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Australia Smart Meters Market Size, Share, Growth, Trends: By Product: Smart Gas Meter, Smart Electricity Meter, Smart Water Meter; By Technology: AMR (Automatic Meter Reading), AMI (Advanced Metering Infrastructure); By Application: Industrial, Residential, Commercial; Regional Analysis; Competitive Landscape; 2024-2032
Australia Smart Meters Market Outlook
The Australia smart meters market size is projected to grow at a CAGR of 12.43% between 2024 and 2032.
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.
Market Segmentation
Australia Smart Meters Market Report and Forecast 2024-2032 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 | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Technology |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Smart Meters Market Overview
8.1 Key Industry Highlights
8.2 Australia Smart Meters Historical Market (2018-2023)
8.3 Australia Smart Meters Market Forecast (2024-2032)
9 Australia Smart Meters Market by Product
9.1 Smart Gas Meter
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Smart Electricity Meter
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Smart Water Meter
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 Australia Smart Meters Market by Technology
10.1 AMR (Automatic Meter Reading)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 AMI (Advanced Metering Infrastructure)
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Smart Meters Market by Application
11.1 Industrial
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Residential
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Commercial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Australia Smart Meters Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Secure Meters Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 EDMI Ltd
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Shell plc (Powermetric Metering Pty Ltd)
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Intellihub Australia Pty Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Yurika Pty Ltd
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Smart Meters Market: Key Industry Highlights, 2018 and 2032
2. Australia Smart Meters Historical Market: Breakup by Product (USD Million), 2018-2023
3. Australia Smart Meters Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Australia Smart Meters Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Australia Smart Meters Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Australia Smart Meters Historical Market: Breakup by Application (USD Million), 2018-2023
7. Australia Smart Meters Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Australia Smart Meters Historical Market: Breakup by Region (USD Million), 2018-2023
9. Australia Smart Meters Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Australia Smart Meters Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 12.43% between 2024 and 2032.
The smart meters market is categorised according to products, which include smart gas meters, smart electricity meters 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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