Saudi Arabia Smart Meter Market Size & Outlook, 2026-2033
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Saudi Arabia smart meter market highlights
- The Saudi Arabia smart meter market generated a revenue of USD 550.4 million in 2025 and is expected to reach USD 1,018.0 million by 2033.
- The Saudi Arabia market is expected to grow at a CAGR of 7.6% from 2026 to 2033.
- In terms of segment, smart electric meter was the largest revenue generating type in 2025.
- Smart Gas Meter is the most lucrative type segment registering the fastest growth during the forecast period.
Smart meter market data book summary
| Market revenue in 2025 | USD 550.4 million |
| Market revenue in 2033 | USD 1,018.0 million |
| Growth rate | 7.6% (CAGR from 2026 to 2033) |
| Largest segment | Smart electric meter |
| Fastest growing segment | Smart Gas Meter |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Electric Meter, Smart Water Meter, Smart Gas Meter |
| Key market players worldwide | Siemens AG, Honeywell International Inc, ABB Ltd, Larsen & Toubro Ltd DR, Xylem Inc, Sagemcom, Shenzhen Kaifa Technology, Itron Inc, Landis+Gyr Group AG, Wasion Holdings Ltd |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.8% of the global smart meter market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Middle East & Africa, UAE smart meter market is projected to lead the regional market in terms of revenue in 2033.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,162.9 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 |
Saudi Arabia 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 78.29% in 2025. Horizon Databook has segmented the Saudi Arabia 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.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia smart meter market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia smart meter market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia smart meter market size, by type, 2021-2033 (US$M)
Saudi Arabia Smart Meter Market Outlook Share, 2025 & 2033 (US$M)
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