List of Contents

Smart Meters Market Size, Share, and Trends 2024 to 2034

The global smart meters market size was USD 29.77 billion in 2023, calculated at USD 32.57 billion in 2024 and is expected to reach around USD 79.97 billion by 2034, expanding at a CAGR of 9.4% from 2024 to 2034.

  • Last Updated : August 2024
  • Report Code : 1687
  • Category : Semiconductor and Electronic

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Smart Meters Market 

5.1. COVID-19 Landscape: Smart Meters Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Smart Meters Market, By Product

8.1. Smart Meters Market, by Product, 2024-2034

8.1.1. Electricity Meter

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Gas Meter

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Water Meter

8.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Smart Meters Market, By End Use

9.1. Smart Meters Market, by End Use, 2024-2034

9.1.1. Residential

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2 Commercial

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Industrial

9.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Smart Meters Market, By Component 

10.1. Smart Meters Market, by Component, 2024-2034

10.1.1. Hardware

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Software

10.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Smart Meters Market, By Technology

11.1. Smart Meters Market, by Technology, 2024-2034

11.1.1. AMI

11.1.1.1. Market Revenue and Forecast (2021-2034)

11.1.2. AMR

11.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 12. Global Smart Meters Market, By Communication

12.1. Smart Meters Market, by Communication, 2024-2034

12.1.1. RF

12.1.1.1. Market Revenue and Forecast (2021-2034)

12.1.2. PLC

12.1.2.1. Market Revenue and Forecast (2021-2034)

12.1.3. Cellular

12.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 13. Global Smart Meters Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Product (2021-2034)

13.1.2. Market Revenue and Forecast, by End Use (2021-2034)

13.1.3. Market Revenue and Forecast, by Component (2021-2034)

13.1.4. Market Revenue and Forecast, by Technology (2021-2034)

13.1.5. Market Revenue and Forecast, by Communication (2021-2034)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Product (2021-2034)

13.1.6.2. Market Revenue and Forecast, by End Use (2021-2034)

13.1.6.3. Market Revenue and Forecast, by Component (2021-2034)

13.1.6.4. Market Revenue and Forecast, by Technology (2021-2034)

13.1.7. Market Revenue and Forecast, by Communication (2021-2034) 

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Product (2021-2034)

13.1.8.2. Market Revenue and Forecast, by End Use (2021-2034)

13.1.8.3. Market Revenue and Forecast, by Component (2021-2034)

13.1.8.4. Market Revenue and Forecast, by Technology (2021-2034)

13.1.8.5. Market Revenue and Forecast, by Communication (2021-2034)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Product (2021-2034)

13.2.2. Market Revenue and Forecast, by End Use (2021-2034)

13.2.3. Market Revenue and Forecast, by Component (2021-2034)

13.2.4. Market Revenue and Forecast, by Technology (2021-2034) 

13.2.5. Market Revenue and Forecast, by Communication (2021-2034) 

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Product (2021-2034)

13.2.6.2. Market Revenue and Forecast, by End Use (2021-2034)

13.2.6.3. Market Revenue and Forecast, by Component (2021-2034)

13.2.7. Market Revenue and Forecast, by Technology (2021-2034) 

13.2.8. Market Revenue and Forecast, by Communication (2021-2034) 

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Product (2021-2034)

13.2.9.2. Market Revenue and Forecast, by End Use (2021-2034)

13.2.9.3. Market Revenue and Forecast, by Component (2021-2034)

13.2.10. Market Revenue and Forecast, by Technology (2021-2034)

13.2.11. Market Revenue and Forecast, by Communication (2021-2034)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Product (2021-2034)

13.2.12.2. Market Revenue and Forecast, by End Use (2021-2034)

13.2.12.3. Market Revenue and Forecast, by Component (2021-2034)

13.2.12.4. Market Revenue and Forecast, by Technology (2021-2034)

13.2.13. Market Revenue and Forecast, by Communication (2021-2034)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Product (2021-2034)

13.2.14.2. Market Revenue and Forecast, by End Use (2021-2034)

13.2.14.3. Market Revenue and Forecast, by Component (2021-2034)

13.2.14.4. Market Revenue and Forecast, by Technology (2021-2034)

13.2.15. Market Revenue and Forecast, by Communication (2021-2034)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Product (2021-2034)

13.3.2. Market Revenue and Forecast, by End Use (2021-2034)

13.3.3. Market Revenue and Forecast, by Component (2021-2034)

13.3.4. Market Revenue and Forecast, by Technology (2021-2034)

13.3.5. Market Revenue and Forecast, by Communication (2021-2034)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Product (2021-2034)

13.3.6.2. Market Revenue and Forecast, by End Use (2021-2034)

13.3.6.3. Market Revenue and Forecast, by Component (2021-2034)

13.3.6.4. Market Revenue and Forecast, by Technology (2021-2034)

13.3.7. Market Revenue and Forecast, by Communication (2021-2034)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Product (2021-2034)

13.3.8.2. Market Revenue and Forecast, by End Use (2021-2034)

13.3.8.3. Market Revenue and Forecast, by Component (2021-2034)

13.3.8.4. Market Revenue and Forecast, by Technology (2021-2034)

13.3.9. Market Revenue and Forecast, by Communication (2021-2034)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Product (2021-2034)

13.3.10.2. Market Revenue and Forecast, by End Use (2021-2034)

13.3.10.3. Market Revenue and Forecast, by Component (2021-2034)

13.3.10.4. Market Revenue and Forecast, by Technology (2021-2034)

13.3.10.5. Market Revenue and Forecast, by Communication (2021-2034)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Product (2021-2034)

13.3.11.2. Market Revenue and Forecast, by End Use (2021-2034)

13.3.11.3. Market Revenue and Forecast, by Component (2021-2034)

13.3.11.4. Market Revenue and Forecast, by Technology (2021-2034)

13.3.11.5. Market Revenue and Forecast, by Communication (2021-2034)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Product (2021-2034)

13.4.2. Market Revenue and Forecast, by End Use (2021-2034)

13.4.3. Market Revenue and Forecast, by Component (2021-2034)

13.4.4. Market Revenue and Forecast, by Technology (2021-2034)

13.4.5. Market Revenue and Forecast, by Communication (2021-2034)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Product (2021-2034)

13.4.6.2. Market Revenue and Forecast, by End Use (2021-2034)

13.4.6.3. Market Revenue and Forecast, by Component (2021-2034)

13.4.6.4. Market Revenue and Forecast, by Technology (2021-2034)

13.4.7. Market Revenue and Forecast, by Communication (2021-2034)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Product (2021-2034)

13.4.8.2. Market Revenue and Forecast, by End Use (2021-2034)

13.4.8.3. Market Revenue and Forecast, by Component (2021-2034)

13.4.8.4. Market Revenue and Forecast, by Technology (2021-2034)

13.4.9. Market Revenue and Forecast, by Communication (2021-2034)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Product (2021-2034)

13.4.10.2. Market Revenue and Forecast, by End Use (2021-2034)

13.4.10.3. Market Revenue and Forecast, by Component (2021-2034)

13.4.10.4. Market Revenue and Forecast, by Technology (2021-2034)

13.4.10.5. Market Revenue and Forecast, by Communication (2021-2034)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Product (2021-2034)

13.4.11.2. Market Revenue and Forecast, by End Use (2021-2034)

13.4.11.3. Market Revenue and Forecast, by Component (2021-2034)

13.4.11.4. Market Revenue and Forecast, by Technology (2021-2034)

13.4.11.5. Market Revenue and Forecast, by Communication (2021-2034)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Product (2021-2034)

13.5.2. Market Revenue and Forecast, by End Use (2021-2034)

13.5.3. Market Revenue and Forecast, by Component (2021-2034)

13.5.4. Market Revenue and Forecast, by Technology (2021-2034)

13.5.5. Market Revenue and Forecast, by Communication (2021-2034)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Product (2021-2034)

13.5.6.2. Market Revenue and Forecast, by End Use (2021-2034)

13.5.6.3. Market Revenue and Forecast, by Component (2021-2034)

13.5.6.4. Market Revenue and Forecast, by Technology (2021-2034)

13.5.7. Market Revenue and Forecast, by Communication (2021-2034)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Product (2021-2034)

13.5.8.2. Market Revenue and Forecast, by End Use (2021-2034)

13.5.8.3. Market Revenue and Forecast, by Component (2021-2034)

13.5.8.4. Market Revenue and Forecast, by Technology (2021-2034)

13.5.8.5. Market Revenue and Forecast, by Communication (2021-2034)

Chapter 14. Company Profiles

14.1. Neptune Technology Group Inc.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Honeywell International Inc.

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Siemens AG

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Kaifa Technology

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Suntront Technology

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Wasion Group

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Aichi Tokei Denkei

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Badger Meter

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Sensus

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms 

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Frequently Asked Questions

The global smart meters market size was reached at USD 29.77 billion in 2023 and it is anticipated to rake USD 79.97 billion by 2034.

The global smart meters market is expected to grow at a CAGR of 9.4% from 2024 to 2034.

The major players operating in the smart meters market are Holley Metering Limited, Neptune Technology Group Inc., Honeywell International Inc., Siemens AG, Kaifa Technology, Suntront Technology, Wasion Group, Aichi Tokei Denkei, Badger Meter and Sensus

The growing demand for smart electricity meters is driving the growth of global smart meters market.

Europe region is expected to develop at the fastest rate during the forecast period.

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