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Smart Meter Manufacturing in the US - Industry Market Research Report

Publisher IBISWorld
Published Feb 19, 2025
Length 42 Pages
SKU # IBSS19911477

Description

Smart Meter Manufacturing in the US

The industry has experienced growth through the end of 2023, fueled by rising demand for a modernized power grid and aggressive adoption of the technology nationwide. In addition to improving residential construction activity, demand for smart meters has benefited from a greater number of utilities converting to smart grids. Grid modernization is quickly becoming a core emphasis across energy industries, buoyed by government support and consumer demand for cost and energy-saving technologies. Still, revenue decreased at a CAGR of 0.3% to $6.2 billion through the end of 2023, including an expected 1.0% decrease in 2023 primarily because of falling demand from the housing market.

This industry manufactures smart meters, which are electrical, gas or water meters that record consumption information in intervals of an hour or less and communicate this information back to the utility for monitoring and billing purposes. Smart meters enable two-way communication between the meter and the central system.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."

Table of Contents

42 Pages


ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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