Smart Meters Market Analysis By Component(Hardware, Software), By Type(Smart Electricity Meter, Smart Gas Meter, Smart Water Meter), By Communication(RF, PLC, Cellular), By Technology(AMI, AMR), By End Use(Residential, Commercial, Industrial) & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 253
- CATEGORY
- Electronics & Communication
The global smart meter’s market size was valued at US$ 20.2 billion in 2021, and anticipated to grow at a CAGR of 9.4 % over the forecast period. Smart metres are technological devices that precisely track how much power, gas, and water are being used. These smart metres can transmit usage data via cellular, RF, and power line communication, assisting the utility provider in efficiently managing energy consumption. Smart metres provide a wide range of advantages, including lower metre reading costs, prevention of disconnection, elimination of billing inefficiencies, and lower reconnection costs for consumers and corporations.
Government regulations and incentives for installing smart metres are the main factors driving the smart metre sector. Utility companies are reluctant to invest in smart metre technology without a government mandate or incentives, according to the US International Trade Commission. Specifically, this is because utilities have low capabilities for capital expenditures. Additionally, utilities might not become aware of the benefits of installing smart metres for a number of years, which would make the investment less attractive in the absence of government incentives. Governments all over the globe have therefore implemented a number of supportive laws and regulations to ensure the successful installation of smart metres and smart grids.
Investments are anticipated to be stimulated by the net-zero objectives, an ambitious strategy for renewable energy, energy utility development plans, and remarkable goals. The International Energy Agency (IEA) reports an increase in global investments in creating or upgrading the digital grid infrastructure. Smart metres are a part of this infrastructure, which is expected to accelerate the market growth.
Compared to traditional metres, the initial expenditure required to build up the infrastructure for smart metres is very high, and it takes more time to achieve high returns on investments. Both energy consumers and utility providers face significant challenges as a result of the enormous capital required. Interoperability difficulties in smart metering devices and components from various OEMs, the need to integrate and upgrade software solutions for better output, and the complexity of smart metre maintenance and repair all raise operational costs and could impede market growth over the course of the forecasted period.
Furthermore, it is anticipated that the market for smart metres will experience profitable expansion over the coming years as a result of rising investment interest in the digitalization of electrical systems and initiatives to enhance grid infrastructures.
Type Insights
By type, the global smart meters market is classified into smart electricity meter, smart gas meter, and smart water meter. The electric smart meters segment accounted for the largest market share in 2021. The government's initiatives to install smart electric metres in every household are the factors driving the segment growth. By correctly monitoring each household's energy usage, this will allow consumers to reduce it and meet the rising global demand for lowering carbon emissions. With the increase in the charging of electric vehicles and the incorporation of renewable energy into the grid, smart electric metres also aid in maintaining the grid's stability.
Communication Insights
In terms of communication, the global smart meters market is segmented into RF, PLC, and Cellular. The cellular segment dominated the market in 2021. For operation, smart metres make use of cellular-based communication networks like the 3G or 4G GPRS. The technology offers benefits including speedy service, affordable investment, and effective performance. This works best in areas where PLC or RF mesh solutions are unavailable or too expensive.
Several nations in Europe and North America have implemented smart metering projects using 3G and 4G technology. The fundamental benefit of employing cellular technology is that the maintenance of the communication network is no longer the responsibility of the utilities. Furthermore, cellular technology offers data at a faster rate and is particularly advantageous in many cities and regions where competition among telecom service providers ensures lower costs and good network reach.
End Use Insights
In terms of end use, the market is bifurcated into residential, commercial, and industrial. Due to rising energy usage, there is an increasing demand for smart metres in the residential sector. Consumer gadgets are widely used in residential areas. As a result, the demand for smart metres among residential end users is rising rapidly.
The industrial segment is projected to grow at a higher CAGR during the projected period owing to rapid industrialization of smart meters market. The demand for smart meters for industrial end users is being boosted by the expansion of manufacturing and construction sectors.
Regional Insights
In terms of region, Asia Pacific region accounted for the largest share in 2021 and is anticipated to continue to lead the global market over the forecast period. The region's adoption of upgraded metres will be accelerated by the widespread usage of smart metering technology for more effective operations and by significant private sector investment. Growing public and private sector investments in developing modern energy management systems that adhere to precise and reliable leak detection will further stimulate the industry landscape in countries like China, Japan, and South Korea.
For instance, according to GSMA, China is investing heavily on infrastructure in order to build a new 40,000 kilometre gas pipeline that will connect 470 million additional people. Such investments offer opportunities for the installation of smart gas metres while taking into account the potential functional benefits of the smart metering infrastructure.
Key Companies Insights
Some of the major companies studied under the market scope are as follows: Itron Inc, Landis+Gyr, Schneider Electric SA, Siemens AG, Badger Meter, EDMI, Holley Metering Limited, Neptune Technology Group Inc, Sensus, Honeywell International Inc, Kaifa Technology, Suntront Technology, Kamstrup Company, Aichi Tokei Denkei, Wasion Group, and Others. Major players operating in the ecosystem experiences strong competition owing to the presence of large number of players on global and regional scale. Further, the various strategies are adopted by these players such as merger and acquisition, new product launch, geographic expansion, research & development for expanding their product portfolio, and others.
In 2021, Kamstrup expanded its portfolio with the launch of the new OMNIA e-meter by adding a meter platform that is solely based on cellular IoT to go along with the current OMNIPOWER RF mesh-based meter platform.
Segments
By Component
· Hardware
· Software
By Type
· Smart Electricity Meter
· Smart Gas Meter
· Smart Water Meter
By Communication
· RF
· PLC
· Cellular
By Technology
· AMI
· AMR
By End Use
· Residential
· Commercial
· Industrial
By Geography
· North America
o U.S.
o Canada
o Mexico
· Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
· Latin America
o Brazil
o Argentina
o Colombia
· MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Smart Meters market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Smart Meters would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Smart Meters Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Smart Meters Revenue
1.4 Market Analysis by Type
1.4.1 Global Smart Meters Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Single-phase smart meter
1.4.3 Three-phase smart meter
1.5 Market by Application
1.5.1 Global Smart Meters Market Share by Application: 2023-2032
1.5.2 Residential application
1.5.3 Commercial application
1.5.4 Industrial application
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Smart Meters Market
1.8.1 Global Smart Meters Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Smart Meters Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Smart Meters Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Smart Meters Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Smart Meters Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Smart Meters Sales Volume Market Share by Region (2017-2022)
3.2 Global Smart Meters Sales Revenue Market Share by Region (2017-2022)
3.3 North America Smart Meters Sales Volume
3.3.1 North America Smart Meters Sales Volume Growth Rate (2017-2022)
3.3.2 North America Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Smart Meters Sales Volume
3.4.1 East Asia Smart Meters Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Smart Meters Sales Volume (2017-2022)
3.5.1 Europe Smart Meters Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Smart Meters Sales Volume (2017-2022)
3.6.1 South Asia Smart Meters Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Smart Meters Sales Volume (2017-2022)
3.7.1 Southeast Asia Smart Meters Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Smart Meters Sales Volume (2017-2022)
3.8.1 Middle East Smart Meters Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Smart Meters Sales Volume (2017-2022)
3.9.1 Africa Smart Meters Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Smart Meters Sales Volume (2017-2022)
3.10.1 Oceania Smart Meters Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Smart Meters Sales Volume (2017-2022)
3.11.1 South America Smart Meters Sales Volume Growth Rate (2017-2022)
3.11.2 South America Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Smart Meters Sales Volume (2017-2022)
3.12.1 Rest of the World Smart Meters Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Smart Meters Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Smart Meters Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Smart Meters Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Smart Meters Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Smart Meters Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Smart Meters Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Smart Meters Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Smart Meters Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Smart Meters Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Smart Meters Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Smart Meters Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Smart Meters Sales Volume Market Share by Type (2017-2022)
14.2 Global Smart Meters Sales Revenue Market Share by Type (2017-2022)
14.3 Global Smart Meters Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Smart Meters Consumption Volume by Application (2017-2022)
15.2 Global Smart Meters Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Smart Meters Business
16.1 Landis+Gyr
16.1.1 Landis+Gyr Company Profile
16.1.2 Landis+Gyr Smart Meters Product Specification
16.1.3 Landis+Gyr Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Itron
16.2.1 Itron Company Profile
16.2.2 Itron Smart Meters Product Specification
16.2.3 Itron Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 GE Digital Energy
16.3.1 GE Digital Energy Company Profile
16.3.2 GE Digital Energy Smart Meters Product Specification
16.3.3 GE Digital Energy Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Siemens
16.4.1 Siemens Company Profile
16.4.2 Siemens Smart Meters Product Specification
16.4.3 Siemens Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Kamstrup
16.5.1 Kamstrup Company Profile
16.5.2 Kamstrup Smart Meters Product Specification
16.5.3 Kamstrup Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Sensus
16.6.1 Sensus Company Profile
16.6.2 Sensus Smart Meters Product Specification
16.6.3 Sensus Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Elster Group
16.7.1 Elster Group Company Profile
16.7.2 Elster Group Smart Meters Product Specification
16.7.3 Elster Group Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Silver Spring Networks
16.8.1 Silver Spring Networks Company Profile
16.8.2 Silver Spring Networks Smart Meters Product Specification
16.8.3 Silver Spring Networks Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Aclara
16.9.1 Aclara Company Profile
16.9.2 Aclara Smart Meters Product Specification
16.9.3 Aclara Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Nuri Telecom
16.10.1 Nuri Telecom Company Profile
16.10.2 Nuri Telecom Smart Meters Product Specification
16.10.3 Nuri Telecom Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Sagemcom
16.11.1 Sagemcom Company Profile
16.11.2 Sagemcom Smart Meters Product Specification
16.11.3 Sagemcom Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 Trilliant
16.12.1 Trilliant Company Profile
16.12.2 Trilliant Smart Meters Product Specification
16.12.3 Trilliant Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.13 Iskraemeco
16.13.1 Iskraemeco Company Profile
16.13.2 Iskraemeco Smart Meters Product Specification
16.13.3 Iskraemeco Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.14 Echelon
16.14.1 Echelon Company Profile
16.14.2 Echelon Smart Meters Product Specification
16.14.3 Echelon Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.15 Tantalus Systems
16.15.1 Tantalus Systems Company Profile
16.15.2 Tantalus Systems Smart Meters Product Specification
16.15.3 Tantalus Systems Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.16 ZIV
16.16.1 ZIV Company Profile
16.16.2 ZIV Smart Meters Product Specification
16.16.3 ZIV Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.17 Sanxing
16.17.1 Sanxing Company Profile
16.17.2 Sanxing Smart Meters Product Specification
16.17.3 Sanxing Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.18 Linyang Electronics
16.18.1 Linyang Electronics Company Profile
16.18.2 Linyang Electronics Smart Meters Product Specification
16.18.3 Linyang Electronics Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.19 Wasion Group
16.19.1 Wasion Group Company Profile
16.19.2 Wasion Group Smart Meters Product Specification
16.19.3 Wasion Group Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.20 Haixing Electrical
16.20.1 Haixing Electrical Company Profile
16.20.2 Haixing Electrical Smart Meters Product Specification
16.20.3 Haixing Electrical Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.21 Techrise Electronics
16.21.1 Techrise Electronics Company Profile
16.21.2 Techrise Electronics Smart Meters Product Specification
16.21.3 Techrise Electronics Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.22 Chintim Instruments
16.22.1 Chintim Instruments Company Profile
16.22.2 Chintim Instruments Smart Meters Product Specification
16.22.3 Chintim Instruments Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.23 XJ Measurement & Control Meter
16.23.1 XJ Measurement & Control Meter Company Profile
16.23.2 XJ Measurement & Control Meter Smart Meters Product Specification
16.23.3 XJ Measurement & Control Meter Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.24 Clou Electronics
16.24.1 Clou Electronics Company Profile
16.24.2 Clou Electronics Smart Meters Product Specification
16.24.3 Clou Electronics Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.25 HND Electronics
16.25.1 HND Electronics Company Profile
16.25.2 HND Electronics Smart Meters Product Specification
16.25.3 HND Electronics Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.26 Longi
16.26.1 Longi Company Profile
16.26.2 Longi Smart Meters Product Specification
16.26.3 Longi Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.27 Hengye Electronics
16.27.1 Hengye Electronics Company Profile
16.27.2 Hengye Electronics Smart Meters Product Specification
16.27.3 Hengye Electronics Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.28 Holley Metering
16.28.1 Holley Metering Company Profile
16.28.2 Holley Metering Smart Meters Product Specification
16.28.3 Holley Metering Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.29 Wellsun Electric Meter
16.29.1 Wellsun Electric Meter Company Profile
16.29.2 Wellsun Electric Meter Smart Meters Product Specification
16.29.3 Wellsun Electric Meter Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.30 Sunrise
16.30.1 Sunrise Company Profile
16.30.2 Sunrise Smart Meters Product Specification
16.30.3 Sunrise Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.31 Xiou International Group
16.31.1 Xiou International Group Company Profile
16.31.2 Xiou International Group Smart Meters Product Specification
16.31.3 Xiou International Group Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.32 Pax Electronic Technlogy
16.32.1 Pax Electronic Technlogy Company Profile
16.32.2 Pax Electronic Technlogy Smart Meters Product Specification
16.32.3 Pax Electronic Technlogy Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.33 Huayi Electronics
16.33.1 Huayi Electronics Company Profile
16.33.2 Huayi Electronics Smart Meters Product Specification
16.33.3 Huayi Electronics Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.34 Changyi Group
16.34.1 Changyi Group Company Profile
16.34.2 Changyi Group Smart Meters Product Specification
16.34.3 Changyi Group Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.35 Gaoke
16.35.1 Gaoke Company Profile
16.35.2 Gaoke Smart Meters Product Specification
16.35.3 Gaoke Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.36 Shenzhen Kaifa Technology
16.36.1 Shenzhen Kaifa Technology Company Profile
16.36.2 Shenzhen Kaifa Technology Smart Meters Product Specification
16.36.3 Shenzhen Kaifa Technology Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.37 Risesun Group
16.37.1 Risesun Group Company Profile
16.37.2 Risesun Group Smart Meters Product Specification
16.37.3 Risesun Group Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.38 Banner
16.38.1 Banner Company Profile
16.38.2 Banner Smart Meters Product Specification
16.38.3 Banner Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.39 Bada Instruments
16.39.1 Bada Instruments Company Profile
16.39.2 Bada Instruments Smart Meters Product Specification
16.39.3 Bada Instruments Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.40 Jinling Intelligent Electric Meter
16.40.1 Jinling Intelligent Electric Meter Company Profile
16.40.2 Jinling Intelligent Electric Meter Smart Meters Product Specification
16.40.3 Jinling Intelligent Electric Meter Smart Meters Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Smart Meters Manufacturing Cost Analysis
17.1 Smart Meters Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Smart Meters
17.4 Smart Meters Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Smart Meters Distributors List
18.3 Smart Meters Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Smart Meters (2023-2032)
20.2 Global Forecasted Revenue of Smart Meters (2023-2032)
20.3 Global Forecasted Price of Smart Meters (2017-2032)
20.4 Global Forecasted Production of Smart Meters by Region (2023-2032)
20.4.1 North America Smart Meters Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Smart Meters Production, Revenue Forecast (2023-2032)
20.4.3 Europe Smart Meters Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Smart Meters Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Smart Meters Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Smart Meters Production, Revenue Forecast (2023-2032)
20.4.7 Africa Smart Meters Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Smart Meters Production, Revenue Forecast (2023-2032)
20.4.9 South America Smart Meters Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Smart Meters Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Smart Meters by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Smart Meters by Country
21.2 East Asia Market Forecasted Consumption of Smart Meters by Country
21.3 Europe Market Forecasted Consumption of Smart Meters by Countriy
21.4 South Asia Forecasted Consumption of Smart Meters by Country
21.5 Southeast Asia Forecasted Consumption of Smart Meters by Country
21.6 Middle East Forecasted Consumption of Smart Meters by Country
21.7 Africa Forecasted Consumption of Smart Meters by Country
21.8 Oceania Forecasted Consumption of Smart Meters by Country
21.9 South America Forecasted Consumption of Smart Meters by Country
21.10 Rest of the world Forecasted Consumption of Smart Meters by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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