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Smart Meter Market Analysis

  • 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

Smart Meter Market Analysis

Type (Smart Electricity Meter, Smart Gas Meter, Smart Water Meter)

Smart electricity meter segment is expected to hold over 61% smart meter market share by the end of 2037. This growth is attributed to the increasing need for improved electricity management and better grid control. In June 2024, Mitsubishi Electric and Chunghwa Telecom co-developed a smart metering solution in Taiwan to address the issue of grid efficiency and to support large-scale adoption of the technology. Growing attention to the use of renewable energy and the development of the smart grid only strengthens the position of electricity meters as the fundamental component of smart utility solutions.

Component (Hardware, Software)

By the end of 2037, software solutions segment is predicted to dominate around 76.2% smart meter market share, due to the advancement of data analytics and grid management systems. Smart metering software is a crucial component that helps in the management of assets, detection of leaks and maintenance, and improvement of the performance of utilities. In May 2024, Badger Meter introduced BlueEdge as a water asset optimization suite to improve the data and functionality of the operations. This move toward software-based systems emphasizes the role of digital platforms in the development of new, efficient, and adaptive utility systems.  

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

Type
  • Smart Electricity Meter
  • Smart Gas Meter
  • Smart Water Meter

Component
  • Hardware 
  • Software 

Technology
  • Automatic Meter Reading (AMR) 
  • Advanced Metering Infrastructure (AMI) 

End user
  • Residential 
  • Commercial 
  • Industrial
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Browse Key Market Insights with Data Illustration:

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.
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