スマートメーター市場 – 2030年までの世界予測

Smart Meter Market - Global Forecast To 2030

スマートメーター市場 - タイプ (電気、ガス、水道)、コンポーネント (ハードウェア、ソフトウェア)、テクノロジー (AMI、AMR)、通信テクノロジー (RF、PLC、セルラー)、エンドユーザー (住宅、商業、産業)、および地域別 - 2030年までの世界予測
Smart Meter Market by Type (Electric, Gas, Water), Component (Hardware, Software), Technology (AMI, AMR), Communication Technology (RF, PLC, Cellular), End User (Residential, Commercial, Industrial), and Region - Global Forecast to 2030

商品番号 : SMB-10709

出版社MarketsandMarkets
出版年月2025年3月
ページ数366
図表数571
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global smart meter market is estimated to grow from USD 26.36 Billion in 2024 to USD 46.14 Billion by 2030; it is expected to record a CAGR of 9.8% during the forecast period. Governments worldwide are undertaking several initiatives to meet future electricity demands and are focusing on reducing carbon footprint by promoting the use of renewable energy sources to produce energy. Smart meters will play a crucial role in achieving these initiatives.

世界のスマートメーター市場は、2024 年の 263.6 億米ドルから 2030 年までに 461.4 億米ドルに成長すると予測されており、予測期間中に 9.8% の CAGR を記録すると予想されています。世界中の政府は、将来の電力需要を満たすためにいくつかの取り組みを行っており、再生可能エネルギー源によるエネルギー生産を促進することで二酸化炭素排出量を削減することに重点を置いています。スマートメーターは、これらの取り組みを達成する上で重要な役割を果たします。

スマートメーター市場 - 2030年までの世界予測
smart-meter-market

“Software: The fastest segment of the smart meter market, by component “

Based on components, the smart meter market has been split into hardware and software. The customer information system (CIS), meter data management system (MDMS), and metering and billing software are critical software components of smart meters. The software helps manage the operations of smart meters once deployed by the utilities. Smart meter software aids in the detection of abnormal utility consumption patterns and the accurate billing of consumers.

“AMI segment is expected to emerge as the largest segment based on technology”

By technology, the smart meter market has been segmented into AMI & AMR. AMI enables the meters to collect and transmit data on utility and energy use in real-time. The foundation of smart grid projects is smart meters employing AMI technology, and rising investment in such projects serves as a major growth driver for the market for AMI smart meters

“Europe is expected to be the second largest market during the forecast period.”

Europe is expected to be the second-largest market in the global smart meters in 2024 and is among the pioneers in adopting smart meters technology. Major western European countries such as France, Germany, Italy, Spain, and the UK are growing markets for smart meters. The European Union has already started the modernization and transformation toward a climate-neutral economy and plans to become the world’s first major economy to go climate neutral by 2050.

スマートメーター市場 - 2030年までの世界予測 region
smart-meter-market-region

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%
  • By Designation: C-Level- 30%, Managers- 25%, and Others- 45%
  • By Region: North Americas- 30%, Europe- 20%, Asia Pacific- 25%, and the Middle East & Africa- 15%  and South America- 10%

Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

Landis+Gyr (Switzerland), Itron Inc. (US), Sagemcom (France), OSAKI ELECTRIC CO., LTD. (EDMI) (Singapore), Siemens (Germany)  are some of the key players in the smart meter market. The study includes an in-depth competitive analysis of these key, with their company profiles, recent developments, and key market strategies.

スマートメーター市場 - 2030年までの世界予測 ecosystem
smart-meter-market-ecosystem

Research Coverage:

The report defines, describes, and forecasts the global smart meter market, by type, component, technology, communication, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the smart meter market.

Key Benefits of Buying the Report

  • Analysis of key drivers, restraints, opportunities and challenges influences the growth of the smart meter  market.
  • Market Development: In 2023, Italy has 21 million water meters installed, with only 17% being smart devices. The USD 937-million allocation will drive a massive modernization effort, targeting the replacement of approximately 13.5 million traditional water meters with digitized versions. Several countries in the region are replacing older water meters with smart water meters, which is further creating opportunities for players operating in this regional market.
  • Product Innovation/ Development: The smart meter market is evolving with incorporation of Internet of Things, Artificial Intelligence, and cloud-based innovations to perform real-time monitoring, leak detection, and automation in billing. Advanced sensing technology increases accuracy levels, and further advancements through LoRaWAN and NB-IoT promote remote connectivity. Sustainability and Smart Cities have seen innovations in improving battery life, cybersecurity, and predictive maintenance are driving the future of water metering.
  • Market Diversification: In March 2024, Aclara partnered with Utilidata to integrate their distributed AI platform into Aclara’s smart meters. This collaboration is intended to enhance grid operations and improve the management of water resources through advanced analytics and real-time data processing.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Landis+Gyr (Switzerland), Itron Inc. (US), Sagemcom (France), OSAKI ELECTRIC CO., LTD. (EDMI) (Singapore), Siemens (Germany), Badger Meter, Inc. (US), Sensus (Xylem) (US), Honeywell International Inc. (US), Aclara (Hubbell) (US), Kamstrup (Denmark), and Wasion Holdings International (China) among others in the smart meter market.

Table of Contents

1               INTRODUCTION              32

1.1           STUDY OBJECTIVES       32

1.2           MARKET DEFINITION   32

1.3           STUDY SCOPE   33

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      33

1.3.2        YEARS CONSIDERED      34

1.3.3        INCLUSIONS AND EXCLUSIONS 34

1.4           CURRENCY CONSIDERED            35

1.5           UNIT CONSIDERED        35

1.6           LIMITATIONS    35

1.7           STAKEHOLDERS               35

1.8           SUMMARY OF CHANGES               36

2               RESEARCH METHODOLOGY       37

2.1           RESEARCH DATA              37

2.1.1        SECONDARY DATA          39

2.1.1.1    List of key secondary sources              39

2.1.1.2    Key data from secondary sources       39

2.1.2        PRIMARY DATA 40

2.1.2.1    List of primary interview participants               40

2.1.2.2    Key industry insights           40

2.1.2.3    Breakdown of primaries      41

2.1.2.4    Key data from primary sources           41

2.2           MARKET BREAKDOWN AND DATA TRIANGULATION                 42

2.3           MARKET SIZE ESTIMATION         43

2.3.1        BOTTOM-UP APPROACH              43

2.3.2        TOP-DOWN APPROACH                44

2.3.3        DEMAND-SIDE ANALYSIS             45

2.3.3.1    Demand-side assumptions 45

2.3.3.2    Demand-side calculations   46

2.3.4        SUPPLY-SIDE ANALYSIS                 46

2.3.4.1    Supply-side assumptions     47

2.3.4.2    Supply-side calculations      47

2.4           RESEARCH ASSUMPTIONS           48

2.5           RESEARCH LIMITATIONS             48

2.6           RISK ANALYSIS  49

3               EXECUTIVE SUMMARY  50

4               PREMIUM INSIGHTS       55

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SMART METER MARKET               55

4.2           SMART METER MARKET IN ASIA PACIFIC, BY END USER  AND COUNTRY 56

4.3           SMART METER MARKET, BY TYPE            56

4.4           SMART METER MARKET, BY END USER 57

4.5           SMART METER MARKET, BY TECHNOLOGY         57

4.6           SMART METER MARKET, BY COMPONENT           58

4.7           SMART METER MARKET, BY COMMUNICATION TECHNOLOGY  58

4.8           SMART METER MARKET, BY REGION      59

5               MARKET OVERVIEW       60

5.1           INTRODUCTION              60

5.2           MARKET DYNAMICS       61

5.2.1        DRIVERS               61

5.2.1.1    Government focus on modernizing grid infrastructure  61

5.2.1.2    Greater emphasis on cutting energy bills by monitoring real-time consumption          63

5.2.1.3    Dynamic electricity pricing 64

5.2.1.4    High adoption of preventive measures against grid blackouts and utility system failures           64

5.2.1.5    Increased need to monitor energy consumption to achieve

carbon neutrality  64

5.2.2        RESTRAINTS      65

5.2.2.1    High setup and operational costs, coupled with

interoperability issues          65

5.2.2.2    Concerns related to consumer acceptance and ROI delays                 66

5.2.3        OPPORTUNITIES              66

5.2.3.1    Pressing need to reduce non-revenue water losses         66

5.2.3.2    Focus of governments worldwide on reducing aggregate technical and commercial losses in power grids                67

5.2.3.3    Integration of AI and ML technologies into smart meters                 67

5.2.3.4    Rising adoption of electric and hybrid vehicles                68

5.2.3.5    Increasing focus of developing countries on improving water distribution networks           69

5.2.4        CHALLENGES    70

5.2.4.1    Requirement for highly skilled professionals, coupled with data privacy and security concerns             70

5.2.4.2    Complexities in building reliable connections between smart meters and smart grid devices            70

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            71

5.4           PRICING ANALYSIS          72

5.4.1        INDICATIVE PRICING OF SMART METERS, BY METER TYPE, 2023           72

5.4.2        AVERAGE SELLING PRICE TREND OF SMART METERS,

BY REGION, 2021–2023    72

5.5           VALUE CHAIN ANALYSIS               73

5.6           ECOSYSTEM ANALYSIS  75

5.7           TECHNOLOGY ANALYSIS             77

5.7.1        KEY TECHNOLOGIES     77

5.7.1.1    Advanced metering infrastructure (AMI)        77

5.7.1.2    Virtual time of use (VTOU)               77

5.7.2        COMPLEMENTARY TECHNOLOGIES       77

5.7.2.1    Home energy management systems (HEMS) 77

5.7.3        ADJACENT TECHNOLOGIES       77

5.7.3.1    Smart grid              77

5.7.3.2    Cybersecurity solutions for smart meters         78

5.8           CASE STUDY ANALYSIS 78

5.8.1        SMART METERING TRANSFORMED UTILITY COMPANIES FROM BUDGET DEFICIT TO SURPLUS          78

5.8.2        YORKSHIRE WATER DEPLOYS SMART METERS FROM NETMORE GROUP TO REDUCE WATER LOSS     78

5.8.3        WESTERN MUNICIPAL WATER DISTRICT INSTALLS NEPTUNE’S

WATER METERS FOR REMOTE METER READING               79

5.9           PATENT ANALYSIS          79

5.10         TRADE ANALYSIS             82

5.10.1      EXPORT SCENARIO (HS CODE 9028)        82

5.10.2      IMPORT SCENARIO (HS CODE 9028)        83

5.11         KEY CONFERENCES AND EVENTS, 2025  84

5.12         REGULATORY LANDSCAPE         85

5.13         PORTER’S FIVE FORCES ANALYSIS           89

5.13.1      THREAT OF SUBSTITUTES          90

5.13.2      BARGAINING POWER OF SUPPLIERS       90

5.13.3      BARGAINING POWER OF BUYERS             90

5.13.4      THREAT OF NEW ENTRANTS      90

5.13.5      INTENSITY OF COMPETITIVE RIVALRY 91

5.14         KEY STAKEHOLDERS AND BUYING CRITERIA     91

5.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           91

5.14.2      BUYING CRITERIA           92

5.15         INVESTMENT AND FUNDING SCENARIO               92

5.16         IMPACT OF GEN AI/AI ON SMART METER MARKET                 93

5.16.1      ADOPTION OF GEN AI/AI FOR SMART METER APPLICATIONS 93

5.16.2      IMPACT OF GEN AI/AI ON SMART METER SUPPLY CHAIN, BY REGION         94

5.17         GLOBAL MACROECONOMIC OUTLOOK                95

5.17.1      INTRODUCTION              95

5.17.2      RISE IN SMART GRID INVESTMENTS WORLDWIDE                 95

5.17.3      TECHNOLOGICAL ADVANCEMENTS      95

5.17.4      GOVERNMENT SUPPORT AND REGULATORY MANDATES        95

5.17.5      STRONG FOCUS OF CONSUMERS ON ADOPTING ENERGY-EFFICIENT PRODUCTS                95

6               SMART METER MARKET, BY COMPONENT           96

6.1           INTRODUCTION              97

6.2           HARDWARE        98

6.2.1        POWER SYSTEMS             99

6.2.1.1    Growing demand for efficient electricity management solutions to ensure reliable operations during outages to drive market        99

6.2.2        MICROCONTROLLERS   100

6.2.2.1    Rising integration of AI or IoT technologies for improved functionality to fuel segmental growth              100

6.2.3        COMMUNICATION INTERFACES               100

6.2.3.1    Increasing adoption of wireless protocols to connect networks within grids to augment segmental growth      100

6.3           SOFTWARE         100

6.3.1        CUSTOMER INFORMATION SYSTEMS (CIS)          102

6.3.1.1    Rising adoption of advanced analytics to gain comprehensive understanding of operations to foster segmental growth                102

6.3.2        METER DATA MANAGEMENT SYSTEMS (MDMS)                 102

6.3.2.1    Increasing government focus on accurate billing, demand response, and energy efficiency to boost segmental growth          102

6.3.3        METERING & BILLING SOFTWARE            103

6.3.3.1    Growing focus on automated billing process and enhanced customer experience to bolster segmental growth           103

7               SMART METER MARKET, BY COMMUNICATION TECHNOLOGY  104

7.1           INTRODUCTION              105

7.2           RADIO FREQUENCY (RF)               106

7.2.1        LOW MAINTENANCE COSTS AND POWER CONSUMPTION TO CONTRIBUTE TO SEGMENTAL GROWTH                 106

7.3           POWER LINE COMMUNICATION (PLC)  107

7.3.1        COMPATIBILITY WITH EXISTING UTILITY INFRASTRUCTURE TO ACCELERATE SEGMENTAL GROWTH                 107

7.4           CELLULAR           108

7.4.1        LOW INVESTMENT COSTS AND RELIABLE PERFORMANCE TO FOSTER SEGMENTAL GROWTH        108

8               SMART METER MARKET, BY TECHNOLOGY         110

8.1           INTRODUCTION              111

8.2           ADVANCED METERING INFRASTRUCTURE (AMI)                 112

8.2.1        RISING INVESTMENT IN SMART GRID INITIATIVES TO FUEL SEGMENTAL GROWTH      112

8.3           AUTOMATIC METER READING (AMR)    113

8.3.1        ACCURACY AND RELIABILITY OF DATA COLLECTION TO BOOST

SEGMENTAL GROWTH  113

9               SMART METER MARKET, BY END USER 115

9.1           INTRODUCTION              116

9.2           RESIDENTIAL    117

9.2.1        STRONG FOCUS ON POWER GRID MODERNIZATION TO AUGMENT SEGMENTAL GROWTH           117

9.3           COMMERCIAL   118

9.3.1        IMPROVED ENERGY EFFICIENCY AND REMOTE MANAGEMENT OF

ENERGY CONSUMPTION TO SPUR DEMAND      118

9.4           INDUSTRIAL      119

9.4.1        IMPLEMENTATION OF ENERGY EFFICIENCY STANDARDS TO FUEL

SEGMENTAL GROWTH                119

10            SMART METER MARKET, BY TYPE            120

10.1         INTRODUCTION              121

10.2         ELECTRIC            122

10.2.1      HIGH EMPHASIS ON REDUCING ENERGY CONSUMPTION AND IMPROVING COST SAVINGS TO BOOST SEGMENTAL GROWTH  122

10.3         GAS        123

10.3.1      LOW RISKS OF FIRE HAZARDS AND REMOTE MONITORING BENEFITS TO FOSTER SEGMENTAL GROWTH                 123

10.4         WATER 124

10.4.1      RAPID URBANIZATION AND SUSTAINABILITY TARGETS TO AUGMENT SEGMENTAL GROWTH    124

11            SMART METER MARKET, BY REGION      127

11.1         INTRODUCTION              128

11.2         ASIA PACIFIC     130

11.2.1      CHINA  136

11.2.1.1  Strategic investments in grid infrastructure modernization initiatives to augment market growth                136

11.2.2      AUSTRALIA         140

11.2.2.1  Government-driven goals to achieve net-zero emissions to contribute to market growth               140

11.2.3      JAPAN   143

11.2.3.1  Shifting focus toward renewable energy and electric vehicles to foster market growth            143

11.2.4      INDIA    146

11.2.4.1  Strong focus on enhancing renewable energy capacity to boost market growth       146

11.2.5      SOUTH KOREA  149

11.2.5.1  Rising emphasis on achieving carbon neutrality in power generation to fuel market growth       149

11.2.6      REST OF ASIA PACIFIC   152

11.3         EUROPE               155

11.3.1      GERMANY           160

11.3.1.1  Increasing generation of renewable energy to contribute to market growth       160

11.3.2      FRANCE                163

11.3.2.1  Rising development of smart grid infrastructure to bolster market growth    163

11.3.3      ITALY    166

11.3.3.1  Increasing focus on replacing traditional meters with advanced counterparts to drive market               166

11.3.4      UK          169

11.3.4.1  Growing emphasis on modernizing energy infrastructure to contribute to market growth               169

11.3.5      SPAIN    172

11.3.5.1  Increasing focus on enhancing energy efficiency and promoting electrification to augment market growth         172

11.3.6      POLAND               175

11.3.6.1  Rising integration of renewable energy sources to foster market growth    175

11.3.7      REST OF EUROPE             178

11.4         NORTH AMERICA             181

11.4.1      US           187

11.4.1.1  Rising adoption of electric vehicles and renewable energy to facilitate market growth       187

11.4.2      CANADA               190

11.4.2.1  Growing focus on grid infrastructure modernization to support market growth       190

11.4.3      MEXICO                194

11.4.3.1  High commitment to creating sustainable power sector to bolster market growth       194

11.5         MIDDLE EAST & AFRICA                197

11.5.1      GCC       203

11.5.1.1  Saudi Arabia          203

11.5.1.1.1                Increasing focus on energy efficiency and grid modernization to boost market growth             203

11.5.1.2  UAE        206

11.5.1.2.1                Rising implementation of renewable energy policies to foster market growth            206

11.5.1.3  Qatar      209

11.5.1.3.1                Growing demand for advanced metering infrastructure to augment market growth  209

11.5.2      ISRAEL  212

11.5.2.1  Increasing supply of advanced electricity meters in residential sector to contribute to market growth               212

11.5.3      SOUTH AFRICA 215

11.5.3.1  Rapid advances in smart utility infrastructure to accelerate

market growth       215

11.5.4      EGYPT  218

11.5.4.1  Rising implementation of electricity interconnection projects

to drive market      218

11.5.5      TURKEY                221

11.5.5.1  Increasing development of power metering infrastructure to

fuel market growth                221

11.5.6      REST OF MIDDLE EAST & AFRICA             224

11.6         SOUTH AMERICA             228

11.6.1      BRAZIL 233

11.6.1.1  Rising investment in transmission and distribution infrastructure to accelerate market growth                233

11.6.2      ARGENTINA       236

11.6.2.1  Growing efforts to improve electricity supply to boost market growth    236

11.6.3      CHILE   239

11.6.3.1  Rapid advances in renewable energy sector to augment

market growth       239

11.6.4      REST OF SOUTH AMERICA           242

12            COMPETITIVE LANDSCAPE         246

12.1         OVERVIEW          246

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025                 246

12.3         MARKET SHARE ANALYSIS, 2023                 249

12.4         REVENUE ANALYSIS, 2019–2023  251

12.5         COMPANY VALUATION AND FINANCIAL METRICS, 2025                 252

12.6         PRODUCT COMPARISON              253

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 253

12.7.1      STARS   253

12.7.2      EMERGING LEADERS     253

12.7.3      PERVASIVE PLAYERS      253

12.7.4      PARTICIPANTS 254

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         255

12.7.5.1  Company footprint               255

12.7.5.2  Region footprint   257

12.7.5.3  Type footprint       258

12.7.5.4  Technology footprint           259

12.7.5.5  Component footprint           260

12.7.5.6  End user footprint                 261

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        262

12.8.1      PROGRESSIVE COMPANIES         262

12.8.2      RESPONSIVE COMPANIES            262

12.8.3      DYNAMIC COMPANIES  262

12.8.4      STARTING BLOCKS         262

12.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 264

12.8.5.1  Detailed list of key startups/SMEs    264

12.8.5.2  Competitive benchmarking of key startups/SMEs          265

12.9         COMPETITIVE SCENARIO             265

12.9.1      PRODUCT LAUNCHES   265

12.9.2      DEALS  266

12.9.3      EXPANSIONS     268

12.9.4      OTHER DEVELOPMENTS              268

13            COMPANY PROFILES      270

13.1         KEY PLAYERS     270

13.1.1      LANDIS+GYR     270

13.1.1.1  Business overview 270

13.1.1.2  Products/Services/Solutions offered 271

13.1.1.3  Recent developments           273

13.1.1.3.1                Product launches  273

13.1.1.3.2                Deals      274

13.1.1.3.3                Other developments             275

13.1.1.4  MnM view              276

13.1.1.4.1                Key strengths/Right to win 276

13.1.1.4.2                Strategic choices   276

13.1.1.4.3                Weaknesses/Competitive threats       276

13.1.2      ITRON INC.         277

13.1.2.1  Business overview 277

13.1.2.2  Products/Services/Solutions offered 278

13.1.2.3  Recent developments           282

13.1.2.3.1                Product launches  282

13.1.2.3.2                Deals      283

13.1.2.3.3                Other developments             284

13.1.2.4  MnM view              285

13.1.2.4.1                Key strengths/Right to win 285

13.1.2.4.2                Strategic choices   285

13.1.2.4.3                Weaknesses/Competitive threats       285

13.1.3      SIEMENS              286

13.1.3.1  Business overview 286

13.1.3.2  Products/Services/Solutions offered 287

13.1.3.3  Recent developments           290

13.1.3.3.1                Deals      290

13.1.3.4  MnM view              291

13.1.3.4.1                Key strengths/Right to win 291

13.1.3.4.2                Strategic choices   291

13.1.3.4.3                Weaknesses/Competitive threats       291

13.1.4      OSAKI ELECTRIC CO., LTD. (EDMI)          292

13.1.4.1  Business overview 292

13.1.4.2  Products/Services/Solutions offered 292

13.1.4.3  Recent developments           298

13.1.4.3.1                Product launches  298

13.1.4.3.2                Other developments             298

13.1.4.4  MnM view              298

13.1.4.4.1                Key strengths/Right to win 298

13.1.4.4.2                Strategic choices   299

13.1.4.4.3                Weaknesses/Competitive threats       299

13.1.5      SAGEMCOM       300

13.1.5.1  Business overview 300

13.1.5.2  Products/Services/Solutions offered 300

13.1.5.3  Recent developments           303

13.1.5.3.1                Product launches  303

13.1.5.3.2                Deals      303

13.1.5.3.3                Other developments             304

13.1.5.4  MnM view              304

13.1.5.4.1                Key strengths/Right to win 304

13.1.5.4.2                Strategic choices   304

13.1.5.4.3                Weaknesses/Competitive threats       304

13.1.6      SCHNEIDER ELECTRIC  305

13.1.6.1  Business overview 305

13.1.6.2  Products/Services/Solutions offered 306

13.1.6.3  Recent developments           307

13.1.6.3.1                Deals      307

13.1.6.3.2                Other developments             308

13.1.6.4  MnM view              309

13.1.6.4.1                Key strengths/Right to win 309

13.1.6.4.2                Strategic choices   309

13.1.6.4.3                Weaknesses/Competitive threats       309

13.1.7      WASION GROUP               310

13.1.7.1  Business overview 310

13.1.7.2  Products/Services/Solutions offered 311

13.1.7.3  Recent developments           312

13.1.7.3.1                Deals      312

13.1.7.4  MnM view              313

13.1.7.4.1                Key strengths/Right to win 313

13.1.7.4.2                Strategic choices   313

13.1.7.4.3                Weaknesses/Competitive threats       313

13.1.8      BADGER METER, INC.    314

13.1.8.1  Business overview 314

13.1.8.2  Products/Services/Solutions offered 315

13.1.8.3  Recent developments           319

13.1.8.3.1                Product launches  319

13.1.8.3.2                Deals      319

13.1.9      SENSUS (XYLEM)              321

13.1.9.1  Business overview 321

13.1.9.2  Products/Services/Solutions offered 322

13.1.9.3  Recent developments           329

13.1.9.3.1                Product launches  329

13.1.9.3.2                Deals      329

13.1.9.3.3                Other developments             330

13.1.10   HONEYWELL INTERNATIONAL INC.        331

13.1.10.1                 Business overview 331

13.1.10.2                 Products/Services/Solutions offered 332

13.1.10.3                 Recent developments           333

13.1.10.3.1             Product launches  333

13.1.11   LARSEN & TOUBRO LIMITED     334

13.1.11.1                 Business overview 334

13.1.11.2                 Products/Services/Solutions offered 335

13.1.12   KAMSTRUP A/S 337

13.1.12.1                 Business overview 337

13.1.12.2                 Products/Services/Solutions offered 337

13.1.12.3                 Recent developments           339

13.1.12.3.1             Product launches  339

13.1.12.3.2             Deals      340

13.1.12.3.3             Expansions             340

13.1.12.3.4             Other developments             341

13.1.13   GENUS 342

13.1.13.1                 Business overview 342

13.1.13.2                 Products/Services/Solutions offered 343

13.1.13.3                 Recent developments           344

13.1.13.3.1             Product launches  344

13.1.13.3.2             Deals      344

13.1.13.3.3             Other developments             344

13.1.14   MINSAIT               345

13.1.14.1                 Business overview 345

13.1.14.2                 Products/Services/Solutions offered 345

13.1.14.3                 Recent developments           346

13.1.14.3.1             Deals      346

13.1.15   ACLARA                347

13.1.15.1                 Business overview 347

13.1.15.2                 Products/Services/Solutions offered 347

13.1.15.3                 Recent developments           348

13.1.15.3.1             Product launches  348

13.1.15.3.2             Deals      348

13.1.15.3.3             Other developments             349

13.2         OTHER PLAYERS              350

13.2.1      JIANGSU LINYANG ELECTRONICS            350

13.2.2      HEXING ELECTRICAL CO. LTD. 351

13.2.3      NETWORKED ENERGY SERVICES              352

13.2.4      PIETRO FIORENTINI S.P.A.           353

13.2.5      SECURE METERS LTD.   354

13.2.6      WEGOT UTILITY SOLUTIONS PVT LTD.                 355

13.2.7      AXIOMA METERING        355

13.2.8      DRIZZLEX, INC. 356

13.2.9      CONSERVATION LABS, INC.        356

13.2.10   BOVE TECHNOLOGY      357

14            APPENDIX           358

14.1         INSIGHTS FROM INDUSTRY EXPERTS     358

14.2         DISCUSSION GUIDE        359

14.3         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                362

14.4         CUSTOMIZATION OPTIONS        364

14.5         RELATED REPORTS         364

14.6         AUTHOR DETAILS           365

LIST OF TABLES

TABLE 1                LIST OF KEY SECONDARY SOURCES        39

TABLE 2                LIST OF PRIMARY INTERVIEW PARTICIPANTS                 40

TABLE 3                KEY DATA FROM PRIMARY SOURCES     41

TABLE 4                SMART METER MARKET: RISK ANALYSIS                 49

TABLE 5                SMART METER MARKET SNAPSHOT       51

TABLE 6                INDIA’S WATER TREATMENT PROJECTS NEARING COMPLETION               69

TABLE 7                INDICATIVE PRICING ANALYSIS OF SMART METERS, BY METER TYPE, 2023 (USD)    72

TABLE 8                ROLE OF COMPANIES IN SMART METER ECOSYSTEM       75

TABLE 9                LIST OF KEY PATENTS, 2021–2023              81

TABLE 10              EXPORT DATA FOR HS CODE 9028-COMPLIANT PRODUCTS, BY COUNTRY,

2021–2023 (USD THOUSAND)      82

TABLE 11              IMPORT DATA FOR HS CODE 9028-COMPLIANT PRODUCTS, BY COUNTRY,

2021–2023 (USD THOUSAND)      83

TABLE 12              LIST OF KEY CONFERENCES AND EVENTS, 2025                 84

TABLE 13              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  85

TABLE 14              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  86

TABLE 15              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  87

TABLE 16              ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  87

TABLE 17              REGULATIONS/REGULATORY BODIES  88

TABLE 18              PORTER’S FIVE FORCES ANALYSIS           89

TABLE 19              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER                91

TABLE 20              KEY BUYING CRITERIA, BY END USER    92

TABLE 21              SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)            97

TABLE 22              SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)            97

TABLE 23              HARDWARE: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION)          98

TABLE 24              HARDWARE: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION)          98

TABLE 25              HARDWARE: SMART METER MARKET, BY COMPONENT TYPE,

2021–2023 (USD MILLION)            99

TABLE 26              HARDWARE: SMART METER MARKET, BY COMPONENT TYPE,

2024–2030 (USD MILLION)            99

TABLE 27              SOFTWARE: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION)          101

TABLE 28              SOFTWARE: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION)          101

TABLE 29              SOFTWARE: SMART METER MARKET, BY COMPONENT TYPE,

2021–2023 (USD MILLION)            101

TABLE 30              SOFTWARE: SMART METER MARKET, BY COMPONENT TYPE,

2024–2030 (USD MILLION)            102

TABLE 31              SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            105

TABLE 32              SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            105

TABLE 33              RADIO FREQUENCY (RF): SMART METER MARKET, BY REGION,

2021–2023 (USD MILLION)            106

TABLE 34              RADIO FREQUENCY (RF): SMART METER MARKET, BY REGION,

2024–2030 (USD MILLION)            107

TABLE 35              POWER LINE COMMUNICATION (PLC): SMART METER MARKET, BY REGION,  2021–2023 (USD MILLION)                 108

TABLE 36              POWER LINE COMMUNICATION (PLC): SMART METER MARKET, BY REGION,  2024–2030 (USD MILLION)                 108

TABLE 37             CELLULAR: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION)            109

TABLE 38             CELLULAR: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION)            109

TABLE 39              SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            111

TABLE 40              SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            111

TABLE 41              ADVANCED METERING INFRASTRUCTURE (AMI): SMART METER MARKET,

BY REGION, 2021–2023 (USD MILLION)   112

TABLE 42              ADVANCED METERING INFRASTRUCTURE (AMI): SMART METER MARKET,

BY REGION, 2024–2030 (USD MILLION)   113

TABLE 43              AUTOMATIC METER READING (AMR): SMART METER MARKET, BY REGION,

2021–2023 (USD MILLION)            113

TABLE 44              AUTOMATIC METER READING (AMR): SMART METER MARKET, BY REGION,

2024–2030 (USD MILLION)            114

TABLE 45              SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)       116

TABLE 46              SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)       116

TABLE 47              RESIDENTIAL: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION)          117

TABLE 48              RESIDENTIAL: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION)          117

TABLE 49              COMMERCIAL: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION)          118

TABLE 50              COMMERCIAL: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION)          118

TABLE 51              INDUSTRIAL: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION)          119

TABLE 52              INDUSTRIAL: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION)          119

TABLE 53              SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 121

TABLE 54              SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 122

TABLE 55              ELECTRIC: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION)            123

TABLE 56              ELECTRIC: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION)            123

TABLE 57              GAS: SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION)       124

TABLE 58              GAS: SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION)       124

TABLE 59             SMART WATER METER: SMART METER MARKET, BY REGION,

2021–2023 (USD MILLION)            125

TABLE 60             SMART WATER METER: SMART METER MARKET, BY REGION,

2024–2030 (USD MILLION)            125

TABLE 61              SMART METER MARKET, BY REGION, 2021–2023 (USD MILLION) 129

TABLE 62              SMART METER MARKET, BY REGION, 2024–2030 (USD MILLION) 129

TABLE 63              SMART METER MARKET, BY REGION, 2021–2023 (MILLION UNITS)             130

TABLE 64              SMART METER MARKET, BY REGION, 2024–2030 (MILLION UNITS)             130

TABLE 65              ASIA PACIFIC: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            132

TABLE 66              ASIA PACIFIC: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            132

TABLE 67              ASIA PACIFIC: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            132

TABLE 68              ASIA PACIFIC: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            132

TABLE 69              ASIA PACIFIC: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2023 (USD MILLION)                 133

TABLE 70              ASIA PACIFIC: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2024–2030 (USD MILLION)                 133

TABLE 71              ASIA PACIFIC: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            133

TABLE 72              ASIA PACIFIC: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            134

TABLE 73              ASIA PACIFIC: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE,  2021–2023 (USD MILLION)                 134

TABLE 74              ASIA PACIFIC: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE,  2024–2030 (USD MILLION)                 134

TABLE 75              ASIA PACIFIC: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE,  2021–2023 (USD MILLION)                 134

TABLE 76              ASIA PACIFIC: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE,  2024–2030 (USD MILLION)                 135

TABLE 77              ASIA PACIFIC: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)                135

TABLE 78              ASIA PACIFIC: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)                135

TABLE 79              ASIA PACIFIC: SMART METER MARKET, BY COUNTRY, 2021–2023 (USD MILLION)     136

TABLE 80              ASIA PACIFIC: SMART METER MARKET, BY COUNTRY, 2024–2030 (USD MILLION)     136

TABLE 81              CHINA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       137

TABLE 82              CHINA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       137

TABLE 83              CHINA: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            137

TABLE 84              CHINA: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            138

TABLE 85              CHINA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            138

TABLE 86              CHINA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            138

TABLE 87              CHINA: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              138

TABLE 88              CHINA: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              139

TABLE 89              CHINA: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            139

TABLE 90              CHINA: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            139

TABLE 91              AUSTRALIA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            140

TABLE 92              AUSTRALIA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            140

TABLE 93              AUSTRALIA: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            141

TABLE 94              AUSTRALIA: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            141

TABLE 95              AUSTRALIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            141

TABLE 96              AUSTRALIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            141

TABLE 97              AUSTRALIA: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              142

TABLE 98              AUSTRALIA: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              142

TABLE 99              AUSTRALIA: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)                142

TABLE 100            AUSTRALIA: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)                142

TABLE 101            JAPAN: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       143

TABLE 102            JAPAN: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       143

TABLE 103            JAPAN: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            144

TABLE 104            JAPAN: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            144

TABLE 105            JAPAN: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)          144

TABLE 106            JAPAN: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            144

TABLE 107            JAPAN: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              145

TABLE 108            JAPAN: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              145

TABLE 109            JAPAN: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            145

TABLE 110            JAPAN: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            145

TABLE 111            INDIA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       146

TABLE 112            INDIA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       147

TABLE 113            INDIA: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            147

TABLE 114            INDIA: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            147

TABLE 115            INDIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            147

TABLE 116            INDIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            148

TABLE 117            INDIA: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              148

TABLE 118            INDIA: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              148

TABLE 119            INDIA: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            148

TABLE 120            INDIA: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            149

TABLE 121            SOUTH KOREA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)                149

TABLE 122            SOUTH KOREA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)                150

TABLE 123            SOUTH KOREA: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            150

TABLE 124            SOUTH KOREA: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            150

TABLE 125            SOUTH KOREA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2023 (USD MILLION)                 150

TABLE 126            SOUTH KOREA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2024–2030 (USD MILLION)                 151

TABLE 127            SOUTH KOREA: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            151

TABLE 128            SOUTH KOREA: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            151

TABLE 129            SOUTH KOREA: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            151

TABLE 130            SOUTH KOREA: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            152

TABLE 131            REST OF ASIA PACIFIC: SMART METER MARKET, BY TYPE,

2021–2023 (USD MILLION)            152

TABLE 132            REST OF ASIA PACIFIC: SMART METER MARKET, BY TYPE,

2024–2030 (USD MILLION)            153

TABLE 133            REST OF ASIA PACIFIC: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            153

TABLE 134            REST OF ASIA PACIFIC: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            153

TABLE 135            REST OF ASIA PACIFIC: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)                 153

TABLE 136            REST OF ASIA PACIFIC: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2024–2030 (USD MILLION)            154

TABLE 137            REST OF ASIA PACIFIC: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            154

TABLE 138            REST OF ASIA PACIFIC: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            154

TABLE 139            REST OF ASIA PACIFIC: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            154

TABLE 140            REST OF ASIA PACIFIC: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            155

TABLE 141            EUROPE: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            155

TABLE 142            EUROPE: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            156

TABLE 143            EUROPE: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            156

TABLE 144            EUROPE: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            156

TABLE 145            EUROPE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            156

TABLE 146            EUROPE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            157

TABLE 147            EUROPE: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              157

TABLE 148            EUROPE: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              157

TABLE 149            EUROPE: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE,

2021–2023 (USD MILLION)            158

TABLE 150            EUROPE: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE,

2024–2030 (USD MILLION)            158

TABLE 151            EUROPE: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE,

2021–2023 (USD MILLION)            158

TABLE 152            EUROPE: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE,

2024–2030 (USD MILLION)          159

TABLE 153          EUROPE: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            159

TABLE 154          EUROPE: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            159

TABLE 155          EUROPE: SMART METER MARKET, BY COUNTRY, 2021–2023 (USD MILLION)            160

TABLE 156          EUROPE: SMART METER MARKET, BY COUNTRY, 2024–2030 (USD MILLION)            160

TABLE 157            GERMANY: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            161

TABLE 158            GERMANY: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            161

TABLE 159            GERMANY: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            161

TABLE 160            GERMANY: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            161

TABLE 161            GERMANY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            162

TABLE 162            GERMANY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            162

TABLE 163            GERMANY: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              162

TABLE 164            GERMANY: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              162

TABLE 165            GERMANY: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)                163

TABLE 166            GERMANY: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)                163

TABLE 167            FRANCE: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            164

TABLE 168            FRANCE: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            164

TABLE 169            FRANCE: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            164

TABLE 170            FRANCE: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            164

TABLE 171            FRANCE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            165

TABLE 172            FRANCE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            165

TABLE 173            FRANCE: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              165

TABLE 174            FRANCE: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              165

TABLE 175            FRANCE: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            166

TABLE 176            FRANCE: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            166

TABLE 177            ITALY: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       167

TABLE 178            ITALY: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       167

TABLE 179            ITALY: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            167

TABLE 180            ITALY: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            167

TABLE 181            ITALY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            168

TABLE 182            ITALY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            168

TABLE 183            ITALY: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              168

TABLE 184            ITALY: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              168

TABLE 185            ITALY: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            169

TABLE 186            ITALY: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            169

TABLE 187            UK: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 170

TABLE 188            UK: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 170

TABLE 189            UK: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            170

TABLE 190            UK: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            170

TABLE 191            UK: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            171

TABLE 192            UK: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            171

TABLE 193            UK: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)            171

TABLE 194            UK: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)            171

TABLE 195            UK: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            172

TABLE 196            UK: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            172

TABLE 197            SPAIN: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       173

TABLE 198            SPAIN: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       173

TABLE 199            SPAIN: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            173

TABLE 200            SPAIN: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            173

TABLE 201            SPAIN: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            174

TABLE 202            SPAIN: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            174

TABLE 203            SPAIN: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              174

TABLE 204            SPAIN: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              174

TABLE 205            SPAIN: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            175

TABLE 206            SPAIN: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            175

TABLE 207            POLAND: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            176

TABLE 208            POLAND: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            176

TABLE 209            POLAND: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            176

TABLE 210            POLAND: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            176

TABLE 211            POLAND: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            177

TABLE 212            POLAND: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            177

TABLE 213            POLAND: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              177

TABLE 214            POLAND: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              177

TABLE 215          POLAND: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            178

TABLE 216          POLAND: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            178

TABLE 217            REST OF EUROPE: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)                179

TABLE 218            REST OF EUROPE: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)                179

TABLE 219            REST OF EUROPE: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            179

TABLE 220            REST OF EUROPE: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            179

TABLE 221            REST OF EUROPE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2023 (USD MILLION)                 180

TABLE 222            REST OF EUROPE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2024–2030 (USD MILLION)                 180

TABLE 223            REST OF EUROPE: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            180

TABLE 224            REST OF EUROPE: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            180

TABLE 225            REST OF EUROPE: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            181

TABLE 226            REST OF EUROPE: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            181

TABLE 227            NORTH AMERICA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)                182

TABLE 228            NORTH AMERICA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)                183

TABLE 229            NORTH AMERICA: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            183

TABLE 230            NORTH AMERICA: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            183

TABLE 231            NORTH AMERICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2023 (USD MILLION)                 184

TABLE 232            NORTH AMERICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2024–2030 (USD MILLION)                 184

TABLE 233            NORTH AMERICA: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            184

TABLE 234            NORTH AMERICA: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            184

TABLE 235            NORTH AMERICA: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE,  2021–2023 (USD MILLION)                 185

TABLE 236            NORTH AMERICA: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE,  2024–2030 (USD MILLION)                 185

TABLE 237            NORTH AMERICA: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE,  2021–2023 (USD MILLION)                 185

TABLE 238            NORTH AMERICA: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE,  2024–2030 (USD MILLION)                 186

TABLE 239            NORTH AMERICA: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            186

TABLE 240            NORTH AMERICA: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            186

TABLE 241            NORTH AMERICA: SMART METER MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            186

TABLE 242            NORTH AMERICA: SMART METER MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            186

TABLE 243            US: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION) 188

TABLE 244            US: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION) 188

TABLE 245            US: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            188

TABLE 246            US: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            188

TABLE 247            US: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            189

TABLE 248            US: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            189

TABLE 249            US: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)            189

TABLE 250            US: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)            189

TABLE 251            US: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)       190

TABLE 252            US: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)       190

TABLE 253            CANADA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            191

TABLE 254            CANADA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            191

TABLE 255            CANADA: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            191

TABLE 256            CANADA: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            192

TABLE 257            CANADA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            192

TABLE 258            CANADA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            192

TABLE 259            CANADA: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              192

TABLE 260            CANADA: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              193

TABLE 261          CANADA: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            193

TABLE 262          CANADA: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            193

TABLE 263            MEXICO: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            194

TABLE 264            MEXICO: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            194

TABLE 265            MEXICO: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            195

TABLE 266            MEXICO: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            195

TABLE 267            MEXICO: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            195

TABLE 268            MEXICO: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            195

TABLE 269            MEXICO: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              196

TABLE 270            MEXICO: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              196

TABLE 271            MEXICO: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            196

TABLE 272            MEXICO: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            196

TABLE 273            MIDDLE EAST & AFRICA: SMART METER MARKET, BY TYPE,

2021–2023 (USD MILLION)            197

TABLE 274            MIDDLE EAST & AFRICA: SMART METER MARKET, BY TYPE,

2024–2030 (USD MILLION)            197

TABLE 275            MIDDLE EAST & AFRICA: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            198

TABLE 276            MIDDLE EAST & AFRICA: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            198

TABLE 277            MIDDLE EAST & AFRICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)            198

TABLE 278            MIDDLE EAST & AFRICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2030 (USD MILLION)            198

TABLE 279            MIDDLE EAST & AFRICA: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            199

TABLE 280            MIDDLE EAST & AFRICA: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            199

TABLE 281            MIDDLE EAST & AFRICA: SMART METER MARKET FOR HARDWARE,

BY COMPONENT TYPE, 2021–2023 (USD MILLION)            199

TABLE 282            MIDDLE EAST & AFRICA: SMART METER MARKET FOR HARDWARE,

BY COMPONENT TYPE, 2024–2030 (USD MILLION)            200

TABLE 283            MIDDLE EAST & AFRICA: SMART METER MARKET FOR SOFTWARE,

BY COMPONENT TYPE, 2021–2023 (USD MILLION)            200

TABLE 284            MIDDLE EAST & AFRICA: SMART METER MARKET FOR SOFTWARE,

BY COMPONENT TYPE, 2024–2030 (USD MILLION)            200

TABLE 285            MIDDLE EAST & AFRICA: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            201

TABLE 286            MIDDLE EAST & AFRICA: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            201

TABLE 287            MIDDLE EAST & AFRICA: SMART METER MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            201

TABLE 288            MIDDLE EAST & AFRICA: SMART METER MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            202

TABLE 289            GCC: SMART METER MARKET, BY COUNTRY, 2021–2023 (USD MILLION)            202

TABLE 290            GCC: SMART METER MARKET, BY COUNTRY, 2024–2030 (USD MILLION)            202

TABLE 291            SAUDI ARABIA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)                203

TABLE 292            SAUDI ARABIA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)                204

TABLE 293            SAUDI ARABIA: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            204

TABLE 294            SAUDI ARABIA: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            204

TABLE 295            SAUDI ARABIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2023 (USD MILLION)                 204

TABLE 296            SAUDI ARABIA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2024–2030 (USD MILLION)                 205

TABLE 297            SAUDI ARABIA: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            205

TABLE 298            SAUDI ARABIA: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            205

TABLE 299            SAUDI ARABIA: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            205

TABLE 300            SAUDI ARABIA: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            206

TABLE 301            UAE: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       206

TABLE 302            UAE: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       207

TABLE 303            UAE: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            207

TABLE 304            UAE: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            207

TABLE 305            UAE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            207

TABLE 306            UAE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            208

TABLE 307            UAE: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)            208

TABLE 308            UAE: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)            208

TABLE 309            UAE: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            208

TABLE 310            UAE: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            209

TABLE 311            QATAR: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       209

TABLE 312            QATAR: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       210

TABLE 313            QATAR: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            210

TABLE 314            QATAR: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            210

TABLE 315            QATAR: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            210

TABLE 316            QATAR: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            211

TABLE 317            QATAR: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              211

TABLE 318            QATAR: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              211

TABLE 319            QATAR: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            211

TABLE 320            QATAR: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            212

TABLE 321            ISRAEL: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       212

TABLE 322            ISRAEL: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       213

TABLE 323            ISRAEL: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            213

TABLE 324            ISRAEL: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            213

TABLE 325            ISRAEL: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            213

TABLE 326            ISRAEL: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            214

TABLE 327            ISRAEL: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              214

TABLE 328            ISRAEL: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              214

TABLE 329            ISRAEL: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            214

TABLE 330            ISRAEL: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            215

TABLE 331            SOUTH AFRICA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)                216

TABLE 332            SOUTH AFRICA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)                216

TABLE 333            SOUTH AFRICA: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            216

TABLE 334            SOUTH AFRICA: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            216

TABLE 335            SOUTH AFRICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)                 217

TABLE 336            SOUTH AFRICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2024–2030 (USD MILLION)                 217

TABLE 337            SOUTH AFRICA: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            217

TABLE 338            SOUTH AFRICA: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            217

TABLE 339            SOUTH AFRICA: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            218

TABLE 340            SOUTH AFRICA: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            218

TABLE 341            EGYPT: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       219

TABLE 342            EGYPT: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       219

TABLE 343            EGYPT: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            219

TABLE 344            EGYPT: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            219

TABLE 345            EGYPT: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            220

TABLE 346            EGYPT: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            220

TABLE 347            EGYPT: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              220

TABLE 348            EGYPT: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              220

TABLE 349            EGYPT: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            221

TABLE 350            EGYPT: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            221

TABLE 351            TURKEY: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            222

TABLE 352            TURKEY: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            222

TABLE 353            TURKEY: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            222

TABLE 354            TURKEY: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            223

TABLE 355            TURKEY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            223

TABLE 356            TURKEY: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            223

TABLE 357            TURKEY: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              223

TABLE 358            TURKEY: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              224

TABLE 359            TURKEY: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            224

TABLE 360            TURKEY: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            224

TABLE 361            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY TYPE,

2021–2023 (USD MILLION)            225

TABLE 362            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY TYPE,

2024–2030 (USD MILLION)            225

TABLE 363            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY TECHNOLOGY,  2021–2023 (USD MILLION)                 226

TABLE 364            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY TECHNOLOGY,  2024–2030 (USD MILLION)                 226

TABLE 365            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2021–2023 (USD MILLION)       226

TABLE 366            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2030 (USD MILLION)       226

TABLE 367            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY COMPONENT,  2021–2023 (USD MILLION)                 227

TABLE 368            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY COMPONENT,  2024–2030 (USD MILLION)                 227

TABLE 369            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            227

TABLE 370            REST OF MIDDLE EAST & AFRICA: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            227

TABLE 371            SOUTH AMERICA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)                228

TABLE 372            SOUTH AMERICA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)                228

TABLE 373            SOUTH AMERICA: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            229

TABLE 374            SOUTH AMERICA: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            229

TABLE 375            SOUTH AMERICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2021–2023 (USD MILLION)                 229

TABLE 376            SOUTH AMERICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,  2024–2030 (USD MILLION)                 229

TABLE 377            SOUTH AMERICA: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            230

TABLE 378            SOUTH AMERICA: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            230

TABLE 379            SOUTH AMERICA: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE,  2021–2023 (USD MILLION)                 230

TABLE 380            SOUTH AMERICA: SMART METER MARKET FOR HARDWARE, BY COMPONENT TYPE,  2024–2030 (USD MILLION)                 231

TABLE 381            SOUTH AMERICA: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE,  2021–2023 (USD MILLION)                 231

TABLE 382            SOUTH AMERICA: SMART METER MARKET FOR SOFTWARE, BY COMPONENT TYPE,  2024–2030 (USD MILLION)                 231

TABLE 383            SOUTH AMERICA: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            232

TABLE 384            SOUTH AMERICA: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            232

TABLE 385            SOUTH AMERICA: SMART METER MARKET, BY COUNTRY,

2021–2023 (USD MILLION)            232

TABLE 386            SOUTH AMERICA: SMART METER MARKET, BY COUNTRY,

2024–2030 (USD MILLION)            232

TABLE 387            BRAZIL: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       233

TABLE 388            BRAZIL: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       233

TABLE 389            BRAZIL: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            234

TABLE 390            BRAZIL: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            234

TABLE 391            BRAZIL: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            234

TABLE 392            BRAZIL: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            234

TABLE 393            BRAZIL: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              235

TABLE 394            BRAZIL: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              235

TABLE 395            BRAZIL: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            235

TABLE 396            BRAZIL: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            235

TABLE 397            ARGENTINA: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)            236

TABLE 398            ARGENTINA: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)            236

TABLE 399            ARGENTINA: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            237

TABLE 400            ARGENTINA: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            237

TABLE 401            ARGENTINA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            237

TABLE 402            ARGENTINA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            237

TABLE 403            ARGENTINA: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            238

TABLE 404            ARGENTINA: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            238

TABLE 405            ARGENTINA: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)                238

TABLE 406            ARGENTINA: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)                238

TABLE 407            CHILE: SMART METER MARKET, BY TYPE, 2021–2023 (USD MILLION)       239

TABLE 408            CHILE: SMART METER MARKET, BY TYPE, 2024–2030 (USD MILLION)       239

TABLE 409            CHILE: SMART METER MARKET, BY TECHNOLOGY, 2021–2023 (USD MILLION)            240

TABLE 410            CHILE: SMART METER MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)            240

TABLE 411            CHILE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2021–2023 (USD MILLION)            240

TABLE 412            CHILE: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY,

2024–2030 (USD MILLION)            240

TABLE 413            CHILE: SMART METER MARKET, BY COMPONENT, 2021–2023 (USD MILLION)              241

TABLE 414            CHILE: SMART METER MARKET, BY COMPONENT, 2024–2030 (USD MILLION)              241

TABLE 415            CHILE: SMART METER MARKET, BY END USER, 2021–2023 (USD MILLION)            241

TABLE 416            CHILE: SMART METER MARKET, BY END USER, 2024–2030 (USD MILLION)            241

TABLE 417            REST OF SOUTH AMERICA: SMART METER MARKET, BY TYPE,

2021–2023 (USD MILLION)            242

TABLE 418            REST OF SOUTH AMERICA: SMART METER MARKET, BY TYPE,

2024–2030 (USD MILLION)            242

TABLE 419            REST OF SOUTH AMERICA: SMART METER MARKET, BY TECHNOLOGY,

2021–2023 (USD MILLION)            243

TABLE 420            REST OF SOUTH AMERICA: SMART METER MARKET, BY TECHNOLOGY,

2024–2030 (USD MILLION)            243

TABLE 421            REST OF SOUTH AMERICA: SMART METER MARKET, BY COMMUNICATION  TECHNOLOGY, 2021–2023 (USD MILLION) 243

TABLE 422            REST OF SOUTH AMERICA: SMART METER MARKET, BY COMMUNICATION TECHNOLOGY, 2024–2030 (USD MILLION)            244

TABLE 423            REST OF SOUTH AMERICA: SMART METER MARKET, BY COMPONENT,

2021–2023 (USD MILLION)            244

TABLE 424            REST OF SOUTH AMERICA: SMART METER MARKET, BY COMPONENT,

2024–2030 (USD MILLION)            244

TABLE 425            REST OF SOUTH AMERICA: SMART METER MARKET, BY END USER,

2021–2023 (USD MILLION)            245

TABLE 426            REST OF SOUTH AMERICA: SMART METER MARKET, BY END USER,

2024–2030 (USD MILLION)            245

TABLE 427            SMART METER MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, JANUARY 2020–JANUARY 2025 246

TABLE 428            SMART METER MARKET: DEGREE OF COMPETITION, 2023       249

TABLE 429            SMART MARKET: REGION FOOTPRINT  257

TABLE 430            SMART METER MARKET: TYPE FOOTPRINT                 258

TABLE 431            SMART METER MARKET: TECHNOLOGY FOOTPRINT       259

TABLE 432            SMART METER MARKET: COMPONENT FOOTPRINT       260

TABLE 433            SMART METER MARKET: END USER FOOTPRINT                 261

TABLE 434            SMART METER MARKET: DETAILED LIST OF KEY STARTUPS/SMES    264

TABLE 435            SMART METER MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          265

TABLE 436            SMART METER MARKET: PRODUCT LAUNCHES, JANUARY 2020–JANUARY 2025     265

TABLE 437            SMART METER MARKET: DEALS, JANUARY 2020–JANUARY 2025    266

TABLE 438            SMART METER MARKET: EXPANSIONS, JANUARY 2020–JANUARY 2025     268

TABLE 439            SMART METER MARKET: OTHER DEVELOPMENTS, JANUARY 2020–JANUARY 2025                 268

TABLE 440            LANDIS+GYR: COMPANY OVERVIEW      270

TABLE 441            LANDIS+GYR: PRODUCTS/SERVICES/SOLUTIONS OFFERED    271

TABLE 442            LANDIS+GYR: PRODUCT LAUNCHES      273

TABLE 443            LANDIS+GYR: DEALS     274

TABLE 444            LANDIS+GYR: OTHER DEVELOPMENTS 275

TABLE 445            ITRON INC.: COMPANY OVERVIEW          277

TABLE 446            ITRON INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED             278

TABLE 447            ITRON INC.: PRODUCT LAUNCHES          282

TABLE 448            ITRON INC.: DEALS         283

TABLE 449            ITRON INC.: OTHER DEVELOPMENTS    284

TABLE 450            SIEMENS: COMPANY OVERVIEW               286

TABLE 451            SIEMENS: PRODUCTS/SERVICES/SOLUTIONS OFFERED             287

TABLE 452            SIEMENS: DEALS               290

TABLE 453            OSAKI ELECTRIC CO., LTD.: COMPANY OVERVIEW          292

TABLE 454            OSAKI ELECTRIC CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED    292

TABLE 455            OSAKI ELECTRIC CO., LTD.: PRODUCT LAUNCHES          298

TABLE 456            OSAKI ELECTRIC CO., LTD.: OTHER DEVELOPMENTS              298

TABLE 457            SAGEMCOM: COMPANY OVERVIEW        300

TABLE 458            SAGEMCOM: PRODUCTS/SERVICES/SOLUTIONS OFFERED    300

TABLE 459            SAGEMCOM: PRODUCT LAUNCHES        303

TABLE 460            SAGEMCOM: DEALS        303

TABLE 461            SAGEMCOM: OTHER DEVELOPMENTS  304

TABLE 462            SCHNEIDER ELECTRIC: COMPANY OVERVIEW                 305

TABLE 463            SCHNEIDER ELECTRIC: PRODUCTS/SERVICES/SOLUTIONS OFFERED    306

TABLE 464            SCHNEIDER ELECTRIC: DEALS  307

TABLE 465            SCHNEIDER ELECTRIC: OTHER DEVELOPMENTS              308

TABLE 466            WASION GROUP: COMPANY OVERVIEW                 310

TABLE 467            WASION GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED    311

TABLE 468            WASION GROUP: DEALS                312

TABLE 469            BADGER METER, INC.: COMPANY OVERVIEW                 314

TABLE 470            BADGER METER, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED    315

TABLE 471            BADGER METER, INC.: PRODUCT LAUNCHES                 319

TABLE 472            BADGER METER, INC.: DEALS    319

TABLE 473            SENSUS (XYLEM): COMPANY OVERVIEW                 321

TABLE 474            SENSUS (XYLEM): PRODUCTS/SERVICES/SOLUTIONS OFFERED    322

TABLE 475            SENSUS (XYLEM): PRODUCT LAUNCHES                 329

TABLE 476            SENSUS (XYLEM): DEALS              329

TABLE 477            SENSUS (XYLEM): OTHER DEVELOPMENTS                 330

TABLE 478            HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW          331

TABLE 479            HONEYWELL INTERNATIONAL INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED    332

TABLE 480            HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES          333

TABLE 481            LARSEN & TOUBRO LIMITED: COMPANY OVERVIEW          334

TABLE 482            LARSEN & TOUBRO LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED    335

TABLE 483            KAMSTRUP A/S: COMPANY OVERVIEW 337

TABLE 484            KAMSTRUP A/S: PRODUCTS/SERVICES/SOLUTIONS OFFERED    337

TABLE 485            KAMSTRUP A/S: PRODUCT LAUNCHES  339

TABLE 486            KAMSTRUP A/S: DEALS 340

TABLE 487            KAMSTRUP A/S: EXPANSIONS    340

TABLE 488            KAMSTRUP A/S: OTHER DEVELOPMENTS                 341

TABLE 489            GENUS: COMPANY OVERVIEW  342

TABLE 490            GENUS: PRODUCTS/SERVICES/SOLUTIONS OFFERED             343

TABLE 491            GENUS: PRODUCT LAUNCHES  344

TABLE 492            GENUS: DEALS  344

TABLE 493            GENUS: OTHER DEVELOPMENTS             344

TABLE 494            MINSAIT: COMPANY OVERVIEW               345

TABLE 495            MINSAIT: PRODUCTS/SERVICES/SOLUTIONS OFFERED             345

TABLE 496            MINSAIT: DEALS               346

TABLE 497            ACLARA: COMPANY OVERVIEW 347

TABLE 498            ACLARA: PRODUCTS/SERVICES/SOLUTIONS OFFERED             347

TABLE 499            ACLARA: PRODUCT LAUNCHES 348

TABLE 500            ACLARA: DEALS                348

TABLE 501            ACLARA: OTHER DEVELOPMENTS           349

LIST OF FIGURES

FIGURE 1              SMART METER MARKET SEGMENTATION AND REGIONAL SCOPE            33

FIGURE 2              SMART METER MARKET: RESEARCH DESIGN                 38

FIGURE 3              KEY DATA FROM SECONDARY SOURCES                 39

FIGURE 4              KEY INDUSTRY INSIGHTS             40

FIGURE 5              BREAKDOWN OF PRIMARIES      41

FIGURE 6              SMART METER MARKET: DATA TRIANGULATION             42

FIGURE 7              SMART METER MARKET: BOTTOM-UP APPROACH         43

FIGURE 8              SMART METER MARKET: TOP-DOWN APPROACH         44

FIGURE 9              SMART METER MARKET: DEMAND-SIDE ANALYSIS            45

FIGURE 10            KEY METRICS CONSIDERED TO ASSESS SUPPLY OF SMART METERS         46

FIGURE 11            SMART METER MARKET: SUPPLY-SIDE ANALYSIS            47

FIGURE 12            SHARE OF KEY PLAYERS IN SMART METER MARKET, 2023    48

FIGURE 13            ADVANCED METERING INFRASTRUCTURE (AMI) SEGMENT TO HOLD LARGER SHARE OF SMART METER MARKET IN 2024                52

FIGURE 14            ELECTRIC SEGMENT TO DOMINATE SMART METER MARKET DURING

FORECAST PERIOD         52

FIGURE 15            CELLULAR SEGMENT TO EXHIBIT HIGHEST CAGR IN SMART METER

MARKET FROM 2024 TO 2030       53

FIGURE 16            HARDWARE SEGMENT TO HOLD LARGER MARKET SHARE IN 2030 53

FIGURE 17            RESIDENTIAL SEGMENT TO CAPTURE LARGEST SHARE OF SMART

METER MARKET IN 2024                54

FIGURE 18            ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF SMART METER

MARKET  IN 2023             54

FIGURE 19            INCREASING ADOPTION OF RENEWABLE ENERGY TO DRIVE MARKET       55

FIGURE 20            RESIDENTIAL SEGMENT AND CHINA HELD LARGEST SHARES OF

SMART METER MARKET IN ASIA PACIFIC IN 2023               56

FIGURE 21            ELECTRIC SEGMENT TO ACCOUNT FOR LARGEST MARKET  SHARE IN 2030          56

FIGURE 22            RESIDENTIAL SEGMENT TO HOLD LARGEST SHARE OF SMART METER

MARKET IN 2030                57

FIGURE 23            ADVANCED METERING INFRASTRUCTURE (AMI) SEGMENT TO CAPTURE

LARGER SHARE OF SMART METER MARKET IN 2030         57

FIGURE 24            HARDWARE SEGMENT TO HOLD LARGER SHARE OF SMART METER

MARKET IN 2030                58

FIGURE 25            CELLULAR SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030             58

FIGURE 26            ASIA PACIFIC MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD          59

FIGURE 27            SMART METER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          61

FIGURE 28            GLOBAL INVESTMENT IN DIGITAL INFRASTRUCTURE OF TRANSMISSION

AND DISTRIBUTION ELECTRICITY GRIDS, 2015–2022       62

FIGURE 29            RISING SHARE OF DIGITAL GRID INFRASTRUCTURE IN GLOBAL GRID

INVESTMENT, 2015–2022                63

FIGURE 30            GLOBAL ELECTRIC VEHICLE STOCKS, 2018–2023 (MILLION UNITS)             68

FIGURE 31            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   71

FIGURE 32            AVERAGE SELLING PRICE TREND OF SMART METERS, BY REGION,  2021–2023               72

FIGURE 33            VALUE CHAIN ANALYSIS               73

FIGURE 34            STAKEHOLDERS IN SMART METER ECOSYSTEM                 76

FIGURE 35            PATENTS APPLIED AND GRANTED, 2015–2024                 79

FIGURE 36            EXPORT SCENARIO FOR HS CODE 9028-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2019–2023                 83

FIGURE 37            IMPORT SCENARIO FOR HS CODE 9028-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2019–2023                 84

FIGURE 38            PORTER’S FIVE FORCES ANALYSIS           89

FIGURE 39            INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER               91

FIGURE 40            KEY BUYING CRITERIA, BY END USER    92

FIGURE 41            INVESTMENT AND FUNDING SCENARIO (UP TO 2024)      93

FIGURE 42            IMPACT OF GEN AI/AI ON SMART METER SUPPLY CHAIN, BY REGION        94

FIGURE 43            SMART METER MARKET SHARE, BY COMPONENT, 2023          97

FIGURE 44            SMART METER MARKET SHARE, BY COMMUNICATION TECHNOLOGY, 2023                 105

FIGURE 45            SMART METER MARKET SHARE, BY TECHNOLOGY, 2023        111

FIGURE 46            SMART METER MARKET SHARE, BY END USER, 2023        116

FIGURE 47            SMART METER MARKET SHARE, BY TYPE, 2023                 121

FIGURE 48            SMART METER MARKET SHARE, BY REGION, 2023        128

FIGURE 49            ASIA PACIFIC TO REGISTER HIGHEST CAGR IN SMART METER MARKET

FROM 2024 TO 2030          129

FIGURE 50            ASIA PACIFIC: SMART METER MARKET SNAPSHOT          131

FIGURE 51            NORTH AMERICA: SMART METER MARKET SNAPSHOT          182

FIGURE 52            MARKET SHARE ANALYSIS OF COMPANIES OFFERING SMART METERS, 2023               249

FIGURE 53            SMART METER MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023               251

FIGURE 54            COMPANY VALUATION, 2025      252

FIGURE 55            FINANCIAL METRICS (EV/EBITDA), 2025                 252

FIGURE 56            PRODUCT COMPARISON              253

FIGURE 57            SMART METER MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023         254

FIGURE 58            SMART METER MARKET: MARKET FOOTPRINT                 255

FIGURE 59            SMART METER MARKET: COMPANY FOOTPRINT       256

FIGURE 60            SMART METER MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2023                263

FIGURE 61            LANDIS+GYR: COMPANY SNAPSHOT      271

FIGURE 62            ITRON INC.: COMPANY SNAPSHOT         278

FIGURE 63            SIEMENS: COMPANY SNAPSHOT               287

FIGURE 64            SCHNEIDER ELECTRIC: COMPANY SNAPSHOT                 306

FIGURE 65            WASION GROUP: COMPANY SNAPSHOT                 311

FIGURE 66            BADGER METER, INC.: COMPANY SNAPSHOT                 315

FIGURE 67            XYLEM: COMPANY SNAPSHOT  322

FIGURE 68            HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT          332

FIGURE 69            LARSEN & TOUBRO LIMITED: COMPANY SNAPSHOT          335

FIGURE 70            GENUS: COMPANY SNAPSHOT  342