Smart Meters Market Analysis And Segment Forecasts To 2020

Published: Feb, 2014 | Pages: 76 | Publisher: Grand View Research
Industry: Semiconductors | Report Format: Electronic (PDF)

The global market for smart meters is expected to reach USD 22,177 million by 2020. Smart meters provide two-way communication and benefits including time-based rates, faster power outage detection and resolution, and dynamic pricing among others. Initiatives by regulatory authorities to establish smart grids and ensure energy efficiency are expected to be a considerable growth driver over the forecast period.

Benefits of smart meter installations resonate across the value chain, which is also a key driving force for the industry. Customers can potentially cut down costs by lowering peak hour electricity demand; additionally, on-site visits and manual readings can be eliminated. Inconsistencies in deployment on a regional level coupled with lack of standardization in technology are expected to pose a barrier to market growth.

Further key findings from the study suggest:

Global smart meter shipments were estimated to be 59.6 million units in 2012, which is expected to reach 165.5 million units by 2020, growing at a CAGR of 9.8% from 2014 to 2020
Residential applications accounted for 82.6% of overall shipments in 2012, and are expected to remain the largest segment in terms of volume over the next six years. This segment is also expected to be the fastest growing, at an estimated CAGR of 10.0% from 2014 to 2020. However, in terms of revenue, they accounted for significantly smaller market share in 2012. This can be primarily attributed to high technical requirements and selling prices of industrial and commercial smart meters.
Asia Pacific is expected to be the largest regional market in terms of volume and revenue over the forecast period, and accounted for 49.2% of overall shipments in 2012. Europe is expected to be the fastest growing market in terms of revenue, at an estimated CAGR of 9.4% from 2014 to 2020. The market in Europe is expected to contribute significantly to global revenue generation, which can be attributed to high selling prices as compared to other regions.
The global smart meters market consists of a large number of participants such as Itron, Landis+Gyr, Elster, and Sensus among others. Mergers and acquisitions and vertical integration have been the key growth strategies followed by industry players in order to gain market share and expand their product portfolio. High demand from emerging markets on account of energy efficiency programs and growing need for enabling smart homes is expected to positively impact profitability. Other companies operating in the market include Jiangsu Linyang, Holley Metering, Echelon, Aclara, etc.
For the purpose of this study, Grand View Research has segmented the global smart meters market on the basis of application and region:

Smart Meters Application Outlook (Volume, Million Units and Revenue, USD Million; 2012 - 2020)
Residential
Commercial
Industrial
Smart Meters Regional Outlook (Volume, Million Units and Revenue, USD Million; 2012 - 2020)
North America
Europe
Asia Pacific
RoW

 Table of Contents
                                                  

Chapter 1 Executive Summary

                1.1 Smart Meters - Industry Summary & Critical Success Factors (CSFs)            

Chapter 2 Smart Meters Industry Outlook                                                    

                2.1 Market Segmentation                                          

                2.2 Market Size and Growth Prospects

                2.3 Smart Meters Value Chain Analysis                                            

                2.4 Smart Meters Market Dynamics                                                             

                2.5 Key Opportunities Prioritized                                           

                2.6 Industry Analysis - Porter's

                2.7 Smart Meters - Regulatory Landscape

                2.8 Smart Meters - Company Market Share Analysis

                2.9 Smart Meters - PESTEL Analysis           

Chapter 3 Smart Meters Application Outlook                                                           

                3.1 Residential

                3.2 Commercial

                3.3 Industrial

Chapter 4 Smart Meters Regional Outlook                                                   

                4.1 North America

                4.2 Europe

                4.3 Asia Pacific

                4.4 RoW         

Chapter 5  Smart Meters Competitive Landscape

                5.1 Itron

                    5.1.1  Company Overview

                    5.1.2 Financial Performance

                    5.1.3 Product Benchmarking

                    5.1.4 Strategic Initiatives

                5.2 Landis+Gyr

                    5.2.1 Company Overview

                    5.2.2 Financial Performance

                    5.2.3 Product Benchmarking

                    5.2.4 Strategic Initiatives

                5.3  Holley Metering Ltd.

                    5.3.1 Company Overview

                    5.3.2 Financial Performance

                    5.3.3 Product Benchmarking

                    5.3.4 Strategic Initiatives

                5.4 Jiangsu Linyang Electronics, Co., Ltd.

                    5.4.1 Company Overview

                    5.4.2 Financial Performance

                    5.4.3 Product Benchmarking

                    5.4.4 Strategic Initiatives

                5.5  General Electric

                    5.5.1 Company Overview

                    5.5.2 Financial Performance

                    5.5.3 Product Benchmarking

                    5.5.4 Strategic Initiatives

                5.6  Siemens AG

                    5.6.1 Company Overview

                    5.6.2 Financial Performance

                    5.6.3 Product Benchmarking

                    5.6.4 Strategic Initiatives

                5.7 Delixi Group Co. Ltd.

                    5.7.1 Company Overview

                    5.7.2 Financial Performance

                    5.7.3 Product Benchmarking

                    5.7.4 Strategic Initiatives

                5.8 Schneider Electric SA

                    5.8.1 Company Overview

                    5.8.2 Financial Performance

                    5.8.3 Product Benchmarking

                    5.8.4 Strategic Initiatives

                5.9  EDMI Ltd.

                    5.9.1 Company Overview

                    5.9.2 Financial Performance

                    5.9.3 Product Benchmarking

                    5.9.4 Strategic Initiatives

                5.10 Iskraemeco

                    5.10.1 Company Overview

                    5.10.2 Financial Performance

                    5.10.3 Product Benchmarking

                    5.10.4 Strategic Initiatives

                5.11 Sentec Ltd.

                    5.11.1 Company Overview

                    5.11.2 Financial Performance

                    5.11.3 Product Benchmarking

                    5.11.4 Strategic Initiatives                                  

Chapter 6 Methodology & Scope                                          

                6.1 Research Methodology                                       

                6.2 Research Scope & Assumptions                                     

                6.3 List of Data Sources                                            


List of Tables


Global Smart Meters Market (Volume & Revenue), 2012 - 2020
Global Smart Meters Volume by Region (Million Units), 2012 - 2020
Global Smart Meters Market Revenue by Region (USD Million), 2012 - 2020
Global Smart Meters Market Volume by Application (Million Units), 2012 - 2020
Global Smart Meters Market Revenue by Application (USD Million), 2012 - 2020
Global Residential Smart Meters demand (Volume & Revenue), 2012 - 2020
Global Residential Smart Meters demand by region (Volume), 2012 - 2020
Global Residential Smart Meters demand by region (Revenue), 2012 - 2020
Global Commercial Smart Meters demand (Volume & Revenue), 2012 - 2020
Global Commercial Smart Meters demand by region (Volume), 2012 - 2020
Global Commercial Smart Meters demand by region (Revenue), 2012 - 2020
Global Industrial Smart Meters demand (Volume & Revenue), 2012 - 2020
Global Industrial Smart Meters demand by region (Volume), 2012 - 2020
Global Industrial Smart Meters demand by region (Revenue), 2012 - 2020
North America Smart Meters market by application (Million Units), 2012 - 2020
North America Smart Meters market by application (USD Million), 2012 - 2020
Europe Smart Meters market by application (Million Units), 2012 - 2020
Europe Smart Meters market by application (USD Million), 2012 - 2020
Asia Pacific Smart Meters market by application (Million Units), 2012 - 2020
Asia Pacific Smart Meters market by application (USD Million), 2012 - 2020
RoW Smart Meters market by application (Million Units), 2012 - 2020
RoW Smart Meters market by application (USD Million), 2012 - 2020
Global Smart Meters Market - Competitive Landscape

List of Figures

Smart Meters - Industry Summary & Critical Success Factors (CSFs)
Smart Meters Market Segmentation
Global Smart Meters Market (Volume & Revenue), 2012 - 2020
Smart Meters Value Chain Analysis
Smart Meters Market Dynamics
Smart Meters Company Market Share Analysis, 2012
Key Opportunities Prioritized
Industry Analysis - Porter's
Smart Meters PESTEL Analysis, 2012
Smart Meters market volume share by end-use, 2012 & 2020
Global Residential Smart Meters market demand (Volume & Revenue), 2012 - 2020
Global Commercial Smart Meters market demand (Volume & Revenue), 2012 - 2020
Global Industrial Smart Meters market demand (Volume & Revenue), 2012 - 2020
Smart Meters market volume share by region, 2012 & 2020
North America Smart Meters market volume, by application, 2012 - 2020
North America Smart Meters market revenue, by application, 2012 - 2020
Europe Smart Meters market volume, by application, 2012 - 2020
Europe Smart Meters market revenue, by application, 2012 - 2020
Asia Pacific Smart Meters market volume, by application, 2012 - 2020
Asia Pacific Smart Meters market revenue, by application, 2012 - 2020
RoW Smart Meters market volume, by application, 2012 - 2020
RoW Smart Meters market revenue, by application, 2012 - 2020
Research methodology