Second Wave of Smart Meter Deployments Booming in North America, Accounting for 75% of Annual Shipments by 2030, According to ResearchAndMarkets.com Report on Smart Metering Industry 2025
In the realm of smart metering communication technology, Wi-SUN-based mesh networks, offered by vendors such as Landis+Gyr and Itron, dominate the North American market. This is according to the latest report titled "Smart Metering in North America - 7th Edition," now available on ResearchAndMarkets.com.
The report offers a detailed analysis of the smart metering industry in North America, providing in-depth market profiles of the US and Canada, profiles of key players, new forecasts for smart electricity meters until 2030, and insights into the latest market and industry developments.
The North American market for smart electricity meters is forecasted to grow at a compound annual growth rate of 2.9%, from 152.4 million in 2024 to 180.9 million in 2030. This growth is driven by ongoing second-wave rollouts targeting early adopters, which are expected to account for approximately 75% of annual smart meter shipments by 2030.
The report also sheds light on the smart grid funding and policies in the United States and Canada. Notably, the penetration of smart electricity meters in North America is projected to reach 91 percent by 2030, with Canada expected to see a slightly higher penetration rate of around 97 percent.
The market is currently dominated by three companies: AcIara, Itron, and Landis+Gyr. Other notable communications solution providers in the smart metering industry include Aviat Networks (4RF), Eaton, Nexgrid, Nighthawk, Tantalus Systems, Trilliant, Ubiik, Wirepas. As for meter vendors, Itron, Landis+Gyr, Aclara (Hubbell), Gridspertise, Honeywell, Nansen (Sanxing Electric), Networked Energy Services (NES), Pietro Fiorentini, Sagemcom, Sensus (Xylem), and Vision Metering are some of the key players.
In addition to market analysis, the report also provides case studies of smart metering projects in North America. It's worth mentioning that North America was the first region to move beyond traditional energy metering through the widespread introduction of Advanced Metering Infrastructure (AMR) in the 1980s.
The report also discusses the role of system integrators and communications service providers such as Accenture, Capgemini, Cisco, GE Vernova (Greenbird Integration Technology), IBM, Verizon in the smart metering industry. Furthermore, software solution providers like Hansen Technologies, Harris Utilities, Parsons Corporation (IPKeys Power Partners), Oracle, OSlsoft (Aveva), SAP, Siemens are also highlighted.
The electricity and gas utilities in the United States mentioned in the report include Ameren, Consolidated Edison, Entergy, National Grid, NiSource, Hawaiian Electric, TXNM, BC Hydro, and Hydro-Quebec.
It's important to note that the smart metering industry is not limited to developed countries. While it is widely deployed in developed countries, it is also being launched in developing countries, with Asia-Pacific being the largest market.
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. By offering this comprehensive report, they aim to provide stakeholders with valuable insights into the smart metering market in North America, helping them make informed decisions and navigate the evolving landscape of the industry.
[1]: Source: Smart Metering in North America - 7th Edition report by ResearchAndMarkets.com [3]: Source: Smart Metering in North America - 7th Edition report by ResearchAndMarkets.com
- The latest report on smart metering in North America, titled "Smart Metering in North America - 7th Edition," available on ResearchAndMarkets.com, delves into the role of cloud technology in enhancing infrastructure performance for the industry.
- In the outlook for smart electricity meter growth in North America, the report also covers insights on the financial implications and trends in the technology-driven smart metering industry.
- As the smart grid funding and policies in the United States and Canada gain momentum, the report underscores the importance of technology partners such as Accenture, Cisco, and Oracle to leverage their expertise and drive industry advancements in the future.
