Smart Metering Industry Statistics

The smart metering industry is expected to grow rapidly driven by increasing energy efficiency initiatives and the adoption of smart grid technologies.

Statistic 1

"By 2022, the global smart meter market is expected to cross $10 billion."

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Statistic 2

"Approximately 7.2 million smart meters were installed across the UK in 2019."

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Statistic 3

"North America accounted for about 48.8% of the global smart meter market in 2017."

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Statistic 4

"China alone has plans to add over 300 million smart meters by 2023."

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Statistic 5

"The smart gas meter market is projected to grow to $1.59 billion by 2023."

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Statistic 6

"In the US, about 88% of residential smart meter installations are enabled for two-way communication."

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Statistic 7

"The electricity sub-segment accounted for the largest share around 62.1% of the overall smart meters market in 2020."

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Statistic 8

"Residential application is the largest contributor in the smart meters market, accounting for more than 60% share of the global market revenue."

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Statistic 9

"Approximately 70% of Italian households had a smart meter in 2019."

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Statistic 10

"The Latin American smart meters market is expected to grow at a CAGR of 25.63% during the 2020-2025 period."

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Statistic 11

"By 2030, the smart water meter market is projected to reach $3.6 billion."

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Statistic 12

"As of 2017, 35% of U.S households were using smart meters."

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Statistic 13

"Japan is targeting a 100% deployment rate for smart meters by 2024."

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Statistic 14

"The global market for smart electric meters is expected to grow at a CAGR of 3.95% from 2020 to 2027."

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Statistic 15

"The residential market share for smart meters in Asia-Pacific reached 80.4% in 2018."

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Statistic 16

"The UK government plans to install smart meters in every home by 2025."

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