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US Smart Meters Market Share 2021: Trends, Key Players, Industry Analysis and Report 2021-2027

01-03-2022 04:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

US smart meters market is projected to grow at a CAGR of 5.5% during the forecast period. The presence of several programs making contributions to the development of advanced metering infrastructure is supporting the growth of the smart meter industry in the US. For instance, the American Recovery and Reinvestment Act of 2009 (ARRA), which includes funding for the Smart Grid Investment Grant (SGIG) program provides more than 50% of the $8 billion in the SGIG project which includes the development of advanced metering infrastructure.

A full report of US Smart Meters Market is available at: https://www.omrglobal.com/industry-reports/us-smart-meters-market

The country’s large smart gas meter manufacturers namely, Elster, Landis+Gyr, Sensus, and Itron, each received at least $30 million in ARRA funds or matching funds. The funding encouraged utilities and municipalities to start implementing smart metering infrastructure in their communities.
Further, the Government is providing funds for smart water projects in the US. For instance, the Bureau of Reclamation announced to provide funding opportunities for projects in 2020 and 2021, as part of the WaterSMART Water and Energy Efficiency Grant Program. This funding will allow undertaking projects that result in sustained water savings, increase the production of hydropower, and support broader water reliability benefits.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/us-smart-meters-market

Further, in 2019, the Bureau of Reclamation announced that 13 states will utilize $29.1 million in grants from the WaterSMART Program to support communities conserve water. Therefore significant programs towards smart water management further encourage the demand for smart water meters in the country, thus propels the overall market growth.

Market Coverage

• Study Period- 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segments Covered- By Product Type, by Technology, and by Application
• Key Companies Profiled- Aclara Technologies LLC, Eaton Corp., Honeywell International, Inc., Landis+Gyr AG, Schneider Electric SE, Itron Inc., and others

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and the coming years?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

US Smart Meters Market – Segmentation

By Product Type

• Smart Gas Meters
• Smart Electric Meters
• Smart Water Maters

By Technology

• Advanced Metering Infrastructure (AMI)
• Automated Meter Reading (AMR)

By Application

• Residential
• Commercial
• Industrial

Company Profiles

• Aclara Technologies LLC
• Badger Meter, Inc.
• Eaton Corp.
• General Electric Co.
• Honeywell International, Inc.
• Itron Inc.
• Jabil Inc.
• Landis+Gyr AG
• QMC Inc.
• Siemens AG
• Schneider Electric SE
• Xylem Inc.

Reasons to Buying From us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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.

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