North American Smart Electric Meter Market Size, Share & Trends Analysis Report by Communication Technology (Power Line Communication, Cellular, and Radio Frequency), by Phase (Single Phase, and Three Phase), and by Application (Residential, Commercial, and Industrial) Forecast Period 2019-2025.
North American smart electric market is predicted to grow at a CAGR of around 9.8% during the forecast period. North America will be the major revenue contributor in the global smart electricity market during the forecast period. Major factors that are responsible for the market growth include favorable government initiatives, upcoming smart grid projects, and strict norms for energy saving in the region. The US leads the smart electricity meter market due to the strong presence of RF technologies, followed by Canada. Radio Frequency (RF) mesh and Zigbee are the two most popular technologies for North American utilities and their smart meter plans. RF mesh technology is deployed either by smart meter makers such as Landis+Gyr, Itron and Elster or are added by technology providers including Trilliant and Silver Spring Networks. Sensus, a xylum brand based in the US provide smart meters, build on tower-based smart meter communication. The company also has about seven million meters under contract and has more than one million endpoints installed for Southern Co.
Canada smart electricity meter market is more advanced as compared to other nations. Several provinces such as Ontario, Quebec, and Columbia have already implemented a smart meter. For instance, the Ontario Smart Metering initiative has been identified as one of the most successful deployments in Canada, with almost 4.5 million installed Smart meters. Initially, smart meter performance testing was used, however, the country’s utility decided to use radio mesh technology for most customers. The utility also deployed a ZigBee HAN within the Smart meters to obtain consumption data to market daily. Along with the growing initiatives of Smart meters, the government introduced mandatory time-of-use pricing, making Ontario the largest electricity market with mandatory time-of-use rates and pilot programs at the start of implementation.
Research Methodology
The market study of the North American Smart Electric Meter market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.
Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include
The report is intended for smart electric meter manufacturers, distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
1. North American Smart Electric Meter Market Research and Analysis by Communication Technology
2. North American Smart Electric Meter Market Research and Analysis by Phase
3. North American Smart Electric Meter Market Research and Analysis by Applications
The Report Covers
North American smart electric market is predicted to grow at a CAGR of around 9.8% during the forecast period. North America will be the major revenue contributor in the global smart electricity market during the forecast period. Major factors that are responsible for the market growth include favorable government initiatives, upcoming smart grid projects, and strict norms for energy saving in the region. The US leads the smart electricity meter market due to the strong presence of RF technologies, followed by Canada. Radio Frequency (RF) mesh and Zigbee are the two most popular technologies for North American utilities and their smart meter plans. RF mesh technology is deployed either by smart meter makers such as Landis+Gyr, Itron and Elster or are added by technology providers including Trilliant and Silver Spring Networks. Sensus, a xylum brand based in the US provide smart meters, build on tower-based smart meter communication. The company also has about seven million meters under contract and has more than one million endpoints installed for Southern Co.
Canada smart electricity meter market is more advanced as compared to other nations. Several provinces such as Ontario, Quebec, and Columbia have already implemented a smart meter. For instance, the Ontario Smart Metering initiative has been identified as one of the most successful deployments in Canada, with almost 4.5 million installed Smart meters. Initially, smart meter performance testing was used, however, the country’s utility decided to use radio mesh technology for most customers. The utility also deployed a ZigBee HAN within the Smart meters to obtain consumption data to market daily. Along with the growing initiatives of Smart meters, the government introduced mandatory time-of-use pricing, making Ontario the largest electricity market with mandatory time-of-use rates and pilot programs at the start of implementation.
Research Methodology
The market study of the North American Smart Electric Meter market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.
Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for smart electric meter manufacturers, distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
1. North American Smart Electric Meter Market Research and Analysis by Communication Technology
2. North American Smart Electric Meter Market Research and Analysis by Phase
3. North American Smart Electric Meter Market Research and Analysis by Applications
The Report Covers
- Comprehensive research methodology of the North American 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 North American Smart Electric Meter market.
- Insights about market determinants which are stimulating the North American Smart Electric Meter market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Aclara Technologies LLC
- Echelon Corp.
- Elster Group
- Itron Inc.
- Landis+Gyr AG
- Schneider Electric SE
- Sensus
- Siemens AG
- Silver Spring Networks Inc.
- Toshiba Corp.
