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Metering as a Service Market Size, Share and Forecast 2026-2036

The global metering as a service market is worth USD 3.3 bn in 2026 and is forecast to reach USD 7.7 bn by 2036, growing at a 9.0% CAGR. United States is the largest country market and Electricity is the largest by utility segment.

USD 3.3 bnMarket size 2026
USD 7.7 bnForecast 2036
9.0%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global metering as a service market is worth USD 3.3 bn in 2026 and is forecast to reach USD 7.7 bn by 2036, growing at a 9.0% CAGR. United States is the largest country market and Electricity is the largest by utility segment.

ScopeMeters supplied to utilities as a service: electricity, gas, water and heat meters owned, financed, installed, read and maintained by a provider for a recurring fee.
IndustryServices and Utilities
Value 2025USD 3.0 bn
Value 2026USD 3.3 bn
Value 2036USD 7.7 bn
CAGR 2026-20369.0%
Volume 202643.2 million meters
Volume 203692.5 million meters
Average price 2026USD 75.8 per meter
Report priceStarts from USD 1,999
PublishedNovember 2026

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Metering as a Service market size and forecast, 2026-2036

Exhibit 1The global metering as a service market is forecast to grow from USD 3.3 bn in 2026 to USD 7.7 bn by 2036, more than doublingGlobal market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 9.0%
Metering as a Service market value, 2025 to 2036Market value by year. 2025: USD 3.0 bn; 2026: USD 3.3 bn; 2027: USD 3.6 bn; 2028: USD 3.9 bn; 2029: USD 4.2 bn; 2030: USD 4.6 bn; 2031: USD 5.0 bn; 2032: USD 5.5 bn; 2033: USD 6.0 bn; 2034: USD 6.5 bn; 2035: USD 7.1 bn; 2036: USD 7.7 bn. Compound annual growth rate 2026 to 2036: 9.0%.20253.3 bn20265.0 bn20317.7 bn20369.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 3.3 bn
2027USD 3.6 bn
2028USD 3.9 bn
2029USD 4.2 bn
2030USD 4.6 bn
2031USD 5.0 bn
2032USD 5.5 bn
2033USD 6.0 bn
2034USD 6.5 bn
2035USD 7.1 bn
2036USD 7.7 bn

Metering as a Service market segmentation

By utility

Exhibit 2Electricity is the largest segment by utility, with 54.0% of 2026 revenueEstimated share of 2026 global revenue, by utility
Metering as a Service market share by utility, 2026Share of 2026 revenue by utility. Electricity: 54.0%; Water: 24.0%; Gas: 16.0%; Heat: 6.0%.Electricity54.0%Water24.0%Gas16.0%Heat6.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Electricity54.0%54.2%USD 1.8 bn9.0%
Water24.0%26.4%USD 785 mn10.0%
Gas16.0%14.0%USD 523 mn7.5%
Heat6.0%5.5%USD 196 mn8.0%

By service

Exhibit 3Data management and analytics adds the most revenue by service, growing from USD 981 mn in 2026 to USD 2.8 bn by 2036Estimated revenue in USD by service, 2026 and 2036 forecast
Metering as a Service market by service, 2026 and 2036Revenue by service in 2026 and 2036. Data management and analytics: USD 981 mn in 2026, USD 2.8 bn in 2036, change +181%; Meter provision and financing: USD 1.2 bn in 2026, USD 2.7 bn in 2036, change +113%; Installation and maintenance: USD 1.0 bn in 2026, USD 2.3 bn in 2036, change +123%.20262036 forecastChangeData management and analytics+181%981 mn2.8 bnMeter provision and financing+113%1.2 bn2.7 bnInstallation and maintenance+123%1.0 bn2.3 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Meter provision and financing38.0%34.2%USD 1.2 bn7.9%
Data management and analytics30.0%35.6%USD 981 mn10.9%
Installation and maintenance32.0%30.2%USD 1.0 bn8.4%

By customer

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Utilities and suppliers70.0%69.2%USD 2.3 bn8.9%
Commercial and industrial18.0%19.5%USD 589 mn9.9%
Housing and property owners12.0%11.3%USD 392 mn8.4%

By contract term

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Under 5 years28.0%22.0%USD 916 mn6.4%
5 to 10 years46.0%46.0%USD 1.5 bn9.0%
Over 10 years26.0%32.0%USD 850 mn11.3%

By financing model

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Provider-financed meters44.0%47.0%USD 1.4 bn9.7%
Shared investment30.0%29.0%USD 981 mn8.6%
Service fee on utility-owned assets26.0%24.0%USD 850 mn8.1%

Top 25 countries for metering as a service by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 76.0% of 2026 revenue and the 25 countries below together hold 93.8%.

Exhibit 4United States is the largest country market at USD 719 mn in 2026, and the three largest countries hold 44.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Metering as a Service market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 719 mn, 22.0%; United Kingdom: USD 458 mn, 14.0%; Germany: USD 262 mn, 8.0%; France: USD 229 mn, 7.0%; China: USD 196 mn, 6.0%; Australia: USD 164 mn, 5.0%; Japan: USD 131 mn, 4.0%; Italy: USD 131 mn, 4.0%; Spain: USD 98 mn, 3.0%; Netherlands: USD 98 mn, 3.0%.United States719 mn 22.0%United Kingdom458 mn 14.0%Germany262 mn 8.0%France229 mn 7.0%China196 mn 6.0%Australia164 mn 5.0%Japan131 mn 4.0%Italy131 mn 4.0%Spain98 mn 3.0%Netherlands98 mn 3.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 719 mn22.0%USD 1.8 bn9.6%
2United KingdomUSD 458 mn14.0%USD 913 mn7.2%
3GermanyUSD 262 mn8.0%USD 596 mn8.6%
4FranceUSD 229 mn7.0%USD 526 mn8.7%
5ChinaUSD 196 mn6.0%USD 619 mn12.2%
6AustraliaUSD 164 mn5.0%USD 395 mn9.2%
7JapanUSD 131 mn4.0%USD 271 mn7.5%
8ItalyUSD 131 mn4.0%USD 286 mn8.2%
9SpainUSD 98 mn3.0%USD 232 mn9.0%
10NetherlandsUSD 98 mn3.0%USD 217 mn8.2%
11CanadaUSD 94 mn2.9%USD 216 mn8.7%
12IndiaUSD 67 mn2.0%USD 184 mn10.6%
13South KoreaUSD 54 mn1.6%USD 123 mn8.7%
14BrazilUSD 46 mn1.4%USD 115 mn9.7%
15SwedenUSD 41 mn1.2%USD 93 mn8.6%
16NorwayUSD 37 mn1.1%USD 84 mn8.6%
17DenmarkUSD 34 mn1.0%USD 77 mn8.7%
18FinlandUSD 31 mn1.0%USD 72 mn8.7%
19BelgiumUSD 29 mn0.9%USD 67 mn8.6%
20PolandUSD 28 mn0.8%USD 63 mn8.6%
21SwitzerlandUSD 26 mn0.8%USD 60 mn8.6%
22MexicoUSD 25 mn0.8%USD 63 mn9.7%
23Saudi ArabiaUSD 24 mn0.7%USD 60 mn9.7%
24United Arab EmiratesUSD 23 mn0.7%USD 57 mn9.6%
25TurkeyUSD 22 mn0.7%USD 56 mn9.6%
Rest of worldUSD 204 mn6.2%USD 489 mn9.1%
Exhibit 5United States and United Kingdom account for 34% of the USD 4.5 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Metering as a Service market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 3.3 bn. United States: +USD 1.1 bn; United Kingdom: +USD 456 mn; China: +USD 423 mn; Germany: +USD 334 mn; France: +USD 298 mn; 20 other countries: +USD 1.6 bn; Rest of world: +USD 285 mn. Market value 2036: USD 7.7 bn.Market value 20263.3 bnUnited States+1.1 bnUnited Kingdom+456 mnChina+423 mnGermany+334 mnFrance+298 mn20 other countries+1.6 bnRest of world+285 mnMarket value 20367.7 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Landis+Gyr
  • Itron
  • Xylem
  • Hexing Electrical
  • Honeywell Elster

Group 2: Regional and specialist players

  • Kamstrup
  • Smart Metering Systems
  • Hubbell
  • Sagemcom
  • Iskraemeco
  • Badger Meter
  • Diehl Metering
  • Secure Meters
  • Genus Power Infrastructures

Group 3: Emerging and niche players

  • Gentrack
  • EDMI
  • Kaifa

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the metering as a service market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 9.0% is calculated from the resulting values.

The market is divided by utility, by service, by customer, by contract term, by financing model. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the metering as a service market?

The global metering as a service market is estimated at USD 3.0 bn in 2025 and USD 3.3 bn in 2026.

How fast will the metering as a service market grow?

It is forecast to reach USD 7.7 bn by 2036, a compound annual growth rate of 9.0% from 2026, an increase of USD 4.5 bn.

Which country is the largest market for metering as a service?

United States is the largest market by revenue at USD 719 mn in 2026, 22.0% of the global total. The three largest countries together hold 44.0%.

Which country is growing fastest?

Among the ten largest markets, China is growing fastest at 12.2% a year from 2026 to 2036.

Which metering as a service segment is largest?

In the by utility split, Electricity is the largest segment with 54.0% of 2026 revenue.

Who are the leading metering as a service companies?

Global leaders include Landis+Gyr, Itron, Xylem, Hexing Electrical.

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