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Press Release:

Global Prepaid Electricity Metering Market to Reach US$ 8.4 Billion by 2027, Bolstered by Growing Demand for Energy Security

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Prepaid Electricity Metering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global prepaid electricity metering market reached a value of US$ 5.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2027, exhibiting at a CAGR of 7.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

The efficient utilization of electricity currently represents one of the biggest concerns around the world. This has resulted in a shift from convention electromechanical meters to prepaid electricity meters as they provide better security and control and enable users to pay for electricity in advance as well as keep track of the electricity consumed. Besides this, prepaid electricity meters help minimize the gap between the cost of power supply and revenue realized by ensuring timely payments. Consequently, their utilization is increasing in both the emerging and developed economies.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Prepaid Electricity Metering Market Trends:

At present, there is a significant rise in the demand for energy security across the globe. As energy conservation and efficient utilization of power are key aspects of energy security, there is an increase in the overall sales of prepaid electricity meters across the globe. These meters instantly provide data of power consumption, which is then analyzed by users to control the use and stabilize energy demands. Besides this, prepaid electricity meters are getting more preference, especially in emerging economies, as the leading electricity firms are focusing on reducing their financial losses due to consumers’ reluctance or inability to make bill payments on time. Furthermore, governments of numerous countries are mandating the utilization of prepaid electricity meters to minimize human intervention in metering, billing and collection.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global prepaid electricity metering market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, component, phase and end user.

Breakup by Type:

 

 
 

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  • Thin Meter Based Solutions
  • Thick Meter Based Solutions
     

Breakup by Component:

  • Hardware
  • Software
  • Services
     

Breakup by Phase:

  • Single Phase
  • Three Phase
     

Breakup by End User:

  • Commercial
  • Industrial
  • Residential
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Accenture Plc, Aclara Technologies LLC (Hubbell Incorporated), Calico Energy Inc., Elster Group GmbH (Honeywell International Inc.), Exceleron Software LLC, HCL Technologies Limited, Infosys Limited, Itron Inc., KAMSTRUP A/S, Landis+Gyr, Oracle Corporation, PayGo Electric, Siemens  AG and Wipro Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Component, Phase, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Accenture Plc, Aclara Technologies LLC (Hubbell Incorporated), Calico Energy Inc., Elster Group GmbH (Honeywell International Inc.), Exceleron Software LLC, HCL Technologies Limited, Infosys Limited, Itron Inc., KAMSTRUP A/S, Landis+Gyr, Oracle Corporation, PayGo Electric, Siemens  AG and Wipro Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Prepaid Electricity Metering Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Thin Meter Based Solutions
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Thick Meter Based Solutions
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Component
    7.1    Hardware
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Software
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Services
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Phase
    8.1    Single Phase
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Three Phase
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by End User
    9.1    Commercial
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Industrial
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Residential
        9.3.1 Market Trends
        9.3.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Accenture Plc
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials 
           15.3.1.4 SWOT Analysis
        15.3.2    Aclara Technologies LLC (Hubbell Incorporated)
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 SWOT Analysis
        15.3.3    Calico Energy Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    Elster Group GmbH (Honeywell International Inc.)
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Exceleron Software LLC
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    HCL Technologies Limited
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials 
           15.3.6.4 SWOT Analysis
        15.3.7    Infosys Limited
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials 
           15.3.7.4 SWOT Analysis
        15.3.8    Itron Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials 
           15.3.8.4 SWOT Analysis
        15.3.9    KAMSTRUP A/S
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
        15.3.10    Landis+Gyr
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 SWOT Analysis
        15.3.11    Oracle Corporation
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials 
           15.3.11.4 SWOT Analysis
        15.3.12    PayGo Electric
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
        15.3.13    Siemens AG
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials 
           15.3.13.4 SWOT Analysis
        15.3.14    Wipro Limited
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio 
           15.3.14.3 Financials 
           15.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: Prepaid Electricity Metering Market: Major Drivers and Challenges
Figure 2: Global: Prepaid Electricity Metering Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Prepaid Electricity Metering Market: Breakup by Type (in %), 2021
Figure 4: Global: Prepaid Electricity Metering Market: Breakup by Component (in %), 2021
Figure 5: Global: Prepaid Electricity Metering Market: Breakup by Phase (in %), 2021
Figure 6: Global: Prepaid Electricity Metering Market: Breakup by End User (in %), 2021
Figure 7: Global: Prepaid Electricity Metering Market: Breakup by Region (in %), 2021
Figure 8: Global: Prepaid Electricity Metering Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Prepaid Electricity Metering (Thin Meter Based Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Prepaid Electricity Metering (Thin Meter Based Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Prepaid Electricity Metering (Thick Meter Based Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Prepaid Electricity Metering (Thick Meter Based Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Prepaid Electricity Metering (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Prepaid Electricity Metering (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Prepaid Electricity Metering (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Prepaid Electricity Metering (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Prepaid Electricity Metering (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Prepaid Electricity Metering (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Prepaid Electricity Metering (Single Phase) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Prepaid Electricity Metering (Single Phase) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Prepaid Electricity Metering (Three Phase) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Prepaid Electricity Metering (Three Phase) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Prepaid Electricity Metering (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Prepaid Electricity Metering (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Prepaid Electricity Metering (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Prepaid Electricity Metering (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Prepaid Electricity Metering (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Prepaid Electricity Metering (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia Pacific: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia Pacific: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Prepaid Electricity Metering Industry: SWOT Analysis
Figure 78: Global: Prepaid Electricity Metering Industry: Value Chain Analysis
Figure 79: Global: Prepaid Electricity Metering Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Prepaid Electricity Metering Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Prepaid Electricity Metering Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Prepaid Electricity Metering Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Prepaid Electricity Metering Market Forecast: Breakup by Phase (in Million US$), 2022-2027
Table 5: Global: Prepaid Electricity Metering Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Prepaid Electricity Metering Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Prepaid Electricity Metering Market Structure
Table 8: Global: Prepaid Electricity Metering Market: Key Players
 


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Key Questions Answered in This Report

The global prepaid electricity metering market was valued at US$ 5.3 Billion in 2021.

We expect the global prepaid electricity metering market to exhibit a CAGR of 7.8% during 2022-
2027.

The rising sales of prepaid electricity meters owing to the increasing focus towards energy
conservation and efficient utilization of power are primarily driving the global prepaid electricity
metering market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in temporary halt in numerous manufacturing
and installation activities for prepaid electricity meters.

Based on the type, the global prepaid electricity metering market has been divided into thin meter
based solutions and thick meter based solutions. Currently, thick meter based solutions exhibit a
clear dominance in the market.

Based on the component, the global prepaid electricity metering market can be categorized into
hardware, software, and services. Among these, hardware holds the majority of the total market
share.

Based on the phase, the global prepaid electricity metering market has been segmented into single
phase and three phase, where single phase currently represents the largest market share.

Based on the end user, the global prepaid electricity metering market can be bifurcated into
commercial, industrial, and residential. Currently, the residential sector accounts for the majority of
the total market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Asia Pacific currently dominates the global market.

Some of the major players in the global prepaid electricity metering market include Accenture Plc,
Aclara Technologies LLC (Hubbell Incorporated), Calico Energy Inc., Elster Group GmbH (Honeywell
International Inc.), Exceleron Software LLC, HCL Technologies Limited, Infosys Limited, Itron Inc.,
KAMSTRUP A/S, Landis+Gyr, Oracle Corporation, PayGo Electric, Siemens AG, and Wipro Limited.

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