North America Smart Meter Market Size & Outlook, 2026-2033

The smart meter market in North America is expected to reach a projected revenue of US$ 13,156.1 million by 2033. A compound annual growth rate of 5.6% is expected of North America smart meter market from 2026 to 2033.
Revenue, 2025 (US$M)
$8,203.8
Forecast, 2033 (US$M)
$13,156.1
CAGR, 2026 - 2033
5.6%
Report Coverage
North America

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North America smart meter market, 2021-2033 (US$M)

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North America smart meter market highlights

  • The North America smart meter market generated a revenue of USD 8,203.8 million in 2025.
  • The market is expected to grow at a CAGR of 5.6% from 2026 to 2033.
  • In terms of segment, smart electric meter was the largest revenue generating type in 2025.
  • Smart Water Meter is the most lucrative type segment registering the fastest growth during the forecast period.
  • Country-wise, Mexico is expected to register the highest CAGR from 2026 to 2033.


North America data book summary

Market revenue in 2025USD 8,203.8 million
Market revenue in 2033USD 13,156.1 million
Growth rate5.6% (CAGR from 2026 to 2033)
Largest segmentSmart electric meter
Fastest growing segmentSmart Water Meter
Historical data covered2021 - 2024
Base year for estimation2025
Forecast period covered2026 - 2033
Quantitative unitsRevenue in USD million
Market segmentationSmart Electric Meter, Smart Water Meter, Smart Gas Meter
Key market players worldwideSiemens AG, Honeywell International Inc, ABB Ltd, Larsen & Toubro Ltd DR, Xylem Inc, Sagemcom, Shenzhen Kaifa Technology, Itron Inc, Landis+Gyr Group AG, Wasion Holdings Ltd


Other key industry trends

  • In terms of revenue, North America region accounted for 26.5% of the global smart meter market in 2025.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 24,843.8 million by 2033.

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Smart Meter Market Companies

Name Profile # Employees HQ Website
Shenzhen Kaifa Technology View profile 10001+ Shenzhen, Guangdong, China, Asia https://en.kaifa.cn
Wasion Holdings Ltd View profile 4929 168-200 Connaught Road Central, Unit 2605, 26th Floor, West Tower, Shun Tak Centre, Hong Kong, Hong Kong https://www.wasion.com
Sagemcom View profile 5001-10000 Rueil-malmaison, Ile-de-France, France, Europe http://www.sagemcom.com/
Landis+Gyr Group AG View profile 7750 Alte Steinhauserstrasse 18, Cham, Switzerland, CH-6330 https://www.landisgyr.com
Larsen & Toubro Ltd DR View profile 330955 Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 https://www.larsentoubro.com
Itron Inc View profile 5859 2111 North Molter Road, Liberty Lake, WA, United States, 99019 https://www.itron.com
Xylem Inc View profile 23000 300 Water Street SE, Washington, DC, United States, 20003 https://www.xylem.com
Honeywell International Inc View profile 95000 855 South Mint Street, Charlotte, NC, United States, 28202 https://www.honeywell.com
Siemens AG View profile 321000 Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 https://www.siemens.com
ABB Ltd View profile 108700 Affolternstrasse 44, Zurich, Switzerland, 8050 https://www.abb.com

North America smart meter market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart meter market will help companies and investors design strategic landscapes.


Smart electric meter was the largest segment with a revenue share of 72.06% in 2025. Horizon Databook has segmented the North America smart meter market based on smart electric meter, smart water meter, smart gas meter covering the revenue growth of each sub-segment from 2021 to 2033.


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Horizon Databook provides a detailed overview of continent-level data and insights on the North America smart meter market , including forecasts for subscribers. This continent databook contains high-level insights into North America smart meter market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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North America smart meter market size, by country, 2021-2033 (US$M)

North America Smart Meter Market Outlook Share, 2025 & 2033 (US$M)

North America smart meter market size, by country, 2021-2033 (US$M)

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