Global Smart Metering Market Research Report 2023

Smart Meters are a part of the utility industry. They help through depiction of valuable insights regarding the usage of energy due to the technological interventions made in them. The growth in this sector is due to the rise in investments in the smart grid projects as well as changes in government policies.

The global Smart Metering market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The growth driver of this market is government support and technological advancements in terms of smart grid development, infrastructure development, rise in population, etc. These reasons have led to installation of more and more smart meters and will rise in the future years.

This report aims to provide a comprehensive presentation of the global market for Smart Metering, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Smart Metering.

The Smart Metering market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Smart Metering market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Smart Metering manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Product Definition

1.2 Smart Metering Segment by Type

1.2.1 Global Smart Metering Market Value Growth Rate Analysis by Type 2022 VS 2029

1.2.2 Smart Energy Meters

1.2.3 Smart Water Meters

1.2.4 Smart Gas Meters

1.3 Smart Metering Segment by Application

1.3.1 Global Smart Metering Market Value Growth Rate Analysis by Application: 2022 VS 2029

1.3.2 Industrial

1.3.3 Commercial

1.3.4 Residential

1.4 Global Market Growth Prospects

1.4.1 Global Smart Metering Production Value Estimates and Forecasts (2018-2029)

1.4.2 Global Smart Metering Production Capacity Estimates and Forecasts (2018-2029)

1.4.3 Global Smart Metering Production Estimates and Forecasts (2018-2029)

1.4.4 Global Smart Metering Market Average Price Estimates and Forecasts (2018-2029)

1.5 Assumptions and Limitations

2.1 Global Smart Metering Production Market Share by Manufacturers (2018-2023)

2.2 Global Smart Metering Production Value Market Share by Manufacturers (2018-2023)

2.3 Global Key Players of Smart Metering, Industry Ranking, 2021 VS 2022 VS 2023

2.4 Global Smart Metering Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.5 Global Smart Metering Average Price by Manufacturers (2018-2023)

2.6 Global Key Manufacturers of Smart Metering, Manufacturing Base Distribution and Headquarters

2.7 Global Key Manufacturers of Smart Metering, Product Offered and Application

2.8 Global Key Manufacturers of Smart Metering, Date of Enter into This Industry

2.9 Smart Metering Market Competitive Situation and Trends

2.9.1 Smart Metering Market Concentration Rate

2.9.2 Global 5 and 10 Largest Smart Metering Players Market Share by Revenue

2.10 Mergers & Acquisitions, Expansion

3.1 Global Smart Metering Production Value Estimates and Forecasts by Region: 2018 VS 2022 VS 2029

3.2 Global Smart Metering Production Value by Region (2018-2029)

3.2.1 Global Smart Metering Production Value Market Share by Region (2018-2023)

3.2.2 Global Forecasted Production Value of Smart Metering by Region (2024-2029)

3.3 Global Smart Metering Production Estimates and Forecasts by Region: 2018 VS 2022 VS 2029

3.4 Global Smart Metering Production by Region (2018-2029)

3.4.1 Global Smart Metering Production Market Share by Region (2018-2023)

3.4.2 Global Forecasted Production of Smart Metering by Region (2024-2029)

3.5 Global Smart Metering Market Price Analysis by Region (2018-2023)

3.6 Global Smart Metering Production and Value, Year-over-Year Growth

3.6.1 North America Smart Metering Production Value Estimates and Forecasts (2018-2029)

3.6.2 Europe Smart Metering Production Value Estimates and Forecasts (2018-2029)

3.6.3 China Smart Metering Production Value Estimates and Forecasts (2018-2029)

3.6.4 Japan Smart Metering Production Value Estimates and Forecasts (2018-2029)

4.1 Global Smart Metering Consumption Estimates and Forecasts by Region: 2018 VS 2022 VS 2029

4.2 Global Smart Metering Consumption by Region (2018-2029)

4.2.1 Global Smart Metering Consumption by Region (2018-2023)

4.2.2 Global Smart Metering Forecasted Consumption by Region (2024-2029)

4.3 North America

4.3.1 North America Smart Metering Consumption Growth Rate by Country: 2018 VS 2022 VS 2029

4.3.2 North America Smart Metering Consumption by Country (2018-2029)

4.3.3 U.S.

4.3.4 Canada

4.4 Europe

4.4.1 Europe Smart Metering Consumption Growth Rate by Country: 2018 VS 2022 VS 2029

4.4.2 Europe Smart Metering Consumption by Country (2018-2029)

4.4.3 Germany

4.4.4 France

4.4.5 U.K.

4.4.6 Italy

4.4.7 Russia

4.5 Asia Pacific

4.5.1 Asia Pacific Smart Metering Consumption Growth Rate by Region: 2018 VS 2022 VS 2029

4.5.2 Asia Pacific Smart Metering Consumption by Region (2018-2029)

4.5.3 China

4.5.4 Japan

4.5.5 South Korea

4.5.6 China Taiwan

4.5.7 Southeast Asia

4.5.8 India

4.6 Latin America, Middle East & Africa

4.6.1 Latin America, Middle East & Africa Smart Metering Consumption Growth Rate by Country: 2018 VS 2022 VS 2029

4.6.2 Latin America, Middle East & Africa Smart Metering Consumption by Country (2018-2029)

4.6.3 Mexico

4.6.4 Brazil

4.6.5 Turkey

5.1 Global Smart Metering Production by Type (2018-2029)

5.1.1 Global Smart Metering Production by Type (2018-2023)

5.1.2 Global Smart Metering Production by Type (2024-2029)

5.1.3 Global Smart Metering Production Market Share by Type (2018-2029)

5.2 Global Smart Metering Production Value by Type (2018-2029)

5.2.1 Global Smart Metering Production Value by Type (2018-2023)

5.2.2 Global Smart Metering Production Value by Type (2024-2029)

5.2.3 Global Smart Metering Production Value Market Share by Type (2018-2029)

5.3 Global Smart Metering Price by Type (2018-2029)

6.1 Global Smart Metering Production by Application (2018-2029)

6.1.1 Global Smart Metering Production by Application (2018-2023)

6.1.2 Global Smart Metering Production by Application (2024-2029)

6.1.3 Global Smart Metering Production Market Share by Application (2018-2029)

6.2 Global Smart Metering Production Value by Application (2018-2029)

6.2.1 Global Smart Metering Production Value by Application (2018-2023)

6.2.2 Global Smart Metering Production Value by Application (2024-2029)

6.2.3 Global Smart Metering Production Value Market Share by Application (2018-2029)

6.3 Global Smart Metering Price by Application (2018-2029)

7.1 Itron (US)

7.1.1 Itron (US) Smart Metering Corporation Information

7.1.2 Itron (US) Smart Metering Product Portfolio

7.1.3 Itron (US) Smart Metering Production, Value, Price and Gross Margin (2018-2023)

7.1.4 Itron (US) Main Business and Markets Served

7.1.5 Itron (US) Recent Developments/Updates

7.2 Kamstrup (Denmark)

7.2.1 Kamstrup (Denmark) Smart Metering Corporation Information

7.2.2 Kamstrup (Denmark) Smart Metering Product Portfolio

7.2.3 Kamstrup (Denmark) Smart Metering Production, Value, Price and Gross Margin (2018-2023)

7.2.4 Kamstrup (Denmark) Main Business and Markets Served

7.2.5 Kamstrup (Denmark) Recent Developments/Updates

7.3 Holley Metering (China)

7.3.1 Holley Metering (China) Smart Metering Corporation Information

7.3.2 Holley Metering (China) Smart Metering Product Portfolio

7.3.3 Holley Metering (China) Smart Metering Production, Value, Price and Gross Margin (2018-2023)

7.3.4 Holley Metering (China) Main Business and Markets Served

7.3.5 Holley Metering (China) Recent Developments/Updates

7.4 Honeywell (US)

7.4.1 Honeywell (US) Smart Metering Corporation Information

7.4.2 Honeywell (US) Smart Metering Product Portfolio

7.4.3 Honeywell (US) Smart Metering Production, Value, Price and Gross Margin (2018-2023)

7.4.4 Honeywell (US) Main Business and Markets Served

7.4.5 Honeywell (US) Recent Developments/Updates

7.5 Toshiba (Japan)

7.5.1 Toshiba (Japan) Smart Metering Corporation Information

7.5.2 Toshiba (Japan) Smart Metering Product Portfolio

7.5.3 Toshiba (Japan) Smart Metering Production, Value, Price and Gross Margin (2018-2023)

7.5.4 Toshiba (Japan) Main Business and Markets Served

7.5.5 Toshiba (Japan) Recent Developments/Updates

8.1 Smart Metering Industry Chain Analysis

8.2 Smart Metering Key Raw Materials

8.2.1 Key Raw Materials

8.2.2 Raw Materials Key Suppliers

8.3 Smart Metering Production Mode & Process

8.4 Smart Metering Sales and Marketing

8.4.1 Smart Metering Sales Channels

8.4.2 Smart Metering Distributors

8.5 Smart Metering Customers

9.1 Smart Metering Industry Trends

9.2 Smart Metering Market Drivers

9.3 Smart Metering Market Challenges

9.4 Smart Metering Market Restraints

11.1 Methodology/Research Approach

11.1.1 Research Programs/Design

11.1.2 Market Size Estimation

11.1.3 Market Breakdown and Data Triangulation

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Author List

11.4 Disclaimer

List of Tables

    Table 1. Global Smart Metering Market Value by Type, (US$ Million) & (2022 VS 2029)

    Table 2. Global Smart Metering Market Value by Application, (US$ Million) & (2022 VS 2029)

    Table 3. Global Smart Metering Production Capacity (Units) by Manufacturers in 2022

    Table 4. Global Smart Metering Production by Manufacturers (2018-2023) & (Units)

    Table 5. Global Smart Metering Production Market Share by Manufacturers (2018-2023)

    Table 6. Global Smart Metering Production Value by Manufacturers (2018-2023) & (US$ Million)

    Table 7. Global Smart Metering Production Value Share by Manufacturers (2018-2023)

    Table 8. Global Smart Metering Industry Ranking 2021 VS 2022 VS 2023

    Table 9. Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Smart Metering as of 2022)

    Table 10. Global Market Smart Metering Average Price by Manufacturers (USD/Unit) & (2018-2023)

    Table 11. Manufacturers Smart Metering Production Sites and Area Served

    Table 12. Manufacturers Smart Metering Product Types

    Table 13. Global Smart Metering Manufacturers Market Concentration Ratio (CR5 and HHI)

    Table 14. Mergers & Acquisitions, Expansion

    Table 15. Global Smart Metering Production Value by Region: 2018 VS 2022 VS 2029 (US$ Million)

    Table 16. Global Smart Metering Production Value (US$ Million) by Region (2018-2023)

    Table 17. Global Smart Metering Production Value Market Share by Region (2018-2023)

    Table 18. Global Smart Metering Production Value (US$ Million) Forecast by Region (2024-2029)

    Table 19. Global Smart Metering Production Value Market Share Forecast by Region (2024-2029)

    Table 20. Global Smart Metering Production Comparison by Region: 2018 VS 2022 VS 2029 (Units)

    Table 21. Global Smart Metering Production (Units) by Region (2018-2023)

    Table 22. Global Smart Metering Production Market Share by Region (2018-2023)

    Table 23. Global Smart Metering Production (Units) Forecast by Region (2024-2029)

    Table 24. Global Smart Metering Production Market Share Forecast by Region (2024-2029)

    Table 25. Global Smart Metering Market Average Price (USD/Unit) by Region (2018-2023)

    Table 26. Global Smart Metering Market Average Price (USD/Unit) by Region (2024-2029)

    Table 27. Global Smart Metering Consumption Growth Rate by Region: 2018 VS 2022 VS 2029 (Units)

    Table 28. Global Smart Metering Consumption by Region (2018-2023) & (Units)

    Table 29. Global Smart Metering Consumption Market Share by Region (2018-2023)

    Table 30. Global Smart Metering Forecasted Consumption by Region (2024-2029) & (Units)

    Table 31. Global Smart Metering Forecasted Consumption Market Share by Region (2018-2023)

    Table 32. North America Smart Metering Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (Units)

    Table 33. North America Smart Metering Consumption by Country (2018-2023) & (Units)

    Table 34. North America Smart Metering Consumption by Country (2024-2029) & (Units)

    Table 35. Europe Smart Metering Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (Units)

    Table 36. Europe Smart Metering Consumption by Country (2018-2023) & (Units)

    Table 37. Europe Smart Metering Consumption by Country (2024-2029) & (Units)

    Table 38. Asia Pacific Smart Metering Consumption Growth Rate by Region: 2018 VS 2022 VS 2029 (Units)

    Table 39. Asia Pacific Smart Metering Consumption by Region (2018-2023) & (Units)

    Table 40. Asia Pacific Smart Metering Consumption by Region (2024-2029) & (Units)

    Table 41. Latin America, Middle East & Africa Smart Metering Consumption Growth Rate by Country: 2018 VS 2022 VS 2029 (Units)

    Table 42. Latin America, Middle East & Africa Smart Metering Consumption by Country (2018-2023) & (Units)

    Table 43. Latin America, Middle East & Africa Smart Metering Consumption by Country (2024-2029) & (Units)

    Table 44. Global Smart Metering Production (Units) by Type (2018-2023)

    Table 45. Global Smart Metering Production (Units) by Type (2024-2029)

    Table 46. Global Smart Metering Production Market Share by Type (2018-2023)

    Table 47. Global Smart Metering Production Market Share by Type (2024-2029)

    Table 48. Global Smart Metering Production Value (US$ Million) by Type (2018-2023)

    Table 49. Global Smart Metering Production Value (US$ Million) by Type (2024-2029)

    Table 50. Global Smart Metering Production Value Share by Type (2018-2023)

    Table 51. Global Smart Metering Production Value Share by Type (2024-2029)

    Table 52. Global Smart Metering Price (USD/Unit) by Type (2018-2023)

    Table 53. Global Smart Metering Price (USD/Unit) by Type (2024-2029)

    Table 54. Global Smart Metering Production (Units) by Application (2018-2023)

    Table 55. Global Smart Metering Production (Units) by Application (2024-2029)

    Table 56. Global Smart Metering Production Market Share by Application (2018-2023)

    Table 57. Global Smart Metering Production Market Share by Application (2024-2029)

    Table 58. Global Smart Metering Production Value (US$ Million) by Application (2018-2023)

    Table 59. Global Smart Metering Production Value (US$ Million) by Application (2024-2029)

    Table 60. Global Smart Metering Production Value Share by Application (2018-2023)

    Table 61. Global Smart Metering Production Value Share by Application (2024-2029)

    Table 62. Global Smart Metering Price (USD/Unit) by Application (2018-2023)

    Table 63. Global Smart Metering Price (USD/Unit) by Application (2024-2029)

    Table 64. Itron (US) Smart Metering Corporation Information

    Table 65. Itron (US) Specification and Application

    Table 66. Itron (US) Smart Metering Production (Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2018-2023)

    Table 67. Itron (US) Main Business and Markets Served

    Table 68. Itron (US) Recent Developments/Updates

    Table 69. Kamstrup (Denmark) Smart Metering Corporation Information

    Table 70. Kamstrup (Denmark) Specification and Application

    Table 71. Kamstrup (Denmark) Smart Metering Production (Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2018-2023)

    Table 72. Kamstrup (Denmark) Main Business and Markets Served

    Table 73. Kamstrup (Denmark) Recent Developments/Updates

    Table 74. Holley Metering (China) Smart Metering Corporation Information

    Table 75. Holley Metering (China) Specification and Application

    Table 76. Holley Metering (China) Smart Metering Production (Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2018-2023)

    Table 77. Holley Metering (China) Main Business and Markets Served

    Table 78. Holley Metering (China) Recent Developments/Updates

    Table 79. Honeywell (US) Smart Metering Corporation Information

    Table 80. Honeywell (US) Specification and Application

    Table 81. Honeywell (US) Smart Metering Production (Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2018-2023)

    Table 82. Honeywell (US) Main Business and Markets Served

    Table 83. Honeywell (US) Recent Developments/Updates

    Table 84. Toshiba (Japan) Smart Metering Corporation Information

    Table 85. Toshiba (Japan) Specification and Application

    Table 86. Toshiba (Japan) Smart Metering Production (Units), Value (US$ Million), Price (USD/Unit) and Gross Margin (2018-2023)

    Table 87. Toshiba (Japan) Main Business and Markets Served

    Table 88. Toshiba (Japan) Recent Developments/Updates

    Table 89. Key Raw Materials Lists

    Table 90. Raw Materials Key Suppliers Lists

    Table 91. Smart Metering Distributors List

    Table 92. Smart Metering Customers List

    Table 93. Smart Metering Market Trends

    Table 94. Smart Metering Market Drivers

    Table 95. Smart Metering Market Challenges

    Table 96. Smart Metering Market Restraints

    Table 97. Research Programs/Design for This Report

    Table 98. Key Data Information from Secondary Sources

    Table 99. Key Data Information from Primary Sources

List of Figures

    Figure 1. Product Picture of Smart Metering

    Figure 2. Global Smart Metering Market Value by Type, (US$ Million) & (2022 VS 2029)

    Figure 3. Global Smart Metering Market Share by Type: 2022 VS 2029

    Figure 4. Smart Energy Meters Product Picture

    Figure 5. Smart Water Meters Product Picture

    Figure 6. Smart Gas Meters Product Picture

    Figure 7. Global Smart Metering Market Value by Application, (US$ Million) & (2022 VS 2029)

    Figure 8. Global Smart Metering Market Share by Application: 2022 VS 2029

    Figure 9. Industrial

    Figure 10. Commercial

    Figure 11. Residential

    Figure 12. Global Smart Metering Production Value (US$ Million), 2018 VS 2022 VS 2029

    Figure 13. Global Smart Metering Production Value (US$ Million) & (2018-2029)

    Figure 14. Global Smart Metering Production (Units) & (2018-2029)

    Figure 15. Global Smart Metering Average Price (USD/Unit) & (2018-2029)

    Figure 16. Smart Metering Report Years Considered

    Figure 17. Smart Metering Production Share by Manufacturers in 2022

    Figure 18. Smart Metering Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2018 VS 2022

    Figure 19. The Global 5 and 10 Largest Players: Market Share by Smart Metering Revenue in 2022

    Figure 20. Global Smart Metering Production Value by Region: 2018 VS 2022 VS 2029 (US$ Million)

    Figure 21. Global Smart Metering Production Value Market Share by Region: 2018 VS 2022 VS 2029

    Figure 22. Global Smart Metering Production Comparison by Region: 2018 VS 2022 VS 2029 (Units)

    Figure 23. Global Smart Metering Production Market Share by Region: 2018 VS 2022 VS 2029

    Figure 24. North America Smart Metering Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 25. Europe Smart Metering Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 26. China Smart Metering Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 27. Japan Smart Metering Production Value (US$ Million) Growth Rate (2018-2029)

    Figure 28. Global Smart Metering Consumption by Region: 2018 VS 2022 VS 2029 (Units)

    Figure 29. Global Smart Metering Consumption Market Share by Region: 2018 VS 2022 VS 2029

    Figure 30. North America Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 31. North America Smart Metering Consumption Market Share by Country (2018-2029)

    Figure 32. Canada Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 33. U.S. Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 34. Europe Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 35. Europe Smart Metering Consumption Market Share by Country (2018-2029)

    Figure 36. Germany Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 37. France Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 38. U.K. Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 39. Italy Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 40. Russia Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 41. Asia Pacific Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 42. Asia Pacific Smart Metering Consumption Market Share by Regions (2018-2029)

    Figure 43. China Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 44. Japan Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 45. South Korea Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 46. China Taiwan Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 47. Southeast Asia Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 48. India Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 49. Latin America, Middle East & Africa Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 50. Latin America, Middle East & Africa Smart Metering Consumption Market Share by Country (2018-2029)

    Figure 51. Mexico Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 52. Brazil Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 53. Turkey Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 54. GCC Countries Smart Metering Consumption and Growth Rate (2018-2023) & (Units)

    Figure 55. Global Production Market Share of Smart Metering by Type (2018-2029)

    Figure 56. Global Production Value Market Share of Smart Metering by Type (2018-2029)

    Figure 57. Global Smart Metering Price (USD/Unit) by Type (2018-2029)

    Figure 58. Global Production Market Share of Smart Metering by Application (2018-2029)

    Figure 59. Global Production Value Market Share of Smart Metering by Application (2018-2029)

    Figure 60. Global Smart Metering Price (USD/Unit) by Application (2018-2029)

    Figure 61. Smart Metering Value Chain

    Figure 62. Smart Metering Production Process

    Figure 63. Channels of Distribution (Direct Vs Distribution)

    Figure 64. Distributors Profiles

    Figure 65. Bottom-up and Top-down Approaches for This Report

    Figure 66. Data Triangulation