Press release
Smart Electric Meter Market to Exhibit Growth at a Massive CAGR of 10.75% From 2025 To 2034
Smart Electric Meter Market
➤ Request Free Sample PDF Report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20109
➤ Market Size
• The global smart electric meter market was valued at USD 25 Billion in 2021.
• It increased to approximately USD 28.35 Billion in 2022.
• The market is projected to reach around USD 55.2 Billion by 2030.
• From 2022 to 2030, the market is expected to grow at a CAGR of 10.75 %, indicating robust long-term expansion.
• Growth reflects increased investment in grid modernization and metering infrastructure globally.
➤ Market Overview
• Smart electric meters digitally measure and report electricity usage in real time, replacing traditional manual meter reading.
• These meters enable utilities to monitor power usage, detect outages, reduce energy theft, and support dynamic tariff plans.
• Smart meters are key components of smart grid infrastructures that improve energy efficiency and reliability.
• The technology is widely adopted in residential, commercial, and industrial sectors.
• Increasing global electrification and demand for energy management systems are driving broader deployment.
➤ Key Market Growth Drivers
• Efficient energy cost savings: Smart meters help consumers monitor and control electricity use to lower energy costs.
• Real-time data and analytics: Utilities benefit from accurate usage data for billing, demand forecasting, and outage management.
• Government mandates & incentives: Policies promoting grid upgrades and smart metering encourage deployment and investment.
• Rising smart grid adoption: Countries investing in modern electrical infrastructure drive smart meter adoption at scale.
• Enhanced security features: Tamper detection and frequent measurement improve safety and reduce losses.
➤ Explore Full Report here: https://www.custommarketinsights.com/report/smart-electric-meter-market/
➤ Analysis of Key Players - Key Player Strategies
• Notable companies operating in the smart electric meter market include Landis+Gyr (Toshiba Corporation), Schneider Electric, Wasion Group Holdings, Honeywell International Inc., Itron Inc., Siemens, Iskraemeco, Jiangsu Linyang Energy Co. Ltd, Microchip Technology, Aclara, and others.
• Key strategies include product innovation such as advanced grid sensing and next-generation communication technologies.
• Companies emphasize collaborations and partnerships with utilities to expand market penetration.
• Investment in connectivity technologies (e.g., cellular, RF, PLC) enhances device interoperability and durability.
• Competitive activities include expanding geographic footprint, diversifying product portfolios to address residential, commercial, and industrial needs.
➤ Market Challenges & Opportunities
• Challenges: High initial deployment cost and integration complexity with existing power systems can slow adoption.
• Legacy systems and regulatory complexities across regions may hinder uniform rollout speeds.
• Opportunities: Emerging economies investing in grid modernization present strong growth potential.
• Demand for energy efficiency and demand forecasting tools creates avenues for smart meter service and analytics offerings.
• Increased focus on decarbonization and renewable integration supports market expansion.
➤ Recent Developments (as per report)
• 2020: Landis+Gyr introduced Revelo electric meters featuring advanced grid sensing technology to serve utilities better.
• 2020: Itron launched a 4G LTE intelligent metering solution offering broader geographic coverage, low latency, and improved network durability.
➤ Investment Landscape and ROI Outlook
• Investors are attracted by the double-digit CAGR and long-term demand across utilities seeking efficiencies.
• Smart meter projects often qualify for public-private financing due to energy policy mandates.
• ROI potential is strengthened by savings from reduced manual meter reading and improved grid management.
• Expansion into value-added services like analytics and demand forecasting offers new revenue streams.
• Partnerships between meter manufacturers and utilities support scalable deployment and recurring service contracts.
➤ Download Full PDF Sample Copy of Market Report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20109
➤ Market Segmentations (with region)
By Technology:
• AMI (Advanced Metering Infrastructure) technologies including RF, PLC, and Cellular
• AMR (Automated Meter Reading)
By Phase:
• Single Phase
• Three Phase
By End-User:
• Residential
• Commercial
• Industrial
By Geography:
• North America - strong adoption due to smart grid modernization and utility funding.
• Europe - largest market driven by regulatory mandates and energy efficiency policies.
• Asia-Pacific - fastest-growing region due to infrastructure expansion in China, India and others.
• Middle East & Africa - emerging investments in grid modernization.
• Latin America - increasing electrification projects.
➤ Why Buy This Report?
• Provides a comprehensive global forecast to 2030 with robust statistical data and market projections.
• Offers detailed insights into market drivers, challenges, and opportunities.
• Includes competitive landscape analysis with company profiles and strategic activities.
• Covers segment analysis by technology, phase, end-user, and region.
• Useful for utilities, energy companies, investors, and policymakers for planning and strategy.
➤ FAQs
Q. • What is the projected size of the global smart electric meter market by 2030?
• The market is expected to reach approximately USD 55.2 Billion by 2030.
Q. • What CAGR is the smart electric meter market expected to achieve?
• It is forecast to grow at a CAGR of around 10.75 % between 2022 and 2030.
Q. • Which region currently leads or is fastest growing?
• Europe is the largest market, while Asia-Pacific is identified as the fastest-growing region.
Q. • What are the key technologies in the smart electric meter market?
• Key technologies include AMI (with RF, PLC, Cellular) and AMR for meter communication and connectivity.
Q. • Who are major players in the smart electric meter market?
• Major participants include Landis+Gyr (Toshiba Corporation), Schneider Electric, Wasion Group Holdings, Honeywell, Itron Inc., and Siemens among others.
➤ More Related Reports by Custom Market Insights-
Global Marine Valve Remote Control System Market 2025 - 2034
https://www.custommarketinsights.com/report/marine-valve-remote-control-system-market/
Global Aluminium Cables and Conductors Market 2025 - 2034
https://www.custommarketinsights.com/report/aluminium-cables-and-conductors-market/
Global Hydrogen Compressor Market 2025 - 2034
https://www.custommarketinsights.com/report/hydrogen-compressor-market/
US e-Fuels Market 2025 - 2034
https://www.custommarketinsights.com/report/us-e-fuels-market/
➤ Conclusion
The global smart electric meter market is poised for strong expansion, rising from USD 25 Billion in 2021 to an estimated USD 55.2 Billion by 2030, with a 10.75 % CAGR driving this growth. Smart meters enable real-time electricity usage monitoring, efficient billing, and smart grid integration, making them essential for modern energy infrastructure. Growth is propelled by rising investments in grid modernization, supportive regulatory frameworks, and demand for energy efficiency. Key players like Landis+Gyr and Schneider Electric are advancing technology and expanding geographic reach. With opportunities in emerging regions and value-added services, the market presents compelling prospects for utilities and investors alike.
Contact Us:
Joel John
Custom Market Insights
1333, 701 Tillery Street Unit 12,
Austin, TX, Travis, US, 78702
USA: +1 801-639-9061
India: +91 20 46022736
Email: support@custommarketinsights.com
Web: https://www.custommarketinsights.com/
About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
CMI is a one-stop solution for data collection and investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts advise clients on aspects such as strategies for future estimation, forecasting, opportunities to grow, and consumer surveys.
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 Smart Electric Meter Market to Exhibit Growth at a Massive CAGR of 10.75% From 2025 To 2034 here
News-ID: 4365414 • Views: …
More Releases from Custom Market Insights
E-Learning Market to Grow Immensely at a CAGR of 8.5% From 2025 To 2034
As per the E-Learning Market analysis conducted by CMI Team, the global E-Learning market is expected to record a CAGR of 8.5% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 366 Billion. By 2034, the valuation is anticipated to reach USD 764 Billion.
➤ Request Free Sample PDF Report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20635
➤ Market Size
• The global E-Learning market was valued at USD 338…
Armored Vehicles Market to Grow Immensely at a CAGR of 4.38% From 2025 To 2034
The armored vehicles market is expected to grow at a compound annual growth rate of 4.38% during the forecast period. The market is expected to reach USD 79.8 Billion by the year 2034 from USD 54.26 Billion in the year 2025. These vehicles are combat vehicles that are armed and provide protection due to their shield against shrapnel, weapons, missiles, projectiles, and bullets. Constant research and development have been instrumental…
Hybrid Vehicle Market Revenues To Grow At Nearly 30% From 2025 To 2034
According to Custom Market Insights (CMI), The Global Hybrid Vehicle Market size was estimated at USD 329 Billion in 2021 and is expected to reach USD 477 billion in 2022 and is expected to hit around USD 1670 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 30% from 2022 to 2030.
➤ Request Free Sample PDF Report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20079
➤ Market Size
• The global hybrid…
Electric Powertrain Market To Advance At CAGR Of 38% From 2025 To 2034
According to Custom Market Insights (CMI), The Global Electric Powertrain Market size was estimated at USD 88.11 Billion in 2021 and is expected to reach USD 110 billion in 2022 and is expected to hit around USD 1324 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 38% from 2022 to 2030.
➤ Request Free Sample PDF Report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20042
➤ Market Size
• The global electric…
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…
