Smart metering holds a significant position among utility use cases, primarily because it addresses key challenges in the utility sector and aligns with broader technological trends, such as energy management and cost efficiency. According to the Transforma Insights IoT Forecast Database, global annual shipments of smart metering devices monitoring electricity, gas, or water usage in 2021 were 36.4 million for gas, 37.5 million for water, and 145 million for electricity.
This is because IoT integrates smart meters into existing ecosystems, being a valuable tool for collecting data on infrastructure, public services, and population behavior. This data informs urban planning, resource allocation, and sustainability initiatives. More than 50% of global utilities use cases and reference stories with 1NCE are based on smart metering solutions.