For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Prepayment Meter market:
According to our latest research, the global Prepayment Meter market looks promising in the next 5 years. As of 2022, the global Prepayment Meter market was estimated at USD 862.59 million, and it's anticipated to reach USD 620.6 million in 2028, with a CAGR of -5.34% during the forecast years.
Prepayment meters-also known as pay-as-you-go meters-are a type of energy meter that require the user to pay for their energy before using it. As the name suggests, it's like having a pay-as-you-go phone deal rather than a monthly contract. And, like with pay-as-you-go phone bills, there are situations where it will be the best option for you. This 'pay as you go' energy is used with a smartcard, token or key that can be topped up at a shop or via a smartphone app.
Market Opportunities and Drivers
At present, the effective utilization of resources is one of the most concerned issues in the world. This has led to the shift from traditional electromechanical meters to Prepayment Meter, as they provide better security and control, and enable users to pay in advance and track usage. Besides, Prepayment Meter helps to minimize the gap between cost and realized income by ensuring timely payment. Therefore, their use in both emerging and developed economies is increasing. In emerging economies, Prepayment Meter is becoming more and more popular because leading power companies are working to reduce financial losses caused by consumers' unwillingness or inability to pay their bills on time. In addition, many governments are forcing the use of Prepayment Meter to minimize human intervention in measurement, billing and collection.
At present, the development trend is showing a new momentum, and the Prepayment Meter is the new direction, which will have a significant impact on people, or their electricity usage habits, or the operation of the whole power grid system. As the basic equipment, the appearance of Prepayment Meter will play a supporting role to some extent. With the acceleration of transformation in various countries, it is believed that people's demand for Prepayment Meter will be increasing.
As one of the types of meter, Prepayment Meter fully demonstrates its own attributes, that is, commodity attributes. According to the principle, it is optional purchase before it can be used. In this way, users can buy as much as they want according to their own needs, and there will be no series of troubles caused by arrears.
Since the use of Prepayment Meter, the work efficiency of the corresponding departments has been obviously improved. By controlling the intelligent system, the actual situation of usage can be known uniformly, and the data changes during the recording period can be automatically recorded, which is very convenient and doesn't take too long.
The most important thing is that its use is very flexible, which can eliminate all kinds of questions in everyone's mind and won't bring too much trouble to users. In the process of use, users can directly read the dosage, so that they can know the consumption situation at any time, and there won't be too many disputes.
Therefore, consumers and utility companies can benefit from the use of Prepayment Meter. For households, this includes better control of energy use, reduction of consumption, saving of bills and improvement of customer satisfaction, while utility companies can experience higher collection and debt levels, operational efficiency and morale of front-line employees.
Region Overview:
Asia Pacific had the highest growth rate of all regions.
Company Overview:
Landis+Gyr is one of the major players operating in the Prepayment Meter market, holding a share of 3.96% in 2022.
Landis + Gyr Inc. designs, manufactures, and markets residential, commercial, industrial, and grid meters. The Company offers optical probes and electricity data recorders, as well as metering endpoints hardware, software, data management, electric, gas, and water meter communications network support. Landis + Gyr conducts business operations globally.
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure services to communities in more than 100 countries. Itron's proven portfolio of smart networks, software, services, meters and sensors helps customers better manage energy and water for the people they serve.
Segmentation Overview:
By type, Electricity meter segment accounted for the largest share of market in 2021.
Application Overview:
By application, the Household segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Prepayment Meter market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Prepayment Meter Market Report:
Market Size Estimates: Prepayment Meter market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Prepayment Meter market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Prepayment Meter market
Segment Market Analysis: Prepayment Meter market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Prepayment Meter market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Prepayment Meter Market: Revenue and sales volume of major countries in each region
Prepayment Meter Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Prepayment Meter market in major regions.
Prepayment Meter Industry Value Chain: Prepayment Meter market raw materials & suppliers, manufacturing process, distributors, downstream customers
Prepayment Meter Industry News, Policies & Regulations
Key players in the global Prepayment Meter market are covered in Chapter 12:
XINTIAN TECHNOLOGY
Iskraemeco
Itron
HPL Electric & Power Limited
Secure Meters Ltd.
Kamstrup
Landis+Gyr
Wasion Hoding limited
Conlog
Holley Metering Ltd.
Viewshine. Ltd
Schneider Electric
AEROSPACE POWER
Acrel
Baylan
In Chapter 2 and Chapter 15.1, based on types, the Prepayment Meter market from 2018 to 2028 is primarily split into:
Electricity meter
Water meter
Gas meter
Others
In Chapter 3 and Chapter 15.2, based on applications, the Prepayment Meter market from 2018 to 2028 covers:
Household
Commercial
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Prepayment Meter market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028