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North American Smart Electric Meter Market Size Analysis, Segmentation, Trends and Forecast 2019 - 2025

02-14-2020 07:10 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

North American Smart Electric Meter Market

North American Smart Electric Meter Market

North American smart electric market is predicted to grow at a CAGR of around 9.8% during the forecast period. North America will be the major revenue contributor in the global smart electricity market during the forecast period. Major factors that are responsible for the market growth include favorable government initiatives, upcoming smart grid projects, and strict norms for energy saving in the region. The US leads the smart electricity meter market due to the strong presence of RF technologies, followed by Canada.

Get Sample Copy of North American Smart Electric Meter Market at: https://www.omrglobal.com/request-sample/north-american-smart-electric-meter-market

Top Key Players - Aclara Technologies LLC, Elster Group, Itron Inc., Landis+Gyr AG, Schneider Electric SE, Sensus, Siemens AG, Silver Spring Networks Inc., Toshiba Corp.

Radio Frequency (RF) mesh and Zigbee are the two most popular technologies for North American utilities and their smart meter plans. RF mesh technology is deployed either by smart meter makers such as Landis+Gyr, Itron and Elster or are added by technology providers including Trilliant and Silver Spring Networks. Sensus, a xylum brand based in the US provide smart meters, build on tower-based smart meter communication. The company also has about seven million meters under contract and has more than one million endpoints installed for Southern Co.

For More Information, get A full report of North American Smart Electric Meter Market is available at: https://www.omrglobal.com/industry-reports/north-american-smart-electric-meter-market

Canada smart electricity meter market is more advanced as compared to other nations. Several provinces such as Ontario, Quebec, and Columbia have already implemented a smart meter. For instance, the Ontario Smart Metering initiative has been identified as one of the most successful deployments in Canada, with almost 4.5 million installed Smart meters. Initially, smart meter performance testing was used, however, the country's utility decided to use radio mesh technology for most customers. The utility also deployed a ZigBee HAN within the Smart meters to obtain consumption data to market daily. Along with the growing initiatives of Smart meters, the government introduced mandatory time-of-use pricing, making Ontario the largest electricity market with mandatory time-of-use rates and pilot programs at the start of implementation.

North American Smart Electric Meter Market Segmentation

North American Smart Electric Meter Market by Communication Technology

o Power Line Communication
o Cellular
o Radio Frequency

North American Smart Electric Meter Market by Phase

o Single Phase
o Three Phase

North American Smart Electric Meter Market by Application

o Residential
o Commercial
o Industrial

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/north-american-smart-electric-meter-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

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