Smart Meters Market Expected to Grow at 28.6 Billion In Revenue by 2025
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The Global Smart Meters Market size is projected to reach USD 28.6 Billion by 2025 from estimated revenue of USD 20.7 Billion in 2020, at a CAGR of 6.7% during the forecast period. This report spread across 180 pages, profiling 10 companies and supported with tables and figures are now available in this research.
Top Key Players profiled in the Smart Meters Market:
o Schneider Electric (France)
o Landis+Gyr (Switzerland)
o Itron (US)
o Siemens (Germany)
o Wasion Group (China)
o Badger Meter (US)
o Sensus (Xylem) (US)
"Smart electric meters segment by type is expected to dominate the global smart meters market."
The electric segment is expected to be the largest market, by type, during the forecast period. The growth is evident owing to the rising demand for highly accurate, fast, and precise, smart electric meters for dynamic pricing and increased billing transparency for consumers across North America, Europe, and Asia Pacific region.
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"By communication type, cellular is expected to dominate the smart meters market. "
The cellular segment of the market, by communication type, is estimated to be the largest during the forecast period. The growth is attributed to substantial investments for the development of robust telecommunication infrastructure that can be used for smart meter operations in regions such as North America, Europe, and Asia Pacific. The demand for cellular communication technology is driven further by the need for real-time utility consumption analysis.
"By region, Asia Pacific is expected to lead the smart meters market in terms of value."
Asia Pacific is the largest market for smart meters globally, followed by North America and Europe. The market is also projected to be the fastest-growing during the forecast period owing to rising investments and planned government smart meter rollout plans in countries such as China, Japan, and India.
Breakdown of primary participants' profile:
o By Company Type: Tier I-59%, Tier II-26%, and Tier III-15%
o By Designation: C-Level-62%, Director Level-20%, and Others-18%
o By Region: Europe -71%, North America -20%, and Asia Pacific -9%
Competitive Landscape of Smart Meters Market:
2. Competitive Leadership Mapping
2.1.1. Visionary Leaders
2.1.2. Dynamic Differentiators
2.1.3. Emerging Companies
3. Competitive Situation & Trends
3.1. Market Share/Ranking Of Top 5 Companies
3.2. Contracts & Agreements
3.4. Mergers & Acquisitions/Joint Ventures
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The report defines, describes, and forecasts the smart meters market, by type, communication type, component, technology, and region. It also offers detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the smart meters market.
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