AG, Microchip Technology Inc., Analog Devices, Inc., TE Connectivity and Renesas Electronics Corporation among others.
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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL ELECTRICITY METER MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL ELECTRICITY METER MARKET
2.3 VENDOR POSITIONING GRID
2.4 TECHNOLOGY LIFE LINE CURVE
2.5 MARKET GUIDE
2.6 COMPANY POSITIONING GRID
2.7 COMAPANY MARKET SHARE ANALYSIS
2.8 MULTIVARIATE MODELLING
2.9 TOP TO BOTTOM ANALYSIS
2.1 STANDARDS OF MEASUREMENT
2.11 VENDOR SHARE ANALYSIS
2.12 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.13 DATA POINTS FROM KEY SECONDARY DATABASES
2.14 GLOBAL ELECTRICITY METER MARKET: RESEARCH SNAPSHOT
2.15 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
6 GLOBAL ELECTRICITY METER MARKET, BY TYPE
6.1 OVERVIEW
6.2 TRADITIONAL ELECTRICITY METERS
6.3 STANDARD METERS
6.4 DIAL METERS
6.5 DIGITAL METERS
6.6 VARIABLE-RATE METERS
6.7 PREPAYMENT METERS
6.8 SMART METER
6.8.1 TYPE
6.8.1.1. ADVANCED METERING INFRASTRUCTURE (AMI)
6.8.1.2. AUTO METER READING (AMR)
7 GLOBAL ELECTRICITY METER MARKET, BY METER TYPE
7.1 OVERVIEW
7.2 ANALOG
7.3 DIGITAL
8 GLOBAL ELECTRICITY METER MARKET, BY COMPONENTS
8.1 OVERVIEW
8.2 HARDWARE
8.2.1 MEASUREMENT /COMPUTING CHIPS
8.2.2 DISPLAY MODULES
8.2.3 MEMORY CHIPS
8.2.4 RTC / MICROCONTROLLER
8.2.5 BATTERY
8.2.6 OTHERS
8.3 SOFTWARE
8.4 SERVICES
9 GLOBAL ELECTRICITY METER MARKET, BY PHASE
9.1 OVERVIEW
9.2 SINGLE PHASE
9.2.1 BY TYPE
9.2.1.1. DOMESTIC SINGLE PHASE METERS
9.2.1.2. PREPAYMENT SINGLE PHASE METERS
9.2.1.2.1. COIN METER
9.2.1.2.2. CARD METER
9.2.2 BY CIRCUIT TYPE
9.2.2.1. SINGLE PHASE – 2 WIRE
9.2.2.2. SINGLE PHASE -3 WIRE
9.3 THREE PHASE
9.3.1 BY CIRCUIT TYPE
9.3.1.1. 3 PHASE 4-WIRE WYE SERVICE
9.3.1.2. 3 PHASE 4-WIRE OPEN DELTA
10 GLOBAL ELECTRICITY METER MARKET, BYCOMMUNICATION TECHNOLOGY
10.1 OVERVIEW
10.2 ADVANCED METERING INFRASTRUCTURE (AMI)
10.2.1 CELLULAR(GPRS/CDMA) COMMUNICATIONS
10.2.2 RADIO FREQUENCY
10.2.3 POWER LINE COMMUNICATION
10.2.4 ETHERNET
10.3 AUTOMATIC METER READING (AMR)
11 GLOBAL ELECTRICITY METER MARKET, BY END USER
11.1 OVERVIEW
11.2 RESIDENTIAL
11.2.1 BY TYPE
11.2.1.1. SINGLE FAMILY
11.2.1.2. MULTI FAMILY
11.2.2 BY PHASE TYPE
11.2.2.1. SINGLE PHASE
11.2.2.2. THREE PHASE
11.3 COMMERCIAL
11.3.1 BY TYPE
11.3.1.1. RETAIL
11.3.1.2. HEALTHCARE
11.3.1.3. OFFICES
11.3.1.4. EDUCATION
11.3.1.5. HOSPITALITY
11.3.1.6. LOGISTICS & TRANSPORTATION
11.3.1.7. UTILITY
11.3.2 BY PHASE TYPE
11.3.2.1. SINGLE PHASE
11.3.2.2. THREE PHASE
11.4 INDUSTRIAL
11.4.1 BY PHASE TYPE
11.4.1.1. SINGLE PHASE
11.4.1.2. THREE PHASE
12 GLOBAL ELECTRICITY METER MARKET, BY REGION
12.1 GLOBAL ELECTRICITY METER MARKET (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
12.1.1 NORTH AMERICA
12.1.1.1. U.S.
12.1.1.2. CANADA
12.1.1.3. MEXICO
12.1.2 EUROPE
12.1.2.1. GERMANY
12.1.2.2. FRANCE
12.1.2.3. U.K.
12.1.2.4. ITALY
12.1.2.5. SPAIN
12.1.2.6. RUSSIA
12.1.2.7. TURKEY
12.1.2.8. BELGIUM
12.1.2.9. NETHERLANDS
12.1.2.10. SWITZERLAND
12.1.2.11. REST OF EUROPE
12.1.3 ASIA PACIFIC
12.1.3.1. JAPAN
12.1.3.2. CHINA
12.1.3.3. SOUTH KOREA
12.1.3.4. INDIA
12.1.3.5. AUSTRALIA
12.1.3.6. SINGAPORE
12.1.3.7. THAILAND
12.1.3.8. MALAYSIA
12.1.3.9. INDONESIA
12.1.3.10. PHILIPPINES
12.1.3.11. REST OF ASIA PACIFIC
12.1.4 SOUTH AMERICA
12.1.4.1. BRAZIL
12.1.4.2. ARGENTINA
12.1.4.3. REST OF SOUTH AMERICA
12.1.5 MIDDLE EAST AND AFRICA
12.1.5.1. SOUTH AFRICA
12.1.5.2. UAE
12.1.5.3. EGYPT
12.1.5.4. ISRAEL
12.1.5.5. SAUDI ARABIA
12.1.5.6. REST OF MIDDLE EAST AND AFRICA
12.1.6 ASIA PACIFIC
12.1.6.1. JAPAN
12.1.6.2. CHINA
12.1.6.3. SOUTH KOREA
12.1.6.4. INDIA
12.1.6.5. AUSTRALIA
12.1.6.6. SINGAPORE
12.1.6.7. THAILAND
12.1.6.8. MALAYSIA
12.1.6.9. INDONESIA
12.1.6.10. TAIWAN
12.1.6.11. PHILIPPINES
12.1.6.12. REST OF ASIA PACIFIC
12.2 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
13 GLOBAL ELECTRICITY METER MARKET,COMPANY LANDSCAPE
13.1 COMPANY SHARE ANALYSIS: GLOBAL
13.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
13.3 COMPANY SHARE ANALYSIS: EUROPE
13.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
13.5 MERGERS & ACQUISITIONS
13.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
13.7 EXPANSIONS
13.8 REGULATORY CHANGES
13.9 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
14 GLOBAL ELECTRICITY METER MARKET, SWOT & DBMR ANALYSIS
15 GLOBAL ELECTRICITY METER MARKET, COMPANY PROFILE
15.1 LANDIS+GYR
15.1.1 COMPANY SNAPSHOT
15.1.2 REVENUE ANALYSIS
15.1.3 GEOGRAPHIC PRESENCE
15.1.4 PRODUCT PORTFOLIO
15.1.5 RECENT DEVELOPMENT
15.2 HONEYWELL INTERNATIONAL, INC.
15.2.1 COMPANY SNAPSHOT
15.2.2 REVENUE ANALYSIS
15.2.3 GEOGRAPHIC PRESENCE
15.2.4 PRODUCT PORTFOLIO
15.2.5 RECENT DEVELOPMENT
15.3 SCHNEIDER ELECTRIC
15.3.1 COMPANY SNAPSHOT
15.3.2 REVENUE ANALYSIS
15.3.3 GEOGRAPHIC PRESENCE
15.3.4 PRODUCT PORTFOLIO
15.3.5 RECENT DEVELOPMENT
15.4 SIEMENS
15.4.1 COMPANY SNAPSHOT
15.4.2 REVENUE ANALYSIS
15.4.3 GEOGRAPHIC PRESENCE
15.4.4 PRODUCT PORTFOLIO
15.4.5 RECENT DEVELOPMENT
15.5 JIANGSU LINYANGENERGY CO., LTD
15.5.1 COMPANY SNAPSHOT
15.5.2 REVENUE ANALYSIS
15.5.3 GEOGRAPHIC PRESENCE
15.5.4 PRODUCT PORTFOLIO
15.5.5 RECENT DEVELOPMENT
15.6 KAMSTRUP
15.6.1 COMPANY SNAPSHOT
15.6.2 REVENUE ANALYSIS
15.6.3 GEOGRAPHIC PRESENCE
15.6.4 PRODUCT PORTFOLIO
15.6.5 RECENT DEVELOPMENT
15.7 ISKRAEMECO GROUP
15.7.1 COMPANY SNAPSHOT
15.7.2 REVENUE ANALYSIS
15.7.3 GEOGRAPHIC PRESENCE
15.7.4 PRODUCT PORTFOLIO
15.7.5 RECENT DEVELOPMENT
15.8 GENUS
15.8.1 COMPANY SNAPSHOT
15.8.2 REVENUE ANALYSIS
15.8.3 GEOGRAPHIC PRESENCE
15.8.4 PRODUCT PORTFOLIO
15.8.5 RECENT DEVELOPMENT
15.9 HOLLEY METERING
15.9.1 COMPANY SNAPSHOT
15.9.2 REVENUE ANALYSIS
15.9.3 GEOGRAPHIC PRESENCE
15.9.4 PRODUCT PORTFOLIO
15.9.5 RECENT DEVELOPMENT
15.1 MICROCHIP TECHNOLOGY
15.10.1 COMPANY SNAPSHOT
15.10.2 REVENUE ANALYSIS
15.10.3 GEOGRAPHIC PRESENCE
15.10.4 PRODUCT PORTFOLIO
15.10.5 RECENT DEVELOPMENT
15.11 WASION GROUP
15.11.1 COMPANY SNAPSHOT
15.11.2 REVENUE ANALYSIS
15.11.3 GEOGRAPHIC PRESENCE
15.11.4 PRODUCT PORTFOLIO
15.11.5 RECENT DEVELOPMENT
15.12 ITRON
15.12.1 COMPANY SNAPSHOT
15.12.2 REVENUE ANALYSIS
15.12.3 GEOGRAPHIC PRESENCE
15.12.4 PRODUCT PORTFOLIO
15.12.5 RECENT DEVELOPMENT
15.13 OSAKI ELECTRIC CO., LTD.
15.13.1 COMPANY SNAPSHOT
15.13.2 REVENUE ANALYSIS
15.13.3 GEOGRAPHIC PRESENCE
15.13.4 PRODUCT PORTFOLIO
15.13.5 RECENT DEVELOPMENT
15.14 NEPTUNE TECHNOLOGIES
15.14.1 COMPANY SNAPSHOT
15.14.2 REVENUE ANALYSIS
15.14.3 GEOGRAPHIC PRESENCE
15.14.4 PRODUCT PORTFOLIO
15.14.5 RECENT DEVELOPMENT
15.15 BADGER METER, INC.
15.15.1 COMPANY SNAPSHOT
15.15.2 REVENUE ANALYSIS
15.15.3 GEOGRAPHIC PRESENCE
15.15.4 PRODUCT PORTFOLIO
15.15.5 RECENT DEVELOPMENT
15.16 NINGBO SANXING MEDICAL & ELECTRIC CO., LTD.
15.16.1 COMPANY SNAPSHOT
15.16.2 REVENUE ANALYSIS
15.16.3 GEOGRAPHIC PRESENCE
15.16.4 PRODUCT PORTFOLIO
15.16.5 RECENT DEVELOPMENT
15.17 EMH METERING GMBH & CO. KG
15.17.1 COMPANY SNAPSHOT
15.17.2 REVENUE ANALYSIS
15.17.3 GEOGRAPHIC PRESENCE
15.17.4 PRODUCT PORTFOLIO
15.17.5 RECENT DEVELOPMENT
15.18 SAGEMCOM SAS
15.18.1 COMPANY SNAPSHOT
15.18.2 REVENUE ANALYSIS
15.18.3 GEOGRAPHIC PRESENCE
15.18.4 PRODUCT PORTFOLIO
15.18.5 RECENT DEVELOPMENT
15.19 EFR GMBH
15.19.1 COMPANY SNAPSHOT
15.19.2 REVENUE ANALYSIS
15.19.3 GEOGRAPHIC PRESENCE
15.19.4 PRODUCT PORTFOLIO
15.19.5 RECENT DEVELOPMENT
15.2 GENERAL ELECTRIC COMPANY
15.20.1 COMPANY SNAPSHOT
15.20.2 REVENUE ANALYSIS
15.20.3 GEOGRAPHIC PRESENCE
15.20.4 PRODUCT PORTFOLIO
15.20.5 RECENT DEVELOPMENT
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
16 CONCLUSION
17 QUESTIONNAIRE
18 RELATED REPORTS
19 ABOUT DATA BRIDGE MARKET RESEARCH
Global Electricity Meter Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Electricity Meter Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Electricity Meter Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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