Global Smart Meter Market Size & Outlook, 2026-2033
Global smart meter market, 2021-2033 (US$M)
Related Markets
Global smart meter market highlights
- The global smart meter market generated a revenue of USD 30,918.7 million in 2025 and is expected to reach USD 58,732.4 million by 2033.
- The market is expected to grow at a CAGR (2026 - 2033) of 7.9% by 2033.
- In terms of segment, smart electric meter accounted for a revenue of USD 23,455.6 million in 2025.
- Smart Water Meter is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2025.
- Country-wise, Japan is expected to register the highest CAGR from 2026 to 2033.
Global data book summary
| Market revenue in 2025 | USD 30,918.7 million |
| Market revenue in 2033 | USD 58,732.4 million |
| Growth rate | 7.9% (CAGR from 2026 to 2033) |
| Largest segment | Smart electric meter |
| Fastest growing segment | Smart Water Meter |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Electric Meter, Smart Water Meter, Smart Gas Meter |
Other key industry trends
- In terms of revenue, the North America accounted for 26.5% of the global smart meter market in 2025.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, Japan is the fastest growing regional market and is projected to reach USD 3,964.5 million by 2033.
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Smart Meter Market Scope
Smart Meter Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shenzhen Kaifa Technology | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | https://en.kaifa.cn |
| Wasion Holdings Ltd | View profile | 4929 | 168-200 Connaught Road Central, Unit 2605, 26th Floor, West Tower, Shun Tak Centre, Hong Kong, Hong Kong | https://www.wasion.com |
| Sagemcom | View profile | 5001-10000 | Rueil-malmaison, Ile-de-France, France, Europe | http://www.sagemcom.com/ |
| Landis+Gyr Group AG | View profile | 7750 | Alte Steinhauserstrasse 18, Cham, Switzerland, CH-6330 | https://www.landisgyr.com |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Itron Inc | View profile | 5859 | 2111 North Molter Road, Liberty Lake, WA, United States, 99019 | https://www.itron.com |
| Xylem Inc | View profile | 23000 | 300 Water Street SE, Washington, DC, United States, 20003 | https://www.xylem.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
Global smart meter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart meter market will help companies and investors design strategic landscapes.
Smart electric meter was the largest segment with a revenue share of 75.86% in 2025. Horizon Databook has segmented the Global smart meter market based on smart electric meter, smart water meter, smart gas meter covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Smart Meter Type Outlook (Revenue, USD Million, 2021-2033)
- Smart Electric Meter
- Smart Water Meter
- Smart Gas Meter
- Global Smart Meter Component Outlook (Revenue, USD Million, 2021-2033)
- Hardware
- Software
- Global Smart Meter Technology Outlook (Revenue, USD Million, 2021-2033)
- Automatic Meter Reading(AMR)
- Advanced Meter Infrastructure (AMI)
- Global Smart Meter End Use Outlook (Revenue, USD Million, 2021-2033)
- Residential
- Commercial
- Industrial
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Target buyers of Global smart meter market databook
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Our clientele includes a mix of smart meter market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global smart meter market , including forecasts for subscribers. This global databook contains high-level insights into Global smart meter market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global smart meter market size, by regions, 2021-2033 (US$M)
Top 10 countries: Smart meter market size, 2025 (US$M)
Global smart meter market share, by type, 2025 & 2033 (%, US$M)
Smart meter market: Opportunity assessment by country
Global smart meter market, by region, 2025 (US$M)
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