Smart Meter Market - Top Companies and Manufacturers

  • Report ID: 6888
  • Published Date: Dec 27, 2024
  • Report Format: PDF, PPT
  1. An Outline of the Global Smart Meter Market
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Primary Research  
    2. Secondary Research  
    3. Data Triangulation 
    4. SPSS Methodology
  4. Executive Summary
  5. Opportunities
  6. Growth Drivers
  7. Major Roadblocks
  8. Prevalent Trends
  9. Government Regulation
  10. Comparative Analysis of the Current Technologies
  11. Up-Coming Technologies
  12. Growth Outlook
  13. Risk Analysis
  14. Pricing Benchmarking
  15. SWOT
  16. Supply Chain
  17. Understanding the Smart Meter Landscape: Insights by End user Segment
  18. Advanced Metering Infrastructure (AMI) and Auto Meter Reading (AMR): A Technology Comparison
  19. Regional Demand
  20. Root Cause Analysis (RCA) for discovering problems of the Smart Meter Market
  21. Porter Five Forces
  22. PESTLE
  23. Smart Meter Industry Leaders: Electric, Gas, and Water Meter Production and Sales Overview
  24. Smart Meter Global Industry Leaders: Projected Sales Performance Overview from 2024 to 2037
  25. Smart Meter Industry Leaders: Projected Sales Performance Overview from 2024 to 2037
  26. Comparative Positioning
  27. Competitive Landscape
  28. Competitive Model
    1. Market Share of Major Companies Profiled
    2. Business Profile of Key Enterprise
      1. HUBBELL INCORPORATED
      2. Badger Meter, Inc.
      3. Diehl Stiftung & Co. KG
      4. EDMI Limited
      5. Honeywell International Inc.
      6. Itron Inc.
      7. Landis+Gyr 
      8. Mitsubishi Electric Corporation
      9. Schneider Electric SE
      10. Siemens AG
      11. Silicon Laboratories Inc.
      12. Wasion Holdings Limited
      13. Xylem
      14. ZENNER International GmbH & Co. KG
      15. Arad Group 
      16. Neptune Technology Group Inc.
  29. Global Smart Meter Market Outlook
    1. Market Overview
      1. Market Revenue by Value (USD Million), Volume (Million Units) and Compound Annual Growth Rate (CAGR)
      2. Year-on-Year (Y-o-Y) Growth Trend Analysis 
    2.  Smart Meter Market Segmentation Analysis (2022-2037)
      1. By Type
        1. Smart Electricity Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Smart Gas Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. Smart Water Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      2. By Component
        1. Hardware, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Software, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      3. By Technology
        1. Automatic Meter Reading (AMR), Market Value (USD Million), and CAGR, 2022-2037F
        2. Advanced Metering Infrastructure (AMI), Market Value (USD Million), and CAGR, 2022-2037F
      4. By End user
        1. Residential, Market Value (USD Million), and CAGR, 2022-2037F
        2. Commercial, Market Value (USD Million), and CAGR, 2022-2037F
        3. Industrial, Market Value (USD Million), and CAGR, 2022-2037F
    3. By Region
      1. North America, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      2. Europe, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      3. Asia Pacific Excluding Japan, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      4. Japan, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      5. Latin America , Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      6. Middle East and Africa, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
  30. Cross Analysis of Type W.R.T. End user (USD Million), 2022-2037 
  31. North America Smart Meter Market Outlook
    1. Market Overview
      1. Market Revenue by Value (USD Million), Volume (Million Units) and Compound Annual Growth Rate (CAGR)
      2. Year-on-Year (Y-o-Y) Growth Trend Analysis  
    2. Smart Meter Market Segmentation Analysis (2022-2037)
      1. By Type
        1. Smart Electricity Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Smart Gas Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. Smart Water Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      2. By Component
        1. Hardware, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Software, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      3. By Technology
        1. Automatic Meter Reading (AMR), Market Value (USD Million), and CAGR, 2022-2037F
        2. Advanced Metering Infrastructure (AMI), Market Value (USD Million), and CAGR, 2022-2037F
      4. By End user
        1. Residential, Market Value (USD Million), and CAGR, 2022-2037F
        2. Commercial, Market Value (USD Million), and CAGR, 2022-2037F
        3. Industrial, Market Value (USD Million), and CAGR, 2022-2037F
      5. By Country
        1. U.S., Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      6. Canada, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
  32. Cross Analysis of Type W.R.T. End user (USD Million), 2022-2037 
  33. Europe Smart Meter Market Outlook
    1. Market Overview
      1. Market Revenue by Value (USD Million), Volume (Million Units) and Compound Annual Growth Rate (CAGR)
      2. Year-on-Year (Y-o-Y) Growth Trend Analysis 
    2.  Smart Meter Market Segmentation Analysis (2022-2037)
      1. By Type
        1. Smart Electricity Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Smart Gas Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. Smart Water Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      2. By Component
        1. Hardware, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Software, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      3. By Technology
        1. Automatic Meter Reading (AMR), Market Value (USD Million), and CAGR, 2022-2037F
        2. Advanced Metering Infrastructure (AMI), Market Value (USD Million), and CAGR, 2022-2037F
      4. By End user
        1. Residential, Market Value (USD Million), and CAGR, 2022-2037F
        2. Commercial, Market Value (USD Million), and CAGR, 2022-2037F
        3. Industrial, Market Value (USD Million), and CAGR, 2022-2037F
      5. By Country
        1. UK, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Germany, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. France, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        4. Italy, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        5. Spain, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        6. BENELUX, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        7. Poland, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        8. Russia, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        9. Rest of Europe, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
  34. Cross Analysis of Type W.R.T. End user (USD Million), 2022-2037 
    1. Asia Pacific Excluding Japan Smart Meter Market Outlook
    2. Market Overview
      1. Market Revenue by Value (USD Million), Volume (Million Units) and Compound Annual Growth Rate (CAGR)
      2. Year-on-Year (Y-o-Y) Growth Trend Analysis 
    3.  Smart Meter Market Segmentation Analysis (2022-2037)
      1. By Type
        1. Smart Electricity Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Smart Gas Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. Smart Water Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      2. By Component
        1. Hardware, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Software, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      3. By Technology
        1. Automatic Meter Reading (AMR), Market Value (USD Million), and CAGR, 2022-2037F
        2. Advanced Metering Infrastructure (AMI), Market Value (USD Million), and CAGR, 2022-2037F
      4. By End user
        1. Residential, Market Value (USD Million), and CAGR, 2022-2037F
        2. Commercial, Market Value (USD Million), and CAGR, 2022-2037F
        3. Industrial, Market Value (USD Million), and CAGR, 2022-2037F
      5. By Country
        1. China, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. India, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. Indonesia, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        4. South Korea, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        5. Malaysia, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        6. Australia, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        7. Singapore, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        8. Vietnam, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        9. New Zealand, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        10. Rest of Asia Pacific Excluding Japan, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
  35. Cross Analysis of Type W.R.T. End user (USD Million), 2022-2037 
  36. Japan Smart Meter Market Outlook
    1. Market Overview
      1. Market Revenue by Value (USD Million), Volume (Million Units) and Compound Annual Growth Rate (CAGR)
      2. Year-on-Year (Y-o-Y) Growth Trend Analysis 
    2. Smart Meter Market Segmentation Analysis (2022-2037)
      1. By Type
        1. Smart Electricity Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Smart Gas Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. Smart Water Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      2. By Component
        1. Hardware, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Software, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      3. By Technology
        1. Automatic Meter Reading (AMR), Market Value (USD Million), and CAGR, 2022-2037F
        2. Advanced Metering Infrastructure (AMI), Market Value (USD Million), and CAGR, 2022-2037F
      4. By End user
        1. Residential, Market Value (USD Million), and CAGR, 2022-2037F
        2. Commercial, Market Value (USD Million), and CAGR, 2022-2037F
        3. Industrial, Market Value (USD Million), and CAGR, 2022-2037F
  37. Cross Analysis of Type W.R.T. End user (USD Million), 2022-2037 
  38. Latin America Smart Meter Market Outlook
    1. Market Overview
      1. Market Revenue by Value (USD Million), Volume (Million Units) and Compound Annual Growth Rate (CAGR)
      2. Year-on-Year (Y-o-Y) Growth Trend Analysis 
    2. Smart Meter Market Segmentation Analysis (2022-2037)
      1. By Type
        1. Smart Electricity Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Smart Gas Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. Smart Water Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      2. By Component
        1. Hardware, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Software, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      3. By Technology
        1. Automatic Meter Reading (AMR), Market Value (USD Million), and CAGR, 2022-2037F
        2. Advanced Metering Infrastructure (AMI), Market Value (USD Million), and CAGR, 2022-2037F
      4. By End user
        1. Residential, Market Value (USD Million), and CAGR, 2022-2037F
        2. Commercial, Market Value (USD Million), and CAGR, 2022-2037F
        3. Industrial, Market Value (USD Million), and CAGR, 2022-2037F
      5. By Country
        1. Brazil, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Argentina, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. Mexico, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        4. Rest of Latin America, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
  39. Cross Analysis of Type W.R.T. End user (USD Million), 2022-2037 
  40. Middle East & Africa Smart Meter Market Outlook
    1. Market Overview
      1. Market Revenue by Value (USD Million), Volume (Million Units) and Compound Annual Growth Rate (CAGR)
      2. Year-on-Year (Y-o-Y) Growth Trend Analysis 
    2. Smart Meter Market Segmentation Analysis (2022-2037)
      1. By Type
        1. Smart Electricity Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Smart Gas Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. Smart Water Meter, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      2. By Component
        1. Hardware, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Software, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
      3. By Technology
        1. Automatic Meter Reading (AMR), Market Value (USD Million), and CAGR, 2022-2037F
        2. Advanced Metering Infrastructure (AMI), Market Value (USD Million), and CAGR, 2022-2037F
      4. By End user
        1. Residential, Market Value (USD Million), and CAGR, 2022-2037F
        2. Commercial, Market Value (USD Million), and CAGR, 2022-2037F
      5. Industrial, Market Value (USD Million), and CAGR, 2022-2037F
      6. By Country
        1. GCC, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        2. Israel, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        3. South Africa, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
        4. Rest of Middle East & Africa, Market Value (USD Million), Volume (Million Units), and CAGR, 2022-2037F
  41. Cross Analysis of Type W.R.T. End user (USD Million), 2022-2037 
  42. Global Economic Scenario
  43. About Research Nester

Companies Dominating the Smart Meter Landscape

    Some of the leading industry players in the smart meter market include Itron Inc., Landis+Gyr, Honeywell International Inc., EDMI Limited, Siemens AG, Mitsubishi Electric Corporation, and Badger Meter, Inc., and these companies are focusing on research and development of new products and services and increasing their market presence across the globe. These companies are leading the way through the creation of sophisticated hardware, software, and whole-system metering. These are some of the key stakeholders in the sector due to their emphasis on smart grid, IoT, and utility digitization.

    In November 2022, Landis+Gyr expanded its product offerings with new smart metering solutions in the electricity, heat, gas, and water sectors, thus strengthening its position in the smart meter market. This growth is indicative of a larger trend of intelligence at the edge of the grid that seeks to optimize energy delivery and minimize greenhouse gas emissions. With the increasing growth of the market, it is expected that competition will be based on product development, intersectoral cooperation, and partnerships to ensure the future growth of the global market.

    Here are some leading companies in the smart meter market:

    • HUBBELL INCORPORATED
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Badger Meter, Inc. 
    • Diehl Stiftung & Co. KG 
    • EDMI Limited 
    • Honeywell International Inc. 
    • Itron Inc. 
    • Landis+Gyr  
    • Mitsubishi Electric Corporation 
    • Schneider Electric SE 
    • Siemens AG 
    • Silicon Laboratories Inc. 
    • Wasion Holdings Limited 
    • Xylem 
    • ZENNER International GmbH & Co. KG 
    • Arad Group  
    • Neptune Technology Group Inc.

Browse Key Market Insights with Data Illustration:

In the News

  • In November 2024, Diehl Metering inaugurated a new production unit in Bażanowice, Poland, doubling its production area.  The 6,000m² facility houses final assembly lines and establishes new electronics capabilities, focusing on meter models like the HYDRUS smart water meter and SHARKY energy meters. This expansion aims to set industry standards.
  •  In May 2024, Oakter launched OAKMETER, an advanced smart energy meter designed to optimize energy management. Utilizing technologies like Advanced Metering Infrastructure and IoT, OAKMETER enables two-way communication, real-time data analytics, tamper detection, and outage identification.
  • In May 2024, Diehl Metering announced that the HYDRUS 2.0 Domestic water meter can now be integrated with a LoRaWAN IoT network, enabling utilities to obtain precise consumption data.  The meter's ultrasonic technology measures even the smallest drop, ensuring stability and durability in any environment. LoRaWAN technology also allows for the creation of digital twins, enabling seamless communication and remote alarm reset. The HYDRUS 2.0 Domestic range enables interoperable and flexible digital networks.

Author Credits:  Dhruv Bhatia


  • Report ID: 6888
  • Published Date: Dec 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2023, the industry size of smart meter was USD 25.5 billion.

The global smart meter market size was USD 25.5 billion in 2023 and is expected to reach USD 82.9 billion by the end of 2037, expanding at a CAGR of 8.4% during the forecast period, i.e., 2023-2037. In 2024, the industry size of smart meter will be valued at USD 28.3 billion.

Key players in the market are Badger Meter, Inc., Diehl Stiftung & Co. KG, EDMI Limited, Honeywell International Inc., Itron Inc., Landis+Gyr, Mitsubishi Electric Corporation, Schneider Electric SE, Siemens AG, Silicon Laboratories Inc., Wasion Holdings Limited, Xylem, ZENNER International GmbH & Co. KG, Arad Group, Neptune Technology Group Inc.

The smart electricity meter segment is anticipated to lead the smart meter market during the forecast period.

APEJ is likely to offer lucrative prospects to the companies in the smart meter market during the forecast period.
Inquiry Before Buying Request Free Sample
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