스마트 유틸리티 관리 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the smart utilities management market size was valued at USD 17.65 billion in 2025 and estimated to grow from USD 20.38 billion in 2026 to reach USD 41.84 billion by 2031, at a CAGR of 15.45% during the forecast period (2026-2031).

This report is Segmented by Type (Meter Data Management Systems, Energy Monitoring / Management, Smart Distribution Management, and Advanced Outage Management Systems), Component (Hardware, Software, and Services), Utility Type (Electricity, Water, and Gas), Deployment Mode (On-Premise and Cloud), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global Smart Utilities Management Market Trends and Insights

Rise in Smart City Deployment

Smart-city programs are accelerating end-to-end utility digitalization as municipal planners demand integrated power, water, transport, and waste operations. Singapore's Punggol Digital District is deploying a district-level smart grid that unifies energy, cooling, and mobility data into a single command platform. China's vehicle-to-grid pilots are using connected electric vehicles to balance local distribution loads, signaling convergence between smart mobility and energy management. In the Middle East, Dubai Electricity and Water Authority committed USD 1.9 billion to its smart-grid roadmap, positioning utilities as digital backbones for city-wide optimization. These initiatives create strong network effects: once foundational telemetry is in place, additional city functions-from traffic lights to waste logistics-can ride on the same data spine, amplifying demand for unified utility platforms.

Government Mandates for Advanced Metering Infrastructure

Legislation is the single most powerful catalyst for near-term rollouts. Australia now requires universal smart meters across the National Electricity Market by 2030, declaring them "non-negotiable" for high-renewable grids. In the United States, the Energy Act of 2020 obliges federal facilities to install advanced water meters capable of daily readings. France's nationwide Linky program showcases how a mandate can hit 90% household coverage within five years, setting performance benchmarks that ripple into export markets. Guaranteed volume commitments give vendors scale to cut unit costs and conform products to common standards, thereby lowering adoption risk for late-moving utilities.

High Cost, Security and Integration Challenges for Smart Meters

Total-cost-of-ownership hurdles persist, especially where per-customer revenue is low. Full AMI conversions often require substation upgrades, head-end replacements, and new cybersecurity layers, driving up capex beyond meter hardware. Research published in the National Library of Medicine warns that each connected meter introduces an additional attack vector, expanding the grid's threat surface. Interoperability suffers when vendors restrict APIs or apply proprietary firmware, as illustrated by Australian debates over closed battery ecosystems that limit participation in grid services. Component shortages, driven by semiconductor supply tightness, are prolonging lead times and inflating prices-factors that utilities in cost-sensitive economies must absorb or pass through to consumers.

Other drivers and restraints analyzed in the detailed report include:

1. Integration of Distributed Energy Resources (DERs) and Microgrids
2. Improvements in Energy Efficiency
3. Complex, Evolving Data-Privacy Regulations

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Meter data management systems (MDMS) retained leadership with 47.85% revenue in 2025, underscoring utilities' priority to collect, validate, and analyze interval readings at scale. The segment's size also positions it as the anchor for broader analytics modules that feed outage, workforce, and asset-health applications, reinforcing vendor lock-in and fueling platform stickiness. Advanced outage management systems are accelerating at a 15.55% CAGR as utilities confront climate-driven extreme-weather events; AI-enabled topology modeling is shrinking fault-location windows from hours to minutes. CenterPoint Energy's post-hurricane partnership with Neara highlights how utilities procure cloud-native simulation tools to stress-test networks before storm seasons. As multi-application convergence continues, purchasing decisions increasingly factor a vendor's ability to harmonize MDMS with SCADA, geographic information systems, and DERMS, driving integrators to bundle modules in unified licenses.

A second-order effect of this convergence is the widening skills gap inside utilities. Operators accustomed to legacy SCADA must now interpret probabilistic forecasts and machine-learning outputs, steering utilities toward training programs or managed-operations contracts. Vendors that position MDMS as the kernel for operational intelligence are capturing downstream revenues in customer engagement, field-service automation, and cyber-response, strengthening the long-term cash-flow profile of the smart utilities management market.

Software accounted for 57.12% of spending in 2025, reflecting the high value assigned to analytics, visualization, and automation layers. Core utility software now embeds no-code dashboards, role-based access, and AI-assisted configuration, reducing commissioning cycles from months to days. Simultaneously, utilities are migrating license models from perpetual to subscription, smoothing opex but enlarging lifetime customer value for vendors. Services, although smaller, are expanding at 15.95% CAGR because integration and cybersecurity demands fall outside traditional utility competencies. Veolia's collaboration with Mistral AI is emblematic: the firm is embedding generative AI chat interfaces so plant managers can query asset efficiency in natural language, essentially converting domain data into decision support.

Hardware sales remain critical for grid-edge visibility-particularly in emerging markets embarking on first-wave smart-meter rollouts-but margins are tightening. Suppliers, therefore, bundle firmware licenses, extended warranties, and managed-upgrade programs to lock in recurring revenue. In parallel, cloud hyperscalers court utilities with sector-specific environments certified for NERC CIP and ISO 27001, lowering perceived risk and accelerating the cloud pivot inside the smart utilities management market.

Complete Report Scope:

• By Type
  • Meter Data Management Systems
  • Energy Monitoring / Management
  • Smart Distribution Management
  • Advanced Outage Management Systems
• By Component
  • Hardware
  • Software
  • Services
• By Utility Type
  • Electricity
  • Water
  • Gas
• By Deployment Mode
  • On-Premise
  • Cloud
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia and New Zealand
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Middle East
      • Saudi Arabia
      • United Arab Emirates
      • Turkey
      • Rest of Middle East
    • Africa
      • South Africa
      • Egypt
      • Nigeria
      • Rest of Africa

Geography Analysis

North America retained 38.25% revenue in 2025 thanks to a synchronized cycle of federal grants, state-level resiliency mandates, and aggressive investor-owned utility (IOU) capex plans. Penetration of AMI exceeds 80% of all meters, shifting attention to DERMS, outage prediction, and customer-centric time-of-use pricing. Europe continues to prioritize decarbonization and energy independence, championing digital twins for capacity planning and cybersecurity hardening across cross-border interties.

Asia-Pacific, however, posts the fastest 15.72% CAGR, anchored by China's USD 88.7 billion State Grid budget for 2025 and India's USD 109 billion transmission upgrade blueprint. Governments in the region view digital networks as a prerequisite for large-scale renewable integration and urbanization policies. Vendor strategies, therefore, emphasize cost-optimized hardware, multilingual interfaces, and local-services partnerships to navigate tender rules. Smaller Southeast Asian markets replicate early mover playbooks, compressing adoption curves and sustaining above-average growth for the smart utilities management market.

1. IBM Corporation
2. Siemens AG
3. Honeywell International Inc.
4. ABB Ltd
5. Cisco Systems Inc.
6. Atos SE
7. Itron Inc.
8. Schneider Electric SE
9. Oracle Corp.
10. Landis+Gyr AG
11. Aclara Technologies LLC
12. Sensus (Xylem Inc.)
13. Kamstrup A/S
14. Trilliant Holdings
15. Powel ASA
16. GE Digital
17. Eaton Corp. plc
18. Silver Spring Networks (Itron)
19. Enel X
20. Huawei Technologies Co.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Rise in Smart City Deployment
  • 4.2.2 Government Mandates for Advanced Metering Infrastructure
  • 4.2.3 Integration of Distributed Energy Resources (DERs) and Microgrids
  • 4.2.4 Improvements in Energy Efficiency
  • 4.2.5 Expansion of IoT-Edge Analytics in Utilities
  • 4.2.6 Digital-Twin Adoption for Water and Gas Networks
• 4.3 Market Restraints
  • 4.3.1 High Cost, Security and Integration Challenges for Smart Meters
  • 4.3.2 Complex, Evolving Data-Privacy Regulations
  • 4.3.3 Interoperability Gaps from Proprietary Ecosystems
  • 4.3.4 Rural Dependence on Aging Telecom Infrastructure
• 4.4 Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Consumers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitute Products
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Assessment of the Impact of Macroeconomic Trends on the Market

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Type
  • 5.1.1 Meter Data Management Systems
  • 5.1.2 Energy Monitoring / Management
  • 5.1.3 Smart Distribution Management
  • 5.1.4 Advanced Outage Management Systems
• 5.2 By Component
  • 5.2.1 Hardware
  • 5.2.2 Software
  • 5.2.3 Services
• 5.3 By Utility Type
  • 5.3.1 Electricity
  • 5.3.2 Water
  • 5.3.3 Gas
• 5.4 By Deployment Mode
  • 5.4.1 On-Premise
  • 5.4.2 Cloud
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Italy
    • 5.5.2.5 Spain
    • 5.5.2.6 Rest of Europe
  • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 South Korea
    • 5.5.3.5 Australia and New Zealand
    • 5.5.3.6 Rest of Asia-Pacific
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle East and Africa
    • 5.5.5.1 Middle East
      • 5.5.5.1.1 Saudi Arabia
      • 5.5.5.1.2 United Arab Emirates
      • 5.5.5.1.3 Turkey
      • 5.5.5.1.4 Rest of Middle East
    • 5.5.5.2 Africa
      • 5.5.5.2.1 South Africa
      • 5.5.5.2.2 Egypt
      • 5.5.5.2.3 Nigeria
      • 5.5.5.2.4 Rest of Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global overview, Market overview, Core Segments, Financials, Strategic Info, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 IBM Corporation
  • 6.4.2 Siemens AG
  • 6.4.3 Honeywell International Inc.
  • 6.4.4 ABB Ltd
  • 6.4.5 Cisco Systems Inc.
  • 6.4.6 Atos SE
  • 6.4.7 Itron Inc.
  • 6.4.8 Schneider Electric SE
  • 6.4.9 Oracle Corp.
  • 6.4.10 Landis+Gyr AG
  • 6.4.11 Aclara Technologies LLC
  • 6.4.12 Sensus (Xylem Inc.)
  • 6.4.13 Kamstrup A/S
  • 6.4.14 Trilliant Holdings
  • 6.4.15 Powel ASA
  • 6.4.16 GE Digital
  • 6.4.17 Eaton Corp. plc
  • 6.4.18 Silver Spring Networks (Itron)
  • 6.4.19 Enel X
  • 6.4.20 Huawei Technologies Co.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment