Global Smart Meter Market Tracker
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About the product
The Global Smart Meter Market Tracker provides detailed information on smart meters by type, connectivity technology, and each country’s penetration rate for electricity, gas, and water meters from 2020 to 2030. The report offers a valuable resource for hardware vendors, connectivity service providers, system integrators, cloud service providers, and software platform vendors seeking market insights into the smart meter industry.
The report offers valuable insights into the smart meter industry and answers important questions for executives, product managers, marketers, and consultants involved in utility digital transformation programs.
Smart meter market
The global install base of smart meters has seen significant growth, with smart electricity meters making up the majority of all smart meters. Gas and water meters also contribute to this growth, albeit at a smaller scale. By the end of this decade, the number of installed smart meters is expected to increase significantly.
By the end of 2024, it’s estimated that half of all electricity metering points globally will use a smart meter. This number is expected to exceed two-thirds by the end of 2030. The growth of the smart meter market, particularly for electricity, is largely driven by regulatory policy mandates and financial incentives from regional governments.
Definitions
Smart Meter
An electronic device used in measurement systems deployed by Utility Service Providers (USP) to gauge various parameters in distributing electricity, gas, and water to consumers. Smart meters are part of the USPs Automated Metering Infrastructure (AMI) systems, which leverages bi-directional communication that allows utility head end systems to collect data and communicate with the smart meters.
Installed base
Cumulative smart meter installations. The installed base of currently active connected smart meters covering residential, commercial, and industrial metering points.
Penetration
Smart meter adoption as a share of the total number of metering points that includes residential, commercial, and industrial metering points.
Table of contents
Global Smart Meter Market Tracker (EXCEL)
- Overview
- Table of Contents
- Methodology
- Insights & Forecast Rationale
- Main Data – Installed Base, Shipments, Revenues
- Penetration Data – Smart Meter Adoption by Country
- Flat File – Main Data
- Flat File – Penetration Data
Included data
Slice and dice the data according to your requirements.
Smart meter installed base, revenue, penetration, and shipments (nested database)
Smart meter device types: electricity, gas, water
Period: 2020-2023 actuals and 2024-2030 forecast
Connectivity technologies: cellular, fixed RF, non-cellular LPWA, Powerline Communication (PLC)
Connectivity technologies sub-variants: 2G, 3G, 4G, 5G, fixed RF, LPWA-Dual Mode, LTE Cat 1, LTE Cat 1 Bis, LTE-M, NB-IoT, non-cellular LPWA, PLC
Regions: Asia Pacific, Europe, Latin America, Middle East & Africa, North America –> Countries see below
Questions answered
Questions that can be addressed using this market tracker.
What is the current and future install base of smart meters (electricity, gas, and water) by country and region?
What is the penetration rate of smart meters by country, and the growth over the forecast period?
What is the dominant connectivity network technology for smart meters to communicate with utility’s head-end systems?
What is the impact of cellular networks and cellular technology variants in connecting smart meters in different countries?
Are there any changes in connectivity network technology over the forecast period (2024-2030)?
What is the impact of the Low-power Wide Area Network (LPWAN) in connecting smart meters?
What are the annual revenue estimates of smart meters shipped and installed by utilities?
Where are the potential growth opportunities for smart meters in key regions?
Countries included
Australia
Austria
Belgium
Brazil
Canada
Chile
China
Croatia
Czechia
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
India
Indonesia
Iran
Ireland
Italy
Japan
Latvia
Lithuania
Luxembourg
Malta
Mexico
Netherlands
Norway
Poland
Portugal
Rest of Asia Pacific
Rest of Europe
Rest of Latin America
Rest of MEA
Romania
Russia
Saudi Arabia
Singapore
Slovakia
Slovenia
South Africa
South Korea
Spain
Sweden
Turkey
UAE
United Kingdom
United States of America
Uruguay
Related reading
Smart electricity meter market 2024: Global adoption landscape article was recently published based on insights from this report.
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