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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Australia Smart Meters Market Outlook 

The Australia smart meters market size is projected to grow at a CAGR of 12.43% between 2025 and 2034.

Key Takeaways

  • 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.

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

Market Segmentation

Australia Smart Meters Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

  • Smart Gas Meter
  • Smart Electricity Meter
  • Smart Water Meter

Market Breakup by Technology

  • AMR (Automatic Meter Reading)
  • AMI (Advanced Metering Infrastructure)

Market Breakup by Application

  • Industrial
  • Residential
  • Commercial

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

The Australia smart meters market key players are Secure Meters Ltd, EDMI Ltd, Shell plc (Powermetric Metering Pty Ltd), Intellihub Australia Pty Ltd and Yurika Pty Ltd among others. 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Technology
  • Application
  • Region
Breakup by Product
  • Smart Gas Meter
  • Smart Electricity Meter
  • Smart Water Meter
Breakup by Technology
  • AMR (Automatic Meter Reading)
  • AMI (Advanced Metering Infrastructure)
Breakup by Application
  • Industrial
  • Residential
  • Commercial
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Secure Meters Ltd.
  • EDMI Ltd
  • Shell plc (Powermetric Metering Pty Ltd)
  • Intellihub Australia Pty Ltd
  • Yurika Pty Ltd
  • Others

Australia Smart Meters Market Report Snapshots

Australia Smart Meters Market Size

Australia Smart Meters Companies

*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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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 12.43% between 2025 and 2034.

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.

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