Power Metering Market Report 2026

The power metering market size has grown strongly in recent years. It will grow from $19.71 billion in 2025 to $21.47 billion in 2026 at a compound annual growth rate (CAGR) of 9%. The growth in the historic period can be attributed to expansion of urban electrification programs, increasing electricity consumption tracking needs, adoption of digital energy meters, growth of industrial energy monitoring, modernization of utility billing systems.

The power metering market size is expected to see strong growth in the next few years. It will grow to $30.16 billion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing smart grid investments, rising adoption of time-of-use pricing models, expansion of electric vehicle charging infrastructure, growing demand for energy efficiency monitoring, increased focus on grid transparency and analytics. Major trends in the forecast period include increasing deployment of smart metering infrastructure, rising adoption of advanced metering infrastructure systems, growing demand for real-time energy monitoring, expansion of power quality measurement solutions, enhanced focus on remote meter management.

The growing emphasis on energy efficiency is expected to drive the expansion of the power metering market in the coming years. Energy efficiency refers to using less energy to perform the same task or achieve the same output, thereby reducing energy waste and lowering costs. This focus is increasing due to rising energy prices, environmental concerns, and regulatory pressures aimed at reducing carbon emissions and improving building performance. Power metering supports energy efficiency by providing real-time data on electricity usage, enabling better management, optimization, and monitoring of consumption. For instance, in March 2024, according to the Department for Energy Security and Net Zero, a UK-based government department, the ECO program remained the largest energy efficiency scheme. In 2023, measures delivered through ECO accounted for 83% of all installations, with 265,000 measures implemented - a 61% increase compared to 2022 - as delivery under ECO4 expanded following its launch in April 2022 after the conclusion of ECO3. Therefore, the increasing focus on energy efficiency is fueling the growth of the power metering market.

Key players in the power metering market are developing advanced products, such as optical power meters, which provide accurate optical signal power measurements. These devices are used primarily in fiber optic networks to measure light signal strength, ensuring the effective operation of optical communication systems. In March 2023, Santec Corporation, a Japan-based company, introduced the OPM-200 power meter. This high-performance optical power meter is designed for accuracy and ease of use in both laboratory and manufacturing environments. The OPM-200 features a dynamic measurement range from +8 dBm to -80 dBm, making it adaptable for various uses. It can be configured with up to four detectors, either panel-mounted or remote-head, with remote-head cables extending up to 10 meters. The device also supports a high-speed sampling rate of 1 MHz, with user-selectable averaging times between 50 microseconds and 1 second.

In June 2024, Ancala, a UK-based investment management firm, acquired Solandeo for an undisclosed sum. This acquisition provides new capital and financial stability to the business, positioning it to meet rapidly increasing demand. The move follows the German government’s recent mandate for a nationwide deployment of smart meters to both commercial and residential customers starting in 2025. Solandeo is a Germany-based company that specializes in smart metering solutions.

Major companies operating in the power metering market are Siemens AG, GE Vernova, Toshiba Corporation, Eaton Corporation Plc, Infineon Technologies AG, Ametek Inc., Fluke Corporation, Yokogawa Electric Corporation, Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Socomec Group, Mitsubishi Electric Automation Inc., Hexing Electrical Co. Ltd., Circutor SA, Kamstrup A/S, Accuenergy Inc., EMH Metering GmbH & Co. KG, Metrix Instrument Co. Ltd., Trinity Energy Systems Pvt. Ltd., ZIV Automation S.L.

North America was the largest region in the power metering market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the power metering market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the power metering market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The power metering market consists of sales of energy monitoring systems, portable power analyzers, direct current meters, voltage and current transducers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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