Please Wait.....
Report
Smart Meters (AMI) - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-06-01 I 149 Pages I Mordor Intelligence
Smart Meters (AMI) Market Analysis
The smart meters (AMI) market size in terms of shipment volume is expected to grow from 173.29 million units in 2025 to 257.62 million units by 2030, advancing at an 8.25% CAGR. Government-mandated deployment schedules, rising grid-resilience priorities, and edge-computing advances jointly sustain the expansion of the smart meters AMI market. Utilities accelerate capital spending, and regulators increasingly define smart metering as critical infrastructure, reducing the time between approval and rollout. At the same time, edge-AI functionality embedded in next-generation devices enables real-time analytics that improve outage response, demand forecasting, and distributed energy resource integration. Intensifying cybersecurity investments, global chip-supply diversification, and vendor efforts to bundle hardware with analytics software further propel market momentum.
Global Smart Meters (AMI) Market Trends and Insights
Government Mandates and Regulatory Push
Mandatory deployment rules transform meters from optional upgrades into compulsory grid assets. Australia's National Electricity Market now requires 100% smart meter coverage by 2030, eliminating opt-out provisions after June 2025 and ensuring universal visibility across low-voltage networks. Similar mandates surface across several U.S. states, shifting cost-benefit debates toward implementation logistics and creating predictable demand for vendors.
Rising Investments in Grid Modernisation
Utility capital programs reach record levels, underscored by FirstEnergy's USD 26 billion Energize365 plan running through 2028, which bundles smart meters with distribution automation, cybersecurity, and renewable integration infrastructure. These multiphase projects compress rollouts into five-year windows, supporting sustained equipment and software revenues for the smart meters AMI market.
High Upfront Cost and Long Payback
Smaller utilities face capital hurdles: Public Service Company of New Mexico budgets USD 188 million for 500,000 meters, translating to USD 375 per endpoint including communications and installation. Where tariff recovery is uncertain, boards delay projects or adopt phased rollouts.
Other drivers and restraints analyzed in the detailed report include:
Utility Efficiency and Loss-Reduction Needs / Smart-City and IoT Infrastructure Expansion / Cyber-Security and Data-Privacy Risks /
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Smart Electricity Meters hold 53.7% of the smart meters AMI market share in 2024, underpinning large-scale demand response programs and distributed generation integration. The segment remains central to most regulatory mandates, ensuring continued volume dominance. Smart Gas Meters follow, supported by leak-detection and safety imperatives in dense urban areas. Smart Water Meters register the fastest 8.7% CAGR because utilities combat non-revenue water losses that in some regions surpass 30%. The smart meters AMI market size for water applications is projected to expand steadily as drought-prone districts adopt continuous monitoring to enforce usage caps.
Water utilities see immediate revenue recovery when analytics expose inaccuracies; an Atlanta pilot saved over USD 1 million using AI-based meter diagnostics, showcasing how edge analytics foster rapid return on investment for the smart meters AMI industry. Multi-utility deployments leveraging a single communications backbone further lift project economics, allowing electricity, gas, and water meters to share gateways and data platforms.
RF-Mesh retains 55.9% adoption in 2024, valued for self-healing topology and high packet redundancy, particularly in dense metropolises. Yet NB-IoT and other cellular approaches are forecast to grow at 9.2% annually as nationwide 5G builds unlock low-latency, high-bandwidth channels for real-time power-quality data. The smart meters AMI market benefits from telecom operators' spectrum holdings and backhaul infrastructure, enabling utilities to avoid expensive private network rollouts.
Cellular solutions also support remote firmware updates and secure over-the-air key management, elements crucial to grid-edge cybersecurity. As IoT device density climbs, advanced spectrum management and network slicing optimise traffic prioritisation, preventing congestion and safeguarding metering performance. These capabilities encourage utilities to shift upcoming tenders towards hybrid or fully cellular architectures in the smart meters AMI industry.
Smart Meter Market is Segmented by Product Type (Smart Electricity Meters, Smart Gas Meters, and More), Communication Technology (RF-Mesh Cellular (2G/3G/4G/5G/NB-IoT), Others), Component (Hardware, Software, Services), End User (Residential, Commercial, Industrial and Utilities), and by Geography. The Market Forecasts are Provided in Terms of Volume (Units).
Geography Analysis
Asia-Pacific contributes 25.5% of global deployments in 2024, anchored by China's state-directed rollouts, India's national smart-grid roadmap, and Japan's post-Fukushima reforms. Mainland China alone has surpassed 700 million cumulative smart meter installations, benefiting from central procurement mechanisms that reduce unit costs and guarantee widespread interoperability. India's programme emphasises loss reduction and pre-payment functionality, bringing immediate cash-flow benefits to distribution companies.
The Middle East and Africa present the highest regional CAGR at 10.6% through 2030. Gulf Cooperation Council utilities leverage oil revenues to finance smart-city projects, bundling AMI with district-cooling and rooftop solar schemes, while South African and Kenyan regulators use smart metering to curb theft and widen prepaid adoption. Vendor financing and public-private partnership models gain traction where sovereign budgets are tight.
List of Companies Covered in this Report:
Landis+Gyr Group AG / Itron Inc. / Sensus USA Inc. (Xylem Inc.) / Honeywell (Elster Group) / Kamstrup A/S / Siemens AG / Schneider Electric SE / Huawei Technologies Co. Ltd. / General Electric Co. / Aclara Technologies LLC (Hubbell) / EDMI Limited (Osaki Electric) / Apator SA / Arad Group / Badger Meter Inc. / Diehl Metering GmbH / Hexing Electrical Co. Ltd. / Holley Technology Ltd. / Jiangsu Linyang Energy Co. / Wasion Holdings Ltd. / Zenner International GmbH / Neptune Technology Group (Roper) / Baylan Water Meters / ZIV Automation / Pietro Fiorentini SpA / ADD GRUP / Yazaki Corporation /
Additional Benefits:
The market estimate (ME) sheet in Excel format /
3 months of analyst support /
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET LANDSCAPE
4.1 Market Overview
4.2 Market Drivers
4.2.1 Government mandates and regulatory push
4.2.2 Rising investments in grid modernisation
4.2.3 Utility efficiency and loss-reduction needs
4.2.4 Smart-city and IoT infrastructure expansion
4.2.5 Carbon-accounting and ESG compliance needs
4.2.6 Edge-AI analytics enabling new services
4.3 Market Restraints
4.3.1 High upfront cost and long payback
4.3.2 Cyber-security and data-privacy risks
4.3.3 Legacy-grid integration complexity
4.3.4 Chip-supply volatility delays roll-outs
4.4 Supply-Chain Analysis
4.5 Regulatory Landscape
4.6 Technological Outlook
4.7 Porter's Five Forces
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Buyers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products
4.7.5 Degree of Competition
4.8 Assesment of Macroeconomic Factors on the market
5 MARKET SIZE AND GROWTH FORECASTS (VOLUME)
5.1 By Product Type
5.1.1 Smart Electricity Meters
5.1.2 Smart Gas Meters
5.1.3 Smart Water Meters
5.2 By Communication Technology
5.2.1 RF-Mesh
5.2.2 Cellular (2G/3G/4G/5G/NB-IoT)
5.2.3 Others
5.3 By Component
5.3.1 Hardware
5.3.2 Software
5.3.3 Services
5.4 By End-User
5.4.1 Residential
5.4.2 Commercial
5.4.3 Industrial and Utilities
5.5 By Region
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.2 South America
5.5.2.1 Brazil
5.5.2.2 Argentina
5.5.2.3 Rest of South America
5.5.3 Europe
5.5.3.1 Germany
5.5.3.2 United Kingdom
5.5.3.3 France
5.5.3.4 Italy
5.5.3.5 Spain
5.5.3.6 Russia
5.5.3.7 Rest of Europe
5.5.4 Asia-Pacific
5.5.4.1 China
5.5.4.2 Japan
5.5.4.3 India
5.5.4.4 South Korea
5.5.4.5 Australia and New Zealand
5.5.4.6 Southeast Asia
5.5.4.7 Rest of Asia-Pacific
5.5.5 Middle East and Africa
5.5.5.1 Middle East
5.5.5.1.1 Saudi Arabia
5.5.5.1.2 United Arab Emirates
5.5.5.1.3 Turkey
5.5.5.1.4 Rest of Middle East
5.5.5.2 Africa
5.5.5.2.1 South Africa
5.5.5.2.2 Nigeria
5.5.5.2.3 Egypt
5.5.5.2.4 Rest of Africa
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
6.4.1 Landis+Gyr Group AG
6.4.2 Itron Inc.
6.4.3 Sensus USA Inc. (Xylem Inc.)
6.4.4 Honeywell (Elster Group)
6.4.5 Kamstrup A/S
6.4.6 Siemens AG
6.4.7 Schneider Electric SE
6.4.8 Huawei Technologies Co. Ltd.
6.4.9 General Electric Co.
6.4.10 Aclara Technologies LLC (Hubbell)
6.4.11 EDMI Limited (Osaki Electric)
6.4.12 Apator SA
6.4.13 Arad Group
6.4.14 Badger Meter Inc.
6.4.15 Diehl Metering GmbH
6.4.16 Hexing Electrical Co. Ltd.
6.4.17 Holley Technology Ltd.
6.4.18 Jiangsu Linyang Energy Co.
6.4.19 Wasion Holdings Ltd.
6.4.20 Zenner International GmbH
6.4.21 Neptune Technology Group (Roper)
6.4.22 Baylan Water Meters
6.4.23 ZIV Automation
6.4.24 Pietro Fiorentini SpA
6.4.25 ADD GRUP
6.4.26 Yazaki Corporation
6.5 Market Ranking Analysis
6.5.1 Smart Electricity Meter Market
6.5.2 Smart Gas Meter Market
6.5.3 Smart Water Meter Market
7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK
7.1 White-space and Unmet-Need Assessment
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security