スマート電気メーターの市場規模、シェア、動向、予測：タイプ、フェーズ、エンドユーザー、地域別、2025年～2033年

世界のスマート電気メーターの市場規模は2024年に274億米ドルに達しました。今後、2033年には486億米ドルに達すると予測され、2025～2033年の成長率（CAGR）は6.6%です。現在、アジア太平洋地域が市場を独占しており、2024年には40.9%を超える大きな市場シェアを占めています。スマートグリッドインフラへの投資の増加、エネルギー効率化のための政府の取り組み、都市化の進展、規制の義務化、再生可能エネルギーの統合、リアルタイムのエネルギー管理のためのIoT対応技術の進歩などが、この地域の市場を促進しています。

スマート電気メーターの市場分析：

主な市場促進要因：効率的なエネルギー消費と持続可能性に対する個人の関心の高まりが市場全体を牽引しています。加えて、グリッド管理のための最新ソリューションとしてスマートメーターの人気が高まっていることも、重要な成長促進要因として作用しています。

主な市場動向：無線通信技術の継続的な進歩は、市場の新たな動向のひとつです。これに加えて、消費者の間で、より相互接続されたスマートなエネルギー管理への志向が高まっていることも、世界市場をさらに強化しています。

地理的動向：アジア太平洋地域は、同市場において明確な優位性を示しています。これは、省エネルギーに対する個人の意識が高まり、電力使用量を監視・制御するためのスマートメーターの需要が同地域全体で高まっていることに起因しています。

競合情勢：スマート電気メーターの市場概要によると、著名な企業には、ABB Ltd.、Aclara Technologies LLC（Hubbell Incorporated）、Genus Power Infrastructures Ltd.、Holley Technology Ltd.、Honeywell International Inc.、Iskraemeco Group、Itron Inc.、Jiangsu Linyang Energy Co.Ltd.、Landis+Gyr、Microchip Technology Inc.、Schneider Electric SE、Wasion Groupなど多数。

課題と機会：データプライバシーとサイバーセキュリティに関する懸念の高まりが、世界市場を阻害しています。スマートメーターは詳細なエネルギー使用データをリアルタイムで収集・送信するため、潜在的なプライバシーリスクがあります。しかし、政府機関による厳格なデータ保護法の施行が、予測期間中の市場の活性化につながると期待されます。

スマート電気メーターの市場動向：

有利な規制支援

持続可能性の目標を達成し、送電網インフラを近代化するために、スマートメーターの設置を義務付ける政府機関によるさまざまな規制の実施が市場を強化しています。2022年12月現在、国家スマートグリッドミッション（NSGM）ダッシュボードによると、インドでは合計2億2,200万台のスマートメーターが認可され、790万台がすでに設置されています。さらに、規制機関はスマートメーター技術の導入を促進するため、補助金や減税などの財政的インセンティブも提供しています。このことが、スマート電気メーターの市場の需要を促進しています。例えば、インド電力省は2022年6月、配電部門の業務効率と財務的持続可能性の向上を目指す「配電部門改革計画（RDSS）」構想を開始しました。このスキームには、Deen-dayal Upadhyay Gram Jyoti Yojana、総合電力開発スキーム、首相開発パック2015などのプログラムの下で認可されたすべてのプロジェクトが組み込まれています。さらに、RDSSの下でのスマートメーター導入の主な目的は、AT&Cロスを12～15％に削減すること、2024～25会計年度までに平均供給コストと平均収入のギャップをゼロにすること、財政的に持続可能で運営効率の高い配電部門を構築することにより、消費者への電力供給の信頼性、品質、価格を向上させること、などです。これに伴い、電力会社と協力して大規模なスマートメーターの導入を開始し、旧式のメーターをスマートメーターに置き換えることを目指しています。例えば、2023年9月、インドの電力・新・再生可能エネルギー担当大臣は、RDSSガイドラインが、配電事業者への支援を提供し、導入後の運用上の問題を回避するために、総支出（TOTEX）モードでの官民パートナーシップ（PPP）によるスマートメーターの展開を義務付けていると伝えました。これとは別に、2023年6月、エネルギー省は国連開発計画の支援を受けて、欧州のモルドバに電力消費量計測用のスマートメーターを設置するパイロットプログラムを開始しました。

絶え間ない技術の進歩

機械学習（ML）アルゴリズムとモノのインターネット（IoT）技術の統合が進み、スマート電気メーターの機能と信頼性が向上していることは、スマート電気メーター市場の見通しにプラスの影響を与えています。さらに、これらの技術革新は予測保守を提供し、リアルタイムのデータ分析を提供し、さらには変化する使用パターンに適応するなど、別の重要な成長促進要因として作用しています。例えば、2023年7月、ベルンに本社を置くBKW社は、スイスのメーターネットワーク全体にメーターデータ管理プラットフォームを展開すると発表しました。このほか、包括的なエネルギー管理システムの導入も市場の成長に寄与しています。例えば、2023年12月、ベクター・テクノロジー・ソリューションズ（VTS）とアマゾン・ウェブ・サービス（AWS）は、企業や家庭のスマート電力・ガスメーターからの高周波データを最適化し、エネルギー会社の再生可能電源管理を支援するDivergeと名付けられたプラットフォームを開発しました。さらに、無線通信技術の普及により、スマートメーターの運用と導入がより実用的かつ安価になり、市場が活性化しています。例えば、2023年12月、通信事業者の1つであるBharti Airtelは、IntelliSmart Infrastructureと戦略的パートナーシップを結び、最大2兆個のスマートメーターをモノのインターネット技術で接続しました。

リアルタイムデータの必要性

請求の透明性に対する消費者の要求の高まりが、スマート電気メーター市場の収益に拍車をかけています。これとは別に、これらのメーターは顧客にエネルギー消費パターンに関する詳細な洞察を提供し、それによって十分な情報に基づいた意思決定を促しています。例えば、2024年3月、GBの配電会社Scottish and Southern Electricity Networks（SSEN）は、スマートメーターの30分毎の消費データセットをオープンアクセスとして公開しました。さらにSSENは、英国におけるデータ流通のためのオープンデータ・ポータル開発の先駆者となり、このようなデータを利用可能にした英国初のネットワーク事業者のひとつとなりました。このほか、主要企業はスマート電気メーターの技術への投資を拡大することで、顧客満足度の向上に注力しており、スマート電気メーター市場の足元の価格を押し上げています。例えば、2023年10月、Data Communications Company（DCC）と英国のEnergy Systems Catapultは、透明性を高めるためにスマートメーターデータへのアクセスを加速させました。加えて、顧客と公益事業者の双方に有益なデータ主導の洞察に対する需要の高まりが、今後数年間の市場を牽引すると予想されます。例えば、2024年2月、GE Vernovaは、スマートグリッドの運用において公益事業者を支援するために特別に設計されたGridOS Data Fabricを発表しました。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• 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
• 主要業界動向

第5章 世界のスマート電気メーター市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：タイプ別

• 高度計量インフラ（AMI）
• 自動検針（AMR）

第7章 市場内訳：フェーズ別

• 単相
• 三相

第8章 市場内訳：エンドユーザー別

• 産業
• 商業
• 住宅

第9章 市場内訳：地域別

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

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
  • ABB Ltd.
  • Aclara Technologies LLC（Hubbell Incorporated）
  • Genus Power Infrastructures Ltd.
  • Holley Technology Ltd.
  • Honeywell International Inc.
  • Iskraemeco Group
  • Itron Inc.
  • Jiangsu Linyang Energy Co. Ltd.
  • Landis+Gyr
  • Microchip Technology Inc.
  • Schneider Electric SE
  • Wasion Group

List of Figures

• Figure 1: Global: Smart Electric Meter Market: Major Drivers and Challenges
• Figure 2: Global: Smart Electric Meter Market: Sales Value (in Billion USD), 2019-2024
• Figure 3: Global: Smart Electric Meter Market Forecast: Sales Value (in Billion USD), 2025-2033
• Figure 4: Global: Smart Electric Meter Market: Breakup by Type (in %), 2024
• Figure 5: Global: Smart Electric Meter Market: Breakup by Phase (in %), 2024
• Figure 6: Global: Smart Electric Meter Market: Breakup by End User (in %), 2024
• Figure 7: Global: Smart Electric Meter Market: Breakup by Region (in %), 2024
• Figure 8: Global: Smart Electric Meter (Advanced Metering Infrastructure (AMI)) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 9: Global: Smart Electric Meter (Advanced Metering Infrastructure (AMI)) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 10: Global: Smart Electric Meter (Automatic Meter Reading (AMR)) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 11: Global: Smart Electric Meter (Automatic Meter Reading (AMR)) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 12: Global: Smart Electric Meter (Single Phase) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 13: Global: Smart Electric Meter (Single Phase) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 14: Global: Smart Electric Meter (Three Phase) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 15: Global: Smart Electric Meter (Three Phase) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 16: Global: Smart Electric Meter (Industrial) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 17: Global: Smart Electric Meter (Industrial) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 18: Global: Smart Electric Meter (Commercial) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 19: Global: Smart Electric Meter (Commercial) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 20: Global: Smart Electric Meter (Residential) Market: Sales Value (in Million USD), 2019 & 2024
• Figure 21: Global: Smart Electric Meter (Residential) Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 22: North America: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 23: North America: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 24: United States: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 25: United States: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 26: Canada: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 27: Canada: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 28: Asia-Pacific: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 29: Asia-Pacific: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 30: China: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 31: China: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 32: Japan: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 33: Japan: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 34: India: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 35: India: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 36: South Korea: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 37: South Korea: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 38: Australia: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 39: Australia: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 40: Indonesia: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 41: Indonesia: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 42: Others: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 43: Others: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 44: Europe: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 45: Europe: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 46: Germany: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 47: Germany: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 48: France: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 49: France: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 50: United Kingdom: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 51: United Kingdom: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 52: Italy: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 53: Italy: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 54: Spain: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 55: Spain: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 56: Russia: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 57: Russia: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 58: Others: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 59: Others: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 60: Latin America: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 61: Latin America: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 62: Brazil: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 63: Brazil: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 64: Mexico: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 65: Mexico: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 66: Others: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 67: Others: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 68: Middle East and Africa: Smart Electric Meter Market: Sales Value (in Million USD), 2019 & 2024
• Figure 69: Middle East and Africa: Smart Electric Meter Market: Breakup by Country (in %), 2024
• Figure 70: Middle East and Africa: Smart Electric Meter Market Forecast: Sales Value (in Million USD), 2025-2033
• Figure 71: Global: Smart Electric Meter Industry: SWOT Analysis
• Figure 72: Global: Smart Electric Meter Industry: Value Chain Analysis
• Figure 73: Global: Smart Electric Meter Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Smart Electric Meter Market: Key Industry Highlights, 2024 and 2033
• Table 2: Global: Smart Electric Meter Market Forecast: Breakup by Type (in Million USD), 2025-2033
• Table 3: Global: Smart Electric Meter Market Forecast: Breakup by Phase (in Million USD), 2025-2033
• Table 4: Global: Smart Electric Meter Market Forecast: Breakup by End User (in Million USD), 2025-2033
• Table 5: Global: Smart Electric Meter Market Forecast: Breakup by Region (in Million USD), 2025-2033
• Table 6: Global: Smart Electric Meter Market: Competitive Structure
• Table 7: Global: Smart Electric Meter Market: Key Players

The global smart electric meter market size reached USD 27.4 Billion in 2024. Looking forward, the market is forecasted to reach USD 48.6 Billion by 2033, exhibiting a growth rate (CAGR) of 6.6% during 2025-2033. Asia Pacific currently dominates the market, holding a significant market share of over 40.9% in 2024. The increasing investments in smart grid infrastructure, government initiatives for energy efficiency, rising urbanization, regulatory mandates, renewable energy integration, and advancements in IoT-enabled technologies for real-time energy management are propelling the market across the region.

Smart Electric Meter Market Analysis:

Major Market Drivers: The rising emphasis of individuals on efficient energy consumption and sustainability is driving the overall market. Additionally, the inflating popularity of smart meters as a modern solution for grid management is also acting as another significant growth-inducing factor.

Key Market Trends: Continuous advancements in wireless communication technologies are among the emerging trends in the market. Besides this, the increasing inclination among consumers towards more interconnected and smart energy management is further bolstering the global market.

Geographical Trends: Asia Pacific exhibits a clear dominance in the market. This can be attributed to the rising awareness among individuals towards energy conservation, which is escalating the demand for smart meters across the region to monitor and control electricity usage.

Competitive Landscape: According to the smart electric meter market overview, some of the prominent companies include ABB Ltd., Aclara Technologies LLC (Hubbell Incorporated), Genus Power Infrastructures Ltd., Holley Technology Ltd., Honeywell International Inc., Iskraemeco Group, Itron Inc., Jiangsu Linyang Energy Co. Ltd., Landis+Gyr, Microchip Technology Inc., Schneider Electric SE, and Wasion Group, among many others.

Challenges and Opportunities: The elevating concerns related to data privacy and cybersecurity are hampering the global market. As smart meters collect and transmit detailed energy usage data in real-time, they pose potential privacy risks. However, the implementation of stringent data protection laws by government bodies is expected to fuel the market over the forecasted period.

Smart Electric Meter Market Trends:

Favorable Regulatory Support

The implementation of various regulations by government bodies that mandate the installation of smart meters to meet sustainability objective and modernize grid infrastructures is strengthening the market. As of Decem-ber 2022, acc-ording to the National Smart Grid Miss-ion (NSGM) dashboard, a total of 222 million smart meters were sanctioned in India, with 7.9 million already installed. Moreover, regulatory bodies also offer financial incentives, such as grants or tax breaks, to expedite the adoption of smart meter technology. This, in turn, is propelling the smart electric meter market demand. For instance, in June 2022, the Ministry of Power in India launched the Revamped Distribution Sector Scheme (RDSS) initiative, which aims to improve the operational efficiency and financial sustainability of discoms. The scheme incorpora-tes all projects sanctioned under programs, such as the Deen-dayal Upadhyay Gram Jyoti Yojana, the Integrated Po-wer Development Scheme, the Prime Minister's Development Pack-age 2015, etc. Additionally, the main objectives of smart metering initiatives under the RDSS are to reduce AT&C losses to 12 to 15%, lower the average cost of supply-average revenue realized gap to zero by the financial year 2024-25, enhance the reliability, quality, and affordability of power supply to consumers by creating a financially sustainable and operationally efficient distribution sector, etc. In line with this, they are also collaborating with utility companies to initiate large-scale smart meter rollouts, thereby aiming to replace outdated meters with smart ones. For instance, in September 2023, the Union Minister for Power and New & Renewable Energy in India informed that the RDSS guidelines mandated the roll-out of smart meters via public-private partnership (PPP) on total expenditure (TOTEX) mode to provide support to DISCOMS and avoid post-implementation operational issues. Apart from this, in June 2023, the Ministry of Energy launched a pilot program with the support of the United Nations Development Programme to install smart meters for measuring electricity consumption in Moldova, Europe.

Continuous Technological Advancements

The increasing integration of machine learning (ML) algorithms and Internet of Things (IoT) technology to enhance the capabilities and reliability of smart electric meters is positively influencing the smart electric meter market outlook. Additionally, these innovations offer predictive maintenance, provide real-time data analytics, even adapt to changing usage patterns, etc., which is acting as another significant growth-inducing factor. For example, in July 2023, Bern-based BKW announced the deployment of a meter data management platform across their meter network in Switzerland. Besides this, the introduction of comprehensive energy management systems is also contributing to the market growth. For instance, in December 2023, Vector Technology Solutions (VTS) and Amazon Web Services (AWS) developed the platform named Diverge that optimizes high-frequency data from smart electricity and gas meters in businesses and homes and assists energy companies in managing renewable power sources. Furthermore, the elevating popularity of wireless communication technologies has made the operation and deployment of smart meters more practical and less expensive, which is stimulating the market. For example, in December 2023, Bharti Airtel, one of the telecom operators, entered into a strategic partnership with IntelliSmart Infrastructure to connect up to 2 crore smart meters with the Internet of Things technology.

Need for Real-Time Data

The growing consumer requirement for transparency in billing is fueling the smart electric meter market revenue. Apart from this, these meters offer customers with detailed insights into their energy consumption patterns, thereby encouraging them to make informed decisions. For instance, in March 2024, GB distribution company Scottish and Southern Electricity Networks (SSEN) made its full smart meter half-hourly consumption datasets available as open access. Moreover, SSEN became one of the first network operators in Britain to make such data available, having pioneered the development of an open data portal for the distribution of data in the country. Besides this, key companies are focusing on improving customer satisfaction by investing more in smart electric meter technology, which is elevating the smart electric meter market's recent price. For example, in October 2023, Data Communications Company (DCC) and the UK's Energy Systems Catapult accelerated access to smart meter data for greater transparency. Additionally, the inflating demand for data-driven insights that are mutually beneficial for customers and utility providers is expected to drive the market in the coming years. For instance, in February 2024, GE Vernova introduced GridOS Data Fabric, which is specifically designed to help utilities in operating smart grids.

Smart Electric Meter Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the smart electric meter market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on the type, phase, and end user.

Breakup by Type:

• Advanced Metering Infrastructure (AMI)
• Automatic Meter Reading (AMR)

Advanced metering infrastructure (AMI) dominate the market

Advanced metering infrastructure (AMI) is dominating the market as it allows real-time data collection, thereby providing immediate insights into energy consumption patterns. Besides this, AMI systems assist in minimizing the chances of billing errors and disputes. Apart from this, they allow two-way communication between the central system and the meter, thereby facilitating remote monitoring and even firmware updates. Furthermore, advanced metering infrastructure aids in detecting and isolating outages quickly, thereby improving the overall reliability and efficiency of the electric grid. Consequently, it is gaining extensive traction across the globe. For example, in November 2023, Trilliant, one of the leading international providers of advanced metering infrastructure (AMI), announced the collaboration with IntelliSmart Infrastructure Private Limited, one of the prominent digital solutions providers in India, as one of its software partners for its Head-end System (HES) cellular implementations.

Breakup by Phase:

• Single Phase
• Three Phase

As per the smart electric meter market statistics, single-phase smart electric meters are mainly used in residential settings, which represent most electricity consumers. In line with this, the operation of single-phase meters is relatively straightforward, making them easier to maintain, and use. Three-phase smart electric meters are widely adopted in both commercial and industrial settings, which often have higher power requirements. Moreover, they allow more efficient and balanced power distribution, particularly in settings with variable loads or heavy machinery, making them the preferred choice for industries.

Breakup by End User:

• Industrial
• Commercial
• Residential

Residential hold the largest smart electric meter market share

The growth in this segmentation is propelled by the inflating need for real-time data on electricity usage, which enabled consumers to understand consumption patterns better and initiate steps to minimize wastage. Apart from this, the automated nature of smart meters eliminates the need for manual meter readings, making the billing process more efficient and accurate. For instance, in October 2023, Eversource installed smart meters for its more than 1.2 million residential and small business customers in Connecticut, U.S. Moreover, in December 2023, Xylem introduced a novel residential electric meter with advanced grid edge capabilities.

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.

The rising investments by utility companies in novel smart meter infrastructures represent the smart electric meter market's recent opportunities. For instance, in February 2024, Salzer established a smart meter manufacturing business in India, which will have an annual production capacity of 4 million smart energy meters. In line with this, in February 2024, IGL Genesis Technologies signed a deal with China-based Hangzhou Beta Meter to buy smart meter manufacturing technology for about Rs 20 Crore to enhance the energy infrastructure in India with advanced metering solutions. Apart from this, the increasing number of tech hubs that provide a strong foundation for the development and adoption of advanced technologies, including smart electric meters, will continue to bolster the regional market over the forecasted period. For example, in March 2023, JioThings, one of the leading Internet of Things (IoT) solution providers, partnered with EDF, an electric utility firm in France, and Energy Efficiency Services Limited (EESL) to deploy one million smart prepaid meters in the state of Bihar. In line with this, in September 2023, HPL Electric and Power Ltd entered into a strategic partnership with Wirepas Oy to launch smart metering projects in India.

Competitive Landscape:

Leading companies are incorporating real-time tracking and advanced analytics to enhance the features, reliability, and efficiency of smart electric meters. Furthermore, they are expanding geographically by adapting products to meet local regulations and consumer preferences. In addition, several key players are entering into strategic alliances with utility companies, tech firms, and local governments to accelerate the adoption of smart meters. Besides this, smart electric meter market companies are investing in secure data encryptions to protect user data from unauthorized access. Additionally, they are adhering to international and local regulations, such as energy efficiency standards and data protection laws, to ensure that their products meet or exceed these standards. Moreover, major players are developing user-friendly interfaces and mobile apps that allow consumers to monitor their energy consumption in real-time, thereby promoting responsible energy usage.

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

• ABB Ltd.
• Aclara Technologies LLC (Hubbell Incorporated)
• Genus Power Infrastructures Ltd.
• Holley Technology Ltd.
• Honeywell International Inc.
• Iskraemeco Group
• Itron Inc.
• Jiangsu Linyang Energy Co. Ltd.
• Landis+Gyr
• Microchip Technology Inc.
• Schneider Electric SE
• Wasion Group

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Smart Electric Meter Market Recent Developments:

May 2024: Oakter, one of the leading consumer electronics brands, introduced Oakmeter, which is a smart energy meter with real-time data and Internet of Things capabilities.

March 2024: The Maharashtra State Electricity Distribution Company Limited (MSEDCL) launched pre-paid smart electricity meters in Nagpur as a part of the Revamped Distribution Sector Scheme (RDSS).

January 2024: Adani Energy Solutions Limited (AESL), a private transmission and distribution company, formed a joint venture with Esyasoft Holdings to implement smart metering projects in India and other countries.

Key Questions Answered in This Report

• 1.What is a smart electric meter?
• 2.How big is the smart electric meter market?
• 3.What is the expected growth rate of the global smart electric meter market during 2025-2033?
• 4.Which segment accounted for the largest smart electricity meter market share?
• 5.What are the key factors driving the global smart electric meter market?
• 6.What is the leading segment of the global smart electric meter market based on the type?
• 7.What is the leading segment of the global smart electric meter market based on phase?
• 8.What is the leading segment of the global smart electric meter market based on end user?
• 9.What are the key regions in the global smart electric meter market?
• 10.Who are the key players/companies in the global smart electric meter 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 Electric Meter Market

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

6 Market Breakup by Type

• 6.1 Advanced Metering Infrastructure (AMI)
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Automatic Meter Reading (AMR)
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Phase

• 7.1 Single Phase
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Three Phase
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by End User

• 8.1 Industrial
  • 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 Residential
  • 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 ABB Ltd.
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
    • 14.3.1.4 SWOT Analysis
  • 14.3.2 Aclara Technologies LLC (Hubbell Incorporated)
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 SWOT Analysis
  • 14.3.3 Genus Power Infrastructures Ltd.
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
  • 14.3.4 Holley Technology Ltd.
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
  • 14.3.5 Honeywell International Inc.
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
    • 14.3.5.3 Financials
  • 14.3.6 Iskraemeco Group
    • 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 Jiangsu Linyang Energy Co. Ltd.
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
  • 14.3.9 Landis+Gyr
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 Financials
  • 14.3.10 Microchip Technology Inc.
    • 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 Schneider Electric SE
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
    • 14.3.11.4 SWOT Analysis
  • 14.3.12 Wasion Group
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials