The US Smart Meter Market: Size, Trends & Forecast with Impact Analysis of COVID 19 (2021-2025)

The US Smart Meter Market Research Reports 2021-2025

The report titled “The US Smart Meter Market: Size, Trends & Forecast with Impact Analysis of COVID 19 (2021-2025)”, provides an in depth analysis of the US Smart Meter market by value, by product, by end-user, etc. The report also provides a detailed analysis of the COVID-19 impact on the US smart meter market.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall smart meter market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The US Smart Meter market is fragmented with many major market players operating worldwide. The manufacturers of smart meters produce different types of products to cater to the needs of various sectors. The key players of the US smart meter market are Honeywell International Inc. (Elster Group), Schneider Electric SE, Itron Inc., and Landis + Gyr. are also profiled with their financial information and respective business strategies.

Company Coverage

Honeywell International Inc. (Elster Group)
Schneider Electric SE
Itron Inc.
Landis + Gyr.

Executive Summary

Smart meter refers to an energy meter that is able to provide detailed and often real time readings, of electricity consumption in the building, business or home. The smart meter is also communicative and transmits the information collected using different channels (power line, Internet, telephone).

The smart meter market is segmented on the basis of product (Smart electricity meters, smart gas meters, and smart water meters), services (installation), and end-users (residential, commercial, and industrial). While most of the industries worldwide suffered a negative impact of COVID-19, the US smart meter market witnessed a mixed impact on it. Initially, the market witnessed a fall in the supply and shipment of smart meters, however the demand for smart meters were high during the pandemic. Later in the year, the supply nearly matched the demand. There were hindrance in installment of smart meters, due to prolonged lockdowns, limited man power and a fear of spread of virus, which made people hesitant to allow installation of smart meters. The demand of smart meters rose majorly in the residential areas.

The US smart meter market has increased significantly during the years 2019-2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously. The US smart meter market is expected to increase due to the improvement in wireless network infrastructure, rapid urbanization, raising concerns about carbon emission, growing demand to switch to sustainable utility supply, supportive government initiatives, increased investment in smart meters, and growing popularity of smart homes, etc. Yet the market faces some challenges such as high cost involvement, health and security concerns, etc.

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Figure 1: Smart Metering Process
Figure 2: History of Smart Meter: Timeline
Figure 3: Advantages and Disadvantages of Smart Meters
Figure 4: Smart Meter Segmentation by Product
Figure 5: Smart Meter Segmentation by Service Type
Figure 6: Smart Meter Segmentation by Connectivity
Figure 7: Smart Meter Segmentation by End-user
Figure 8: The US Smart Meter Market by Value; 2019-2020 (US$ Billion)
Figure 9: The US Smart Meter Market by Value; 2021-2025 (US$ Billion)
Figure 10: The US Smart Meter Market by Product; 2020 (Percentage, %)
Figure 11: The US Smart Meter Market by End User; 2020 (Percentage, %)
Figure 12: The US Smart Meter Market by Installations; 2016-2020 (Million)
Figure 13: The US Smart Meter Market by Installations; 2021-2025 (Million)
Figure 14: The US Smart Water Meter Market by Value; 2019-2020 (US$ Billion)
Figure 15: The US Smart Water Meter Market by Value; 2021-2025 (US$ Billion)
Figure 16: The US Smart Electricity Meter Market by Value; 2019-2020 (US$ Billion)
Figure 17: The US Smart Electricity Meter Market by Value; 2021-2025 (US$ Billion)
Figure 18: The US Smart Gas Meter Market by Value; 2019-2020 (US$ Billion)
Figure 19: The US Smart Gas Meter Market by Value; 2021-2025 (US$ Billion)
Figure 20: The US Residential Smart Meter Market by Value; 2019-2020 (US$ Billion)
Figure 21: The US Residential Smart Meter Market by Value; 2021-2025 (US$ Billion)
Figure 22: The US Commercial Smart Meter Market by Value; 2019-2020 (US$ Billion)
Figure 23: The US Commercial Smart Meter Market by Value; 2021-2025 (US$ Billion)
Figure 24: The US Industrial Smart Meter Market by Value; 2019-2020 (US$ Million)
Figure 25: The US Industrial Smart Meter Market by Value; 2021-2025 (US$ Billion)
Figure 26: Benefits of Smart Metering for DISCOMs
Figure 27: The US Urban Population; 2015-2020 (Percentage, %)
Figure 28: The US Carbon Dioxide Emissions; 2019-2022 (Billion Metric Tons)
Figure 29: The US Investment in Smart Meters; 2015-2019 (US$ Billion)
Figure 30: The US Electricity Generation by Major Energy Source; 2016-2020 (Billion KilowattHours)
Figure 31: The US Number of Smart Homes; 2017-2025 (Million)
Figure 32: The US Manufacturing Investment in IoT; 2017 & 2022 (US$ Billion)
Figure 33: The US Smart Meter Market Players by Research & Development (R&D) Expenses; 2019-2020 (US$ Million)
Figure 34: Honeywell International, Inc. Net Sales; 2016-2020 (US$ Billion)
Figure 35: Honeywell International, Inc. Net Sales by Segments; 2020 (Percentage, %)
Figure 36: Honeywell International, Inc. Net Sales by Region; 2020 (Percentage, %)
Figure 37: Schneider Electric SE Revenue; 2016-2020 (US$ Billion)
Figure 38: Schneider Electric SE Revenue by Segment; 2020 (Percentage, %)
Figure 39: Schneider Electric SE Revenue by Region; 2020 (Percentage, %)
Figure 40: Itron Inc. Net Revenue; 2016-2020 (US$ Billion)
Figure 41: Itron Inc. Net Revenue by Segments; 2020 (Percentage, %)
Figure 42: Itron Inc. Net Revenue by Region; 2020 (Percentage, %)
Figure 43: Landis + Gyr Net Revenue; 2016-2020 (US$ Billion)
Figure 44: Landis + Gyr Net Revenue by Region; 2020 (Percentage, %)
Table 1: The US Federal Government Infrastructure Funding Programs
Table 2: The US Smart Meter Market Players: A Financial Comparison; 2020