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Smart Electricity Meter Market: $23.46 Billion by 2031 with Single-Phase Meters Holding 63.25% Revenue Share, Reports Mordor IntelligenceHYDERABAD, India, June 10, 2026 /PRNewswire/ -- According to a recent study published by Mordor Intelligence, the smart electricity meter market is projected to grow from USD 15.02 billion in 2026 to USD 23.46 billion by 2031, registering a CAGR of 9.31% during the forecast period (2026-2031).
Market estimates indicate that growing investments in smart grid infrastructure, rising electricity demand, and the increasing need for accurate energy consumption monitoring are accelerating the adoption of smart electricity meters worldwide. Utilities and governments are increasingly deploying advanced metering systems to improve operational efficiency, reduce transmission losses, and support sustainability goals. As per the report, the expanding integration of digital technologies within power distribution networks is creating significant opportunities across the smart electricity meter industry. The transition toward intelligent energy management systems, combined with supportive regulatory frameworks, continues to contribute to long-term smart electricity meter market growth globally. Smart Electricity Meter Market Trends Shaping Utility Modernization Regulatory Upgrades Driving Smart Meter Deployments Ongoing regulatory requirements across Europe are encouraging utilities to replace older three-phase electricity meters with more advanced systems. Many providers are using this transition to deploy smart metering infrastructure that enables better energy monitoring, improved customer services, and more flexible pricing models. The shift is also creating opportunities for technology vendors and software providers supporting modern grid management and data analytics. Ashish Gautam, Senior Research Manager, Mordor Intelligence, says "For stakeholders evaluating developments in smart electricity metering, sustained visibility into deployment activity, regulatory direction, and utility investment patterns remains essential. Mordor Intelligence applies a consistent research framework grounded in multiple industry data sources and structured validation, helping decision-makers assess market conditions with greater confidence than reports built on narrower inputs." Growing Demand for Advanced Metering in Solar-Powered Households The increasing adoption of rooftop solar systems across Oceania is driving demand for smart meters capable of tracking both energy consumption and generation. As utilities move toward more dynamic pricing structures, advanced metering technologies are becoming essential for accurate billing and energy management. The success of these deployments is also influencing discussions around tariff modernization and grid flexibility in other regions. Regional Outlook for the Smart Electricity Meter Market Asia-Pacific remains a key market for smart electricity meters, supported by large-scale modernization programs and growing investments in digital energy infrastructure. Countries such as China, India, Japan, and South Korea are accelerating smart meter deployments to improve grid efficiency, support renewable energy integration, and strengthen power quality monitoring capabilities. In Europe and the Middle East, regulatory initiatives and utility-led digitalization efforts are driving smart meter adoption. Utilities are increasingly investing in advanced metering infrastructure to enhance billing accuracy, enable flexible tariff models, improve outage management, and support broader energy efficiency and sustainability objectives. Table of Contents (Partial) - Smart Electric Meter Market 1. INTRODUCTION 2. RESEARCH METHODOLOGY 3. EXECUTIVE SUMMARY 4. MARKET LANDSCAPE 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 Others 4.3 Market Restraints 4.4 Industry Value Chain Analysis 4.5 Regulatory Outlook 4.6 Technological Outlook 4.7 Porter's Five Forces Analysis 5. MARKET SIZE AND GROWTH FORECASTS (VALUE) 5.2 By Communication Technology 5.3 By Technology 5.4 By End-user 5.5 By Installation Mode 5.6 By Geography 6. COMPETITIVE LANDSCAPE Explore more insights on smart electric meter competitive landscape 7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK Related Reports by Mordor Intelligence Smart Meters Market Growth Advanced Metering Infrastructure Market Trends Itron Inc., IBM Corporation, Siemens AG, Schneider Electric SE, and Honeywell International Inc. are the major companies operating in this market. Read more about companies active in the Advanced Metering Infrastructure Market: Smart Water Meter Market Outlook Watertech S.P.A (Arad Group), Mom Zrt, Apator SA, Arad Group, and Axioma Metering are the major companies operating in this market. Read more about companies active in the Smart Water Meter Market: About Mordor Intelligence: For any inquiries, please contact:
SOURCE Mordor Intelligence Private Limited 
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