Connect with us

Technology

Smart Meter Market worth $50.82 billion by 2031 | MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., July 31, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Smart Meter Market size is projected to grow from USD 31.60 billion in 2026 to USD 50.82 billion by 2031 at a compound annual growth rate (CAGR) of 10.0% during the forecast period.

Browse 501 market data Tables and 70 Figures spread through 365 Pages and in-depth TOC on “Smart Meter Market – Global Forecast to 2031.”

Market growth is driven by increasing investments in grid modernization, the expansion of advanced metering infrastructure (AMI), and the rising adoption of digital utility technologies. Smart meters enable utilities to monitor electricity, gas, and water utilization data in real time, improving billing accuracy, operational efficiency, outage detection, demand, and asset management. Growing government initiatives to modernize aging utility infrastructure, integrate renewable energy sources, and achieve energy efficiency and carbon reduction targets are further accelerating deployment.

Smart Meter Market Size & Forecast:

Market Size Available for Years: 2022–20312025 Market Size: USD 28.83 billion2031 Projected Market Size: USD 50.82 billionCAGR (2026–2031): 10.0%

Smart Meter Market Trends & Insights:

Asia Pacific accounted for the largest market share of 62.1% in 2025.By type, the electric segment held the largest market share in 2025.By component, the software segment is projected to grow at a higher rate than the hardware segment from 2026 to 2031.By technology, the AMI segment is projected to exhibit a higher CAGR than the AMR segment from 2026 to 2031.By end user, the residential segment is projected to grow at the highest rate from 2026 to 2031.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=366

By type, electric segment to hold largest market share during forecast period

The electric segment is expected to hold the largest share of the Smart Meter Market, by type, during the forecast period. This is because electricity metering is most commonly adopted by utility companies and has the highest implementation rate. The growth of this segment can be attributed to several factors, including the widespread modernization of power grids, smart city initiatives, and utility processes designed to reduce human errors in data recording. These improvements enhance the accuracy of billable amounts and enable remote monitoring and effective demand management. Additionally, the ongoing transition from traditional meters to prepaid smart meters, supported by government initiatives, has significantly contributed to the rapid expansion of this segment in key markets.

By communication technology, RF segment to register second-highest CAGR during forecast period

Radiofrequency (RF)-enabled smart meters generally operate in two modes: mesh and point-to-point. In mesh networks, meters connect to local collectors through a LAN, which then relay data to utility control centers via WAN links. This arrangement offers strong bandwidth and low latency, but performance can be limited in remote or rugged rural areas. In point-to-point systems, each meter connects directly to the collector through a primary tower, creating a simpler and more direct communication path.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=366

Asia Pacific to be largest region in Smart Meter Market

Asia Pacific is expected to be the largest regional market for smart meters, supported by rapid urbanization, rising electricity demand, and large-scale government-led smart grid programs. The region has a huge base of residential and industrial consumers, which is accelerating the deployment of smart meters for accurate billing, demand management, and loss reduction. Countries such as China, India, and Japan are investing heavily in grid modernization, digital utility infrastructure, and advanced metering systems to improve distribution efficiency and service reliability. In addition, supportive policies, utility reforms, and growing focus on energy conservation are strengthening smart meter adoption across the region.

Top Companies in Smart Meter Industry:

The Smart Meter Industry include Landis+Gyr (Switzerland), Itron Inc. (US), Sagemcom (France), OSAKI Electric Co., Ltd. (EDMI) (Singapore), Siemens (Germany), and Sensus (Xylem) (US). The major strategies adopted by these players include acquisitions, sales contracts, product launches, agreements, alliances, partnerships, and expansions.

For more information, Inquire Now!

Related Reports:

Smart Gas Meter Market

Smart Water Meters Market

Get access to the latest updates on Smart Meter Companies and Smart Meter Industry

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/smart-meter-market-worth-50-82-billion-by-2031–marketsandmarkets-302839804.html

SOURCE MarketsandMarkets

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

LIGHTSPEED ANNOUNCES VOTING RESULTS FROM ITS ANNUAL AND SPECIAL SHAREHOLDERS’ MEETING

Published

on

By

MONTREAL, July 31, 2026 /CNW/ — Lightspeed Commerce Inc. (“Lightspeed” or the “Company”) (TSX: LSPD) (NYSE: LSPD), the unified omnichannel platform powering ambitious retail, golf and hospitality businesses in over 100 countries, today announced the voting results for the items of business put forth by the Company at its annual and special shareholders meeting held on July 30th, 2026 (the “Meeting”).

Shareholders of the Company voted in favor of all items of business put forth at the Meeting by the Company. The voting results for each item of business at the Meeting are presented below.

1. Election of Directors

The seven (7) candidates proposed as directors were duly elected directors of the Company by a majority of the votes cast by the shareholders present or represented by proxy at the Meeting, as follows:

Name of Nominee

Votes For

%

Votes Against

%

Manon Brouillette

87,910,709

98.78 %

1,089,920

1.22 %

Dale Murray

87,206,302

97.98 %

1,794,327

2.02 %

Dax Dasilva

88,814,203

99.79 %

186,427

0.21 %

Nathalie Gaveau

88,067,937

98.95 %

932,694

1.05 %

Glen LeBlanc

88,701,374

99.66 %

299,256

0.34 %

Sameer Samat

88,076,056

98.96 %

924,474

1.04 %

Odilon Almeida

87,996,730

98.87 %

1,003,900

1.13 %

2. Appointment of Auditors

A ballot was conducted with respect to the appointment of PricewaterhouseCoopers LLP (“PwC”) as the Company’s auditors. According to the proxies received and ballots cast, PwC was appointed the Company’s auditors with the following results:

Votes For:            91,715,046 (99.54%)
Votes Withheld:   426,212 (0.46%)

3. Advisory Vote on Executive Compensation

A ballot was conducted with respect to approving an advisory, non-binding resolution on the Company’s approach to executive compensation as more fully described in the Company’s management information circular. According to the proxies received and ballots cast, such advisory, non-binding resolution on the Company’s approach to executive compensation was approved with the following results:

Votes For:            87,432,295 (98.16%)
Votes Against:      1,643,263 (1.84%)

4. Ordinary Resolution in respect of the Amended and Restated Omnibus Incentive Plan

A ballot was conducted with respect to approving an ordinary resolution, the full text of which is reproduced on Schedule D to the management information circular for the Meeting, to (1) approve an amendment to the Company’s Amended and Restated Omnibus Incentive Plan (as defined in the management information circular) to extend the term of such plan to the tenth (10th) anniversary of the Meeting and (2) approve all unallocated options, rights and other entitlements thereunder. According to the proxies received and ballots cast, such ordinary resolution in respect of the Amended and Restated Omnibus Incentive Plan was approved with the following results:

Votes For:            62,280,332 (70.04%)
Votes Against:      26,645,364 (29.96%)

Final voting results on all matters voted at the Meeting are available on Lightspeed’s website and on SEDAR+ at www.sedarplus.com and EDGAR at www.sec.gov.

About Lightspeed

Lightspeed is the POS and payments platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail, golf and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations.

With fast, flexible omnichannel technology, Lightspeed brings together point of sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network. Backed by insights, and expert support, Lightspeed helps businesses run more efficiently and focus on what they do best.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD), with teams across North America, Europe, and Asia Pacific.

For more information, see www.lightspeedhq.com.

Follow us on social media: LinkedInFacebookInstagramYouTube, and X.

Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, under “Risk Factors” in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed’s subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lightspeed-announces-voting-results-from-its-annual-and-special-shareholders-meeting-302839525.html

SOURCE Lightspeed Commerce Inc.

Continue Reading

Technology

DFRobot at FAB26 Boston: Empowering Global Developers and Advancing AI Education Through Open-Source Hardware

Published

on

By

SHANGHAI, July 31, 2026 /PRNewswire/ — From July 27 to 31, 2026, the 22nd Fab Lab Global Conference (FAB26 Boston) was held at the MIT campus and Fab Hub Kendall in Cambridge, Massachusetts, USA. Marking the 25th anniversary of the global maker movement, the conference brought together Fab Lab community members from around the world to reflect on the past and explore the future of digital fabrication and innovation. DFRobot participated deeply in the event through a series of workshops, keynote sessions, and hands-on demonstrations, showcasing how programmable hardware platforms and accessible development environments continue to empower creators and developers at different levels.

MIT Media Lab Workshop: Ten Years of Hardware Innovation, Five Years of Making AI Accessible

On July 27, Yang Shaodong, Senior Training Engineer at DFRobot, hosted a hands-on workshop titled “10 Years of Making, 5 Years of AI.” The workshop brought together Fab Lab leaders and makerspace organizers from eight countries, including the Netherlands, the United States, Japan, Peru, Finland, India, Jordan, and Colombia.

During the session, Yang reviewed DFRobot’s decade-long journey in bringing open source hardware into K-12 education in China — from the early days of using Arduino to connect code with the physical world, to today’s AI era, where students can complete image acquisition, model training, and local deployment through the Mind+ 2.0 programming platform and UNIHIKER M10. Using a lunar phase recognition project as an example, the workshop demonstrated a complete AI workflow that required no cloud infrastructure and no advanced programming background. By turning AI into a tangible and verifiable physical system, the session showed that AI development is no longer limited to cloud-based black-box APIs, but can become a programmable, transparent, and embedded tool for real-world applications.

MIT Museum International Youth Maker Challenge

On July 28, DFRobot collaborated with internationally recognized maker educator Rico Kanthatham to host a cross-country youth maker challenge at the MIT Museum. Students from the United States, Malaysia, France, and other countries participated in an engaging micro:bit and DFRobot Maqueen robot innovation competition.

The activity introduced a creative interactive experience: participants used micro devices attached to their legs to collect real-time movement data, transmitted the data through infrared communication, and controlled Maqueen robots to compete. Through immersive human-machine interaction and game-based learning, students from different countries experienced the possibilities of digital fabrication and creative technology.

AI Bidirectional Programming Workshop: UNIHIKER K10 Sparks Creativity at FAB26

On July 29, Rockets Xia, Co-founder of Mushroom Cloud Maker Space, hosted a workshop featuring UNIHIKER K10 under the theme “Code for AI, AI for Code.” The session explored both sides of AI programming — teaching participants how to build AI applications with code while also demonstrating how AI can assist the programming process.

The workshop attracted technology educators and experienced makers from Mexico, the United States, Paraguay, Peru, India, Colombia, and other countries. Using UNIHIKER K10 as the development platform, participants explored practical implementations of computer vision, voice interaction, and other AI applications with UNIHIKER K10’s edge AI capabilities. The projects created during the workshop showcased diverse ideas. One participant developed a smart tree-growing project using a light sensor — when the sensor was covered, the virtual tree stopped growing. Another created an environmental monitoring device that changed the screen expression to a “sad face” when indoor CO₂ levels exceeded a certain threshold.

eduFAB International Education Forum: Bringing Maker Education to Rural Communities Worldwide

Rebecca Jiang, Operations Manager of Mushroom Cloud Maker Space, delivered a keynote speech titled “Bringing Maker Education to Rural Communities Worldwide,” sharing the team’s experience in expanding AI and STEM education to underserved communities.

She highlighted the long-term collaboration with Shanghai Chunhe Youth Development Center, through which AI and maker education programs have been introduced to rural K-12 schools in regions such as Guizhou and Yunnan, China. Since 2023, the initiative has reached more than 100 schools and 10,000 students through project-based learning, accessible tools, and community-driven education models.

Since 2022, Mushroom Cloud has also supported the Chunhe ETS Conference by providing AI and STEM learning resources, helping extend structured technology education to more rural students.

Exhibition Showcase: Cross-disciplinary Projects and Replicable Innovation Frameworks

From July 29 to 31, DFRobot showcased multiple interdisciplinary educational projects during the conference exhibition, including the Maqueen robot, UNIHIKER K10, and HuskyLens 2 AI Vision Sensor solutions. These projects attracted strong interest from educators, makers, and developers.

Featured projects included:

AI-powered Microscopic Cell Recognition Module: This project introduced AI into biology education by combining a microscope module with HuskyLens 2, a self-trained cell recognition model, and UNIHIKER K10 to achieve real-time cell identification. The project demonstrated how AI can work together with real scientific data in classroom and research scenarios.

micro Natural Science Expansion Board: The exhibition also featured a micro expansion board integrating 14 types of natural science-related sensors, attracting attention from educators interested in interdisciplinary STEM learning.

From Maker Communities to a Global Developer Network

At FAB26 Boston, DFRobot highlighted its commitment to empowering creators through open-source hardware and accessible AI. By combining an open hardware ecosystem, locally deployable AI workflows, and easy-to-use development platforms, DFRobot continues to lower the barriers between ideas and real-world innovation. Looking ahead, the company will continue working with the global Fab Lab community and developers to advance open technologies for education, research, and professional applications.

View original content to download multimedia:https://www.prnewswire.com/news-releases/dfrobot-at-fab26-boston-empowering-global-developers-and-advancing-ai-education-through-open-source-hardware-302839910.html

SOURCE DFRobot

Continue Reading

Technology

Armory Defense Launches Offensive Agentic-AI Simulations to Prove Exploitable Risk Before Attackers Strike

Published

on

By

New autonomous AI agents simulate real adversaries to validate and prove exploitable attack paths across the external attack surface – so security teams act on proven risk, not theoretical alerts

TEL AVIV, Israel, July 31, 2026 /PRNewswire/ — Armory Defense, an Israeli offensive security company, today announced the launch of Offensive Agentic-AI Simulations, the core capability of its continuous adversarial exposure validation platform. Autonomous AI agents continuously attack an organization’s external attack surface to identify, validate, and prove which exposures can actually be exploited – before real attackers do.

 

 

The simulations are tailor-made for each organization, accounting for its unique infrastructure, business processes, and threat landscape. Rather than running generic checks, the agents replicate real attacker behavior against organization-specific attack paths and high-value assets, then deliver a safe, controlled proof of impact for every exposure they exploit.

The launch comes as adversaries use AI to discover, chain, and exploit weaknesses at machine speed. Armory Defense has seen a critical VPN vulnerability (CVSS 9.8) that once took weeks to weaponize turned into a working exploit in roughly 40 minutes using an AI-guided workflow – showing why point-in-time assessments can no longer keep pace.

The simulations are organized into Hackbooks – collections of attacks focused on a specific domain, such as login and authentication abuse, API exploitation, database attacks, and validation of known CVEs. Together they give continuous coverage across the external attack surface.

Unlike tools that generate large volumes of theoretical alerts, Armory Defense focuses on validated, exploitable risk. By providing evidence instead of assumptions, it helps teams cut alert fatigue and prioritize remediation. The platform is fully agentless and begins validating immediately without disrupting operations.

“We don’t find risk, we prove it,” said Alon Aharon, Co-Founder and CEO of Armory Defense. “Our autonomous AI agents safely simulate real attacks, reveal the exact paths an attacker could take, and provide evidence of exploitable risk so security teams can focus on what truly needs to be fixed.”

Offensive Agentic-AI Simulations join Armory Defense’s external attack surface management, exposure intelligence, and third-party validation to give organizations a single, continuous view of where they can actually be breached.

About Armory Defense

Armory Defense is an Israeli cybersecurity company founded in 2023 that provides an AI-driven adversarial exposure validation platform for continuous cyber risk validation. Combining agentic-AI simulations, external attack surface management, exposure intelligence, and third-party validation, it helps organizations identify, validate, and prioritize exploitable risks before they become breaches. Armory Defense supports customers globally through operations in Israel and Mexico.

For more information, visit:
https://armorydefense.com
https://www.linkedin.com/company/armorydefense
https://www.linkedin.com/in/aharon-alon

Photo: https://mma.prnewswire.com/media/3008543/Armory_Defense_CEO_Alon_Aharon.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/armory-defense-launches-offensive-agentic-ai-simulations-to-prove-exploitable-risk-before-attackers-strike-302839990.html

SOURCE Armory Defense

Continue Reading

Trending