Smart Meters Market: Market Size, Trends and Growth Analysis

Trends, opportunities and forecast in this market to 2017 by various segment and region (North America, Europe, Asia Pacific, Rest of the World)

Publisher: Lucintel Published: June 2012
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Smart Meters Market: Market Size, Trends and Growth Analysis

Report Feature

With increased deployment by the electric utilities, smart meters are rapidly being adopted around the world as part of larger smart grid initiatives. The global smart meter market, which experienced double-digit growth during 2006-2011, is projected to grow further in 2012 with a CAGR of 12% through 2017 and US $8.2 billion.
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Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis of the global smart meter market and presents its findings in "Growth Opportunities in Global Smart Meters Market 2012–2017: Trends, Forecast, and Market Share Analysis."
 
Lucintel’s research indicates that real time information sharing regarding usage and tariff rates is one of the major drivers of this market. In addition, the increased costs in manual reading of meter data, as in case of analog and digital meters, have led to the growth of AMR and AMI. Yet the lack of a compatible, reliable, and flexible protocol development for interaction among different components across this system and lack of customer knowledge regarding use of smart meters remain challenges in smart meter market.
 
Factors affecting the market include technological advances, development of smart meters, and increasing prices of electricity generation along with increases in demand conditions, government incentives to promote green energy, and development of transmission facilities to provide energy to remote areas. The North America, APAC, and ROW markets are expected to show double-digit growth in the forecast period.
 
This report gives useful technical details and market information for both smart meter manufacturers and electrical utilities. The report, which provides trend scenarios and forecast statistics for 2012–2017, details drivers and challenges, industry background and characteristics, and makes an elaborate analysis of the global smart meters market, while also describing growth opportunities,

emerging trends, and leading manufacturers' profiles in the global smart meters market.
 
This research study is designed and intended for use by manufacturers, material suppl

iers, parts fabricators, OEMs, investors, executives, and consultants focused on the utility industry.
 
This unique report from Lucintel is expected to provide you valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report is estimated to save hundreds of hours of your own personal research time and is anticipated to significantly help in expanding your business in this market. In today’s unstable economy, you need every advantage that you can find to keep you ahead in your business.
 
To make business, investment, or strategic decisions, you need timely and adequate information. Smart meter market report fulfills this core need and is an indispensable reference guide for multi-national material suppliers, product manufacturers, investors, executives, distributors and many more, who are dealing with this market.
 
Some of the features of report “Growth Opportunities in Global Smart Meter Market 2012-2017: Trends, Forecast, and Market Share Analysis” include these:
 
  • Global smart meters market size in terms of value shipment
  • Global smart meters market trend and forecast in terms of value shipment
  • Trend (2006-2011) and forecast (2012-2017) of global smart meters market for component and for regions
  • Global smart meters market by components, by regions
  • Porter’s Five Force model for global smart meters market
  • Major drivers and challenges in global smart meters market
  • Emerging trends and new opportunities in global smart meters
  • More than15 figure/charts and five tables are provided in this roughly 69-page report
 

Table of Contents

List of Tables

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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