Learn about the global smart electric meter market through The Business Research Company, which provides information on smart electric meter market size, smart electric meter market drivers and restraints, smart electric meter market players, the COVID-19 impact on the smart electric meter market, and more.

The global smart electric meter market is expected to grow from $18.44 billion in 2021 to $20.51 billion in 2022 at a compound annual growth rate (CAGR) of 11.22%. The global smart electric meter market size is expected to reach $29.29 billion in 2026 at a CAGR of 9.32%.

Increasing power demand across the globe is expected to drive the smart electric meter market

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The smart electric meter market consists of sales of smart electric meters by entities (organizations, sole traders, and partnerships) that refer to an electronic device that records information such as consumption of electric energy, voltage levels, current, and power factor. Smart electric meters capture more data more frequently than analogue meters and send the information to a central database for billing, troubleshooting, and other diagnostic activities. In most commercial and industrial settings, advanced smart electric meters with integrated data processing and built-in two-way communication can instantly capture and send energy data.

Global Smart Electric Meter Market Segments Include:
By Type: Advanced Metering Infrastructure, Auto Meter Reading

By Phase: Single, Three

By Communication Technology: Power Line Communication, Radio Frequency, Cellular

By Application: Residential, Commercial, Utility

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global smart electric meter market in 2021.

Technological advancement is a key trend gaining popularity in the smart electric meter market. The companies operating in the smart electric meters sector are focusing on developing innovative products with advanced communication technologies such as cellular IoT, RF-mesh-based meter technology and others to increase their operational capabilities and efficiency.

TBRC’s Smart Electric Meter Market Report Covers:

Major Market Players: Itron Inc, Landis+Gyr, Schneider Electric, Siemens, Honeywell International Inc, Wasion Group, Aclara Technologies, Sensus USA Inc (XYLEM INC), Jiangsu Linyang Energy Co Ltd, General Electric, Holley Technology Ltd, ABB Ltd, EDMI Limited, Elster Group GmbH, Microchip Technology Inc, Badger Meter, and OSAKI Electric Co Ltd.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Smart Electric Meter Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides smart electric meter market overviews, analyzes and forecasts market size, share, smart electric meter market players, smart electric meter market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s smart electric meter market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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