Market research

Electricity meters market in Finland

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Finnish electricity meter market expanded from USD 29 million in 2018 to USD 38 million in 2020, initiated by a government decree that required electricity meters to have a home automation interface by the end of 2031. This regulation prompted grid companies to start replacing meters, boosting demand for new devices.

Market volume stabilized at around USD 37 million in 2021 before rising to USD 45 million in 2022, maintaining the underlying replacement trend. By 2023, a large-scale meter replacement program gained momentum as existing meters reached the end of their service life and could not meet future grid needs, pushing the market to USD 52 million.

In 2024, the rollout of smart meters with real-time consumption data and load-management capabilities accelerated across Finland, supported by collaboration among energy companies. These advanced meters, part of a broader energy market reform, helped drive market volume to USD 73 million.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Finland
  1. 5.1.1. In kind, 2018-2024, K unit
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K unit
    1. 6.1.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K unit
    2. 6.1.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K unit
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/unit
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/unit
    2. 6.1.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/unit
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K unit
    1. 6.2.2.1. Annual dynamics of product's imports to Finland in kind, 2018-2024, K unit
    2. 6.2.2.2. Dynamics of product's imports in kind to Finland by countries, 2018-2024, K unit
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Finland in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Finland by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/unit
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Finland, 2018-2024, $ US/unit
    2. 6.2.4.2. Dynamics of average price of product's imports to Finland by countries, 2018-2024, $ US/unit
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K unit
    1. 7.1.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, K unit
    2. 7.1.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, K unit
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/unit
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/unit
    2. 7.1.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/unit
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K unit
    1. 7.2.2.1. Annual dynamics of product's exports from Finland in kind, 2018-2024, K unit
    2. 7.2.2.2. Dynamics of product's exports in kind from Finland by countries, 2018-2024, K unit
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Finland in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Finland by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/unit
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Finland, 2018-2024, $ US/unit
    2. 7.2.4.2. Dynamics of average price of product's exports from Finland by countries, 2018-2024, $ US/unit
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K unit
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K unit
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production electricity meters in Finland

In value, 2017-2020, K $ US

Finland's electricity meter production has grown for the third consecutive year. In 2020, the output value reached 34 611 thousand US dollars, marking a 33.3% increase compared to 2019. Over the period from 2017 to 2020, production rose by 46.9%, with an average annual growth rate of 13.7%.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.9%	0.2%	33.3%	13.7%

Source: SHEV.io

In kind, 2017-2020, K unit

Electricity meter production in Finland has increased for the third year in a row. In 2020, Finland produced 234.6 thousand units, up by 30.7% from 2019. From 2017 to 2020, production grew by 44.8%, with an average annual growth rate of 13.1%.

Annual dynamics of production in Finland in kind, 2017-2020, K unit

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.0%	3.6%	30.7%	13.1%

Source: SHEV.io

Exports electricity meters from Finland

Exports in kind, K unit

The market exhibited volatility during these years. Exports reached their lowest point in 2019 at 3.3 thousand units, with a 96.7% decline, before peaking in 2017, showing a 141-fold difference between these years. In 2020, foreign supplies of electricity meters from Finland amounted to 154.6 thousand units, a sharp increase of 4,626.7% compared to the previous year.

Annual dynamics of product's exports from Finland in kind, 2017-2020, K unit

Parameter		2018	2019	2020	CAGR
1	Change from last year	(78.5%)	(96.7%)	4 626.7%	(30.6%)

Source: SHEV.io

From 2017 to 2020, Norway remained the primary destination for electricity meters from Finland, accounting for 70.6% of total exports in kind, while other destinations played a much smaller role.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Finland in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Finland exported 16 668 thousand US dollars worth of electricity meters in 2020, a 46.4% increase from the previous year. The minimum value was recorded in 2019 at 11 383 thousand US dollars, with a 19.4% decline. Over the period from 2017 to 2020, exports grew by 33.8%, translating to an average annual rate of 10.2%.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.4%	(19.4%)	46.4%	10.2%

Source: SHEV.io

Between 2017 and 2020, the export structure in value terms was highly concentrated, with Norway and Sweden together accounting for 83.2% of total flows, while other partners made up the remainder.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Finland in value, 2017-2020

Source: SHEV.io

Imports electricity meters to Finland

Imports in kind, K unit

The market showed signs of volatility over the observed period. Imports hit their lowest point in 2019 at 9.5 thousand units, with a 96.8% decline, before peaking in 2020, resulting in a 38-fold amplitude. In 2020, the volume of electricity meters imported by Finland reached 355.4 thousand units, representing a 3,659.3% rise compared to the previous year.

Annual dynamics of product's imports to Finland in kind, 2017-2020, K unit

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.3%	(96.8%)	3 659.3%	13.2%

Source: SHEV.io

From 2017 to 2020, China was the key supplier of electricity meters to Finland, taking 70.7% of total imports in kind, with a diverse group of other countries accounting for the rest.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Finland in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Finland imported a total of electricity meters valued at the previous year's amount in 2020, which is 18.3% higher than the previous year. The largest decline was recorded in 2019 at 2.4%, while the largest increase occurred in 2018 at 27.2%. Between 2017 and 2020, imports increased by 46.8%, equating to an average annual rate of 13.7%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	27.2%	(2.4%)	18.3%	13.7%

Source: SHEV.io

In the period from 2017 to 2020, the import structure in value terms was strongly concentrated, with China and Greece together accounting for 85.4% of total flows, while other partners formed a residual portion.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Finland in value, 2017-2020

Source: SHEV.io