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Smart Electric Meter Market Share

Report ID: GMI1503
Published Date: Jun 2024
Report Format: PDF

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Smart Electric Meter Market Share

Smart Electric Meter Company Market Share Analysis, 2023

Companies like Schneider Electric, ABB, and Siemens hold significant market share in the smart electric meter industry due to their extensive experience, robust technological capabilities, and comprehensive product portfolios. They offer advanced, integrated solutions that include smart meters, grid management systems, and data analytics tools, meeting diverse customer needs.

Smart Electric Meter Market Companies

Eminent players operating in the smart electric meter industry include:

Advanced Electronics Company (AEC)
Aclara Technologies LLC
Apator SA
Cisco Systems, Inc.
Ciructor
CyanConnode
General Electric
Honeywell International Inc.
Iskraemeco Group
Itron Inc.
Kamstrup
Larsen & Toubro Limited
Mitsubishi Electric Corporation
Osaki Electric Co., Ltd.
Sensus
Schneider Electric
Siemens
Trinity Energy Systems Pvt. Ltd.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of smart electric meter was worth over USD 15.6 billion in 2023 and will grow at 9.8% CAGR between 2024 and 2032, propelled by increasing emphasis on energy efficiency and sustainability along with government regulations mandating the deployment of smart grid technologies.

Smart electric meter industry from the residential segment will garner USD 18.4 billion by 2032, due to increasing urbanization and rising household energy consumption.

Asia Pacific smart electric meter industry size will reach USD 27 billion by 2032, owing to rapid urbanization, population growth, and government initiatives promoting energy efficiency.

Some of the leading smart electric meter industry players include General Electric, Honeywell International Inc., Iskraemeco Group, Itron Inc., Kamstrup, Larsen & Toubro Limited, Mitsubishi Electric Corporation, Osaki Electric Co., Ltd., Sensus, Schneider Electric, and Siemens, among others.