North America Smart Electricity Meters Market 2020-2027 by Component (Hardware, Software), Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase (GISM, GIST, GISS), Precision (0.25S, 0.2S, 0.5S), End Use (Residential, Commercial, Industrial), and Country: Trend Outlook and Growth Opportunity
North America Smart Electricity Meters Market 2020-2027 by Component (Hardware, Software), Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase (GISM, GIST, GISS), Precision (0.25S, 0.2S, 0.5S), End Use (Residential, Commercial, Industrial), and Country: Trend Outlook and Growth Opportunity
Discover the latest insights into the booming North America Smart Electricity Meters Market. This report analyzes market size, growth trends (CAGR ), key players, and regional performance, offering valuable data for investors and industry professionals. Explore market drivers, restraints, and future projections for -.
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North America smart electricity meters market is expected to grow by 9.0% annually in the forecast period and reach $3,135.0 million by 2027 driven by the increasing need for efficient data monitoring systems, cost savings advantage of smart meters, and favorable government policies for smart meter rollout.
Highlighted with 23 tables and 45 figures, this 99-page report “North America Smart Electricity Meters Market 2020-2027 by Component (Hardware, Software), Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase (GISM, GIST, GISS), Precision (0.25S, 0.2S, 0.5S), End Use (Residential, Commercial, Industrial), and Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire North America smart electricity 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 2017-2019 and provides estimate/forecast from 2020 till 2027 with 2019 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:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s 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. The balanced (most likely) projection is used to quantify North America smart electricity meters market in every aspect of the classification from perspectives of Component, Technology, Communication Type, Phase, Precision, End Use, and Country.
Based on Component, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Hardware
• Software & Service
Based on Technology, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
Based on Communication Type, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Cellular Technology
• Radio Frequency (RF)
• Power Line Communication (PLC)
• Other Communication Types
Based on Phase, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• GISM (Single Phase, 230v, <40A)
• GIST (Three Phase, 3*230/400v, <60A)
• GISS (Heavy Consumers, >60A)
Based on Precision, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Accuracy Class 0.25S
• Accuracy Class 0.2S
• Accuracy Class 0.5S
Based on End Use, the North America market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Residential Use
• Commercial Use
• Industrial Use
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown of key national markets by Communication Type, Phase, and End Use over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Aclara Technologies
EDMI Limited
Elster Group GmbH (Honeywell International Inc.)
Hexing Electric Company
Holley Technology Ltd (Zhejiang Huamei Holding Co. Ltd)
Itron Inc.
Jiangsu Linyang Energy Co., Ltd.
Kamstrup A/S
Landis + GYR Group AG
Mitsubishi
Nanjing Xinlian Electronics Co., Ltd.
Sagemcom SAS
Sensus USA Inc.
Shenzhen Hemei Group Co. Ltd.
Shenzhen Kafia
Wasion Group Holdings
(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.)
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 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 28
2.4 Emerging Opportunities and Market Trends 31
2.5 Porter’s Fiver Forces Analysis 35
3 Segmentation of North America Market by Component 39
3.1 Market Overview by Component 39
3.2 Hardware 41
3.3 Software & Service 42
4 Segmentation of North America Market by Technology 43
4.1 Market Overview by Technology 43
4.2 Automatic Meter Reading (AMR) 45
4.3 Advanced Metering Infrastructure (AMI) 46
5 Segmentation of North America Market by Communication Type 47
5.1 Market Overview by Communication Type 47
5.2 Cellular Technology 49
5.3 Radio Frequency (RF) 50
5.4 Power Line Communication (PLC) 51
5.5 Other Communication Types 52
6 Segmentation of North America Market by Phase 53
6.1 Market Overview by Phase 53
6.2 GISM (Single Phase, 230v, <40A) 55
6.3 GIST (Three Phase, 3*230/400v, <60A) 56
6.4 GISS (Heavy Consumers, >60A) 57
7 Segmentation of North America Market by Precision 58
7.1 Market Overview by Precision 58
7.2 Accuracy Class 0.25S 60
7.3 Accuracy Class 0.2S 61
7.4 Accuracy Class 0.5S 62
8 Segmentation of North America Market by End Use 63
8.1 Market Overview by End Use 63
8.2 Residential Use 65
8.3 Commercial Use 66
8.4 Industrial Use 67
9 North America Market 2020-2027 by Country 68
9.1 Overview of North America Market 68
9.2 U.S. 71
9.3 Canada 74
9.4 Mexico 76
10 Competitive Landscape 78
10.1 Overview of Key Vendors 78
10.2 New Product Launch, Partnership, Investment, and M&A 81
10.3 Company Profiles 82
Aclara Technologies 82
EDMI Limited 84
Elster Group GmbH (Honeywell International Inc.) 85
Hexing Electric Company 86
Holley Technology Ltd (Zhejiang Huamei Holding Co. Ltd) 87
Itron Inc. 88
Jiangsu Linyang Energy Co., Ltd. 89
Kamstrup A/S 90
Landis + GYR Group AG 91
Mitsubishi 92
Nanjing Xinlian Electronics Co., Ltd. 93
Sagemcom SAS 94
Sensus USA Inc. 95
Shenzhen Hemei Group Co. Ltd. 96
Shenzhen Kafia 97
Wasion Group Holdings 98
Related Reports and Products 99
Research Methodology:
North America Smart Electricity Meters Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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