North American smart electric market is predicted to grow at a CAGR of around 9.8% during the forecast period. North America will be the major revenue contributor in the global smart electricity market during the forecast period. Major factors that are responsible for the market growth include favorable government initiatives, upcoming smart grid projects, and strict norms for energy saving in the region. The US leads the smart electricity meter market due to the strong presence of RF technologies, followed by Canada. Radio Frequency (RF) mesh and Zigbee are the two most popular technologies for North American utilities and their smart meter plans. RF mesh technology is deployed either by smart meter makers such as Landis+Gyr, Itron and Elster or are added by technology providers including Trilliant and Silver Spring Networks. Sensus, a xylum brand based in the US provide smart meters, build on tower-based smart meter communication. The company also has about seven million meters under contract and has more than one million endpoints installed for Southern Co.
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The market study of the North American Smart Electric Meter market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
North American Smart electric meter Market by Communication Technology
- Power Line Communication
- Cellular
- Radio Frequency
North American Smart electric meter Market by Phase
- Single Phase
- Three Phase
North American Smart electric meter Market by Application
- Residential
- Commercial
- Industrial
Regional Analysis
- United States
- Canada
Company Profiles
- Aclara Technologies LLC
- Echelon Corp.
- Elster Group
- Itron Inc.
- Landis+Gyr AG
- Schneider Electric SE
- Sensus
- Siemens AG
- Silver Spring Networks Inc.
- Toshiba Corp.
The Report Covers
- Comprehensive research methodology of the North American Smart Electric Meter 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 North American Smart Electric Meter market.
- Insights about market determinants which are stimulating the North American Smart Electric Meter market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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