Smart Meters Market Analysis by Competitive Intelligence and Company Profiles | Growth Challenges, Opportunities And Forthcoming Developments and Forecast 2023

The Global Smart meters market was valued at US$ 13.8 Bn in 2018 and is expected to reach US$ 22.8 Bn by the end of the forecast period, growing at a CAGR of 10.6% during the period from 2018 to 2023.

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The notable players operating in the global Smart Meters Market are Kamstrup A/S (Denmark), Honeywell (U.S.), Itron Inc. (U.S.), Toshiba Corporation (Japan), Landis+Gyr (Switzerland), SAGEMCOM (France), and Holley Metering Ltd., amongst others.

The company profiles will include key information about companies such as company description, base of operations, operational presence, product/business portfolio, employee strength, list of key stakeholders and board of directors, organizational structure, key competitors and their details, financial information such as revenue growth, profit margin, market capitalization, market positioning of key players, share price comparison, SWOT analysis, key developments, business strategies, and analysts’ views. The information for individual companies has been derived through financial reports, paid databases, and company news articles, among others.

Landis+Gyr is one of the leading players in the smart meters market globally. The company recorded net revenue of USD 1.7 billion as of 31st March 2018. The 4.7% increase in its net revenue was mainly driven by the continued demand for its smart metering products and solutions. The company has a strong presence in the Americas and the Asia-Pacific region. The company aims to leverage organic growth strategies and continue to build its position as one of the market leaders. The company said in its annual report that it would continue to cultivate close relationships through regional and local presence, to take advantage of the opportunities that will develop as the market makes the transition to smart grid and the next generation of smart meters.

Most of the players in the smart meters market are banking upon the various government initiatives taken in different regions for smart meter deployment. However, most of these companies are struggling to register a significant growth, as there is huge competition in the market, particularly from regional players in countries such as China and India.

Suntront is one of the leading manufacturers of smart meters in China. The company’s total annual production capacity for smart meters exceeds 4 million units. Larsen and Toubro is one of the smart meter manufacturers in India. Since these players offer cheaper alternatives to the products present in the international markets, they are being preferred in the local markets.

The companies operating in the market are trying to diversify into a broader range of Internet-of-Things applications such as managing street lights in smart city initiatives. Additionally, the companies can adopt inorganic growth strategies in order to drive downs costs and increase sales.

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Recent Developments in the Market:
Landis+Gyr: In June 2017, Landis+Gyr signed a major AMI service contract with Caruna Oy. Landis+Gyr, a global leader in smart metering solutions, has signed a contract for the maintenance 650,000 residential meters. The company will take full operational responsibility for the meters and manage and collect hourly consumption and power quality data from residential meters. This partnership will help Landis+Gyr to extend its service as a business in Europe.

Sagemcom: In July 2017, Sagemcom has strengthened its position in the multi-energy market. Sagemcom has acquired Meter Italia S.p.A with the aim to strengthen its position in smart meters market. Meter Italia S.p.A. has a complete portfolio of both traditional and smart gas meters for residential use. This acquisition will help Sagemcom to access and enter the increasing smart gas metering market.

• Who are the key competitors of companies with respect to their products, revenue, geographical presence, and market positioning?
• How is a particular company performing against its competitors?
• What are the Strengths, Weaknesses, Opportunities, and Challenges for major companies in the market?
• What are the strategies for growth adopted by the companies in the market?
• What is the market positioning of the players with respect to their business strength and product portfolio?
• What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)
• How is the market players’ presence with respect to region and segment?
• Who are the key customers of the market?

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Related Reports on Smart Meters Market:
Global Smart Meters Market Full Report
Global Smart Meters Market Summary Report
Global Smart Meters Market Segmentation Report
Global Smart Meters Market Regional Report
Global Smart Meters Market Statbook

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