Global Smart Meter Market Size, Manufacturers, Opportunities and Forecast to 2030

Global Smart Meter Market Size, Manufacturers, Opportunities and Forecast to 2030


Summary

Smart meters are one of the basic equipment for data collection in smart grids (especially smart distribution networks). They are responsible for the collection, measurement and transmission of raw electrical energy data, and are the basis for information integration, analysis and optimization, and information presentation. In addition to the basic power metering function of traditional electric energy meters, smart meters also have two-way multi-rate metering functions, user-side control functions, and two-way data communication with multiple data transmission modes in order to adapt to the use of smart grids and new energy. Intelligent functions such as functions and anti-theft functions.

According to APO Research, The global Smart Meter market was estimated at US$ million in 2023 and is projected to reach a revised size of US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Smart Meter is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Smart Meter is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Smart Meter is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Smart Meter include Landis+Gyr, Itron, General Electric, Siemens, Sensus, Honeywell Elster, Sanxing Medical Electric, Jiangsu Linyang and Kamstrup, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Smart Meter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Meter.
The Smart Meter market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Smart Meter market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Landis+Gyr
Itron
General Electric
Siemens
Sensus
Honeywell Elster
Sanxing Medical Electric
Jiangsu Linyang
Kamstrup
Wasion Group
Sagemcom
Hexing Electrical
Nuri Telecom
Clou Electronics
Iskraemeco
Zhejiang Chint
Shenzhen HND
Sunrise Technology
Holley Technology
LONGi Meter
ZIV
Smart Meter segment by Type

Single-phase Smart Meters
Three-phase Smart Meters
Smart Meter segment by Application

Residential
Commercial
Industrial
Smart Meter by Distribution Channel

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Smart Meter market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Smart Meter and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Smart Meter.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Smart Meter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Smart Meter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Smart Meter Market Size Estimates and Forecasts (2019-2030)
1.2.2 Global Smart Meter Sales Estimates and Forecasts (2019-2030)
1.3 Smart Meter Market by Type
1.3.1 Single-phase Smart Meters
1.3.2 Three-phase Smart Meters
1.4 Global Smart Meter Market Size by Type
1.4.1 Global Smart Meter Market Size Overview by Type (2019-2030)
1.4.2 Global Smart Meter Historic Market Size Review by Type (2019-2024)
1.4.3 Global Smart Meter Forecasted Market Size by Type (2025-2030)
1.5 Key Regions Market Size by Type
1.5.1 North America Smart Meter Sales Breakdown by Type (2019-2024)
1.5.2 Europe Smart Meter Sales Breakdown by Type (2019-2024)
1.5.3 Asia-Pacific Smart Meter Sales Breakdown by Type (2019-2024)
1.5.4 Latin America Smart Meter Sales Breakdown by Type (2019-2024)
1.5.5 Middle East and Africa Smart Meter Sales Breakdown by Type (2019-2024)
2 Global Market Dynamics
2.1 Smart Meter Industry Trends
2.2 Smart Meter Industry Drivers
2.3 Smart Meter Industry Opportunities and Challenges
2.4 Smart Meter Industry Restraints
3 Market Competitive Landscape by Company
3.1 Global Top Players by Smart Meter Revenue (2019-2024)
3.2 Global Top Players by Smart Meter Sales (2019-2024)
3.3 Global Top Players by Smart Meter Price (2019-2024)
3.4 Global Smart Meter Industry Company Ranking, 2022 VS 2023 VS 2024
3.5 Global Smart Meter Key Company Manufacturing Sites & Headquarters
3.6 Global Smart Meter Company, Product Type & Application
3.7 Global Smart Meter Company Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Smart Meter Market CR5 and HHI
3.8.2 Global Top 5 and 10 Smart Meter Players Market Share by Revenue in 2023
3.8.3 2023 Smart Meter Tier 1, Tier 2, and Tier 3
4 Smart Meter Regional Status and Outlook
4.1 Global Smart Meter Market Size and CAGR by Region: 2019 VS 2023 VS 2030
4.2 Global Smart Meter Historic Market Size by Region
4.2.1 Global Smart Meter Sales in Volume by Region (2019-2024)
4.2.2 Global Smart Meter Sales in Value by Region (2019-2024)
4.2.3 Global Smart Meter Sales (Volume & Value), Price and Gross Margin (2019-2024)
4.3 Global Smart Meter Forecasted Market Size by Region
4.3.1 Global Smart Meter Sales in Volume by Region (2025-2030)
4.3.2 Global Smart Meter Sales in Value by Region (2025-2030)
4.3.3 Global Smart Meter Sales (Volume & Value), Price and Gross Margin (2025-2030)
5 Smart Meter by Application
5.1 Smart Meter Market by Application
5.1.1 Residential
5.1.2 Commercial
5.1.3 Industrial
5.2 Global Smart Meter Market Size by Application
5.2.1 Global Smart Meter Market Size Overview by Application (2019-2030)
5.2.2 Global Smart Meter Historic Market Size Review by Application (2019-2024)
5.2.3 Global Smart Meter Forecasted Market Size by Application (2025-2030)
5.3 Key Regions Market Size by Application
5.3.1 North America Smart Meter Sales Breakdown by Application (2019-2024)
5.3.2 Europe Smart Meter Sales Breakdown by Application (2019-2024)
5.3.3 Asia-Pacific Smart Meter Sales Breakdown by Application (2019-2024)
5.3.4 Latin America Smart Meter Sales Breakdown by Application (2019-2024)
5.3.5 Middle East and Africa Smart Meter Sales Breakdown by Application (2019-2024)
6 Company Profiles
6.1 Landis+Gyr
6.1.1 Landis+Gyr Comapny Information
6.1.2 Landis+Gyr Business Overview
6.1.3 Landis+Gyr Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Landis+Gyr Smart Meter Product Portfolio
6.1.5 Landis+Gyr Recent Developments
6.2 Itron
6.2.1 Itron Comapny Information
6.2.2 Itron Business Overview
6.2.3 Itron Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Itron Smart Meter Product Portfolio
6.2.5 Itron Recent Developments
6.3 General Electric
6.3.1 General Electric Comapny Information
6.3.2 General Electric Business Overview
6.3.3 General Electric Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.3.4 General Electric Smart Meter Product Portfolio
6.3.5 General Electric Recent Developments
6.4 Siemens
6.4.1 Siemens Comapny Information
6.4.2 Siemens Business Overview
6.4.3 Siemens Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Siemens Smart Meter Product Portfolio
6.4.5 Siemens Recent Developments
6.5 Sensus
6.5.1 Sensus Comapny Information
6.5.2 Sensus Business Overview
6.5.3 Sensus Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Sensus Smart Meter Product Portfolio
6.5.5 Sensus Recent Developments
6.6 Honeywell Elster
6.6.1 Honeywell Elster Comapny Information
6.6.2 Honeywell Elster Business Overview
6.6.3 Honeywell Elster Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Honeywell Elster Smart Meter Product Portfolio
6.6.5 Honeywell Elster Recent Developments
6.7 Sanxing Medical Electric
6.7.1 Sanxing Medical Electric Comapny Information
6.7.2 Sanxing Medical Electric Business Overview
6.7.3 Sanxing Medical Electric Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.7.4 Sanxing Medical Electric Smart Meter Product Portfolio
6.7.5 Sanxing Medical Electric Recent Developments
6.8 Jiangsu Linyang
6.8.1 Jiangsu Linyang Comapny Information
6.8.2 Jiangsu Linyang Business Overview
6.8.3 Jiangsu Linyang Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Jiangsu Linyang Smart Meter Product Portfolio
6.8.5 Jiangsu Linyang Recent Developments
6.9 Kamstrup
6.9.1 Kamstrup Comapny Information
6.9.2 Kamstrup Business Overview
6.9.3 Kamstrup Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Kamstrup Smart Meter Product Portfolio
6.9.5 Kamstrup Recent Developments
6.10 Wasion Group
6.10.1 Wasion Group Comapny Information
6.10.2 Wasion Group Business Overview
6.10.3 Wasion Group Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Wasion Group Smart Meter Product Portfolio
6.10.5 Wasion Group Recent Developments
6.11 Sagemcom
6.11.1 Sagemcom Comapny Information
6.11.2 Sagemcom Business Overview
6.11.3 Sagemcom Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Sagemcom Smart Meter Product Portfolio
6.11.5 Sagemcom Recent Developments
6.12 Hexing Electrical
6.12.1 Hexing Electrical Comapny Information
6.12.2 Hexing Electrical Business Overview
6.12.3 Hexing Electrical Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Hexing Electrical Smart Meter Product Portfolio
6.12.5 Hexing Electrical Recent Developments
6.13 Nuri Telecom
6.13.1 Nuri Telecom Comapny Information
6.13.2 Nuri Telecom Business Overview
6.13.3 Nuri Telecom Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.13.4 Nuri Telecom Smart Meter Product Portfolio
6.13.5 Nuri Telecom Recent Developments
6.14 Clou Electronics
6.14.1 Clou Electronics Comapny Information
6.14.2 Clou Electronics Business Overview
6.14.3 Clou Electronics Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.14.4 Clou Electronics Smart Meter Product Portfolio
6.14.5 Clou Electronics Recent Developments
6.15 Iskraemeco
6.15.1 Iskraemeco Comapny Information
6.15.2 Iskraemeco Business Overview
6.15.3 Iskraemeco Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.15.4 Iskraemeco Smart Meter Product Portfolio
6.15.5 Iskraemeco Recent Developments
6.16 Zhejiang Chint
6.16.1 Zhejiang Chint Comapny Information
6.16.2 Zhejiang Chint Business Overview
6.16.3 Zhejiang Chint Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.16.4 Zhejiang Chint Smart Meter Product Portfolio
6.16.5 Zhejiang Chint Recent Developments
6.17 Shenzhen HND
6.17.1 Shenzhen HND Comapny Information
6.17.2 Shenzhen HND Business Overview
6.17.3 Shenzhen HND Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.17.4 Shenzhen HND Smart Meter Product Portfolio
6.17.5 Shenzhen HND Recent Developments
6.18 Sunrise Technology
6.18.1 Sunrise Technology Comapny Information
6.18.2 Sunrise Technology Business Overview
6.18.3 Sunrise Technology Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.18.4 Sunrise Technology Smart Meter Product Portfolio
6.18.5 Sunrise Technology Recent Developments
6.19 Holley Technology
6.19.1 Holley Technology Comapny Information
6.19.2 Holley Technology Business Overview
6.19.3 Holley Technology Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.19.4 Holley Technology Smart Meter Product Portfolio
6.19.5 Holley Technology Recent Developments
6.20 LONGi Meter
6.20.1 LONGi Meter Comapny Information
6.20.2 LONGi Meter Business Overview
6.20.3 LONGi Meter Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.20.4 LONGi Meter Smart Meter Product Portfolio
6.20.5 LONGi Meter Recent Developments
6.21 ZIV
6.21.1 ZIV Comapny Information
6.21.2 ZIV Business Overview
6.21.3 ZIV Smart Meter Sales, Revenue and Gross Margin (2019-2024)
6.21.4 ZIV Smart Meter Product Portfolio
6.21.5 ZIV Recent Developments
7 North America by Country
7.1 North America Smart Meter Sales by Country
7.1.1 North America Smart Meter Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.1.2 North America Smart Meter Sales by Country (2019-2024)
7.1.3 North America Smart Meter Sales Forecast by Country (2025-2030)
7.2 North America Smart Meter Market Size by Country
7.2.1 North America Smart Meter Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
7.2.2 North America Smart Meter Market Size by Country (2019-2024)
7.2.3 North America Smart Meter Market Size Forecast by Country (2025-2030)
8 Europe by Country
8.1 Europe Smart Meter Sales by Country
8.1.1 Europe Smart Meter Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.1.2 Europe Smart Meter Sales by Country (2019-2024)
8.1.3 Europe Smart Meter Sales Forecast by Country (2025-2030)
8.2 Europe Smart Meter Market Size by Country
8.2.1 Europe Smart Meter Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
8.2.2 Europe Smart Meter Market Size by Country (2019-2024)
8.2.3 Europe Smart Meter Market Size Forecast by Country (2025-2030)
9 Asia-Pacific by Country
9.1 Asia-Pacific Smart Meter Sales by Country
9.1.1 Asia-Pacific Smart Meter Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.1.2 Asia-Pacific Smart Meter Sales by Country (2019-2024)
9.1.3 Asia-Pacific Smart Meter Sales Forecast by Country (2025-2030)
9.2 Asia-Pacific Smart Meter Market Size by Country
9.2.1 Asia-Pacific Smart Meter Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
9.2.2 Asia-Pacific Smart Meter Market Size by Country (2019-2024)
9.2.3 Asia-Pacific Smart Meter Market Size Forecast by Country (2025-2030)
10 Latin America by Country
10.1 Latin America Smart Meter Sales by Country
10.1.1 Latin America Smart Meter Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.1.2 Latin America Smart Meter Sales by Country (2019-2024)
10.1.3 Latin America Smart Meter Sales Forecast by Country (2025-2030)
10.2 Latin America Smart Meter Market Size by Country
10.2.1 Latin America Smart Meter Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
10.2.2 Latin America Smart Meter Market Size by Country (2019-2024)
10.2.3 Latin America Smart Meter Market Size Forecast by Country (2025-2030)
11 Middle East and Africa by Country
11.1 Middle East and Africa Smart Meter Sales by Country
11.1.1 Middle East and Africa Smart Meter Sales Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.1.2 Middle East and Africa Smart Meter Sales by Country (2019-2024)
11.1.3 Middle East and Africa Smart Meter Sales Forecast by Country (2025-2030)
11.2 Middle East and Africa Smart Meter Market Size by Country
11.2.1 Middle East and Africa Smart Meter Market Size Growth Rate (CAGR) by Country: 2019 VS 2023 VS 2030
11.2.2 Middle East and Africa Smart Meter Market Size by Country (2019-2024)
11.2.3 Middle East and Africa Smart Meter Market Size Forecast by Country (2025-2030)
12 Value Chain and Sales Channels Analysis
12.1 Smart Meter Value Chain Analysis
12.1.1 Smart Meter Key Raw Materials
12.1.2 Key Raw Materials Price
12.1.3 Raw Materials Key Suppliers
12.1.4 Manufacturing Cost Structure
12.1.5 Smart Meter Production Mode & Process
12.2 Smart Meter Sales Channels Analysis
12.2.1 Direct Comparison with Distribution Share
12.2.2 Smart Meter Distributors
12.2.3 Smart Meter Customers
13 Concluding Insights
14 Appendix
14.1 Reasons for Doing This Study
14.2 Research Methodology
14.3 Research Process
14.4 Authors List of This Report
14.5 Data Source
14.5.1 Secondary Sources
14.5.2 Primary Sources
14.6 Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings