The US smart electric meter market is expected to grow at a CAGR of around 9.6% during the forecasted period. The major factors augmenting the market are government initiatives and deployment of smart power grids in the region. The US market for smart electricity meters grow due to demand from a broad range of commercial and personal home users. According to the Edison Foundation, the US had installed 65 million smart meters in 2015, and the number of installations rised to 70 million in 2016, making up to more than half of all households in the country. The largest driver of the growth of smart electricity meter infrastructure has been The American Recovery and Reinvestment Act of 2009 (ARRA), which includes funding for the Smart Grid Investment Grant (SGIG) program. More than 50% of the $8 billion in the SGIG was designated for advanced metering infrastructure. The country’s five large smart meter manufacturers namely, Elster, Landis+Gyr, SensusGE Energy and Itron, received at least $30 million each in ARRA funds or matching funds. The funding encouraged utilities and municipalities to start implementing smart metering infrastructure in their communities.  

Country’s policies, government funded incentives, and willingness of local utilities to adopt tonew trends of smart meters are also the driving factors of the US smart electricity meter market.  California and Texas have developed smart grid policies due to rising energy consumption. In California, the government has implemented two key laws related to energy efficiency, the Clean Energy and Pollution Reduction Act and State Assembly Bill 802, require savings of electricity and natural gas to double by 2030, as compared to 2015 levels. AB 802 law established a buildings energy-use benchmarking and disclosure programme to complement the act. These efforts further expand consumer access to energy data and ensure that more buildings are complying with efficiency standards. 

Research Methodology

The market study of the US Smart Electric Meter market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  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. Our 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 our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our 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. The US Smart Electric Meter Market Research and Analysis by Communication Technology
2. The US Smart Electric Meter Market Research and Analysis by Phase
3. The US Smart Electric Meter Market Research and Analysis by Applications

The Report Covers

• Comprehensive research methodology of the US 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 US Smart Electric Meter market.
• Insights about market determinants which are stimulating the US Smart Electric Meter market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.