Global Smart Meters Market 2022-2032 by Component (Hardware, Software & Service), Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase (Single, Three), Specification (SMETS1, SMETS2), Application (Electricity, Gas, Water), End Use (Residential, Commercial, Industrial), and Region: Trend Forecast and Growth Opportunity
Global smart meters market will reach $42.67 billion by 2032, growing by 8.3% annually over 2022-2032. The growth is driven by the advancements in metering technologies, the rising awareness among people regarding energy conservation, a surging focus of governments on replacing conventional meters with smart meters, increasing upgrades of transmission & distribution infrastructure, and rising investments in smart grid projects.
Highlighted with 85 tables and 94 figures, this 187-page report “Global Smart Meters Market 2022-2032 by Component (Hardware, Software & Service), Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase (Single, Three), Specification (SMETS1, SMETS2), Application (Electricity, Gas, Water), End Use (Residential, Commercial, Industrial), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global smart meters market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global smart meters market in every aspect of the classification from perspectives of Component, Technology, Communication Type, Phase, Specification, Application, End Use, and Region.
Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
• Software & Service
Based on Technology, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
By Communication Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Cellular Technology
• Radio Frequency (RF)
• Power Line Communication (PLC)
• Other Communication Types
By Phase, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Single-phase Smart Meters
• Three-phase Smart Meters
By Specification, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• SMETS1 Smart Meters
• SMETS2 Smart Meters
By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2032 included in each section.
• Smart Electricity Meters
• Smart Gas Meters
• Smart Water Meters
By End Use, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Residential Use
• Commercial Use
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Technology, Application, and End Use over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AEM
Aichi Tokei Denki Co., Ltd.
Apator SA
Azbil Kimmon Co., Ltd. (Azbil Corporation)
Badger Meter, Inc.
Diehl Stiftung & Co. KG
EDMI
Elster Group GmbH (Honeywell International Inc.)
Hexing Electric Company Ltd.
Holley Technology Ltd.
Iskraemeco
Itron Inc.
Jiangsu Linyang Energy Co., Ltd.
Kamstrup AS
Landis+Gyr Group AG
Neptune Technology Group Inc.
Ningbo Sanxing Electric Co., Ltd.
Pietro Fiorentini SpA
Sagemcom SAS
Schneider Electric SA
Sensus Usa Inc. (Xylem Inc.)
Siemens AG
Wasion Holdings Limited
Yazaki Corporation
Zenner International GmbH & Co. KG
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 10
1.1 Industry Definition and Research Scope 10
1.1.1 Industry Definition 10
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 22
2.1 Market Size and Forecast 22
2.1.1 Impact of COVID-19 on World Economy 24
2.1.2 Impact of COVID-19 on the Market 27
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 29
2.2 Major Growth Drivers 33
2.3 Market Restraints and Challenges 38
2.4 Emerging Opportunities and Market Trends 41
2.5 Porter’s Fiver Forces Analysis 45
3 Segmentation of Global Market by Component 49
3.1 Market Overview by Component 49
3.2 Hardware 51
3.3 Software & Service 52
4 Segmentation of Global Market by Technology 53
4.1 Market Overview by Technology 53
4.2 Automatic Meter Reading (AMR) 55
4.3 Advanced Metering Infrastructure (AMI) 56
5 Segmentation of Global Market by Communication Type 57
5.1 Market Overview by Communication Type 57
5.2 Cellular Technology 59
5.3 Radio Frequency (RF) 60
5.4 Power Line Communication (PLC) 61
5.5 Other Communication Types 62
6 Segmentation of Global Market by Phase 63
6.1 Market Overview by Phase 63
6.2 Single-phase Smart Meters 65
6.3 Three-phase Smart Meters 66
7 Segmentation of Global Market by Specification 67
7.1 Market Overview by Specification 67
7.2 SMETS1 Smart Meters 69
7.3 SMETS2 Smart Meters 70
8 Segmentation of Global Market by Application 71
8.1 Market Overview by Application 71
8.2 Smart Electricity Meters 75
8.3 Smart Gas Meters 77
8.4 Smart Water Meters 79
9 Segmentation of Global Market by End Use 81
9.1 Market Overview by End Use 81
9.2 Residential Use 83
9.3 Commercial Use 84
9.4 Industrial Use 85
10 Segmentation of Global Market by Region 86
10.1 Geographic Market Overview 2022-2032 86
10.2 North America Market 2022-2032 by Country 90
10.2.1 Overview of North America Market 90
10.2.2 U.S. 94
10.2.3 Canada 98
10.2.4 Mexico 100
10.3 European Market 2022-2032 by Country 102
10.3.1 Overview of European Market 102
10.3.2 Germany 106
10.3.3 U.K. 108
10.3.4 France 110
10.3.5 Spain 112
10.3.6 Italy 114
10.3.7 Russia 116
10.3.8 Rest of European Market 118
10.4 Asia-Pacific Market 2022-2032 by Country 120
10.4.1 Overview of Asia-Pacific Market 120
10.4.2 Japan 124
10.4.3 China 127
10.4.4 Australia 129
10.4.5 India 131
10.4.6 South Korea 133
10.4.7 Rest of APAC Region 135
10.5 South America Market 2022-2032 by Country 137
10.5.1 Argentina 140
10.5.2 Brazil 142
10.5.3 Chile 144
10.5.4 Rest of South America Market 146
10.6 MEA Market 2022-2032 by Country 147
10.6.1 UAE 150
10.6.2 Saudi Arabia 152
10.6.3 South Africa 154
10.6.4 Other National Markets 156
11 Competitive Landscape 157
11.1 Overview of Key Vendors 157
11.2 New Product Launch, Partnership, Investment, and M&A 160
11.3 Company Profiles 161
AEM 161
Aichi Tokei Denki Co., Ltd. 163
Apator SA 164
Azbil Kimmon Co., Ltd. (Azbil Corporation) 165
Badger Meter, Inc. 166
Diehl Stiftung & Co. KG 167
EDMI 168
Elster Group GmbH (Honeywell International Inc.) 169
Hexing Electric Company Ltd. 170
Holley Technology Ltd. 171
Iskraemeco 172
Itron Inc. 173
Jiangsu Linyang Energy Co., Ltd. 174
Kamstrup AS 175
Landis+Gyr Group AG 176
Neptune Technology Group Inc. 177
Ningbo Sanxing Electric Co., Ltd. 178
Pietro Fiorentini SpA 179
Sagemcom SAS 180
Schneider Electric SA 181
Sensus Usa Inc. (Xylem Inc.) 182
Siemens AG 183
Wasion Holdings Limited 184
Yazaki Corporation 185
Zenner International GmbH & Co. KG 186
RELATED REPORTS 187
List of Tables:
Table 1. Snapshot of Global Smart Meters Market in Balanced Perspective, 2022-2032 20
Table 2. World Economic Outlook, 2021-2031 25
Table 3. World Economic Outlook, 2021-2023 26
Table 4. Scenarios for Economic Impact of Ukraine Crisis 30
Table 5. Main Product Trends and Market Opportunities in Global Smart Meters Market 41
Table 6. Global Smart Meters Market by Component, 2022-2032, $ mn 49
Table 7. Global Smart Meters Market by Technology, 2022-2032, $ mn 53
Table 8. Global Smart Meters Market by Communication Type, 2022-2032, $ mn 57
Table 9. Global Smart Meters Market by Phase, 2022-2032, $ mn 63
Table 10. Global Smart Meters Market by Specification, 2022-2032, $ mn 67
Table 11. Global Smart Meters Market by Application by Value, 2022-2032, $ mn 71
Table 12. Global Smart Meters Market by Application by Volume, 2022-2032, million units 73
Table 13. Global Smart Meters Market by End Use, 2022-2032, $ mn 81
Table 14. Global Smart Meters Market by Region, 2022-2032, $ mn 87
Table 15. Leading National Smart Meters Market, 2022 and 2032, $ mn 89
Table 16. North America Smart Meters Market by Country, 2022-2032, $ mn 92
Table 17. U.S. Smart Meters Market by Technology, 2022-2032, $ mn 96
Table 18. U.S. Smart Meters Market by Application, 2022-2032, $ mn 96
Table 19. U.S. Smart Meters Market by End Use, 2022-2032, $ mn 96
Table 20. Canada Smart Meters Market by Technology, 2022-2032, $ mn 99
Table 21. Canada Smart Meters Market by Application, 2022-2032, $ mn 99
Table 22. Canada Smart Meters Market by End Use, 2022-2032, $ mn 99
Table 23. Mexico Smart Meters Market by Technology, 2022-2032, $ mn 101
Table 24. Mexico Smart Meters Market by Application, 2022-2032, $ mn 101
Table 25. Mexico Smart Meters Market by End Use, 2022-2032, $ mn 101
Table 26. Europe Smart Meters Market by Country, 2022-2032, $ mn 105
Table 27. Germany Smart Meters Market by Technology, 2022-2032, $ mn 107
Table 28. Germany Smart Meters Market by Application, 2022-2032, $ mn 107
Table 29. Germany Smart Meters Market by End Use, 2022-2032, $ mn 107
Table 30. U.K. Smart Meters Market by Technology, 2022-2032, $ mn 109
Table 31. U.K. Smart Meters Market by Application, 2022-2032, $ mn 109
Table 32. U.K. Smart Meters Market by End Use, 2022-2032, $ mn 109
Table 33. France Smart Meters Market by Technology, 2022-2032, $ mn 111
Table 34. France Smart Meters Market by Application, 2022-2032, $ mn 111
Table 35. France Smart Meters Market by End Use, 2022-2032, $ mn 111
Table 36. Spain Smart Meters Market by Technology, 2022-2032, $ mn 113
Table 37. Spain Smart Meters Market by Application, 2022-2032, $ mn 113
Table 38. Spain Smart Meters Market by End Use, 2022-2032, $ mn 113
Table 39. Italy Smart Meters Market by Technology, 2022-2032, $ mn 115
Table 40. Italy Smart Meters Market by Application, 2022-2032, $ mn 115
Table 41. Italy Smart Meters Market by End Use, 2022-2032, $ mn 115
Table 42. Russia Smart Meters Market by Technology, 2022-2032, $ mn 117
Table 43. Russia Smart Meters Market by Application, 2022-2032, $ mn 117
Table 44. Russia Smart Meters Market by End Use, 2022-2032, $ mn 117
Table 45. Smart Meters Market in Rest of Europe by Country, 2022-2032, $ mn 119
Table 46. APAC Smart Meters Market by Country, 2022-2032, $ mn 122
Table 47. Japan Smart Meters Market by Technology, 2022-2032, $ mn 126
Table 48. Japan Smart Meters Market by Application, 2022-2032, $ mn 126
Table 49. Japan Smart Meters Market by End Use, 2022-2032, $ mn 126
Table 50. China Smart Meters Market by Technology, 2022-2032, $ mn 128
Table 51. China Smart Meters Market by Application, 2022-2032, $ mn 128
Table 52. China Smart Meters Market by End Use, 2022-2032, $ mn 128
Table 53. Australia Smart Meters Market by Technology, 2022-2032, $ mn 130
Table 54. Australia Smart Meters Market by Application, 2022-2032, $ mn 130
Table 55. Australia Smart Meters Market by End Use, 2022-2032, $ mn 130
Table 56. India Smart Meters Market by Technology, 2022-2032, $ mn 132
Table 57. India Smart Meters Market by Application, 2022-2032, $ mn 132
Table 58. India Smart Meters Market by End Use, 2022-2032, $ mn 132
Table 59. South Korea Smart Meters Market by Technology, 2022-2032, $ mn 134
Table 60. South Korea Smart Meters Market by Application, 2022-2032, $ mn 134
Table 61. South Korea Smart Meters Market by End Use, 2022-2032, $ mn 134
Table 62. Smart Meters Market in Rest of APAC by Country/Region, 2022-2032, $ mn 136
Table 63. South America Smart Meters Market by Country, 2022-2032, $ mn 139
Table 64. Argentina Smart Meters Market by Technology, 2022-2032, $ mn 141
Table 65. Argentina Smart Meters Market by Application, 2022-2032, $ mn 141
Table 66. Argentina Smart Meters Market by End Use, 2022-2032, $ mn 141
Table 67. Brazil Smart Meters Market by Technology, 2022-2032, $ mn 143
Table 68. Brazil Smart Meters Market by Application, 2022-2032, $ mn 143
Table 69. Brazil Smart Meters Market by End Use, 2022-2032, $ mn 143
Table 70. Chile Smart Meters Market by Technology, 2022-2032, $ mn 145
Table 71. Chile Smart Meters Market by Application, 2022-2032, $ mn 145
Table 72. Chile Smart Meters Market by End Use, 2022-2032, $ mn 145
Table 73. MEA Smart Meters Market by Country, 2022-2032, $ mn 149
Table 74. UAE Smart Meters Market by Technology, 2022-2032, $ mn 151
Table 75. UAE Smart Meters Market by Application, 2022-2032, $ mn 151
Table 76. UAE Smart Meters Market by End Use, 2022-2032, $ mn 151
Table 77. Saudi Arabia Smart Meters Market by Technology, 2022-2032, $ mn 153
Table 78. Saudi Arabia Smart Meters Market by Application, 2022-2032, $ mn 153
Table 79. Saudi Arabia Smart Meters Market by End Use, 2022-2032, $ mn 153
Table 80. South Africa Smart Meters Market by Technology, 2022-2032, $ mn 155
Table 81. South Africa Smart Meters Market by Application, 2022-2032, $ mn 155
Table 82. South Africa Smart Meters Market by End Use, 2022-2032, $ mn 155
Table 83. AEM: Company Snapshot 161
Table 84. AEM: Business Segmentation 162
Table 85. AEM: Product Portfolio 162
List of Figures:
Figure 1. Research Method Flow Chart 14
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 17
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 19
Figure 4. Global Smart Meters Market by Value, 2022-2032, $ mn 22
Figure 5. Global Smart Meters Market by Volume, 2022-2032, million units 23
Figure 6. Impact of COVID-19 on Business 27
Figure 7. Primary Drivers and Impact Factors of Global Smart Meters Market 33
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million 36
Figure 9. Worldwide Smart Grid Technology Market, 2022-2028, $ billion 36
Figure 10. Drivers for Smart Technology Investment 37
Figure 11. Primary Restraints and Impact Factors of Global Smart Meters Market 38
Figure 12. Investment Opportunity Analysis 42
Figure 13. Porter’s Fiver Forces Analysis of Global Smart Meters Market 45
Figure 14. Breakdown of Global Smart Meters Market by Component, 2022-2032, % of Revenue 50
Figure 15. Global Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 50
Figure 16. Global Smart Meters Market by Component: Hardware, 2022-2032, $ mn 51
Figure 17. Global Smart Meters Market by Component: Software & Service, 2022-2032, $ mn 52
Figure 18. Breakdown of Global Smart Meters Market by Technology, 2022-2032, % of Sales Revenue 54
Figure 19. Global Addressable Market Cap in 2023-2032 by Technology, Value ($ mn) and Share (%) 54
Figure 20. Global Smart Meters Market by Technology: Automatic Meter Reading (AMR), 2022-2032, $ mn 55
Figure 21. Global Smart Meters Market by Technology: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 56
Figure 22. Breakdown of Global Smart Meters Market by Communication Type, 2022-2032, % of Sales Revenue 58
Figure 23. Global Addressable Market Cap in 2023-2032 by Communication Type, Value ($ mn) and Share (%) 58
Figure 24. Global Smart Meters Market by Communication Type: Cellular Technology, 2022-2032, $ mn 59
Figure 25. Global Smart Meters Market by Communication Type: Radio Frequency (RF), 2022-2032, $ mn 60
Figure 26. Global Smart Meters Market by Communication Type: Power Line Communication (PLC), 2022-2032, $ mn 61
Figure 27. Global Smart Meters Market by Communication Type: Other Communication Types, 2022-2032, $ mn 62
Figure 28. Breakdown of Global Smart Meters Market by Phase, 2022-2032, % of Revenue 64
Figure 29. Global Addressable Market Cap in 2023-2032 by Phase, Value ($ mn) and Share (%) 64
Figure 30. Global Smart Meters Market by Phase: Single-phase Smart Meters, 2022-2032, $ mn 65
Figure 31. Global Smart Meters Market by Phase: Three-phase Smart Meters, 2022-2032, $ mn 66
Figure 32. Breakdown of Global Smart Meters Market by Specification, 2022-2032, % of Revenue 68
Figure 33. Global Addressable Market Cap in 2023-2032 by Specification, Value ($ mn) and Share (%) 68
Figure 34. Global Smart Meters Market by Specification: SMETS1 Smart Meters, 2022-2032, $ mn 69
Figure 35. Global Smart Meters Market by Specification: SMETS2 Smart Meters, 2022-2032, $ mn 70
Figure 36. Breakdown of Global Smart Meters Market by Application, 2022-2032, % of Sales Value 71
Figure 37. Global Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 72
Figure 38. Breakdown of Global Smart Meters Market by Application, 2022-2032, % of Sales Volume 73
Figure 39. Global Addressable Market Cap in 2023-2032 by Application, Volume (million units) and Share (%) 74
Figure 40. Global Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, $ mn 75
Figure 41. Global Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, million units 76
Figure 42. Global Smart Meters Market by Application: Smart Gas Meters, 2022-2032, $ mn 77
Figure 43. Global Smart Meters Market by Application: Smart Gas Meters, 2022-2032, million units 78
Figure 44. Global Smart Meters Market by Application: Smart Water Meters, 2022-2032, $ mn 79
Figure 45. Global Smart Meters Market by Application: Smart Water Meters, 2022-2032, million units 80
Figure 46. Breakdown of Global Smart Meters Market by End Use, 2022-2032, % of Revenue 81
Figure 47. Global Addressable Market Cap in 2023-2032 by End Use, Value ($ mn) and Share (%) 82
Figure 48. Global Smart Meters Market by End Use: Residential Use, 2022-2032, $ mn 83
Figure 49. Global Smart Meters Market by End Use: Commercial Use, 2022-2032, $ mn 84
Figure 50. Global Smart Meters Market by End Use: Industrial Use, 2022-2032, $ mn 85
Figure 51. Global Market Snapshot by Region 86
Figure 52. Geographic Spread of Worldwide Smart Meters Market, 2022-2032, % of Sales Revenue 87
Figure 53. Global Addressable Market Cap in 2023-2032 by Region, Value ($ mn) and Share (%) 88
Figure 54. North American Smart Meters Market, 2022-2032, $ mn 91
Figure 55. Breakdown of North America Smart Meters Market by Country, 2022 and 2032, % of Revenue 92
Figure 56. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 93
Figure 57. U.S. Smart Meters Market, 2022-2032, $ mn 95
Figure 58. U.S. Annual Investment on Smart Grid, 2014-2026, $ bn 97
Figure 59. U.S. Smart Electric Meter Deployment by State, 2018, % of Customers 97
Figure 60. Canada Smart Meters Market, 2022-2032, $ mn 98
Figure 61. Smart Meters Market in Mexico, 2022-2032, $ mn 100
Figure 62. European Smart Meters Market, 2022-2032, $ mn 103
Figure 63. Breakdown of European Smart Meters Market by Country, 2022 and 2032, % of Revenue 104
Figure 64. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 105
Figure 65. Smart Meters Market in Germany, 2022-2032, $ mn 106
Figure 66. Smart Meters Market in U.K., 2022-2032, $ mn 108
Figure 67. Smart Meters Market in France, 2022-2032, $ mn 110
Figure 68. Smart Meters Market in Spain, 2022-2032, $ mn 112
Figure 69. Smart Meters Market in Italy, 2022-2032, $ mn 114
Figure 70. Smart Meters Market in Russia, 2022-2032, $ mn 116
Figure 71. Smart Meters Market in Rest of Europe, 2022-2032, $ mn 118
Figure 72. Asia-Pacific Smart Meters Market, 2022-2032, $ mn 121
Figure 73. Breakdown of APAC Smart Meters Market by Country, 2022 and 2032, % of Revenue 121
Figure 74. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 123
Figure 75. Smart Meters Market in Japan, 2022-2032, $ mn 125
Figure 76. Smart Meters Market in China, 2022-2032, $ mn 127
Figure 77. Smart Meters Market in Australia, 2022-2032, $ mn 129
Figure 78. Smart Meters Market in India, 2022-2032, $ mn 131
Figure 79. Smart Meters Market in South Korea, 2022-2032, $ mn 133
Figure 80. Smart Meters Market in Rest of APAC, 2022-2032, $ mn 135
Figure 81. South America Smart Meters Market, 2022-2032, $ mn 138
Figure 82. Breakdown of South America Smart Meters Market by Country, 2022 and 2032, % of Revenue 138
Figure 83. Contribution to South America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 139
Figure 84. Smart Meters Market in Argentina, 2022-2032, $ mn 140
Figure 85. Smart Meters Market in Brazil, 2022-2032, $ mn 142
Figure 86. Smart Meters Market in Chile, 2022-2032, $ mn 144
Figure 87. Smart Meters Market in Rest of South America, 2022-2032, $ mn 146
Figure 88. Smart Meters Market in Middle East and Africa (MEA), 2022-2032, $ mn 148
Figure 89. Breakdown of MEA Smart Meters Market by Country, 2022 and 2032, % of Revenue 148
Figure 90. Contribution to MEA 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 149
Figure 91. Smart Meters Market in UAE, 2022-2032, $ mn 150
Figure 92. Smart Meters Market in Saudi Arabia, 2022-2032, $ mn 152
Figure 93. Smart Meters Market in South Africa, 2022-2032, $ mn 154
Figure 94. Growth Stage of Global Smart Meters Industry over the Forecast Period 157
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
| Historical Data (2015-2019) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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