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Market Size

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 Size

The Australia smart meters market 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.

 

Australia Smart Meters Market Report Snapshots

Australia Smart Meters Market Size

Australia Smart Meters Companies

 

*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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