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Prepaid Electricity Metering Market Report by Type (Thin Meter Based Solutions, Thick Meter Based Solutions), Component (Hardware, Software, Services), Phase (Single Phase, Three Phase), End User (Commercial, Industrial, Residential), and Region 2024-2032

March 2024 | 138 pages | ID: P9194DE4D590EN
IMARC Group

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The global prepaid electricity metering market size reached US$ 6.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.7% during 2024-2032.

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.

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 report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, component, phase and end user.

Breakup by Type:

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:

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.

Key Questions Answered in This Report

1. What was the size of the global prepaid electricity metering market in 2023?
2. What is the expected growth rate of the global prepaid electricity metering market during 2024-2032?
3. What are the key factors driving the global prepaid electricity metering market?
4. What has been the impact of COVID-19 on the global prepaid electricity metering market?
5. What is the breakup of the global prepaid electricity metering market based on the type?
6. What is the breakup of the global prepaid electricity metering market based on the component?
7. What is the breakup of the global prepaid electricity metering market based on the phase?
8. What is the breakup of the global prepaid electricity metering market based on the end user?
9. What are the key regions in the global prepaid electricity metering market?
10. Who are the key players/companies in the global prepaid electricity metering market?
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 TABLES

Table 1: Global: Prepaid Electricity Metering Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Prepaid Electricity Metering Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Prepaid Electricity Metering Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 4: Global: Prepaid Electricity Metering Market Forecast: Breakup by Phase (in Million US$), 2024-2032
Table 5: Global: Prepaid Electricity Metering Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Prepaid Electricity Metering Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Prepaid Electricity Metering Market Structure
Table 8: Global: Prepaid Electricity Metering Market: Key Players

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$), 2018-2023
Figure 3: Global: Prepaid Electricity Metering Market: Breakup by Type (in %), 2023
Figure 4: Global: Prepaid Electricity Metering Market: Breakup by Component (in %), 2023
Figure 5: Global: Prepaid Electricity Metering Market: Breakup by Phase (in %), 2023
Figure 6: Global: Prepaid Electricity Metering Market: Breakup by End User (in %), 2023
Figure 7: Global: Prepaid Electricity Metering Market: Breakup by Region (in %), 2023
Figure 8: Global: Prepaid Electricity Metering Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Prepaid Electricity Metering (Thin Meter Based Solutions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Prepaid Electricity Metering (Thin Meter Based Solutions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Prepaid Electricity Metering (Thick Meter Based Solutions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Prepaid Electricity Metering (Thick Meter Based Solutions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Prepaid Electricity Metering (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Prepaid Electricity Metering (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Prepaid Electricity Metering (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Prepaid Electricity Metering (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Prepaid Electricity Metering (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Prepaid Electricity Metering (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Prepaid Electricity Metering (Single Phase) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Prepaid Electricity Metering (Single Phase) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Prepaid Electricity Metering (Three Phase) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Prepaid Electricity Metering (Three Phase) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Prepaid Electricity Metering (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Prepaid Electricity Metering (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Prepaid Electricity Metering (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Prepaid Electricity Metering (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Prepaid Electricity Metering (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Prepaid Electricity Metering (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: North America: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: North America: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: United States: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: United States: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Canada: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Canada: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Asia Pacific: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Asia Pacific: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: China: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: China: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Japan: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Japan: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: India: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: India: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: South Korea: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: South Korea: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Australia: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Australia: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Indonesia: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Indonesia: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Others: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Others: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Europe: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Europe: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Germany: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Germany: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: France: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: France: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: United Kingdom: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: United Kingdom: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Italy: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Italy: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Spain: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Spain: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Russia: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Russia: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Others: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Others: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Latin America: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Latin America: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Brazil: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Brazil: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Mexico: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Mexico: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Middle East and Africa: Prepaid Electricity Metering Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Middle East and Africa: Prepaid Electricity Metering Market: Breakup by Country (in %), 2023
Figure 77: Middle East and Africa: Prepaid Electricity Metering Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Global: Prepaid Electricity Metering Industry: SWOT Analysis
Figure 79: Global: Prepaid Electricity Metering Industry: Value Chain Analysis
Figure 80: Global: Prepaid Electricity Metering Industry: Porter’s Five Forces Analysis


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