The smart electric meter market size has grown strongly in recent years. It will grow from $23.69 billion in 2025 to $26.02 billion in 2026 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to historic rollout of digital metering, increasing need for accurate billing, early adoption of remote monitoring systems, growth in residential smart grid programs, reliance on plc and rf technologies.
The smart electric meter market size is expected to see strong growth in the next few years. It will grow to $37.73 billion in 2030 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rising deployment of ami infrastructure, expansion of real-time consumption analytics, increasing smart home integration, growth in utility energy optimization programs, development of advanced communication-enabled meters. Major trends in the forecast period include expansion of IoT-enabled metering systems, development of cloud-based energy analytics, adoption of AI-assisted consumption optimization, growth of sustainable grid modernization, advancement of intelligent automated metering platforms.
The increasing power demand across the globe is expected to drive the smart electric meter market. Rapid growth in socio-economic factors such as population, urbanization, net capital income, and industrial activities in both developed and developing economies has significantly contributed to a surge in global power demand. Rising power consumption is anticipated to boost the adoption of smart meters, as governments and utility providers worldwide invest in advanced metering infrastructure and technologies to achieve error-free, automated utility operations. For example, in March 2025, a report released by the International Energy Agency (IEA), a France-based non-profit international association, indicated that global electricity consumption grew by 2.5% in 2023 and by 4.3% in 2024. Therefore, the growing demand for power is expected to fuel the demand for smart electric meters during the forecast period.
Major companies operating in the smart electric meter market are focusing on developing innovations such as real-time monitoring, which provides immediate access to energy usage data. Real-time monitoring refers to the continuous tracking of processes, systems, or data as they occur, offering instant insights and updates. For instance, in May 2024, Oakter, an India-based electronics manufacturer, launched OAKMETER, aimed at improving energy management and consumption efficiency. This smart meter uses advanced technologies such as IoT, real-time data analytics, and advanced metering infrastructure to enhance energy management. It enables two-way communication with utility servers, providing real-time monitoring, tamper detection, and outage identification. The meter delivers high accuracy, validated in certified labs, and uses 4G connectivity for optimized data handling. This innovation boosts operational efficiency, reduces manual intervention, and lowers costs for both consumers and utility providers.
In September 2024, Kaynes Technologies, an India-based appliances, electrical, and electronics manufacturing company, acquired Iskraemeco India Pvt. Ltd. for $5.13 million. This acquisition aims to strengthen Kaynes’ product portfolio and expand its global market presence. It also enables the company to leverage Iskraemeco’s expertise in smart metering and energy management solutions. Iskraemeco India Pvt. Ltd. is an India-based company specializing in the development and manufacturing of smart metering solutions.
Major companies operating in the smart electric meter market are Itron Inc., Landis+Gyr Group AG, Schneider Electric SE, Siemens AG, Honeywell International Inc., Aclara Technologies LLC, EDMI Limited, Kamstrup A/S, Sensus Inc., Wasion International Ltd., ABB Ltd., Sagemcom Ltd., Holley Technology Ltd., Elster Group SE, Iskraemeco D.D., Jiangsu Linyang Energy Co. Ltd., Hexing Electrical Co. Ltd., Networked Energy Services Corporation, Secure Meters Limited, B METERS Srl, Diehl Stiftung & Co. KG, ZENNER Aquamet India Pvt. Ltd.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have influenced the smart electric meter market by increasing the cost of imported semiconductors, communication modules, and electronic assemblies sourced from major global suppliers. Residential, commercial, and utility sectors in North America, Europe, and Asia-Pacific face higher system deployment costs and delayed rollout schedules. However, tariffs are also encouraging regional manufacturing of meter components, diversification of communication module suppliers, and innovation in cost-efficient metering technologies, strengthening long-term grid modernization efforts.
The smart electric meter market research report is one of a series of new reports that provides smart electric meter market statistics, including smart electric meter industry global market size, regional shares, competitors with a smart electric meter market share, detailed smart electric meter market segments, market trends and opportunities, and any further data you may need to thrive in the smart electric meter industry. This smart electric meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
A smart electric meter is a digital device that tracks and records electricity usage in real-time, delivering detailed data to both consumers and utility companies. It enables more accurate billing, remote monitoring, and improved energy management, often integrating with smart home systems to optimize energy consumption.
The main types of smart electric meters include advanced metering infrastructure and auto meter reading. Advanced metering infrastructure refers to an integrated system that includes smart meters, communication networks, and a data management system, allowing for two-way communication between utilities and end-users. Smart electric meters operate on both single and three-phase electrical lines and utilize power line communication, radio frequency, and cellular technologies for communication. These meters find wide applications in residential, commercial, and utility settings.Asia-Pacific was the largest region in the smart electric meter market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the smart electric meter market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart electric meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The smart electric meter market consists of sales of three-phase and single-phase electric meters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The smart electric meter market size is expected to see strong growth in the next few years. It will grow to $37.73 billion in 2030 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rising deployment of ami infrastructure, expansion of real-time consumption analytics, increasing smart home integration, growth in utility energy optimization programs, development of advanced communication-enabled meters. Major trends in the forecast period include expansion of IoT-enabled metering systems, development of cloud-based energy analytics, adoption of AI-assisted consumption optimization, growth of sustainable grid modernization, advancement of intelligent automated metering platforms.
The increasing power demand across the globe is expected to drive the smart electric meter market. Rapid growth in socio-economic factors such as population, urbanization, net capital income, and industrial activities in both developed and developing economies has significantly contributed to a surge in global power demand. Rising power consumption is anticipated to boost the adoption of smart meters, as governments and utility providers worldwide invest in advanced metering infrastructure and technologies to achieve error-free, automated utility operations. For example, in March 2025, a report released by the International Energy Agency (IEA), a France-based non-profit international association, indicated that global electricity consumption grew by 2.5% in 2023 and by 4.3% in 2024. Therefore, the growing demand for power is expected to fuel the demand for smart electric meters during the forecast period.
Major companies operating in the smart electric meter market are focusing on developing innovations such as real-time monitoring, which provides immediate access to energy usage data. Real-time monitoring refers to the continuous tracking of processes, systems, or data as they occur, offering instant insights and updates. For instance, in May 2024, Oakter, an India-based electronics manufacturer, launched OAKMETER, aimed at improving energy management and consumption efficiency. This smart meter uses advanced technologies such as IoT, real-time data analytics, and advanced metering infrastructure to enhance energy management. It enables two-way communication with utility servers, providing real-time monitoring, tamper detection, and outage identification. The meter delivers high accuracy, validated in certified labs, and uses 4G connectivity for optimized data handling. This innovation boosts operational efficiency, reduces manual intervention, and lowers costs for both consumers and utility providers.
In September 2024, Kaynes Technologies, an India-based appliances, electrical, and electronics manufacturing company, acquired Iskraemeco India Pvt. Ltd. for $5.13 million. This acquisition aims to strengthen Kaynes’ product portfolio and expand its global market presence. It also enables the company to leverage Iskraemeco’s expertise in smart metering and energy management solutions. Iskraemeco India Pvt. Ltd. is an India-based company specializing in the development and manufacturing of smart metering solutions.
Major companies operating in the smart electric meter market are Itron Inc., Landis+Gyr Group AG, Schneider Electric SE, Siemens AG, Honeywell International Inc., Aclara Technologies LLC, EDMI Limited, Kamstrup A/S, Sensus Inc., Wasion International Ltd., ABB Ltd., Sagemcom Ltd., Holley Technology Ltd., Elster Group SE, Iskraemeco D.D., Jiangsu Linyang Energy Co. Ltd., Hexing Electrical Co. Ltd., Networked Energy Services Corporation, Secure Meters Limited, B METERS Srl, Diehl Stiftung & Co. KG, ZENNER Aquamet India Pvt. Ltd.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have influenced the smart electric meter market by increasing the cost of imported semiconductors, communication modules, and electronic assemblies sourced from major global suppliers. Residential, commercial, and utility sectors in North America, Europe, and Asia-Pacific face higher system deployment costs and delayed rollout schedules. However, tariffs are also encouraging regional manufacturing of meter components, diversification of communication module suppliers, and innovation in cost-efficient metering technologies, strengthening long-term grid modernization efforts.
The smart electric meter market research report is one of a series of new reports that provides smart electric meter market statistics, including smart electric meter industry global market size, regional shares, competitors with a smart electric meter market share, detailed smart electric meter market segments, market trends and opportunities, and any further data you may need to thrive in the smart electric meter industry. This smart electric meter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
A smart electric meter is a digital device that tracks and records electricity usage in real-time, delivering detailed data to both consumers and utility companies. It enables more accurate billing, remote monitoring, and improved energy management, often integrating with smart home systems to optimize energy consumption.
The main types of smart electric meters include advanced metering infrastructure and auto meter reading. Advanced metering infrastructure refers to an integrated system that includes smart meters, communication networks, and a data management system, allowing for two-way communication between utilities and end-users. Smart electric meters operate on both single and three-phase electrical lines and utilize power line communication, radio frequency, and cellular technologies for communication. These meters find wide applications in residential, commercial, and utility settings.Asia-Pacific was the largest region in the smart electric meter market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the smart electric meter market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart electric meter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The smart electric meter market consists of sales of three-phase and single-phase electric meters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Smart Electric Meter Market Characteristics
3. Smart Electric Meter Market Supply Chain Analysis
4. Global Smart Electric Meter Market Trends and Strategies
5. Smart Electric Meter Market Analysis of End Use Industries
7. Global Smart Electric Meter Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Smart Electric Meter Total Addressable Market (TAM) Analysis for the Market
9. Smart Electric Meter Market Segmentation
10. Smart Electric Meter Market Regional and Country Analysis
11. Asia-Pacific Smart Electric Meter Market
12. China Smart Electric Meter Market
13. India Smart Electric Meter Market
14. Japan Smart Electric Meter Market
15. Australia Smart Electric Meter Market
16. Indonesia Smart Electric Meter Market
17. South Korea Smart Electric Meter Market
18. Taiwan Smart Electric Meter Market
19. South East Asia Smart Electric Meter Market
20. Western Europe Smart Electric Meter Market
21. UK Smart Electric Meter Market
22. Germany Smart Electric Meter Market
23. France Smart Electric Meter Market
24. Italy Smart Electric Meter Market
25. Spain Smart Electric Meter Market
26. Eastern Europe Smart Electric Meter Market
27. Russia Smart Electric Meter Market
28. North America Smart Electric Meter Market
29. USA Smart Electric Meter Market
30. Canada Smart Electric Meter Market
31. South America Smart Electric Meter Market
32. Brazil Smart Electric Meter Market
33. Middle East Smart Electric Meter Market
34. Africa Smart Electric Meter Market
36. Smart Electric Meter Market Competitive Landscape and Company Profiles
37. Smart Electric Meter Market Other Major and Innovative Companies
40. Smart Electric Meter Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Smart Electric Meter Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses smart electric meter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for smart electric meter? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The smart electric meter market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Scope
Markets Covered:
1) By Type: Advanced Metering Infrastructure; Auto Meter Reading2) By Phase: Single; Three
3) By Communication Technology: Power Line Communication; Radio Frequency; Cellular
4) By Application: Residential; Commercial; Utility
Subsegments:
1) By Advanced Metering Infrastructure (AMI): Smart Electric Meters; Communication Networks (e.g.; RF; PLC; cellular); Meter Data Management Systems; Consumer Energy Management Systems2) By Auto Meter Reading (AMR): One-Way Communication Meters; Two-Way Communication Meters; Walk-by/Drive-by Meter Reading Systems; Mobile Meter Reading Solutions
Companies Mentioned: Itron Inc.; Landis+Gyr Group AG; Schneider Electric SE; Siemens AG; Honeywell International Inc.; Aclara Technologies LLC; EDMI Limited; Kamstrup A/S; Sensus Inc.; Wasion International Ltd.; ABB Ltd.; Sagemcom Ltd.; Holley Technology Ltd.; Elster Group SE; Iskraemeco D.D.; Jiangsu Linyang Energy Co. Ltd.; Hexing Electrical Co. Ltd.; Networked Energy Services Corporation; Secure Meters Limited; B METERS Srl; Diehl Stiftung & Co. KG; ZENNER Aquamet India Pvt. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Smart Electric Meter market report include:- Itron Inc.
- Landis+Gyr Group AG
- Schneider Electric SE
- Siemens AG
- Honeywell International Inc.
- Aclara Technologies LLC
- EDMI Limited
- Kamstrup A/S
- Sensus Inc.
- Wasion International Ltd.
- ABB Ltd.
- Sagemcom Ltd.
- Holley Technology Ltd.
- Elster Group SE
- Iskraemeco D.D.
- Jiangsu Linyang Energy Co. Ltd.
- Hexing Electrical Co. Ltd.
- Networked Energy Services Corporation
- Secure Meters Limited
- B METERS Srl
- Diehl Stiftung & Co. KG
- ZENNER Aquamet India Pvt. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 26.02 Billion |
| Forecasted Market Value ( USD | $ 37.73 Billion |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 23 |
