Electricity Meters Market, By Type, By Technology, By End User, By Geography

Description

Global electricity meters market is estimated to be valued at US$ 9.62 Bn in 2024 and is expected to reach US$ 15.41 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 9.62 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	7.00%	2031 Value Projection:	US$ 15.41 Bn

Figure. Electricity Meters Market Share (%), By Region, 2024

Electricity meters are devices that record the amount of electric energy consumed by residential, commercial, and industrial users. Conventionally, these meters had analog mechanisms to record consumption. However, with advancements in technology, smart electricity meters have been gaining traction. Smart meters record consumption digitally at pre-set intervals and transmit the data to utility providers. They enable two-way communication between the meter and central system, allowing remote meter reading, outage notification, and load management. Development of smart grids has boosted adoption of smart electricity meters that can support integrated communication networks.

Market Dynamics:

Global electricity meters market growth is primarily driven by ongoing infrastructure modernization initiatives by utilities and governments worldwide. Replacement of aging analog networks with advanced metering infrastructure (AMI) has been a key focal area. Growing adoption of decentralized renewable energy and emphasis on energy efficiency through demand response programs can boost meter installation rates. However, high initial installation costs associated with AMI rollouts can hamper the market growth. Data privacy and security concerns related to networked meters can also hamper the market growth. Meanwhile, technological advancements in communication infrastructure, remote connectivity solutions, and meter data management systems are widening the scope of application. Penetration of smart grid projects and integration of electric vehicle charging infrastructure with smart meter networks present lucrative opportunities for manufacturers.

Key features of the study:

This report provides in-depth analysis of the global electricity meters market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global electricity meters market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Siemens AG, Schneider Electric SE, Itron, Inc., Landis+Gyr, General Electric Company, Honeywell International Inc., Sensus (Xylem Inc.), Elster Group GmbH, Kamstrup A/S, Mitsubishi Electric Corporation, Iskraemeco d.d., Aclara Technologies LLC, Echelon Corporation, Wasion Group Holdings Ltd., and Datang Telecom Technology Co., Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global electricity meters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electricity meters market

Detailed Segmentation-

By Type Insights (Revenue, US$ Bn, 2019 - 2031)
- Smart Meters
- Analog Meters
- Digital Meters
By Technology Insights (Revenue, US$ Bn, 2019 - 2031)
- Advanced Metering Infrastructure (AMI)
- Automated Meter Reading (AMR)
By End User Insights (Revenue, US$ Bn, 2019 - 2031)
- Residential
- Commercial
- Industrial
Regional Insights (Revenue, US$ Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Siemens AG
- Schneider Electric SE
- Itron, Inc.
- Landis+Gyr
- General Electric Company
- Honeywell International Inc.
- Sensus (Xylem Inc.)
- Elster Group GmbH
- Kamstrup A/S
- Mitsubishi Electric Corporation
- Iskraemeco d.d.
- Aclara Technologies LLC
- Echelon Corporation
- Wasion Group Holdings Ltd.
- Datang Telecom Technology Co., Ltd.

Product Code: CMI4770

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Technology
- Market Snippet, By End User
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Electricity Meters Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Smart Meters
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Analog Meters
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Digital Meters
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Electricity Meters Market, By Technology, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Advanced Metering Infrastructure (AMI)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Automated Meter Reading (AMR)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Electricity Meters Market, By End User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Commercial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Industrial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Electricity Meters Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Israel
  - GCC Countries
  - Rest of the Middle East
Africa
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Technology, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Company Profiles
- Siemens AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Schneider Electric SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Itron, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Landis+Gyr
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Electric Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Honeywell International Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Sensus (Xylem Inc.)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Elster Group GmbH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kamstrup A/S
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mitsubishi Electric Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Iskraemeco d.d.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Aclara Technologies LLC
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Echelon Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Wasion Group Holdings Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Datang Telecom Technology Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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