Press release
Global Smart Meter Market Forecast: USD 22 Billion by 2032
Smart Electricity Meter Market
The Global Smart Electricity Meter Market is experiencing significant momentum, with the market size valued at approximately USD 13.71 billion in 2024, and projected to reach USD 22.02 billion by 2032, growing at a CAGR of 6.1% during the forecast period. Rising demand for efficient energy monitoring, real-time billing, and the shift toward smart grids are the primary growth drivers.
As utility providers and governments push for energy conservation and grid automation, smart meters are becoming integral to the digital transformation of electricity distribution systems.
Competitive Landscape and High-Demand Regions
Key players in the industry include Landis+Gyr, Itron, Schneider Electric, Honeywell, and Siemens, all of which are actively innovating in meter connectivity, AMI systems, and advanced energy data analytics. Asia-Pacific leads in terms of market demand, followed by robust expansion in North America and Europe due to government-backed modernization initiatives.
Gain more details with a free sample report. Inquire now :https://www.maximizemarketresearch.com/request-sample/17385/
🇺🇸 United States - Growth in Smart Meter Deployment
Smart Meter Growth in the United States
The United States is witnessing steady smart meter deployment, encouraged by government grants and energy efficiency mandates. The shift toward advanced metering infrastructure (AMI) has improved operational efficiency for utilities and offered consumers greater control over energy usage.
Market Consolidation and Strategic Developments
Itron completed a major acquisition of a software-driven AMI solution provider to boost cloud integration. Landis+Gyr introduced AI-enabled meters in partnership with regional utilities to enhance grid resilience and monitoring capabilities.
Asia-Pacific - Smart Meter Opportunities in Emerging Economies
Smart Meter Opportunities in Asia-Pacific
Countries like China, India, Japan, and Indonesia are investing heavily in smart grid infrastructure. Urbanization, rising electricity demand, and initiatives like India's National Smart Grid Mission are accelerating deployment. Asia-Pacific accounts for the largest market share globally.
Trends and Mergers in Asia-Pacific
Landis+Gyr expanded its presence in Southeast Asia through smart meter contracts with urban utilities. Itron partnered with local governments to supply low-cost, high-efficiency meters suitable for remote installations.
🇪🇺 Europe - Regulatory Trends Supporting Growth
Smart Meter Trends in Europe
The EU's target to replace 80% of electricity meters with smart alternatives by 2027 has spurred innovation. European smart meters are now integrating multi-utility features, helping achieve energy transition goals across the continent.
Technological Updation and Acquisitions
Siemens acquired a grid analytics startup to enhance its smart metering capabilities. Schneider Electric rolled out next-gen smart meters with predictive maintenance features across several EU markets.
Middle East and Africa - Smart Meter Growth in Infrastructure Development
Smart Meter Growth in Middle East & Africa
With infrastructure rapidly developing in nations like UAE, Saudi Arabia, and South Africa, smart meter implementation is gaining traction. These devices help utilities reduce technical and commercial losses while enabling prepaid metering models.
Consolidation and Strategic Partnerships
Honeywell entered a strategic partnership with utilities in the GCC to support full-scale rollouts of smart meters. Siemens secured a key contract in North Africa for a large smart grid pilot project.
Gain more details with a free sample report. Inquire now :https://www.maximizemarketresearch.com/request-sample/17385/
Breaking Down the Smart Electricity Meter Market: Key Segments Shaping the Industry
by Phase
Single Phase
Three Phase
The power line communication segment is expanding at the highest CAGR of xx% throughout the forecast period, according to the kind of communication technology. The market is expected to be dominated by power line communication. Because of its advantages, which include using the current utility infrastructure of poles and wires, being more cost-effective for rural lines, and being usable in difficult-to-reach places, power line communication is the most widely utilized communication method. The technology is well-established, has open standards, and is available from multiple manufacturers.
by Technology Type
Radio Frequency
Power Line Communication
Cellular
According to phase, the three-phase category is anticipated to dominate the market during the forecast period and develop at the highest CAGR of xx%. The majority of three-phase meters' uses are in large-scale commercial and industrial settings. The installation of three-phase smart electric meters is driven by the higher cost of three-phase meters compared to single-phase meters as well as the expansion of commercial facilities and enterprises.
by End User
Residential
Commercial
Industrial
The residential segment of the smart electric meter market is projected to have the xx% market share over the forecast period, according to end users. Reducing reliance on fossil fuels would be made easier with the installation of smart electric meters in homes. These meters can help consumers monitor, regulate, and reduce their grid consumption while also integrating their use of renewable energy sources like solar panels. The growing significance of power management solutions is pushing the market for smart electric meters and the extensive usage of advanced electrical, electronic, and data equipment.
Meet the Industry Leaders Revolutionizing the Smart Electricity Meter Market
1. Itron
2. Landis+Gyr
3. Jiangsu Linyang
4. Wasion
5. Aclara Technologies
6. Schneider
7. Siemens
8. Honeywell
9. Iskraemeco
10.ABB
11.GENERAL ELECTRIC
12.Holley Technology LTD.
13.Elster Group GmbH
14.Iskraemeco d.d.
15.Schneider Electric, Inc.
16.Aclara Technologies LLC
17.Iskraemeco d.d.
18.Microchip Technology Inc.
19.LINYANG Energy
20.Holley Technology UK Ltd.
21.OSAKI ELECTRIC CO., LTD.
22.Sensus
23.Trilliant Holdings Inc.
24.Kamstrup and E.ON UK plc
Uncover Key Insights Answering the Biggest Questions in the Smart Electricity Meter Market
What is Smart Electricity Meter ?
What is the growth rate of the Smart Electricity Meter Market?
Which are the factors expected to drive the Smart Electricity Meter market growth?
What is the CAGR at which the Smart Electricity Meter market will grow during the forecast period?
What are the different segments of the Smart Electricity Meter Market?
Which is the fastest growing region in the Smart Electricity Meter market?
What growth strategies are the players considering to increase their presence in Smart Electricity Meter ?
What are the upcoming opportunities and trends for the Smart Electricity Meter Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Smart Electricity Meter Market?
Who are the leading companies and what are their portfolios in Smart Electricity Meter Market?
What segments are covered in the Smart Electricity Meter Market?
Who are the key players in the Smart Electricity Meter market?
Gain a Competitive Edge - Access Market Insights Through the Sample Link @https://www.maximizemarketresearch.com/market-report/global-smart-electricity-meter-market/17385/
Explore the Revolutionary Products Powering Market Success
Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
Explore Our Trending Reports to Stay Ahead of Industry Shifts :
♦ Hummus Market https://www.maximizemarketresearch.com/market-report/hummus-market/221290/
♦ Global Piperonyl Butoxide (PBO) Market https://www.maximizemarketresearch.com/market-report/global-piperonyl-butoxide-pbo-market/57648/
♦ Graphite Market https://www.maximizemarketresearch.com/market-report/global-graphite-market/14950/
♦ Rodenticide Market https://www.maximizemarketresearch.com/market-report/rodenticide-market/13268/
♦ Indian Food and Beverages Market https://www.maximizemarketresearch.com/market-report/indian-food-and-beverages-market/29426/
♦ Walnut Market https://www.maximizemarketresearch.com/market-report/global-walnut-market/24016/
♦ Irish Whiskey Market https://www.maximizemarketresearch.com/market-report/global-irish-whiskey-market/94141/
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
About Us
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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 Global Smart Meter Market Forecast: USD 22 Billion by 2032 here
News-ID: 4107962 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Global District Heating Market to Grow from USD 206.57 Billion in 2024 to USD 28 …
According to a new report by Maximize Market Research, the global District Heating Market was valued at USD 206.57 Billion in 2024 and is projected to reach USD 287.09 Billion by 2032, growing at a CAGR of 4.2%. The forecast period 2025-2032 is expected to see strong adoption globally with Europe leading in market share. Key drivers include increasing energy demand, sustainability goals, and advances in renewable and waste heat…
Electrolyte Powder Market to Grow from USD 8.87 Billion in 2024 to USD 16.76 Bil …
According to a new report by Maximize Market Research, the global Electrolyte Powder Market was valued at USD 8.87 billion in 2024 and is projected to reach USD 16.76 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.27% over the forecast period. The study highlights increasing consumer focus on health, fitness, hydration, and clean‐label ingredients as major drivers of market growth worldwide. Driven by rising health…
A2P SMS Market Forecast Highlights 3.43% CAGR During 2024-2030
A2P SMS Market was valued at USD 68.90 Billion in 2023, and it is expected to reach USD 87.25 Billion by 2030, exhibiting a CAGR of 3.43% during the forecast period (2024-2030)
A2P SMS Market Overview:
The A2P (Application-to-Person) SMS market is a crucial segment within the telecommunications industry, facilitating direct communication between businesses and consumers. A2P SMS allows enterprises to send automated messages, notifications, alerts, and promotional content directly to mobile…
Global Walnut Market Set to Reach USD 12.42 Billion by 2032 at a CAGR of 5.15% - …
According to a new report by Maximize Market Research, the global walnut market, valued at USD 8.31 Billion in 2024, is projected to grow to USD 12.42 Billion by 2032, registering a CAGR of 5.15% over the forecast period. The growth is driven by rising interest in nutritious foods, expanding food processing uses, and increasing demand across Asia-Pacific and Europe. The forecast period spans 2025 to 2032. Rising consumer demand…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
