Top 60 Smart Meter Companies in 2024

Things to know about Smart Meter

What is a Smart Meter?

A smart meter is an advanced type of utility meter that records energy consumption in real-time and sends this data to the service provider for monitoring and billing purposes. Unlike traditional meters, smart meters facilitate two-way communication between the meter and the utility company, enabling more accurate billing and faster response times in case of outages. These devices typically offer consumers insights into their energy usage patterns, allowing them to make informed decisions about their energy consumption. Additionally, smart meters support the integration of renewable energy sources and enhance the overall efficiency of energy distribution systems.

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How does a Smart Meter work?

Smart meters function by utilizing advanced technology to measure energy consumption in real-time. They replace traditional meters and communicate data directly to utility companies through secure wireless networks. These devices capture information such as electricity, gas, or water usage and transmit it at regular intervals. The data is then processed and analyzed, allowing both consumers and providers to monitor usage patterns. This facilitates better energy management, helps identify any issues promptly, and supports the integration of renewable energy sources. With smart meters, users can also access real-time information about their consumption, leading to more informed decisions about energy use and potentially reducing costs.

What are the benefits of using a Smart Meter?

1. Energy Efficiency
Smart meters provide real-time data on energy consumption, allowing users to monitor and adjust their usage. This can lead to significant savings on energy bills and promote more efficient energy habits.

2. Enhanced Monitoring
With smart meters, consumers can track their energy usage patterns over time. This detailed information helps identify peak usage times and opportunities for reducing consumption, contributing to a more sustainable lifestyle.

3. Improved Reliability
These devices help utilities detect outages and issues more rapidly, enhancing overall service reliability. By providing immediate feedback, smart meters can facilitate faster repairs and maintenance.

4. Greater Transparency
Smart meters give users access to detailed billing information, reducing disputes with utility companies. This transparency fosters trust and accountability in energy consumption and billing practices.

Are there any privacy concerns with Smart Meters?

Smart meters can raise several privacy concerns for consumers. They collect detailed data on energy usage patterns, which can reveal personal habits and routines. This data can potentially be accessed by third parties, including utility companies and hackers, leading to unauthorized use or breaches of personal information. Additionally, the transmission of data from smart meters to utility providers often occurs wirelessly, which may expose it to interception. Consumers are advised to understand their utility provider's privacy policies and data protection measures to ensure their information remains secure.

How can Smart Meters help in reducing energy consumption?

Smart meters play a crucial role in reducing energy consumption by providing real-time data on energy usage. By allowing consumers to monitor their energy consumption patterns, these devices promote more informed decision-making. Users can identify peak usage times and adjust their habits accordingly, leading to more efficient energy use. Furthermore, smart meters facilitate dynamic pricing, which encourages users to consume energy during off-peak hours when rates are lower. This shift not only helps in reducing overall energy demand but also contributes to a more balanced energy grid. Overall, the insights gained from smart meters empower consumers to optimize their energy consumption and potentially lower their utility bills.

Insights about the Smart Meter results above

Some interesting numbers and facts about your company results for Smart Meter

Country with most fitting companiesNetherlandsAmount of fitting manufacturersAmount of suitable service providersAverage amount of employees1-10Oldest suiting companyYoungest suiting company

Geographic distribution of results

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Frequently asked questions (FAQ) about Smart Meter Companies

Some interesting questions that has been asked about the results you have just received for Smart Meter

What are related technologies to Smart Meter?

Based on our calculations related technologies to Smart Meter are Big Data, E-Health, Retail Tech, Artificial Intelligence & Machine Learning, E-Commerce

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Who are Start-Ups in the field of Smart Meter?

Start-Ups who are working in Smart Meter are MeterXpert

Which industries are mostly working on Smart Meter?

The most represented industries which are working in Smart Meter are IT, Software and Services, Other, Oil, Energy and Gas, Electronics and Electrical engineering, Construction

How does ensun find these Smart Meter Companies?

ensun uses an advanced search and ranking system capable of sifting through millions of companies and hundreds of millions of products and services to identify suitable matches. This is achieved by leveraging cutting-edge technologies, including Artificial Intelligence.

Smart Meter results by various countries

Related categories of Smart Meter

This article provides an overview of 10 new smart meters companies advancing the field through innovations like app-enabled energy meters and IoT-based metering systems enabling seamless data integration and user control. Dynamic metering is another technology that optimizes energy consumption in real-time. The featured companies highlight the diverse and expanding applications of smart meters in residential, commercial, and industrial settings. These new smart meter solutions also empower consumers and utilities to optimize energy use and usher in a more sustainable future.

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Key Takeaways

Drawing insights from the Big Data & AI-powered StartUs Insights Discovery Platform that provides data on over 4.7+ million emerging companies globally, we explore the evolving landscape of the smart meter industry. This sector is marked by key trends and a substantial workforce, shaping its future. We updated this report 5 days ago. Missing information? Contact us to add your insights. Here are some key insights at a glance:

• Current Smart Meter Trends: Some of the current smart meter trends are artificial intelligence, IoT, big data, 5G, and multi-utility monitoring.
• Smart Meter Industry Statistics: The global smart meter industry encompasses 2.8K+ organizations and has a massive 414K workforce. It is experiencing a rise of 14.25% in annual growth rate but has seen the emergence of 700+ new smart meter companies in the past five years.
• List of Smart Meter Companies (Top 10):
  1. 1. Smartmeters Technologies &#; Smart Gas Meter
     2. Open Volt &#; API for Smart Meter Data
     3. Green Metering &#; Real-time Energy Usage Monitoring
     4. Qube &#; App-enabled Energy Meter
     5. Flowd &#; Water Consumption Monitoring
     6. hydrop systems &#; Water Consumption Monitoring
     7. Calisto &#; Smart Flow Meter
     8. BRICK4U &#; IoT-based Metering
     9. Harim Analytics &#; Water Quality Monitoring
     10. Ostrom &#; Dynamic Metering

Meet 10 out of 700+ Emerging Smart Meter Companies

In this section, we spotlight 10 new smart meter companies offering solutions like API for smart meter data, water consumption monitoring, smart flow meters, and dynamic metering. These solutions integrate intelligent algorithms, IoT frameworks, and real-time data analytics. They utilize sensor technologies and data integration techniques to enhance energy management, resource conservation, and operational efficiency.

Note on Signal Strength
One of the unique metrics we feature for each company is Signal Strength, a proprietary data point generated by our Discovery Platform. It gauges the extent to which a company&#;s influence has permeated the global ecosystem of startups, scaleups, and emerging companies. This proprietary metric serves as a valuable guidepost for understanding a company&#;s standing in the broader market landscape.

• Founding Year:
• Employee Range: 51-200
• Location: India
• Signal Strength: Very Strong
• What they do: Smartmeters Technologies manufactures gas meters that provide end-to-end smart meter capabilities for gas utilities. EVEREST G1.6 is the company&#;s smart prepaid diaphragm gas meter, which supports remote valve control and dual communication modes for consumer flexibility. Further, Victory, an automatic meter reading module, eliminates the need for physical meter readings by uploading data directly to the server. These products cater to residential and commercial users, enhancing accuracy and convenience in gas consumption measurement.

• Founding Year:
• Employee Range: 2-10
• Location: UK
• Signal Strength: Very Strong
• What they do: Openvolt provides an API that accesses smart meter data, allowing integration with various energy applications and providing access to granular energy consumption data. It supports compliance with local regulations and data privacy laws, ensuring secure and reliable data management. The API facilitates energy services, solar PV installations, virtual power plants, and EV charging, enhancing efficiency and accuracy. Businesses benefit from easy data retrieval, regulatory compliance, and improved energy management capabilities. The platform streamlines access to interval data and supports multi-country operations.

• Founding Year:
• Employee Range: 2-10
• Location: Australia
• Signal Strength: Medium Strong
• What they do: Green Metering provides smart meters that measure real-time electricity usage for accurate grid and household monitoring. The smart meter features real-time usage information, fast power outage detection, and cost monitoring to optimize electricity consumption. The company&#;s technology enables integration with solar power, allowing users to maximize generation and sell excess power back to the grid. It also facilitates electric vehicle charging by scheduling charging times to reduce costs and enable vehicle-to-home power transfers. The solution also enhances household battery storage management, allowing users to store cheap power and sell it during peak times. These solutions benefit both residential and commercial users by improving accuracy, efficiency, and cost management.

• Founding Year:
• Employee Range: 2-10
• Location: India
• Signal Strength: Medium
• What they do: Qube offers an app-enabled energy meter that enables automatic electricity bill collection. The meter measures eight electrical parameters and allows remote power control using WiFi communication. Users benefit from a mobile app with real-time data, OTP-based authentication, and comprehensive analytics available on iOS and Android. The web platform offers a ready-to-use dashboard, remote power control, and public API integration for seamless data sharing. Applications include hotels, coliving spaces, coworking spaces, commercial buildings, residential homes, and industrial facilities, optimizing energy usage and cost management. The system supports custom tariffs, providing tailored solutions for diverse energy management needs.

• Founding Year:
• Employee Range: 11-50
• Location: Australia
• Signal Strength: Medium
• What they do: Flowd develops smart water metering solutions that detect hidden leaks, monitor water usage, and save costs. The leak detection technology identifies issues before they become costly, providing precise water metering for various spaces. Flowd&#;s real-time monitoring helps users understand consumption trends, promoting sustainable practices and accurate billing. It supports property management by simplifying water oversight in shared spaces and enhancing efficiency and fairness. The system&#;s web-based application enables users to control meters remotely, receive analytics, and set customizable alerts. Benefits extend to residential, commercial, and industrial users by optimizing water management and reducing expenses. Flowd also integrates with existing digital metering devices, ensuring comprehensive water management solutions.

• Founding Year:
• Employee Range: 2-10
• Location: Germany
• Signal Strength: Strong
• What they do: hydrop systems develops an attachable device that digitizes analog water meters and automates meter reading to analyze usage and detect leaks. The device monitors water flow in real time to identify potential savings and early signs of leakage, preventing extensive damage. This technology assists in managing water resources more efficiently, appealing to environmental awareness and cost concerns. Private individuals, building managers, and city planners benefit from detailed insights and optimized water use. Additionally, hydrop systems employ artificial intelligence to disaggregate water usage data, allowing users to pinpoint consumption patterns.

• Founding Year:
• Employee Range: 2-10
• Location: USA
• Signal Strength: Medium
• What they do: Calisto provides flow meters that enhance data collection and management in the pest control and lawn care industries. The Insight Flow Meter collects extensive data on spray volume, walking distance, and spraying time, significantly surpassing existing solutions. The mobile app connects to the flow meter, enabling real-time data tracking, saving, and cloud uploading. It is compatible with Android, iPhone, and iPad. The web-based dashboard provides insights, device management, technician monitoring, and CRM integration for seamless data access. These tools empower service companies to optimize chemical usage, track inventory, and ensure liability protection through accurate data storage. This integrated platform supports high-quality service delivery, operational efficiency, and legal risk management.

• Founding Year:
• Employee Range: 11-50
• Location: Germany
• Signal Strength: Very Strong
• What they do: BRICK4U provides an IoT device that collects comprehensive measurement and condition data from utility meters, enabling seamless digital integration without configuration. The company&#;s platform supports energy providers, property managers, and service operators by optimizing and streamlining data processes. This enables enhanced data accuracy, improved process flexibility, and efficient energy management. The system&#;s design facilitates easy adoption in various real estate and utility applications, promoting sustainability and operational efficiency. BRICK4U&#;s solutions thus provide data insights, supporting informed decision-making and effective resource management.

• Founding Year:
• Employee Range: 11-50
• Location: Mexico
• Signal Strength: Medium
• What they do: Harim Analytics develops battery-operated sensors for monitoring water, electricity, and gas consumption. The company&#;s smart meters use long-range radio frequency signals to transmit data wirelessly to a central hub, ensuring efficient monitoring. The data collected is encrypted and securely stored in the cloud, providing continuous access to historical measurements. Harim&#;s product range includes wireless level monitoring, water quality monitoring, energy monitoring, and remote temperature monitoring solutions. The platform supports seamless integration of multiple sensors, enhancing data accuracy and reliability.

• Founding Year:
• Employee Range: 11-50
• Location: Germany
• Signal Strength: Very Strong
• What they do: Ostrom provides green electricity, and smart energy platforms offer dynamic pricing through smart metering. The company&#;s software allows users to adjust energy consumption based on hourly market rates for optimal savings. The Ostrom app supports real-time meter readings, payment management, and customer service, enhancing user convenience. The solution benefits residential and commercial users by offering flexible tariffs and seamless integration with smart home devices.

Quick Tip to Find New Smart Meter Companies

Utilizing a SaaS platform like the Discovery Platform for identifying new smart meter solutions provides significant benefits compared to traditional scouting methods:

• Streamlined Efficiency: The Discovery Platform offers advanced tools that streamline the scouting process. It replaces hours of your conventional desk research, saving time and resources in identifying Smart Meter innovations.
• Access to Real-time Insights: Gain a competitive edge with up-to-date information on the latest trends in the Smart Meter industry. The platform keeps you informed with near real-time updates on emerging Smart Meter companies and news, enabling you to make swift and informed decisions.
• Tailored Exploration: Customize your search to focus on specific niches within the Smart Meter sector, such as App-enabled Energy Meter, IoT-based Metering, or Dynamic Metering. The platform&#;s diverse filtering options allow you to target your scouting efforts precisely, ensuring that you find the most relevant and groundbreaking companies in the field.

Ready to Explore All New Smart Meter Companies?

We&#;ve explored the dynamic landscape of the smart meter industry, examining the latest trends and spotlighting exceptional companies driving innovation. To dive deeper, download our free Utility Report or schedule a demo of the Discovery Platform for a customized exploration of these groundbreaking developments. We&#;re looking to collaborate with knowledgeable insiders to enhance our analysis of startups and tech trends. Join us!

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