Sale

Market Growth

Global Smart Electric Meter Market Size, Share, Forecast: By Type: Advanced Metering Infrastructure (AMI), Automatic Meter Reading (AMR); By Phase: Single Phase, Three Phase; By Communication Type: Power Line Communication, Radio Frequency, Cellular; By End Use: Residential, Others; Regional Analysis; Competitive Landscape; 2024-2032

Smart Electric Meter Market Growth

The essential driver increasing growth in the global smart electric market is growing in the smart grid market. To provide secure and efficient energy management on a regional level, utility providers are progressively focusing on the extensive deployment of smart grid systems. Growing focus on energy-efficient products and services, rising initiatives to solve energy need problems by smart electric meters by various governments, losses like fraud, costs, and theft involved in the manual collection are minimized with the use of the smart electric meter.

The smart electricity meter is an essential element of the smart grid system, which can offer bi-directional communication with data collection points, thus the smart grid market will directly affect the smart electric meter market. Increasing power consumption across residential establishments including apartments and multistorey buildings along with expanding commercial sector will drive the segment growth. Rapid expansion of distributed generation technology coupled with the advancement of microgrid networks will further spur the market growth trends.

 

Smart Electric Meter Market Report Snapshots

Smart Electric Meter Market Size

Smart Electric Meter Market Growth

Smart Electric Meter 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    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Smart Electric Meter Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Smart Electric Meter Historical Market (2018-2023) 
    8.3    Global Smart Electric Meter Market Forecast (2024-2032)
    8.4    Global Smart Electric Meter Market by Type
        8.4.1    Advanced Metering Infrastructure (AMI)
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Automatic Meter Reading (AMR)
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Smart Electric Meter Market by Phase
        8.5.1    Single Phase
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Three Phase
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Smart Electric Meter Market by Communication Type
        8.6.1    Power Line Communication
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Radio Frequency
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Cellular
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Smart Electric Meter Market by End Use
        8.7.1    Residential
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Commercial
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Industrial
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
    8.8    Global Smart Electric Meter Market by Region       
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032) 
9    North America Smart Electric Meter Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Smart Electric Meter Market  Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Smart Electric Meter Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Smart Electric Meter  Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Smart Electric Meter Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Aclara Technologies LLC
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Honeywell International, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Itron, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Kamstrup A/S
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Landis+Gyr AG
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Sagemcom Broadband SAS
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Schneider Electric SE
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    Wasion Holdings Limited
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Xylem, Inc.
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Smart Electric Meter Market: Key Industry Highlights, 2018 and 2032
2.    Global Smart Electric Meter Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Smart Electric Meter Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Smart Electric Meter Historical Market: Breakup by Phase (USD Billion), 2018-2023
5.    Global Smart Electric Meter Market Forecast: Breakup by Phase (USD Billion), 2024-2032
6.    Global Smart Electric Meter Historical Market: Breakup by Communication Type (USD Billion), 2018-2023
7.    Global Smart Electric Meter Market Forecast: Breakup by Communication Type (USD Billion), 2024-2032
8.    Global Smart Electric Meter Historical Market: Breakup by End Use (USD Billion), 2018-2023
9.    Global Smart Electric Meter Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10.    Global Smart Electric Meter Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Smart Electric Meter Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Smart Electric Meter Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Smart Electric Meter Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Smart Electric Meter Market Structure

Key Questions Answered in the Report

In 2023, the global smart electric meter market attained a value of nearly USD 6,202.6 million.

The market is projected to grow at a CAGR of 1.6% during 2022-2028.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6,878.5 million by 2032.   

The key market drivers are growing in the smart grid market and increasing power consumption across residential establishments including apartments and multistorey buildings along with expanding commercial sector.

The key market trends driving the market are growing focus on energy-efficient products and services, rising initiatives to solve energy need problems by smart electric meters by various governments.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.

The dominant type of smart electric meter in the market are automatic metering infrastructure (AMI) and automatic meter reading (AMR).

The phases of the product can be divided into single phase and three phases.

In terms of communication type, the market segments are power line communication, radio frequency, and cellular.

The leading end use sectors of smart electric meter are residential, commercial, and industrial.

The major players in the market are Aclara Technologies LLC, Honeywell International, Inc., Itron, Inc., Kamstrup A/S, Landis+Gyr AG, Sagemcom Broadband SAS, Schneider Electric SE, Wasion Holdings Limited, Xylem, Inc, among others.

Analyst Review

The global smart electric meter market attained a value of USD 6,202.6 million in 2023, driven by the growing in the smart grid market and increasing power consumption across residential establishments including apartments and multistorey buildings along with expanding commercial sector. Aided by the growing focus on energy-efficient products and services, rising initiatives to solve energy need problems by smart electric meters by various governments. The market is expected to witness growth at a CAGR 1.6% during 2024-2032 to reach a value of USD 6,878.5 million by 2032.   

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The phases of the product can be divided into single phase and three phases. Based on its types, the smart electric meter industry can be segmented into automatic metering infrastructure (AMI) and automatic meter reading (AMR). In terms of communication type, the industry segments are power line communication, radio frequency and cellular. The leading end use sectors of smart electric meter are residential, commercial, and industrial. The major regional markets for smart electric meter are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Aclara Technologies LLC, Honeywell International, Inc., Itron, Inc., Kamstrup A/S, Landis+Gyr AG, Sagemcom Broadband SAS, Schneider Electric SE, Wasion Holdings Limited, Xylem, Inc, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$ 2199     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3299     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4399     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5499     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER