The North America Smart Meter Market would witness market growth of 10.9% CAGR during the forecast period (2020-2026). Smart meters operate with a smart meter monitor that can be put at any place at home, to explain how much energy is getting utilized and a sign of how much it cost. Both electricity and gas consumption can be seen. When we come to realize the utilization and cost incurring, we could expand our savings by making some of the suitable changes.
Traditionally, people have been monitoring the utilization of their household electricity manually but, with the rise of technology humans are getting replaced by machines, and these are considered smart machines. One such technology is the smart meter, which is a new kind of energy meter. These advanced meters are the substitution for existing meters and transfer electronic meter readings to energy suppliers naturally. Smart meters can be segmented into electric meters, gas, and water meters.
The significant component that propels the growth of the smart meter market is financial incentives and favorable government policies. Moreover, extensive installations of the smart meters by the utility organizations are concentrating on encouraging the distribution of the smart meters. Nonetheless, the high expense of installations of the smart meter borne by end-users hampers the development of the market. Numerous grid operators and other gas utility and water utility providers are successfully managing the demand for smart meters. Nonetheless, numerous advantages provided by the smart meter market like automatic meter reading and bill generation are further anticipated to add to the development of the smart meter industry.
Based on Product, the market is segmented into Smart Electric Meters, Smart Water Meters, and Smart Gas Meters. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Smart Meter Market in North America is expected to register a CAGR of 10.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Siemens AG, General Electric (GE) Co., Honeywell International, Inc., Xylem, Inc. (Sensus), Badger Meter, Inc., Landis+Gyr Group AG, Itron, Inc., Neptune Technology Group, Inc. (Roper Technologies, Inc.) and Holley Technology Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Smart Electric Meters
- Smart Water Meters
- Smart Gas Meters
By End-User
- Residential
- Commercial
- Industrial
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- Schneider Electric SE
- Siemens AG
- General Electric (GE) Co.
- Honeywell International, Inc.
- Xylem, Inc. (Sensus)
- Badger Meter, Inc.
- Landis+Gyr Group AG
- Itron, Inc.
- Neptune Technology Group, Inc. (Roper Technologies, Inc.)
- Holley Technology Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Meter Market, by Product
1.4.2 North America Smart Meter Market, by End User
1.4.3 North America Smart Meter Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Feb – 2020, Oct) Leading Players
Chapter 4. North America Smart Meter Market by Product
4.1 North America Smart Meter Smart Electric Meters Market by Country
4.2 North America Smart Meter Smart Water Meters Market by Country
4.3 North America Smart Meter Smart Gas Meters Market by Country
Chapter 5. North America Smart Meter Market by End Use
5.1 North America Residential Smart Meter Market by Country
5.2 North America Commercial Smart Meter Market by Country
5.3 North America Industrial Smart Meter Market by Country
Chapter 6. North America Smart Meter Market by Country
6.1 US Smart Meter Market
6.1.1 US Smart Meter Market by Product
6.1.2 US Smart Meter Market by End Use
6.2 Canada Smart Meter Market
6.2.1 Canada Smart Meter Market by Product
6.2.2 Canada Smart Meter Market by End Use
6.3 Mexico Smart Meter Market
6.3.1 Mexico Smart Meter Market by Product
6.3.2 Mexico Smart Meter Market by End Use
6.4 Rest of North America Smart Meter Market
6.4.1 Rest of North America Smart Meter Market by Product
6.4.2 Rest of North America Smart Meter Market by End Use
Chapter 7. Company Profiles
7.1 Schneider Electric SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental And Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.5.3 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Siemens AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 General Electric (GE) Co.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.6 SWOT Analysis
7.4 Honeywell International, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional & Segmental Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.6 SWOT Analysis
7.5 Xylem, Inc. (Sensus)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.5.2 Geographical Expansions:
7.6 Badger Meter, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Acquisition and Mergers:
7.6.5.2 Product Launches and Product Expansions:
7.7 Landis+Gyr Group AG
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research and Development Expense
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.8 Itron, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Acquisition and Mergers:
7.8.5.3 Product Launches and Product Expansions:
7.9 Neptune Technology Group, Inc. (Roper Technologies, Inc.)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.10. Holley Technology Ltd.
7.10.1 Company Overview
TABLE 1 North America Smart Meter Market, 2016 - 2019, USD Million
TABLE 2 North America Smart Meter Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Meter Market
TABLE 4 Product Launches And Product Expansions– Smart Meter Market
TABLE 5 Geographical Expansions – Smart Meter Market
TABLE 6 Acquisition and Mergers– Smart Meter Market
TABLE 7 North America Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 8 North America Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 9 North America Smart Meter Smart Electric Meters Market by Country, 2016 - 2019, USD Million
TABLE 10 North America Smart Meter Smart Electric Meters Market by Country, 2020 - 2026, USD Million
TABLE 11 North America Smart Meter Smart Water Meters Market by Country, 2016 - 2019, USD Million
TABLE 12 North America Smart Meter Smart Water Meters Market by Country, 2020 - 2026, USD Million
TABLE 13 North America Smart Meter Smart Gas Meters Market by Country, 2016 - 2019, USD Million
TABLE 14 North America Smart Meter Smart Gas Meters Market by Country, 2020 - 2026, USD Million
TABLE 15 North America Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 16 North America Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 17 North America Residential Smart Meter Market by Country, 2016 - 2019, USD Million
TABLE 18 North America Residential Smart Meter Market by Country, 2020 - 2026, USD Million
TABLE 19 North America Commercial Smart Meter Market by Country, 2016 - 2019, USD Million
TABLE 20 North America Commercial Smart Meter Market by Country, 2020 - 2026, USD Million
TABLE 21 North America Industrial Smart Meter Market by Country, 2016 - 2019, USD Million
TABLE 22 North America Industrial Smart Meter Market by Country, 2020 - 2026, USD Million
TABLE 23 North America Smart Meter Market by Country, 2016 - 2019, USD Million
TABLE 24 North America Smart Meter Market by Country, 2020 - 2026, USD Million
TABLE 25 US Smart Meter Market, 2016 - 2019, USD Million
TABLE 26 US Smart Meter Market, 2020 - 2026, USD Million
TABLE 27 US Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 28 US Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 29 US Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 30 US Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 31 Canada Smart Meter Market, 2016 - 2019, USD Million
TABLE 32 Canada Smart Meter Market, 2020 - 2026, USD Million
TABLE 33 Canada Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 34 Canada Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 35 Canada Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 36 Canada Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 37 Mexico Smart Meter Market, 2016 - 2019, USD Million
TABLE 38 Mexico Smart Meter Market, 2020 - 2026, USD Million
TABLE 39 Mexico Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 40 Mexico Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 41 Mexico Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 42 Mexico Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 43 Rest of North America Smart Meter Market, 2016 - 2019, USD Million
TABLE 44 Rest of North America Smart Meter Market, 2020 - 2026, USD Million
TABLE 45 Rest of North America Smart Meter Market by Product, 2016 - 2019, USD Million
TABLE 46 Rest of North America Smart Meter Market by Product, 2020 - 2026, USD Million
TABLE 47 Rest of North America Smart Meter Market by End Use, 2016 - 2019, USD Million
TABLE 48 Rest of North America Smart Meter Market by End Use, 2020 - 2026, USD Million
TABLE 49 Key information – Schneider Electric SE
TABLE 50 Key Information – Siemens AG
TABLE 51 Key Information – General Electric (GE) Co.
TABLE 52 Key information – Honeywell International, Inc.
TABLE 53 key information – Xylem, Inc.
TABLE 54 Key Information – Badger Meter, Inc.
TABLE 55 Key Information – Landis+Gyr Group AG
TABLE 56 Key Information – Itron, Inc.
TABLE 57 Key Information – Neptune Technology Group, Inc.
TABLE 58 Key Information – Holley Technology Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Feb – 2020, Dec) Leading Players
FIG 5 Recent strategies and developments: Schneider Electric SE
FIG 6 Swot analysis: Schneider Electric SE
FIG 7 Recent strategies and developments: Siemens AG
FIG 8 Swot analysis: Siemens AG
FIG 9 Swot analysis: General electric (GE) Co.
FIG 10 Swot analysis: Honeywell international, inc.
FIG 11 Recent strategies and developments: Xylem, Inc.
FIG 12 Recent strategies and developments: Badger Meter, Inc.
FIG 13 Recent strategies and developments: Landis+Gyr Group AG
FIG 14 Recent strategies and developments: Itron, Inc.