Energy Meters Global Market Report 2026

Energy meters, also known as electricity or electric meters, are devices designed to measure the amount of electrical energy consumed by residential, commercial, or industrial units. They record electricity usage in kilowatt-hours (kWh), enabling utility companies to bill customers based on their consumption. Energy meters ensure accurate billing, facilitate monitoring of energy efficiency, and aid in managing electrical loads across various environments.

The primary types of energy meters include electromechanical meters and electronic meters. Electromechanical meters, commonly referred to as analog meters, measure energy consumption through mechanical components such as gears and dials. These meters are used for household appliances, power substations, and electric vehicle chargers, serving a variety of end-users, including those in commercial, residential, and industrial sectors.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on electronic components, semiconductors, and meter hardware have impacted the energy meters market by increasing production costs and disrupting supply chains. Segments such as electronic meters and smart meters, and regions including asia-pacific and europe, are most affected due to import dependencies. Positive effects include promoting local manufacturing, encouraging innovation in cost-effective metering solutions, and reducing reliance on imports.

The energy meters market research report is one of a series of new reports from The Business Research Company that provides energy meters market statistics, including energy meters industry global market size, regional shares, competitors with a energy meters market share, detailed energy meters market segments, market trends and opportunities, and any further data you may need to thrive in the energy meters industry. This energy meters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The energy meters market size has grown strongly in recent years. It will grow from $21.3 billion in 2025 to $23.13 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to growing demand for accurate electricity billing, adoption of electromechanical and analog meters, expansion of electricity grids, increasing household and commercial electrification, need for energy monitoring and management.

The energy meters market size is expected to see strong growth in the next few years. It will grow to $32.09 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to rapid deployment of smart meters, integration with renewable energy systems, government incentives for energy efficiency, technological advancements in digital metering, expansion of electric vehicle charging infrastructure. Major trends in the forecast period include rising adoption of smart meters, integration of iot-based energy management systems, digitalization of meter reading and billing processes, focus on energy efficiency and load management, expansion in residential, commercial, and industrial monitoring.

The increasing demand for renewable energy sources is projected to drive the growth of the energy meters market in the coming years. Renewable energy sources refer to energy resources that are naturally replenished and can be consistently renewed over time, including solar, wind, hydroelectric, geothermal, and biomass. The rising interest in renewable energy is largely due to concerns about climate change, the desire for energy independence, and the decreasing costs associated with renewable technologies. Energy meters play a crucial role in renewable energy by providing real-time information on energy production and consumption, enabling users to optimize their energy usage and better integrate renewable technologies. For example, in July 2024, GreenMatch, a UK-based online service that compares green energy quotes and solutions, reported that renewable energy sources accounted for about 13.1% of total primary energy consumption in the U.S. and approximately 21.5% of utility-scale electricity generation in 2022. Furthermore, by 2023, wind and solar energy are expected to contribute 16% to overall electricity generation, up from 14% in 2022. Consequently, the growing demand for renewable energy sources is spurring the growth of the energy meters market.

Key players in the energy meters sector are focusing on developing advanced grid-edge technologies, such as smart electricity meters, to improve energy management, enhance efficiency, and facilitate the integration of renewable energy sources. A smart electricity meter is a digital device that tracks energy consumption in real-time and transmits this information to both the utility provider and the consumer. For instance, in December 2023, Xylem Inc., a U.S.-based water technology company, introduced the Stratus IQ+ electricity meter, an advanced smart meter designed to improve utility management and meet the changing needs of the electric vehicle (EV) market. The Stratus IQ+ allows electric utilities to collect comprehensive system diagnostics and customer electricity usage data, which aids in the better management of distribution systems. It provides near-real-time monitoring of energy consumption, enabling immediate data recording and transmission.

In June 2024, Ancala, a UK-based investment management firm, acquired Solandeo for an undisclosed sum. This acquisition provides new capital and funding stability to the business, enabling it to address the rapidly increasing demand. This move is in response to a recent mandate from the German government for the nationwide rollout of smart meters for both commercial and residential customers starting in 2025. Solandeo is a German company that specializes in energy meters.

Major companies operating in the energy meters market report are ABB Ltd., Schneider Electric SE, Itron Inc., Kamstrup A/S, Iskraemeco d.d., Holley Metering Limited, Secure Meters Limited, Jiangsu Linyang Electronics Co. Ltd., Aclara Technologies LLC, Landis+Gyr Group AG, ZIV Automation, Elster Group GmbH, Genus Power Infrastructures Ltd., Cuculus GmbH, Sagemcom Energy & Telecom, Hexing Group, Apator S.A., Wasion Group Holdings, ADD Groupe, EDMI Limited, Havells India Ltd.

Asia-Pacific was the largest region in the energy meters market in 2025. Middle East and Africa (MEA) is expected to be the fastest-growing region in the forecast period. The regions covered in the energy meters market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the energy meters market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The energy meters market consists of sales of single-phase energy meters, three-phase energy meters, prepaid meters, DIN rail meters and submetering devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Energy Meters Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses energy meters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for energy meters ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The energy meters market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Electromechanical Meters; Electronic Meters
• 2) By Application: Power Substations; Electric Vehicle Chargers; Other Applications
• 3) By End-User: Commercial; Residential; Industrial
• Subsegments:
• 1) By Electromechanical Meters: Analog Meters; Induction Meters
• 2) By Electronic Meters: Smart Meters; Digital Meters; Prepaid Meters
• Companies Mentioned: ABB Ltd.; Schneider Electric SE; Itron Inc.; Kamstrup A/S; Iskraemeco d.d.; Holley Metering Limited; Secure Meters Limited; Jiangsu Linyang Electronics Co. Ltd.; Aclara Technologies LLC; Landis+Gyr Group AG; ZIV Automation; Elster Group GmbH; Genus Power Infrastructures Ltd.; Cuculus GmbH; Sagemcom Energy & Telecom; Hexing Group; Apator S.A.; Wasion Group Holdings; ADD Groupe; EDMI Limited; Havells India Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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