세계의 스마트 미터 시장 : 제품별, 컴포넌트별, 기술별, 통신 기술별, 용도별-예측(2025-2030년)

The Smart Meter Market was valued at USD 17.38 billion in 2023, expected to reach USD 18.59 billion in 2024, and is projected to grow at a CAGR of 7.30%, to USD 28.47 billion by 2030.

The term "smart meter" refers to an advanced metering device that automates the recording of energy consumption in a more granular manner, allowing for two-way communication between the meter and energy suppliers. The necessity for smart meters stems from their ability to enhance energy efficiency, reduce energy costs, and optimize grid management, thus serving as a central element in smart grid infrastructure. They find applications in residential, commercial, and industrial sectors, each benefiting from the real-time data analytics for demand response and load management. The scope of smart meter end-use includes electricity, water, and gas utilities, aiming to revolutionize how these are measured and billed.

Growth in the smart meter market is influenced by factors such as government regulations mandating energy efficiency, increasing global energy demand, and technological advancements in wireless communication and data management. Recent opportunities lie in emerging markets where energy infrastructure is being modernized, alongside the integration of IoT and AI in predictive analytics. However, challenges such as high installation costs, data privacy concerns, and resistance to change by certain segments of the population can hinder market growth. To capitalize on potential opportunities, companies should invest in R&D focusing on cost-effective technologies and robust cybersecurity measures.

Innovation should target interoperability between smart meters and home automation systems, as well as advancements in blockchain for secure energy trades. Tailoring solutions for localized needs in developing countries where grid reliability is low also presents a significant area for growth. Continuous innovation in simplifying the user interface will foster wider acceptance and utilization. The market for smart meters is dynamic, driven by regulatory frameworks and technological evolution, but calls for strategic collaboration across stakeholders to streamline deployment and focus on holistic smart grid integration. Businesses leveraging data analytics and enhancing consumer engagement can position themselves at the forefront of this evolving industry.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Smart Meter Market

The Smart Meter Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

• Market Drivers
  • Increasing need for efficient data monitoring systems coupled with favorable government policies
  • Growing penetration of smart meters for electric vehicles and grid integration
  • Emerging potential of smart grids and energy efficiency in developing industries
• Market Restraints
  • High setup and operational cost of smart meters
• Market Opportunities
  • Technological advancement and new development in smart meters
  • Rising investment in smart grid projects and rising emphasis on renewable energy sources
• Market Challenges
  • Concerns associated with cybersecurity and data privacy

Porter's Five Forces: A Strategic Tool for Navigating the Smart Meter Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Smart Meter Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Smart Meter Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Smart Meter Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Smart Meter Market

A detailed market share analysis in the Smart Meter Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Smart Meter Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Smart Meter Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Smart Meter Market

A strategic analysis of the Smart Meter Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Smart Meter Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Aclara Technologies LLC by Hubbell Incorporated, Aichi Tokei Denki Co., Ltd., Apator S.A., Aqua Analytics, Arad Group, Azbil Kimmon Co. Ltd., Badger Meter Inc., Baylan Water Meters, Diehl Stiftung & Co. KG, EMH Metering GmbH & Co. KG, General Electric Company, Genus Power Infrastructures Limited, Hexing Electric Company Limited, Holley Technology Ltd., Honeywell International Inc., Iskraemeco Group, Itron Inc., Jabil Inc., Jiangsu Linyang Energy Co. Ltd., Kamstrup A/S, Lakshmi Electrical Control Systems Ltd., Landis+ GYR Group AG by Toshiba Corporation of Japan, Larsen & Toubro Limited, Microchip Technology Incorporated, Mueller Water Products Inc., Namjun Co., Ltd., Networked Energy Services Corporation, Ningbo Sanxing Electric Co.,Ltd., Ningbo Water Meter (Group) Co., Ltd., Osaki Electric Co., Ltd., Peltek India, Pietro Fiorentini S.p.a., Sagemcom Group, Schneider Electric SE, Secure Meters Ltd., Shenzhen Kaifa Technology Co., Ltd., Siemens AG, Silicon Laboratories by Skyworks Solutions, Inc., Suntront Tech Co.,Ltd. by Benchmark Electronics Inc., Wasion International, WAVIoT Integrated Systems LLC, Wenling Younio Water Meter Co., Ltd., Xemex N.V., Xylem Inc., Zenner International GmbH & Co. KG, and ZPA Smart Energy a.s..

Market Segmentation & Coverage

This research report categorizes the Smart Meter Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Based on Product, market is studied across Smart Electric Meter, Smart Gas Meter, and Smart Water Meter.
• Based on Component, market is studied across Hardware, Services, and Software.
• Based on Technology, market is studied across Advanced Metering Infrastructure and Automatic Meter Reading.
• Based on Communication Technolog, market is studied across Cellular, Power Line Communication, Radio Frequency, and Wi-Fi.
• Based on Application, market is studied across Commercial, Industrial, and Residential.
• Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Increasing need for efficient data monitoring systems coupled with favorable government policies
    • 5.1.1.2. Growing penetration of smart meters for electric vehicles and grid integration
    • 5.1.1.3. Emerging potential of smart grids and energy efficiency in developing industries
  • 5.1.2. Restraints
    • 5.1.2.1. High setup and operational cost of smart meters
  • 5.1.3. Opportunities
    • 5.1.3.1. Technological advancement and new development in smart meters
    • 5.1.3.2. Rising investment in smart grid projects and rising emphasis on renewable energy sources
  • 5.1.4. Challenges
    • 5.1.4.1. Concerns associated with cybersecurity and data privacy
• 5.2. Market Segmentation Analysis
  • 5.2.1. Product: Burgeoning adoption of smart water meters essential for their conservation potential and environmental advantages
  • 5.2.2. Application: Expanding utilization of smart meters in the industrial sector facilitating detailed consumption analysis down to specific machinery and processes
  • 5.2.3. Product: Need for smart electric meter to achieve energy efficiency and facilitate grid modernization
  • 5.2.4. Application: Consumer awareness regarding sustainability and eco-consciousness propelling the adoption of smart meters in residential settings
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Smart Meter Market, by Product

• 6.1. Introduction
• 6.2. Smart Electric Meter
• 6.3. Smart Gas Meter
• 6.4. Smart Water Meter

7. Smart Meter Market, by Component

• 7.1. Introduction
• 7.2. Hardware
• 7.3. Services
• 7.4. Software

8. Smart Meter Market, by Technology

• 8.1. Introduction
• 8.2. Advanced Metering Infrastructure
• 8.3. Automatic Meter Reading

9. Smart Meter Market, by Communication Technolog

• 9.1. Introduction
• 9.2. Cellular
• 9.3. Power Line Communication
• 9.4. Radio Frequency
• 9.5. Wi-Fi

10. Smart Meter Market, by Application

• 10.1. Introduction
• 10.2. Commercial
• 10.3. Industrial
• 10.4. Residential

11. Americas Smart Meter Market

• 11.1. Introduction
• 11.2. Argentina
• 11.3. Brazil
• 11.4. Canada
• 11.5. Mexico
• 11.6. United States

12. Asia-Pacific Smart Meter Market

• 12.1. Introduction
• 12.2. Australia
• 12.3. China
• 12.4. India
• 12.5. Indonesia
• 12.6. Japan
• 12.7. Malaysia
• 12.8. Philippines
• 12.9. Singapore
• 12.10. South Korea
• 12.11. Taiwan
• 12.12. Thailand
• 12.13. Vietnam

13. Europe, Middle East & Africa Smart Meter Market

• 13.1. Introduction
• 13.2. Denmark
• 13.3. Egypt
• 13.4. Finland
• 13.5. France
• 13.6. Germany
• 13.7. Israel
• 13.8. Italy
• 13.9. Netherlands
• 13.10. Nigeria
• 13.11. Norway
• 13.12. Poland
• 13.13. Qatar
• 13.14. Russia
• 13.15. Saudi Arabia
• 13.16. South Africa
• 13.17. Spain
• 13.18. Sweden
• 13.19. Switzerland
• 13.20. Turkey
• 13.21. United Arab Emirates
• 13.22. United Kingdom

14. Competitive Landscape

• 14.1. Market Share Analysis, 2023
• 14.2. FPNV Positioning Matrix, 2023
• 14.3. Competitive Scenario Analysis
  • 14.3.1. SAT Private Limited secures USD 2.5 million investment from Filtrum LLP to enhance smart meter innovation and expand market reach
  • 14.3.2. RMC switchgears wins USD 6.8 million contract for SMC meter enclosures to advance India's smart metering market and RDSS initiative
  • 14.3.3. Salzer Electronics launches major manufacturing push with new smart meter facility in India
  • 14.3.4. Xcel Launches Smart Meter Changeover
  • 14.3.5. Xylem Launches New Smart Meter With Grid-Edge, EV Charging Data Capabilities
  • 14.3.6. Badger Meter Acquires Syrinix
• 14.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. ABB Ltd.
• 2. Aclara Technologies LLC by Hubbell Incorporated
• 3. Aichi Tokei Denki Co., Ltd.
• 4. Apator S.A.
• 5. Aqua Analytics
• 6. Arad Group
• 7. Azbil Kimmon Co. Ltd.
• 8. Badger Meter Inc.
• 9. Baylan Water Meters
• 10. Diehl Stiftung & Co. KG
• 11. EMH Metering GmbH & Co. KG
• 12. General Electric Company
• 13. Genus Power Infrastructures Limited
• 14. Hexing Electric Company Limited
• 15. Holley Technology Ltd.
• 16. Honeywell International Inc.
• 17. Iskraemeco Group
• 18. Itron Inc.
• 19. Jabil Inc.
• 20. Jiangsu Linyang Energy Co. Ltd.
• 21. Kamstrup A/S
• 22. Lakshmi Electrical Control Systems Ltd.
• 23. Landis+ GYR Group AG by Toshiba Corporation of Japan
• 24. Larsen & Toubro Limited
• 25. Microchip Technology Incorporated
• 26. Mueller Water Products Inc.
• 27. Namjun Co., Ltd.
• 28. Networked Energy Services Corporation
• 29. Ningbo Sanxing Electric Co.,Ltd.
• 30. Ningbo Water Meter (Group) Co., Ltd.
• 31. Osaki Electric Co., Ltd.
• 32. Peltek India
• 33. Pietro Fiorentini S.p.a.
• 34. Sagemcom Group
• 35. Schneider Electric SE
• 36. Secure Meters Ltd.
• 37. Shenzhen Kaifa Technology Co., Ltd.
• 38. Siemens AG
• 39. Silicon Laboratories by Skyworks Solutions, Inc.
• 40. Suntront Tech Co.,Ltd. by Benchmark Electronics Inc.
• 41. Wasion International
• 42. WAVIoT Integrated Systems LLC
• 43. Wenling Younio Water Meter Co., Ltd.
• 44. Xemex N.V.
• 45. Xylem Inc.
• 46. Zenner International GmbH & Co. KG
• 47. ZPA Smart Energy a.s.