Smart Electricity Meters Market Size & Share, by Communication Technology Type (Radio Frequency, Power Line Communication, Cellular); End-User (Residential, Commercial, Industrial); Phase (Single Phase, Three Phase) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 2919
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Smart Electricity Meters Market size was over USD 13.29 billion in 2024 and is projected to reach USD 34.03 billion by 2037, witnessing around 7.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of smart electricity meters is assessed at USD 14.14 billion.

The market is set to witness growth during the forecasted period due to the rising demand for efficient data regulatory systems coupled with favourable government policies for smart meter rollout and improved cost savings. The growth of the market can also be attributed to factors such as increasing emphasis on renewable energy sources globally.


Get more information on this report: Request Free Sample PDF

Smart Electricity Meters Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing demand for efficient data monitoring systems
  • Favorable government policies for smart meter rollout

Challenges

  • Expensive installation charges
  • Lack of awareness about smart technology in lower economic regions

Smart Electricity Meters Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

7.5%

Base Year Market Size (2024)

USD 13.29 billion

Forecast Year Market Size (2037)

USD 34.03 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Smart Electricity Meters Segmentation

The smart electricity meters market is segmented based on the communication technology type into radio frequency, power line communication, and cellular, out of which, the radio frequency segment is anticipated to grab the most significant share by the end of 2029 on account of less costing and better efficiency of radio frequency. 

 Based on end-user, the residential segment in the market is projected to grow with a significant CAGR over the forecast period. The segment's growth can be attributed to the fact that smart electricity meters can assist the users in monitoring, regularizing, and reducing their consumption from the generators.

 

Our in-depth analysis of the global market includes the following segments:

           Communication Technology Type

  • Radio Frequency
  • Power Line Communication
  • Cellular

          End-User

  • Residential
  • Commercial
  • Industrial

          Phase

  • Single Phase
  • Three Phase

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Smart Electricity Meters Industry - Regional Synopsis

Geographically, the smart electricity meters market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. Asia Pacific industry is anticipated to hold largest revenue share by 2037, due to rise in capital investments in smart grid technologies and smart cities.The increase in the number of new data centers and a surge in commercial institutions are also estimated to drive the region's smart electricity meters market. Along with this, China accounts for the largest share due to large-scale rollout plans. The country also accounts for the highest installed generation and distribution capacity in the Asia Pacific, resulting in an increased demand for smart electricity meters.

Research Nester
Get more information on this report: Request Free Sample PDF

Companies Dominating the Smart Electricity Meters Landscape

    • Itron Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Jiangsu Linyang Energy Co., Ltd.
    • Wasion Group
    • Schneider Electric
    • Siemens
    • Honeywell International Inc.
    • Iskraemeco Group
    • GENERAL ELECTRIC
    • ABB

Author Credits:  Abhishek Verma


  • Report ID: 2919
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of smart electricity meters is assessed at USD 14.14 billion.

Smart Electricity Meters Market size was over USD 13.29 billion in 2024 and is projected to reach USD 34.03 billion by 2037, witnessing around 7.5% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is anticipated to hold largest revenue share by 2037, due to rise in capital investments in smart grid technologies and smart cities.

The major players in the market are ABB, Itron Inc., GENERAL ELECTRIC, and Wasion Group, among others.
Smart Electric Meter Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample