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Smart Meter - Company Evaluation Report, 2025

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    Report

  • 157 Pages
  • May 2025
  • Region: Global
  • Markets and Markets
  • ID: 6096966
Description Jump to:
The Smart Meter Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Smart Meter. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. Over 150 companies were evaluated of which the Top 18 Smart Meter companies were categorized and recognized as the quadrant leaders.

A smart meter is a device that measures a consumer’s utility usage while enabling two-way communication between the user and the utility provider. It records consumption at predefined intervals and transmits this data to utility operators for monitoring and billing purposes. Depending on the meter type, it can provide a range of detailed information, allowing utility operators to conduct deeper data analysis. This analysis supports more efficient operations by helping balance real-time production and consumption, reducing the need for additional energy production.

Governments worldwide are launching various initiatives to meet future electricity demands while aiming to lower carbon emissions by encouraging renewable energy sources. Smart meters are poised to play a vital role in supporting these initiatives. Additionally, factors such as the rising adoption of electric vehicles, the development of microgrids and distributed energy storage solutions, and the growing demand for net metering are key drivers propelling the growth of the smart meter market.

The 360 Quadrant maps the Smart Meter companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Smart Meter quadrant. The top criteria for product footprint evaluation included Communication Technology (Radiofrequency (RF), power line communication (PLC), and cellular technology), Component (Hardware and Software), and Technology (Automatic meter reading (AMR) and advanced metering infrastructure (AMI).

Key Players:

The competitive landscape of the smart meter market is characterized by prominent players such as Landis+Gyr, Itron Inc., Sagemcom, and OSAKI ELECTRIC CO., LTD. (EDMI). These companies utilize strategic partnerships, acquisitions, and innovations to enhance their Company Positioning and expand their market share. They focus on strengthening their Company Product Portfolio to meet diverse consumer needs and optimize Company Market Share across varied regions.

Landis+Gyr

Landis+Gyr holds a significant position in the smart meter market, emphasizing a strong Company Market Share through innovative solutions designed for residential, commercial, and industrial applications. The company continuously evolves its Company Product Portfolio with advanced metering solutions that facilitate efficient energy management for utilities worldwide. Landis+Gyr has focused heavily on global distribution networks to fortify its company positioning and differentiate its offerings from those of its competitors. Through strategic acquisitions and partnerships, Landis+Gyr promotes sustainable energy management and positions itself as a grid edge intelligence and smart infrastructure leader.

Itron Inc.

Itron Inc. maintains a robust company position with its comprehensive offerings of smart meters, including essential infrastructure solutions to enhance utility efficiency and service quality. By bolstering its Company Product Portfolio through innovations in automatic and real-time meter data management, Itron supports utilities in achieving significant operational efficiencies. Itron’s strategic growth is driven by new product launches, partnerships, and regional expansions, which bolster its Company Market Share across North America, Asia Pacific, and other regions.

Sagemcom

Sagemcom is a key player distinguished by its extensive Company Product Portfolio and expertise in energy metering under its Smart City division. The company’s focus on product innovation and strategic alliances enhances its Company Market Share and Positioning in both mature and emerging markets. To deliver integrated and efficient solutions, Sagemcom leverages its capabilities across related technologies, including IoT connectivity and high-frequency metering solutions. Its strong presence across key global markets reflects Sagemcom’s commitment to expanding its influence and sustaining its growth trajectory within the smart meter landscape.

Table of Contents

1 Introduction
1.1 Market Definition
1.2 Stakeholders
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Government Focus on Modernizing Grid Infrastructure
3.2.1.2 Greater Emphasis on Cutting Energy Bills by Monitoring Real-Time Consumption
3.2.1.3 Dynamic Electricity Pricing
3.2.1.4 High Adoption of Preventive Measures Against Grid Blackouts and Utility System Failures
3.2.1.5 Increased Need to Monitor Energy Consumption to Achieve Carbon Neutrality
3.2.2 Restraints
3.2.2.1 High Setup and Operational Costs, Coupled with Interoperability Issues
3.2.2.2 Concerns Related to Consumer Acceptance and ROI Delays
3.2.3 Opportunities
3.2.3.1 Pressing Need to Reduce Non-Revenue Water Losses
3.2.3.2 Focus of Governments Worldwide on Reducing Aggregate Technical and Commercial Losses in Power Grids
3.2.3.3 Integration of AI and ML Technologies into Smart Meters
3.2.3.4 Rising Adoption of Electric and Hybrid Vehicles
3.2.3.5 Increasing Focus of Developing Countries on Improving Water Distribution Networks
3.2.4 Challenges
3.2.4.1 Requirement for Highly Skilled Professionals, Coupled with Data Privacy and Security Concerns
3.2.4.2 Complexities in Building Reliable Connections Between Smart Meters and Smart Grid Devices
3.3 Trends/Disruptions Impacting Customer Business
3.4 Value Chain Analysis
3.5 Ecosystem Analysis
3.6 Technology Analysis
3.6.1 Key Technologies
3.6.1.1 Advanced Metering Infrastructure (Ami)
3.6.1.2 Virtual Time of Use (Vtou)
3.6.2 Complementary Technologies
3.6.2.1 Home Energy Management Systems (Hems)
3.6.3 Adjacent Technologies
3.6.3.1 Smart Grid
3.6.3.2 Cybersecurity Solutions for Smart Meters
3.7 Patent Analysis
3.8 Key Conferences and Events, 2025
3.9 Porter's Five Forces Analysis
3.9.1 Threat of Substitutes
3.9.2 Bargaining Power of Suppliers
3.9.3 Bargaining Power of Buyers
3.9.4 Threat of New Entrants
3.9.5 Intensity of Competitive Rivalry
3.10 Impact of Gen AI/AI on Smart Meter Market
3.10.1 Adoption of Gen AI/AI for Smart Meter Applications
3.10.2 Impact of Gen AI/AI on Smart Meter Supply Chain, by Region
4 Competitive Landscape
4.1 Overview
4.2 Key Player Strategies/Right to Win, 2020-2025
4.3 Market Share Analysis, 2023
4.4 Revenue Analysis, 2019-2023
4.5 Company Valuation and Financial Metrics, 2025
4.6 Product Comparison
4.7 Company Evaluation Matrix: Key Players, 2023
4.7.1 Stars
4.7.2 Emerging Leaders
4.7.3 Pervasive Players
4.7.4 Participants
4.7.5 Company Footprint: Key Players, 2023
4.7.5.1 Company Footprint
4.7.5.2 Region Footprint
4.7.5.3 Type Footprint
4.7.5.4 Technology Footprint
4.7.5.5 Component Footprint
4.7.5.6 End-user Footprint
4.8 Company Evaluation Matrix: Startups/SMEs, 2023
4.8.1 Progressive Companies
4.8.2 Responsive Companies
4.8.3 Dynamic Companies
4.8.4 Starting Blocks
4.8.5 Competitive Benchmarking: Startups/SMEs, 2023
4.8.5.1 Detailed List of Key Startups/SMEs
4.8.5.2 Competitive Benchmarking of Key Startups/SMEs
4.9 Competitive Scenario
4.9.1 Product Launches
4.9.2 Deals
4.9.3 Expansions
4.9.4 Other Developments
5 Company Profiles
5.1 Key Players
5.1.1 Landis+Gyr
5.1.1.1 Business Overview
5.1.1.2 Products/Services/Solutions Offered
5.1.1.3 Recent Developments
5.1.1.3.1 Product Launches
5.1.1.3.2 Deals
5.1.1.3.3 Other Developments
5.1.1.4 Analyst's View
5.1.1.4.1 Key Strengths/Right to Win
5.1.1.4.2 Strategic Choices
5.1.1.4.3 Weaknesses/Competitive Threats
5.1.2 Itron Inc.
5.1.2.1 Business Overview
5.1.2.2 Products/Services/Solutions Offered
5.1.2.3 Recent Developments
5.1.2.3.1 Product Launches
5.1.2.3.2 Deals
5.1.2.3.3 Other Developments
5.1.2.4 Analyst's View
5.1.2.4.1 Key Strengths/Right to Win
5.1.2.4.2 Strategic Choices
5.1.2.4.3 Weaknesses/Competitive Threats
5.1.3 Siemens
5.1.3.1 Business Overview
5.1.3.2 Products/Services/Solutions Offered
5.1.3.3 Recent Developments
5.1.3.3.1 Deals
5.1.3.4 Analyst's View
5.1.3.4.1 Key Strengths/Right to Win
5.1.3.4.2 Strategic Choices
5.1.3.4.3 Weaknesses/Competitive Threats
5.1.4 Osaki Electric Co. Ltd. (Edmi)
5.1.4.1 Business Overview
5.1.4.2 Products/Services/Solutions Offered
5.1.4.3 Recent Developments
5.1.4.3.1 Product Launches
5.1.4.3.2 Other Developments
5.1.4.4 Analyst's View
5.1.4.4.1 Key Strengths/Right to Win
5.1.4.4.2 Strategic Choices
5.1.4.4.3 Weaknesses/Competitive Threats
5.1.5 Sagemcom
5.1.5.1 Business Overview
5.1.5.2 Products/Services/Solutions Offered
5.1.5.3 Recent Developments
5.1.5.3.1 Product Launches
5.1.5.3.2 Deals
5.1.5.3.3 Other Developments
5.1.5.4 Analyst's View
5.1.5.4.1 Key Strengths/Right to Win
5.1.5.4.2 Strategic Choices
5.1.5.4.3 Weaknesses/Competitive Threats
5.1.6 Schneider Electric
5.1.6.1 Business Overview
5.1.6.2 Products/Services/Solutions Offered
5.1.6.3 Recent Developments
5.1.6.3.1 Deals
5.1.6.3.2 Other Developments
5.1.6.4 Analyst's View
5.1.6.4.1 Key Strengths/Right to Win
5.1.6.4.2 Strategic Choices
5.1.6.4.3 Weaknesses/Competitive Threats
5.1.7 Wasion Group
5.1.7.1 Business Overview
5.1.7.2 Products/Services/Solutions Offered
5.1.7.3 Recent Developments
5.1.7.3.1 Deals
5.1.7.4 Analyst's View
5.1.7.4.1 Key Strengths/Right to Win
5.1.7.4.2 Strategic Choices
5.1.7.4.3 Weaknesses/Competitive Threats
5.1.8 Badger Meter, Inc.
5.1.8.1 Business Overview
5.1.8.2 Products/Services/Solutions Offered
5.1.8.3 Recent Developments
5.1.8.3.1 Product Launches
5.1.8.3.2 Deals
5.1.9 Sensus (Xylem)
5.1.9.1 Business Overview
5.1.9.2 Products/Services/Solutions Offered
5.1.9.3 Recent Developments
5.1.9.3.1 Product Launches
5.1.9.3.2 Deals
5.1.9.3.3 Other Developments
5.1.10 Honeywell International Inc.
5.1.10.1 Business Overview
5.1.10.2 Products/Services/Solutions Offered
5.1.10.3 Recent Developments
5.1.10.3.1 Product Launches
5.1.11 Larsen & Toubro Limited
5.1.11.1 Business Overview
5.1.11.2 Products/Services/Solutions Offered
5.1.12 Kamstrup A/S
5.1.12.1 Business Overview
5.1.12.2 Products/Services/Solutions Offered
5.1.12.3 Recent Developments
5.1.12.3.1 Product Launches
5.1.12.3.2 Deals
5.1.12.3.3 Expansions
5.1.12.3.4 Other Developments
5.1.13 Genus
5.1.13.1 Business Overview
5.1.13.2 Products/Services/Solutions Offered
5.1.13.3 Recent Developments
5.1.13.3.1 Product Launches
5.1.13.3.2 Deals
5.1.13.3.3 Other Developments
5.1.14 Minsait
5.1.14.1 Business Overview
5.1.14.2 Products/Services/Solutions Offered
5.1.14.3 Recent Developments
5.1.14.3.1 Deals
5.1.15 Aclara
5.1.15.1 Business Overview
5.1.15.2 Products/Services/Solutions Offered
5.1.15.3 Recent Developments
5.1.15.3.1 Product Launches
5.1.15.3.2 Deals
5.1.15.3.3 Other Developments
5.2 Other Players
5.2.1 Jiangsu Linyang Electronics
5.2.2 Hexing Electrical Co. Ltd.
5.2.3 Networked Energy Services
5.2.4 Pietro Fiorentini S.P.A.
5.2.5 Secure Meters Ltd.
5.2.6 Wegot Utility Solutions Pvt Ltd.
5.2.7 Axioma Metering
5.2.8 Drizzlex, Inc.
5.2.9 Conservation Labs, Inc.
5.2.10 Bove Technology
6 Appendix
6.1 Research Methodology
6.1.1 Research Data
6.1.1.1 Secondary Data
6.1.1.2 Primary Data
6.1.2 Research Assumptions
6.1.3 Risk Analysis
6.2 Company Evaluation Matrix: Methodology
List of Tables
Table 1 Smart Meter Market Snapshot
Table 2 India's Water Treatment Projects Nearing Completion
Table 3 Role of Companies in Smart Meter Ecosystem
Table 4 List of Key Patents, 2021-2023
Table 5 List of Key Conferences and Events, 2025
Table 6 Porter's Five Forces Analysis
Table 7 Smart Meter Market: Overview of Strategies Adopted by Key Players, January 2020-January 2025
Table 8 Smart Meter Market: Degree of Competition, 2023
Table 9 Smart Market: Region Footprint
Table 10 Smart Meter Market: Type Footprint
Table 11 Smart Meter Market: Technology Footprint
Table 12 Smart Meter Market: Component Footprint
Table 13 Smart Meter Market: End-user Footprint
Table 14 Smart Meter Market: Detailed List of Key Startups/SMEs
Table 15 Smart Meter Market: Competitive Benchmarking of Key Startups/SMEs
Table 16 Smart Meter Market: Product Launches, January 2020-January 2025
Table 17 Smart Meter Market: Deals, January 2020-January 2025
Table 18 Smart Meter Market: Expansions, January 2020-January 2025
Table 19 Smart Meter Market: Other Developments, January 2020-January 2025
Table 20 Landis+Gyr: Company Overview
Table 21 Landis+Gyr: Products/Services/Solutions Offered
Table 22 Landis+Gyr: Product Launches
Table 23 Landis+Gyr: Deals
Table 24 Landis+Gyr: Other Developments
Table 25 Itron Inc.: Company Overview
Table 26 Itron Inc.: Products/Services/Solutions Offered
Table 27 Itron Inc.: Product Launches
Table 28 Itron Inc.: Deals
Table 29 Itron Inc.: Other Developments
Table 30 Siemens: Company Overview
Table 31 Siemens: Products/Services/Solutions Offered
Table 32 Siemens: Deals
Table 33 Osaki Electric Co. Ltd.: Company Overview
Table 34 Osaki Electric Co. Ltd.: Products/Services/Solutions Offered
Table 35 Osaki Electric Co. Ltd.: Product Launches
Table 36 Osaki Electric Co. Ltd.: Other Developments
Table 37 Sagemcom: Company Overview
Table 38 Sagemcom: Products/Services/Solutions Offered
Table 39 Sagemcom: Product Launches
Table 40 Sagemcom: Deals
Table 41 Sagemcom: Other Developments
Table 42 Schneider Electric: Company Overview
Table 43 Schneider Electric: Products/Services/Solutions Offered
Table 44 Schneider Electric: Deals
Table 45 Schneider Electric: Other Developments
Table 46 Wasion Group: Company Overview
Table 47 Wasion Group: Products/Services/Solutions Offered
Table 48 Wasion Group: Deals
Table 49 Badger Meter, Inc.: Company Overview
Table 50 Badger Meter, Inc.: Products/Services/Solutions Offered
Table 51 Badger Meter, Inc.: Product Launches
Table 52 Badger Meter, Inc.: Deals
Table 53 Sensus (Xylem): Company Overview
Table 54 Sensus (Xylem): Products/Services/Solutions Offered
Table 55 Sensus (Xylem): Product Launches
Table 56 Sensus (Xylem): Deals
Table 57 Sensus (Xylem): Other Developments
Table 58 Honeywell International Inc.: Company Overview
Table 59 Honeywell International Inc.: Products/Services/Solutions Offered
Table 60 Honeywell International Inc.: Product Launches
Table 61 Larsen & Toubro Limited: Company Overview
Table 62 Larsen & Toubro Limited: Products/Services/Solutions Offered
Table 63 Kamstrup A/S: Company Overview
Table 64 Kamstrup A/S: Products/Services/Solutions Offered
Table 65 Kamstrup A/S: Product Launches
Table 66 Kamstrup A/S: Deals
Table 67 Kamstrup A/S: Expansions
Table 68 Kamstrup A/S: Other Developments
Table 69 Genus: Company Overview
Table 70 Genus: Products/Services/Solutions Offered
Table 71 Genus: Product Launches
Table 72 Genus: Deals
Table 73 Genus: Other Developments
Table 74 Minsait: Company Overview
Table 75 Minsait: Products/Services/Solutions Offered
Table 76 Minsait: Deals
Table 77 Aclara: Company Overview
Table 78 Aclara: Products/Services/Solutions Offered
Table 79 Aclara: Product Launches
Table 80 Aclara: Deals
Table 81 Aclara: Other Developments
Table 82 Smart Meter Market: Risk Analysis
List of Figures
Figure 1 Advanced Metering Infrastructure (Ami) Segment to Hold Larger Share of Smart Meter Market in 2024
Figure 2 Electric Segment to Dominate Smart Meter Market During Forecast Period
Figure 3 Cellular Segment to Exhibit Highest CAGR in Smart Meter Market from 2024 to 2030
Figure 4 Hardware Segment to Hold Larger Market Share in 2030
Figure 5 Residential Segment to Capture Largest Share of Smart Meter Market in 2024
Figure 6 Asia-Pacific Accounted for Largest Share of Smart Meter Market in 2023
Figure 7 Smart Meter Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Investment in Digital Infrastructure of Transmission and Distribution Electricity Grids, 2015-2022
Figure 9 Rising Share of Digital Grid Infrastructure in Global Grid Investment, 2015-2022
Figure 10 Global Electric Vehicle Stocks, 2018-2023 (Million Units)
Figure 11 Trends/Disruptions Influencing Customer Business
Figure 12 Value Chain Analysis
Figure 13 Stakeholders in Smart Meter Ecosystem
Figure 14 Patents Applied and Granted, 2015-2024
Figure 15 Porter's Five Forces Analysis
Figure 16 Impact of Gen AI/AI on Smart Meter Supply Chain, by Region
Figure 17 Market Share Analysis of Companies Offering Smart Meters, 2023
Figure 18 Smart Meter Market: Revenue Analysis of Five Key Players, 2019-2023
Figure 19 Company Valuation, 2025
Figure 20 Financial Metrics (EV/Ebitda), 2025
Figure 21 Product Comparison
Figure 22 Smart Meter Market: Company Evaluation Matrix (Key Players), 2023
Figure 23 Smart Meter Market: Market Footprint
Figure 24 Smart Meter Market: Company Footprint
Figure 25 Smart Meter Market: Company Evaluation Matrix (Startups/SMEs), 2023
Figure 26 Landis+Gyr: Company Snapshot
Figure 27 Itron Inc.: Company Snapshot
Figure 28 Siemens: Company Snapshot
Figure 29 Schneider Electric: Company Snapshot
Figure 30 Wasion Group: Company Snapshot
Figure 31 Badger Meter, Inc.: Company Snapshot
Figure 32 Xylem: Company Snapshot
Figure 33 Honeywell International Inc.: Company Snapshot
Figure 34 Larsen & Toubro Limited: Company Snapshot
Figure 35 Genus: Company Snapshot
Figure 36 Smart Meter Market: Research Design

Companies Mentioned

  • Landis+Gyr
  • Itron Inc.
  • Siemens
  • Osaki Electric Co. Ltd. (Edmi)
  • Sagemcom
  • Schneider Electric
  • Wasion Group
  • Badger Meter, Inc.
  • Sensus (Xylem)
  • Honeywell International Inc.
  • Larsen & Toubro Limited
  • Kamstrup A/S
  • Genus
  • Minsait
  • Aclara
  • Jiangsu Linyang Electronics
  • Hexing Electrical Co. Ltd.
  • Networked Energy Services
  • Pietro Fiorentini S.P.A.
  • Secure Meters Ltd.
  • Wegot Utility Solutions Pvt Ltd.
  • Axioma Metering
  • Drizzlex, Inc.
  • Conservation Labs, Inc.
  • Bove Technology

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