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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Canada smart electricity meter market is more advanced as compared to other nations. Several provinces such as Ontario, Quebec, and Columbia have already implemented a smart meter. For instance, the Ontario Smart Metering initiative has been identified as one of the most successful deployments in Canada, with almost 4.5 million installed Smart meters. Initially, smart meter performance testing was used, however, the country’s utility decided to use radio mesh technology for most customers. The utility also deployed a ZigBee HAN within the Smart meters to obtain consumption data to market daily. Along with the growing initiatives of Smart meters, the government introduced mandatory time-of-use pricing, making Ontario the largest electricity market with mandatory time-of-use rates and pilot programs at the start of implementation.
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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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