Smart power: The industry will thrive on rising energy consumption and housing starts

The Smart Meter Manufacturing industry has surged ahead during the past five years, fueled by growing demand for smart meters and aggressive adoption of the technology in states such as Texas and California. In addition to improving housing and construction activity, demand for industry products has benefited from a greater number of utilities converting to smart grids. Similar trends are expected in the five years to 2020, as a greater number of states and regions adopt smart grid utilities. Additonallly, emerging market grwoth will prompt healthy external demand...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
7.6%
Forecast Growth 16-21
Profit
Employment
3,538
Businesses
61
Market Share of Companies

Industry Threats & Opportunities

  • The industry’s rapid expansion will be reinforced by renewed housing construction
  • Recovery in housing and construction has helped sustain industry demand
  • Growth opportunities exist in regions where smart meter adoption is not yet widespread
  • Industry Report - Industry Analysis Chapter

    The Smart Meter Manufacturing industry has exhibited rapid growth over the five years to 2016, largely as a result of a greater number of utilities converting to smart grids. Smart grids use digital technology for two-way communication between the utility and consumer, allowing for increased efficiency and innovation in energy distribution. In addition to strong demand from the smart grid transition, the industry has benefited from substantial government support, as exemplified by a $3.4 billion stimulus fund from the American Recovery and Reinvestment Act (ARRA) of 2009. As a result, production of smart meters has exploded for much of the past five years. Overall, industry revenue is expected to increase an annualized 7.6% to $1.8 billion in 2016...purchase to read more.

    Additional Insights for the Smart Meter Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Smart Meter Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Effective quality control
  • Access to high quality inputs
  • IBISWorld analysts also discuss how external factors such as Electric power consumption and Trade-weighted index in the Smart Meter Manufacturing industry impact industry performance..

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    What's in this report

    What is the Smart Meter Manufacturing Industry?

    This industry manufactures smart meters, which are electrical, gas or water meters that record consumption information in intervals of an hour or less and communicate this information back to the utility for monitoring and billing purposes. Smart meters enable two-way communication between the meter and the central system.

    Industry Products
  • Electric meters
  • Gas meters
  • Water meters
  • Industry Activities
  • Manufacturing electricity smart meters
  • Manufacturing gas smart meters
  • Manufacturing water smart meters
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Electric power consumption
  • Trade-weighted index
  • Value of utilities construction
  • Housing starts

  • Current Performance
  • Smart meter adoption
  • Demand drivers
  • Industry expansion and trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Adoption rates to accelerate
  • Consumption and construction
  • Industry expansion to continue
  • Table: Smart Meter Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Smart Meter Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Utilities
  • Consumers

  • Key Selling Industries
  • Metal Pipe & Tube Manufacturing
  • Metalworking Machinery Manufacturing
  • Telecommunication Networking Equipment Manufacturing

  • Products & Services
  • Electric meters
  • Gas meters
  • Water meters
  • Chart: Smart Meter Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential market
  • Commercial market
  • Industrial market
  • Chart: Major Market Segmentation for the Smart Meter Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Smart Meter Manufacturing

  • Basis of Competition
    PricePrice is a major competitive factor for smart meter manufacturers, and the ability to compete on price is impacted by cost structures. Domestic manufacturers often compete with manufacturers located in countries where labor costs are low and supply chains are close.QualityIt is important for smart meters and all associated smart grid technology components to have high performance and reliability, given that these products serve consumers and businesses through utilities companies. Existing and established companies in this industry have a strong understanding of their markets and of their customers’ requirements.TechnologyInvestment in research and development can help set a company apart from its competitors. Technologically advanced smart meters and components may offer customers products that have longer operating lives, lower operating costs and greater reliability; such products are often accepted quickly and purchased over other products. Timeliness of deliveries is also important for customers who wish to maintain consistent levels of stock and ensure that their stock levels do not fall too low. Manufacturers are increasingly switching to automated inventory control software, improving efficiencies in numerous areas of business.
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Smart Meter Manufacturing Industry

  • Industry Globalization
    Itron Inc., Aclara Technologies LLC,
  • Table: Itron Inc. - financial performance
  • Table: Aclara Technologies LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Smart Meter Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Smart Meter Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Electric power consumption (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Advanced Metering Infrastructure (Ami)
  • A smart meter system used to communicate the utility company with the consumer. AMI collects, measures and analyzes energy consumption data.
  • Automatic Meter Reading (Amr)
  • A smart meter system that collects data from energy meter devices and transfers that data to a central database.
  • Demand Response
  • An electric grid mechanism used to manage consumer consumption habits in response to energy supply conditions.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Smart Meter Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Smart Meter Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Smart Meter Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Smart Meter Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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