U.S. Smart Electricity Meters Market Size & Outlook
U.S. smart electricity meters market, 2017-2030 (US$M)
Related Markets
U.S. smart electricity meters market highlights
- The U.S. smart electricity meters market generated a revenue of USD 1,498.6 million in 2023 and is expected to reach USD 2,249.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating end-use in 2023.
- Industrial is the most lucrative end-use segment registering the fastest growth during the forecast period.
Smart electricity meters market data book summary
| Market revenue in 2023 | USD 1,498.6 million |
| Market revenue in 2030 | USD 2,249.3 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Industrial |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
| Key market players worldwide | Abbott Laboratories, ABB Ltd, GE Aerospace, Holley Inc Class A, Honeywell International Inc, Itron Inc, Schneider Electric SE, Siemens AG, El Sewedy Electrical Solutions |
Other key industry trends
- In terms of revenue, U.S. accounted for 11.5% of the global smart electricity meters market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. smart electricity meters market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 221.5 million by 2030.
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Smart Electricity Meters Market Scope
Smart Electricity Meters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. smart electricity meters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart electricity meters market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 87.61% in 2023. Horizon Databook has segmented the U.S. smart electricity meters market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2017 to 2030.
- U.S. Smart Electricity Meters End-Use Outlook (Revenue, USD Million, 2017-2030)
- Residential
- Commercial
- Industrial
- U.S. Smart Electricity Meters Phase Outlook (Revenue, USD Million, 2017-2030)
- Single Phase
- Three Phase
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Our clientele includes a mix of smart electricity meters market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. smart electricity meters market , including forecasts for subscribers. This country databook contains high-level insights into U.S. smart electricity meters market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. smart electricity meters market size, by end-use, 2017-2030 (US$M)
U.S. Smart Electricity Meters Market Outlook Share, 2023 & 2030 (US$M)
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