North America Smart Meters Market 2022-2032 by Component , Technology , Communication Type , Phase , Specification , Application , End Use , and Country: Trend Forecast and Growth Opportunity

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North America Smart Meters Market 2022-2032 by Component , Technology , Communication Type , Phase , Specification , Application , End Use , and Country: Trend Forecast and Growth Opportunity

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North America Smart Meters Market 2022-2032 by Component , Technology , Communication Type , Phase , Specification , Application , End Use , and Country: Trend Forecast and Growth Opportunity report is published on December 31, 2023 and has 124 pages in it. This 91制片厂 report provides information about Manufacturers, Machinery, Industry & Manufacturing industry. It covers North America market data and forecasts. It is priced starting at USD 2,600.00 for Single User License (PDF) which allows one person to use this report.

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North America Smart Meters Market 2022-2032 by Component , Technology , Communication Type , Phase , Specification , Application , End Use , and Country: Trend Forecast and Growth Opportunity

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GRM0223095

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December 31, 2023

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124

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North America

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Description

North America smart meters market is projected to grow by 7.6% annually in the forecast period and reach $7.36 billion by 2032. The growth is driven by the advancements in metering technologies, the rising awareness among people regarding energy conservation, a surging focus of governments on replacing conventional meters with smart meters, increasing upgrades of transmission & distribution infrastructure, and rising investments in smart grid projects.
Highlighted with 26 tables and 58 figures, this 124-page report 鈥淣orth America Smart Meters Market 2022-2032 by Component (Hardware, Software & Service), Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase (Single, Three), Specification (SMETS1, SMETS2), Application (Electricity, Gas, Water), End Use (Residential, Commercial, Industrial), and Country: Trend Forecast and Growth Opportunity鈥� is based on a comprehensive research of the entire North America smart meters market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:
鈥� Market Structure
鈥� Growth Drivers
鈥� Restraints and Challenges
鈥� Emerging Product Trends & Market Opportunities
鈥� Porter鈥檚 Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America smart meters market in every aspect of the classification from perspectives of Component, Technology, Communication Type, Phase, Specification, Application, End Use, and Country.

Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
鈥� Hardware
鈥� Software & Service

Based on Technology, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
鈥� Automatic Meter Reading (AMR)
鈥� Advanced Metering Infrastructure (AMI)

By Communication Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
鈥� Cellular Technology
鈥� Radio Frequency (RF)
鈥� Power Line Communication (PLC)
鈥� Other Communication Types

By Phase, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
鈥� Single-phase Smart Meters
鈥� Three-phase Smart Meters

By Specification, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
鈥� SMETS1 Smart Meters
鈥� SMETS2 Smart Meters

By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2032 included in each section.
鈥� Smart Electricity Meters
鈥� Smart Gas Meters
鈥� Smart Water Meters

By End Use, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
鈥� Residential Use
鈥� Commercial Use

Geographically, the following national/local markets are fully investigated:
鈥� U.S.
鈥� Canada
鈥� Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Technology, Application, and End Use over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AEM
Aichi Tokei Denki Co., Ltd.
Apator SA
Azbil Kimmon Co., Ltd. (Azbil Corporation)
Badger Meter, Inc.
Diehl Stiftung & Co. KG
EDMI
Elster Group GmbH (Honeywell International Inc.)
Hexing Electric Company Ltd.
Holley Technology Ltd.
Iskraemeco
Itron Inc.
Jiangsu Linyang Energy Co., Ltd.
Kamstrup AS
Landis+Gyr Group AG
Neptune Technology Group Inc.
Ningbo Sanxing Electric Co., Ltd.
Pietro Fiorentini SpA
Sagemcom SAS
Schneider Electric SA
Sensus Usa Inc. (Xylem Inc.)
Siemens AG
Wasion Holdings Limited
Yazaki Corporation
Zenner International GmbH & Co. KG
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

Table of Contents

1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter鈥檚 Fiver Forces Analysis 42
3 Segmentation of North America Market by Component 46
3.1 Market Overview by Component 46
3.2 Hardware 48
3.3 Software & Service 49
4 Segmentation of North America Market by Technology 50
4.1 Market Overview by Technology 50
4.2 Automatic Meter Reading (AMR) 52
4.3 Advanced Metering Infrastructure (AMI) 53
5 Segmentation of North America Market by Communication Type 54
5.1 Market Overview by Communication Type 54
5.2 Cellular Technology 56
5.3 Radio Frequency (RF) 57
5.4 Power Line Communication (PLC) 58
5.5 Other Communication Types 59
6 Segmentation of North America Market by Phase 60
6.1 Market Overview by Phase 60
6.2 Single-phase Smart Meters 62
6.3 Three-phase Smart Meters 63
7 Segmentation of North America Market by Specification 64
7.1 Market Overview by Specification 64
7.2 SMETS1 Smart Meters 66
7.3 SMETS2 Smart Meters 67
8 Segmentation of North America Market by Application 68
8.1 Market Overview by Application 68
8.2 Smart Electricity Meters 72
8.3 Smart Gas Meters 74
8.4 Smart Water Meters 76
9 Segmentation of North America Market by End Use 78
9.1 Market Overview by End Use 78
9.2 Residential Use 80
9.3 Commercial Use 81
9.4 Industrial Use 82
10 North America Market 2022-2032 by Country 83
10.1 Overview of North America Market 83
10.2 U.S. 86
10.3 Canada 90
10.4 Mexico 92
11 Competitive Landscape 94
11.1 Overview of Key Vendors 94
11.2 New Product Launch, Partnership, Investment, and M&A 97
11.3 Company Profiles 98
AEM 98
Aichi Tokei Denki Co., Ltd. 100
Apator SA 101
Azbil Kimmon Co., Ltd. (Azbil Corporation) 102
Badger Meter, Inc. 103
Diehl Stiftung & Co. KG 104
EDMI 105
Elster Group GmbH (Honeywell International Inc.) 106
Hexing Electric Company Ltd. 107
Holley Technology Ltd. 108
Iskraemeco 109
Itron Inc. 110
Jiangsu Linyang Energy Co., Ltd. 111
Kamstrup AS 112
Landis+Gyr Group AG 113
Neptune Technology Group Inc. 114
Ningbo Sanxing Electric Co., Ltd. 115
Pietro Fiorentini SpA 116
Sagemcom SAS 117
Schneider Electric SA 118
Sensus Usa Inc. (Xylem Inc.) 119
Siemens AG 120
Wasion Holdings Limited 121
Yazaki Corporation 122
Zenner International GmbH & Co. KG 123
RELATED REPORTS 124

List of Tables:

Table 1. Snapshot of North America Smart Meters Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in North America Smart Meters Market 38
Table 6. North America Smart Meters Market by Component, 2022-2032, $ mn 46
Table 7. North America Smart Meters Market by Technology, 2022-2032, $ mn 50
Table 8. North America Smart Meters Market by Communication Type, 2022-2032, $ mn 54
Table 9. North America Smart Meters Market by Phase, 2022-2032, $ mn 60
Table 10. North America Smart Meters Market by Specification, 2022-2032, $ mn 64
Table 11. North America Smart Meters Market by Application by Value, 2022-2032, $ mn 68
Table 12. North America Smart Meters Market by Application by Volume, 2022-2032, million units 70
Table 13. North America Smart Meters Market by End Use, 2022-2032, $ mn 78
Table 14. North America Smart Meters Market by Country, 2022-2032, $ mn 84
Table 15. U.S. Smart Meters Market by Technology, 2022-2032, $ mn 88
Table 16. U.S. Smart Meters Market by Application, 2022-2032, $ mn 88
Table 17. U.S. Smart Meters Market by End Use, 2022-2032, $ mn 88
Table 18. Canada Smart Meters Market by Technology, 2022-2032, $ mn 91
Table 19. Canada Smart Meters Market by Application, 2022-2032, $ mn 91
Table 20. Canada Smart Meters Market by End Use, 2022-2032, $ mn 91
Table 21. Mexico Smart Meters Market by Technology, 2022-2032, $ mn 93
Table 22. Mexico Smart Meters Market by Application, 2022-2032, $ mn 93
Table 23. Mexico Smart Meters Market by End Use, 2022-2032, $ mn 93
Table 24. AEM: Company Snapshot 98
Table 25. AEM: Business Segmentation 99
Table 26. AEM: Product Portfolio 99

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. North America Smart Meters Market by Value, 2022-2032, $ mn 19
Figure 5. North America Smart Meters Market by Volume, 2022-2032, million units 20
Figure 6. Impact of COVID-19 on Business 24
Figure 7. Primary Drivers and Impact Factors of North America Smart Meters Market 30
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million 33
Figure 9. Worldwide Smart Grid Technology Market, 2022-2028, $ billion 33
Figure 10. Drivers for Smart Technology Investment 34
Figure 11. Primary Restraints and Impact Factors of North America Smart Meters Market 35
Figure 12. Investment Opportunity Analysis 39
Figure 13. Porter鈥檚 Fiver Forces Analysis of North America Smart Meters Market 42
Figure 14. Breakdown of North America Smart Meters Market by Component, 2022-2032, % of Revenue 47
Figure 15. North America Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 47
Figure 16. North America Smart Meters Market by Component: Hardware, 2022-2032, $ mn 48
Figure 17. North America Smart Meters Market by Component: Software & Service, 2022-2032, $ mn 49
Figure 18. Breakdown of North America Smart Meters Market by Technology, 2022-2032, % of Sales Revenue 51
Figure 19. North America Addressable Market Cap in 2023-2032 by Technology, Value ($ mn) and Share (%) 51
Figure 20. North America Smart Meters Market by Technology: Automatic Meter Reading (AMR), 2022-2032, $ mn 52
Figure 21. North America Smart Meters Market by Technology: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 53
Figure 22. Breakdown of North America Smart Meters Market by Communication Type, 2022-2032, % of Sales Revenue 55
Figure 23. North America Addressable Market Cap in 2023-2032 by Communication Type, Value ($ mn) and Share (%) 55
Figure 24. North America Smart Meters Market by Communication Type: Cellular Technology, 2022-2032, $ mn 56
Figure 25. North America Smart Meters Market by Communication Type: Radio Frequency (RF), 2022-2032, $ mn 57
Figure 26. North America Smart Meters Market by Communication Type: Power Line Communication (PLC), 2022-2032, $ mn 58
Figure 27. North America Smart Meters Market by Communication Type: Other Communication Types, 2022-2032, $ mn 59
Figure 28. Breakdown of North America Smart Meters Market by Phase, 2022-2032, % of Revenue 61
Figure 29. North America Addressable Market Cap in 2023-2032 by Phase, Value ($ mn) and Share (%) 61
Figure 30. North America Smart Meters Market by Phase: Single-phase Smart Meters, 2022-2032, $ mn 62
Figure 31. North America Smart Meters Market by Phase: Three-phase Smart Meters, 2022-2032, $ mn 63
Figure 32. Breakdown of North America Smart Meters Market by Specification, 2022-2032, % of Revenue 65
Figure 33. North America Addressable Market Cap in 2023-2032 by Specification, Value ($ mn) and Share (%) 65
Figure 34. North America Smart Meters Market by Specification: SMETS1 Smart Meters, 2022-2032, $ mn 66
Figure 35. North America Smart Meters Market by Specification: SMETS2 Smart Meters, 2022-2032, $ mn 67
Figure 36. Breakdown of North America Smart Meters Market by Application, 2022-2032, % of Sales Value 68
Figure 37. North America Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 69
Figure 38. Breakdown of North America Smart Meters Market by Application, 2022-2032, % of Sales Volume 70
Figure 39. North America Addressable Market Cap in 2023-2032 by Application, Volume (million units) and Share (%) 71
Figure 40. North America Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, $ mn 72
Figure 41. North America Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, million units 73
Figure 42. North America Smart Meters Market by Application: Smart Gas Meters, 2022-2032, $ mn 74
Figure 43. North America Smart Meters Market by Application: Smart Gas Meters, 2022-2032, million units 75
Figure 44. North America Smart Meters Market by Application: Smart Water Meters, 2022-2032, $ mn 76
Figure 45. North America Smart Meters Market by Application: Smart Water Meters, 2022-2032, million units 77
Figure 46. Breakdown of North America Smart Meters Market by End Use, 2022-2032, % of Revenue 78
Figure 47. North America Addressable Market Cap in 2023-2032 by End Use, Value ($ mn) and Share (%) 79
Figure 48. North America Smart Meters Market by End Use: Residential Use, 2022-2032, $ mn 80
Figure 49. North America Smart Meters Market by End Use: Commercial Use, 2022-2032, $ mn 81
Figure 50. North America Smart Meters Market by End Use: Industrial Use, 2022-2032, $ mn 82
Figure 51. Breakdown of North America Smart Meters Market by Country, 2022 and 2032, % of Revenue 84
Figure 52. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 85
Figure 53. U.S. Smart Meters Market, 2022-2032, $ mn 87
Figure 54. U.S. Annual Investment on Smart Grid, 2014-2026, $ bn 89
Figure 55. U.S. Smart Electric Meter Deployment by State, 2018, % of Customers 89
Figure 56. Canada Smart Meters Market, 2022-2032, $ mn 90
Figure 57. Smart Meters Market in Mexico, 2022-2032, $ mn 92
Figure 58. Growth Stage of North America Smart Meters Industry over the Forecast Period 94

Companies Covered

Selected Key Players:
AEM
Aichi Tokei Denki Co., Ltd.
Apator SA
Azbil Kimmon Co., Ltd. (Azbil Corporation)
Badger Meter, Inc.
Diehl Stiftung & Co. KG
EDMI
Elster Group GmbH (Honeywell International Inc.)
Hexing Electric Company Ltd.
Holley Technology Ltd.
Iskraemeco
Itron Inc.
Jiangsu Linyang Energy Co., Ltd.
Kamstrup AS
Landis+Gyr Group AG
Neptune Technology Group Inc.
Ningbo Sanxing Electric Co., Ltd.
Pietro Fiorentini SpA
Sagemcom SAS
Schneider Electric SA
Sensus Usa Inc. (Xylem Inc.)
Siemens AG
Wasion Holdings Limited
Yazaki Corporation
Zenner International GmbH & Co. KG
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

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