スマートメーターの世界市場：製品タイプ別、相別、技術別、エンドユーザー別、地域別の機会および予測 (2017～2031年)

世界のスマートメーターの市場規模は大幅な拡大を遂げており、今後もこの堅調な拡大率を維持すると予測されています。2023年に約207億8,370万米ドルの市場規模に達した同市場は、2031年には448億8,040万米ドルに達すると予測され、2023年～2031年のCAGRは10.14%になるとみられています。

世界のスマートメーター市場は、エネルギー効率と送電網近代化への取り組みが重視されるようになったことを背景に、安定した成長を続けています。スマートメーターは、電力会社がエネルギー消費を遠隔監視、制御、最適化することを可能にし、業務効率の向上とコスト削減を実現します。政府の義務付け、エネルギー消費の増加、再生可能エネルギー源の統合などの要因が、市場の成長をさらに促進しています。モノのインターネット（IoT）やデータ分析などの技術の進歩は、スマートメーターの機能を強化し、普及を促進しています。市場の主要参入企業には、業界をリードするLandis+Gyr、Itron、Siemens AGなどが含まれ、革新的なソリューションと戦略的パートナーシップで市場を形成しています。

市場成長の背景には、北米、欧州、中東など、政府が既存システムの近代化に多額の投資を行っている地域における、既存のエネルギー管理システムの近代化があります。例えば、欧米地域では2050年までにネット・ゼロ・エミッションを優先しており、データ分析を通じて公益事業者が顧客需要をよりよく理解し予測するのに役立つ詳細な使用データを提供するために、スマートメーターが不可欠となっています。

当レポートでは、世界のスマートメーター市場について調査し、市場の概要とともに、製品タイプ別、相別、技術別、エンドユーザー別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 調査手法

第2章 プロジェクトの範囲と定義

第3章 COVID-19が世界のスマートメーター市場に与える影響

第4章 エグゼクティブサマリー

第5章 顧客の声

第6章 世界のスマートメーター市場の見通し、2017年～2031年

• 市場規模と予測
• 製品タイプ別
• 相別
• 技術別
• エンドユーザー別
• 地域別
• 企業別市場シェア（％）、2022年

第7章 世界のスマートメーター市場の見通し、地域別、2017年～2031年

• 北米
• 欧州
• アジア太平洋
• 南米
• 中東・アフリカ

第8章 2023年の市場マッピング

第9章 マクロ環境と産業構造

• 供給需要分析
• 輸出入分析
• バリューチェーン分析
• PESTEL分析
• ポーターのファイブフォース分析

第10章 市場力学

第11章 主要参入企業の情勢

第12章 価格分析

第13章 ケーススタディ

第14章 主要参入企業の見通し

• Itron Inc
• ABB Ltd.
• Aclara Technologies LLC
• Honeywell International Inc.
• Iskraemeco Group
• Sensus Inc. (Xylem)
• Landis+Gyr Group
• Schneider Electric SE
• BadgerOsar Meter Inc.
• Secure Meters Ltd
• Siemens AG
• Sagemcom
• Osaki Electric Co. Ltd.

第15章 戦略的提言

第16章 お問い合わせと免責事項

List of Tables

• Table 01: Global Smart Meter Market Size, By Value, In USD Million, By Product Type, 2017-2031F
• Table 02: Global Smart Meter Market Size, By Product Type, CAGR %, 2017-2031F
• Table 03: Global Smart Meter Market Size, By Value, In USD Million, By Phase,

List of Figures

• Figure 1: Respondents, By Region
• Figure 2: Respondents, By End-user
• Figure 3: Respondents, By Company Size
• Figure 4: Purchase Decision Factors by Overall Expenses (%)
• Figure 5: Purchase Decision Factors by Facility Requirement (%)
• Figure 6: Purchase Decision Factors by Operational Manpower Expertise (%)
• Figure 7: Purchase Decision Factors by Number of Installation Units (%)
• Figure 8: Purchase Decision Factors by Experience in the Industry (%)
• Figure 9: Purchase Decision Factors by Efficiency (%)
• Figure 10: Purchase Decision Factors by After-Sales Support (%)
• Figure 11: Purchase Decision Factors by Purpose of Installation (%)
• Figure 12 : Purchase Decision Factors by Demand and Supply Mechanism (%)
• Figure 13: Purchase Decision Factors by Consideration and Understanding of Safety Regulations (%)
• Figure 14: Purchase Decision Factors by Application of Legal Compliances (%)
• Figure 15 : Purchase Decision Factors by Existing User or Intended Purchaser (%)
• Figure 16 : Global Smart Meter Market, By Value, In USD Million, 2017-2031F
• Figure 17: Global Smart Meter Market, By Volume, In Million Units, 2017-2031F
• Figure 18 : Market Shares of Top Five Companies (In %, 2022)
• Figure 19 : North America Smart Meter Market, By Value, In USD Million, 2017-2031F
• Figure 20 : North America Smart Meter Market, By Volume, In Million Units, 2017-2031F
• Figure 21 : Europe Smart Meter Market, By Value, In USD Million, 2017-2031F
• Figure 22 : Europe Smart Meter Market, By Volume, In Million Units, 2017-2031F
• Figure 23 : Asia-Pacific Smart Meter Market, By Value, In USD Million, 2017-2031F
• Figure 24: Asia-Pacific Smart Meter Market, By Volume, In Million Units, 2017-2031F
• Figure 25: South America Smart Meter Market, By Value, In USD Million, 2017-2031F
• Figure 26 : South America Smart Meter Market, By Volume, In Million Units, 2017-2031F
• Figure 27: Middle East & Africa Smart Meter Market, By Value, In USD Million, 2017-2031F
• Figure 28: Middle East & Africa Smart Meter Market, By Volume, In Million Units, 2017-2031F
• Figure 29 : By Product Type, Map-Market Size (USD Million) & Growth Rate (%), 2023
• Figure 30: By Phase, Map-Market Size (USD Million) & Growth Rate (%), 2023
• Figure 31 : By Technology, Routes Map-Market Size (USD Million) & Growth Rate (%), 2023
• Figure 32 : By End-user, Routes Map-Market Size (USD Million) & Growth Rate (%), 2023
• Figure 33 : By Region, Map-Market Size (USD Million) & Growth Rate (%), 2023
• Figure 34: Global Import of Smart Meter, By Value (USD Million), 2017-2022
• Figure 35: Global Export of Smart Meter, By Value (USD Million), 2017-2022
• Figure 36 : Year-wise Installation Trend of Smart Meter (In Unit) in India
• Figure 37: Market Share of Top Five Companies (In %, 2022)
• Figure 38: Global Smart Meters Average Price in USD (2017-2023)
• Figure 39 : Global Electricity Production (2018-2022)
• Figure 40 : Smart Meter Installation Targets in Asia-Pacific Nations (in Million Units)

Global smart meter market has witnessed substantial growth and is anticipated to sustain this robust expansion rate in the foreseeable future. Having reached an estimated value of around USD 20,783.7 million in 2023, the market is projected to achieve a value of USD 44,880.4 million by 2031, demonstrating a steady CAGR of 10.14% between 2023 and 2031.

The global smart meter market continues to grow steadily, driven by increasing emphasis on energy efficiency and grid modernization initiatives. Smart meters enable utilities to remotely monitor, control, and optimize energy consumption, improving operational efficiency and reducing costs. Factors, such as government mandates, rising energy consumption, and the integration of renewable energy sources, further propel market growth. Advancements in technology, including the Internet of Things (IoT) and data analytics, enhance smart meter capabilities, fostering widespread adoption. Key players in the market include industry leaders such as Landis+Gyr, Itron, and Siemens AG, shaping the landscape with innovative solutions and strategic partnerships.

The market growth is attributed to the modernization of existing energy management systems in regions such as North America, Europe, and the Middle East, where governments are investing heavily in modernizing the existing systems. For instance, Western regions prioritize net zero emissions by 2050, making smart meters crucial to provide detailed usage data that can help utilities better understand and predict customer demand through data analytics.

Furthermore, smart grids are being introduced to enhance the efficiency of electrical networks. As part of these smart grids, smart electricity meters are being deployed globally. Also, these meters enable two-way communication allowing both utility suppliers and consumers to track utility usage in real time. Additionally, the deployment of smart meters facilitates the implementation of Home Energy Management Systems (HEMS) and Building Energy Management Systems (BEMS). These systems allow visualization of electric power usage in individual homes or entire buildings. Therefore, as digitization accelerates, energy efficiency measures are modernized, further driving the adoption of smart grids.

Utility System Monitoring is Augmenting the Market Growth Extensively

Utility system monitoring plays a pivotal role in driving the adoption and implementation of smart meters, revolutionizing the energy sector. Smart meters are increasingly being deployed to monitor utility systems in real time, offering various benefits that enhance operational efficiency and grid reliability. These devices enable seamless communication with utility companies, providing accurate and up-to-date data on energy consumption. This real-time monitoring capability empowers utility providers to manage the power grids more effectively, detect outages promptly, and respond efficiently to disruptions, ultimately improving grid reliability and customer services. India is regarded as one of the most prominent areas of this market. Utility system monitoring in India plays a crucial role in balancing the rapid growth of smart metering by providing real-time insights into electricity consumption patterns.

For instance, according to the recent data published by the National Smart Grid Mission, Ministry of Power, Government of India, in the FY 2021, the installation of smart meters in India was 623,112 units, and in FY 2022, it increased to 1,745,479 units. However, the growth deteriorated abruptly in COVID-19 but eventually rose by a huge margin in the following years. By monitoring the quality of power supply, predicting maintenance needs, and identifying infrastructure gaps, utility monitoring enables efficient planning, load management, and infrastructure strategies. This proactive approach addresses challenges such as rising demand, ensuring reliable power supply, and optimizing the deployment of smart meters effectively.

Emerging Regulatory Trends Driving Smart Meter Installations

The increasing regulatory initiatives to install smart electricity meters by governments worldwide are playing a pivotal role in driving the growth of the smart meter market. These regulatory policies, supported by financial incentives and national energy policies, are creating a conducive environment for the widespread adoption of smart meters, leading to significant market expansion and technological advancements. These technological features enhance accuracy, efficiency, and transparency in energy consumption monitoring, aligning with the objectives of regulatory policies promoting smart meter installations.

For instance, the Energy Act 2023 in the United Kingdom signified a critical juncture for the smart meter rollout, positioning smart meters as essential components of the country's energy transition. Enacted in October, this legislation introduced new powers aimed at ensuring the completion of the smart meter rollout by 2028. The government foresees substantial benefits from this initiative, estimating total bill savings of USD 7.1 billion for households. This strategic move underscores the significance of smart meters in modernizing the energy system, enhancing energy efficiency, and empowering consumers to manage their energy consumption effectively. This legislative framework supports the transition to a more sustainable and flexible energy system and aligns with the government's broader objectives of achieving a cleaner, more affordable, and secure energy landscape for the nation. Moreover, the Energy Act 2023 empowers the government to continue steering the smart meter rollout across Great Britain, ensuring that the Smart Metering Implementation Programme progresses successfully. By extending the powers until 2028, the government aims to drive the successful delivery of smart meters to homes and small businesses, enabling consumers to benefit from enhanced energy management, cost savings, and a more efficient energy system.

Different regions exhibit varying levels of smart meter adoption based on regulatory frameworks and market maturity. For instance, North America, Europe, and East Asia have more advanced markets due to regulatory policies and energy initiatives. In contrast, regions such as Southern Asia, Latin America, and Africa present high-growth potential for smart meters, driven by regulatory support and the need to upgrade the grid infrastructure.

Asia-Pacific Dominates Owing to Modernization of Electricity Infrastructure

Asia-Pacific has a leading position in the smart meter industry. The prime determinants, such as recently launched power generation facilities, development of new smart meters, increasing adoption in commercial facilities, and increasing sustainability targets for reducing carbon emission, are driving the adoption of smart meters across Asia-Pacific countries, including India, Japan, China, and South Korea, among others.

For instance, in April 2019, the Government of India (GoI) announced its target to install 250 million smart meters by the end of 2025. Similarly, the Japanese government announced the installation of 80 million smart meters by the end of 2025. Therefore, the increasing installation of smart meters in the Asia-Pacific region will create a lucrative opportunity for market growth during the projected forecast period.

Future Market Opportunities (2024-2031F)

Government schemes to foster the adoption of smart electricity meters, robust demand from the residential sector, increasing infrastructure development of smart grids, and others, are the prominent factors boosting the demand for smart meters at the global level. This, in turn, is anticipated to lead to extensive opportunities for market expedition in the future.

Smart meters offer sustainability, superior potential in enhancing energy efficiency, and modernized energy grids, which represent the prime factors influencing their deployment across various industrial facilities, including oil and gas, energy and power, base stations, power stations, manufacturing hubs, and utility centers among others. This, in turn, can result in ample possibilities for market expedition in the future.

Moreover, an increase in industrial production activities at the global level is accelerating the deployment of smart meters to ensure reduced operational costs, enhanced energy contour forecasting, and improved energy production planning, thereby leading to limitless possibilities for market growth in the future.

Key Players Landscape and Outlook

The global smart meter market has grown substantially, with prominent companies emphasizing collaborations to drive technological advancements and enhance their services. These companies are investing significantly in developing advanced smart meters to ensure safety and improved electricity monitoring in residential, commercial, and industrial sectors. Additionally, they actively engage in notable mergers, acquisitions, and joint ventures to effectively pursue their smart meter industry objectives.

In March 2024, Itron expanded its network expertise and improved network design and operations with the acquisition of Elpis Squared. This move allowed utilities to support the energy transition by using data solutions and optimized solutions to improve cost-effective management.

In November 2023, ABB secured a USD 543 million financing agreement with the European Investment Bank (EIB) to bolster its research and development efforts in the electrification business area. The funding will be utilized to develop next-generation electrical distribution solutions, including solid-state circuit breakers and eco-friendly switchgear, aimed at driving the energy transition and improving efficiency. This collaboration aligns with the European Green Deal's goal of achieving net zero greenhouse gas emissions by 2050, emphasizing the importance of green innovation in creating a sustainable economy and combating climate change.

Landis+Gyr Group- The Prominent Market Leader

Landis+Gyr is a leading provider of smart metering services, delivering innovative technology to support applications in Europe and Middle East and Africa (EMEA). The company is focused on driving digital transformation in energy, providing advanced metering equipment, energy distribution, and customer service. The company's comprehensive services include analytics, customer solutions, distribution of electronic devices (DA), electronic devices, control load, and a variety of advanced equipment analysis (AMI). It optimizes its operations, improves grid reliability, and increases customer satisfaction.

Landis+Gyr is at the forefront of creating a green energy future partnering with Google Cloud, allowing the company to deliver unprecedented growth in business management, further giving clients more ways to effectively deal with the evolving electricity and energy landscape. The company's comprehensive offerings include innovative products, services, and solutions tailored to meet the unique needs of each market with a focus on empowering utilities and consumers.

In February 2024, MJM Electric Co. of Carlinville, Illinois, partnered with Landis+Gyr to install the Gridstream Connect cellular AMI system to improve grid management. The solution provides customers with detailed energy information and advanced energy management. Landis + Gyr's cost-effective cellular network allows utilities to improve connectivity and access meter data.

Table of Contents

1.Research Methodology

2.Project Scope & Definitions

3.Impact of COVID-19 on Global Smart Meter Market

4.Executive Summary

5.Voice of Customer

• 5.1.Product and Market Intelligence
• 5.2.Factors Considered in Purchase Decisions
  • 5.2.1. Overall Expenses
  • 5.2.2. Facility Requirement
  • 5.2.3. Operational Manpower Expertise
  • 5.2.4. Number of Installation Units
  • 5.2.5. Experience in the Industry
  • 5.2.6. Efficiency
  • 5.2.7. After-Sales Support
• 5.3.Purpose of Installation
• 5.4.Demand and Supply Mechanism
• 5.5.Consideration and Understanding of Safety Regulations
• 5.6.Application of Legal Compliances
• 5.7.Existing User or Intended Purchaser

6.Global Smart Meter Market Outlook, 2017-2031F

• 6.1.Market Size & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2.By Product Type
  • 6.2.1. Smart Electricity Meters
  • 6.2.2. Smart Water Meters
  • 6.2.3. Smart Gas Meters
• 6.3.By Phase
  • 6.3.1. Single-phase
  • 6.3.2. Three-phase
• 6.4.By Technology
  • 6.4.1. Advanced Metering Infrastructure (AMI)
  • 6.4.2. Automated Meter Reading (AMR)
• 6.5.By End-user
  • 6.5.1. Residential
  • 6.5.2. Commercial
  • 6.5.3. Industrial
• 6.6.By Region
  • 6.6.1. North America
  • 6.6.2. Europe
  • 6.6.3. South America
  • 6.6.4. Asia-Pacific
  • 6.6.5. Middle East and Africa
• 6.7.By Company Market Share (%), 2022

7.Global Smart Meter Market Outlook, By Region, 2017-2031F

• 7.1.North America*
  • 7.1.1. By Product Type
    • 7.1.1.1.Smart Electricity Meters
    • 7.1.1.2.Smart Water Meters
    • 7.1.1.3.Smart Gas Meters
  • 7.1.2. By Phase
    • 7.1.2.1.Single-phase
    • 7.1.2.2.Three-phase
  • 7.1.3. By Technology
    • 7.1.3.1.Advanced Metering Infrastructure (AMI)
    • 7.1.3.2.Automated Meter Reading (AMR)
  • 7.1.4. By End-user
    • 7.1.4.1.Residential
    • 7.1.4.2.Commercial
    • 7.1.4.3.Industrial
  • 7.1.5. United States*
    • 7.1.5.1. By Product Type
    • 7.1.5.1.1.Smart Electricity Meters
    • 7.1.5.1.2.Smart Water Meters
    • 7.1.5.1.3.Smart Gas Meters
    • 7.1.5.2. By Phase
    • 7.1.5.2.1.Single-phase
    • 7.1.5.2.2.Three-phase
    • 7.1.5.3. By Technology
    • 7.1.5.3.1.Advanced Metering Infrastructure (AMI)
    • 7.1.5.3.2.Automated Meter Reading (AMR)
    • 7.1.5.4. By End-user
    • 7.1.5.4.1.Residential
    • 7.1.5.4.2.Commercial
    • 7.1.5.4.3.Industrial
  • 7.1.6. Canada
  • 7.1.7. Mexico

All segments will be provided for all regions and countries covered

• 7.2.Europe
  • 7.2.1. Germany
  • 7.2.2. France
  • 7.2.3. Italy
  • 7.2.4. United Kingdom
  • 7.2.5. Russia
  • 7.2.6. Netherlands
  • 7.2.7. Spain
  • 7.2.8. Turkey
  • 7.2.9. Poland
• 7.3.Asia Pacific
  • 7.3.1. India
  • 7.3.2. China
  • 7.3.3. Japan
  • 7.3.4. Australia
  • 7.3.5. Vietnam
  • 7.3.6. South Korea
  • 7.3.7. Indonesia
  • 7.3.8. Philippines
• 7.4.South America
  • 7.4.1. Brazil
  • 7.4.2. Argentina
• 7.5.Middle East & Africa
  • 7.5.1. Saudi Arabia
  • 7.5.2. UAE
  • 7.5.3. South Africa

8.Market Mapping, 2023

• 8.1.By Product Type
• 8.2.By Phase
• 8.3.By Technology
• 8.4.By End-user
• 8.5.By Region

9.Macro Environment and Industry Structure

• 9.1.Supply Demand Analysis
• 9.2.Import Export Analysis
• 9.3.Value Chain Analysis
• 9.4.PESTEL Analysis
  • 9.4.1.Political Factors
  • 9.4.2.Economic System
  • 9.4.3.Social Implications
  • 9.4.4.Technological Advancements
  • 9.4.5.Environmental Impacts
  • 9.4.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
• 9.5.Porter's Five Forces Analysis
  • 9.5.1.Supplier Power
  • 9.5.2.Buyer Power
  • 9.5.3.Substitution Threat
  • 9.5.4.Threat from New Entrant
  • 9.5.5.Competitive Rivalry

10.Market Dynamics

• 10.1.Growth Drivers
• 10.2.Growth Inhibitors (Challenges and Restraints)

11.Key Players Landscape

• 11.1.Competition Matrix of Top Five Market Leaders
• 11.2.Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
• 11.3.Mergers and Acquisitions/Joint Ventures (If Applicable)
• 11.4.SWOT Analysis (For Five Market Players)

12.Pricing Analysis

13.Case Studies

14.Key Players Outlook

• 14.1Itron Inc.
  • 14.1.1.Company Details
    • 14.1.1.1.Key Management Personnel
    • 14.1.1.2.Products & Services
    • 14.1.1.3.Financials (As reported)
    • 14.1.1.4.Key Market Focus & Geographical Presence
    • 14.1.1.5.Recent Developments
  • 14.1.2. ABB Ltd.
  • 14.1.3. Aclara Technologies LLC
  • 14.1.4. Honeywell International Inc.
  • 14.1.5. Iskraemeco Group
  • 14.1.6. Sensus Inc. (Xylem)
  • 14.1.7. Landis+Gyr Group
  • 14.1.8. Schneider Electric SE
  • 14.1.9. BadgerOsar Meter Inc.
  • 14.1.10.Secure Meters Ltd
  • 14.1.11.Siemens AG
  • 14.1.12.Sagemcom
  • 14.1.13.Osaki Electric Co. Ltd.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

15. Strategic Recommendations

16. About Us & Disclaimer