PUBLISHER: Grand View Research | PRODUCT CODE: 1772566
PUBLISHER: Grand View Research | PRODUCT CODE: 1772566
U.S. Smart Meter Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Type (Smart Electric Meter, Smart Water Meter), By Technology, By End Use, And Segment Forecasts, 2025 - 2033
U.S. Smart Meter Market Size & Trends:
The U.S. smart meter market size was estimated at USD 4.37 billion in 2024 and is projected to reach USD 8.50 billion by 2033, growing at a CAGR of 7.6% from 2025 to 2033. The market growth is primarily driven by the increasing adoption of renewable energy sources and the global push for energy efficiency and decarbonization. Utilities are deploying smart meters to better integrate solar, wind, and other renewables into the grid, reducing non-technical losses and improving overall grid resilience. This transition supports government mandates and sustainability goals worldwide as well as innovation in smart metering technologies, which is further fueling the expansion of the smart meter industry.
Advanced metering infrastructure (AMI) systems are a gaining trend in the smart meter industry, offering two-way communication between utilities and consumers. AMI enables real-time data collection, dynamic load management, and enhanced analytics, empowering utilities to optimize grid operations and consumers to manage their energy use more effectively. The expansion of AMI is closely linked with IoT and AI integration, which enhances data processing, predictive maintenance, and demand response capabilities.
Additionally, cybersecurity and data privacy have emerged as critical drivers in the smart meter industry, prompting the implementation of robust security measures to protect sensitive consumer data and grid infrastructure. As smart meters become more interconnected through IoT platforms, utilities and manufacturers are investing in secure communication protocols and advanced software solutions to mitigate cyber risks, ensuring trust and regulatory compliance, and thereby driving market growth.
Furthermore, consumer-centric software platforms and analytics tools transform the smart meter industry by enabling real-time monitoring, detailed consumption insights, and personalized energy management. These software advancements facilitate better customer engagement, support demand response programs, and help utilities optimize grid performance. Integration with cloud computing and AI further enhances the value of smart metering systems by providing actionable intelligence for both consumers and utilities.
Moreover, key companies are adopting innovative strategies to integrate advanced technologies such as IoT, artificial intelligence, and edge computing to enhance data accuracy, grid-edge capabilities, and real-time analytics. They are expanding their advanced metering infrastructure (AMI) offerings to improve predictive maintenance, support electric vehicle integration, and enable comprehensive energy monitoring and optimization. Such strategies by key companies are expected to drive the market growth in the coming years.
U.S. Smart Meter Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest technological trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. smart meter report based on component, technology, type, and end use:
- U.S. Smart Meter Component (Revenue, USD Billion, 2021 - 2033)
- Hardware
- Software
- U.S. Smart Meter Type (Revenue, USD Billion, 2021 - 2033)
- Smart Electric Meter
- Smart Water Meter
- Smart Gas Meter
- U.S. Smart Meter Technology Outlook (Revenue, USD Billion, 2021 - 2033)
- Automatic Meter Reading (AMR)
- Advanced Meter Infrastructure (AMI)
- U.S. Smart Meter End Use Outlook (Revenue, USD Billion, 2021 - 2033)
- Residential
- Commercial
- Industrial
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Scope and Assumptions
- 1.3.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Smart Meter Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Deployment Challenge
- 3.3. U.S. Smart Meter Market Analysis Tools
- 3.3.1. Deployment Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
- 3.3.1. Deployment Analysis - Porter's
Chapter 4. U.S. Smart Meter Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. U.S. Smart Meter Market: Component Movement Analysis, 2024 & 2033 (USD Billion)
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 5. U.S. Smart Meter Market: Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. U.S. Smart Meter Market: Type Movement Analysis, 2024 & 2033 (USD Billion)
- 5.3. Smart Electric Meter
- 5.3.1. Smart Electric Meter Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.4. Smart Gas Meter
- 5.4.1. Smart Gas Meter Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 5.5. Smart Water Meter
- 5.5.1. Smart Water Meter Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 6. U.S. Smart Meter Market: Technology Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. U.S. Smart Meter Market: Technology Movement Analysis, 2024 & 2033 (USD Billion)
- 6.3. Automatic Meter Reading (AMR)
- 6.3.1. Automatic Meter Reading (AMR) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 6.4. Advanced Meter Infrastructure (AMI)
- 6.4.1. Advanced Meter Infrastructure (AMI) Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 7. U.S. Smart Meter Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. U.S. Smart Meter Market: End Use Movement Analysis, 2024 & 2033 (USD Billion)
- 7.3. Industrial
- 7.3.1. Industrial Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.4. Commercial
- 7.4.1. Commercial Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
- 7.5. Residential
- 7.5.1. Residential Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Company Market Positioning
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles/Listing
- 8.4.1. ABB Group
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Badger Meter Inc.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. Diehl Metering U.S.
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Elster Group GmbH (Honeywell International Inc.)
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. General Electric Company
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Honeywell International Inc.
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. Itron Inc.
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Kamstrup A/S
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Landis+Gyr Group AG
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Mueller Systems LLC
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives
- 8.4.11. Neptune Technology Group Inc.
- 8.4.11.1. Participant's Overview
- 8.4.11.2. Financial Performance
- 8.4.11.3. Product Benchmarking
- 8.4.11.4. Strategic Initiatives
- 8.4.12. Sensus USA Inc. (Xylem Inc.)
- 8.4.12.1. Participant's Overview
- 8.4.12.2. Financial Performance
- 8.4.12.3. Product Benchmarking
- 8.4.12.4. Strategic Initiatives
- 8.4.13. Siemens AG
- 8.4.13.1. Participant's Overview
- 8.4.13.2. Financial Performance
- 8.4.13.3. Product Benchmarking
- 8.4.13.4. Strategic Initiatives
- 8.4.1. ABB Group
List of Tables
- Table 1 U.S. Smart Meter Market Size Estimates & Forecasts 2021 - 2033 (USD Billion)
- Table 2 U.S. Smart Meter Market, By Component 2021 - 2033 (USD Billion)
- Table 3 U.S. Smart Meter Market, By Type 2021 - 2033 (USD Billion)
- Table 4 U.S. Smart Meter Market, By Technology 2021 - 2033 (USD Billion)
- Table 5 U.S. Smart Meter Market, By End Use 2021 - 2033 (USD Billion)
- Table 6 Hardware Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- Table 7 Software Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- Table 8 Smart Electric Meter Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- Table 9 Smart Water Meter Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- Table 10 Smart Gas Meter Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- Table 11 Automatic Meter Reading (AMR) Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- Table 12 Advanced Meter Infrastructure (AMI) Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- Table 13 Residential Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- Table 14 Commercial Market Estimates & Forecast, 2021 - 2033 (USD Billion)
- Table 15 Industrial Market Estimates & Forecast, 2021 - 2033 (USD Billion)
List of Figures
- Fig. 1 U.S. smart meter market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 U.S. smart meter market snapshot
- Fig. 7 U.S. smart meter market segment snapshot
- Fig. 8 U.S. Smart Meter Market Competitive Landscape Snapshot
- Fig. 9 Market research process
- Fig. 10 Market driver relevance analysis (current & future impact)
- Fig. 11 Market restraint relevance analysis (current & future impact)
- Fig. 12 U.S. smart meter market, by component, key takeaways
- Fig. 13 U.S. smart meter market, by component, market share, 2024 & 2033
- Fig. 14 Hardware market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 15 Software market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 16 U.S. smart meter market, by type, key takeaways
- Fig. 17 U.S. smart meter market, by type, market share, 2024 & 2033
- Fig. 18 Smart electric meter market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 19 Smart water meter market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 20 Smart gas meter market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 21 U.S. smart meter market, by technology, key takeaways
- Fig. 22 U.S. smart meter market, by technology, market share, 2024 & 2033
- Fig. 23 Automatic Meter Reading (AMR) market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 24 Advanced Meter Infrastructure (AMI) market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 25 U.S. smart meter market, by end use, key takeaways
- Fig. 26 U.S. smart meter market, by end use, market share, 2024 & 2033
- Fig. 27 Residential market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 28 Commercial market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 29 Industrial market estimates & forecast, 2021 - 2033 (USD Billion)
- Fig. 30 Key company categorization
- Fig. 31 Strategy framework
