# Smart Meter Industry: Technological Innovation Drives Market Transformation, Global Layout Advances Recently, the smart meter industry has made significant progress, showing a new development trend driven by both technological innovation and market demand. With the in-depth advancement of global energy transition and the continuous implementation of "dual carbon" goals, smart meters, as key intelligent terminals in smart grid construction, are playing an increasingly important role. In terms of technological innovation, the in-depth integration of the Internet of Things (IoT), artificial intelligence (AI), big data, and low-power consumption technologies has brought changes to the smart meter industry. The application of IoT technology enables smart meters to collect and transmit electricity consumption data in real-time, realizing transparent management of electricity usage. Through seamless connection with power grids, smart meters support functions such as remote monitoring, automatic meter reading, and fault early warning, improving the operational efficiency and service level of power systems. Meanwhile, the combination of AI and big data technologies allows smart meters to conduct in-depth analysis of massive electricity consumption data,挖掘 users' electricity usage habits and needs, and provide energy management solutions to help users reduce energy consumption costs and improve energy utilization efficiency. In addition, the application of low-power consumption technologies has extended the battery life of meters, reduced the frequency and cost of battery replacement, and aligned with the development trend of green energy. Relevant entities have made progress in this field. In terms of market scale, the smart meter industry has development prospects. According to data from market research institution Omdia, the global smart grid market size reached $25.2 billion in 2024, and it is expected to grow at a compound annual growth rate of 8.6% from 2025 to 2030. As an important component of smart grids, the market demand for smart meters continues to rise. Data from Berg Insight shows that the global smart meter market size was $12.6 billion in 2023 and is expected to grow to $16.8 billion by 2028, with a growth rate of around 6% during 2023-2028. Mordor Intelligence predicts that the global smart meter market size will grow from 162 million units in 2024 to 236 million units by 2029, with a compound annual growth rate of 7.81%. In the domestic market, benefiting from national policy support, replacement cycles, and the increasing proportion of high-grade electric energy meters, the smart meter industry is expected to see growth in both volume and price. At the same time, the demand and market space in overseas markets are attracting domestic entities to deploy global businesses. In terms of industry development trends, personalized services have become a direction for the future development of smart meters. By integrating more sensors and intelligent algorithms, smart meters will be able to provide detailed analysis of users' electricity usage behavior, help users better manage energy consumption, and offer energy management solutions and services based on user needs and preferences, enhancing user experience and satisfaction. Furthermore, with technological progress, smart meters will continue to optimize in two-way communication and intelligent algorithms, realizing real-time interaction with power companies, conducting real-time monitoring and abnormal early warning of electricity data, improving the stability and security of power systems, optimizing power dispatching and distribution, and achieving rational use of energy. Recently, technological breakthroughs and innovative achievements have emerged in the industry. For example, a patent for "an automatic connection structure between smart meters and circuit breakers" was obtained, which realizes real-time communication between the smart meter body and remote integrated power supply systems through design innovation. Another patent application for "a magnetic flux measurement module, electric energy metering device, and anti-interference method" was filed, aiming to improve the metering accuracy of electric energy meters and reduce the impact of external interference on metering. These technological innovations will promote the development of the smart meter industry and enhance product performance and market competitiveness. With technological progress and growing market demand, the smart meter industry will play a critical role in global energy transition and smart grid construction, with broader development space ahead. # Smart Meter Industry: Technological Innovation Drives Market Transformation, Global Layout Advances Recently, the smart meter industry has made significant progress, showing a new development trend driven by both technological innovation and market demand. With the in-depth advancement of global energy transition and the continuous implementation of "dual carbon" goals, smart meters, as key intelligent terminals in smart grid construction, are playing an increasingly important role. In terms of technological innovation, the in-depth integration of the Internet of Things (IoT), artificial intelligence (AI), big data, and low-power consumption technologies has brought changes to the smart meter industry. The application of IoT technology enables smart meters to collect and transmit electricity consumption data in real-time, realizing transparent management of electricity usage. Through seamless connection with power grids, smart meters support functions such as remote monitoring, automatic meter reading, and fault early warning, improving the operational efficiency and service level of power systems. Meanwhile, the combination of AI and big data technologies allows smart meters to conduct in-depth analysis of massive electricity consumption data,挖掘 users' electricity usage habits and needs, and provide energy management solutions to help users reduce energy consumption costs and improve energy utilization efficiency. In addition, the application of low-power consumption technologies has extended the battery life of meters, reduced the frequency and cost of battery replacement, and aligned with the development trend of green energy. Relevant entities have made progress in this field. In terms of market scale, the smart meter industry has development prospects. According to data from market research institution Omdia, the global smart grid market size reached $25.2 billion in 2024, and it is expected to grow at a compound annual growth rate of 8.6% from 2025 to 2030. As an important component of smart grids, the market demand for smart meters continues to rise. Data from Berg Insight shows that the global smart meter market size was $12.6 billion in 2023 and is expected to grow to $16.8 billion by 2028, with a growth rate of around 6% during 2023-2028. Mordor Intelligence predicts that the global smart meter market size will grow from 162 million units in 2024 to 236 million units by 2029, with a compound annual growth rate of 7.81%. In the domestic market, benefiting from national policy support, replacement cycles, and the increasing proportion of high-grade electric energy meters, the smart meter industry is expected to see growth in both volume and price. At the same time, the demand and market space in overseas markets are attracting domestic entities to deploy global businesses. In terms of industry development trends, personalized services have become a direction for the future development of smart meters. By integrating more sensors and intelligent algorithms, smart meters will be able to provide detailed analysis of users' electricity usage behavior, help users better manage energy consumption, and offer energy management solutions and services based on user needs and preferences, enhancing user experience and satisfaction. Furthermore, with technological progress, smart meters will continue to optimize in two-way communication and intelligent algorithms, realizing real-time interaction with power companies, conducting real-time monitoring and abnormal early warning of electricity data, improving the stability and security of power systems, optimizing power dispatching and distribution, and achieving rational use of energy. Recently, technological breakthroughs and innovative achievements have emerged in the industry. For example, a patent for "an automatic connection structure between smart meters and circuit breakers" was obtained, which realizes real-time communication between the smart meter body and remote integrated power supply systems through design innovation. Another patent application for "a magnetic flux measurement module, electric energy metering device, and anti-interference method" was filed, aiming to improve the metering accuracy of electric energy meters and reduce the impact of external interference on metering. These technological innovations will promote the development of the smart meter industry and enhance product performance and market competitiveness. With technological progress and growing market demand, the smart meter industry will play a critical role in global energy transition and smart grid construction, with broader development space ahead. # Smart Meter Industry: Technological Innovation Drives Market Transformation, Global Layout Advances Recently, the smart meter industry has made significant progress, showing a new development trend driven by both technological innovation and market demand. With the in-depth advancement of global energy transition and the continuous implementation of "dual carbon" goals, smart meters, as key intelligent terminals in smart grid construction, are playing an increasingly important role. In terms of technological innovation, the in-depth integration of the Internet of Things (IoT), artificial intelligence (AI), big data, and low-power consumption technologies has brought changes to the smart meter industry. The application of IoT technology enables smart meters to collect and transmit electricity consumption data in real-time, realizing transparent management of electricity usage. Through seamless connection with power grids, smart meters support functions such as remote monitoring, automatic meter reading, and fault early warning, improving the operational efficiency and service level of power systems. Meanwhile, the combination of AI and big data technologies allows smart meters to conduct in-depth analysis of massive electricity consumption data,挖掘 users' electricity usage habits and needs, and provide energy management solutions to help users reduce energy consumption costs and improve energy utilization efficiency. In addition, the application of low-power consumption technologies has extended the battery life of meters, reduced the frequency and cost of battery replacement, and aligned with the development trend of green energy. Relevant entities have made progress in this field. In terms of market scale, the smart meter industry has development prospects. According to data from market research institution Omdia, the global smart grid market size reached $25.2 billion in 2024, and it is expected to grow at a compound annual growth rate of 8.6% from 2025 to 2030. As an important component of smart grids, the market demand for smart meters continues to rise. Data from Berg Insight shows that the global smart meter market size was $12.6 billion in 2023 and is expected to grow to $16.8 billion by 2028, with a growth rate of around 6% during 2023-2028. Mordor Intelligence predicts that the global smart meter market size will grow from 162 million units in 2024 to 236 million units by 2029, with a compound annual growth rate of 7.81%. In the domestic market, benefiting from national policy support, replacement cycles, and the increasing proportion of high-grade electric energy meters, the smart meter industry is expected to see growth in both volume and price. At the same time, the demand and market space in overseas markets are attracting domestic entities to deploy global businesses. In terms of industry development trends, personalized services have become a direction for the future development of smart meters. By integrating more sensors and intelligent algorithms, smart meters will be able to provide detailed analysis of users' electricity usage behavior, help users better manage energy consumption, and offer energy management solutions and services based on user needs and preferences, enhancing user experience and satisfaction. Furthermore, with technological progress, smart meters will continue to optimize in two-way communication and intelligent algorithms, realizing real-time interaction with power companies, conducting real-time monitoring and abnormal early warning of electricity data, improving the stability and security of power systems, optimizing power dispatching and distribution, and achieving rational use of energy. Recently, technological breakthroughs and innovative achievements have emerged in the industry. For example, a patent for "an automatic connection structure between smart meters and circuit breakers" was obtained, which realizes real-time communication between the smart meter body and remote integrated power supply systems through design innovation. Another patent application for "a magnetic flux measurement module, electric energy metering device, and anti-interference method" was filed, aiming to improve the metering accuracy of electric energy meters and reduce the impact of external interference on metering. These technological innovations will promote the development of the smart meter industry and enhance product performance and market competitiveness. With technological progress and growing market demand, the smart meter industry will play a critical role in global energy transition and smart grid construction, with broader development space ahead.