US Smart Meters Market

ID: MRFR/EnP/16579-HCR
100 Pages
Snehal Singh
Last Updated: April 06, 2026
US Smart Meters Market Research Report By Type (Electric Meters, Gas Meters, Water Meters), By Technology (Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI)), By Component (Hardware, Software), By Communication (Radiofrequency, Power Line Communication, Cellular) and By Application (Residential, Commercial, Industrial) - Forecast to 2035
US Smart Meters Market
Market Size
Forecast Period2025 - 2035
CAGR (2025 - 2035)7.38%
2024 Market Size$ 4,321.73 Million
2025 Market Size$ 4,674.04 Million
2035 Market Size$ 9,460.69 Million
Key Players
Itron
Landis+Gyr
Siemens
Honeywell
General Electric
Schneider Electric
Trends
  • Increased Focus on Energy Efficiency
  • Integration with Renewable Energy Sources
  • Enhanced Consumer Engagement
Opportunities
  • Technological Advancements
  • Consumer Awareness and Engagement
  • Government Regulations and Incentives
Summary Table of Contents Segmentation Download PDF
  1. 1 SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
    1. 1.1 EXECUTIVE SUMMARY
      1. 1.1.1 Market Overview
      2. 1.1.2 Key Findings
      3. 1.1.3 Market Segmentation
      4. 1.1.4 Competitive Landscape
      5. 1.1.5 Challenges and Opportunities
      6. 1.1.6 Future Outlook
  2. 2 SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
    1. 2.1 MARKET INTRODUCTION
      1. 2.1.1 Definition
      2. 2.1.2 Scope of the study
        1. 2.1.2.1 Research Objective
        2. 2.1.2.2 Assumption
        3. 2.1.2.3 Limitations
    2. 2.2 RESEARCH METHODOLOGY
      1. 2.2.1 Overview
      2. 2.2.2 Data Mining
      3. 2.2.3 Secondary Research
      4. 2.2.4 Primary Research
        1. 2.2.4.1 Primary Interviews and Information Gathering Process
        2. 2.2.4.2 Breakdown of Primary Respondents
      5. 2.2.5 Forecasting Model
      6. 2.2.6 Market Size Estimation
        1. 2.2.6.1 Bottom-Up Approach
        2. 2.2.6.2 Top-Down Approach
      7. 2.2.7 Data Triangulation
      8. 2.2.8 Validation
  3. 3 SECTION III: QUALITATIVE ANALYSIS
    1. 3.1 MARKET DYNAMICS
      1. 3.1.1 Overview
      2. 3.1.2 Drivers
      3. 3.1.3 Restraints
      4. 3.1.4 Opportunities
    2. 3.2 MARKET FACTOR ANALYSIS
      1. 3.2.1 Value chain Analysis
      2. 3.2.2 Porter's Five Forces Analysis
        1. 3.2.2.1 Bargaining Power of Suppliers
        2. 3.2.2.2 Bargaining Power of Buyers
        3. 3.2.2.3 Threat of New Entrants
        4. 3.2.2.4 Threat of Substitutes
        5. 3.2.2.5 Intensity of Rivalry
      3. 3.2.3 COVID-19 Impact Analysis
        1. 3.2.3.1 Market Impact Analysis
        2. 3.2.3.2 Regional Impact
        3. 3.2.3.3 Opportunity and Threat Analysis
  4. 4 SECTION IV: QUANTITATIVE ANALYSIS
    1. 4.1 Energy & Power, BY Application (USD Million)
      1. 4.1.1 Residential
      2. 4.1.2 Commercial
      3. 4.1.3 Industrial
      4. 4.1.4 Utility
      5. 4.1.5 Smart Grid
    2. 4.2 Energy & Power, BY End Use (USD Million)
      1. 4.2.1 Electricity Metering
      2. 4.2.2 Water Metering
      3. 4.2.3 Gas Metering
      4. 4.2.4 Telecommunications
      5. 4.2.5 Renewable Energy
    3. 4.3 Energy & Power, BY Technology (USD Million)
      1. 4.3.1 Automated Meter Reading
      2. 4.3.2 Advanced Metering Infrastructure
      3. 4.3.3 Smart Grid Technology
      4. 4.3.4 Communication Technology
      5. 4.3.5 Data Management
    4. 4.4 Energy & Power, BY Type (USD Million)
      1. 4.4.1 Smart Electricity Meters
      2. 4.4.2 Smart Water Meters
      3. 4.4.3 Smart Gas Meters
      4. 4.4.4 Smart Heat Meters
      5. 4.4.5 Smart Multi-Utility Meters
  5. 5 SECTION V: COMPETITIVE ANALYSIS
    1. 5.1 Competitive Landscape
      1. 5.1.1 Overview
      2. 5.1.2 Competitive Analysis
      3. 5.1.3 Market share Analysis
      4. 5.1.4 Major Growth Strategy in the Energy & Power
      5. 5.1.5 Competitive Benchmarking
      6. 5.1.6 Leading Players in Terms of Number of Developments in the Energy & Power
      7. 5.1.7 Key developments and growth strategies
        1. 5.1.7.1 New Product Launch/Service Deployment
        2. 5.1.7.2 Merger & Acquisitions
        3. 5.1.7.3 Joint Ventures
      8. 5.1.8 Major Players Financial Matrix
        1. 5.1.8.1 Sales and Operating Income
        2. 5.1.8.2 Major Players R&D Expenditure. 2023
    2. 5.2 Company Profiles
      1. 5.2.1 Itron (US)
        1. 5.2.1.1 Financial Overview
        2. 5.2.1.2 Products Offered
        3. 5.2.1.3 Key Developments
        4. 5.2.1.4 SWOT Analysis
        5. 5.2.1.5 Key Strategies
      2. 5.2.2 Landis+Gyr (US)
        1. 5.2.2.1 Financial Overview
        2. 5.2.2.2 Products Offered
        3. 5.2.2.3 Key Developments
        4. 5.2.2.4 SWOT Analysis
        5. 5.2.2.5 Key Strategies
      3. 5.2.3 Siemens (US)
        1. 5.2.3.1 Financial Overview
        2. 5.2.3.2 Products Offered
        3. 5.2.3.3 Key Developments
        4. 5.2.3.4 SWOT Analysis
        5. 5.2.3.5 Key Strategies
      4. 5.2.4 Honeywell (US)
        1. 5.2.4.1 Financial Overview
        2. 5.2.4.2 Products Offered
        3. 5.2.4.3 Key Developments
        4. 5.2.4.4 SWOT Analysis
        5. 5.2.4.5 Key Strategies
      5. 5.2.5 General Electric (US)
        1. 5.2.5.1 Financial Overview
        2. 5.2.5.2 Products Offered
        3. 5.2.5.3 Key Developments
        4. 5.2.5.4 SWOT Analysis
        5. 5.2.5.5 Key Strategies
      6. 5.2.6 Schneider Electric (US)
        1. 5.2.6.1 Financial Overview
        2. 5.2.6.2 Products Offered
        3. 5.2.6.3 Key Developments
        4. 5.2.6.4 SWOT Analysis
        5. 5.2.6.5 Key Strategies
      7. 5.2.7 Sensus (US)
        1. 5.2.7.1 Financial Overview
        2. 5.2.7.2 Products Offered
        3. 5.2.7.3 Key Developments
        4. 5.2.7.4 SWOT Analysis
        5. 5.2.7.5 Key Strategies
      8. 5.2.8 Elster (US)
        1. 5.2.8.1 Financial Overview
        2. 5.2.8.2 Products Offered
        3. 5.2.8.3 Key Developments
        4. 5.2.8.4 SWOT Analysis
        5. 5.2.8.5 Key Strategies
      9. 5.2.9 Kamstrup (US)
        1. 5.2.9.1 Financial Overview
        2. 5.2.9.2 Products Offered
        3. 5.2.9.3 Key Developments
        4. 5.2.9.4 SWOT Analysis
        5. 5.2.9.5 Key Strategies
    3. 5.3 Appendix
      1. 5.3.1 References
      2. 5.3.2 Related Reports
  6. 6 LIST OF FIGURES
    1. 6.1 MARKET SYNOPSIS
    2. 6.2 US MARKET ANALYSIS BY APPLICATION
    3. 6.3 US MARKET ANALYSIS BY END USE
    4. 6.4 US MARKET ANALYSIS BY TECHNOLOGY
    5. 6.5 US MARKET ANALYSIS BY TYPE
    6. 6.6 KEY BUYING CRITERIA OF ENERGY & POWER
    7. 6.7 RESEARCH PROCESS OF MRFR
    8. 6.8 DRO ANALYSIS OF ENERGY & POWER
    9. 6.9 DRIVERS IMPACT ANALYSIS: ENERGY & POWER
    10. 6.10 RESTRAINTS IMPACT ANALYSIS: ENERGY & POWER
    11. 6.11 SUPPLY / VALUE CHAIN: ENERGY & POWER
    12. 6.12 ENERGY & POWER, BY APPLICATION, 2024 (% SHARE)
    13. 6.13 ENERGY & POWER, BY APPLICATION, 2024 TO 2035 (USD Million)
    14. 6.14 ENERGY & POWER, BY END USE, 2024 (% SHARE)
    15. 6.15 ENERGY & POWER, BY END USE, 2024 TO 2035 (USD Million)
    16. 6.16 ENERGY & POWER, BY TECHNOLOGY, 2024 (% SHARE)
    17. 6.17 ENERGY & POWER, BY TECHNOLOGY, 2024 TO 2035 (USD Million)
    18. 6.18 ENERGY & POWER, BY TYPE, 2024 (% SHARE)
    19. 6.19 ENERGY & POWER, BY TYPE, 2024 TO 2035 (USD Million)
    20. 6.20 BENCHMARKING OF MAJOR COMPETITORS
  7. 7 LIST OF TABLES
    1. 7.1 LIST OF ASSUMPTIONS
  8. 7.1.1
    1. 7.2 US MARKET SIZE ESTIMATES; FORECAST
      1. 7.2.1 BY APPLICATION, 2026-2035 (USD Million)
      2. 7.2.2 BY END USE, 2026-2035 (USD Million)
      3. 7.2.3 BY TECHNOLOGY, 2026-2035 (USD Million)
      4. 7.2.4 BY TYPE, 2026-2035 (USD Million)
    2. 7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
  9. 7.3.1
    1. 7.4 ACQUISITION/PARTNERSHIP
  10. 7.4.1

US Smart Meters Market Segmentation

US Smart Meters Market By Application (USD Million, 2026-2035)

  • Residential
  • Commercial
  • Industrial
  • Utility
  • Smart Grid

US Smart Meters Market By End Use (USD Million, 2026-2035)

  • Electricity Metering
  • Water Metering
  • Gas Metering
  • Telecommunications
  • US Smart Meters Market

US Smart Meters Market By Technology (USD Million, 2026-2035)

  • Automated Meter Reading
  • Advanced Metering Infrastructure
  • Smart Grid Technology
  • Communication Technology
  • Data Management

US Smart Meters Market By Type (USD Million, 2026-2035)

  • Smart Electricity Meters
  • Smart Water Meters
  • Smart Gas Meters
  • Smart Heat Meters
  • Smart Multi-Utility Meters

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