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The Australia smart meters market attained a value of USD 0.49 Billion in 2025 and is projected to expand at a CAGR of 6.35% through 2035. The market is further expected to achieve USD 0.91 Billion by 2035. Surging integration of electric vehicles is pushing utilities to adopt smart meters enabling dynamic load management, time-of-use optimization, and network congestion forecasting across residential and commercial charging infrastructure deployments.
State-led mandates continue to support universal smart meter adoption, while retailers are using interval data to design flexible tariffs. At the same time, growing commercial energy management adoption is increasing demand for meters compatible with building management systems. Such factors are expanding use cases beyond billing, driving the Australia smart meters market growth. They are positioning smart meters as operational tools rather than compliance devices, creating sustained demand for advanced metering platforms and value-added services across Australia.
Companies are focusing on how advanced metering infrastructure has now become a foundation layer for demand response, dynamic pricing, and distributed energy coordination. In April 2023, Landis+Gyr advanced its Australian smart metering portfolio by expanding deployments of its Gridstream AMI platform across eastern states utilities, targeting higher data granularity and outage responsiveness. The rollout aligns with the country’s transition toward real-time grid visibility. According to the Australia smart meters market analysis, only around 30% of NEM (National Electricity Market) connected customers are using smart meters, which indicates ample opportunities for companies. Vendors can focus on analytics-ready meters, secure communication modules, and software upgrades.
The market is also shaped by software-defined functionality and interoperability. Utilities are prioritizing meters that support remote firmware updates, voltage monitoring, and bi-directional energy flow tracking. For example, in September 2025, EDMI announced the connection of 5 million smart meters to its Storm Cloud Intelligence platform across the Australia and New Zealand (ANZ) region. Manufacturers are thus aligning designs with evolving metrology standards and cyber resilience expectations, propelling growth in the Australia smart meters market. Product roadmaps now emphasize edge computing capability and longer device lifecycles. These features help utilities reduce truck rolls and manage assets more efficiently.
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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.
Prominent Australia smart meters market players are focusing less on volume hardware sales and more on long-term service contracts. Utilities are demanding meters with remote upgrade capability, cyber-secure communication, and DER compatibility. This creates opportunities around analytics platforms, meter asset management, and integration services.
Australia smart meter companies are also targeting retailer-led deployments tied to flexible tariffs and EV charging optimization. Commercial metering is emerging as a parallel opportunity, especially for multi-site users. Competitive advantage now comes from execution reliability and interoperability rather than price. Firms investing in cloud-native data platforms and utility partnerships are winning repeat contracts. The market favors suppliers that can support evolving regulatory frameworks while extending meter value across billing, grid monitoring, and energy optimization use cases.
Secure Meters Ltd.
Founded in 1987 and headquartered in Udaipur, India, Secure Meters supplies smart electricity and water meters to Australian utilities. The company focuses on durable metering hardware with advanced communication modules. In Australia, Secure Meters targets large-scale deployments through distributor partnerships. Its products emphasize long lifecycle performance and secure data transmission.
EDMI Ltd
Established in 1978 and headquartered in Singapore, EDMI Ltd is a key smart metering supplier in Australia. The company delivers electricity and gas meters integrated with AMI platforms. EDMI works closely with distribution networks and retailers. Its focus is on interoperability and grid compliance. The firm supports utilities with deployment and lifecycle services.
Shell plc (Powermetric Metering Pty Ltd)
Shell plc, founded in 1897 and headquartered in London, United Kingdom, operates in Australia through Powermetric Metering Pty Ltd. The company focuses on metering services for commercial and industrial users. Powermetric delivers advanced electricity metering and data services to support energy optimization and reporting.
Intellihub Australia Pty Ltd
Founded in 2018 and headquartered in Sydney, Australia, Intellihub Australia operates as a metering services provider rather than a manufacturer. The company owns and manages smart meter fleets. It partners with retailers to deploy and maintain meters. Intellihub focuses on data services and asset management. The firm benefits from Australia’s competitive metering framework.
Other key players in the market include Yurika Pty Ltd, among others.
*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 in the market include 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.
In 2025, the market reached an approximate value of USD 0.49 Billion.
Companies face challenges from regulatory variation, cybersecurity compliance costs, integration complexity, pricing pressure from mature markets, and the need to continuously upgrade software without disrupting existing utility operations.
Stakeholders are strengthening utility partnerships, expanding data analytics capabilities, upgrading cybersecurity features, targeting commercial deployments, and bundling hardware with long-term services to sustain relevance in competitive procurement cycles.
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