Press release
Prominent Smart Meter Market Trend for 2025: Advanced Smart Meter With Grid-Edge Capabilities Enhances Energy Efficiency And Grid Reliability
Smart Meter Market
The increasing use of renewable energy is expected to boost the smart meter market. Smart meters help integrate and manage renewable energy sources by providing real-time data on consumption and production. For example, in 2023, U.S. solar power generation was 63 billion kWh, with projections for a 75% rise by 2025. This growing reliance on renewable energy will drive the demand for smart meters.
Get Your Smart Meter Market Report Here:
https://www.thebusinessresearchcompany.com/report/smart-meter-global-market-report
What growth opportunities are expected to drive the smart meter market's CAGR through 2034?
The smart meter market has grown significantly in recent years. It will rise from $26.65 billion in 2024 to $29.29 billion in 2025, at a CAGR of 9.9%. This growth is fueled by energy efficiency mandates, the focus on energy conservation and cost reduction, the integration of renewable energy sources, growing demand for transparency in energy consumption, and reduced costs in manual meter reading.
The smart meter market is forecast to grow strongly, reaching $42.17 billion by 2029 with a CAGR of 9.5%. Growth will be driven by predictive maintenance and efficiency analytics, urbanization, electric vehicle adoption, energy monitoring and optimization, and government policies supporting energy efficiency. Trends include IoT and AI integration, smart grid technologies, advanced metering infrastructure (AMI) systems, cybersecurity measures, and platforms for real-time energy monitoring.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=17256&type=smp
What are the emerging trends shaping the future of the smart meter market?
Companies in the smart meter market are creating advanced metering solutions, such as smart meters with grid-edge capabilities, to optimize energy efficiency. For instance, in December 2023, Xylem launched the Stratus IQ+ electricity meter, which delivers real-time data and insights, including EV charging details. Its grid-edge capabilities and edge computing help utilities monitor and manage electricity distribution more efficiently.
Which growth-oriented segments of the smart meter market are leading the industry's development?
The smart meter market covered in this report is segmented -
1) By Type: Smart Electric Meter, Smart Gas Meter, Smart Water Meter
2) By Component: Hardware, Software
3) By Technology: Advanced Metering Infrastructure (AMI), Automatic Meter Reading (AMR)
4) By Communication: Radio Frequency (RF), Power Line Communication (PLC), Cellular
5) By End Use: Residential, Commercial, Industrial
Subsegments:
1) By Smart Electric Meter: Advanced Metering Infrastructure (AMI) Electric Meters, Prepaid Electric Meters, Two-Way Communication Electric Meters
2) By Smart Gas Meter: Ultrasonic Gas Meters, Diaphragm Gas Meters, Rotary Gas Meters
3) By Smart Water Meter: Mechanical Smart Water Meters, Electromagnetic Smart Water Meters, Ultrasonic Smart Water Meters
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=17256
Which regions are key players in the growth of the smart meter market?
Asia-Pacific was the largest region in the smart meter market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the smart meter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the smart meter market?
Major companies operating in the smart meter market are Siemens AG, Honeywell International Inc, ABB Group, Larsen & Toubro, Sensus Technologies Private Limited, Sagemcom SAS, Shenzhen Kaifa Technology Co. Ltd., Itron Inc., Landis Gyr Limited, Wasion Holdings Limited, Osaki Electric Co. Ltd., Hexing Electrical Co.Ltd., Badger Meter Inc, Pietro Fiorentini Db India Private Limited, Aclara Technologies LLC, Kamstrup Metering Solutions Pvt. Ltd., Neptune Technology Group Inc., Genus Power Infrastructures Ltd., Iskraemeco Group, Jiangsu Linyang Energy Co. Ltd., Secure Meters Ltd, Suntront Tech Co. Ltd, EDMI Limited, Networked Energy Services Corporation, Holley Metering Limited
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=17256&type=smp
What Is Covered In The Smart Meter Global Market Report?
•Market Size Forecast: Examine the smart meter market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart meter market for a structured understanding.
•Key Players Overview: Analyze major players in the smart meter market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart meter market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart meter market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart meter market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart meter market.
•Competitive Landscape: Review strategic developments in the smart meter market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Prominent Smart Meter Market Trend for 2025: Advanced Smart Meter With Grid-Edge Capabilities Enhances Energy Efficiency And Grid Reliability here
News-ID: 3934529 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Meter
Smart Meter Market Set for Explosive Growth| Secure Meter, Kamsturp, Itron
Market Research Forecast published a new research publication on "Smart Meter Market" with 230+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Smart Meter market was mainly driven by the increasing R&D spending across the world. Some of the key players profiled in the study…
Flow Meter Market Looks Ready For Takeoff: ABB, Badger Meter, Flexim
The Latest Released Global Flow Meter market study has evaluated the future growth potential of Global Flow Meter market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential…
Ultrasonic Water Meter Market Ultrasonic Water Meter Market
The proposed Ultrasonic Water Meter Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.
The Ultrasonic Water Meter Market sample report…
Water Meter Market 2021 Growing Demand, Size and Business Outlook- Ningbo Water …
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Water Meter market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.
The Water Meter Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and…
Smart Gas Meter Market Outlook 2017- Trilliant, Sensus, Billion, Wasion, Meter I …
A market study ” Global Smart Gas Meter Market ” examines the performance of the Smart Gas Meter market 2017. It encloses an in-depth Research of the Smart Gas Meter market state and the competitive landscape globally. This report analyzes the potential of Smart Gas Meter market in the present and the future prospects from various angles in detail.
The Global Smart Gas Meter Market 2017 report includes Smart Gas Meter…
Global Smart Meter Market (Electricity, Gas, Water): By Type - Smart Electricity …
MarketResearchReports.Biz adds “Global Smart Meter Market 2011 Share, Size, Trends and Forecast to 2022 Market Research Report” reports to its database. This report provides a strategic analysis of the Smart Meter market and the growth estimates for the forecasted period.
Global rise in energy demand along with the emerging trends in smart grid technologies, integration, and advanced infrastructure along with IoT (Internet of Things) has led to the growth of Smart…
