Table of Content

1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18

2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 29
2.4 Emerging Opportunities and Market Trends 32
2.5 Porter’s Fiver Forces Analysis 36

3 Segmentation of Global Market by Component 40
3.1 Market Overview by Component 40
3.2 Hardware 42
3.3 Software & Service 43

4 Segmentation of Global Market by Technology 44
4.1 Market Overview by Technology 44
4.2 Automatic Meter Reading (AMR) 46
4.3 Advanced Metering Infrastructure (AMI) 47

5 Segmentation of Global Market by Communication Type 48
5.1 Market Overview by Communication Type 48
5.2 Cellular Technology 50
5.3 Radio Frequency (RF) 51
5.4 Power Line Communication (PLC) 52
5.5 Other Communication Types 53

6 Segmentation of Global Market by Phase 54
6.1 Market Overview by Phase 54
6.2 Single-phase Smart Meters 56
6.3 Three-phase Smart Meters 57

7 Segmentation of Global Market by Specification 58
7.1 Market Overview by Specification 58
7.2 SMETS1 Smart Meters 60
7.3 SMETS2 Smart Meters 61

8 Segmentation of Global Market by Application 62
8.1 Market Overview by Application 62
8.2 Smart Electricity Meters 64
8.3 Smart Gas Meters 65
8.4 Smart Water Meters 66

9 Segmentation of Global Market by End Use 67
9.1 Market Overview by End Use 67
9.2 Residential Use 69
9.3 Commercial Use 70
9.4 Industrial Use 71

10 Segmentation of Global Market by Region 72
10.1 Geographic Market Overview 2020-2027 72
10.2 North America Market 2020-2027 by Country 76
10.2.1 Overview of North America Market 76
10.2.2 U.S. 79
10.2.3 Canada 82
10.2.4 Mexico 84
10.3 European Market 2020-2027 by Country 86
10.3.1 Overview of European Market 86
10.3.2 UK 89
10.3.3 France 91
10.3.4 Germany 93
10.3.5 Spain 95
10.3.6 Italy 97
10.3.7 Russia 99
10.3.8 Rest of European Market 101
10.4 Asia-Pacific Market 2020-2027 by Country 103
10.4.1 Overview of Asia-Pacific Market 103
10.4.2 China 106
10.4.3 Japan 108
10.4.4 India 111
10.4.5 Australia 113
10.4.6 South Korea 115
10.4.7 Rest of APAC Region 117
10.5 South America Market 2020-2027 by Country 119
10.5.1 Argentina 122
10.5.2 Brazil 124
10.5.3 Chile 126
10.5.4 Rest of South America Market 128
10.6 MEA Market 2020-2027 by Country 129
10.6.1 UAE 132
10.6.2 Saudi Arabia 134
10.6.3 South Africa 136
10.6.4 Other National Markets 138

11 Competitive Landscape 139
11.1 Overview of Key Vendors 139
11.2 New Product Launch, Partnership, Investment, and M&A 142
11.3 Company Profiles 143
Badger Meter, Inc. 143
EDMI 145
Elster Group GmbH 146
Holley Metering Limited 147
Honeywell International Inc. 148
Iskraemeco 149
Itron Inc. 150
Landis+Gyr Group AG 151
Neptune Technology Group Inc. 152
Schneider Electric SA 153
Sensus USA Inc. 154
Siemens AG 155
Related Reports and Products 156



List of Figures


Figure 1. Research Method Flow Chart 12
Figure 2. Breakdown of Primary Research 14
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 16
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027 18
Figure 5. Global Smart Meters Market, 2017-2027, $ mn 21
Figure 6. Impact of COVID-19 on Business 24
Figure 7. Primary Drivers and Impact Factors of Global Smart Meters Market 26
Figure 8. Primary Restraints and Impact Factors of Global Smart Meters Market 29
Figure 9. Investment Opportunity Analysis 33
Figure 10. Porter’s Fiver Forces Analysis of Global Smart Meters Market 36
Figure 11. Breakdown of Global Smart Meters Market by Component, 2020-2027, % of Revenue 40
Figure 12. Contribution to Global 2021-2027 Cumulative Revenue by Component, Value ($ mn) and Share (%) 41
Figure 13. Global Smart Meters Market: Hardware, 2017-2027, $ mn 42
Figure 14. Global Smart Meters Market: Software & Service, 2017-2027, $ mn 43
Figure 15. Breakdown of Global Smart Meters Market by Technology, 2020-2027, % of Revenue 44
Figure 16. Contribution to Global 2021-2027 Cumulative Revenue by Technology, Value ($ mn) and Share (%) 45
Figure 17. Global Smart Meters Market: Automatic Meter Reading (AMR), 2017-2027, $ mn 46
Figure 18. Global Smart Meters Market: Advanced Metering Infrastructure (AMI), 2017-2027, $ mn 47
Figure 19. Breakdown of Global Smart Meters Market by Communication Type, 2020-2027, % of Revenue 49
Figure 20. Contribution to Global 2021-2027 Cumulative Revenue by Communication Type, Value ($ mn) and Share (%) 49
Figure 21. Global Smart Meters Market: Cellular Technology, 2017-2027, $ mn 50
Figure 22. Global Smart Meters Market: Radio Frequency (RF), 2017-2027, $ mn 51
Figure 23. Global Smart Meters Market: Power Line Communication (PLC), 2017-2027, $ mn 52
Figure 24. Global Smart Meters Market: Other Communication Types, 2017-2027, $ mn 53
Figure 25. Breakdown of Global Smart Meters Market by Phase, 2020-2027, % of Revenue 54
Figure 26. Contribution to Global 2021-2027 Cumulative Revenue by Phase, Value ($ mn) and Share (%) 55
Figure 27. Global Smart Meters Market: Single-phase Smart Meters, 2017-2027, $ mn 56
Figure 28. Global Smart Meters Market: Three-phase Smart Meters, 2017-2027, $ mn 57
Figure 29. Breakdown of Global Smart Meters Market by Specification, 2020-2027, % of Revenue 58
Figure 30. Contribution to Global 2021-2027 Cumulative Revenue by Specification, Value ($ mn) and Share (%) 59
Figure 31. Global Smart Meters Market: SMETS1 Smart Meters, 2017-2027, $ mn 60
Figure 32. Global Smart Meters Market: SMETS2 Smart Meters, 2017-2027, $ mn 61
Figure 33. Breakdown of Global Smart Meters Market by Application, 2020-2027, % of Revenue 62
Figure 34. Contribution to Global 2021-2027 Cumulative Revenue by Application, Value ($ mn) and Share (%) 63
Figure 35. Global Smart Meters Market: Smart Electricity Meters, 2017-2027, $ mn 64
Figure 36. Global Smart Meters Market: Smart Gas Meters, 2017-2027, $ mn 65
Figure 37. Global Smart Meters Market: Smart Water Meters, 2017-2027, $ mn 66
Figure 38. Breakdown of Global Smart Meters Market by End Use, 2020-2027, % of Revenue 68
Figure 39. Contribution to Global 2021-2027 Cumulative Revenue by End Use, Value ($ mn) and Share (%) 68
Figure 40. Global Smart Meters Market: Residential Use, 2017-2027, $ mn 69
Figure 41. Global Smart Meters Market: Commercial Use, 2017-2027, $ mn 70
Figure 42. Global Smart Meters Market: Industrial Use, 2017-2027, $ mn 71
Figure 43. Global Market Snapshot by Region 72
Figure 44. Geographic Spread of Worldwide Smart Meters Market, 2020-2027, % of Revenue 73
Figure 45. Contribution to Global 2021-2027 Cumulative Revenue by Region, Value ($ mn) and Share (%) 74
Figure 46. North American Smart Meters Market, 2017-2027, $ mn 77
Figure 47. Breakdown of North America Smart Meters Market by Country, 2020 and 2027, % of Revenue 77
Figure 48. Contribution to North America 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 78
Figure 49. U.S. Smart Meters Market, 2017-2027, $ mn 80
Figure 50. Canada Smart Meters Market, 2017-2027, $ mn 82
Figure 51. Smart Meters Market in Mexico, 2017-2027, $ mn 84
Figure 52. European Smart Meters Market, 2017-2027, $ mn 87
Figure 53. Breakdown of European Smart Meters Market by Country, 2020 and 2027, % of Revenue 87
Figure 54. Contribution to Europe 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 88
Figure 55. Smart Meters Market in UK, 2017-2027, $ mn 89
Figure 56. Smart Meters Market in France, 2017-2027, $ mn 91
Figure 57. Smart Meters Market in Germany, 2017-2027, $ mn 93
Figure 58. Smart Meters Market in Spain, 2017-2027, $ mn 95
Figure 59. Smart Meters Market in Italy, 2017-2027, $ mn 97
Figure 60. Smart Meters Market in Russia, 2017-2027, $ mn 99
Figure 61. Smart Meters Market in Rest of Europe, 2017-2027, $ mn 101
Figure 62. Asia-Pacific Smart Meters Market, 2017-2027, $ mn 104
Figure 63. Breakdown of APAC Smart Meters Market by Country, 2020 and 2027, % of Revenue 104
Figure 64. Contribution to APAC 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 105
Figure 65. Smart Meters Market in China, 2017-2027, $ mn 106
Figure 66. Smart Meters Market in Japan, 2017-2027, $ mn 109
Figure 67. Smart Meters Market in India, 2017-2027, $ mn 111
Figure 68. Smart Meters Market in Australia, 2017-2027, $ mn 113
Figure 69. Smart Meters Market in South Korea, 2017-2027, $ mn 115
Figure 70. Smart Meters Market in Rest of APAC, 2017-2027, $ mn 117
Figure 71. South America Smart Meters Market, 2017-2027, $ mn 120
Figure 72. Breakdown of South America Smart Meters Market by Country, 2020 and 2027, % of Revenue 120
Figure 73. Contribution to South America 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 121
Figure 74. Smart Meters Market in Argentina, 2017-2027, $ mn 122
Figure 75. Smart Meters Market in Brazil, 2017-2027, $ mn 124
Figure 76. Smart Meters Market in Chile, 2017-2027, $ mn 126
Figure 77. Smart Meters Market in Rest of South America, 2017-2027, $ mn 128
Figure 78. Smart Meters Market in Middle East and Africa (MEA), 2017-2027, $ mn 130
Figure 79. Breakdown of MEA Smart Meters Market by Country, 2020 and 2027, % of Revenue 130
Figure 80. Contribution to MEA 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 131
Figure 81. Smart Meters Market in UAE, 2017-2027, $ mn 132
Figure 82. Smart Meters Market in Saudi Arabia, 2017-2027, $ mn 134
Figure 83. Smart Meters Market in South Africa, 2017-2027, $ mn 136
Figure 84. Growth Stage of Global Smart Meters Industry over the Forecast Period 139


List of Tables


Table 1. Snapshot of Global Smart Meters Market in Balanced Perspective, 2020-2027 19
Table 2. Growth Rate of World GDP, 2020-2022 23
Table 3. Main Product Trends and Market Opportunities in Global Smart Meters Market 32
Table 4. Global Smart Meters Market by Component, 2017-2027, $ mn 40
Table 5. Global Smart Meters Market by Technology, 2017-2027, $ mn 44
Table 6. Global Smart Meters Market by Communication Type, 2017-2027, $ mn 48
Table 7. Global Smart Meters Market by Phase, 2017-2027, $ mn 54
Table 8. Global Smart Meters Market by Specification, 2017-2027, $ mn 58
Table 9. Global Smart Meters Market by Application, 2017-2027, $ mn 62
Table 10. Global Smart Meters Market by End Use, 2017-2027, $ mn 67
Table 11. Global Smart Meters Market by Region, 2017-2027, $ mn 73
Table 12. Leading National Smart Meters Market, 2020 and 2027, $ mn 75
Table 13. North America Smart Meters Market by Country, 2017-2027, $ mn 78
Table 14. U.S. Smart Meters Market by Component, 2017-2027, $ mn 81
Table 15. U.S. Smart Meters Market by Application, 2017-2027, $ mn 81
Table 16. U.S. Smart Meters Market by End Use, 2017-2027, $ mn 81
Table 17. Canada Smart Meters Market by Component, 2017-2027, $ mn 83
Table 18. Canada Smart Meters Market by Application, 2017-2027, $ mn 83
Table 19. Canada Smart Meters Market by End Use, 2017-2027, $ mn 83
Table 20. Mexico Smart Meters Market by Component, 2017-2027, $ mn 85
Table 21. Mexico Smart Meters Market by Application, 2017-2027, $ mn 85
Table 22. Mexico Smart Meters Market by End Use, 2017-2027, $ mn 85
Table 23. Europe Smart Meters Market by Country, 2017-2027, $ mn 88
Table 24. UK Smart Meters Market by Component, 2017-2027, $ mn 90
Table 25. UK Smart Meters Market by Application, 2017-2027, $ mn 90
Table 26. UK Smart Meters Market by End Use, 2017-2027, $ mn 90
Table 27. France Smart Meters Market by Component, 2017-2027, $ mn 92
Table 28. France Smart Meters Market by Application, 2017-2027, $ mn 92
Table 29. France Smart Meters Market by End Use, 2017-2027, $ mn 92
Table 30. Germany Smart Meters Market by Component, 2017-2027, $ mn 94
Table 31. Germany Smart Meters Market by Application, 2017-2027, $ mn 94
Table 32. Germany Smart Meters Market by End Use, 2017-2027, $ mn 94
Table 33. Spain Smart Meters Market by Component, 2017-2027, $ mn 96
Table 34. Spain Smart Meters Market by Application, 2017-2027, $ mn 96
Table 35. Spain Smart Meters Market by End Use, 2017-2027, $ mn 96
Table 36. Italy Smart Meters Market by Component, 2017-2027, $ mn 98
Table 37. Italy Smart Meters Market by Application, 2017-2027, $ mn 98
Table 38. Italy Smart Meters Market by End Use, 2017-2027, $ mn 98
Table 39. Russia Smart Meters Market by Component, 2017-2027, $ mn 100
Table 40. Russia Smart Meters Market by Application, 2017-2027, $ mn 100
Table 41. Russia Smart Meters Market by End Use, 2017-2027, $ mn 100
Table 42. Smart Meters Market in Rest of Europe by Country, 2017-2027, $ mn 102
Table 43. APAC Smart Meters Market by Country, 2017-2027, $ mn 105
Table 44. China Smart Meters Market by Component, 2017-2027, $ mn 107
Table 45. China Smart Meters Market by Application, 2017-2027, $ mn 107
Table 46. China Smart Meters Market by End Use, 2017-2027, $ mn 107
Table 47. Japan Smart Meters Market by Component, 2017-2027, $ mn 110
Table 48. Japan Smart Meters Market by Application, 2017-2027, $ mn 110
Table 49. Japan Smart Meters Market by End Use, 2017-2027, $ mn 110
Table 50. India Smart Meters Market by Component, 2017-2027, $ mn 112
Table 51. India Smart Meters Market by Application, 2017-2027, $ mn 112
Table 52. India Smart Meters Market by End Use, 2017-2027, $ mn 112
Table 53. Australia Smart Meters Market by Component, 2017-2027, $ mn 114
Table 54. Australia Smart Meters Market by Application, 2017-2027, $ mn 114
Table 55. Australia Smart Meters Market by End Use, 2017-2027, $ mn 114
Table 56. South Korea Smart Meters Market by Component, 2017-2027, $ mn 116
Table 57. South Korea Smart Meters Market by Application, 2017-2027, $ mn 116
Table 58. South Korea Smart Meters Market by End Use, 2017-2027, $ mn 116
Table 59. Smart Meters Market in Rest of APAC by Country/Region, 2017-2027, $ mn 118
Table 60. South America Smart Meters Market by Country, 2017-2027, $ mn 121
Table 61. Argentina Smart Meters Market by Component, 2017-2027, $ mn 123
Table 62. Argentina Smart Meters Market by Application, 2017-2027, $ mn 123
Table 63. Argentina Smart Meters Market by End Use, 2017-2027, $ mn 123
Table 64. Brazil Smart Meters Market by Component, 2017-2027, $ mn 125
Table 65. Brazil Smart Meters Market by Application, 2017-2027, $ mn 125
Table 66. Brazil Smart Meters Market by End Use, 2017-2027, $ mn 125
Table 67. Chile Smart Meters Market by Component, 2017-2027, $ mn 127
Table 68. Chile Smart Meters Market by Application, 2017-2027, $ mn 127
Table 69. Chile Smart Meters Market by End Use, 2017-2027, $ mn 127
Table 70. MEA Smart Meters Market by Country, 2017-2027, $ mn 131
Table 71. UAE Smart Meters Market by Component, 2017-2027, $ mn 133
Table 72. UAE Smart Meters Market by Application, 2017-2027, $ mn 133
Table 73. UAE Smart Meters Market by End Use, 2017-2027, $ mn 133
Table 74. Saudi Arabia Smart Meters Market by Component, 2017-2027, $ mn 135
Table 75. Saudi Arabia Smart Meters Market by Application, 2017-2027, $ mn 135
Table 76. Saudi Arabia Smart Meters Market by End Use, 2017-2027, $ mn 135
Table 77. South Africa Smart Meters Market by Component, 2017-2027, $ mn 137
Table 78. South Africa Smart Meters Market by Application, 2017-2027, $ mn 137
Table 79. South Africa Smart Meters Market by End Use, 2017-2027, $ mn 137
Table 80. Badger Meter, Inc.: Company Snapshot 143
Table 81. Badger Meter, Inc.: Business Segmentation 143
Table 82. Badger Meter, Inc.: Product Portfolio 144
Table 83. Badger Meter, Inc.: Revenue, 2017-2019, $ mn 144