

The global Smart Meter market size is predicted to grow from US$ 7878 million in 2025 to US$ 9935 million in 2031; it is expected to grow at a CAGR of 3.9% from 2025 to 2031.
Smart meters are one of the basic equipment for data collection in smart grids (especially smart distribution networks). They are responsible for the collection, measurement and transmission of raw electrical energy data, and are the basis for information integration, analysis and optimization, and information presentation. In addition to the basic power metering function of traditional electric energy meters, smart meters also have two-way multi-rate metering functions, user-side control functions, and two-way data communication with multiple data transmission modes in order to adapt to the use of smart grids and new energy. Intelligent functions such as functions and anti-theft functions.
The main smart meter manufacturers in the market include Landis+Gyr, Itron and General Electric.
The top ten global companies account for nearly 47% of the market.
The overall market concentration is not high. The high-end market is mostly monopolized by foreign companies, and the low-end market products Serious homogeneity and fierce price competition have affected the healthy development of the market.
Smart meter packages are divided into single-phase smart meters and three-phase smart meters, which can be used in residential, commercial and industrial applications.
The “Smart Meter Industry Forecast” looks at past sales and reviews total world Smart Meter sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart Meter sales for 2025 through 2031. With Smart Meter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Meter industry.
This Insight Report provides a comprehensive analysis of the global Smart Meter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Meter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Meter market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Meter and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Meter.
This report presents a comprehensive overview, market shares, and growth opportunities of Smart Meter market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Single-phase Smart Meters
Three-phase Smart Meters
Segmentation by Application:
Residential
Commercial
Industrial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Landis+Gyr
Itron
General Electric
Siemens
Sensus
Honeywell Elster
Sanxing Medical Electric
Jiangsu Linyang
Kamstrup
Wasion Group
Sagemcom
Hexing Electrical
Nuri Telecom
Clou Electronics
Iskraemeco
Zhejiang Chint
Shenzhen HND
Sunrise Technology
Holley Technology
LONGi Meter
ZIV
Key Questions Addressed in this Report
What is the 10-year outlook for the global Smart Meter market?
What factors are driving Smart Meter market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Smart Meter market opportunities vary by end market size?
How does Smart Meter break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Smart Meter Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Smart Meter by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Smart Meter by Country/Region, 2020, 2024 & 2031
2.2 Smart Meter Segment by Type
2.2.1 Single-phase Smart Meters
2.2.2 Three-phase Smart Meters
2.3 Smart Meter Sales by Type
2.3.1 Global Smart Meter Sales Market Share by Type (2020-2025)
2.3.2 Global Smart Meter Revenue and Market Share by Type (2020-2025)
2.3.3 Global Smart Meter Sale Price by Type (2020-2025)
2.4 Smart Meter Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.4.3 Industrial
2.5 Smart Meter Sales by Application
2.5.1 Global Smart Meter Sale Market Share by Application (2020-2025)
2.5.2 Global Smart Meter Revenue and Market Share by Application (2020-2025)
2.5.3 Global Smart Meter Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Smart Meter Breakdown Data by Company
3.1.1 Global Smart Meter Annual Sales by Company (2020-2025)
3.1.2 Global Smart Meter Sales Market Share by Company (2020-2025)
3.2 Global Smart Meter Annual Revenue by Company (2020-2025)
3.2.1 Global Smart Meter Revenue by Company (2020-2025)
3.2.2 Global Smart Meter Revenue Market Share by Company (2020-2025)
3.3 Global Smart Meter Sale Price by Company
3.4 Key Manufacturers Smart Meter Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Smart Meter Product Location Distribution
3.4.2 Players Smart Meter Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Smart Meter by Geographic Region
4.1 World Historic Smart Meter Market Size by Geographic Region (2020-2025)
4.1.1 Global Smart Meter Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Smart Meter Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Smart Meter Market Size by Country/Region (2020-2025)
4.2.1 Global Smart Meter Annual Sales by Country/Region (2020-2025)
4.2.2 Global Smart Meter Annual Revenue by Country/Region (2020-2025)
4.3 Americas Smart Meter Sales Growth
4.4 APAC Smart Meter Sales Growth
4.5 Europe Smart Meter Sales Growth
4.6 Middle East & Africa Smart Meter Sales Growth
5 Americas
5.1 Americas Smart Meter Sales by Country
5.1.1 Americas Smart Meter Sales by Country (2020-2025)
5.1.2 Americas Smart Meter Revenue by Country (2020-2025)
5.2 Americas Smart Meter Sales by Type (2020-2025)
5.3 Americas Smart Meter Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Smart Meter Sales by Region
6.1.1 APAC Smart Meter Sales by Region (2020-2025)
6.1.2 APAC Smart Meter Revenue by Region (2020-2025)
6.2 APAC Smart Meter Sales by Type (2020-2025)
6.3 APAC Smart Meter Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Smart Meter by Country
7.1.1 Europe Smart Meter Sales by Country (2020-2025)
7.1.2 Europe Smart Meter Revenue by Country (2020-2025)
7.2 Europe Smart Meter Sales by Type (2020-2025)
7.3 Europe Smart Meter Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Smart Meter by Country
8.1.1 Middle East & Africa Smart Meter Sales by Country (2020-2025)
8.1.2 Middle East & Africa Smart Meter Revenue by Country (2020-2025)
8.2 Middle East & Africa Smart Meter Sales by Type (2020-2025)
8.3 Middle East & Africa Smart Meter Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Smart Meter
10.3 Manufacturing Process Analysis of Smart Meter
10.4 Industry Chain Structure of Smart Meter
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Smart Meter Distributors
11.3 Smart Meter Customer
12 World Forecast Review for Smart Meter by Geographic Region
12.1 Global Smart Meter Market Size Forecast by Region
12.1.1 Global Smart Meter Forecast by Region (2026-2031)
12.1.2 Global Smart Meter Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Smart Meter Forecast by Type (2026-2031)
12.7 Global Smart Meter Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Landis+Gyr
13.1.1 Landis+Gyr Company Information
13.1.2 Landis+Gyr Smart Meter Product Portfolios and Specifications
13.1.3 Landis+Gyr Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Landis+Gyr Main Business Overview
13.1.5 Landis+Gyr Latest Developments
13.2 Itron
13.2.1 Itron Company Information
13.2.2 Itron Smart Meter Product Portfolios and Specifications
13.2.3 Itron Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Itron Main Business Overview
13.2.5 Itron Latest Developments
13.3 General Electric
13.3.1 General Electric Company Information
13.3.2 General Electric Smart Meter Product Portfolios and Specifications
13.3.3 General Electric Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 General Electric Main Business Overview
13.3.5 General Electric Latest Developments
13.4 Siemens
13.4.1 Siemens Company Information
13.4.2 Siemens Smart Meter Product Portfolios and Specifications
13.4.3 Siemens Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Siemens Main Business Overview
13.4.5 Siemens Latest Developments
13.5 Sensus
13.5.1 Sensus Company Information
13.5.2 Sensus Smart Meter Product Portfolios and Specifications
13.5.3 Sensus Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Sensus Main Business Overview
13.5.5 Sensus Latest Developments
13.6 Honeywell Elster
13.6.1 Honeywell Elster Company Information
13.6.2 Honeywell Elster Smart Meter Product Portfolios and Specifications
13.6.3 Honeywell Elster Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Honeywell Elster Main Business Overview
13.6.5 Honeywell Elster Latest Developments
13.7 Sanxing Medical Electric
13.7.1 Sanxing Medical Electric Company Information
13.7.2 Sanxing Medical Electric Smart Meter Product Portfolios and Specifications
13.7.3 Sanxing Medical Electric Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Sanxing Medical Electric Main Business Overview
13.7.5 Sanxing Medical Electric Latest Developments
13.8 Jiangsu Linyang
13.8.1 Jiangsu Linyang Company Information
13.8.2 Jiangsu Linyang Smart Meter Product Portfolios and Specifications
13.8.3 Jiangsu Linyang Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Jiangsu Linyang Main Business Overview
13.8.5 Jiangsu Linyang Latest Developments
13.9 Kamstrup
13.9.1 Kamstrup Company Information
13.9.2 Kamstrup Smart Meter Product Portfolios and Specifications
13.9.3 Kamstrup Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Kamstrup Main Business Overview
13.9.5 Kamstrup Latest Developments
13.10 Wasion Group
13.10.1 Wasion Group Company Information
13.10.2 Wasion Group Smart Meter Product Portfolios and Specifications
13.10.3 Wasion Group Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Wasion Group Main Business Overview
13.10.5 Wasion Group Latest Developments
13.11 Sagemcom
13.11.1 Sagemcom Company Information
13.11.2 Sagemcom Smart Meter Product Portfolios and Specifications
13.11.3 Sagemcom Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Sagemcom Main Business Overview
13.11.5 Sagemcom Latest Developments
13.12 Hexing Electrical
13.12.1 Hexing Electrical Company Information
13.12.2 Hexing Electrical Smart Meter Product Portfolios and Specifications
13.12.3 Hexing Electrical Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Hexing Electrical Main Business Overview
13.12.5 Hexing Electrical Latest Developments
13.13 Nuri Telecom
13.13.1 Nuri Telecom Company Information
13.13.2 Nuri Telecom Smart Meter Product Portfolios and Specifications
13.13.3 Nuri Telecom Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Nuri Telecom Main Business Overview
13.13.5 Nuri Telecom Latest Developments
13.14 Clou Electronics
13.14.1 Clou Electronics Company Information
13.14.2 Clou Electronics Smart Meter Product Portfolios and Specifications
13.14.3 Clou Electronics Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Clou Electronics Main Business Overview
13.14.5 Clou Electronics Latest Developments
13.15 Iskraemeco
13.15.1 Iskraemeco Company Information
13.15.2 Iskraemeco Smart Meter Product Portfolios and Specifications
13.15.3 Iskraemeco Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Iskraemeco Main Business Overview
13.15.5 Iskraemeco Latest Developments
13.16 Zhejiang Chint
13.16.1 Zhejiang Chint Company Information
13.16.2 Zhejiang Chint Smart Meter Product Portfolios and Specifications
13.16.3 Zhejiang Chint Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Zhejiang Chint Main Business Overview
13.16.5 Zhejiang Chint Latest Developments
13.17 Shenzhen HND
13.17.1 Shenzhen HND Company Information
13.17.2 Shenzhen HND Smart Meter Product Portfolios and Specifications
13.17.3 Shenzhen HND Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Shenzhen HND Main Business Overview
13.17.5 Shenzhen HND Latest Developments
13.18 Sunrise Technology
13.18.1 Sunrise Technology Company Information
13.18.2 Sunrise Technology Smart Meter Product Portfolios and Specifications
13.18.3 Sunrise Technology Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Sunrise Technology Main Business Overview
13.18.5 Sunrise Technology Latest Developments
13.19 Holley Technology
13.19.1 Holley Technology Company Information
13.19.2 Holley Technology Smart Meter Product Portfolios and Specifications
13.19.3 Holley Technology Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Holley Technology Main Business Overview
13.19.5 Holley Technology Latest Developments
13.20 LONGi Meter
13.20.1 LONGi Meter Company Information
13.20.2 LONGi Meter Smart Meter Product Portfolios and Specifications
13.20.3 LONGi Meter Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 LONGi Meter Main Business Overview
13.20.5 LONGi Meter Latest Developments
13.21 ZIV
13.21.1 ZIV Company Information
13.21.2 ZIV Smart Meter Product Portfolios and Specifications
13.21.3 ZIV Smart Meter Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 ZIV Main Business Overview
13.21.5 ZIV Latest Developments
14 Research Findings and Conclusion
*If Applicable.