Global Smart Meters Market was valued at USD 12.77 Billion for the year 2017. Smart Meters Market is further expected to grow at a CAGR of 9.74% from 2018 to reach USD 22.31 Billion by the year 2023. Asia-Pacific region holds the highest market share in 2017. The Asia-Pacific region is also considered as the fastest growing market in the forecasted period. China is the major market in 2017 at country level and it is also further anticipated to grow at a steady pace in the next 5 years.

Siemens AG (Germany), Schneider Electric (France), Honeywell International, Inc. (US), are some of the top players in the Smart Meters Market with Schneider Electric holding a substantial market share in 2017. Better global reach, at operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

Drivers:
Increasing investments in Smart Grids
Government Legislation and Policies
Restraints:
High installation cost
Opportunities:
Implementation in IoT & big data analytics
Challenges:
High maintenance cost

The segmentation done on the basis of Technology include Advanced Metering Infrastructure (AMI), and Automatic Meter Reading (AMR) of which the AMI segment is expected to hold the highest market share during the forecast period.

Segmentation done on the basis of Application includes industrial, commercial and residential segment of which residential segment is expected to grow at the highest CAGR during the forecasted period.

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Key Benefits for Stakeholders
Smart Meters Manufacturers & Distributors
Research and Consulting organization
Government bodies
End use industries
Regulatory bodies, policy makers and consumers.

By Type
Smart Water Meters
Smart Gas Meters
Smart Electric Meters

By Application
Industrial
Residential
Commercial

By Technology
Advanced Metering Infrastructure
Automatic Meter Reading

By Region
North America
Europe
Asia-Pacific
ROW

Key Market Players
Siemens AG
EDMI Limited
Schneider Electric
Honeywell International, Inc.
Itron, Inc.
Sensus (Xylem)
Holley Metering, Limited
EDMI Limited
Badger Meter, Inc.
Aclara Technologies, LLC
Wasion Group
ICSA (India), Limited
(Another brief information of 13 companies will provided in report)

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