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The technologies in smart electric meter market have undergone significant change in recent years, evolving from manually meter reading to remote and automated meter reading (smart meters). The rising wave of new technologies such as, cellular and RFID are creating significant potential for smart electric meters in applications, such as residential and commercial, and driving the demand for electric meter technologies

In smart electric meter market, radio frequency, power line communication, and cellular technologies are used for measured electricity consumption. Increasing need for efficient data monitoring systems, favorable government policies for smart meter rollout, and cost savings advantage in smart meters are creating new opportunities for various electric meter technologies.

Some of the latest technological developments by various countries in the smart electric meter market are as follows:
  • United States: Landis+Gyr and Itron are leading developments in smart meters utilizing power line communication (PLC) technology. Landis+Gyr recently announced the launch of its Gridstream Connect PLC smart meters, offering advanced metering capabilities and seamless integration with utility networks. The company aims to deploy millions of smart meters across the country to support grid modernization efforts and improve energy efficiency.
  • United Kingdom: British Gas, in partnership with Siemens, is implementing radio frequency (RF) smart meters to enable remote meter reading and real-time energy monitoring for the residential and commercial customers. The initiative aims to replace traditional meters with smart meters to enhance customer engagement and support the transition to a smarter energy infrastructure.
  • China: State Grid Corporation and Huawei Technologies are collaborating to deploy smart meters with cellular technology across the country. Huawei's OceanConnect IoT platform enables remote meter reading and data analytics, facilitating energy management and grid optimization initiatives. The companies aim to install millions of cellular-enabled smart meters to improve energy efficiency and support sustainable development goals.
  • India: Tata Power, in collaboration with L&T Electrical & Automation, is implementing smart meters with PLC technology to enhance metering accuracy and enable real-time data monitoring. The initiative aims to improve revenue collection and reduce non-technical losses in the distribution network. Tata Power has set targets to deploy smart meters in major cities across India to improve service reliability and customer satisfaction.

This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the smart electric meter market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.


 
Smart Electric Meter Technology Market

Smart Electric Meter Technology Segments

 
 
Smart Electric Meter Technology Heat Map

The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications the global smart electric meter market by application, technology, and region as follows:

Technology Readiness by Technology Type

Competitive Intensity and Regulatory Compliance

Disruption Potential by Technology Type

Trends and Forecasts by Technology Type [$M shipment analysis from 2018 to 2030]:
  • Radio Frequency
  • Power Line Communication
  • Cellular Technology
  • Others

Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
  • Residential
    • Radio Frequency
    • Power Line Communication
    • Cellular Technology
    • Others
  • Commercial
    • Radio Frequency
    • Power Line Communication
    • Cellular Technology
    • Others
  • Industrial
    • Radio Frequency
    • Power Line Communication
    • Cellular Technology
    • Others
  • Others
    • Radio Frequency
    • Power Line Communication
    • Cellular Technology
    • Others

Technology Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:       
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • United Kingdom
    • Germany
    • France
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
  • The Rest of the World
 
Latest Developments and Innovations in the Smart Electric Meter Technologies

Companies / Ecosystems

Strategic Opportunities by Technology Type

Some of the smart electric meter companies profiled in this report include Itron, Landis+Gyr, Jiangsu Linyang, Wasion, Aclara Technologies, Schneider, Siemens, Honeywell, and Iskraemeco.

Below are the latest technological developments from top companies in the smart electric meter market:
  • British Gas, one of the largest energy suppliers in the UK, has announced the rollout of the next-generation smart meters utilizing radio frequency (RF) technology. The new smart meters enable real-time energy monitoring and consumption tracking for the residential and commercial customers, contributing to energy efficiency efforts and reducing carbon emissions.
  • Landis+Gyr, a global leader in energy management solutions, has introduced its latest Gridstream Connect PLC smart meters, leveraging power line communication technology. These smart meters offer advanced metering functionalities and seamless integration with utility networks, enabling utilities to improve grid reliability and optimize energy distribution.
  • Huawei Technologies has unveiled its OceanConnect IoT platform, powering smart meters with cellular technology for remote meter reading and data analytics. This platform enables utilities to enhance grid management, reduce operational costs, and provide customers with personalized energy insights. Huawei aims to accelerate the adoption of cellular-enabled smart meters worldwide.
  • Tata Power, a leading energy company in India, has launched its smart metering business in collaboration with L&T Electrical & Automation. The initiative focuses on deploying smart meters equipped with advanced metering infrastructure (AMI) technology, including innovative sensor solutions and data analytics capabilities. Tata Power aims to improve operational efficiency and customer satisfaction through smart metering solutions.
This report answers following 9 key questions:
Q.1 What are some of the most promising and high-growth technology opportunities for the smart electric meter market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in smart electric meter market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in smart electric meter market?
Q.6 What are the latest developments in smart electric meter technologies? Which companies are leading these developments? 
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this smart electric meter market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this smart electric meter technology space?

Table of Contents


1. Executive Summary

2. Technology Landscape
2.1: Technology Background and Evolution
2.2: Technology and Application Mapping
2.3: Supply Chain
 
3. Technology Readiness
3.1: Technology Commercialization and Readiness
3.2: Drivers and Challenges in Smart Electric Meter Technologies
3.3: Competitive Intensity
3.4: Regulatory Compliance
 
4. Technology Trends and Forecasts Analysis from 2018-2030
4.1: Smart Electric Meter Opportunity
4.2: Technology Trends (2018-2023) and Forecasts (2024-2030)
4.2.1: Radio Frequency
4.2.2: Power Line Communication
4.2.3: Cellular Technology
4.2.4: Others
4.3: Technology Trends (2018-2023) and Forecasts  (2024-2030) by Application Segments
4.3.1: Residential by Technology
4.3.1.1: Radio Frequency
4.3.1.2: Power Line Communication
4.3.1.3: Cellular Technology
4.3.1.4: Others
4.3.2: Commercial by Technology
4.3.2.1: Radio Frequency
4.3.2.2: Power Line Communication
4.3.2.3: Cellular Technology
4.3.2.4: Others
4.3.3: Industrial by Technology
4.3.3.1: Radio Frequency
4.3.3.2: Power Line Communication
4.3.3.3: Cellular Technology
4.3.3.4: Others
4.3.4: Others by Technology
4.3.4.1: Radio Frequency
4.3.4.2: Power Line Communication
4.3.4.3: Cellular Technology
4.3.4.4: Others

5. Technology Opportunities (2018-2030) by Region
5.1: Smart Electric Meter Market by Region
5.2: North American Smart Electric Meter Technology Market
5.2.1: United States Smart Electric Meter Technology Market
5.2.2: Canadian Smart Electric Meter Technology Market
5.2.3: Mexican Smart Electric Meter Technology Market
5.3: European Smart Electric Meter Technology Market
5.3.1: The United Kingdom Smart Electric Meter Technology Market
5.3.2: German Smart Electric Meter Technology Market
5.3.3: French Smart Electric Meter Technology Market
5.4: APAC Smart Electric Meter Technology Market
5.4.1: Chinese Smart Electric Meter Technology Market
5.4.2: Japanese Smart Electric Meter Technology Market
5.4.3: Indian Smart Electric Meter Technology Market
5.4.4: South Korean Smart Electric Meter Technology Market
5.5: ROW Smart Electric Meter Technology Market
 
6. Latest Developments and Innovations in the Smart Electric Meter Technologies
 
7. Companies / Ecosystem
7.1: Product Portfolio Analysis
7.2: Market Share Analysis
7.3: Geographical Reach
 
8. Strategic Implications
8.1: Implications
8.2: Growth Opportunity Analysis
8.2.1: Growth Opportunities for the Smart Electric Meter Market by Technology Type
8.2.2: Growth Opportunities for the Smart Electric Meter Market by Application
8.2.3: Growth Opportunities for the Smart Electric Meter Market by Region
8.3: Emerging Trends in the Smart Electric Meter Market
8.4: Disruption Potential
8.5: Strategic Analysis
8.5.1: New Product Development
8.5.2: Capacity Expansion of the Smart Electric Meter Market
8.5.3: Mergers, Acquisitions, and Joint Ventures in the Smart Electric Meter Market
 
9. Company Profiles of Leading Players
9.1: Itron
9.2: Landis+Gyr
9.3: Jiangsu Linyang
9.4: Wasion
9.5: Aclara Technologies
9.6: Schneider
9.7: Siemens
9.8: Honeywell
9.9: Iskraemeco
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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