North America Smart Meter Market Size & Outlook, 2026-2033
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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 2025 | USD 8,203.8 million |
| Market revenue in 2033 | USD 13,156.1 million |
| Growth rate | 5.6% (CAGR from 2026 to 2033) |
| Largest segment | Smart electric meter |
| Fastest growing segment | Smart Water Meter |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Electric Meter, Smart Water Meter, Smart Gas Meter |
| Key market players worldwide | Siemens 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 Scope
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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Target buyers of North America smart meter market databook
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Our clientele includes a mix of smart meter market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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.
Partial client list
North America smart meter market size, by country, 2021-2033 (US$M)
North America Smart Meter Market Outlook Share, 2025 & 2033 (US$M)
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