Smart Metering Systems Market Outlook By 2024 Leading Key Players - Iskraemco, Sensus, Badger Meter, Itron, Landis+Gyr, Apator, Kamstrup, Osaki, Schneider, Siemens, Circutor, Honeywell International, Neptune, Aclara

Market Overview: -

As reported in the latest study by Global Market Insights, Inc., Global Smart Metering Systems Market size is predicted to exceed USD 21 billion by 2024. Introduction of several government plans and incentives to promote the adoption of energy efficient system will drive the industry growth. Several countries have introduced regulatory directives to promote the installation of AMI meters as a part of energy conservation initiatives. In 2016, Berea (Ohio) partnered with Badger Meter and NECO, a metering firm for the development of smart water meters project. Implementation of fiscal incentives along with the government plans to replace the existing meters will drive the smart metering systems market size. Several countries have enforced regulatory directives to accelerate the deployment of AMI meters as a part of their energy conservation initiatives. In 2016, the U.S. city of Berea in Ohio partnered with metering firm NECO and Badger Meter, a metering solutions company for the rollout of smart water meters project.

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Top Key Players:

Eminent players across the smart metering systems market include Iskraemco, Sensus, Badger Meter, Itron, Landis+Gyr, Apator, Kamstrup, Osaki, Schneider, Siemens, Circutor, Honeywell International, Neptune and Aclara.

Market share calculation in this report is not done based on companies covered in it. The calculation of smart metering systems market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

The U.S. smart metering systems market is predicted to exceed USD 3 Billion by 2024. Stringent regulatory framework to achieve energy savings along with ongoing measures to replace the conventional meters will augment the industry landscape. For instance, the California Public Utilities Commission (CPUC) has sanctioned the investor-owned utilities to replace conventional meters with intelligent meters to ensure customer control over the energy usage. The Southern California Edison has been authorized by CPUC for the installation of approximately 5.3 million smart meters.

Australia smart metering systems market size is projected to grow over 16% by 2024. Favorable measures coupled with government policies toward energy conservation will stimulate the industry landscape. In 2017, Power of Choice reform introduced by the government of Australia to provide AMI to end users across the country.

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Partial Chapter of the Table of Content

Chapter 3 Smart Metering Systems Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Technology & Innovation landscape
3.4.1 Itron
3.4.2 Landis+Gyr’
3.4.3 Honeywell
3.4.4 Sensus
3.4.5 Badger Meter
3.4.6 Kamstrup
3.4.7 Silver Spring Networks, Inc.
3.4.8 Norstar Systems
3.4.9 Other innovations
3.5 Regulatory landscape
3.5.1 Smart water metering systems market
3.5.1.1 U.S.
3.5.1.1.1 DEP/HPD Water Conservation
3.5.1.1.2 The Reimbursable Metering Program
3.5.1.2 Europe
3.5.1.2.1 European Legal framework
3.5.1.2.2 Key Policy Developments: Non-revenue Water (NRW)
3.5.1.2.3 New Zealand
3.5.1.3 Smart Water Metering Plans
3.5.1.3.1 U.S.
3.5.1.3.2 Australia
3.5.1.3.3 UK
3.5.2 Smart electric metering systems market
3.5.2.1 U.S.
3.5.2.1.1 American Recovery and Reinvestment Act (ARRA)
3.5.2.2 UK
3.5.2.2.1 The Smart Metering Implementation Programme
3.5.2.2.2 The Smart Energy Code
3.5.2.2.3 The Energy Efficiency Directive
3.5.2.3 Sweden
3.5.2.4 Germany
3.5.2.5 France
3.5.2.6 Ireland
3.5.2.6.1 The National Smart Metering Programme
3.5.2.7 Netherlands
3.5.2.8 Italy
3.5.2.9 Japan
3.5.2.9.1 Fourth Basic Energy Plan
3.5.3 Smart gas metering systems market
3.5.3.1 U.S.
3.5.3.2 UK
3.5.3.3 Germany
3.5.3.4 France
3.5.3.5 Ireland
3.5.3.6 Netherlands
3.5.3.6.1 Legal and Regulatory Status
3.5.3.6.2 Implementation Status
3.5.3.7 Luxembourg
3.5.3.7.1 Legal and Regulatory Status
3.5.3.7.2 Implementation Status
3.5.3.8 Italy
3.5.3.8.1 Legal and regulatory status
3.5.3.9 Japan
3.5.4 Regulations for China & Canada
3.5.4.1 Canada
3.5.4.1.1 Laws and requirements
3.5.4.1.2 Investment
3.5.4.1.3 The Ontario Smart Metering Initiative
3.5.4.2 China
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Smart electric metering system
3.6.1.1.1 Favourable government regulations
3.6.1.1.2 Renewable energy integration to smart grid infrastructure
3.6.1.1.3 Effective consumption pattern mapping
3.6.1.1.4 Rising demand for renewable energy and effective transmission facilities
3.6.1.1.5 Better security against electricity theft
3.6.1.2 Smart gas metering systems
3.6.1.2.1 Workforce management and operational efficiency
3.6.1.2.2 Accuracy & savings in billings
3.6.1.3 Smart water metering systems
3.6.1.3.1 Non-revenue water (NRW) monitoring and control
3.6.1.3.2 Emerging Intelligent sustainable water management solutions
3.6.1.3.3 Accuracy & savings in billings
3.6.1.3.4 Effective monitoring of consumption patterns
3.6.2 Industry pitfalls & challenges
3.6.2.1 High initial investments
3.6.2.2 Privacy concerns
3.7 Growth potential analysis
3.8 Price trend analysis, by region
3.9 Technology trends
3.9.1 Automatic Meter Infrastructure (AMI)
3.9.2 Automatic Meter Reading (AMR)
3.10 Porter’s Analysis
3.11 Competitive landscape, 2016
3.11.1 Strategy dashboard
3.11.1.1 Itron
3.11.1.1.1 Product development
3.11.1.1.2 Acquisition
3.11.1.1.3 Strategic alliances
3.11.1.2 Honeywell
3.11.1.2.1 Acquisition
3.11.1.2.2 Product launch
3.11.1.2.3 Long term contracts
3.11.1.3 EDMI
3.11.1.3.1 Strategic partnership
3.11.1.3.2 Product launch
3.11.1.4 Kamstrup
3.11.1.4.1 Expansion
3.11.1.4.2 Collaboration
3.11.1.5 Sensus
3.11.1.5.1 Expansion
3.11.1.6 Badger Meter
3.11.1.6.1Acquisition
3.11.1.7 Aclara Technologies
3.11.1.8 Xylem
3.12 PESTEL Analysis

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Growing adoption of sustainable technologies along with technological advancement will fuel the UK smart metering systems market. Implementation of automated data management (ADM) systems across the digital electronic sector will further propel the industry landscape. Government policies toward the energy conservation and environmental sustainability will enhance the product penetration.

AMR smart metering systems market is anticipated to witness growth owing to its ability to transfer energy consumption data from users to utilities and lower cost index. Shorter installation time, immediate fault detection and remote access are some of the prominent features which will enhance the product penetration. Increasing spending toward renewable energy and smart grid network coupled with growing deployment of IT enabled systems will further drive the business landscape.

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