Global Power Metering Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Digital, Smart, and Analog

By Phase;

Single and Three

By Communication Technology;

Wired and Wireless

By Component;

Metering Devices and Communication Modules

By Application;

Commercial, Industrial, and Residential

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn335723335 Published Date: June, 2025 Updated Date: July, 2025

Power Metering Market Overview

Power Metering Market (USD Million)

Power Metering Market was valued at USD 24,306.50 million in the year 2024. The size of this market is expected to increase to USD 35,593.44 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.6%.


Global Power Metering Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 5.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.6 %
Market Size (2024)USD 24,306.50 Million
Market Size (2031)USD 35,593.44 Million
Market ConcentrationMedium
Report Pages385
24,306.50
2024
35,593.44
2031

Major Players

  • Siemens AG
  • Schneider Electric SE
  • ABB Ltd.
  • Eaton Corporation plc
  • General Electric Company
  • Honeywell International Inc.
  • Itron, Inc.
  • Kamstrup A/S
  • Wasion Group Holdings Limited
  • Holley Technology Ltd.
  • Badger Meter, Inc.
  • Elster Group GmbH
  • Jiangsu Linyang Energy Co., Ltd.
  • Zhejiang Chint Electrics Co., Ltd.
  • Schweitzer Engineering Laboratories, Inc.
  • Neptune Technology Group Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Power Metering Market

Fragmented - Highly competitive market without dominant players


The Power Metering Market is growing steadily, driven by widespread adoption of smart energy infrastructure. With a rise of more than 35% in implementation across sectors, demand is being fueled by stricter regulations for energy tracking and a strong emphasis on sustainable resource management. As awareness grows, the market is expected to expand significantly due to a 45% increase in the pursuit of efficient power consumption systems.

Technology-Driven Innovation
Advancements in metering technology are reshaping how energy is measured and managed. Over 50% of the market now includes digital smart meters that offer real-time energy usage insights. These systems enable utilities to streamline operations, deploy modern strategies, and enhance customer experience. The incorporation of advanced metering infrastructure is opening new opportunities for system-wide optimization and expansion.

Partnerships and Strategic Moves
Strategic collaborations and partnerships are becoming central to the market's evolution. Around 40% of leading firms are partnering to co-develop metering platforms enhanced with IoT features and analytical tools. These alliances are helping companies accelerate product development, stay competitive, and deliver innovative solutions aligned with growing energy monitoring requirements.

Forward-Looking Market Strategies
The Power Metering Market is set for continued growth, especially as digital infrastructure adoption crosses the 55% threshold. Companies are increasingly turning to mergers and acquisitions to enhance innovation pipelines and gain a competitive edge. A focus on technological advancements, strategic investments, and sustainability goals positions the market for a promising and scalable future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Phase
    3. Market Snapshot, By Communication Technology
    4. Market Snapshot, By Component
    5. Market Snapshot, By Application
    6. Market Snapshot, By Geography
  4. Power Metering Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Energy Efficiency and Smart Grid Integration
        2. Increasing Adoption of Smart Meters and IoT-Enabled Solutions
        3. Government Regulations and Policies Supporting Energy Management
      2. Restraints
        1. High Initial Investment and Installation Costs
        2. Data Privacy and Security Concerns
        3. Integration Challenges with Existing Infrastructure
      3. Opportunities
        1. Expansion of Renewable Energy Integration with Smart Metering
        2. Advancements in AI and Data Analytics for Energy Monitoring
        3. Growing Demand for Prepaid and Remote Metering Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Power Metering Market, By Type, 2021 - 2031 (USD Million)
      1. Digital
      2. Smart
      3. Analog
    2. Power Metering Market, By Phase, 2021 - 2031 (USD Million)
      1. Single
      2. Three
    3. Power Metering Market, By Communication Technology, 2021 - 2031 (USD Million)

      1. Wired

      2. Wireless

    4. Power Metering Market, By Component, 2021 - 2031 (USD Million)
      1. Metering Devices
      2. Communication Modules
    5. Power Metering Market, By Application, 2021 - 2031 (USD Million)
      1. Commercial
      2. Industrial
      3. Residential
    6. Power Metering Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Siemens AG
      2. Schneider Electric SE
      3. ABB Ltd.
      4. Eaton Corporation plc
      5. General Electric Company
      6. Honeywell International Inc.
      7. Itron, Inc.
      8. Kamstrup A/S
      9. Wasion Group Holdings Limited
      10. Holley Technology Ltd.
      11. Badger Meter, Inc.
      12. Elster Group GmbH
      13. Jiangsu Linyang Energy Co., Ltd.
      14. Zhejiang Chint Electrics Co., Ltd.
      15. Schweitzer Engineering Laboratories, Inc.
      16. Neptune Technology Group Inc.
  7. Analyst Views
  8. Future Outlook of the Market