The US smart electric meter market is expected to grow at a CAGR of around 9.6% during the forecasted period. The major factors augmenting the market are government initiatives and deployment of smart power grids in the region. The US market for smart electricity meters grow due to demand from a broad range of commercial and personal home users. According to the Edison Foundation, the US had installed 65 million smart meters in 2015, and the number of installations rised to 70 million in 2016, making up to more than half of all households in the country. The largest driver of the growth of smart electricity meter infrastructure has been The American Recovery and Reinvestment Act of 2009 (ARRA), which includes funding for the Smart Grid Investment Grant (SGIG) program. More than 50% of the $8 billion in the SGIG was designated for advanced metering infrastructure. The country’s five large smart meter manufacturers namely, Elster, Landis+Gyr, SensusGE Energy and Itron, received at least $30 million each in ARRA funds or matching funds. The funding encouraged utilities and municipalities to start implementing smart metering infrastructure in their communities.
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With the help of apparent insights depicted here into a wide range of product and service releases by key competitors in the market, novice players are able to position themselves in the vast market. It is an indispensable need to get detailed idea to track future business growth and this US Smart Electric Meter Market research report is the best medium to get that vision. It also aims at providing market environment along with covering complete market information. US Smart Electric Meter Market research report also enables business owners to have firm grasp over what consumers exactly expect, their future demands, wants and preferences by offering detailed customer related data. It further discusses about key market players and ongoing latest trends.
This informative yet easy to understand US Smart Electric Meter Market study report covers wide-ranging product launch wise latest trends, regulatory shifts and other important factors, which are expected to affect the overall industry growth for the approaching time span 2022-2028. It aims at providing detailed knowledge about what customers exactly want from which key players can make sound decision making for the growth of business. It also aims at measuring marketing effectiveness. SWOT Analysis technique is also employed to form the market research report to cover helpful opportunities, possible challenges and threats. Impact of new corona virus on the global economy is also shared in this US Smart Electric Meter Market report. Collaborations, mergers and acquisitions like strategies are also covered in this market study report.
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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
Market Segmentation
The US Smart electric meter Market by Communication Technology
- Power Line Communication
- Cellular
- Radio Frequency
The US Smart electric meter Market by Phase
- Single Phase
- Three Phase
The US Smart electric meter Market by Application
- Residential
- Commercial
- Industrial
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 US 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 US Smart Electric Meter market.
- Insights about market determinants which are stimulating the US 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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