What Smart Meter does

PT. Smart Meter Indonesia is an Indonesia-based electronic metering manufacturer founded in 2005 and headquartered in an industrial zone in Sepatan, Tangerang (Banten). The company designs and produces electronic kilowatt-hour (kWh) meters, and since 2019 has expanded its portfolio to include gas meters (postpaid SMI A-G1.6 model), multi-jet water meters (SMI-W81), rotary plastic seals, and prepaid electricity token services. All products are manufactured locally in Indonesia and are compliant with Indonesian national utility standards (SPLN D3.009-1:2020, SPLN D3.009-1:2010, SPLN D3.005-1:2008). The company holds ISO 9001:2015 Quality Management System certification and has implemented Industry 4.0 technologies across its manufacturing and management systems.

The company's commercial model is enterprise hardware sales to utility customers, with PT. PLN (Persero) — Indonesia's state-owned electricity monopoly — as its primary customer and strategic partner since inception. The company serves as a primary kWh meter supplier for PLN's nationwide distribution infrastructure, with over 23 million units cumulatively installed across Indonesia. Pricing is quote-based under multi-year enterprise contracts, and revenue is generated principally through one-time hardware sales supplemented by maintenance/repair services and electricity token services. Go-to-market is sales-led enterprise field sales targeting government utilities, with no disclosed retail, e-commerce, or international distribution channels.

The company positions itself as a pioneer and market leader in the Indonesian electronic kWh meter industry, with brand recognition supported by government and customer awards including the PLN Corp U Perform Award (2018) and Ministry of Research Technology recognition (2010). Revenue is not publicly disclosed, no parent company, institutional investors, or private equity backing is evidenced, and the firm is privately held. The customer base is concentrated in Indonesian government utilities, with PLN as the dominant buyer and gas/water utility segments at an earlier stage of development.

Name

Smart Meter

Legal name

PT. SMART METER INDONESIA

Website

https://smartmeterindo.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PT. Smart Meter Indonesia is an Indonesian electronic meter manufacturer founded in 2005, producing locally-made kWh, gas, and water meters compliant with SPLN standards. The company primarily serves PT. PLN (Persero), Indonesia's state electricity utility, with over 23 million units installed nationwide.

Ownership category

akta.pro rank

Product category

Smart Energy Meters (Electronic Utility Meters)

NAICS

Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Totalizing Fluid Meter and Counting Device Manufacturing (334514)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Totalizing Fluid Meters & Counting Devices (3824)

akta.pro primary industry

AMI Smart Meters (Electric) & Meter Hardware (EUADAFAA)

akta.pro secondary industry

Metering Hardware & Field Services (AMI/AMR meters, endpoints, installation, maintenance) (EUANAIAA)

Keywords

• Electronic kWh meters
• Smart energy meters
• Electricity metering equipment
• Prepaid electricity tokens
• Gas and water meters

Headquarters

HQ city

Tangerang

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Smart Energy Meters (kWh Meters): Sale of electronic kilowatt-hour meters to utility companies and government entities. Products are installed across Indonesia with over 23 million units deployed. Revenue is generated through one-time hardware sales with potential maintenance services.
2. Gas Meters: Production and sale of gas meters (postpaid models) developed and manufactured in Indonesia since 2019 collaboration.
3. Water Meters: Multi-jet water meter products for residential and commercial applications, part of product expansion since 2019.
4. Electricity Token Services: Provision of electricity token (prepaid electricity credit) services for private kWh meters, serving PLN customers.
5. Product Maintenance and Repair: Value-added services including product repair and maintenance as part of customer service offerings.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

PT. Smart Meter Indonesia manufactures and sells electronic kWh smart energy meters, gas meters, and water meters for Indonesian utility companies, primarily PT. PLN (the state electricity company). The company also provides prepaid electricity token services and meter accessories including tamper-evident rotary seals, with over 23 million units deployed across Indonesia.

Product overview

PT. Smart Meter Indonesia is an Indonesia-based company and market leader in the electronic kWh meter industry since 2005. The company's product portfolio centers on smart energy meters, including the SMI-810 V3, SMI-810 V2, SMI-200S, SMI-800, and SMI-100 kWh meters, which are manufactured locally and compliant with Indonesian SPLN standards. Since 2019, the company has expanded into gas meters (Meter Gas Postpaid SMI A-G1.6), water meters (Meter Air Multijet SMI-W81), and accessories such as Segel Putar (rotary plastic seals). The company also provides Token Listrik kWh Meter Swasta services. Smart Meter Indonesia has installed over 23 million units across Indonesia and serves as a trusted partner of PT. PLN (Persero) since 2005.

Differentiator

Problem solved

Functional benefit

Products and services

• SMI-810 V3

Quantifiable outcome

• 23+ million smart meters deployed across Indonesia

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

One partnership is on record.

• PT. PLN (Persero)coreStrategic or Co-development Partner · 1 January 2005PT. SMART METER INDONESIA has been a trusted partner of PT. PLN (Indonesia's state electricity company) since 2005. The company supplies electronic kWh meters for electricity measurement across Indonesia, with over 23 million units installed. This is a long-term strategic partnership where SMART METER INDONESIA serves as the primary meter supplier for PLN's nationwide electricity distribution infrastructure.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kamstrup: Danish manufacturer of smart electricity, heat, water and gas meters with strong European and emerging-market presence. Comparable to Smart Meter Indonesia as a multi-utility metering hardware supplier targeting utility customers.
• EDMI (Osaki Electric): Asia-Pacific focused smart meter manufacturer owned by Japan's Osaki Electric, supplying electricity, gas and water meters to utilities across Southeast Asia, Australia and the Middle East. A close direct competitor to Smart Meter Indonesia in the regional AMI market.
• Holley Technology: Major Chinese smart meter manufacturer with strong export footprint across Asia, Africa and Latin America producing electricity, water and gas meters. Directly comparable to Smart Meter Indonesia in emerging-market AMI procurement.
• Hexing Electrical: Chinese supplier of electronic energy meters and AMI solutions exporting widely to Southeast Asia, Africa and Latin America. A direct peer to Smart Meter Indonesia competing for utility tenders in emerging markets.
• Landis+Gyr: World's largest dedicated smart metering and grid intelligence company, producing electronic electricity meters and AMI platforms for utilities worldwide. Directly comparable to Smart Meter Indonesia's kWh meter business serving PLN and other utilities.
• Itron Inc. Global leader in electricity, gas and water smart metering and AMI solutions, directly comparable to Smart Meter Indonesia as a supplier of electronic kWh meters to utilities. Both compete for utility AMI rollouts, though Itron operates globally and at much larger scale.
• Wasion Holdings: Chinese smart metering and energy management solutions provider producing electronic electricity meters, AMI systems and distribution-terminal equipment. Comparable to Smart Meter Indonesia in the Asian utility metering market.
• Iskraemeco: Slovenian smart meter and energy management solutions manufacturer serving utilities across Europe, the Middle East and Asia. Directly comparable as an electronic kWh meter and AMI supplier to utility customers.

Broad incumbents

• Honeywell (Smart Energy / Elster): Honeywell's Smart Energy business (formerly Elster) provides electronic meters and AMI solutions to utilities globally as part of a much broader industrial and building-technology portfolio. Comparable to Smart Meter Indonesia in electricity metering but operates at far greater scale and breadth.
• Schneider Electric: Global energy management and automation major offering smart metering, grid solutions and energy management software alongside its broader portfolio. Comparable as an electricity metering and AMI supplier but with far larger scale and a wider product mix than Smart Meter Indonesia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/smart-meter-indonesia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Smart Meter