Market Share of Smart Electricity Meter Industry
The smart electricity meters market is moderately competitive and consists of several major players. The market is moderately fragmented, owing to the presence of many small and large players. These companies are leveraging strategic innovations and collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on enterprise network equipment technologies to strengthen their product capabilities.
In October 2022, the power utilities of Andhra Pradesh announced a great up for rolling out a smart electricity meter project. The Union government decided to replace around 25 crore conventional meters with smart meters across India under the Smart Meter National Programme (SMNP).
Smart Electricity Meter Market Leaders
Itron, Inc.
Sensus USA Inc. (XYLEM INC)
Sagemcom SAS
Wasion Group Limited
Landis+gyr Group AG
*Disclaimer: Major Players sorted in no particular order
