Smart Utilities Market Report 2026
Smart Utilities Market Report 2026
Global Outlook – By Components (Hardware, Software, Services), By Technology (Wired, Wired-Less), By Applications (Meter Hardware, Communications And Networking, Power Quality Equipment, Technologies) – Market Size, Trends, Strategies, and Forecast to 2035
Smart Utilities Market Overview
• Smart Utilities market size has reached to $52.86 billion in 2025 • Expected to grow to $97.77 billion in 2030 at a compound annual growth rate (CAGR) of 13.1% • Growth Driver: Growing Adoption Of Electric Vehicles Is Driving The Growth Of The Smart Utilities • Market Trend: Technologically Advanced Smart Water Solution To Drive Innovation In Smart Utilities • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.
What Is Covered Under Smart Utilities Market?
Smart utilities refer to modernized systems and technologies employed in the management, monitoring, and optimization of various utility services such as electricity, water, and gas. Smart utilities utilize connected sensors across their grids to deliver services more efficiently, leveraging the Internet of Things (IoT) and digital technologies to optimize asset performance, provide real-time business intelligence, and prevent utility loss. The main components of smart utilities include hardware, software, and services. Hardware refers to the physical devices and equipment used to manage and monitor utility services such as electricity, water, and gas. The technology includes wired, and wired-less for end applications in meter hardware, communications and networking, power quality equipment, and technologies.
What Is The Smart Utilities Market Size and Share 2026?
The smart utilities market size has grown rapidly in recent years. It will grow from $52.86 billion in 2025 to $59.81 billion in 2026 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to digitization of utility operations, expansion of connected utility assets, early adoption of scada-based monitoring systems, increasing investments in grid automation, rising demand for operational efficiency.What Is The Smart Utilities Market Growth Forecast?
The smart utilities market size is expected to see rapid growth in the next few years. It will grow to $97.77 billion in 2030 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to increasing investments in smart utility modernization, rising integration of ai-driven analytics, expansion of connected water and gas networks, growing adoption of cloud-based utility platforms, increasing focus on sustainability-driven utility optimization. Major trends in the forecast period include increasing adoption of integrated utility management platforms, rising deployment of iot-enabled utility sensors, growing use of predictive analytics for asset management, expansion of cloud-based utility operations, enhanced focus on loss prevention and efficiency.Global Smart Utilities Market Segmentation
1) By Components: Hardware, Software, Services 2) By Technology: Wired, Wired-Less 3) By Applications: Meter Hardware, Communications And Networking, Power Quality Equipment, Technologies Subsegments: 1) By Hardware: Smart Meters (Electricity, Gas, Water), Communication Modules (For Smart Grid Networks), Sensors And Actuators (For Monitoring And Control), Smart Grids And Substations Equipment, Advanced Metering Infrastructure (Ami), Energy Storage Systems (Batteries), Smart Transformers And Circuit Breakers, Iot Devices For Utilities 2) By Software: Smart Grid Management Software, Utility Data Management Systems (Udms), Energy Management Software (Ems), Geographic Information Systems (Gis), Billing And Customer Information Systems (Cis), Predictive Analytics And Forecasting Software, Scada Systems (Supervisory Control And Data Acquisition), Cloud-based Software For Utility Operations 3) By Services: Installation And Commissioning Services, Consulting Services (For Smart Grid Design And Implementation), Maintenance And Support Services, Data Analytics And Reporting Services, Cloud Hosting And Data Storage Services, Cybersecurity Services For Smart Utilities, Managed Services (For Operations And Monitoring), Remote Monitoring And Diagnostics ServicesWhat Is The Driver Of The Smart Utilities Market?
The growing adoption of electric vehicles is expected to propel the growth of the smart utilities market going forward. Electric vehicles (EVs) are powered by one or more electric motors using energy stored in rechargeable batteries or another energy storage device. The growing use of electric vehicles is due to convenience and ecological benefits, as well as the increasing availability of models, decreasing costs, and government policies favoring decarbonization. Smart utilities facilitate the integration of electric vehicles (EVs) by optimizing charging infrastructure, managing grid demand, and enabling efficient energy distribution. For instance, in January 2025, according to the Cox Automotive, a US-based system software company, electric vehicle (EV) sales in 2023 were revised upward to 1,212,758 units, representing a 49% increase compared to 2022, and continued to grow in 2024, rising by 7.3% to reach 1,301,411 units. Therefore, the growing adoption of electric vehicles is driving the growth of the smart utilities industry.Key Players In The Global Smart Utilities Market
Major companies operating in the smart utilities market are Siemens AG, General Electric Company, International Business Machines Corporation, Cisco Systems Inc, Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc, ABB Ltd, SAP SE, Eaton Corporation plc, Atos SE, Wipro Limited, Tech Mahindra Limited, Hubbell Incorporated, Itron Inc, Enel X S.r.l., Landis+Gyr Group AG, S&C Electric Company, Kamstrup A/S, Tantalus Systems Corporation, Trilliant Holdings IncGlobal Smart Utilities Market Trends and Insights
Major companies operating in the smart utilities market are focusing on developing technologically advanced solutions, such as advanced meter infrastructure (AMI) solutions, to modernize urban water management and gain a competitive edge in the market. Advanced Meter Infrastructure (AMI) solutions refer to integrated systems that enable automated, real-time data collection and management for efficient utility monitoring and control. For instance, in June 2024, ST Engineering., a Singapore-based technology and engineering group, launched BrightCity, an advanced meter infrastructure (AMI) solution for helping utility providers and end users manage water consumption. BrightCity addresses challenges in aging water infrastructure and fragmented meter systems by transforming conventional meters into smart meters using its innovative Meter Interface Unit (MIU). This MIU, compatible with most water meters, enables wireless data collection and integration into a central Meter Data Management System (MDMS). The system provides real-time insights, predictive leakage detection, and a customer portal for monitoring water usage.What Are Latest Mergers And Acquisitions In The Smart Utilities Market?
In February 2023, Smart Energy Water (SEW), a US-based provider of digital customer and workforce solutions, acquired 3Insys for an undisclosed amount. Through this acquisition, SEW aimed to leverage 3Insys' expertise and technology to enhance its offerings and expand its market reach in the digital solutions sector. 3Insys is a US-based provider of an Agile Integration Platform as a Service (iPaaS) for the energy and utility industries.Regional Outlook
North America was the largest region in the smart utilities market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, SpainWhat Defines the Smart Utilities Market?
The smart utilities market consists of revenues earned by entities by providing services such as energy auditing services, utility billing services, grid management services, and remote monitoring services. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart utilities market also includes sales of products including smart meters, smart grids, smart sensors, and smart thermostats. 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.How is Market Value Defined and Measured?
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.What Key Data and Analysis Are Included in the Smart Utilities Market Report 2026?
The smart utilities market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Market Report 2026?global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the smart utilities Market Report 2026? The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the Market Report 2026?Smart Utilities Market Report Forecast Analysis
| Report Attribute | Details |
|---|---|
| Market Size Value In 2026 | $59.81 billion |
| Revenue Forecast In 2035 | $97.77 billion |
| Growth Rate | CAGR of 13.2% from 2026 to 2035 |
| Base Year For Estimation | 2025 |
| Actual Estimates/Historical Data | 2020-2025 |
| Forecast Period | 2026 - 2030 - 2035 |
| Market Representation | Revenue in USD Billion and CAGR from 2026 to 2035 |
| Segments Covered | Components, Technology, Applications |
| Regional Scope | Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa |
| Country Scope | The countries covered in the report are Australia, Brazil, China, France, Germany, India, ... |
| Key Companies Profiled | Siemens AG, General Electric Company, International Business Machines Corporation, Cisco Systems Inc, Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc, ABB Ltd, SAP SE, Eaton Corporation plc, Atos SE, Wipro Limited, Tech Mahindra Limited, Hubbell Incorporated, Itron Inc, Enel X S.r.l., Landis+Gyr Group AG, S&C Electric Company, Kamstrup A/S, Tantalus Systems Corporation, Trilliant Holdings Inc |
| Customization Scope | Request for Customization |
| Pricing And Purchase Options | Explore Purchase Options |
Frequently Asked Questions
The Smart Utilities market was valued at $52.86 billion in 2025, increased to $52.86 billion in 2026, and is projected to reach $97.77 billion by 2030.
request a sample hereThe expected CAGR for the Smart Utilities market during the forecast period 2025–2030 is 13.1%.
request a sample hereMajor growth driver of the market includes: Growing Adoption Of Electric Vehicles Is Driving The Growth Of The Smart Utilities in the Smart Utilities market. For further insights on this market,
request a sample hereThe smart utilities market covered in this report is segmented –
1) By Components: Hardware, Software, Services
2) By Technology: Wired, Wired-Less
3) By Applications: Meter Hardware, Communications And Networking, Power Quality Equipment, Technologies Subsegments:
1) By Hardware: Smart Meters (Electricity, Gas, Water), Communication Modules (For Smart Grid Networks), Sensors And Actuators (For Monitoring And Control), Smart Grids And Substations Equipment, Advanced Metering Infrastructure (Ami), Energy Storage Systems (Batteries), Smart Transformers And Circuit Breakers, Iot Devices For Utilities
2) By Software: Smart Grid Management Software, Utility Data Management Systems (Udms), Energy Management Software (Ems), Geographic Information Systems (Gis), Billing And Customer Information Systems (Cis), Predictive Analytics And Forecasting Software, Scada Systems (Supervisory Control And Data Acquisition), Cloud-based Software For Utility Operations
3) By Services: Installation And Commissioning Services, Consulting Services (For Smart Grid Design And Implementation), Maintenance And Support Services, Data Analytics And Reporting Services, Cloud Hosting And Data Storage Services, Cybersecurity Services For Smart Utilities, Managed Services (For Operations And Monitoring), Remote Monitoring And Diagnostics Services
request a sample here1) By Components: Hardware, Software, Services
2) By Technology: Wired, Wired-Less
3) By Applications: Meter Hardware, Communications And Networking, Power Quality Equipment, Technologies Subsegments:
1) By Hardware: Smart Meters (Electricity, Gas, Water), Communication Modules (For Smart Grid Networks), Sensors And Actuators (For Monitoring And Control), Smart Grids And Substations Equipment, Advanced Metering Infrastructure (Ami), Energy Storage Systems (Batteries), Smart Transformers And Circuit Breakers, Iot Devices For Utilities
2) By Software: Smart Grid Management Software, Utility Data Management Systems (Udms), Energy Management Software (Ems), Geographic Information Systems (Gis), Billing And Customer Information Systems (Cis), Predictive Analytics And Forecasting Software, Scada Systems (Supervisory Control And Data Acquisition), Cloud-based Software For Utility Operations
3) By Services: Installation And Commissioning Services, Consulting Services (For Smart Grid Design And Implementation), Maintenance And Support Services, Data Analytics And Reporting Services, Cloud Hosting And Data Storage Services, Cybersecurity Services For Smart Utilities, Managed Services (For Operations And Monitoring), Remote Monitoring And Diagnostics Services
Major trend in this market includes: Technologically Advanced Smart Water Solution To Drive Innovation In Smart Utilities For further insights on this market,
request a sample hereMajor companies operating in the Smart Utilities market are Major companies operating in the smart utilities market are Siemens AG, General Electric Company, International Business Machines Corporation, Cisco Systems Inc, Oracle Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc, ABB Ltd, SAP SE, Eaton Corporation plc, Atos SE, Wipro Limited, Tech Mahindra Limited, Hubbell Incorporated, Itron Inc, Enel X S.r.l., Landis+Gyr Group AG, S&C Electric Company, Kamstrup A/S, Tantalus Systems Corporation, Trilliant Holdings Inc
request a sample hereNorth America was the largest region in the smart utilities market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart utilities market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
request a sample here