Global Smart Meter (Electricity Meter, Gas Meter, Water Meter) Market 2027

Global Smart Meter Market is to reach approx. $20 Billion in the year 2021. It is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2027.

Featured Companies

  • 1. Honeywell International Inc.
  • 2. Schneider Electric
  • 3. Landis+Gyr
  • 4. Itron, Inc.
  • 5. Siemens AG
  • 6. Wasion Holdings Limited
  • 7. Badger Meter, Inc.
  • 8. Xylem Inc. (Sensus)
  • 9. Kamstrup A/S
  • More...

The smart meter is an Internet-based device that measures energy, water and gas consumption of buildings/homes/industries. The traditional meters only measure total consumption, whereas smart meters record when and how much of a resource is consumed. The smart meter acts as the network termination, an ingress router between the utility’s network and the building it is monitoring. It is an approach to managing energy distribution and consumption that uses Internet technologies to create bi-directional communication, coordination and control. Nowadays, utility companies are considering smart metering as an efficient method of tracking usage across their customer bases to better determine costs and infrastructure needs. Smart metering can give both utilities and their customers better ideas keep track of how much utility they're using so they can adjust their usage and help them determine new strategies to save money.

According to the report title “Global Smart Meter Market Outlook, 2027”, published by Actual Market Research, the Smart Meter market is to reach approx. $20 Billion in the year 2021. It is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2022 to 2027. Many countries’ governments taking a step forward and making smart meter mandates and providing incentives for the installation of the smart meters which drives robust growth in future. Most of the developed countries like the United States, Germany, the United Kingdom, Canada, and France are some of the major early adopters of smart meters.

The Asia Pacific region is home to 60% of the world’s total population – nearly 4.3 billion people and including the world’s most populous countries, China and India. It is contributed the highest market share approx. 38% shares of the global market. Country-wise China and Japan are the largest market and India has the fastest-growing countries in the region as well as globally. In August 2021, India's Ministry of Power has issued the timelines for the nationwide replacement of existing meters with smart meters by 2025.

For a different type of utility, it requires different mechanisms and measurements, like smart electric meter records information such as consumption of electric energy, voltage levels, current, and power factor. However, the smart water meter and smart gas meters not only measure and record the consumption but also measure infrastructure maintenance, remote location monitoring and automatic billing and leakages that can increase safety by detecting emergency situation and providing immediate alerts. Furthermore, the smart meter market is segmented into smart water meters, smart gas meters and smart electric meters, among them smart electric meters, contribute more than 55% in the global market and smart water meters are expected to highest growth during the forecast period. By end-user, the market is bifurcated as industrial, commercial and residential. The residential segment contributed the highest in the market with more than 80% and the commercial segment expected the highest market growth in future. Smart meters based on either Automated Meter Reading (AMR) or Advanced Metering Infrastructure (AMI) technology and among these AMI contributed more than 60% in the market and have robust growth in future.

Impact of Covid-19:
COVID-19 pandemic has slowed the growth of the smart meters due to the implement of lockdown in almost all the major countries and halted non-essential operations. This adversely affected the smart meters owing to less focus on development of end user’s industry. Apart from this, manufacturing and supply chain delays were also witnessed which poised a challenge to the smart meters.

Major Companies present in the market:
Schneider Electric SE, Landis+Gyr, Itron Inc., Siemens AG, Wasion Holdings Limited, Badger Meter, Inc., Xylem Inc. (Sensus), Honeywell International Limited (Smart Energy), Kamstrup A/S, Aclara Technologies LLC, Osaki Electric Co. (Edmi), Holley Technology Ltd , ZPA Smart Energy, Secure Meter Limited, Xemex, EDMI Limited, EMH Metering GmbH & Co. KG, NEPTUNE TECHNOLOGY GROUP INC., SHENZHEN KAIFA TECHNOLOGY CO., LTD., SUNTRONT TECH CO., LTD., AICHI TOKEI DENKI CO., LTD., Diehl Stiftung & Co. KG, Zenner International GmbH & Co. KG

Considered in this report
• Geography: Global
• Historic Year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Global Smart Meter market with its value and forecast along with its segments
• Region & country wise market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report
• North America – United States, Canada, Mexico
• Europe- Germany, United Kingdom, France, Italy, Spain, Russia
• Asia-Pacific – China, Japan, South Korea, India, Australia
• Latin America- Brazil, Argentina, Columbia
• Middle-East & Africa- UAE, Saudi Arabia, South Africa

By Type of Smart Meter in the report:
• Electricity Meter
• Gas Meter
• Water Meter

By End User of Solid-State Drive in the report:
• Residential
• Industrial
• Commercial

By Technology in the report:
• Automotive Meter Reading
• Advanced Metering infrastructure

By Component in the report:
• Hardware
• Software & Services

By Phase in the report:
• Single Phase
• Three Phase

By Communication Type in the report:
• Cellular Technology
• Radio Frequency
• Power Line communication
• Other Communication Types

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry manufactures, consultants, Key vendors related to Smart meter & Utility providers etc. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

What's Inside a Actual Market Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Kripa Shah

Senior Analyst

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Companies Mentioned

  • Honeywell International Inc.
  • Schneider Electric
  • Landis+Gyr
  • Itron, Inc.
  • Siemens AG
  • Wasion Holdings Limited
  • Badger Meter, Inc.
  • Xylem Inc. (Sensus)
  • Kamstrup A/S
  • Aclara Technologies LLC
  • Holley Technology Ltd
  • ZPA Smart Energy
  • Secure Meter Limited
  • Xemex
  • EDMI Limited
  • EMH Metering GmbH & Co. KG
  • Neptune Technology Group INC.
  • Shenzhen Kaifa Technology CO., LTD.
  • Suntront Tech CO., LTD.
  • Aichi Tokei Denki CO., LTD.
  • Diehl Stiftung & Co. KG
  • Zenner International GmbH & Co. KG

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Smart Meter Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Type
  • 5.2.5. By End User
  • 5.2.6. By Communication Type
  • 5.2.7. By Phase
  • 5.2.8. By Technology
  • 5.2.9. By Component
  • 6. North America Smart Meter Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Country
  • 6.2.2. By Type
  • 6.2.3. By End User
  • 6.2.4. By Technology
  • 6.3. US Smart Meter Market Outlook
  • 6.3.1. Market Size By Value
  • 6.3.2. Market Share
  • 6.4. Canada Smart Meter Market Outlook
  • 6.4.1. Market Size By Value
  • 6.4.2. Market Share
  • 6.5. Mexico Smart Meter Market Outlook
  • 6.5.1. Market Size By Value
  • 6.5.2. Market Share
  • 7. Europe Smart Meter Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share
  • 7.2.1. By Country
  • 7.2.2. By Type
  • 7.2.3. By End User
  • 7.2.4. By Technology
  • 7.3. Germany Smart Meter Market Outlook
  • 7.3.1. Market Size By Value
  • 7.3.2. Market Share
  • 7.4. UK Smart Meter Market Outlook
  • 7.4.1. Market Size By Value
  • 7.4.2. Market Share
  • 7.5. France Smart Meter Market Outlook
  • 7.5.1. Market Size By Value
  • 7.5.2. Market Share
  • 7.6. Italy Smart Meter Market Outlook
  • 7.6.1. Market Size By Value
  • 7.6.2. Market Share
  • 7.7. Spain Smart Meter Market Outlook
  • 7.7.1. Market Size By Value
  • 7.7.2. Market Share
  • 7.8. Russia Smart Meter Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Share
  • 8. Asia-Pacific Smart Meter Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share
  • 8.2.1. By Country
  • 8.2.2. By Type
  • 8.2.3. By End User
  • 8.2.4. By Technology
  • 8.3. China Smart Meter Market Outlook
  • 8.3.1. Market Size By Value
  • 8.3.2. Market Share
  • 8.4. Japan Smart Meter Market Outlook
  • 8.4.1. Market Size By Value
  • 8.4.2. Market Share
  • 8.5. India Smart Meter Market Outlook
  • 8.5.1. Market Size By Value
  • 8.5.2. Market Share
  • 8.6. Australia Smart Meter Market Outlook
  • 8.6.1. Market Size By Value
  • 8.6.2. Market Share
  • 8.7. South Korea Smart Meter Market Outlook
  • 8.7.1. Market Size By Value
  • 8.7.2. Market Share
  • 9. Latin America Smart Meter Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share
  • 9.2.1. By Country
  • 9.2.2. By Type
  • 9.2.3. By End User
  • 9.2.4. By Technology
  • 9.3. Brazil Smart Meter Market Outlook
  • 9.3.1. Market Size By Value
  • 9.3.2. Market Share
  • 9.4. Argentina Smart Meter Market Outlook
  • 9.4.1. Market Size By Value
  • 9.4.2. Market Share
  • 9.5. Columbia Smart Meter Market Outlook
  • 9.5.1. Market Size By Value
  • 9.5.2. Market Share
  • 10. Middle East & Africa Smart Meter Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share
  • 10.2.1. By Country
  • 10.2.2. By Type
  • 10.2.3. By End User
  • 10.2.4. By Technology
  • 10.3. UAE Smart Meter Market Outlook
  • 10.3.1. Market Size By Value
  • 10.3.2. Market Share
  • 10.4. Saudi Arabia Smart Meter Market Outlook
  • 10.4.1. Market Size By Value
  • 10.4.2. Market Share
  • 10.5. South Africa Smart Meter Market Outlook
  • 10.5.1. Market Size By Value
  • 10.5.2. Market Share
  • 11. Market Dynamics
  • 11.1. Key Drivers
  • 11.2. Key Challenges
  • 12. Market Trends and Developments
  • 12.1. XXXXXX
  • 12.2. XXXXXX
  • 12.3. XXXXXX
  • 13. Company Profiles
  • 13.1. Schneider Electric SE
  • 13.2. LANDIS+GYR
  • 13.3. Itron Inc.
  • 13.4. Siemens AG
  • 13.5. Wasion Holdings Limited
  • 13.6. Badger Meter, Inc.
  • 13.7. Xylem Inc. (Sensus)
  • 13.8. Honeywell International Limited (Smart Energy)
  • 13.9. Kamstrup A/S
  • 13.10. Aclara Technologies LLC
  • 13.11. Holley Technology Ltd
  • 13.12. ZPA Smart Energy
  • 13.13. Secure Meter Limited
  • 13.14. Xemex
  • 13.15. EDMI Limited
  • 13.16. EMH Metering GmbH & Co. KG
  • 13.17. NEPTUNE Technology Co., Ltd
  • 13.18. Shenzhen Kaifa Technology Co., Ltd
  • 13.19. Suntront Tech Co., Ltd
  • 13.20. Aichi Tokei Denki Co., Ltd
  • 13.21. Diehl Stiftung & Co., KG
  • 13.22. Zenner International GmbH & Co. KG
  • 14. Strategic Recommendations
  • 15. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Smart Meter Market Share By Region (2016, 2021&2027F)
Table 5: Global Smart Meter Market Share By Country
Table 6: Global Smart Meter Market Share By Company (2020)
Table 7: Global Smart Meter Market Share By End User 2016 to 2027F
Table 8: North America Smart Meter Market Share By Country (2016, 2021&2027F)
Table 9: North America Smart Meter Market Share By End User 2016 to 2027F
Table 10: US Smart Meter Market Share By End User 2016 to 2027F
Table 11: Canada Smart Meter Market Share By End User 2016 to 2027F
Table 12: Mexico Smart Meter Market Share By End User 2016 to 2027F
Table 13:Europe Smart Meter Market Share By Country (2016, 2021&2027F)
Table 14: Europe Smart Meter Market Share By End User 2016 to 2027F
Table 15: Germany Smart Meter Market Share By End User 2016 to 2027F
Table 16: UK Smart Meter Market Share By End User 2016 to 2027F
Table 17: France Smart Meter Market Share By End User 2016 to 2027F
Table 18: Italy Smart Meter Market Share By End User 2016 to 2027F
Table 19: Spain Smart Meter Market Share By End User 2016 to 2027F
Table 20: Russia Smart Meter Market Share By End User 2016 to 2027F
Table 21: Asia-Pacific Smart Meter Market Share By Country (2016, 2021&2027F)
Table 22: Asia Pacific Smart Meter Market Share By End User 2016 to 2027F
Table 23: China Smart Meter Market Share By End User 2016 to 2027F
Table 24: Japan Smart Meter Market Share By End User 2016 to 2027F
Table 25: India Smart Meter Market Share By End User 2016 to 2027F
Table 26: Australia Smart Meter Market Share By End User 2016 to 2027F
Table 27: South Korea Smart Meter Market Share By End User 2016 to 2027F
Table 28: Latin America Smart Meter Market Share By Country (2016, 2021&2027F)
Table 29: Latin America Smart Meter Market Share By End User 2016 to 2027F
Table 30: Brazil Smart Meter Market Share By End User 2016 to 2027F
Table 31: Argentina Smart Meter Market Share By End User 2016 to 2027F
Table 32: Columbia Smart Meter Market Share By End User 2016 to 2027F
Table 33: Middle East & Africa Smart Meter Market Share By Country (2016, 2021&2027F)
Table 34: Middle East & Africa Smart Meter Market Share By End User 2016 to 2027F
Table 35: UAE Smart Meter Market Share By End User 2016 to 2027F
Table 36: Saudi Arebia Smart Meter Market Share By End User 2016 to 2027F
Table 37: South Africa Smart Meter Market Share By End User 2016 to 2027F
Table 38: Key Facts of Schneider Electric SE
Table 39: Key Facts of LANDIS+GYR
Table 40: Key Facts of Itron Inc.
Table 41: Key Facts of Siemens AG
Table 42: Key Facts of Wasion Holdings Limited
Table 43: Key Facts of Badger Meter, Inc.
Table 44: Key Facts of Xylem Inc. (Sensus)
Table 45: Key Facts of Honeywell International Limited (Smart Energy)
Table 46: Key Facts of Kamstrup A/S
Table 47: Key Facts of Aclara Technologies LLC
Table 48: Key Facts of Holley Technology Ltd
Table 49: Key Facts of ZPA Smart Energy
Table 50: Key Facts of Secure Meter Limited
Table 51: Key Facts of Xemex
Table 52: Key Facts of EDMI Limited
Table 53: Key Facts of EMH Metering GmbH & Co. KG
Table 54: Key Facts of NEPTUNE Technology Co., Ltd
Table 55: Key Facts of Shenzhen Kaifa Technology Co., Ltd
Table 56: Key Facts of Suntront tech Co., Ltd
Table 57: Key Facts of Aichi Tokei Denki Co., Ltd
Table 58: Key Facts of Diehl Stiftung & Co., KG
Table 59: Key Facts of Zenner International GmbH & Co. KG

List of Figures
Figure 1: Global Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 2: Global Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 3: Global Smart Meter Market Share By Communication Type (2016, 2021&2027F)
Figure 4: Global Smart Meter Market Share By Phase (2016, 2021&2027F)
Figure 5: Global Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 6: Global Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 7: North America Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 8: North America Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 9: North America Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 10: US Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 11: US Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 12: US Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 13: Canada Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 14: Canada Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 15: Canada Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 16: Mexico Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 17: Mexico Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 18: Mexico Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 19: Europe Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 20: Europe Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 21: Europe Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 22: Germany Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 23: Germany Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 24: Germany Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 25: UK Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 26: UK Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 27: UK Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 28: France Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 29: France Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 30: France Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 31: Italy Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 32: Italy Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 33: Italy Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 34: Spain Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 35: Spain Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 36: Spain Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 37: Russia Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 38: Russia Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 39: Russia Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 40: Asia-Pacific Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 41: Asia-Pacific Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 42: Asia-Pacific Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 43: China Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 44: China Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 45: China Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 46: Japan Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 47: Japan Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 48: Japan Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 49: India Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 50: India Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 51: India Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 52: Australia Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 53: Australia Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 54: Australia Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 55: South Korea Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 56: South Korea Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 57: South Korea Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 58: Latin America Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 59: Latin America Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 60: Latin America Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 61: Brazil Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 62: Brazil Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 63: Brazil Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 64: Argentina Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 65: Argentina Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 66: Argentina Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 67: Columbia Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 68: Columbia Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 69: Columbia Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 70: Middle East & Africa Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 71: Middle East & Africa Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 72: Middle East & Africa Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 73: UAE Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 74: UAE Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 75: UAE Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 76: Saudi Arabia Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 77: Saudi Arabia Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 78: Saudi Arebia Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 79: South Africa Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
Figure 80: South Africa Smart Meter Market Share By Type (2016, 2021&2027F)
Figure 81: South Africa Smart Meter Market Share By Technology (2016, 2021&2027F)
Figure 82: Market Attractiveness Index, 2021
Figure 83: Market Attractiveness Index, 2027F
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Global Smart Meter (Electricity Meter, Gas Meter, Water Meter) Market 2027

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