Global IoT Smart Meter Market Growth 2025-2031

The global IoT Smart Meter market size is predicted to grow from US$ 5722 million in 2025 to US$ 7889 million in 2031; it is expected to grow at a CAGR of 5.5% from 2025 to 2031.

IoT smart meters are intelligent measurement and monitoring devices that integrate IoT technology. They can collect, transmit and analyze various physical or chemical parameter data in real time, such as temperature, humidity, pressure, flow, voltage, current, etc. These meters transmit real-time data to cloud platforms or local servers through wireless networks (such as Wi-Fi, LTE, 5G, etc.) through embedded sensors, wireless communication modules and data processing units, to achieve remote monitoring, intelligent analysis and automated management. The core advantage of IoT smart meters is that they can provide high-precision and high-efficiency measurement results, and support decision optimization, equipment predictive maintenance and energy efficiency management through intelligent data analysis. Through linkage with other IoT devices and systems, it can help enterprises realize automation of production processes, refined management of environmental monitoring, and optimization of energy consumption, thereby promoting intelligent transformation in multiple fields such as industry, agriculture, energy, and environmental protection. At the same time, these meters not only improve the real-time and accuracy of data processing through edge computing and data fusion technology, but also reduce system latency and improve the response speed and reliability of the overall system.

As a core component of the application of IoT technology, IoT smart meters are profoundly changing the operation mode and management methods of various industries. It not only improves the automation and real-time nature of data collection, but also promotes more efficient and accurate decision-making through integrated intelligent analysis functions. In the fields of industrial production, energy management, environmental monitoring, etc., IoT smart meters can provide enterprises with comprehensive and continuous monitoring and optimization tools to help enterprises track production processes, equipment status and environmental changes in real time, and realize intelligent production processes and energy saving and consumption reduction. For example, in the field of industrial automation, these meters can identify potential equipment failures or production bottlenecks through real-time data transmission and analysis, thereby supporting predictive maintenance, reducing downtime and improving production efficiency; in smart grids and energy management, they can accurately monitor power consumption, help users optimize energy use, reduce operating costs, and support the integration and optimal use of green energy. Another important role of IoT smart meters is that with the support of big data and cloud computing, it can process a large amount of real-time data, extract valuable information, help enterprises make more accurate and faster decisions, and promote the transformation from traditional manual management to automation and intelligence. However, with the advancement of technology and the deepening of its application, how to ensure the security of equipment, the privacy of data, and how to ensure the interconnection and standardization of systems are still important issues that need to be further explored and resolved. Overall, IoT smart meters not only provide more efficient management tools for all walks of life, but also open up new paths for the digital transformation and intelligent upgrading of enterprises.

LP Information, Inc. (LPI) ' newest research report, the “IoT Smart Meter Industry Forecast” looks at past sales and reviews total world IoT Smart Meter sales in 2024, providing a comprehensive analysis by region and market sector of projected IoT Smart Meter sales for 2025 through 2031. With IoT Smart Meter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world IoT Smart Meter industry.

This Insight Report provides a comprehensive analysis of the global IoT Smart Meter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on IoT Smart Meter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global IoT Smart Meter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for IoT Smart Meter and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global IoT Smart Meter.

This report presents a comprehensive overview, market shares, and growth opportunities of IoT Smart Meter market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Smart Water Meter
Smart Meter
Smart Gas Meter

Segmentation by Application:
Home
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Siemens
Philips
General Electric
STMicroelectronics
Intel
Samsung Electronics
Huawei
ZTE
Zhejiang Weixing Intelligent Instrument
Gold Card Smart Group
Beijing Cloud Optical Technology
Chengdu Qinchuan Internet of Things Technology
Hefei Dewey Intelligent Technology
Hangzhou Sizhu Intelligent Equipment
Zhejiang Wansheng Intelligent Technology
Sanchuan Smart Technology
Shenzhen Kelu Electronic Technology
Xintian Technology
Xi'an Jingqi Electronics

Key Questions Addressed in this Report

What is the 10-year outlook for the global IoT Smart Meter market?

What factors are driving IoT Smart Meter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do IoT Smart Meter market opportunities vary by end market size?

How does IoT Smart Meter break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.