Global Smart Electricity Meter Market Size, Share, By Phase (Single-phase and Three-phase), Technology (Advanced Metering Infrastructure and Auto Meter Reading), End-User (Residential, Commercial, and Industrial), and Region - Trends, Analysis, and Foreca

Global Smart Electricity Meter Market Size, Share, By Phase (Single-phase and Three-phase), Technology (Advanced Metering Infrastructure and Auto Meter Reading), End-User (Residential, Commercial, and Industrial), and Region - Trends, Analysis, and Forecast till 2035

Smart Electricity Meter is a next generation technology that measures electricity consumption of a home or a building. It also communicate securely outside your home, using the mobile network. It is an internet capable device, which not only records daily consumption of energy but also helps in managing energy distribution. Real time sensors monitors and provides two-way communication between the building and utility infrastructure to the central power grid. Technological advancement, increasing penetration of internet has become the major contribution in target market growth. Further, rising demand for smart electric meters by utilities and industries in developed countries, and integration of electric vehicles is expected to propel the Smart Electricity Meter Market over the forecast period.Smart Electrical Meters Market was valued at US$ 13.4 billion in 2024 and is projected to grow at a CAGR of 8.6% to reach US$ 28.4 billion by 2034.

The report “Smart Electricity Meter Market, By Phase (Single Phase and Three Phases), By Communication Technology Type (Communication, Cellular and Radio Frequency), By End User (Residential, Commercial and Industrial), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Highlights:

• In September 2022, Coimbatore based company, Delving Research and Development develops new smart electricity meters “Delsmart IoT Meter” in Madhya Pradesh (India), as part of pilot project. Newly launched product will be working on cloud, reduce energy losses for power saving, and ensures safety of electrical equipment on premises of users and can be used for any other service connection in distribution transformers.
• In September 2021, Technology firm Kamstrup launched new smart electricity meter “OMNIA” based on cellular IoT communication to enhance its offering within the advanced metering market featured with high capacity and speed.

List of Key Players in the Market:

• Itron Inc.
• Landis+Gyr
• Jiangsu Linyang Energy Co., Ltd.
• Wasion Holdings International
• Hubbell
• Schneider Electric
• Siemens
• Iskraemeco Group
• ABB
• General Electric Company
• Holley Technology Ltd.
• Iskraemeco d.d.
• Microchip Technology Inc.
• OSAKI ELECTRIC CO., LTD
• Trilliant Holdings Inc

Analyst View:

The key factor driving the growth of the Smart Electricity Meter market is technological advancement. Rising adoption of cloud based services and solutions, favorable government mandates and fiscal incentives to the customers enhance the growth of the target market. Further, increasing investment in smart grid projects, increasing need for efficient data monitoring systems and stringent government policies is expected to fruitful the Smart Electricity Meter Market growth in coming future. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Key Market Insights from the report:

Smart Electrical Meters Market was valued at US$ 13.4 billion in 2024 and is projected to grow at a CAGR of 8.6% to reach US$ 28.4 billion by 2034. The Smart Electricity Meter Market is segmented based on Phase, Communication Technology Type, End User and Region.

• Based on Phase, Smart Electricity Meter Market is segmented into Single Phase and Three Phases.
• Based on Communication Technology Type, Smart Electricity Meter Market is segmented into Communication, Cellular and Radio Frequency.
• Based on End User, Smart Electricity Meter Market is segmented into Residential, Commercial and Industrial.
• By Region, the Smart Electricity Meter Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2025 to 2035.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
• Market intelligence to enable effective decision-making
• Growth opportunities and trend analyses
• Market estimates and forecasts from 2025 to 2035
• Segment and regional revenue forecasts for market assessment
• Competition strategy and market share analysis

Segmentation:

By Phase:

• Single-phase
• Three-phase

By Technology:

• Advanced Metering Infrastructure
• Auto Meter Reading

By End-User:

• Residential
• Commercial
• Industrial

By Region:

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• GCC
• Israel
• South Africa
• Rest of Middle East & Africa

Competitive Landscape & their strategies of Smart Electricity Meter Market:

The prominent players operating in the Smart Electricity Meter Market includes, Itron Inc., ABB Group Limited, General Electric Company Pvt Ltd., Schneider Electric corporation, Aclara technologies LLC, Siemens AG Pvt Ltd., Elster Group GmbH Ltd., Holley Metering Ltd., Iskraemecod Inc., Landis Gyr, Toshiba Corporation, and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

Key Questions Answered:

• How is the Smart Electricity Meter Market‚Äì expected to evolve by 2035?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2035?
• Who are the leading players in the market, and what are their prospects?