US smart meters market is estimated to grow at a CAGR of 5.5% during the forecast period. The market is backed by significant installations of smart meters in the country. In 2018, the US utilities witnessed nearly 86.8 million advanced metering infrastructure (AMI) installations. Out of this, 88% of the installations were in the residential sector. In 2017, there were 1,308,715 miles of distribution mains, and 927,012 miles of service lines in operation in the US. Moreover, supportive government initiatives towards the installation of smart meters in the US further provide opportunities to the market. The government in the country is taking various steps to install smart meters in every household and industry to curb the utility theft which is done by meter tampering.
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The companies which are contributing to the growth of the US smart meters market include Aclara Technologies LLC, Eaton Corp., Honeywell International, Inc., Landis+Gyr AG, Schneider Electric SE, Itron Inc., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
US Smart Meters Market – Segmentation
By Product Type
- Smart Gas Meters
- Smart Electric Meters
- Smart Water Maters
By Technology
- Advanced Metering Infrastructure (AMI)
- Automated Meter Reading (AMR)
By Application
- Residential
- Commercial
- Industrial
The Report Covers
- Comprehensive research methodology of the US smart meters market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US smart meters market.
- Insights about market determinants that are stimulating the US smart meters market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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