The Australia smart meters market was valued at USD 0.49 Billion in 2025. The industry is expected to grow at a CAGR of 6.35% during the forecast period of 2026-2035 to attain a valuation of USD 0.91 Billion by 2035.
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Historical Period
Forecast Period
As per the Department of Climate Change, Energy, the Environment, and Water, Australia saw a 2% rise in total electricity production to 272 TWh (978 PJ) in 2021-22. This increase was fuelled by varying weather conditions, boosting smart meter utilisation.
According to the International Trade Administration, Australia's population stands at 26 million, with 94% having access to a central water supply. The Australia smart meters market development is supported by around 300 urban water utilities.
According to data from the Australian Bureau of Statistics, the value of new residential buildings experienced a 19.4% surge, amounting to $7.14 billion, which has contributed to the increased adoption of gas meters.
Compound Annual Growth Rate
6.35%
Value in USD Billion
2026-2035
*this image is indicative*
Based on product, the Australia smart meters market share is led by smart electricity meter since it enable consumers to monitor their energy usage in real time, aiding them in making informed choices to lower consumption and save on energy expenses
Smart electricity meters facilitate real-time energy monitoring, aiding in reducing consumption. They support peak load management, integrate renewable energy, improve grid stability, enable time-of-use tariffs, and enhance customer service.
Smart gas meters provide accurate, real-time data on gas usage, leading to efficient operations, remote leak monitoring, precise billing, informed energy choices, and reduced carbon emissions.
In 2023, The Australian Renewable Energy Agency (ARENA) granted funding to Intellihub for a virtual power plant (VPP) initiative. This project aims to utilize a network of 2 million smart meters and interact with over 140,000 customer energy resources for optimized load control.
"Australia Smart Meters Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Technology
Market Breakup by Application
Market Breakup by Region
The Australia smart meters market key players are:
Europe Smart Water Meter Market
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 6.35% between 2026 and 2035.
The smart meters market is categorised according to products, including smart gas, smart electricity, and smart water meters.
The key players are Secure Meters Ltd, EDMI Ltd, Shell plc (Powermetric Metering Pty Ltd), Intellihub Australia Pty Ltd and Yurika Pty Ltd among others.
Based on the smart meter applications, the market is divided into industrial, residential, and commercial.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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