スマートメーター市場レポート：製品、技術、最終用途、地域別、2024-2032

世界のスマートメーター市場規模は2023年に248億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて7.62%の成長率（CAGR）を示し、2032年までに486億米ドルに達すると予測しています。エネルギー効率重視の高まり、老朽化インフラの近代化投資の増加、スマートメーターの採用を促進する規制支援の増加は、市場を推進する主な要因の一部です。

スマートメーターは、光熱消費量の測定・管理方法に革命をもたらしているデジタル機器です。従来のアナログ・メーターに代わるこの革新的なツールは、電気、ガス、水道の使用量をリアルタイムで監視することができます。電力会社の担当者による手作業での検針が必要な従来のメーターとは異なり、スマートメーターは自動的に消費データを電力会社に送信します。この自動化により、より正確な請求が可能になり、使用料金の見積もりも不要になります。さらに、消費パターンに関する詳細な洞察が得られるため、消費者は使用量をより効果的に管理できるようになります。スマートメーターはまた、故障検出を迅速化し、停電時の迅速なサービス復旧を可能にします。スマートメーターは、配電を最適化し、無駄を省き、持続可能性を向上させるシステムであるスマートグリッドのバックボーンとして機能します。その結果、スマートメーターはユーティリティ管理を近代化し、消費者体験を向上させる上で絶大な支持を得ています。

消費者の意識の高まりと透明性への要求は、予測期間中のスマートメーター市場の成長を刺激すると思われます。人々が消費パターンをより意識するようになるにつれ、リアルタイムの洞察を提供できるツールに対する需要が高まっています。スマートメーターはこのニーズを満たし、公共料金の使用状況の詳細な分析を消費者のスマートフォンやコンピューターに直接提供することで、製品需要を促進しています。さらに、モノのインターネット（IoT）技術をスマートメーターに統合する動きが活発化しています。IoT機能により、スマートメーターは家庭や商業スペースにある他のスマートデバイスとシームレスに相互作用できるようになり、よりスマートな都市やコミュニティの発展に貢献しています。さらに、グリッド技術の進歩により、集中型エネルギー配給システムから、より地域化されたグリッド接続セットアップへの移行が促進され、正確なリアルタイム監視のためのスマートメーターの配備が必要となっています。この移行は、エネルギー・システムの回復力と持続可能性の両方を強化します。さらに、電力会社の不正行為の脅威が高まっていることも、成長を促す大きな要因となっています。スマートメーターには高度なセキュリティ機能が搭載されており、電力会社が不正使用や改ざんを検知・防止するのに役立っています。このほか、メーカー間の競争激化により、スマートメーターの技術革新とコスト削減が進み、より幅広い消費者層がスマートメーターにアクセスしやすくなっていることも、市場の成長を後押ししています。

スマートメーター市場の動向と促進要因：

エネルギー効率重視の台頭：

世界のスマートメーター市場の成長を促進する主な要因の一つは、エネルギー効率重視の高まりです。従来の計測システムでは、エネルギー消費に関する詳細な洞察を提供する機能が欠けていることが多く、無駄や非効率の領域を特定することが困難になっています。スマートメーターは、光熱費使用に関するリアルタイムのデータを提供することで、この問題を解決しています。この透明性により、消費者と電力会社の双方がデータ主導の意思決定を行うことができ、エネルギー利用の最適化につながります。世界中の政府や組織は、コスト削減や持続可能性への取り組みの重要な要素として、エネルギー効率の高い運用の価値をますます認識するようになっています。その結果、エネルギー効率目標を達成するための重要なツールとして、スマートメーターの採用を促進するイニシアチブや政策が制定されつつあります。

公益事業インフラの近代化：

世界中のユーティリティ・インフラは老朽化し、人口増加や進化する技術環境の需要を満たすことができなくなっています。近代化の必要性も、スマートメーターへの投資を刺激する重要な市場促進要因です。これらの高度な機器は、検針や故障特定に必要な手作業を減らし、業務効率を向上させる。また、請求の精度も向上するため、電力会社の収益漏れを最小限に抑えることができます。スマートメーターの統合によるインフラの近代化は、持続可能な公益事業経営のための長期的ソリューションと見なされ、政府機関と民間企業の双方にとって最優先事項となっています。

規制の強化とインセンティブ

政府の規制とインセンティブは、スマートメーター市場を前進させる大きな力となっています。多くの国がスマートメーターの設置を義務付けるか奨励する法律を採択しており、多くの場合、本格的な導入の期限を設定しています。これらの政策はまた、補助金や税制優遇などの財政的インセンティブを伴って、普及率を促進することもあります。規制当局の取り組みは、最適なパフォーマンスを実現するために電力会社管理を標準化することと、エネルギー効率の高い慣行を奨励することで環境の持続可能性を促進することという、二重の目的を担っています。強力な規制支援の存在は、先進国市場でも新興国市場でも、スマートメーターの普及を大幅に加速させる。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 スマートメーターの世界市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：製品別

• スマート電力メーター
  • 市場動向
  • 市場予測
• スマート水道メーター
  • 市場動向
  • 市場予測
• スマートガスメーター
  • 市場動向
  • 市場予測

第7章 市場内訳：技術別

• AMI（高度計測インフラ）
  • 市場動向
  • 市場予測
• AMR（自動検針）
  • 市場動向
  • 市場予測

第8章 市場内訳：最終用途別

• 住宅
  • 市場動向
  • 市場予測
• 商業
  • 市場動向
  • 市場予測
• 産業
  • 市場動向
  • 市場予測

第9章 市場内訳：地域別

• 北米
  • 米国
    • 市場動向
    • 市場予測
  • カナダ
    • 市場動向
    • 市場予測
• アジア太平洋
  • 中国
    • 市場動向
    • 市場予測
  • 日本
    • 市場動向
    • 市場予測
  • インド
    • 市場動向
    • 市場予測
  • 韓国
    • 市場動向
    • 市場予測
  • オーストラリア
    • 市場動向
    • 市場予測
  • インドネシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 欧州
  • ドイツ
    • 市場動向
    • 市場予測
  • フランス
    • 市場動向
    • 市場予測
  • 英国
    • 市場動向
    • 市場予測
  • イタリア
    • 市場動向
    • 市場予測
  • スペイン
    • 市場動向
    • 市場予測
  • ロシア
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• ラテンアメリカ
  • ブラジル
    • 市場動向
    • 市場予測
  • メキシコ
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測
• 中東・アフリカ地域
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第10章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第13章 価格分析

第14章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Aichi Tokei Denki Co. Ltd.
  • Apator SA
  • Arad Group
  • Badger Meter Inc.
  • Diehl Stiftung & Co. KG
  • Holley Technology Ltd.
  • Itron Inc.
  • Landis+Gyr
  • Neptune Technology Group Inc.（Roper Technologies Inc.）
  • Schneider Electric SE
  • Sensus USA Inc.（Xylem Inc.）
  • Shenzhen Kaifa Technology Co. Ltd.
  • Zenner International GmbH & Co. KG

List of Figures

• Figure 1: Global: Smart Meters Market: Major Drivers and Challenges
• Figure 2: Global: Smart Meters Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Smart Meters Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: Smart Meters Market: Breakup by Product (in %), 2023
• Figure 5: Global: Smart Meters Market: Breakup by Technology (in %), 2023
• Figure 6: Global: Smart Meters Market: Breakup by End Use (in %), 2023
• Figure 7: Global: Smart Meters Market: Breakup by Region (in %), 2023
• Figure 8: Global: Smart Meters (Smart Electricity Meter) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 9: Global: Smart Meters (Smart Electricity Meter) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 10: Global: Smart Meters (Smart Water Meter) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 11: Global: Smart Meters (Smart Water Meter) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 12: Global: Smart Meters (Smart Gas Meter) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 13: Global: Smart Meters (Smart Gas Meter) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 14: Global: Smart Meters (AMI (Advanced Metering Infrastructure)) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 15: Global: Smart Meters (AMI (Advanced Metering Infrastructure)) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 16: Global: Smart Meters (AMR (Automatic Meter Reading)) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 17: Global: Smart Meters (AMR (Automatic Meter Reading)) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 18: Global: Smart Meters (Residential) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 19: Global: Smart Meters (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 20: Global: Smart Meters (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 21: Global: Smart Meters (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 22: Global: Smart Meters (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 23: Global: Smart Meters (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 24: North America: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 25: North America: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 26: United States: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 27: United States: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 28: Canada: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 29: Canada: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 30: Asia-Pacific: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 31: Asia-Pacific: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 32: China: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 33: China: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 34: Japan: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 35: Japan: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 36: India: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 37: India: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 38: South Korea: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 39: South Korea: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 40: Australia: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 41: Australia: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 42: Indonesia: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 43: Indonesia: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 44: Others: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 45: Others: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 46: Europe: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 47: Europe: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 48: Germany: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 49: Germany: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 50: France: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 51: France: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 52: United Kingdom: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 53: United Kingdom: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 54: Italy: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 55: Italy: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 56: Spain: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 57: Spain: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 58: Russia: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 59: Russia: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 60: Others: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 61: Others: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 62: Latin America: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 63: Latin America: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 64: Brazil: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 65: Brazil: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 66: Mexico: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 67: Mexico: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 68: Others: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 69: Others: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 70: Middle East and Africa: Smart Meters Market: Sales Value (in Million US$), 2018 & 2023
• Figure 71: Middle East and Africa: Smart Meters Market: Breakup by Country (in %), 2023
• Figure 72: Middle East and Africa: Smart Meters Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 73: Global: Smart Meters Industry: SWOT Analysis
• Figure 74: Global: Smart Meters Industry: Value Chain Analysis
• Figure 75: Global: Smart Meters Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Smart Meters Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Smart Meters Market Forecast: Breakup by Product (in Million US$), 2024-2032
• Table 3: Global: Smart Meters Market Forecast: Breakup by Technology (in Million US$), 2024-2032
• Table 4: Global: Smart Meters Market Forecast: Breakup by End Use (in Million US$), 2024-2032
• Table 5: Global: Smart Meters Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 6: Global: Smart Meters Market: Competitive Structure
• Table 7: Global: Smart Meters Market: Key Players

The global smart meters market size reached US$ 24.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 48.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.62% during 2024-2032. The growing emphasis on energy efficiency, rising investments in the modernization of aging infrastructure, and increasing regulatory support promoting the adoption of smart meters are some of the major factors propelling the market.

Smart meters are digital devices that are currently revolutionizing the way utility consumption is measured and managed. Replacing traditional analog meters, these innovative tools offer real-time monitoring of electricity, gas, and water usage. Unlike conventional meters, which necessitate manual reading by utility personnel, smart meters automatically send consumption data to the utility company. This automation enables more accurate billing and eliminates the need for estimated usage charges. Moreover, they provide detailed insights into consumption patterns, empowering consumers to manage their usage more effectively. Smart meters also expedite fault detection, allowing quicker service restoration during outages. They serve as the backbone for smart grids, systems that optimize electricity distribution, reducing waste and improving sustainability. As a result, smart meters are gaining immense traction in modernizing utility management and enhancing consumer experience.

The heightened consumer awareness and demand for transparency will stimulate the growth of the smart meters market during the forecast period. As people become more conscious of their consumption patterns, the demand for tools that can provide real-time insights is growing. Smart meters fulfill this need, offering detailed analyses of utility usage directly to consumers' smartphones or computers, thereby fueling product demand. Additionally, the integration of Internet of Things (IoT) technology with smart meters is gaining traction. IoT capabilities allow smart meters to interact seamlessly with other smart devices in homes and commercial spaces, contributing to the development of smarter cities and communities. Moreover, advancements in grid technology are facilitating the transition from centralized energy distribution systems to more localized, grid-connected setups, necessitating the deployment of smart meters for accurate, real-time monitoring. This shift enhances both the resilience and sustainability of energy systems. Furthermore, the increasing threat of utility fraud is another major growth-inducing factor. Smart meters come with advanced security features, helping utility companies to detect and prevent unauthorized usage or tampering. Besides this, the rising competition among manufacturers is resulting in technological innovations and reductions in the cost of smart meters, making them more accessible to a broader consumer base, thus supporting market growth.

Smart Meters Market Trends/Drivers:

Rise in Emphasis on Energy Efficiency:

One of the key factors driving the growth of the global smart meters market is the increasing emphasis on energy efficiency. Traditional metering systems often lack the capability to provide detailed insights into energy consumption, making it challenging to identify areas of wastage or inefficiency. Smart meters resolve this issue by offering real-time data on utility usage. This transparency empowers both consumers and utility companies to make data-driven decisions, leading to optimized energy utilization. Governments and organizations across the globe are increasingly recognizing the value of energy-efficient operations owing to cost savings and as a crucial component of sustainability efforts. Consequently, initiatives and policies are being enacted to promote the adoption of smart meters as a vital tool in achieving energy efficiency goals.

Modernization of Utility Infrastructure:

Aging utility infrastructures around the world are unable to meet the demands of growing populations and evolving technological landscapes. The need for modernization is another crucial market driver, stimulating investment in smart meters. These advanced devices enhance operational efficiency, reducing the manual labor required for meter reading and fault identification. They also improve accuracy in billing, thereby minimizing revenue leakage for utility companies. Modernizing infrastructure through the integration of smart meters is seen as a long-term solution for sustainable utility management, making it a high priority for both governmental bodies and private sector players.

Increase in Regulatory Push and Incentives

Government regulations and incentives constitute a significant force propelling the smart meters market forward. Many countries are adopting legislation that either mandates or encourages the installation of smart meters, often setting deadlines for full-scale implementation. These policies may also be accompanied by financial incentives, such as grants or tax benefits, to expedite adoption rates. Regulatory efforts serve dual purposes: they aim to standardize utility management for optimal performance and promote environmental sustainability by encouraging energy-efficient practices. The presence of strong regulatory support substantially accelerates the penetration of smart meters in both developed and emerging markets.

Smart Meters Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global smart meters market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product, technology and end use.

Breakup by Product:

Smart Electricity Meter

Smart Water Meter

Smart Gas Meter

Smart electricity meter dominates the market

The report has provided a detailed breakup and analysis of the market based on the product. This includes smart electricity meter, smart water meter, and smart gas meter. According to the report, smart electricity meters represented the largest segment.

Smart electricity meters are the most widely used product due to the universal necessity of electricity for various applications across residential, commercial, and industrial sectors. Electricity is the backbone of modern life, powering everything from homes and offices to factories and data centers. This ubiquity fuels the demand for efficient and accurate monitoring systems, making smart electricity meters indispensable. They offer features like real-time tracking and consumption analytics, which facilitate precise billing while optimizing energy usage. Moreover, the transition toward renewable energy sources further necessitates the use of smart electricity meters to manage complex grid interactions. Governmental regulations and incentives often focus more on electricity meters owing to their crucial role in achieving energy efficiency and sustainability targets. Given these factors, smart electricity meters have become a highly preferred product by both utility providers and consumers, propelling the segment growth.

Breakup by Technology:

AMI (Advanced Metering Infrastructure)

AMR (Automatic Meter Reading)

AMI (Advanced Metering Infrastructure) holds the largest share in the market

A detailed breakup and analysis of the market based on technology has also been provided in the report. This includes AMI (Advanced Metering Infrastructure) and AMR (Automatic Meter Reading). According to the report, AMI (advanced metering infrastructure) accounted for the largest market share.

Advanced metering infrastructure (AMI) offers comprehensive capabilities that extend beyond mere meter reading to include two-way communication, real-time data monitoring, and remote-control functionalities. AMI's robust features provide significant advantages to utility companies and consumers alike. For utility providers, AMI systems facilitate streamlined operations, enhanced billing accuracy, and the ability to implement demand response programs, leading to increased operational efficiencies and cost savings. For consumers, AMI offers detailed consumption analytics, aiding in better energy management and conservation. The technology's scalability enables easy integration with other smart grid solutions, making it a future-proof investment. Moreover, governments and regulatory bodies often favor AMI as it aligns with broader objectives of energy efficiency, grid modernization, and sustainability. These multifaceted benefits make AMI the preferred choice for stakeholders, thereby contributing to the segment growth.

Breakup by End Use:

Residential

Commercial

Industrial

The report has provided a detailed breakup and analysis of the market based on the end use. This includes residential, commercial, and industrial.

The residential segment is one of the most significant in terms of volume. In this sector, smart meters primarily serve households, aiding in more accurate billing and providing real-time data to consumers. This technology helps residents manage their utility consumption more effectively, thereby contributing to energy conservation efforts. As awareness grows and costs decline, the adoption of smart meters in residential settings is expected to rise steadily.

In the commercial sector, smart meters are commonly deployed in offices, retail spaces, and other business establishments. These meters offer accurate billing and provide valuable data analytics capabilities. By analyzing patterns in energy or water usage, businesses can implement measures to improve efficiency, reduce operational costs, and adhere to sustainability goals. Advanced features like demand response also facilitate optimized usage during peak times.

The industrial segment includes factories, manufacturing plants, and other large-scale operations where utility consumption is high and needs to be meticulously managed. In these settings, smart meters are essential for real-time monitoring and precise control over resource usage. They often integrate with other industrial control systems to facilitate comprehensive management of utilities, ensuring operational efficiency and safety.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia-Pacific exhibits a clear dominance in the market

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market share.

Asia-Pacific held the biggest share in the market since the region is witnessing rapid urbanization and population growth in countries like China and India. The rise in demand for electricity, water, and gas in these populous nations necessitates advanced metering solutions for efficient resource management. Governments in the Asia-Pacific region are increasingly supportive of smart meter initiatives as part of broader plans for infrastructure modernization and sustainable development. For instance, China's commitment to reducing its carbon footprint involves large-scale deployment of smart meters to optimize energy usage. Similarly, India's Smart Cities Mission incorporates smart metering as a key component.

Additionally, the relatively lower penetration of traditional metering systems in some parts of Asia Pacific offers a less obstructed path for the adoption of advanced technologies like AMI and AMR. The region also benefits from competitive manufacturing capabilities, which helps in lowering the overall costs of smart meters, thereby facilitating broader adoption. This unique confluence of regulatory support, demographic factors, and economic advantages positions Asia-Pacific as the leading regional market for smart meters.

Competitive Landscape:

The market is experiencing moderate growth as key players in the industry are actively engaged in research and development (R&D) to innovate and enhance product features, focusing on factors such as accuracy, reliability, and security. They are also entering into strategic partnerships and collaborations with utility companies, technology firms, and governments to expand their market reach. Acquisitions and mergers are common tactics employed by these industry players to consolidate market presence and acquire technical expertise. Several leading companies are heavily investing in marketing campaigns to educate both consumers and policymakers about the benefits of smart meters, thereby accelerating product adoption rates. Moreover, numerous manufacturers are exploring ways to integrate their products with emerging technologies, such as the Internet of Things (IoT) and Artificial Intelligence (AI), to stay ahead in this competitive market landscape.

The market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Aichi Tokei Denki Co. Ltd.

Apator SA

Arad Group

Badger Meter Inc.

Diehl Stiftung & Co. KG

Holley Technology Ltd.

Itron Inc.

Landis+Gyr

Neptune Technology Group Inc. (Roper Technologies Inc.)

Schneider Electric SE

Sensus USA Inc. (Xylem Inc.)

Shenzhen Kaifa Technology Co. Ltd.

Zenner International GmbH & Co. KG.

Recent Developments:

In April 2022, Apator Metrix SA, one of the largest manufacturers and suppliers of high-class gas meters in Poland and Europe, entered into a contract with Landis+Gyr for the supply of smart gas meters as part of a roll-out of smart meters in Belgium. This is the largest implementation of a comprehensive multi-energy solution in Europe.

In March 2023, Diehl Metering, a global provider of smart metering solutions, signed a strategic partnership with STACKFORCE GmbH, a German company specializing in embedded software for IoT devices and related integration services. With this strategic collaboration, the companies aim to accelerate IoT opportunities in metering.

Key Questions Answered in This Report

• 1. What was the size of the global smart meters market in 2023?
• 2. What is the expected growth rate of the global smart meters market during 2024-2032?
• 3. What are the key factors driving the global smart meters market?
• 4. What has been the impact of COVID-19 on the global smart meters market?
• 5. What is the breakup of the global smart meters market based on the product?
• 6. What is the breakup of the global smart meters market based on the technology?
• 7. What are the key regions in the global smart meters market?
• 8. Who are the key players/companies in the global smart meters market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Smart Meters Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Product

• 6.1 Smart Electricity Meter
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Smart Water Meter
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Smart Gas Meter
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Technology

• 7.1 AMI (Advanced Metering Infrastructure)
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 AMR (Automatic Meter Reading)
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by End Use

• 8.1 Residential
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Commercial
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Industrial
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Aichi Tokei Denki Co. Ltd.
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
  • 14.3.2 Apator SA
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
  • 14.3.3 Arad Group
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
  • 14.3.4 Badger Meter Inc.
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
    • 14.3.4.3 Financials
    • 14.3.4.4 SWOT Analysis
  • 14.3.5 Diehl Stiftung & Co. KG
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Holley Technology Ltd.
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
  • 14.3.7 Itron Inc.
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
    • 14.3.7.4 SWOT Analysis
  • 14.3.8 Landis+Gyr
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
  • 14.3.9 Neptune Technology Group Inc. (Roper Technologies Inc.)
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 SWOT Analysis
  • 14.3.10 Schneider Electric SE
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
    • 14.3.10.4 SWOT Analysis
  • 14.3.11 Sensus USA Inc. (Xylem Inc.)
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 SWOT Analysis
  • 14.3.12 Shenzhen Kaifa Technology Co. Ltd.
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials
    • 14.3.12.4 SWOT Analysis
  • 14.3.13 Zenner International GmbH & Co. KG
    • 14.3.13.1 Company Overview
    • 14.3.13.2 Product Portfolio