Canada Smart Metering Market Size, Share, Outlook 2033

Canada Smart Metering Market Size, Share, Trends and Forecast by Product, Technology, End Use and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A32046

Canada Smart Metering Market Overview:

The Canada smart metering market size reached USD 534.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,031.0 Million by 2033, exhibiting a growth rate (CAGR) of 6.80% during 2025-2033. The industry is experiencing steady growth due to supportive government programs, rising demand for energy efficiency, integration of renewable energy, major technology breakthroughs, and broad construction of smart grid infrastructure.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 534.0 Million
Market Forecast in 2033	USD 1,031.0 Million
Market Growth Rate 2025-2033	6.80%

Canada Smart Metering Market Trends:

Government Initiatives

In Canada, both the federal and provincial governments have been working to promote energy efficiency and sustainability, thus accelerating the growth of the smart metering market. These schemes are meant to serve the purpose of energy modernization, with the aim of minimizing energy wastage and promoting renewable energy sources. The federal government has set ambitious targets for the reduction of greenhouse gases, largely embedded in programs such as the Pan-Canadian framework on clean growth and climate change, with smart meters being a vital tool to help utilities and consumers manage energy consumption. Meanwhile, provincial governments are keeping pace with their own regulations to enable the installation of smart meters especially in urban locations where energy demand is highest. These regulations, apart from promoting, often requiring that utilities deploy smart metering solutions, has resulted in the Canada smart metering market growth.

Canada Smart Metering Market Size

Demand for Energy Efficiency

In Canada, smart metering solutions are witnessing great demand, as there is increasing awareness regarding energy conservation and the need to use energy efficiently. With rising energy prices, residential and commercial customers alike are looking for ways to optimize energy consumption to reduce their utility bills. Smart meters give consumers real-time data on their energy use, allowing them to determine when and how they want to use electricity. This granular data gives scope for even better energy management, since consumers can know peak usage times and modify their behavior. Utilities also benefit, serving the interests of customers by analyzing those very consumption patterns and then aligning energy production and distribution with them. A growing consumer interest in smart-home technologies that work well with smart meters to build a completely interconnected, energy-efficient home environment provides further impetus to the Canada smart metering market outlook.

Integration of Renewable Energy

Smart metering technology is becoming an increasingly important part of energy management systems as Canada continues to expand its efforts to harness renewable sources like solar and wind. Renewable sources are variable by nature, so energy production may experience fluctuations due to weather and time of the day. Smart meters will provide the real-time data required to offset these fluctuations, with the ultimate goal of matching energy supply to demand without overloading the grid. Utilities use smart meters to collect fine-grained data on energy consumption so as to integrate renewable energy better into their grids. In addition, the Canada smart metering market share provides the pathway for a two-way communication system between the utility and consumer, facilitating the management of distributed resources like residential solar panels.

Canada Smart Metering Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on product, technology, and end use.

Product Insights:

Smart Electricity Meter
Smart Water Meter
Smart Gas Meter

The report has provided a detailed breakup and analysis of the market based on the product. This includes smart electricity meter, smart water meter, and smart gas meter.

Technology Insights:

AMI (Advanced Metering Infrastructure)
AMR (Automatic Meter Reading)

The report has provided a detailed breakup and analysis of the market based on the technology. This includes AMI (Advanced Metering Infrastructure) and AMR (Automatic Meter Reading).

End Use Insights:

Residential
Commercial
Industrial

A detailed breakup and analysis of the market based on the end use has also been provided in the report. This includes residential, commercial, and industrial.

Regional Insights:

Ontario
Quebec
Alberta
British Columbia
Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Canada Smart Metering Market News:

In August 2024, Canada’s Minister of Energy and Natural Resources announced a federal investment of more than $175 million in 12 clean energy projects in Alberta. Under one of these investments, ATCO will modernize capital assets, improve network and build advanced metering infrastructure in rural and urban communities.
In October 2023, Advanced Metering Infrastructure (AMI) and private network provider Ubiik partnered with Electricity Canada to deliver private LTE networks for utilities in the 900MHz, 1.4GHz, and 1.8GHz bands.

Canada Smart Metering Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Product Technology End Use Region
Products Covered	Smart Electricity Meter, Smart Water Meter, Smart Gas Meter
Technologies Covered	AMI (Advanced Metering Infrastructure), AMR (Automatic Meter Reading)
End Uses Covered	Residential, Commercial, Industrial
Regions Covered	Ontario, Quebec, Alberta, British Columbia, Others
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Canada smart metering market performed so far and how will it perform in the coming years?
What is the breakup of the Canada smart metering market on the basis of product?
What is the breakup of the Canada smart metering market on the basis of technology?
What is the breakup of the Canada smart metering market on the basis of end use?
What is the breakup of the Canada smart metering market on the basis of region?
What are the various stages in the value chain of the Canada smart metering market?
What are the key driving factors and challenges in the Canada smart metering?
What is the structure of the Canada smart metering market and who are the key players?
What is the degree of competition in the Canada smart metering market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Canada smart metering market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the Canada smart metering market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Canada smart metering industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Purchase Options Discount
Offer

Inquire Before Buying

Speak to an Analyst

Request Brochure

Request Customization

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.