Table of Content

1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16

2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42

3 Segmentation of North America Market by Component 46
3.1 Market Overview by Component 46
3.2 Hardware 48
3.3 Software & Service 49

4 Segmentation of North America Market by Technology 50
4.1 Market Overview by Technology 50
4.2 Automatic Meter Reading (AMR) 52
4.3 Advanced Metering Infrastructure (AMI) 53

5 Segmentation of North America Market by Communication Type 54
5.1 Market Overview by Communication Type 54
5.2 Cellular Technology 56
5.3 Radio Frequency (RF) 57
5.4 Power Line Communication (PLC) 58
5.5 Other Communication Types 59

6 Segmentation of North America Market by Phase 60
6.1 Market Overview by Phase 60
6.2 Single-phase Smart Meters 62
6.3 Three-phase Smart Meters 63

7 Segmentation of North America Market by Specification 64
7.1 Market Overview by Specification 64
7.2 SMETS1 Smart Meters 66
7.3 SMETS2 Smart Meters 67

8 Segmentation of North America Market by Application 68
8.1 Market Overview by Application 68
8.2 Smart Electricity Meters 72
8.3 Smart Gas Meters 74
8.4 Smart Water Meters 76

9 Segmentation of North America Market by End Use 78
9.1 Market Overview by End Use 78
9.2 Residential Use 80
9.3 Commercial Use 81
9.4 Industrial Use 82

10 North America Market 2022-2032 by Country 83
10.1 Overview of North America Market 83
10.2 U.S. 86
10.3 Canada 90
10.4 Mexico 92

11 Competitive Landscape 94
11.1 Overview of Key Vendors 94
11.2 New Product Launch, Partnership, Investment, and M&A 97
11.3 Company Profiles 98
AEM 98
Aichi Tokei Denki Co., Ltd. 100
Apator SA 101
Azbil Kimmon Co., Ltd. (Azbil Corporation) 102
Badger Meter, Inc. 103
Diehl Stiftung & Co. KG 104
EDMI 105
Elster Group GmbH (Honeywell International Inc.) 106
Hexing Electric Company Ltd. 107
Holley Technology Ltd. 108
Iskraemeco 109
Itron Inc. 110
Jiangsu Linyang Energy Co., Ltd. 111
Kamstrup AS 112
Landis+Gyr Group AG 113
Neptune Technology Group Inc. 114
Ningbo Sanxing Electric Co., Ltd. 115
Pietro Fiorentini SpA 116
Sagemcom SAS 117
Schneider Electric SA 118
Sensus Usa Inc. (Xylem Inc.) 119
Siemens AG 120
Wasion Holdings Limited 121
Yazaki Corporation 122
Zenner International GmbH & Co. KG 123
RELATED REPORTS 124



List of Figures

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. North America Smart Meters Market by Value, 2022-2032, $ mn 19
Figure 5. North America Smart Meters Market by Volume, 2022-2032, million units 20
Figure 6. Impact of COVID-19 on Business 24
Figure 7. Primary Drivers and Impact Factors of North America Smart Meters Market 30
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million 33
Figure 9. Worldwide Smart Grid Technology Market, 2022-2028, $ billion 33
Figure 10. Drivers for Smart Technology Investment 34
Figure 11. Primary Restraints and Impact Factors of North America Smart Meters Market 35
Figure 12. Investment Opportunity Analysis 39
Figure 13. Porter’s Fiver Forces Analysis of North America Smart Meters Market 42
Figure 14. Breakdown of North America Smart Meters Market by Component, 2022-2032, % of Revenue 47
Figure 15. North America Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 47
Figure 16. North America Smart Meters Market by Component: Hardware, 2022-2032, $ mn 48
Figure 17. North America Smart Meters Market by Component: Software & Service, 2022-2032, $ mn 49
Figure 18. Breakdown of North America Smart Meters Market by Technology, 2022-2032, % of Sales Revenue 51
Figure 19. North America Addressable Market Cap in 2023-2032 by Technology, Value ($ mn) and Share (%) 51
Figure 20. North America Smart Meters Market by Technology: Automatic Meter Reading (AMR), 2022-2032, $ mn 52
Figure 21. North America Smart Meters Market by Technology: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 53
Figure 22. Breakdown of North America Smart Meters Market by Communication Type, 2022-2032, % of Sales Revenue 55
Figure 23. North America Addressable Market Cap in 2023-2032 by Communication Type, Value ($ mn) and Share (%) 55
Figure 24. North America Smart Meters Market by Communication Type: Cellular Technology, 2022-2032, $ mn 56
Figure 25. North America Smart Meters Market by Communication Type: Radio Frequency (RF), 2022-2032, $ mn 57
Figure 26. North America Smart Meters Market by Communication Type: Power Line Communication (PLC), 2022-2032, $ mn 58
Figure 27. North America Smart Meters Market by Communication Type: Other Communication Types, 2022-2032, $ mn 59
Figure 28. Breakdown of North America Smart Meters Market by Phase, 2022-2032, % of Revenue 61
Figure 29. North America Addressable Market Cap in 2023-2032 by Phase, Value ($ mn) and Share (%) 61
Figure 30. North America Smart Meters Market by Phase: Single-phase Smart Meters, 2022-2032, $ mn 62
Figure 31. North America Smart Meters Market by Phase: Three-phase Smart Meters, 2022-2032, $ mn 63
Figure 32. Breakdown of North America Smart Meters Market by Specification, 2022-2032, % of Revenue 65
Figure 33. North America Addressable Market Cap in 2023-2032 by Specification, Value ($ mn) and Share (%) 65
Figure 34. North America Smart Meters Market by Specification: SMETS1 Smart Meters, 2022-2032, $ mn 66
Figure 35. North America Smart Meters Market by Specification: SMETS2 Smart Meters, 2022-2032, $ mn 67
Figure 36. Breakdown of North America Smart Meters Market by Application, 2022-2032, % of Sales Value 68
Figure 37. North America Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 69
Figure 38. Breakdown of North America Smart Meters Market by Application, 2022-2032, % of Sales Volume 70
Figure 39. North America Addressable Market Cap in 2023-2032 by Application, Volume (million units) and Share (%) 71
Figure 40. North America Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, $ mn 72
Figure 41. North America Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, million units 73
Figure 42. North America Smart Meters Market by Application: Smart Gas Meters, 2022-2032, $ mn 74
Figure 43. North America Smart Meters Market by Application: Smart Gas Meters, 2022-2032, million units 75
Figure 44. North America Smart Meters Market by Application: Smart Water Meters, 2022-2032, $ mn 76
Figure 45. North America Smart Meters Market by Application: Smart Water Meters, 2022-2032, million units 77
Figure 46. Breakdown of North America Smart Meters Market by End Use, 2022-2032, % of Revenue 78
Figure 47. North America Addressable Market Cap in 2023-2032 by End Use, Value ($ mn) and Share (%) 79
Figure 48. North America Smart Meters Market by End Use: Residential Use, 2022-2032, $ mn 80
Figure 49. North America Smart Meters Market by End Use: Commercial Use, 2022-2032, $ mn 81
Figure 50. North America Smart Meters Market by End Use: Industrial Use, 2022-2032, $ mn 82
Figure 51. Breakdown of North America Smart Meters Market by Country, 2022 and 2032, % of Revenue 84
Figure 52. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 85
Figure 53. U.S. Smart Meters Market, 2022-2032, $ mn 87
Figure 54. U.S. Annual Investment on Smart Grid, 2014-2026, $ bn 89
Figure 55. U.S. Smart Electric Meter Deployment by State, 2018, % of Customers 89
Figure 56. Canada Smart Meters Market, 2022-2032, $ mn 90
Figure 57. Smart Meters Market in Mexico, 2022-2032, $ mn 92
Figure 58. Growth Stage of North America Smart Meters Industry over the Forecast Period 94

List of Tables

List of Tables:

Table 1. Snapshot of North America Smart Meters Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in North America Smart Meters Market 38
Table 6. North America Smart Meters Market by Component, 2022-2032, $ mn 46
Table 7. North America Smart Meters Market by Technology, 2022-2032, $ mn 50
Table 8. North America Smart Meters Market by Communication Type, 2022-2032, $ mn 54
Table 9. North America Smart Meters Market by Phase, 2022-2032, $ mn 60
Table 10. North America Smart Meters Market by Specification, 2022-2032, $ mn 64
Table 11. North America Smart Meters Market by Application by Value, 2022-2032, $ mn 68
Table 12. North America Smart Meters Market by Application by Volume, 2022-2032, million units 70
Table 13. North America Smart Meters Market by End Use, 2022-2032, $ mn 78
Table 14. North America Smart Meters Market by Country, 2022-2032, $ mn 84
Table 15. U.S. Smart Meters Market by Technology, 2022-2032, $ mn 88
Table 16. U.S. Smart Meters Market by Application, 2022-2032, $ mn 88
Table 17. U.S. Smart Meters Market by End Use, 2022-2032, $ mn 88
Table 18. Canada Smart Meters Market by Technology, 2022-2032, $ mn 91
Table 19. Canada Smart Meters Market by Application, 2022-2032, $ mn 91
Table 20. Canada Smart Meters Market by End Use, 2022-2032, $ mn 91
Table 21. Mexico Smart Meters Market by Technology, 2022-2032, $ mn 93
Table 22. Mexico Smart Meters Market by Application, 2022-2032, $ mn 93
Table 23. Mexico Smart Meters Market by End Use, 2022-2032, $ mn 93
Table 24. AEM: Company Snapshot 98
Table 25. AEM: Business Segmentation 99
Table 26. AEM: Product Portfolio 99