North American smart meters market is estimated to grow at a CAGR of 5.6% during the forecast period. The market is driven by the rising trend towards smart metering solutions in the region due to their cost-effectiveness, reduction of theft and maintaining utility revenues, and others. Moreover, several smart city initiatives taken by the government in the region and implementation of various smart metering solutions for effective management of gas distributions by various regulatory bodies provide a significant opportunity to the smart meters market in the region.
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The North American market for smart meters is segregated on the basis of product type, technology, and application. Based on the product type, the market is classified into smart gas meters, smart electric meters, and smart water meters. The smart electric meter segment is projected to have a considerable share in the North American market. Based on the technology, the market is further segmented into Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR). The AMI Segment held a significant share in the market. On the basis of application, the market is segmented into residential, commercial, and industrial. Based on geography, the market covers the analysis of the US and Canada. The US dominated the market and will continue this trend over the forecast period.
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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
North American 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
North American Smart Meters Market – Segmentation by Region
- United States
- Canada
The Report Covers
- Comprehensive research methodology of the North American 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 North American smart meters market.
- Insights about market determinants that are stimulating the North American 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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