North America Electronic Smart Meter Market was valued at USD 2.56 Billion in 2022 and is projected to reach USD 4.05 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The North American electronic smart meter market is experiencing significant growth, driven by the increasing demand for efficient energy management and the integration of renewable energy sources. Smart meters, which provide real-time data on electricity, gas, and water usage, are becoming essential tools for utilities and consumers alike.
In 2021, approximately 74% of all electricity meters in North America were smart meters, with projections indicating that this figure will rise to 93% in the United States and 94% in Canada by 2027. citeturn0search1
The adoption of Advanced Metering Infrastructure (AMI) is a key trend in the region. AMI systems enable two-way communication between utilities and consumers, facilitating real-time monitoring, demand response programs, and enhanced grid management. This technology supports the integration of renewable energy sources, such as solar and wind, into the grid, ensuring efficient distribution and consumption. citeturn0search0
The market is segmented by type into electric, gas, and water meters. Electric smart meters dominate the market due to their widespread adoption across residential, commercial, and industrial sectors. These meters are crucial for energy management, providing utilities with real-time data for load balancing, energy theft detection, and grid optimization. Gas and water smart meters are also gaining traction, offering accurate billing, real-time monitoring, and leak detection, thereby enhancing safety and efficiency. citeturn0search0
By technology, the market is divided into AMI and Automated Meter Reading (AMR). AMI technology is at the forefront, enabling two-way communication and supporting advanced functionalities such as demand response and outage detection. AMR systems, while less advanced, remain relevant in certain applications due to their cost-effectiveness and are particularly popular in rural and semi-urban areas. citeturn0search0
The market is categorized into residential, commercial, and industrial end-users. Residential end-users account for the largest share, driven by the increasing adoption of smart home technologies and growing awareness about energy conservation. Commercial and industrial end-users rely on smart meters for precise energy management, cost optimization, and compliance with sustainability regulations. citeturn0search0
In terms of communication technologies, the market includes Power Line Communication (PLC), cellular technology, Radio Frequency (RF), and others. PLC leverages existing power lines to transmit data, offering a cost-effective and reliable solution for utilities. Cellular technology excels in providing high-speed, long-distance data transmission, making it ideal for remote and rural regions. RF communication offers a wireless alternative, emphasizing flexibility and ease of installation, particularly in suburban settings. citeturn0search0
The North American electronic smart meter market is poised for continued growth, driven by technological advancements, supportive government policies, and the increasing need for efficient energy management solutions. As utilities and consumers embrace smart metering technologies, the region is set to achieve enhanced energy efficiency, sustainability, and grid resilience. citeturn0search0
North America Electronic Smart Meter Market
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Landis+Gyr
Itron
GE Digital Energy
Siemens
Kamstrup
Xylem Inc
Elster Group
Sunrise
Aclara
Wasion Group
Sagemcom
Trilliant
Iskraemeco
OSAKI
Chintim Instruments
ZIV
Sanxing
Clou Electronics
HND Electronics
Longi
Hengye Electronics
Holey Metering
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Electronic Smart Meter Market
Residential Application
Commercial Application
Industrial Application
Based on Types the Market is categorized into Below types that held the largest Electronic Smart Meter market share In 2023.
Single-phase Smart Meter
Three-phase Smart Meter
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Electronic Smart Meter Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Electronic Smart Meter Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Electronic Smart Meter Market, By Type
6. North America Electronic Smart Meter Market, By Application
7. North America Electronic Smart Meter Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Electronic Smart Meter Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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