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Smart Electricity Metering Industry, Global, 2024–2032

Publisher Frost & Sullivan
Published Oct 13, 2025
SKU # MC20476926

Description

This global smart electricity meter industry research provides insights into the latest market developments, including forecasts for unit shipments and associated revenues across all major regions. The industry has largely overcome the supply chain disruptions of 2021 to 2023 and is now set for a consistent growth trajectory for the entire forecast period. China is the largest country market, with approximately 70 million installed per year. India will become the second-largest market, thanks to the mass rollout across over 250 million households. In Europe and North America, the penetration rate of smart metering is relatively high, but many of these markets will start to replace meters with second-generation technologies.

Smart meters provide real-time information for home energy management and analytics, electric vehicle (EV) integration, local consumption management, detailed monitoring of the low-voltage grid, voltage and power information, optimized power management, and predictive asset maintenance. These solutions will be crucial for justifying the big data and artificial intelligence (AI) investments being made by utilities and for generating timely and actionable insights.

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