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US Smart Meters Market 2023 Driving Factors Forecast Research 2029

01-10-2023 08:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

US Smart Meters Market

US Smart Meters Market

US smart meters market is estimated to grow at a CAGR of 5.5% during the forecast period. The market is backed by significant installations of smart meters in the country. In 2018, the US utilities witnessed nearly 86.8 million advanced metering infrastructure (AMI) installations. Out of this, 88% of the installations were in the residential sector. In 2017, there were 1,308,715 miles of distribution mains, and 927,012 miles of service lines in operation in the US. Moreover, supportive government initiatives towards the installation of smart meters in the US further provide opportunities to the market. The government in the country is taking various steps to install smart meters in every household and industry to curb the utility theft which is done by meter tampering.

Get Free Sample link @ https://www.omrglobal.com/request-sample/us-smart-meters-market

The US market for smart meters is segregated on the basis of product type, technology, and application. Based on the product type, the market is classified into smart gas meters, smart electric meters, and smart water meters. The smart electric meter segment is projected to have a considerable share in the market. Based on the technology, the market is segmented into Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR). The AMI Segment held a significant share in the market. On the basis of application, the market is segregated into residential, commercial, and industrial. The residential segment is projected to hold a significant share in the market owing to the growing demand for smart grid solutions for utilities in US households.

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

• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

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

The Report Covers
• Comprehensive research methodology of the US smart meters market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US smart meters market.
• Insights about market determinants that are stimulating the US smart meters market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/us-smart-meters-market

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.

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

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