The global heat meter market is expected to grow at a CAGR of 6.51% from 2026 to 2035, driven by rising adoption of smart metering technologies, district heating infrastructure expansion, and government energy efficiency regulations. Wireless connectivity dominates with 61% market share, while North America leads with 40% revenue share. Asia Pacific is projected to experience the fastest growth at 7.92% CAGR.

Itron announced an extended collaboration with Ausgrid, Australia's largest electricity distributor, to deploy its IntelliFLEX Low Voltage Distributed Energy Resource Management System. The solution will help manage the rapid growth of rooftop solar installations and meet grid stability requirements under NSW's Emergency Backstop Mechanism, enabling real-time monitoring and control of consumer energy resources.

The article presents four market predictions for 2026: (1) Gemini's market share surge may challenge OpenAI's AI dominance, potentially disrupting the sector; (2) a stock market correction of 10%+ is likely in the second half of 2026, following historical patterns; (3) an electricity power bottleneck for AI infrastructure creates opportunities for companies that optimize grid efficiency; (4) despite near-term volatility, the long-term market outlook remains positive with strong fundamentals supporting growth.

The global smart utilities market is projected to grow from $46.64 billion in 2024 to $157.46 billion by 2034, driven by grid automation, IoT, and digital technologies. North America leads the market, with Asia Pacific and Middle East showing fastest growth potential.

Itron has partnered with Connected Lighting Solutions (CLS) to deploy smart lighting technologies across Australia, enabling more efficient urban infrastructure and supporting utilities and councils in improving public services and reducing emissions.

Itron Inc. announced plans to acquire Locusview, a privately held utility-focused software company, for $525 million in cash. The acquisition aims to expand Itron's Resiliency Solutions and digital construction management capabilities.

Itron is supporting Project Jupiter in Western Australia to accelerate the integration of distributed energy resources (DERs) using its Low Voltage Distributed Energy Resource Management System, enabling households and businesses to participate in virtual power plants.

Itron announced plans to acquire Urbint, a privately held software company, for $325 million in cash. The acquisition aims to enhance Itron's operational resilience solutions for utilities and infrastructure management.

Global smart meter market analysis reveals top players like Landis+Gyr, Itron, and Sagemcom leading through technological innovations and strategic partnerships, driven by rising electric vehicle adoption and renewable energy initiatives.

Itron, Inc. has signed a contract with TasWater, the water and sewage utility in Tasmania, Australia, to deploy its Temetra cloud-based platform for streamlining meter data collection and management. The solution will help TasWater improve operations, customer satisfaction, and employee safety.

The global smart meters market is projected to grow at a CAGR of 8% from 2024 to 2031, driven by government mandates for energy efficiency, rising demand for accurate utility billing, and integration of IoT technologies. However, high initial deployment costs, data privacy concerns, and slow adoption in developing regions pose challenges.

The global flow meter devices market is set to experience exceptional growth, projected to reach USD 22.8 billion by 2033, driven by technological advancements and increasing industrial automation. Key factors include accurate flow measurement, operational efficiency, regulatory compliance, and process optimization.