스마트 미터 시장 규모와 예측(2021-2031년) : 세계 및 지역 점유율, 동향, 성장 기회 분석 리포트 - 유형별, 기술별, 최종사용자별, 지역별

The Smart meter market size was valued at US$ 49.24 billion in 2024 and is projected to reach US$ 26.21 billion by 2031; it is expected to register a CAGR of 9.8% from 2025 to 2031.

The US has emerged as a global frontrunner in smart meter deployment, propelled by strong federal backing, utility-driven grid modernization programs, and proactive state-level policies. This widespread adoption reflects a national commitment to enhancing energy efficiency, improving grid reliability, and enabling more responsive energy management. In August 2024, Iberdrola, through its US subsidiary Avangrid, is advancing its role in modernizing the country's energy infrastructure and supporting the energy transition by deploying over 700,000 smart meters for electricity and gas customers in New York State. This initiative enables more accurate, real-time consumption data, moving away from estimated readings and enhancing grid efficiency. The smart meters-installed for customers of New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E)-facilitate wireless communication with utilities, improving outage detection and response capabilities and aligning with Iberdrola's broader commitment to sustainable energy development.

In January 2023, the German government approved a draft of legislation aimed at revitalizing the digitalization of the energy transition and expediting the nationwide rollout of smart meters. Effective from Spring 2023, the law facilitates the immediate launch of large-scale smart meter deployments, with mandatory implementation beginning in 2025. It also outlines a clear roadmap with legally binding milestones, targeting near-complete adoption by 2030. This new act is designed to significantly accelerate the rollout of smart meters and elevate the digital infrastructure essential for a modern energy system. Smart meters are a critical enabler of a low-emissions energy future, providing the digital backbone needed to manage variable energy demand and intermittent renewable generation effectively. Furthermore, in 2022, Italy emerged as the market leader in smart meter deployment, installing ~2.6 million units within the year. As of May 2024, the country successfully concluded its first-generation smart meter rollout, reaching a total of 36.2 million installed devices. Progress on the second-generation rollout has also been substantial, with 30.2 million units deployed-representing 82% completion. This reflects Italy's strong commitment to modernizing its energy infrastructure through advanced metering technology.

Some of the key players operating in the Smart meter market are J Landis+Gyr; Schneider Electric; Itron, Inc.; Xylem (Sensus); Sagemcom; Hubbell; ZENNER International GmbH & Co. KG; Honeywell International; BOVE Technology; and Siemens AG. These players offer innovative products at affordable prices that attract a large number of consumers, opening new opportunities for them in the coming years.

The overall Smart meter market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the Smart meter market.

Table Of Contents

1. Introduction

• 1.1 Scope of the Study
• 1.2 Market Definition, Assumptions and Limitations
• 1.3 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness Analysis

3. Research Methodology

4. Smart Meter Market Landscape

• 4.1 Overview
• 4.2 PEST Analysis
• 4.3 Impact of Trump's Reciprocal Tariffs
• 4.4 Ecosystem Analysis
  • 4.4.1 List of Vendors in the Value Chain

5. Smart Meter Market - Key Market Dynamics

• 5.1 Key Market Drivers
• 5.2 Key Market Restraints
• 5.3 Key Market Opportunities
• 5.4 Future Trends
• 5.5 Impact Analysis of Drivers and Restraints

6. Smart Meter Market - Global Market Analysis

• 6.1 Smart Meter - Global Market Overview
• 6.2 Smart Meter - Global Market and Forecast to 2031

7. Smart Meter Market - Revenue Analysis (USD Million) - By Type, 2020-2031

• 7.1 Overview
• 7.2 Smart Electric Meter
• 7.3 Smart Water Meter
• 7.4 Smart Gas Meter

8. Smart Meter Market - Revenue Analysis (USD Million) - By Technology, 2020-2031

• 8.1 Overview
• 8.2 Automated Meter Reading
• 8.3 Advanced Metering Infrastructure

9. Smart Meter Market - Revenue Analysis (USD Million) - By End User, 2020-2031

• 9.1 Overview
• 9.2 Residential
• 9.3 Commercial
• 9.4 Industrial

10. Smart Meter Market - Revenue Analysis (USD Million), 2020-2031 - Geographical Analysis

• 10.1 North America
  • 10.1.1 North America Smart Meter Market Overview
  • 10.1.2 North America Smart Meter Market Revenue and Forecasts to 2031
  • 10.1.3 North America Smart Meter Market Revenue and Forecasts and Analysis - By Type
  • 10.1.4 North America Smart Meter Market Revenue and Forecasts and Analysis - By Technology
  • 10.1.5 North America Smart Meter Market Revenue and Forecasts and Analysis - By End User
  • 10.1.6 North America Smart Meter Market Revenue and Forecasts and Analysis - By Countries
    • 10.1.6.1 United States Smart Meter Market
      • 10.1.6.1.1 United States Smart Meter Market, by Type
      • 10.1.6.1.2 United States Smart Meter Market, by Technology
      • 10.1.6.1.3 United States Smart Meter Market, by End User
    • 10.1.6.2 Canada Smart Meter Market
      • 10.1.6.2.1 Canada Smart Meter Market, by Type
      • 10.1.6.2.2 Canada Smart Meter Market, by Technology
      • 10.1.6.2.3 Canada Smart Meter Market, by End User
    • 10.1.6.3 Mexico Smart Meter Market
      • 10.1.6.3.1 Mexico Smart Meter Market, by Type
      • 10.1.6.3.2 Mexico Smart Meter Market, by Technology
      • 10.1.6.3.3 Mexico Smart Meter Market, by End User
• 10.2 Europe
  • 10.2.1 Germany
  • 10.2.2 France
  • 10.2.3 Italy
  • 10.2.4 United Kingdom
  • 10.2.5 Russia
  • 10.2.6 Rest of Europe
• 10.3 Asia-Pacific
  • 10.3.1 Australia
  • 10.3.2 China
  • 10.3.3 India
  • 10.3.4 Japan
  • 10.3.5 South Korea
  • 10.3.6 Rest of Asia-Pacific
• 10.4 Middle East and Africa
  • 10.4.1 South Africa
  • 10.4.2 Saudi Arabia
  • 10.4.3 U.A.E
  • 10.4.4 Rest of Middle East and Africa
• 10.5 South and Central America
  • 10.5.1 Brazil
  • 10.5.2 Argentina
  • 10.5.3 Rest of South and Central America

11. Industry Landscape

• 11.1 Mergers and Acquisitions
• 11.2 Agreements, Collaborations, Joint Ventures
• 11.3 New Product Launches
• 11.4 Expansions and Other Strategic Developments

12. Competitive Landscape

• 12.1 Heat Map Analysis by Key Players
• 12.2 Company Market Share Analysis, 2024

13. Smart Meter Market - Key Company Profiles

• 13.1 Landis+Gyr Group AG
  • 13.1.1 Key Facts
  • 13.1.2 Business Description
  • 13.1.3 Products and Services
  • 13.1.4 Financial Overview
  • 13.1.5 SWOT Analysis
  • 13.1.6 Key Developments
• 13.2 Siemens AG
• 13.3 Honeywell International Inc
• 13.4 Hubbell Inc
• 13.5 Schneider Electric SE
• 13.6 Itron Inc
• 13.7 BOVE Technology
• 13.8 ZENNER International GmbH and Co. KG
• 13.9 Xylem Inc.
• 13.10 Sagemcom UK Ltd

14. Appendix

• 14.1 Glossary
• 14.2 Meet Our Analysts
• 14.3 About The Insight Partners
• 14.4 Market Intelligence Cloud