The global smart electric meter market, valued at USD 27.24 billion in 2025, is projected to grow at a CAGR of 8.27% to reach USD 59.22 billion by 2035. Growth is fueled by investments in smart grid modernization, utility digitization, and advanced metering infrastructure deployment. Key trends include rising adoption of single-phase meters in residential areas, growth in prepaid smart meters, and expanding use of IoT communication technologies like NB-IoT. The Asia Pacific region leads revenue generation and growth, supported by urbanization and electrification programs. Major companies like Itron and Landis+Gyr are innovating with AI-powered and cloud-connected meter solutions, signaling ongoing market evolution.
