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  • Smart Meter Market Forecasts & Analysis
  • Market Opportunities
  • Latest Trends & Dynamics
  • Key Industry Analysis
  • Competitive Benchmarking

Catch a glimpse of the ever-evolving technology industry from the lens of an electronic manufacturer.


Industry OverviewThe global smart meter market is projected to reach US$ 27.4 billion by 2025, at a CAGR of 7.06% during the period 2020 – 2025. The growth of the global smart meter market can be attributed to installations of smart meters for utility  operations and reducing carbon emission.
Report CoverageThe report provides an in-depth coverage of the market dynamics such as market drivers, challenges, and opportunities. The report provides the value chain analysis for the market. Global and US market forecast have been provided along with the competitive landscape existing in the market.
Competitive LandscapeThe global smart meter market is consolidated. The key players utilize product differentiation, innovation, geographical expansion, collaborations, mergers and acquisitions, and diversification to capture the market and step up the ladder. The competitive rivalry is medium in the smart meter market.

The key players in the market include Itron, Sensus, Badger Meter, Neptune Technology, Badger Meter, Kamstrup, Master Meter, Inovonics, Aclara, Larsen & Toubro, Wasion Group, Siemens, Schneider Electric, and Landis+Gyr.


Market Definition
Market Segmentation
Research Methodology
Market Drivers
Market Restraints / Challenges
Market Opportunities
Global and US Smart Meter Market (in US$ Billion, 20162025)
Value Chain Analysis
Competitive Landscape



Smart Meter Market Segmentation by Product Type
Smart Meter Market Segmentation by Technology
Automatic Meter Reading (AMR)
Advanced Metering Infrastructure (AMI)
Smart Meter Market Segmentation by End-user
Smart Meter Market Segmentation by Region
North America
Asia Pacific
Middle East & Africa
South America

Smart Meter Market Infographic


A smart electricity meter consist of devices that records information of usage of electrical energy, gas, water, current, and other parameters. These smart electricity metering also communicate the information to the customer for greater clarity of consumption behavior, and utility suppliers for system monitoring and customer billing. The global smart electrical meters market is highly fragmented and dominated by small and medium-sized manufacturers. The supplier landscape covers manufacturers who offer a wide range of solutions. The global smart metering market is segmented into technology, product type, end-use, and region. By end use, it is classified into residential, industrial, and commercial. By product type, the market is segmented into electric meter, gas meter, and water meter. By technology, the market is segmented into is automatic meter reading (AMR), and advanced metering infrastructure (AMI).

By Product, which segment holds a dominant position throughout the forecast period?

1. Automatic Meter Reading (AMR): Automatic meter reading is the technology of automatically collecting the energy, gas or water usage data from a smart meter and sending it to  the centralized data system. This is one way communication from metering devices to utilities data systems. This system fetches hourly, monthly, yearly data in real time that helps customers to analyze consumption and act in a more planned way

2. Advanced Metering Infrastructure (AMI): Advanced Metering Infrastructure is two way communication metering technology with integrated data management system, communication technology, data concentrators, and other sensors. This technology enables gathering and sharing of gas or energy in real time

At what compound annual growth rate (CAGR) is the global smart electric meter market projected to grow?

The global market is analyzed to grow a steady rate from $19.5 billion in 2020 to $27.4 billion in 2025 at a CAGR of 7.06%. Rising prominence of smart meter products can be attributed to installations of smart meters for efficient utility operations and reducing carbon emission. The increasing deployment of smart meters for residential application in order to increase operational efficiency, remote monitoring, and control. Moreover, the companies are focusing on integration of various technologies with smart meters such as artificial intelligence, built-in high flow alarm, shutoff valve, and hardware and sensor management. Further, anticipated to increase deployment of the smart meter during the forecast period.

North America holds the largest share in the global market owing to the presence of the major manufacturers in the region. The growth for the market in North America is due to the government mandated smart meter roll out plans and support policies in the region. Moreover, technological advances and the integration of intelligent features will boost the demand of products during the forecast period.

Who are the leading players in Smart Meter Market?

The major players in the market are Itron, Sensus, Badger Meter, Neptune Technology, Badger Meter, Kamstrup, Master Meter, Inovonics, Aclara, Larsen & Toubro, Wasion Group, Siemens, Schneider Electric, Landis+Gyr, and among others.