Next-generation Smart Metering Intelligence to Unlock the Future Grid Potential

Next-generation Smart Metering Intelligence to Unlock the Future Grid Potential

The Second Wave of Rollouts and Smart Meter Use Cases to Proliferate, Driving Grid Transformation Services in Energy Transition, Amidst Transforming Customer Experience and Offerings

RELEASE DATE
30-Nov-2020
REGION
Global
Research Code: MFB9-01-00-00-00
SKU: EG02108-GL-MT_24778
$4,950.00
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Description

The global smart meter market continued to register strong growth in 2019, as major rollouts continued to accelerate. China led the trail and various pockets of Europe went ahead with large-scale pilots and installing second-generation smart meters. China continued to account for more than half of the global market, holding 56.2% of the total shipments, as the country continued the replacement cycle on an eighth-yearly basis. Key European markets are Italy and France that hold 59% of the region’s shipments, followed by the UK, Germany, and the Netherlands. Europe leads the second wave of metering, with Italy and Sweden to replace existing meters, and with Finland and Denmark expected to follow suit in 2022.

The new build market and replacement market are primary drivers for the North American market. Market growth is led by smaller utilities rolling out smart metering and higher replacement rates for the existing base with second generation metering, all likely to drive growth in the future. Japan dominated the Asia-Pacific (APAC) market, while India, South Korea, Taiwan, Malaysia, Indonesia, the Philippines, and Hong Kong are expected to catalyse market growth. UAE and Saudi Arabia will continue to be the hotspots in the Middle East, while Uzbekistan and Russia will be other key markets as roll outs continue in the CIS region. Fuelled further by the COVID-19 outbreak, the laggards in smart metering such as Africa and South America are not expected to have any significant upsurge until the mid term, though there is for long-term potential for recovery.

Slowdown of smart meter installations and smart grid projects as a repercussion of COVID-19, has disrupted the growth of the market in the short term, because of lockdowns, supply chain bottlenecks, logistics, new tender, and proposal delays, and restrictions and safety measures related to social distancing in field works. Regulatory requirements in developing regions for the implementation of smart metering transition are also expected to be maintained in the medium-to-long term.

With greater emphasis on software and services, the smart metering industry has now transitioned from an equipment-biased industry to be a part of grid-related metering services. The role of smart meters has subtly changed. Power distribution companies increasingly wanting to benefit from digital service opportunities and are largely dependent on manufacturers and third parties to offer smart metering as a service beyond their traditional role of merely offering a network connection and smart meter product. Data-driven services are to be more profitable than commodity margins. Smart metering use cases for low-voltage grid visibility have become extremely crucial alongside offering additional services to customers and enabling real-time monitoring of energy consumption and energy prosumerism.

Frost & Sullivan’s global smart electricity meter market research provides insights into the latest developments in the market, including forecasts on unit shipment, associated revenue for all major regions, and also insights on which country markets are the key to growth.

Key Issues Addressed

  • What are the key drivers and restraints for the growth of the smart meter market and what impact will they have during the forecast period?
  • What is the current penetration of smart metering in key global markets?
  • Which regions and countries offer the best prospects for growth during the forecast period?
  • What are the predominant communication technologies in key country markets, and what is the potential for change in the future?
  • Which are the key participants in the global and regional markets?

Author: Neha Tatikota

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of Strategic Imperative 8™ on Global Smart Electricity Meter Market

The Impact of Strategic Imperative 8™ on Global Smart Electricity Meter Market (continued)

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Global Smart Electricity Meter Market—Scope of Analysis

Regional Segmentation—Total Smart Electricity Market

Key Questions this Study will Answer

Key Market Trends

Unit Shipment Share by Region

Market Overview

Market Overview (continued)

Market Overview (continued)

Market Overview (continued)

Market Overview (continued)

Market Overview (continued)

Market Overview (continued)

Market Overview (continued)

Market Overview (continued)

Potential Technologies of the Future—LPWAN

Potential Technologies of the Future—LPWAN (continued)

Smart Meters as Grid Intelligent Devices

Evolving Smart Metering Business Models

Smart Metering Analytics for Edge Intelligence

Smart Metering Analytics for Edge Intelligence (continued)

Smart Metering Analytics for Edge Intelligence (continued)

Key Competitors in the Smart Electricity Meter Market

Key Competitors in the Smart Electricity Meter Market (continued)

Key Growth Metrics for the Global Smart Electricity Meter Market

Key Growth Metrics for the Global Smart Electricity Meter Market (continued)

Growth Drivers for the Total Smart Electricity Meter Market

Growth Driver Analysis for the Total Smart Electricity Meter Market

Growth Driver Analysis for the Total Smart Electricity Meter Market (continued)

Growth Driver Analysis for the Total Smart Electricity Meter Market (continued)

Growth Restraints for the Total Smart Electricity Meter Market

Growth Restraint Analysis for the Total Smart Electricity Meter Market

Growth Restraint Analysis for the Total Smart Electricity Meter Market (continued)

Forecast Assumptions—Total Smart Electricity Meter Market

Revenue and Unit Shipment Forecast—Total Smart Electricity Meter Market

Revenue Forecast by Region—Total Smart Electricity Meter Market

Unit Forecast by Region—Total Smart Electricity Meter Market

Units and Revenue Forecast Analysis—Total Smart Electricity Meter Market

Unit and Revenue Forecast Analysis by Region—Total Smart Electricity Meter Market

Unit and Revenue Forecast Analysis by Region—Total Smart Electricity Meter Market (continued)

Competitive Environment—Total Smart Electricity Meter Market

Unit Shipments Market Share—Total Smart Electricity Meter Market

Key Global Participants

Key Global Participants (continued)

Key Global Participants (continued)

Key Growth Metrics for the North American Smart Electricity Meter Market

Revenue and Unit Shipment Forecast—North American Smart Electricity Meter Market

Unit Forecast by Country—North American Electricity Meter Market

Forecast Analysis—North America

Unit Shipments Market Share—North American Smart Electricity Meter Market

Key Growth Metrics for the European Smart Electricity Meter Market

Revenue and Unit Shipment Forecast—European Smart Electricity Meter Market

Unit Forecast by Country—European Smart Electricity Meter Market

Unit Forecast by Country—European Smart Electricity Meter Market (continued)

Forecast Analysis—Europe

Forecast Analysis—Europe (continued)

Unit Shipment Market Share—European Smart Electricity Meter Market

Key Growth Metrics for the APAC Smart Electricity Meter Market

Revenue and Unit Shipment Forecast—APAC Smart Electricity Meter Market

Unit Forecast by Country—APAC Smart Electricity Meter Market

Forecast Analysis—APAC

Forecast Analysis—APAC (continued)

Unit Shipments Market Share—APAC Smart Electricity Meter Market

Key Growth Metrics for the Chinese Smart Electricity Meter Market

Revenue and Unit Shipment Forecast—Chinese Smart Electricity Meter Market

Forecast Analysis—China

Unit Shipments Market Share—Chinese Smart Electricity Meter Market

Key Growth Metrics for the South American Smart Electricity Meter Market

Revenue and Unit Shipment Forecast—South American Smart Electricity Meter Market

Unit Forecast by Country—South American Smart Electricity Meter Market

Forecast Analysis—South America

Unit Shipments Market Share—South American Smart Electricity Meter Market

Key Growth Metrics for the Russia and CIS Smart Electricity Meter Market

Revenue and Unit Shipment Forecast—Russia and CIS Smart Electricity Meter Market

Unit Forecast by Country—Russia and CIS Smart Electricity Meter Market

Forecast Analysis—Russia and CIS

Forecast Analysis—Russia and CIS (continued)

Unit Shipment Market Share—Russia and CIS Smart Electricity Meter Market

Key Growth Metrics for the Middle Eastern Smart Electricity Meter Market

Revenue and Unit Shipment Forecast—The Middle Eastern Smart Electricity Meter Market

Unit Forecast by Country—The Middle Eastern Smart Electricity Meter Market

Forecast Analysis—The Middle East

Forecast Analysis—The Middle East (continued)

Unit Shipments Market Share—The Middle Eastern Smart Electricity Meter Market

Key Growth Metrics for the African Smart Electricity Meter Market

Revenue and Unit Shipment Forecast—African Smart Electricity Meter Market

Unit Forecast by Country—African Smart Electricity Meter Market

Forecast Analysis—Africa

Unit Shipment Market Share—African Smart Electricity Meter Market

Growth Opportunity 1—Service-based Models

Growth Opportunity 1—Service-based Models (continued)

Growth Opportunity 2—Grid Intelligence

Growth Opportunity 2—Grid Intelligence (continued)

Growth Opportunity 3—Game Changers and Go-to-Market Strategies

Growth Opportunity 3—Game Changers and Go-to-Market Strategies (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The global smart meter market continued to register strong growth in 2019, as major rollouts continued to accelerate. China led the trail and various pockets of Europe went ahead with large-scale pilots and installing second-generation smart meters. China continued to account for more than half of the global market, holding 56.2% of the total shipments, as the country continued the replacement cycle on an eighth-yearly basis. Key European markets are Italy and France that hold 59% of the regions shipments, followed by the UK, Germany, and the Netherlands. Europe leads the second wave of metering, with Italy and Sweden to replace existing meters, and with Finland and Denmark expected to follow suit in 2022. The new build market and replacement market are primary drivers for the North American market. Market growth is led by smaller utilities rolling out smart metering and higher replacement rates for the existing base with second generation metering, all likely to drive growth in the future. Japan dominated the Asia-Pacific (APAC) market, while India, South Korea, Taiwan, Malaysia, Indonesia, the Philippines, and Hong Kong are expected to catalyse market growth. UAE and Saudi Arabia will continue to be the hotspots in the Middle East, while Uzbekistan and Russia will be other key markets as roll outs continue in the CIS region. Fuelled further by the COVID-19 outbreak, the laggards in smart metering such as Africa and South America are not expected to have any significant upsurge until the mid term, though there is for long-term potential for recovery. Slowdown of smart meter installations and smart grid projects as a repercussion of COVID-19, has disrupted the growth of the market in the short term, because of lockdowns, supply chain bottlenecks, logistics, new tender, and proposal delays, and restrictions and safety measures related to social distancing in field works. Regulatory requirements in developing regions for the implementation of smart metering transition are also expected to be maintained in the medium-to-long term. With greater emphasis on software and services, the smart metering industry has now transitioned from an equipment-biased industry to be a part of grid-related metering services. The role of smart meters has subtly changed. Power distribution companies increasingly wanting to benefit from digital service opportunities and are largely dependent on manufacturers and third parties to offer smart metering as a service beyond their traditional role of merely offering a network connection and smart meter product. Data-driven services are to be more profitable than commodity margins. Smart metering use cases for low-voltage grid visibility have become extremely crucial alongside offering additional services to customers and enabling real-time monitoring of energy consumption and energy prosumerism. Frost & Sullivans global smart electricity meter market research provides insights into the latest developments in the market, including forecasts on unit shipment, associated revenue for all major regions, and also insights on which country markets are the key to growth.--BEGIN PROMO--

Key Issues Addressed

  • What are the key drivers and restraints for the growth of the smart meter market and what impact will they have during the forecast period?
  • What is the current penetration of smart metering in key global markets?
  • Which regions and countries offer the best prospects for growth during the forecast period?
  • What are the predominant communication technologies in key country markets, and what is the potential for change in the future?
  • Which are the key participants in the global and regional markets?

Author: Neha Tatikota

More Information
No Index No
Podcast No
Predecessor ME34-01-00-00-00
Author Neha Tatikota
Industries Energy
WIP Number MFB9-01-00-00-00
Is Prebook No
GPS Codes 9852