The penetration rate of smart electric meters in North America will reach 91% by 2030.
Smart meters are widely recognized as the foundation for future smart grids and are currently being deployed across advanced countries. Additionally, large-scale initiatives are increasing in developing countries. The Asia-Pacific region forms the largest market on an overwhelming scale, while North America ranks third after Europe. Berg Insight predicts that the number of smart electric meters installed in North America will increase at an average annual growth rate of 2.9% throughout the forecast period, reaching 180.9 million units by 2030, up from 152.4 million units in 2024. The number of smart electric meters installed in the United States is expected to reach 136.9 million units in 2024, while Canada is projected to have 15.5 million units installed in the same year. Although the penetration rate of smart electric meters is higher in Canada than in the United States, this gap is expected to continue to narrow by 2030, with penetration rates in both countries projected to be 97% and 91%, respectively. [Contents] - Smart Grid and Intelligent Meters - IoT Networks and Communication Technologies - Key Companies in the Smart Meter Industry - Market Overview - Market Forecasts and Trends - Case Studies
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Publisher: Berg Insights Publication Month: July 2025 Report Language: English *For more details, please visit our website or refer to the sample materials.
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Data Resource Co., Ltd. provides valuable information and analytical data for business strategy planning, including the latest market information on telecommunications, computers, electronics, energy, and automotive-related sectors worldwide, as well as competitor strategies, the development of new technologies and services, regulations, and intellectual property.