Press release
US Smart Electric Meter Market Size, Share, Trends, Growth, Industry Analysis and Forecast to 2025
US Smart Electric Meter Market
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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.
The largest driver of the growth of smart electricity meter infrastructure has been The American Recovery and Reinvestment Act of 2009 (ARRA), which includes funding for the Smart Grid Investment Grant (SGIG) program. More than 50% of the $8 billion in the SGIG was designated for advanced metering infrastructure. The country's five large smart meter manufacturers namely, Elster, Landis+Gyr, SensusGE Energy and Itron, received at least $30 million each in ARRA funds or matching funds. The funding encouraged utilities and municipalities to start implementing smart metering infrastructure in their communities.
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Country's policies, government funded incentives, and willingness of local utilities to adopt tonew trends of smart meters are also the driving factors of the US smart electricity meter market. California and Texas have developed smart grid policies due to rising energy consumption. In California, the government has implemented two key laws related to energy efficiency, the Clean Energy and Pollution Reduction Act and State Assembly Bill 802, require savings of electricity and natural gas to double by 2030, as compared to 2015 levels. AB 802 law established a buildings energy-use benchmarking and disclosure programme to complement the act. These efforts further expand consumer access to energy data and ensure that more buildings are complying with efficiency standards.
US Smart Electric Meter Market Segmentation
US Smart Electric Meter Market by Communication Technology
o Power Line Communication
o Cellular
o Radio Frequency
US Smart Electric Meter Market by Phase
o Single Phase
o Three Phase
US Smart Electric Meter Market by Application
o Residential
o Commercial
o Industrial
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