Smart Electricity Meters Global Market Outlook 2026-2031: Growth Driven by Smart Grid Modernization
The global smart electricity meter market is projected to grow from USD 13.74 billion in 2025 to USD 23.46 billion by 2031, driven by EU regulatory mandates for three-phase meter replacements, Asian AMI rollouts, and cellular connectivity adoption. However, chip shortages continue to inflate manufacturing costs by 15-25%. Asia-Pacific leads with 47.55% market share, while three-phase meters and cellular NB-IoT solutions show strongest growth momentum.