North America Smart Metering Industry Report 2025 | Leading Firms Itron and Landis+Gyr Drive North America's Smart Meter Evolution

Core Insights - The report "Smart Metering in North America - 7th Edition" highlights the growing deployment of smart metering as a foundation for future smart grids, with significant initiatives in both developed and developing countries [1] - North America is projected to see a compound annual growth rate of 2.9% in the installed base of smart electricity meters from 152.4 million in 2024 to 180.9 million by 2030 [3][5] Market Overview - Asia-Pacific is the largest market for smart metering, while North America ranks third after Europe, with both regions experiencing a surge in smart metering projects in the past decade [2] - The penetration rate of smart electricity meters in North America is expected to rise from 82% in 2024 to over 91% by 2030, primarily driven by large investor-owned utility projects [7] Regional Insights - The installed base of smart electricity meters in the US reached 136.9 million in 2024, while Canada had 15.5 million [3] - Canada currently has a higher penetration of smart electricity meters compared to the US, but this gap is expected to narrow by 2030, with projected rates of 97% for Canada and 91% for the US [4] Industry Dynamics - Major players in the North American smart metering market include Itron, Landis+Gyr, and Aclara, with Itron holding a 35% market share and Landis+Gyr at 32% [8] - The market is characterized by a shift towards wireless RF technologies, which dominate installations in both electricity and gas sectors [9] Technology Trends - The report discusses the evolution of communication technologies for smart metering, highlighting the preference for RF mesh networks, particularly Wi-SUN-based systems [10] - Cellular communications have seen limited adoption due to cost concerns, but interest in private cellular networks is growing, potentially enhancing their role in smart metering [12] Future Outlook - The second wave of smart metering deployments is anticipated, with early adopters expected to account for nearly 75% of annual shipment volumes by the end of the forecast period [7] - Increasing investments in distribution automation, electric vehicle charging infrastructure, and smart streetlighting are driving the need for further synergies in smart metering applications [14]