Commercial Smart Electric Meter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Type (Advanced Metering Infrastructure and Auto Meter Reading), By Phase (Single-phase, Three-phase), By Region, By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 1.98 Billion
CAGR (2026-2031)	9.21%
Fastest Growing Segment	Three-phase
Largest Market	North America
Market Size (2031)	USD 3.36 Billion

Market Overview

The Global Commercial Smart Electric Meter Market will grow from USD 1.98 Billion in 2025 to USD 3.36 Billion by 2031 at a 9.21% CAGR. Commercial smart electric meters are advanced digital monitoring devices deployed in business and industrial facilities to record energy consumption in real-time and facilitate two-way communication with utility providers. The market is primarily propelled by the global imperative to modernize aging grid infrastructure and the increasing enforcement of regulatory mandates regarding energy efficiency and carbon reduction. Furthermore, the necessity for precise billing accuracy and the integration of variable renewable energy sources into the grid actively support the adoption of these intelligent metering systems across commercial sectors.

According to the International Energy Agency, in 2025, global investment in electricity grids surpassed USD 400 billion, with a substantial allocation directed toward digital infrastructure and smart metering technologies. Despite this robust growth trajectory, the market faces a significant challenge regarding cybersecurity risks, as the expanded digital attack surface of interconnected meters exposes utilities and commercial enterprises to potential data breaches and system vulnerabilities.

Key Market Drivers

Supportive government mandates and regulatory frameworks serve as the primary catalyst for the widespread adoption of commercial smart electric meters. Legislative bodies worldwide are implementing strict installation targets to ensure grid interoperability and meet decarbonization goals, compelling businesses to transition from analog to digital metering infrastructure. These regulations not only enforce compliance but also standardize data communication protocols, allowing utilities to effectively monitor non-domestic consumption. For instance, according to the Department for Energy Security and Net Zero, November 2025, in the 'Smart Meter Statistics in Great Britain' report, there were 2.0 million smart and advanced meters operating across small non-domestic sites, representing 64% of all meters in that sector. This regulatory pressure ensures a steady baseline of hardware deployment, creating a modernized foundation for energy management independent of voluntary market forces.

The increasing integration of renewable energy sources further amplifies the demand for intelligent metering systems capable of handling bidirectional energy flows. As commercial facilities install on-site generation assets like rooftop solar, smart meters are essential for managing net metering and maintaining grid stability amidst fluctuating power outputs. According to the International Energy Agency, March 2025, in the 'Global Energy Review 2025', global solar PV installations grew by 30% year-on-year in 2024 to reach 553 GW, creating a massive requirement for digital endpoints to manage this distributed capacity. Furthermore, evolving commercial load profiles necessitate precise tracking; according to the U.S. Energy Information Administration, in 2025, commercial computing accounted for an estimated 8% of commercial sector electricity consumption in 2024. This shift highlights the critical role of smart meters in balancing complex consumption patterns with variable renewable generation.

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Key Market Challenges

The expanded digital attack surface presents a critical obstacle to the Global Commercial Smart Electric Meter Market. As smart meters establish continuous two-way communication channels between commercial facilities and utility providers, they inadvertently create numerous entry points for malicious actors. This vulnerability exposes sensitive energy consumption data and critical operational networks to potential breaches. Consequently, utilities and commercial enterprises frequently delay deployment to ensure rigorous security protocols are in place, fearing that a compromised meter could serve as a gateway to disrupt the broader power grid.

The financial burden of mitigating these risks further impedes market expansion, as securing this infrastructure requires immense capital allocation that might otherwise support broader deployment. According to the Edison Electric Institute, in 2025, U.S. investor-owned electric companies were projected to invest nearly USD 208 billion to make the energy grid smarter, stronger, and more secure. This substantial expenditure highlights the high cost of compliance and defensive mechanisms, which complicates the return on investment for smart metering projects and slows the overall adoption rate across the commercial sector.

Key Market Trends

The Integration of Edge Computing for Real-Time Data Processing is fundamentally transforming commercial smart meters from passive data collectors into active grid sensors. This transition to AMI 2.0 enables distributed intelligence, where meters process high-resolution energy usage data locally rather than transmitting raw streams to a central server, allowing for instantaneous load balancing and fault detection. By deploying application-specific logic directly at the network edge, utilities can manage the complexity of decentralized energy resources with millisecond-level latency, significantly improving operational efficiency. Reflecting the surging demand for these intelligent endpoints, according to Landis+Gyr, May 2025, in the 'Annual Report 2024', the company reported a record order backlog of USD 4.6 billion, a milestone driven primarily by the accelerated adoption of its grid edge intelligence and software capabilities across key global markets.

Concurrently, the Adoption of Cellular IoT Communication Protocols, specifically LTE-M and NB-IoT, is replacing proprietary RF mesh networks to provide superior scalability and deep indoor penetration for commercial facilities. These standardized Low Power Wide Area Network (LPWAN) technologies offer utilities a secure, carrier-grade infrastructure that eliminates the maintenance costs of private networks while ensuring reliable connectivity for meters located in basements or dense urban environments. This shift aligns with the broader explosion of massive IoT deployments; according to Ericsson, June 2025, in the 'Mobility Report', total global cellular IoT connections were projected to reach 4.5 billion by the end of 2025, underscoring the massive scale and reliability that cellular networks now offer for critical utility applications.

Segmental Insights

Leading market analysis identifies the Three-phase segment as the fastest-growing category within the Global Commercial Smart Electric Meter Market. This rapid expansion is primarily driven by the critical need for stable, high-voltage power management in commercial infrastructure, such as data centers, retail complexes, and office buildings. Unlike single-phase options, three-phase meters efficiently handle heavy electrical loads and ensure grid stability, making them indispensable for modern commercial operations. Furthermore, regulatory mandates for Advanced Metering Infrastructure and energy conservation encourage the deployment of these meters, allowing businesses to accurately monitor consumption and integrate distributed renewable energy resources.

Regional Insights

North America holds the leading position in the Global Commercial Smart Electric Meter Market, sustained by extensive infrastructure upgrades and clear policy direction. The U.S. Department of Energy plays a pivotal role by funding grid modernization projects that prioritize resilience and operational efficiency. Consequently, commercial entities are adopting advanced metering infrastructure to monitor complex energy usage patterns and meet rigorous regulatory standards for sustainability. This systematic transition, supported by both federal investment and state-level mandates for renewable energy integration, ensures the region remains the primary driver of global market expansion.

Recent Developments

• In March 2025, Honeywell and Verizon Business entered into a strategic collaboration to integrate 5G connectivity into smart electric meters. The initiative was designed to allow utilities and end-users to remotely access essential data and better manage energy consumption in near real-time. By utilizing a high-speed, secure cellular network, the connected meters aimed to improve grid reliability and operational visibility, helping to alleviate strain on existing infrastructure. The President of Honeywell Smart Energy highlighted that this technology would facilitate grid autonomy and support the rapid growth of energy-management innovations.
• In December 2024, Itron Inc. was selected by LUMA Energy to deploy approximately 1.5 million smart electric meters across Puerto Rico as part of a major grid modernization initiative. The collaboration focused on implementing a distributed intelligence grid-edge platform to enhance reliability, efficiency, and resilience for the island's electric system. The deployment included a new communications network designed to withstand local environmental conditions while providing redundancy. This project aimed to improve outage detection and enable broader integration of distributed energy resources, such as rooftop solar and battery storage, without increasing rates for customers.
• In August 2024, Genus Power Infrastructures secured significant contracts valued at ₹29.26 billion for the deployment of smart metering infrastructure. The company’s subsidiary was awarded these projects to design, supply, install, and commission approximately 3.75 million smart prepaid meters and system meters. The scope of the agreements also included the provision of distribution transformer meters with energy accounting capabilities on a design-build-finance-own-operate-transfer basis. The Joint Managing Director of Genus Power Infrastructures stated that these wins reinforced the company's leadership position and contributed to a substantial order book exceeding ₹243 billion.
• In June 2024, Mitsubishi Electric Corporation announced the delivery of a smart meter system to the Taiwan Power Company, marking its first such deployment outside of Japan. The company supplied a headend system for managing and controlling smart meters, along with communication modules embedded in the meters and data concentrator units. This project was executed in cooperation with a system integrator and a leading telecommunications company in Taiwan. The delivered solution utilizes a mesh network capable of wireless multi-hop communication, allowing for wide-area data collection and stable operational performance across the utility's infrastructure.

Key Market Players

• Landis+Gyr
• Itron Inc.
• Siemens AG
• Schneider Electric SE
• Honeywell International Inc.
• Eaton Corporation
• General Electric Company
• Kamstrup A/S
• Badger Meter, Inc.
• HPL Electric & Power Ltd.

By Type	By Phase	By Region
Advanced Metering Infrastructure and Auto Meter Reading	Single-phase Three-phase	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Commercial Smart Electric Meter Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Commercial Smart Electric Meter Market, By Type:

• Advanced Metering Infrastructure and Auto Meter Reading

• Commercial Smart Electric Meter Market, By Phase:

• Single-phase
• Three-phase

• Commercial Smart Electric Meter Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE