How big is the Smart Electricity Meter Market?

The Smart Electricity Meter Market size is expected to reach 99.34 million units in 2024 and grow at a CAGR of 5.46% to reach 129.59 million units by 2029. Read More

What is the current Smart Electricity Meter Market size?

In 2024, the Smart Electricity Meter Market size is expected to reach 99.34 million units. Read More

Who are the key players in Smart Electricity Meter Market?

Itron, Inc., Sensus USA Inc. (XYLEM INC), Sagemcom SAS, Wasion Group Limited and Landis+gyr Group AG are the major companies operating in the Smart Electricity Meter Market. Read More

Which is the fastest growing region in Smart Electricity Meter Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Smart Electricity Meter Market?

In 2024, the North America accounts for the largest market share in Smart Electricity Meter Market. Read More

What years does this Smart Electricity Meter Market cover, and what was the market size in 2023?

In 2023, the Smart Electricity Meter Market size was estimated at 94.20 million units. The report covers the Smart Electricity Meter Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Electricity Meter Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Smart Electricity Meter Market Share

Statistics for the 2023 & 2024 Smart Electricity Meter market share, created by Mordor Intelligence™ Industry Reports. Smart Electricity Meter share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Smart Electricity Meter Industry

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).