How big is the Smart Meters Market?

The Smart Meters Market size is expected to reach 162.19 million units in 2024 and grow at a CAGR of 7.81% to reach 236.24 million units by 2029. Read More

What is the current Smart Meters Market size?

In 2024, the Smart Meters Market size is expected to reach 162.19 million units. Read More

Who are the key players in Smart Meters Market?

AEM, Aichi Tokei Denki Co., Ltd., Apator SA, Arad Group and Azbil Kimmon Co. Ltd are the major companies operating in the Smart Meters Market. Read More

Which is the fastest growing region in Smart Meters Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Meters Market?

In 2024, the Asia Pacific accounts for the largest market share in Smart Meters Market. Read More

What years does this Smart Meters Market cover, and what was the market size in 2023?

In 2023, the Smart Meters Market size was estimated at 150.44 million units. The report covers the Smart Meters Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Meters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What is the future outlook for the Smart Meters Market?

The Smart Meter Market is expected to grow significantly, driven by ongoing energy efficiency initiatives, technological advancements, and the global push towards sustainable energy solutions. Read More

What are the latest technological advancements in Smart Meters?

Key technological advancements in the Smart Meters Market are: a) Enhanced communication capabilities b) Improved data analytics c) Integration with home energy management systems Read More

Smart Meters Market Share

Statistics for the 2023 & 2024 Smart Meters market share, created by Mordor Intelligence™ Industry Reports. Smart Meters share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Smart Meters Industry

The smart meter market is highly competitive and consists of several major players such as AEM, Aichi Tokei Denki Co., Ltd., Apator SA, Arad Group, and Azbil Kimmon Co., Ltd. The involvement of large-scale investments is increasing the barriers for the existing players, thereby pushing the industry toward competition. Also, smart meters are increasingly being deployed by various end users. Hence, the substantial increase in demand and government initiatives to increase the number of rollouts in various regions are expected to increase the degree of competition among the market players.

In January 2023, Badger Meter Inc. announced the strategic acquisition of Syrinix Ltd., a provider of intelligent water monitoring solutions. Through this acquisition, the company aims to add the hardware-enabled software capabilities of Syrinix to our smart water solutions portfolio. Similarly, it has also acquired Analytical Technology, Inc. (Ati) and Scan GmbH, leaders in intelligent measurement and smart water quality monitoring.

In January 2023, Diehl Stiftung & Co. KG announced that the Water and Sanitation Corporation (WASAC) in Rwanda's capital, Kigali, chose Diehl Metering for meter technology to modernize its network for its sustainability efforts. WASAC recognized the suitability of AURIGA to achieve its primary objective of reducing non-revenue water by installing reliable meters. The AURIGA water meter will form the basis for a future AMR solution.

In December 2022, Apator SA presented the smartESOX pro, which was specially designed for industrial applications, and the OTUS 3, a bidirectional smart electricity meter. Other smart options were presented, such as the Ultrimis W ultrasonic water meter and the iSMART2 gas meter.