Table of Content

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 33
1.3.2 YEARS CONSIDERED 34
1.3.3 INCLUSIONS AND EXCLUSIONS 34
1.4 CURRENCY CONSIDERED 35
1.5 UNIT CONSIDERED 35
1.6 LIMITATIONS 35
1.7 STAKEHOLDERS 35
1.8 SUMMARY OF CHANGES 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
2.1.1 SECONDARY DATA 39
2.1.1.1 List of key secondary sources 39
2.1.1.2 Key data from secondary sources 39
2.1.2 PRIMARY DATA 40
2.1.2.1 List of primary interview participants 40
2.1.2.2 Key industry insights 40
2.1.2.3 Breakdown of primaries 41
2.1.2.4 Key data from primary sources 41
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 42
2.3 MARKET SIZE ESTIMATION 43
2.3.1 BOTTOM-UP APPROACH 43
2.3.2 TOP-DOWN APPROACH 44
2.3.3 DEMAND-SIDE ANALYSIS 45
2.3.3.1 Demand-side assumptions 45
2.3.3.2 Demand-side calculations 46
2.3.4 SUPPLY-SIDE ANALYSIS 46
2.3.4.1 Supply-side assumptions 47
2.3.4.2 Supply-side calculations 47
2.4 RESEARCH ASSUMPTIONS 48
2.5 RESEARCH LIMITATIONS 48
2.6 RISK ANALYSIS 49
3 EXECUTIVE SUMMARY 50
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMART METER MARKET 55
4.2 SMART METER MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY 56
4.3 SMART METER MARKET, BY TYPE 56
4.4 SMART METER MARKET, BY END USER 57
4.5 SMART METER MARKET, BY TECHNOLOGY 57
4.6 SMART METER MARKET, BY COMPONENT 58
4.7 SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 58
4.8 SMART METER MARKET, BY REGION 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MARKET DYNAMICS 61
5.2.1 DRIVERS 61
5.2.1.1 Government focus on modernizing grid infrastructure 61
5.2.1.2 Greater emphasis on cutting energy bills by monitoring real-time consumption 63
5.2.1.3 Dynamic electricity pricing 64
5.2.1.4 High adoption of preventive measures against grid blackouts and utility system failures 64
5.2.1.5 Increased need to monitor energy consumption to achieve
carbon neutrality 64
5.2.2 RESTRAINTS 65
5.2.2.1 High setup and operational costs, coupled with
interoperability issues 65
5.2.2.2 Concerns related to consumer acceptance and ROI delays 66
5.2.3 OPPORTUNITIES 66
5.2.3.1 Pressing need to reduce non-revenue water losses 66
5.2.3.2 Focus of governments worldwide on reducing aggregate technical and commercial losses in power grids 67
5.2.3.3 Integration of AI and ML technologies into smart meters 67
5.2.3.4 Rising adoption of electric and hybrid vehicles 68
5.2.3.5 Increasing focus of developing countries on improving water distribution networks 69
5.2.4 CHALLENGES 70
5.2.4.1 Requirement for highly skilled professionals, coupled with data privacy and security concerns 70
5.2.4.2 Complexities in building reliable connections between smart meters and smart grid devices 70
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 71
5.4 PRICING ANALYSIS 72
5.4.1 INDICATIVE PRICING OF SMART METERS, BY METER TYPE, 2023 72
5.4.2 AVERAGE SELLING PRICE TREND OF SMART METERS,
BY REGION, 2021–2023 72
5.5 VALUE CHAIN ANALYSIS 73
5.6 ECOSYSTEM ANALYSIS 75
5.7 TECHNOLOGY ANALYSIS 77
5.7.1 KEY TECHNOLOGIES 77
5.7.1.1 Advanced metering infrastructure (AMI) 77
5.7.1.2 Virtual time of use (VTOU) 77
5.7.2 COMPLEMENTARY TECHNOLOGIES 77
5.7.2.1 Home energy management systems (HEMS) 77
5.7.3 ADJACENT TECHNOLOGIES 77
5.7.3.1 Smart grid 77
5.7.3.2 Cybersecurity solutions for smart meters 78
5.8 CASE STUDY ANALYSIS 78
5.8.1 SMART METERING TRANSFORMED UTILITY COMPANIES FROM BUDGET DEFICIT TO SURPLUS 78
5.8.2 YORKSHIRE WATER DEPLOYS SMART METERS FROM NETMORE GROUP TO REDUCE WATER LOSS 78
5.8.3 WESTERN MUNICIPAL WATER DISTRICT INSTALLS NEPTUNE’S
WATER METERS FOR REMOTE METER READING 79
5.9 PATENT ANALYSIS 79
5.10 TRADE ANALYSIS 82
5.10.1 EXPORT SCENARIO (HS CODE 9028) 82
5.10.2 IMPORT SCENARIO (HS CODE 9028) 83
5.11 KEY CONFERENCES AND EVENTS, 2025 84
5.12 REGULATORY LANDSCAPE 85
5.13 PORTER’S FIVE FORCES ANALYSIS 89
5.13.1 THREAT OF SUBSTITUTES 90
5.13.2 BARGAINING POWER OF SUPPLIERS 90
5.13.3 BARGAINING POWER OF BUYERS 90
5.13.4 THREAT OF NEW ENTRANTS 90
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 91
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 91
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 91
5.14.2 BUYING CRITERIA 92
5.15 INVESTMENT AND FUNDING SCENARIO 92
5.16 IMPACT OF GEN AI/AI ON SMART METER MARKET 93
5.16.1 ADOPTION OF GEN AI/AI FOR SMART METER APPLICATIONS 93
5.16.2 IMPACT OF GEN AI/AI ON SMART METER SUPPLY CHAIN, BY REGION 94
5.17 GLOBAL MACROECONOMIC OUTLOOK 95
5.17.1 INTRODUCTION 95
5.17.2 RISE IN SMART GRID INVESTMENTS WORLDWIDE 95
5.17.3 TECHNOLOGICAL ADVANCEMENTS 95
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5.17.4 GOVERNMENT SUPPORT AND REGULATORY MANDATES 95
5.17.5 STRONG FOCUS OF CONSUMERS ON ADOPTING ENERGY-EFFICIENT PRODUCTS 95
6 SMART METER MARKET, BY COMPONENT 96
6.1 INTRODUCTION 97
6.2 HARDWARE 98
6.2.1 POWER SYSTEMS 99
6.2.1.1 Growing demand for efficient electricity management solutions to ensure reliable operations during outages to drive market 99
6.2.2 MICROCONTROLLERS 100
6.2.2.1 Rising integration of AI or IoT technologies for improved functionality to fuel segmental growth 100
6.2.3 COMMUNICATION INTERFACES 100
6.2.3.1 Increasing adoption of wireless protocols to connect networks within grids to augment segmental growth 100
6.3 SOFTWARE 100
6.3.1 CUSTOMER INFORMATION SYSTEMS (CIS) 102
6.3.1.1 Rising adoption of advanced analytics to gain comprehensive understanding of operations to foster segmental growth 102
6.3.2 METER DATA MANAGEMENT SYSTEMS (MDMS) 102
6.3.2.1 Increasing government focus on accurate billing, demand response, and energy efficiency to boost segmental growth 102
6.3.3 METERING & BILLING SOFTWARE 103
6.3.3.1 Growing focus on automated billing process and enhanced customer experience to bolster segmental growth 103
7 SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 104
7.1 INTRODUCTION 105
7.2 RADIO FREQUENCY (RF) 106
7.2.1 LOW MAINTENANCE COSTS AND POWER CONSUMPTION TO CONTRIBUTE TO SEGMENTAL GROWTH 106
7.3 POWER LINE COMMUNICATION (PLC) 107
7.3.1 COMPATIBILITY WITH EXISTING UTILITY INFRASTRUCTURE TO ACCELERATE SEGMENTAL GROWTH 107
7.4 CELLULAR 108
7.4.1 LOW INVESTMENT COSTS AND RELIABLE PERFORMANCE TO FOSTER SEGMENTAL GROWTH 108
8 SMART METER MARKET, BY TECHNOLOGY 110
8.1 INTRODUCTION 111
8.2 ADVANCED METERING INFRASTRUCTURE (AMI) 112
8.2.1 RISING INVESTMENT IN SMART GRID INITIATIVES TO FUEL SEGMENTAL GROWTH 112
?
8.3 AUTOMATIC METER READING (AMR) 113
8.3.1 ACCURACY AND RELIABILITY OF DATA COLLECTION TO BOOST
SEGMENTAL GROWTH 113
9 SMART METER MARKET, BY END USER 115
9.1 INTRODUCTION 116
9.2 RESIDENTIAL 117
9.2.1 STRONG FOCUS ON POWER GRID MODERNIZATION TO AUGMENT SEGMENTAL GROWTH 117
9.3 COMMERCIAL 118
9.3.1 IMPROVED ENERGY EFFICIENCY AND REMOTE MANAGEMENT OF
ENERGY CONSUMPTION TO SPUR DEMAND 118
9.4 INDUSTRIAL 119
9.4.1 IMPLEMENTATION OF ENERGY EFFICIENCY STANDARDS TO FUEL
SEGMENTAL GROWTH 119
10 SMART METER MARKET, BY TYPE 120
10.1 INTRODUCTION 121
10.2 ELECTRIC 122
10.2.1 HIGH EMPHASIS ON REDUCING ENERGY CONSUMPTION AND IMPROVING COST SAVINGS TO BOOST SEGMENTAL GROWTH 122
10.3 GAS 123
10.3.1 LOW RISKS OF FIRE HAZARDS AND REMOTE MONITORING BENEFITS TO FOSTER SEGMENTAL GROWTH 123
10.4 WATER 124
10.4.1 RAPID URBANIZATION AND SUSTAINABILITY TARGETS TO AUGMENT SEGMENTAL GROWTH 124
11 SMART METER MARKET, BY REGION 127
11.1 INTRODUCTION 128
11.2 ASIA PACIFIC 130
11.2.1 CHINA 136
11.2.1.1 Strategic investments in grid infrastructure modernization initiatives to augment market growth 136
11.2.2 AUSTRALIA 140
11.2.2.1 Government-driven goals to achieve net-zero emissions to contribute to market growth 140
11.2.3 JAPAN 143
11.2.3.1 Shifting focus toward renewable energy and electric vehicles to foster market growth 143
11.2.4 INDIA 146
11.2.4.1 Strong focus on enhancing renewable energy capacity to boost market growth 146
11.2.5 SOUTH KOREA 149
11.2.5.1 Rising emphasis on achieving carbon neutrality in power generation to fuel market growth 149
11.2.6 REST OF ASIA PACIFIC 152
11.3 EUROPE 155
11.3.1 GERMANY 160
11.3.1.1 Increasing generation of renewable energy to contribute to market growth 160
11.3.2 FRANCE 163
11.3.2.1 Rising development of smart grid infrastructure to bolster market growth 163
11.3.3 ITALY 166
11.3.3.1 Increasing focus on replacing traditional meters with advanced counterparts to drive market 166
11.3.4 UK 169
11.3.4.1 Growing emphasis on modernizing energy infrastructure to contribute to market growth 169
11.3.5 SPAIN 172
11.3.5.1 Increasing focus on enhancing energy efficiency and promoting electrification to augment market growth 172
11.3.6 POLAND 175
11.3.6.1 Rising integration of renewable energy sources to foster market growth 175
11.3.7 REST OF EUROPE 178
11.4 NORTH AMERICA 181
11.4.1 US 187
11.4.1.1 Rising adoption of electric vehicles and renewable energy to facilitate market growth 187
11.4.2 CANADA 190
11.4.2.1 Growing focus on grid infrastructure modernization to support market growth 190
11.4.3 MEXICO 194
11.4.3.1 High commitment to creating sustainable power sector to bolster market growth 194
11.5 MIDDLE EAST & AFRICA 197
11.5.1 GCC 203
11.5.1.1 Saudi Arabia 203
11.5.1.1.1 Increasing focus on energy efficiency and grid modernization to boost market growth 203
11.5.1.2 UAE 206
11.5.1.2.1 Rising implementation of renewable energy policies to foster market growth 206
11.5.1.3 Qatar 209
11.5.1.3.1 Growing demand for advanced metering infrastructure to augment market growth 209
11.5.2 ISRAEL 212
11.5.2.1 Increasing supply of advanced electricity meters in residential sector to contribute to market growth 212
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11.5.3 SOUTH AFRICA 215
11.5.3.1 Rapid advances in smart utility infrastructure to accelerate
market growth 215
11.5.4 EGYPT 218
11.5.4.1 Rising implementation of electricity interconnection projects
to drive market 218
11.5.5 TURKEY 221
11.5.5.1 Increasing development of power metering infrastructure to
fuel market growth 221
11.5.6 REST OF MIDDLE EAST & AFRICA 224
11.6 SOUTH AMERICA 228
11.6.1 BRAZIL 233
11.6.1.1 Rising investment in transmission and distribution infrastructure to accelerate market growth 233
11.6.2 ARGENTINA 236
11.6.2.1 Growing efforts to improve electricity supply to boost market growth 236
11.6.3 CHILE 239
11.6.3.1 Rapid advances in renewable energy sector to augment
market growth 239
11.6.4 REST OF SOUTH AMERICA 242
12 COMPETITIVE LANDSCAPE 246
12.1 OVERVIEW 246
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025 246
12.3 MARKET SHARE ANALYSIS, 2023 249
12.4 REVENUE ANALYSIS, 2019–2023 251
12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2025 252
12.6 PRODUCT COMPARISON 253
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 253
12.7.1 STARS 253
12.7.2 EMERGING LEADERS 253
12.7.3 PERVASIVE PLAYERS 253
12.7.4 PARTICIPANTS 254
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 255
12.7.5.1 Company footprint 255
12.7.5.2 Region footprint 257
12.7.5.3 Type footprint 258
12.7.5.4 Technology footprint 259
12.7.5.5 Component footprint 260
12.7.5.6 End user footprint 261
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 262
12.8.1 PROGRESSIVE COMPANIES 262
12.8.2 RESPONSIVE COMPANIES 262
12.8.3 DYNAMIC COMPANIES 262
12.8.4 STARTING BLOCKS 262
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 264
12.8.5.1 Detailed list of key startups/SMEs 264
12.8.5.2 Competitive benchmarking of key startups/SMEs 265
12.9 COMPETITIVE SCENARIO 265
12.9.1 PRODUCT LAUNCHES 265
12.9.2 DEALS 266
12.9.3 EXPANSIONS 268
12.9.4 OTHER DEVELOPMENTS 268
13 COMPANY PROFILES 270
13.1 KEY PLAYERS 270
13.1.1 LANDIS+GYR 270
13.1.1.1 Business overview 270
13.1.1.2 Products/Services/Solutions offered 271
13.1.1.3 Recent developments 273
13.1.1.3.1 Product launches 273
13.1.1.3.2 Deals 274
13.1.1.3.3 Other developments 275
13.1.1.4 MnM view 276
13.1.1.4.1 Key strengths/Right to win 276
13.1.1.4.2 Strategic choices 276
13.1.1.4.3 Weaknesses/Competitive threats 276
13.1.2 ITRON INC. 277
13.1.2.1 Business overview 277
13.1.2.2 Products/Services/Solutions offered 278
13.1.2.3 Recent developments 282
13.1.2.3.1 Product launches 282
13.1.2.3.2 Deals 283
13.1.2.3.3 Other developments 284
13.1.2.4 MnM view 285
13.1.2.4.1 Key strengths/Right to win 285
13.1.2.4.2 Strategic choices 285
13.1.2.4.3 Weaknesses/Competitive threats 285
13.1.3 SIEMENS 286
13.1.3.1 Business overview 286
13.1.3.2 Products/Services/Solutions offered 287
13.1.3.3 Recent developments 290
13.1.3.3.1 Deals 290
?
13.1.3.4 MnM view 291
13.1.3.4.1 Key strengths/Right to win 291
13.1.3.4.2 Strategic choices 291
13.1.3.4.3 Weaknesses/Competitive threats 291
13.1.4 OSAKI ELECTRIC CO., LTD. (EDMI) 292
13.1.4.1 Business overview 292
13.1.4.2 Products/Services/Solutions offered 292
13.1.4.3 Recent developments 298
13.1.4.3.1 Product launches 298
13.1.4.3.2 Other developments 298
13.1.4.4 MnM view 298
13.1.4.4.1 Key strengths/Right to win 298
13.1.4.4.2 Strategic choices 299
13.1.4.4.3 Weaknesses/Competitive threats 299
13.1.5 SAGEMCOM 300
13.1.5.1 Business overview 300
13.1.5.2 Products/Services/Solutions offered 300
13.1.5.3 Recent developments 303
13.1.5.3.1 Product launches 303
13.1.5.3.2 Deals 303
13.1.5.3.3 Other developments 304
13.1.5.4 MnM view 304
13.1.5.4.1 Key strengths/Right to win 304
13.1.5.4.2 Strategic choices 304
13.1.5.4.3 Weaknesses/Competitive threats 304
13.1.6 SCHNEIDER ELECTRIC 305
13.1.6.1 Business overview 305
13.1.6.2 Products/Services/Solutions offered 306
13.1.6.3 Recent developments 307
13.1.6.3.1 Deals 307
13.1.6.3.2 Other developments 308
13.1.6.4 MnM view 309
13.1.6.4.1 Key strengths/Right to win 309
13.1.6.4.2 Strategic choices 309
13.1.6.4.3 Weaknesses/Competitive threats 309
13.1.7 WASION GROUP 310
13.1.7.1 Business overview 310
13.1.7.2 Products/Services/Solutions offered 311
13.1.7.3 Recent developments 312
13.1.7.3.1 Deals 312
?
13.1.7.4 MnM view 313
13.1.7.4.1 Key strengths/Right to win 313
13.1.7.4.2 Strategic choices 313
13.1.7.4.3 Weaknesses/Competitive threats 313
13.1.8 BADGER METER, INC. 314
13.1.8.1 Business overview 314
13.1.8.2 Products/Services/Solutions offered 315
13.1.8.3 Recent developments 319
13.1.8.3.1 Product launches 319
13.1.8.3.2 Deals 319
13.1.9 SENSUS (XYLEM) 321
13.1.9.1 Business overview 321
13.1.9.2 Products/Services/Solutions offered 322
13.1.9.3 Recent developments 329
13.1.9.3.1 Product launches 329
13.1.9.3.2 Deals 329
13.1.9.3.3 Other developments 330
13.1.10 HONEYWELL INTERNATIONAL INC. 331
13.1.10.1 Business overview 331
13.1.10.2 Products/Services/Solutions offered 332
13.1.10.3 Recent developments 333
13.1.10.3.1 Product launches 333
13.1.11 LARSEN & TOUBRO LIMITED 334
13.1.11.1 Business overview 334
13.1.11.2 Products/Services/Solutions offered 335
13.1.12 KAMSTRUP A/S 337
13.1.12.1 Business overview 337
13.1.12.2 Products/Services/Solutions offered 337
13.1.12.3 Recent developments 339
13.1.12.3.1 Product launches 339
13.1.12.3.2 Deals 340
13.1.12.3.3 Expansions 340
13.1.12.3.4 Other developments 341
13.1.13 GENUS 342
13.1.13.1 Business overview 342
13.1.13.2 Products/Services/Solutions offered 343
13.1.13.3 Recent developments 344
13.1.13.3.1 Product launches 344
13.1.13.3.2 Deals 344
13.1.13.3.3 Other developments 344
?
13.1.14 MINSAIT 345
13.1.14.1 Business overview 345
13.1.14.2 Products/Services/Solutions offered 345
13.1.14.3 Recent developments 346
13.1.14.3.1 Deals 346
13.1.15 ACLARA 347
13.1.15.1 Business overview 347
13.1.15.2 Products/Services/Solutions offered 347
13.1.15.3 Recent developments 348
13.1.15.3.1 Product launches 348
13.1.15.3.2 Deals 348
13.1.15.3.3 Other developments 349
13.2 OTHER PLAYERS 350
13.2.1 JIANGSU LINYANG ELECTRONICS 350
13.2.2 HEXING ELECTRICAL CO. LTD. 351
13.2.3 NETWORKED ENERGY SERVICES 352
13.2.4 PIETRO FIORENTINI S.P.A. 353
13.2.5 SECURE METERS LTD. 354
13.2.6 WEGOT UTILITY SOLUTIONS PVT LTD. 355
13.2.7 AXIOMA METERING 355
13.2.8 DRIZZLEX, INC. 356
13.2.9 CONSERVATION LABS, INC. 356
13.2.10 BOVE TECHNOLOGY 357
14 APPENDIX 358
14.1 INSIGHTS FROM INDUSTRY EXPERTS 358
14.2 DISCUSSION GUIDE 359
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 362
14.4 CUSTOMIZATION OPTIONS 364
14.5 RELATED REPORTS 364
14.6 AUTHOR DETAILS 365



List of Figures

FIGURE 1 SMART METER MARKET SEGMENTATION AND REGIONAL SCOPE 33
FIGURE 2 SMART METER MARKET: RESEARCH DESIGN 38
FIGURE 3 KEY DATA FROM SECONDARY SOURCES 39
FIGURE 4 KEY INDUSTRY INSIGHTS 40
FIGURE 5 BREAKDOWN OF PRIMARIES 41
FIGURE 6 SMART METER MARKET: DATA TRIANGULATION 42
FIGURE 7 SMART METER MARKET: BOTTOM-UP APPROACH 43
FIGURE 8 SMART METER MARKET: TOP-DOWN APPROACH 44
FIGURE 9 SMART METER MARKET: DEMAND-SIDE ANALYSIS 45
FIGURE 10 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF SMART METERS 46
FIGURE 11 SMART METER MARKET: SUPPLY-SIDE ANALYSIS 47
FIGURE 12 SHARE OF KEY PLAYERS IN SMART METER MARKET, 2023 48
FIGURE 13 ADVANCED METERING INFRASTRUCTURE (AMI) SEGMENT TO HOLD LARGER SHARE OF SMART METER MARKET IN 2024 52
FIGURE 14 ELECTRIC SEGMENT TO DOMINATE SMART METER MARKET DURING
FORECAST PERIOD 52
FIGURE 15 CELLULAR SEGMENT TO EXHIBIT HIGHEST CAGR IN SMART METER
MARKET FROM 2024 TO 2030 53
FIGURE 16 HARDWARE SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 53
FIGURE 17 RESIDENTIAL SEGMENT TO CAPTURE LARGEST SHARE OF SMART
METER MARKET IN 2024 54
FIGURE 18 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SMART METER
MARKET IN 2023 54
FIGURE 19 INCREASING ADOPTION OF RENEWABLE ENERGY TO DRIVE MARKET 55
FIGURE 20 RESIDENTIAL SEGMENT AND CHINA HELD LARGEST SHARES OF
SMART METER MARKET IN ASIA PACIFIC IN 2023 56
FIGURE 21 ELECTRIC SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 56
FIGURE 22 RESIDENTIAL SEGMENT TO HOLD LARGEST SHARE OF SMART METER
MARKET IN 2030 57
FIGURE 23 ADVANCED METERING INFRASTRUCTURE (AMI) SEGMENT TO CAPTURE
LARGER SHARE OF SMART METER MARKET IN 2030 57
FIGURE 24 HARDWARE SEGMENT TO HOLD LARGER SHARE OF SMART METER
MARKET IN 2030 58
FIGURE 25 CELLULAR SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 58
FIGURE 26 ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 59
FIGURE 27 SMART METER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES 61
FIGURE 28 GLOBAL INVESTMENT IN DIGITAL INFRASTRUCTURE OF TRANSMISSION
AND DISTRIBUTION ELECTRICITY GRIDS, 2015–2022 62
FIGURE 29 RISING SHARE OF DIGITAL GRID INFRASTRUCTURE IN GLOBAL GRID
INVESTMENT, 2015–2022 63
FIGURE 30 GLOBAL ELECTRIC VEHICLE STOCKS, 2018–2023 (MILLION UNITS) 68
FIGURE 31 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 71
FIGURE 32 AVERAGE SELLING PRICE TREND OF SMART METERS, BY REGION, 2021–2023 72
FIGURE 33 VALUE CHAIN ANALYSIS 73
FIGURE 34 STAKEHOLDERS IN SMART METER ECOSYSTEM 76
FIGURE 35 PATENTS APPLIED AND GRANTED, 2015–2024 79
FIGURE 36 EXPORT SCENARIO FOR HS CODE 9028-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2019–2023 83
FIGURE 37 IMPORT SCENARIO FOR HS CODE 9028-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2019–2023 84
FIGURE 38 PORTER’S FIVE FORCES ANALYSIS 89
FIGURE 39 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER 91
FIGURE 40 KEY BUYING CRITERIA, BY END USER 92
FIGURE 41 INVESTMENT AND FUNDING SCENARIO (UP TO 2024) 93
FIGURE 42 IMPACT OF GEN AI/AI ON SMART METER SUPPLY CHAIN, BY REGION 94
FIGURE 43 SMART METER MARKET SHARE, BY COMPONENT, 2023 97
FIGURE 44 SMART METER MARKET SHARE, BY COMMUNICATION TECHNOLOGY, 2023 105
FIGURE 45 SMART METER MARKET SHARE, BY TECHNOLOGY, 2023 111
FIGURE 46 SMART METER MARKET SHARE, BY END USER, 2023 116
FIGURE 47 SMART METER MARKET SHARE, BY TYPE, 2023 121
FIGURE 48 SMART METER MARKET SHARE, BY REGION, 2023 128
FIGURE 49 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN SMART METER MARKET
FROM 2024 TO 2030 129
FIGURE 50 ASIA PACIFIC: SMART METER MARKET SNAPSHOT 131
FIGURE 51 NORTH AMERICA: SMART METER MARKET SNAPSHOT 182
FIGURE 52 MARKET SHARE ANALYSIS OF COMPANIES OFFERING SMART METERS, 2023 249
FIGURE 53 SMART METER MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023 251
FIGURE 54 COMPANY VALUATION, 2025 252
FIGURE 55 FINANCIAL METRICS (EV/EBITDA), 2025 252
FIGURE 56 PRODUCT COMPARISON 253
FIGURE 57 SMART METER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 254
FIGURE 58 SMART METER MARKET: MARKET FOOTPRINT 255
FIGURE 59 SMART METER MARKET: COMPANY FOOTPRINT 256
FIGURE 60 SMART METER MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2023 263
FIGURE 61 LANDIS+GYR: COMPANY SNAPSHOT 271
FIGURE 62 ITRON INC.: COMPANY SNAPSHOT 278
FIGURE 63 SIEMENS: COMPANY SNAPSHOT 287
FIGURE 64 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 306
FIGURE 65 WASION GROUP: COMPANY SNAPSHOT 311
FIGURE 66 BADGER METER, INC.: COMPANY SNAPSHOT 315
FIGURE 67 XYLEM: COMPANY SNAPSHOT 322
FIGURE 68 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 332
FIGURE 69 LARSEN & TOUBRO LIMITED: COMPANY SNAPSHOT 335
FIGURE 70 GENUS: COMPANY SNAPSHOT 342

List of Tables

TABLE 1 LIST OF KEY SECONDARY SOURCES 39
TABLE 2 LIST OF PRIMARY INTERVIEW PARTICIPANTS 40
TABLE 3 KEY DATA FROM PRIMARY SOURCES 41
TABLE 4 SMART METER MARKET: RISK ANALYSIS 49
TABLE 5 SMART METER MARKET SNAPSHOT 51
TABLE 6 INDIA’S WATER TREATMENT PROJECTS NEARING COMPLETION 69
TABLE 7 INDICATIVE PRICING ANALYSIS OF SMART METERS, BY METER TYPE, 2023 (USD) 72
TABLE 8 ROLE OF COMPANIES IN SMART METER ECOSYSTEM 75
TABLE 9 LIST OF KEY PATENTS, 2021–2023 81
TABLE 10 EXPORT DATA FOR HS CODE 9028-COMPLIANT PRODUCTS, BY COUNTRY 2021–2023 (USD THOUSAND) 82
TABLE 11 IMPORT DATA FOR HS CODE 9028-COMPLIANT PRODUCTS, BY COUNTRY 2021–2023 (USD THOUSAND) 83
TABLE 12 LIST OF KEY CONFERENCES AND EVENTS, 2025 84
TABLE 13 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 85
TABLE 14 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 86
TABLE 15 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 87
TABLE 16 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 87
TABLE 17 REGULATIONS/REGULATORY BODIES 88
TABLE 18 PORTER’S FIVE FORCES ANALYSIS 89
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER 91
TABLE 20 KEY BUYING CRITERIA, BY END USER 92
TABLE 21 SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 97
TABLE 22 SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 97
TABLE 23 HARDWARE: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 98
TABLE 24 HARDWARE: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 98
TABLE 25 HARDWARE: SMART METER MARKET, BY COMPONENT TYPE 2021–2023 (USD MILLION) 99
TABLE 26 HARDWARE: SMART METER MARKET, BY COMPONENT TYPE 2024–2030 (USD MILLION) 99
TABLE 27 SOFTWARE: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 101
TABLE 28 SOFTWARE: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 101
TABLE 29 SOFTWARE: SMART METER MARKET, BY COMPONENT TYPE 2021–2023 (USD MILLION) 101
TABLE 30 SOFTWARE: SMART METER MARKET, BY COMPONENT TYPE 2024–2030 (USD MILLION) 102
TABLE 31 SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 105
TABLE 32 SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 105
TABLE 33 RADIO FREQUENCY (RF): SMART METER MARKET, BY REGION 2021–2023 (USD MILLION) 106
TABLE 34 RADIO FREQUENCY (RF): SMART METER MARKET, BY REGION 2024–2030 (USD MILLION) 107
TABLE 35 POWER LINE COMMUNICATION (PLC): SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 108
TABLE 36 POWER LINE COMMUNICATION (PLC): SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 108
TABLE 37 CELLULAR: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 109
TABLE 38 CELLULAR: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 109
TABLE 39 SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 111
TABLE 40 SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 111
TABLE 41 ADVANCED METERING INFRASTRUCTURE (AMI): SMART METER MARKET BY REGION, 2021–2023 (USD MILLION) 112
TABLE 42 ADVANCED METERING INFRASTRUCTURE (AMI): SMART METER MARKET BY REGION, 2024–2030 (USD MILLION) 113
TABLE 43 AUTOMATIC METER READING (AMR): SMART METER MARKET, BY REGION 2021–2023 (USD MILLION) 113
TABLE 44 AUTOMATIC METER READING (AMR): SMART METER MARKET, BY REGION 2024–2030 (USD MILLION) 114
TABLE 45 SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 116
TABLE 46 SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 116
TABLE 47 RESIDENTIAL: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 117
TABLE 48 RESIDENTIAL: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 117
TABLE 49 COMMERCIAL: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 118
TABLE 50 COMMERCIAL: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 118
TABLE 51 INDUSTRIAL: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 119
TABLE 52 INDUSTRIAL: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 119
TABLE 53 SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 121
TABLE 54 SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 122
TABLE 55 ELECTRIC: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 123
TABLE 56 ELECTRIC: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 123
TABLE 57 GAS: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 124
TABLE 58 GAS: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 124
TABLE 59 SMART WATER METER: SMART METER MARKET, BY REGION 2021–2023 (USD MILLION) 125
TABLE 60 SMART WATER METER: SMART METER MARKET, BY REGION 2024–2030 (USD MILLION) 125
TABLE 61 SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 129
TABLE 62 SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 129
TABLE 63 SMART METER MARKET, BY REGION, 2021–2023 (MILLION UNITS) 130
TABLE 64 SMART METER MARKET, BY REGION, 2024–2030 (MILLION UNITS) 130
TABLE 65 ASIA PACIFIC: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 132
TABLE 66 ASIA PACIFIC: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 132
TABLE 67 ASIA PACIFIC: SMART METER MARKET, BY TECHNOLOGY 2021–2023 (USD MILLION) 132
TABLE 68 ASIA PACIFIC: SMART METER MARKET, BY TECHNOLOGY 2024–2030 (USD MILLION) 132
TABLE 69 ASIA PACIFIC: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION) 133
TABLE 70 ASIA PACIFIC: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2030 (USD MILLION) 133
TABLE 71 ASIA PACIFIC: SMART METER MARKET, BY COMPONENT 2021–2023 (USD MILLION) 133
TABLE 72 ASIA PACIFIC: SMART METER MARKET, BY COMPONENT 2024–2030 (USD MILLION) 134
TABLE 73 ASIA PACIFIC: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE, 2021–2023 (USD MILLION) 134
TABLE 74 ASIA PACIFIC: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE, 2024–2030 (USD MILLION) 134
TABLE 75 ASIA PACIFIC: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE, 2021–2023 (USD MILLION) 134
TABLE 76 ASIA PACIFIC: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE, 2024–2030 (USD MILLION) 135
TABLE 77 ASIA PACIFIC: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 135
TABLE 78 ASIA PACIFIC: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 135
TABLE 79 ASIA PACIFIC: SMART METER MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 136
TABLE 80 ASIA PACIFIC: SMART METER MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 136
TABLE 81 CHINA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 137
TABLE 82 CHINA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 137
TABLE 83 CHINA: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 137
TABLE 84 CHINA: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 138
TABLE 85 CHINA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 138
TABLE 86 CHINA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 138
TABLE 87 CHINA: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 138
TABLE 88 CHINA: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 139
TABLE 89 CHINA: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 139
TABLE 90 CHINA: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 139
TABLE 91 AUSTRALIA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 140
TABLE 92 AUSTRALIA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 140
TABLE 93 AUSTRALIA: SMART METER MARKET, BY TECHNOLOGY 2021–2023 (USD MILLION) 141
TABLE 94 AUSTRALIA: SMART METER MARKET, BY TECHNOLOGY 2024–2030 (USD MILLION) 141
TABLE 95 AUSTRALIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 141
TABLE 96 AUSTRALIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 141
TABLE 97 AUSTRALIA: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 142
TABLE 98 AUSTRALIA: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 142
TABLE 99 AUSTRALIA: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 142
TABLE 100 AUSTRALIA: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 142
TABLE 101 JAPAN: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 143
TABLE 102 JAPAN: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 143
TABLE 103 JAPAN: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 144
TABLE 104 JAPAN: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 144
TABLE 105 JAPAN: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 144
TABLE 106 JAPAN: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 144
TABLE 107 JAPAN: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 145
TABLE 108 JAPAN: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 145
TABLE 109 JAPAN: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 145
TABLE 110 JAPAN: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 145
TABLE 111 INDIA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 146
TABLE 112 INDIA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 147
TABLE 113 INDIA: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 147
TABLE 114 INDIA: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 147
TABLE 115 INDIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 147
TABLE 116 INDIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 148
TABLE 117 INDIA: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 148
TABLE 118 INDIA: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 148
TABLE 119 INDIA: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 148
TABLE 120 INDIA: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 149
TABLE 121 SOUTH KOREA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 149
TABLE 122 SOUTH KOREA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 150
TABLE 123 SOUTH KOREA: SMART METER MARKET, BY TECHNOLOGY 2021–2023 (USD MILLION) 150
TABLE 124 SOUTH KOREA: SMART METER MARKET, BY TECHNOLOGY 2024–2030 (USD MILLION) 150
TABLE 125 SOUTH KOREA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION) 150
TABLE 126 SOUTH KOREA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2030 (USD MILLION) 151
TABLE 127 SOUTH KOREA: SMART METER MARKET, BY COMPONENT 2021–2023 (USD MILLION) 151
TABLE 128 SOUTH KOREA: SMART METER MARKET, BY COMPONENT 2024–2030 (USD MILLION) 151
TABLE 129 SOUTH KOREA: SMART METER MARKET, BY END USER 2021–2023 (USD MILLION) 151
TABLE 130 SOUTH KOREA: SMART METER MARKET, BY END USER 2024–2030 (USD MILLION) 152
TABLE 131 REST OF ASIA PACIFIC: SMART METER MARKET, BY TYPE 2021–2023 (USD MILLION) 152
TABLE 132 REST OF ASIA PACIFIC: SMART METER MARKET, BY TYPE 2024–2030 (USD MILLION) 153
TABLE 133 REST OF ASIA PACIFIC: SMART METER MARKET, BY TECHNOLOGY 2021–2023 (USD MILLION) 153
TABLE 134 REST OF ASIA PACIFIC: SMART METER MARKET, BY TECHNOLOGY 2024–2030 (USD MILLION) 153
TABLE 135 REST OF ASIA PACIFIC: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION) 153
TABLE 136 REST OF ASIA PACIFIC: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2030 (USD MILLION) 154
TABLE 137 REST OF ASIA PACIFIC: SMART METER MARKET, BY COMPONENT 2021–2023 (USD MILLION) 154
TABLE 138 REST OF ASIA PACIFIC: SMART METER MARKET, BY COMPONENT 2024–2030 (USD MILLION) 154
TABLE 139 REST OF ASIA PACIFIC: SMART METER MARKET, BY END USER 2021–2023 (USD MILLION) 154
TABLE 140 REST OF ASIA PACIFIC: SMART METER MARKET, BY END USER 2024–2030 (USD MILLION) 155
TABLE 141 EUROPE: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 155
TABLE 142 EUROPE: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 156
TABLE 143 EUROPE: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 156
TABLE 144 EUROPE: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 156
TABLE 145 EUROPE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 156
TABLE 146 EUROPE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 157
TABLE 147 EUROPE: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 157
TABLE 148 EUROPE: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 157
TABLE 149 EUROPE: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE 2021–2023 (USD MILLION) 158
TABLE 150 EUROPE: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE 2024–2030 (USD MILLION) 158
TABLE 151 EUROPE: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE 2021–2023 (USD MILLION) 158
TABLE 152 EUROPE: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE 2024–2030 (USD MILLION) 159
TABLE 153 EUROPE: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 159
TABLE 154 EUROPE: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 159
TABLE 155 EUROPE: SMART METER MARKET, BY COUNTRY, 2021–2023 (USD MILLION) 160
TABLE 156 EUROPE: SMART METER MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 160
TABLE 157 GERMANY: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 161
TABLE 158 GERMANY: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 161
TABLE 159 GERMANY: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 161
TABLE 160 GERMANY: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 161
TABLE 161 GERMANY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 162
TABLE 162 GERMANY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 162
TABLE 163 GERMANY: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 162
TABLE 164 GERMANY: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 162
TABLE 165 GERMANY: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 163
TABLE 166 GERMANY: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 163
TABLE 167 FRANCE: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 164
TABLE 168 FRANCE: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 164
TABLE 169 FRANCE: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 164
TABLE 170 FRANCE: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 164
TABLE 171 FRANCE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 165
TABLE 172 FRANCE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 165
TABLE 173 FRANCE: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 165
TABLE 174 FRANCE: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 165
TABLE 175 FRANCE: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 166
TABLE 176 FRANCE: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 166
TABLE 177 ITALY: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 167
TABLE 178 ITALY: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 167
TABLE 179 ITALY: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 167
TABLE 180 ITALY: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 167
TABLE 181 ITALY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 168
TABLE 182 ITALY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 168
TABLE 183 ITALY: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 168
TABLE 184 ITALY: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 168
TABLE 185 ITALY: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 169
TABLE 186 ITALY: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 169
TABLE 187 UK: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 170
TABLE 188 UK: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 170
TABLE 189 UK: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 170
TABLE 190 UK: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 170
TABLE 191 UK: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 171
TABLE 192 UK: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 171
TABLE 193 UK: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 171
TABLE 194 UK: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 171
TABLE 195 UK: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 172
TABLE 196 UK: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 172
TABLE 197 SPAIN: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 173
TABLE 198 SPAIN: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 173
TABLE 199 SPAIN: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 173
TABLE 200 SPAIN: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 173
TABLE 201 SPAIN: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 174
TABLE 202 SPAIN: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 174
TABLE 203 SPAIN: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 174
TABLE 204 SPAIN: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 174
TABLE 205 SPAIN: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 175
TABLE 206 SPAIN: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 175
TABLE 207 POLAND: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 176
TABLE 208 POLAND: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 176
TABLE 209 POLAND: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 176
TABLE 210 POLAND: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 176
TABLE 211 POLAND: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 177
TABLE 212 POLAND: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 177
TABLE 213 POLAND: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 177
TABLE 214 POLAND: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 177
TABLE 215 POLAND: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 178
TABLE 216 POLAND: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 178
TABLE 217 REST OF EUROPE: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 179
TABLE 218 REST OF EUROPE: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 179
TABLE 219 REST OF EUROPE: SMART METER MARKET, BY TECHNOLOGY 2021–2023 (USD MILLION) 179
TABLE 220 REST OF EUROPE: SMART METER MARKET, BY TECHNOLOGY 2024–2030 (USD MILLION) 179
TABLE 221 REST OF EUROPE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION) 180
TABLE 222 REST OF EUROPE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2030 (USD MILLION) 180
TABLE 223 REST OF EUROPE: SMART METER MARKET, BY COMPONENT 2021–2023 (USD MILLION) 180
TABLE 224 REST OF EUROPE: SMART METER MARKET, BY COMPONENT 2024–2030 (USD MILLION) 180
TABLE 225 REST OF EUROPE: SMART METER MARKET, BY END USER 2021–2023 (USD MILLION) 181
TABLE 226 REST OF EUROPE: SMART METER MARKET, BY END USER 2024–2030 (USD MILLION) 181
TABLE 227 NORTH AMERICA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 182
TABLE 228 NORTH AMERICA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 183
TABLE 229 NORTH AMERICA: SMART METER MARKET, BY TECHNOLOGY 2021–2023 (USD MILLION) 183
TABLE 230 NORTH AMERICA: SMART METER MARKET, BY TECHNOLOGY 2024–2030 (USD MILLION) 183
TABLE 231 NORTH AMERICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION) 184
TABLE 232 NORTH AMERICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2030 (USD MILLION) 184
TABLE 233 NORTH AMERICA: SMART METER MARKET, BY COMPONENT 2021–2023 (USD MILLION) 184
TABLE 234 NORTH AMERICA: SMART METER MARKET, BY COMPONENT 2024–2030 (USD MILLION) 184
TABLE 235 NORTH AMERICA: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE, 2021–2023 (USD MILLION) 185
TABLE 236 NORTH AMERICA: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE, 2024–2030 (USD MILLION) 185
TABLE 237 NORTH AMERICA: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE, 2021–2023 (USD MILLION) 185
TABLE 238 NORTH AMERICA: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE, 2024–2030 (USD MILLION) 186
TABLE 239 NORTH AMERICA: SMART METER MARKET, BY END USER 2021–2023 (USD MILLION) 186
TABLE 240 NORTH AMERICA: SMART METER MARKET, BY END USER 2024–2030 (USD MILLION) 186
TABLE 241 NORTH AMERICA: SMART METER MARKET, BY COUNTRY 2021–2023 (USD MILLION) 186
TABLE 242 NORTH AMERICA: SMART METER MARKET, BY COUNTRY 2024–2030 (USD MILLION) 186
TABLE 243 US: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 188
TABLE 244 US: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 188
TABLE 245 US: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 188
TABLE 246 US: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 188
TABLE 247 US: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 189
TABLE 248 US: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 189
TABLE 249 US: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 189
TABLE 250 US: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 189
TABLE 251 US: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 190
TABLE 252 US: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 190
TABLE 253 CANADA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 191
TABLE 254 CANADA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 191
TABLE 255 CANADA: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION) 191
TABLE 256 CANADA: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 192
TABLE 257 CANADA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2021–2023 (USD MILLION) 192
TABLE 258 CANADA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY 2024–2030 (USD MILLION) 192
TABLE 259 CANADA: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION) 192
TABLE 260 CANADA: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION) 193
TABLE 261 CANADA: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION) 193
TABLE 262 CANADA: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION) 193