스마트 에너지 미터 시장은 전략적 이니셔티브와 거대한 투자 계획을 통해 놀라운 궤도를 그리면서 빠르게 성장하고 있습니다. 이 성장 스토리의 중심이 되고 있는 것은, 전력성의 비호아래 기능하는 공공 사업의 복합체인 에너지 효율화 서비스사(Energy Efficiency Services Limited: EESL)입니다. 환경문제에 대한 관심의 증가는 스마트 에너지 미터의 용도를 요구하고 있으며, 그 결과 시장은 2023년 231억 달러를 넘어 2031년까지 363억 달러의 평가액에 이를 전망입니다.
효율적인 에너지 관리와 그리드의 근대화 이니셔티브의 특성으로 인해 상용 손실이 대폭 줄어들고, 세계 에너지 부문이 수익원으로 갈망했던 부스트가 기대되고 스마트 에너지 미터가 CAGR 9.4%로 성장하는 데 도움이 됩니다.
스마트 에너지 미터 시장 정의/개요
스마트 에너지 미터는 전력, 가스, 물의 소비 데이터를 추적 및 감시하는 전자 기기입니다. 이러한 스마트 에너지 미터는 전력선 통신, 고주파 전자기 복사(RF), 휴대전화 연결을 통해 소비 데이터의 세부 정보를 제공하여 전력회사가 에너지 소비를 보다 적절하게 조정할 수 있도록 합니다. 스마트 에너지 미터는 검침 비용 절감, 단선 방지, 청구의 비효율성 배제, 재접속 비용 절감 등 많은 이점을 조직과 소비자에게 제공합니다.
전력 네트워크 자산의 컴퓨터화가 진행됨에 따라 안정적이고 안전한 전자 통신 흐름을 제공하는 것이 필수적입니다. 안전한 무선 공급 요구가 이 시장의 성장을 뒷받침하고 있습니다.
노후화된 인프라를 현대화할 필요성으로 효율성, 신뢰성 및 회복력을 향상시키는 스마트 미터 및 그리드 기술의 도입 수요가 급증하고 있습니다. 에너지 소비를 제어하고 송전망에 대한 부담을 줄여 실시간 배전 데이터에 대응함으로써 송전망을 원격 감시 및 관리한다는 수요가 스마트 에너지 미터의 사용을 필요로 하고 있습니다.
또, 태양광 발전이나 풍력 발전과 같은 신재생 에너지 발전에 대한 경향이 강해지고 있는 것도, 변동하는 발전에 대응해, 그리드의 안정성을 확보하기 위한 스마트 그리드 인프라 채용의 큰 기회를 창출 있습니다.
도시화의 진전은 특히 중국이나 인도 등 인구가 많은 경제권에서 전력 수요를 급증시켜 스마트 그리드 인프라에 대한 투자를 촉진하고 있습니다. 그 때문에, 이러한 나라들에서는, 송전망의 효율 향상, 에너지 손실의 삭감, 에너지 수요의 증가에 대응하는 것에 주력해, 시장에 큰 비즈니스 찬스를 낳고 있습니다.
이 외에도 환경 문제와 에너지 효율에 대한 관심이 높아져 소비 패턴을 감시하고 효율화 대책을 실시하기 위한 지속 가능한 솔루션에 대한 수요가 높아져 소비자와 전력 회사 모두 스마트 에너지 미터를 채용하는 힘을 붙이고 있습니다.
정부가 스마트 에너지 미터의 사용을 의무화하는 것은 온실가스 배출 감소, 에너지 소비, 송전망의 회복력, 에너지 관리에 대한 소비자의 의식과 관여 등 목표 달성에 도움이 될 것으로 보입니다.
셀룰러 네트워크, 무선 주파수(RF), 전력선 통신(PLC)과 같은 기술의 통합은 데이터 전송의 신뢰성, 비용 효과, 스마트 미터의 성능 향상에 도움이 됩니다. 마찬가지로 데이터 분석 플랫폼과 인공지능(AI)은 수집된 에너지 소비 데이터에서 더 깊은 인사이트를 얻을 수 있게 하여 보다 효율적인 그리드 관리와 에너지 절약을 위한 과녁을 좁힌 개입으로 이어집니다.
통신 프로토콜과 데이터 형식의 세계 표준이 부족하기 때문에 서로 다른 스마트 미터 모델과 유틸리티 시스템간에 호환성 문제가 발생할 것으로 예상됩니다. 그 때문에, 미터간의 상호 운용성에 문제가 생기고, 폭넓은 용도가 저해됩니다.
스마트 에너지 미터의 유지 보수 및 설치 비용은 경제적으로 제약을 받는 소비자 및 유틸리티자에게 예산적으로 불리합니다. 마찬가지로 데이터 프라이버시 관리와 에너지 소비에 대처하는 솔루션에 비용을 들일 수 없기 때문에 견고한 데이터 보안 대책이 요구되고 있습니다.
또한 데이터 보안, 에너지 절약, 저레벨 전자기 방사로 인한 건강 위험 최소화 등 스마트 에너지 미터의 장점과 안전성에 대한 지식 부족이 보다 광범위한 보급에 영향을 미치고 있습니다.
사이버 공격에 대한 스마트 미터의 높은 취약성은 송전망의 운영을 혼란스럽게 하거나 데이터를 조작하거나 소비자의 프라이버시를 침해할 수 있기 때문에 견고한 사이버 보안 대책의 구현과 보안 프로토콜의 지속적인 업데이트에 대한 필요성이 증가하고 있습니다.
The Smart Energy Meters Market is rapidly unfolding, marking an impressive trajectory driven by strategic initiatives and mammoth investment plans. Central to this growth story is the Energy Efficiency Services Limited (EESL) a conglomerate of public sector undertakings functioning under the aegis of the Ministry of Power. The growing environmental concerns is demanding application of smart energy meters, thereby enabling the market reach a valuation of USD 36.3 Billion by 2031, surpassingUSD 23.1 Billion, which was verified in 2023.
The focus on lowering power cutting through real-time monitoring is likely to further create lucrative opportunities for the market. the efficient energy management and grid modernization initiatives characteristics are expected to significantly reduce commercial losses and give the energy sector across the globe a much-needed boost to its revenue streams, helping the smart energy meter grow at aCAGR of 9.4%.
Smart Energy Meters Market: Definition/Overview
Smart Energy Meters are electronic devices that tracks and monitors the power, gas, and water consumption data. These smart energy meters may provide the details about the data consumed via power line communication, radiofrequency electromagnetic radiation (RF), and cellular connection, allowing the utility to better regulate energy consumption. Smart Energy Meters provide organizations and consumers with many advantages, including lower meter reading costs, the prevention of disconnection, the elimination of billing inefficiencies, and lower reconnection expenses.
It is essential to provide a stable and secure stream of electronic communications as the power network assets have become more computerized. The need for secure wireless supply is bolstering the growth of this market.
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The need to modernize the aging infrastructure is surging demand for inclusion of smart meters or grid technology to improve efficiency, reliability, and resilience. This demand for controlling energy consumption, reducing strain on grids, remote monitoring and managing the grid by addressing the real-time power distribution data is necessitating the use of smart energy meters.
Also, growing inclination toward renewable energy sources, like solar and wind power, is creating immense opportunities for the adoption of smart grid infrastructure for accommodating variable power generation and ensuring grid stability.
Growing urbanization is surging higher demand for electricity, especially in the heavily populated economies such as China, India, and others, driving investments in the smart grid infrastructure. Thereby, creating huge opportunities for the market in these countries focusing on improving grid efficiency, reducing energy losses, and catering growing energy demands.
In addition to this, growing environmental concerns and energy efficiency is bolstering demand for sustainable solutions to monitor the consumption patterns and implement efficiency measures, thereby empowering both the consumers and utilities to adopt smart energy meters.
Governments mandating use of smart energy meters is likely to help achieve goals such as lowering greenhouse gas emission, energy consumption, grid resilience, and consumer awareness and engagement in energy management.
Integration of technologies, including cellular networks, radio frequency (RF), and power line communication (PLC), help enhance reliability of data transfer, cost-effectiveness, and performance of smart meters. Likewise, data analytics platforms and artificial intelligence (AI) are enabling obtain deeper insights from collected energy consumption data, leading to more efficient grid management and targeted interventions for energy savings.
The lack of global standards for communication protocols and data formats is expected to create compatibility issues between different smart meter models and utility systems. Thereby, leading issues in interoperability between the meters, inhibiting its wide range applications.
The maintenance and installation charges of smart energy meter are non-budget friendly for the financially constrained consumers and utilities. Likewise, the inability to spend on solutions dealing with data privacy management and energy consumption are demanding robust data security measures.
Also, the lack of knowledge regarding the benefits and safety of smart energy meters such as data security, energy savings, and minimal health risks with low-level electromagnetic radiation emissions is impacting its broader adoption.
The high vulnerability of smart meters to cyberattacks will potentially disrupt grid operations, manipulate data, or compromise consumer privacy, surging need for implementation of robust cybersecurity measures and constantly updating security protocols are crucial to mitigate these risks.
According to our analyst, residential sector holds dominant position in the Smart Energy Meters Market, accounting for a significant portion of global deployments. This dominance is attributable to the larger consumer base using electricity in the residential sector in comparison to the commercial and industrial sectors.
Growing awareness regarding the impact of overconsumption of energy on the environment is encouraging the governments to focus on implementing sustainable measures such as smart energy meters for improving energy efficiency and advancing grid modernization. This smart technology also helps improve the bill accuracy, thereby helping control the spending on energy.
The addition of latest technologies is helping the smart energy meters decrease the cost, making them more accessible for the residential sector.
Does Advanced Metering Infrastructure (AMI) technology Hold Dominant Position in the Market?
The advanced metering infrastructure (AMI) segment is anticipated to hold a major share in the global Smart Energy Meters Market over the forecast period. Despite its higher cost, remote monitoring and management offered by AMI is projected to enhance its application for improving the grid stability.
Also, the additional features such as tamper detection, remote control, and power quality monitoring capabilities are projected to boost its application across various sectors including residential, industrial, and commercial.
While the initial investment is higher, the benefits such as grid efficiency, data-driven decision making, and potential cost savings in the long run offered by AMIs is likely to bolster its adoption.
Asia Pacific is estimated to dominate the global Smart Energy Meters Market over the forecast period. The economic growth in Asia Pacific is promoting grid modernization along with the support of government, increasing adoption of smart energy meters.
Also, growing population is leading to rapid urbanization, resulting in higher demand for these smart solutions, enabling the market grow at a substantial rate.
The government supporting promotion of installation of smart energy meters owing to it benefits such improving bill accuracy and energy-savings is also on the rise in the region, profiting the market.
Furthermore, the presence of local manufacturers in this region is increasing accessibility of customers and utilities to affordable smart meters suitable for residential applications in emerging economies.
According to the Verified Market Research analysts, through regulatory initiatives, like the EU Clean Energy Package, Energy Efficiency Directive, and Renewable Energy Directive, promoting energy efficiency and grid modernization enable Europe exhibit steady growth. In order to encourage widespread adoption and investment in smart metering infrastructure across European nations, these regulations mandate the installation of smart meters for gas and electricity consumers. Europe's obligation to decreasing ozone depleting substance emanations and changing towards sustainable power sources requires proficient energy the board and framework improvement.
Brilliant energy meters assume a critical part in empowering request reaction, energy productivity projects, and coordination of sustainable power assets into the lattice. As European nations speed up their energy change endeavors, the interest for savvy meters keeps on developing, reinforcing the business' development in the district.
Growing demand for the energy saving and grid modernization is encouraging the manufacturers to develop sustainable and smart solutions, thereby increasing its global application. Market competitors are constantly striving to improve the efficiency, safety, and overall performance of smart energy meters to cater to the needs of consumers and utilities, resulting in a dynamic and competitive environment within the sector.
Some of the prominent players operating in the Smart Energy Meters Market include:
Landis+Gyr, Itron Inc., Elster Group GmbH (Honeywell), Siemens AG, Schneider Electric SE, Kamstrup A/S, Sensus (Xylem Inc.), Wasion Group Holdings Limited, Holley Technology Ltd., Neptune Technology Group Inc., Aclara Technologies LLC, Trilliant Holdings Inc., EDMI Limited, Iskraemeco, Osaki Electric Co., ADD Grup SRL, Badger Meter, ABB Ltd., Sagemcom SAS, Hexing Electric Company Ltd., and Microchip Technology Inc.
In February 2024, Itron, Inc. announced a new brand identity reflecting the organization's evolution and a new era of offering advanced intelligence to develop a more resourceful world. They plan on focusing on sustainability and resourcefulness overcome challenges of water and energy scarcity.
In November 2022, Landis Gyr has expanded its portfolio in Smart Metering, Grid Edge Intelligence and Smart Infrastructure fields and will be exhibiting the latest hardware and software solutions for electricity, heat, gas, and water metering.
In September 2022, EDMI has launched its brand MIRA which are communications agnostic, enabling end-to-end visibility and control based on industry standard protocols such as DLMS, IDIS, and LIWM2M over a wide range of bearer services including 4G, NB-IoT, RF Mesh.
In October 2021, Siemens Smart infrastructure and its partners, Sagemcom and Bite Lietuva, participated in the rollout of 12 Million smart meters across Lithuania.