Smart Electricity Meter Market Research, 2033
The global smart electricity meter market size was valued at $17.7 billion in 2023, and is projected to reach $34.3 billion by 2033, growing at a CAGR of 6.9% from 2024 to 2033.
Market Introduction and Definition
A smart electricity meter is an advanced energy metering device that records electricity consumption in real-time or near-real-time and transmits this data to utility companies through communication networks. As compared to traditional meters that require manual readings, smart meters automatically send usage data, typically at intervals ranging from every 15 minutes to every hour, providing both consumers and utilities with detailed insights into energy consumption patterns.
Key Takeaways
- The smart electricity meter market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Billion) for the projected period 2023-2033.
- More than 1,500 product literatures, industry releases, annual reports, and other such documents of major smart electricity meter industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Market Segments
- By Phase Type
- By End-Use Industry
- Residential
- Commercial
- Industrial
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Itron Inc
- Siemens
- Honeywell International Inc
- Schneider Electric
- Apator S.A
- Tantalus Systems
- Hubbell
- Jiangsu Linyang Energy Co
- Xylem Inc.