North American Smart Meters Market to Reach $19.3 Billion by 2035

North American smart meters market was valued at $7.8 billion in 2025 and is projected to reach $19.3 billion by 2035, growing at a CAGR of 9.5% from 2026 to 2035. The North American smart meters market is evolving alongside broader efforts to modernize utility infrastructure and improve grid visibility. Utilities are increasingly adopting advanced metering systems to enable real-time monitoring, remote operations, and more accurate consumption tracking. This shift is closely linked to the transition toward digital grid environments, where data-driven decision-making plays a central role in improving reliability and service quality. Integration with distributed energy resources, including rooftop solar and energy storage systems, is also influencing deployment patterns. As utilities manage more complex and decentralized energy flows, smart meters are becoming essential components in maintaining system balance and operational efficiency.

Browse the full report description of “North American Smart Meters Market Size, Share & Trends Analysis Report, By Product Type (Smart Electricity Meters, Smart Gas Meters, Smart Water Meters), By Communication Technology (Power Line Communication (PLC), Radio Frequency (RF Mesh), Cellular, Hybrid Communication Systems), By Technology Architecture (Advanced Metering Infrastructure (AMI), Automatic Meter Reading (AMR)), By Application (Residential, Commercial, and Industrial), Forecast Period (2026–2035)” at https://www.omrglobal.com/industry-reports/north-american-smart-meters-market

Another key factor shaping the market is the growing emphasis on communication technologies and data management capabilities within metering systems. Utilities are prioritizing solutions that support secure and reliable data transmission across diverse network conditions. This has led to increased use of hybrid communication models and enhanced cybersecurity measures within metering infrastructure. In parallel, the expansion of smart water and gas metering is contributing to a more comprehensive approach to resource management. Regulatory frameworks focused on energy efficiency and service transparency continue to guide adoption, while ongoing system upgrades reflect a long-term shift toward more connected and responsive utility networks.

Competitive Landscape of the Smart Meters Market

The key players in the smart meters market are Itron Inc., Landis+Gyr Group AG, Honeywell International Inc., Schneider Electric SE, and Siemens AG., among others. The competitive landscape is shaped by established technology providers that supply integrated metering hardware, communication systems, and data management platforms to utility operators. These companies support large-scale deployment of smart electricity, gas, and water metering solutions across modernization programs. Their focus remains on improving grid visibility, enhancing operational efficiency, and enabling secure data exchange within utility networks. Continuous investment in digital infrastructure and interoperability standards further strengthens their role in advancing utility transformation initiatives.

• In July 2025, Landis+Gyr announced the deployment of its Gridstream Connect advanced metering and grid edge sensing solution for Withlacoochee River Electric Cooperative in Florida, United States. The project includes the installation of smart electricity meters integrated with RF mesh and cellular communication systems to improve real-time monitoring, outage management, and distribution efficiency. It also enhances data visibility for utilities through grid edge analytics and supports broader modernization of the distribution network. The initiative reflects ongoing adoption of advanced metering infrastructure across North American utilities focused on digital grid transformation and operational reliability.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segment Covered-
  • By Product Type
  • By Communication Technology
  • By Technology Architecture
  • By Application
• Competitive Landscape - Itron Inc., Landis+Gyr Group AG, Honeywell International Inc., Schneider Electric SE, and Siemens AG., among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Smart Meters Market Report Segment

By Product Type

• Smart Electricity Meters
• Smart Gas Meters
• Smart Water Meters

By Communication Technology

• Power Line Communication
• Radio Frequency
• Cellular
• Hybrid Communication Systems

By Technology Architecture

• Advanced Metering Infrastructure
• Automatic Meter Reading

By Application

• Residential
• Commercial
• Industrial

North American Smart Meters Market Report Segment by Country

• United States
• Canada

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