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Smart Meters Market Share

Report ID: GMI1180
Published Date: Jul 2024
Report Format: PDF

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Smart Meters Market Share

Companies such as Schneider Electric, ABB, and Siemens command a significant share of the smart meters industry, thanks to their extensive expertise in energy management and automation technologies. Their strong global presence, innovative product offerings, and robust R&D capabilities empower them to deliver advanced, reliable, and integrated smart metering solutions.

Smart Meters Market Companies

Eminent players operating in the smart meters industry include:

Apator SA
ABB
AEM
Aclara Technologies LLC
ARAD Group
B Meters Metering Solutions
Badger Meter, Inc.
Chint Group
General Electric
Honeywell International, Inc.
Itron, Inc.
Iskraemeco Group
Kamstrup
Larsen & Toubro Limited
Lindsy
Ningbo Water Meter Co., Ltd.
Osaki Electric Co., Ltd.
Raychem RPG Private Limited
Schneider Electric SE
Siemens
Sensus
Sontex SA
Wasion Group

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The market size of smart meters was worth over USD 24.5 billion in 2023 and will grow at 15.1% CAGR through 2032, on account of rising number of government initiatives and regulatory mandates.

The residential segment in the smart meters market is expected to cross USD 40 billion by 2032, as many governments worldwide are implementing policies and regulations to promote the adoption of smart meters.

Asia Pacific smart meters market is anticipated to surpass USD 43.5 billion by 2032, on account of growing rapid urbanization, leading to the development of numerous smart city projects.

ABB, AEM, Aclara Technologies LLC, ARAD Group, B Meters Metering Solutions, Badger Meter, Inc., Chint Group, General Electric, and Honeywell International Inc among others.