Smart Electricity Meters Global Market Outlook 2026-2031: Growth Driven By Smart Grid Modernization
Dublin, Aug. 27, 2026 (GLOBE NEWSWIRE) -- The "Smart Electricity Meter - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering.
The global smart electricity meter market is estimated to reach USD 15.02 billion in 2026, rising from USD 13.74 billion in 2025. The market is forecast to expand to USD 23.46 billion by 2031, representing a compound annual growth rate of 9.31% from 2026 to 2031. Growth is being supported by grid digitalization, regulatory replacement programs, advanced metering infrastructure investments, demand-response initiatives and the increasing integration of renewable energy and electric vehicle charging.
Regulatory Mandates and Large-Scale Tenders Drive Market Growth
Europe's legally binding schedule for replacing legacy three-phase meters is accelerating utility investment across commercial and industrial networks. Millions of meters are expected to be upgraded before 2027, creating demand for advanced metering infrastructure platforms capable of collecting granular interval data, supporting sub-metering services and enabling flexible tariff programs. Three-phase smart meters also generate higher average selling prices than single-phase devices, increasing opportunities for meter manufacturers and data-management software providers.
In Asia, China's large-scale procurement of dual-mode NB-IoT smart meters is strengthening cellular connectivity as a cost-competitive communication option. Bulk purchasing is reducing component costs, shortening certification cycles and encouraging cloud-native meter management systems. These deployments are influencing smart meter strategies in Southeast Asia, where utilities face similar connectivity requirements in densely populated urban areas.
Supply-chain constraints remain a market challenge. Persistent shortages of specialized processors have increased smart meter manufacturing costs by an estimated 15% to 25%. Smaller suppliers are redesigning products around multipurpose microcontrollers, resulting in longer validation periods and higher working-capital requirements. Advanced metering infrastructure devices are particularly affected because they require enhanced cryptographic processing and edge-analytics capabilities.
Additional factors shaping the smart electricity meter market include demand-response deployments in the United States and Japan, growing prosumer billing requirements in Oceania, and cybersecurity certification delays associated with UK and European regulations.
Three-Phase and Cellular Smart Meters Gain Momentum
Single-phase meters accounted for 63.25% of market revenue in 2025 and remain the dominant product category. However, three-phase smart electricity meters are projected to grow at a 9.05% CAGR through 2031. Demand is increasing across medium-voltage feeders, renewable energy inverters, industrial automation systems and electric vehicle fast-charging infrastructure, where detailed load and power-quality monitoring are essential.
European replacement mandates are reinforcing demand for advanced three-phase features, including voltage sag logging and integrated disconnect relays. Three-phase devices command average selling prices approximately 2.8 times higher than residential units, supporting market value growth in commercial and industrial applications. Vendors are also adding power-quality monitoring and carbon-intensity reporting, while utilities are introducing subscription-based analytics services to generate recurring revenue from meter data.
Power-line communication held a 44.10% market share in 2025, supported by its established presence in European low-voltage networks. Nevertheless, cellular NB-IoT and LTE-M solutions are forecast to grow at an 11.62% CAGR through 2031. Hybrid communication architectures are also becoming more common, combining radio-frequency mesh networks for lower-density areas with cellular technology for high-rise buildings and urban clusters.
eSIM adoption is helping utilities change connectivity providers without on-site intervention, potentially lowering operating expenses by as much as 35%. Trials in Brazil have also indicated stronger NB-IoT coverage in basements and meter rooms compared with legacy mesh systems. Declining roaming costs may further encourage utilities in Africa and other emerging markets to standardize cellular advanced metering infrastructure deployments.
Asia-Pacific Leads the Global Smart Electricity Meter Market
Asia-Pacific accounted for 47.55% of global smart electricity meter revenue in 2025, supported by extensive deployments in China, India, Japan and South Korea. China has installed approximately 590 million advanced metering infrastructure endpoints across 26 provinces, giving domestic suppliers substantial manufacturing scale. India's target of deploying 250 million prepaid smart meters by 2027 is also encouraging public-private partnerships and new financing models.
The Middle East smart electricity meter market is projected to grow at a 10.18% CAGR from 2026 to 2031. Utilities across the Gulf Cooperation Council are investing in grid digitalization, time-of-use tariffs and demand-side management. Saudi Arabia, the United Arab Emirates and Oman are expanding advanced metering infrastructure to improve billing accuracy, outage visibility and renewable energy integration.
North America reached approximately 77% smart meter penetration by 2024. Utilities are now replacing early-generation devices with meters that incorporate outage detection, electric vehicle load forecasting and fault-isolation capabilities. Government grid-resilience funding and support for interoperable standards are expected to strengthen regional modernization programs.
Europe continues to be shaped by rigorous cybersecurity, privacy and energy-efficiency requirements. The region is moving toward harmonized data access, flexible cross-border tariffs and AI-enabled load forecasting. Mandatory three-phase meter replacement programs are accelerating industrial adoption, particularly in Germany, Spain and the Nordic countries, reinforcing Europe's position as a major market for high-value smart metering solutions.
Key Topics Covered
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET LANDSCAPE
4.1 Market Overview
4.2 Market Drivers
4.2.1 Mandatory EU-2025 three-phase replacement mandates
4.2.2 China NB-IoT smart-meter mega-tenders
4.2.3 U.S.-Japan demand-response AMI roll-outs
4.2.4 Prosumer billing surge in Oceania
4.2.5 Grid-modernization stimulus in Southern Cone
4.2.6 GCC time-of-use tariff introduction
4.3 Market Restraints
4.3.1 ASIC supply-chain shortages inflate BOM costs
4.3.2 UK CPA/EU RED cyber-certification delays
4.3.3 RF-emission pushback in France and Canada
4.3.4 Legacy-SCADA incompatibility in Sub-Saharan utilities
4.4 Industry Value Chain Analysis
4.5 Regulatory Outlook
4.6 Technological Outlook
4.7 Porters Five Forces Analysis
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitutes
4.7.5 Competitive Rivalry
5 MARKET SIZE AND GROWTH FORECASTS (VALUE)
5.1 By Phase
5.1.1 Single-Phase
5.1.2 Three-Phase
5.2 By Communication Technology
5.2.1 Power-Line Communication (PLC)
5.2.2 Radio-Frequency Mesh
5.2.3 Cellular (NB-IoT / LTE-M)
5.2.4 Hybrid / Others
5.3 By Technology
5.3.1 Advanced Metering Infrastructure (AMI)
5.3.2 Automatic Meter Reading (AMR)
5.4 By End-user
5.4.1 Residential
5.4.2 Commercial
5.4.3 Industrial
5.5 By Installation Mode
5.5.1 New Installations
5.5.2 Retrofits / Replacements
5.6 By Geography
5.6.1 North America
5.6.1.1 United States
5.6.1.2 Canada
5.6.1.3 Mexico
5.6.2 South America
5.6.2.1 Brazil
5.6.2.2 Chile
5.6.2.3 Colombia
5.6.2.4 Rest of South America
5.6.3 Europe
5.6.3.1 United Kingdom
5.6.3.2 Germany
5.6.3.3 France
5.6.3.4 Spain
5.6.3.5 Italy
5.6.3.6 Nordics
5.6.3.7 Benelux
5.6.3.8 Rest of Europe
5.6.4 Asia Pacific
5.6.4.1 China
5.6.4.2 India
5.6.4.3 Japan
5.6.4.4 South Korea
5.6.4.5 Southeast Asia
5.6.4.6 Rest of Asia Pacific
5.6.5 Middle East
5.6.5.1 GCC
5.6.5.2 Turkey
5.6.5.3 Israel
5.6.5.4 Rest of Middle East
5.6.6 Africa
5.6.6.1 South Africa
5.6.6.2 Egypt
5.6.6.3 Rest of Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, Recent Developments)
6.4.1 Landis+Gyr Group AG
6.4.2 Itron Inc.
6.4.3 Sagemcom SAS
6.4.4 Honeywell International Inc. (Elster)
6.4.5 Kamstrup A/S
6.4.6 Wasion Group Holdings
6.4.7 Jiangsu Linyang Energy Co. Ltd
6.4.8 Ningbo Sanxing Electric Co. Ltd
6.4.9 Hexing Electric Company Ltd
6.4.10 Holley Technology Ltd
6.4.11 Nanjing Xinlian Electronics Co. Ltd
6.4.12 Sensus USA Inc. (Xylem Inc.)
6.4.13 ABB Ltd.
6.4.14 Siemens AG
6.4.15 Schneider Electric SE
6.4.16 General Electric Co.
6.4.17 Aclara Technologies LLC
6.4.18 EDMI Ltd
6.4.19 Genus Power Infrastructures Ltd
6.4.20 ZENNER International GmbH and Co. KG
6.4.21 Secure Meters Ltd
7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK
7.1 White-Space and Unmet-Need Assessment
For more information about this report visit
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment