Rising Demand for Energy Efficiency and Government Initiatives and Regulations are driving the growth of the Smart Electricity Meter Market at a CAGR of 7.02% during the forecast period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Smart Electricity Meter Market” that contains the information from 2019 to 2035.

The Global Smart Electricity Meter Market is estimated to register a CAGR of 7.02% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Smart Electricity Meter Market — include Lufthansa Group, Xylem Inc, Itron, Honeywell, Kamstrup, Networked Energy Services, Siemens, Schneider Electric, Landis+Gyr, Hubbell Incorporated, Osaki Electric Co., Ltd are among others.

The Global Smart Electricity Meter Market is accounted for to register a CAGR of 7.02% during the forecast period and is estimated to reach USD 22,651.44 million by 2035.

The rising demand for energy efficiency is one of the primary drivers behind the global smart electricity meter market. As countries worldwide focus on reducing energy consumption and carbon emissions to meet climate goals, both consumers and utility companies are seeking innovative solutions that can optimize energy use. Smart meters, which provide real-time data on energy consumption, are seen as a key tool in achieving this objective. These meters allow for a better understanding of energy usage patterns, offering consumers insights that can help them make informed decisions about reducing wastage, shifting usage to off-peak hours, and adopting more energy-efficient appliances.

Smart meters also enable utilities to implement more dynamic pricing models, which reward consumers for using energy during times of low demand and penalize them during peak times. This incentivizes energy conservation and contributes to more efficient grid management. For example, in the United States, many electric utility companies have rolled out smart meters to allow for time-of-use (TOU) pricing, where consumers are charged different rates based on the time of day. This encourages users to shift their energy-heavy activities, such as running dishwashers or washing machines, to off-peak hours, ultimately reducing strain on the grid and fostering more efficient energy consumption. The widespread adoption of such systems promotes better energy management at both the individual and national levels.

Additionally, the integration of smart meters with the Internet of Things (IoT) is transforming the way energy is monitored and consumed. With the data collected by smart meters, utilities can use advanced analytics to predict demand, detect inefficiencies, and identify faults in real-time, allowing for quicker maintenance and reducing energy losses. For example, in the European Union, several countries have adopted smart meter systems as part of their broader "Smart Grid" initiatives. These systems allow for better communication between energy providers and consumers, improving operational efficiency and supporting the transition to renewable energy sources by accommodating variable energy inputs like solar or wind power.

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Segmental Analysis

The Global Smart Electricity Meter Market has been segmented based on By Phase, By Technology and By End User.

Based on by Phase, this segment includes Single Phase and Three Phase The Single-Phase segment dominated the global market in 2024, while the Three Phase is projected to be the fastest–growing segment during the forecast period. A single-phase smart electricity meter is designed for residential and light commercial applications, where electricity is typically supplied through a single-phase power system. This type of meter is most used in homes and small businesses, as it can measure the electrical consumption of appliances and devices that operate on single-phase power. Single-phase meters are widely used due to their simplicity, cost-effectiveness, and ease of installation.

Based on By Technology, this segment includes Smart Grid, Wireless Communication, Automatic Meter Reading and Advanced Metering Infrastructure. The Advanced Metering Infrastructure segment dominated the global market in 2024, while the Wireless Communication is projected to be the fastest–growing segment during the forecast period. Advanced Metering Infrastructure (AMI) is a more sophisticated version of AMR that not only enables remote meter reading but also provides a comprehensive system for monitoring, managing, and analyzing energy usage data in real time. AMI includes a network of smart meters, communication networks, and data management systems that allow utilities to collect detailed information about energy consumption, voltage levels, and other factors that impact the grid.

Based on End Users, this segment includes Residential, Industrial, Commercial, Utility Providers. The Residential segment dominated the global market in 2024, while the Utility Providers is projected to be the fastest–growing segment during the forecast period. The residential segment of the global smart electricity meter market refers to the adoption and installation of smart meters in homes and apartments. These meters are designed to monitor and record electricity consumption in real-time, providing households with detailed insights into their energy usage patterns. Based on Providers This segment includes Airlines and Third-Party Companies. An airline lounge is a premium, exclusive area within an airport terminal that offers a more comfortable and convenient experience for passengers, often with complimentary amenities like food, drinks, and Wi-Fi, accessible to those flying business/first class or through various memberships and partnerships.

Regional Analysis

Geographically, the Global Smart Electricity Meter Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is a significant region in the global smart electricity meter market, driven by strong adoption rates of advanced metering infrastructure (AMI) and government incentives promoting energy efficiency and sustainability. The United States leads the market, with utilities actively deploying smart meters across residential, commercial, and industrial sectors. These meters help improve grid reliability, reduce energy theft, and enhance customer engagement through real-time data on energy consumption. Policies at the federal and state levels, such as the U.S. Energy Policy Act and state mandates, have encouraged utilities to adopt smart grid technologies, further driving the demand for smart electricity meters in the region.

Europe has witnessed rapid growth in the adoption of smart electricity meters, spurred by the European Union's aggressive goals for reducing carbon emissions and increasing energy efficiency. Several countries, including the UK, Germany, France, and Spain, are at the forefront of smart meter deployments, with some countries implementing national rollouts. The European Commission’s directives for energy efficiency and renewable energy integration have further pushed utilities to modernize infrastructure, including the widespread use of smart meters.

The Asia Pacific region is expected to experience the fastest growth in the global smart electricity meter market. The demand for smart meters is driven by rapid urbanization, industrialization, and increasing energy consumption in countries like China, India, and Japan. Governments in these countries are implementing supportive policies to modernize the energy grid and improve power distribution efficiency. In China, for example, the government has prioritized the deployment of smart grid technologies, including smart meters, to ensure better load management and support renewable energy integration.

The Middle East and Africa Smart Electricity Meter market is experiencing rapid growth, driven by the increasing demand for premium travel experiences and rising international air travel, especially through key aviation hubs such as Dubai International Airport, Abu Dhabi International, Doha Hamad International, and Cape Town International. These regions have become crucial connections for international travelers due to their strategic geographic locations, linking Europe, Asia, and Africa. Lounge providers, including Plaza Premium Lounge and airline-specific offerings like Emirates’ Lounge in Dubai or Qatar Airways’ Al Mourjan Business Lounge in Doha, cater to both business and leisure passengers. They provide a range of high-end services such as fine dining, showers, dedicated business zones, Wi-Fi, and luxury seating to enhance the travel experience.

Key Findings of the Study

• The Global Smart Electricity Meter Market is expected to reach USD 22,651.44 million by 2035, at a CAGR of 02% during the forecast period.


• The Middle East & Africa region accounted for the fastest-growing global market.


• Based on Travel Class, Economy and Premium Economy Class services segment was attributed to holding the largest market in 2024.


• Lufthansa Group, Xylem Inc, Itron, Honeywell, Kamstrup, Networked Energy Services, Siemens, Schneider Electric, Landis+Gyr, Hubbell Incorporated, Osaki Electric Co., Ltd are among others and others are some of the players in the market.