Summary

Smart Electricity Meter Market
The smart electricity meter market was valued at $17.7 billion in 2023 and is projected to reach $34.3 billion by 2033, growing at a CAGR of 6.9% from 2024 to 2033.
A smart electricity meter digitally measures & records the consumption of electricity in residential and commercial spaces in real time, offering comprehensive insights into consumption patterns and helping consumers to optimize their usage & reduce billing. The key features of smart electricity meters include remote two-way communication, automated billing, integration into smart home systems, and advanced security protocols.
Increase in concerns regarding upsurging electricity consumption has fueled the adoption of smart meters owing to their ability to facilitate energy efficiency through real-time monitoring. Furthermore, rise in the usage of the Internet of Things devices has necessitated the management of electricity consumption, which boosts the usage of smart meters and propels the development of the market. An emerging trend poised to acquire traction in the coming years is the integration of AI capabilities into the meter to enhance utility operations through predictive maintenance. Moreover, AI enables the integration of smart meters with blockchain technology to prevent energy theft.

However, the higher cost of smart electricity meters as compared to the conventional ones deters several budget-sensitive consumers and organizations from investing in them, thereby hampering the development of the market. In addition, synchronizing the advanced smart meters with the existing infrastructure requires significant expertise owing to the technical complexities. Due to lack of skilled technicians and probability of improper implementation the growth of the smart electricity meter market is restrained notably. Contrarily, rise in the usage of renewable sources to meet the energy requirements is projected to present remunerative opportunities for the smart electricity meter market. This is attributed to the essentiality of smart meters for the management and distribution of excess energy generated by solar panels or wind turbines. According to the International Energy Agency, the consumption of renewable energy in the power, heat, and transport sectors is projected to increase by 60% by 2030. This indicates the potential increase in demand for smart meters in the near future.

Segment Review
The smart electricity meter market is segmented into phase type, end-use industry, and region. On the basis of phase type, the market is bifurcated into single phase and three phase. Depending on end-use industry, it is categorized into residential, commercial, and industrial. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings
On the basis of phase type, the single phase segment is expected to dominate the market during the forecast period.
Depending on end-use industry, the residential segment is projected to acquire a notable stake from 2024 to 2033.
Region wise, North America is anticipated to be the highest revenue generator by 2033.

Competition Analysis
The leading players operating in the global smart electricity meter market include Itron Inc., Xylem Inc., Schneider Electric, Siemens, Honeywell International Inc., Hubbell, Tantalus Systems, Jiangsu Linyang Energy Co., and Apator S.A. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.

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● Manufacturing Capacity
● Product Life Cycles
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● Technology Trend Analysis
● Go To Market Strategy
● Market share analysis of players by products/segments
● New Product Development/ Product Matrix of Key Players
● Regulatory Guidelines
● Additional company profiles with specific to client's interest
● Expanded list for Company Profiles
● Historic market data
● Key player details (including location, contact details, supplier/vendor network etc. in excel format)
● SWOT Analysis
Key Market Segments
By Phase Type
● Single Phase
● Three Phase
By End-Use Industry
● Residential
● Commercial
● Industrial
By Region
● North America
○ U.S.
○ Canada
○ Mexico
● Europe
○ France
○ Germany
○ Italy
○ Spain
○ UK
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ South Korea
○ Australia
○ Rest of Asia-Pacific
● LAMEA
○ Brazil
○ South Africa
○ Saudi Arabia
○ Rest of LAMEA
● Key Market Players
○ Itron Inc
○ Xylem Inc.
○ Schneider Electric
○ Siemens
○ Honeywell International Inc
○ Hubbell
○ Tantalus Systems
○ Jiangsu Linyang Energy Co
○ Apator S.A

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET LANDSCAPE
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
CHAPTER 4: SMART ELECTRICITY METER MARKET, BY PHASE TYPE
4.1. Market Overview
4.1.1 Market Size and Forecast, By Phase Type
4.2. Single Phase
4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast, By Region
4.2.3. Market Share Analysis, By Country
4.3. Three Phase
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, By Region
4.3.3. Market Share Analysis, By Country
CHAPTER 5: SMART ELECTRICITY METER MARKET, BY END-USE INDUSTRY
5.1. Market Overview
5.1.1 Market Size and Forecast, By End-use Industry
5.2. Residential
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, By Region
5.2.3. Market Share Analysis, By Country
5.3. Commercial
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, By Region
5.3.3. Market Share Analysis, By Country
5.4. Industrial
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, By Region
5.4.3. Market Share Analysis, By Country
CHAPTER 6: SMART ELECTRICITY METER MARKET, BY REGION
6.1. Market Overview
6.1.1 Market Size and Forecast, By Region
6.2. North America
6.2.1. Key Market Trends and Opportunities
6.2.2. Market Size and Forecast, By Phase Type
6.2.3. Market Size and Forecast, By End-use Industry
6.2.4. Market Size and Forecast, By Country
6.2.5. U.S. Smart Electricity Meter Market
6.2.5.1. Market Size and Forecast, By Phase Type
6.2.5.2. Market Size and Forecast, By End-use Industry
6.2.6. Canada Smart Electricity Meter Market
6.2.6.1. Market Size and Forecast, By Phase Type
6.2.6.2. Market Size and Forecast, By End-use Industry
6.2.7. Mexico Smart Electricity Meter Market
6.2.7.1. Market Size and Forecast, By Phase Type
6.2.7.2. Market Size and Forecast, By End-use Industry
6.3. Europe
6.3.1. Key Market Trends and Opportunities
6.3.2. Market Size and Forecast, By Phase Type
6.3.3. Market Size and Forecast, By End-use Industry
6.3.4. Market Size and Forecast, By Country
6.3.5. France Smart Electricity Meter Market
6.3.5.1. Market Size and Forecast, By Phase Type
6.3.5.2. Market Size and Forecast, By End-use Industry
6.3.6. Germany Smart Electricity Meter Market
6.3.6.1. Market Size and Forecast, By Phase Type
6.3.6.2. Market Size and Forecast, By End-use Industry
6.3.7. Italy Smart Electricity Meter Market
6.3.7.1. Market Size and Forecast, By Phase Type
6.3.7.2. Market Size and Forecast, By End-use Industry
6.3.8. Spain Smart Electricity Meter Market
6.3.8.1. Market Size and Forecast, By Phase Type
6.3.8.2. Market Size and Forecast, By End-use Industry
6.3.9. UK Smart Electricity Meter Market
6.3.9.1. Market Size and Forecast, By Phase Type
6.3.9.2. Market Size and Forecast, By End-use Industry
6.3.10. Rest Of Europe Smart Electricity Meter Market
6.3.10.1. Market Size and Forecast, By Phase Type
6.3.10.2. Market Size and Forecast, By End-use Industry
6.4. Asia-Pacific
6.4.1. Key Market Trends and Opportunities
6.4.2. Market Size and Forecast, By Phase Type
6.4.3. Market Size and Forecast, By End-use Industry
6.4.4. Market Size and Forecast, By Country
6.4.5. China Smart Electricity Meter Market
6.4.5.1. Market Size and Forecast, By Phase Type
6.4.5.2. Market Size and Forecast, By End-use Industry
6.4.6. Japan Smart Electricity Meter Market
6.4.6.1. Market Size and Forecast, By Phase Type
6.4.6.2. Market Size and Forecast, By End-use Industry
6.4.7. India Smart Electricity Meter Market
6.4.7.1. Market Size and Forecast, By Phase Type
6.4.7.2. Market Size and Forecast, By End-use Industry
6.4.8. South Korea Smart Electricity Meter Market
6.4.8.1. Market Size and Forecast, By Phase Type
6.4.8.2. Market Size and Forecast, By End-use Industry
6.4.9. Australia Smart Electricity Meter Market
6.4.9.1. Market Size and Forecast, By Phase Type
6.4.9.2. Market Size and Forecast, By End-use Industry
6.4.10. Rest of Asia-Pacific Smart Electricity Meter Market
6.4.10.1. Market Size and Forecast, By Phase Type
6.4.10.2. Market Size and Forecast, By End-use Industry
6.5. LAMEA
6.5.1. Key Market Trends and Opportunities
6.5.2. Market Size and Forecast, By Phase Type
6.5.3. Market Size and Forecast, By End-use Industry
6.5.4. Market Size and Forecast, By Country
6.5.5. Brazil Smart Electricity Meter Market
6.5.5.1. Market Size and Forecast, By Phase Type
6.5.5.2. Market Size and Forecast, By End-use Industry
6.5.6. South Africa Smart Electricity Meter Market
6.5.6.1. Market Size and Forecast, By Phase Type
6.5.6.2. Market Size and Forecast, By End-use Industry
6.5.7. Saudi Arabia Smart Electricity Meter Market
6.5.7.1. Market Size and Forecast, By Phase Type
6.5.7.2. Market Size and Forecast, By End-use Industry
6.5.8. Rest of LAMEA Smart Electricity Meter Market
6.5.8.1. Market Size and Forecast, By Phase Type
6.5.8.2. Market Size and Forecast, By End-use Industry
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping Of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023
CHAPTER 8: COMPANY PROFILES
8.1. Itron Inc
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. Business Performance
8.1.7. Key Strategic Moves and Developments
8.2. Xylem Inc.
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.2.6. Business Performance
8.2.7. Key Strategic Moves and Developments
8.3. Schneider Electric
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. Business Performance
8.3.7. Key Strategic Moves and Developments
8.4. Siemens
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. Business Performance
8.4.7. Key Strategic Moves and Developments
8.5. Honeywell International Inc
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. Business Performance
8.5.7. Key Strategic Moves and Developments
8.6. Hubbell
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. Business Performance
8.6.7. Key Strategic Moves and Developments
8.7. Tantalus Systems
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.7.6. Business Performance
8.7.7. Key Strategic Moves and Developments
8.8. Jiangsu Linyang Energy Co
8.8.1. Company Overview
8.8.2. Key Executives
8.8.3. Company Snapshot
8.8.4. Operating Business Segments
8.8.5. Product Portfolio
8.8.6. Business Performance
8.8.7. Key Strategic Moves and Developments
8.9. Apator S.A
8.9.1. Company Overview
8.9.2. Key Executives
8.9.3. Company Snapshot
8.9.4. Operating Business Segments
8.9.5. Product Portfolio
8.9.6. Business Performance
8.9.7. Key Strategic Moves and Developments