Snapshot from Aug 22, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / Smart Meter Market Growth Forecast 2031
Business market forecast

Smart Meter Market Growth Forecast 2031

Analysis based on 7 articles · First reported Jul 31, 2026 · Last updated Aug 05, 2026

Sentiment
40
Attention
2
Articles
7
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The forecast signals robust growth in the smart meter sector, benefiting manufacturers and technology providers. Positive sentiment is expected for companies like Itron, Landis+Gyr, and Siemens, as well as for utility infrastructure investments in Asia Pacific.

Utilities Energy Technology
Event Summary

MarketsandMarkets published a market research report projecting the global smart meter market to grow from USD 31.60 billion in 2026 to USD 50.82 billion by 2031, at a CAGR of 10.0%. The growth is driven by investments in grid modernization, expansion of advanced metering infrastructure (AMI), and adoption of digital utility technologies. Asia Pacific holds the largest regional share at 62.1% in 2025, with China, India, and Japan investing heavily in grid modernization. The electric segment leads by type, and the software segment is expected to grow faster than hardware. Key industry players include Landis+Gyr, Itron, Sagemcom, OSAKI Electric, Siemens, and Xylem (Sensus).

Key Actions
100 MarketsandMarkets projected growth
Entities Involved
priv
MarketsandMarkets
Publisher of the market forecast, positioning itself as a key research authority in the smart meter industry.
Importance 100.0 Sentiment 50.0
cnt
India
Major investor in grid modernization, driving smart meter adoption in Asia Pacific.
Importance 80.0 Sentiment 70.0
cnt
Japan
Major investor in grid modernization, driving smart meter adoption in Asia Pacific.
Importance 80.0 Sentiment 70.0
cnt
China
Major investor in grid modernization, driving smart meter adoption in Asia Pacific.
Importance 80.0 Sentiment 70.0
priv
Landis+Gyr
Listed as a top smart meter company, expected to benefit from market growth.
Importance 70.0 Sentiment 60.0
stock
Itron
Listed as a top smart meter company, expected to benefit from market growth.
Importance 70.0 Sentiment 60.0
stock
Siemens
Listed as a top smart meter company, expected to benefit from market growth.
Importance 70.0 Sentiment 60.0
priv
Sagemcom
Listed as a top smart meter company, expected to benefit from market growth.
Importance 60.0 Sentiment 55.0
stock
Osaki Electric Co.
Listed as a top smart meter company, expected to benefit from market growth.
Importance 60.0 Sentiment 55.0
stock
Xylem
Parent of Sensus, listed as a top smart meter company, expected to benefit from market growth.
Importance 60.0 Sentiment 55.0
curr
United States — United States dollar
Currency used for market size projections, no direct impact.
Importance 50.0 Sentiment 50.0
Relationships
MarketsandMarkets related ↔ India
MarketsandMarkets related ↔ Japan
MarketsandMarkets related ↔ China
India related ↔ Japan
India related ↔ China
India related ↔ Siemens
Japan rivals ↔ China Japan perceives China as a significant security threat and economic challenge, particularly concerning Taiwan and the Se
Japan related ↔ Siemens
China related ↔ Siemens
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