| Product Code: ETC369330 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Smart Electric Meter Market is poised for steady growth rate improvements from 2025 to 2029. From 8.20% in 2025, the growth rate steadily ascends to 10.42% in 2029.

In the Asia region, the Smart Electric Meter market in Vietnam is projected to expand at a growing growth rate of 9.44% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

The Vietnam smart electric meter market is evolving as the country modernizes its electrical infrastructure. Smart meters offer benefits such as real-time energy consumption monitoring, improved billing accuracy, and enhanced grid management. The Vietnamese government`s focus on energy efficiency and sustainability is propelling the adoption of smart electric meters across residential and commercial sectors.
The Vietnam Smart Electric Meter market is growing rapidly due to the need for efficient energy management and billing accuracy. Smart meters enable real-time monitoring of electricity consumption, reducing energy wastage and operational costs. Utilities and consumers alike benefit from the insights provided by smart meters. Government initiatives to modernize the energy infrastructure and encourage renewable energy integration are driving the adoption of smart electric meters across the country.
The smart electric meter market faces challenges related to infrastructure readiness. The deployment of smart meters requires a robust and secure communication network. Ensuring data privacy and cybersecurity is essential in the implementation of smart metering systems. Additionally, resistance to change from traditional metering systems can hinder widespread adoption.
The Vietnam smart electric meter market saw a gradual transformation during the COVID-19 pandemic. As people spent more time at home due to lockdowns and remote work arrangements, there was an increased focus on energy consumption and efficiency. This drove interest in smart electric meters, which allow consumers to monitor and manage their electricity usage. Utilities also recognized the benefits of remote meter reading and grid management, which accelerated the deployment of smart meters. The pandemic acted as a catalyst for the adoption of smart grid technologies in Vietnam.
Major players in Vietnam smart electric meter market comprise multinational corporations like Siemens AG, Schneider Electric, and Itron Inc. They offer smart metering solutions that help utilities and consumers monitor and manage energy consumption more efficiently.