Smart Power Meter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Smart Electric Meter Market is Segmented by End-user (Commercial, Residential, and Industrial), and Geography. The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Smart Power Meter Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Smart Electricity Meter Industry Overview

The smart electricity meters market is moderately competitive and consists of several major players. The market is moderately fragmented, owing to the presence of many small and large players. These companies are leveraging strategic innovations and collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on enterprise network equipment technologies to strengthen their product capabilities.

In October 2022, the power utilities of Andhra Pradesh announced a great up for rolling out a smart electricity meter project. The Union government decided to replace around 25 crore conventional meters with smart meters across India under the Smart Meter National Programme (SMNP).

Smart Electricity Meter Market Leaders

  1. Itron, Inc.

  2. Sensus USA Inc. (XYLEM INC)

  3. Sagemcom SAS

  4. Wasion Group Limited

  5. Landis+gyr Group AG

  6. *Disclaimer: Major Players sorted in no particular order
Smart Electricity Meter Market Concentration