Market Share of US Residential Smart Meters Industry
The United States residential smart meters market is fragmented as the substantial increase in demand, coupled with government initiatives to increase the number of rollouts in the United States, is expected to increase the degree of competition amongst the market players to meet the increasing demand and some of the players include Badger Meter Inc., Mueller Systems LLC, Diehl Metering U.S., Kamstrup A/S, and Neptune Technology Group Inc.
- September 2023 - Xcel Energy announced the start of the rollout plan of smart electricity meters in its Wisconsin service territory. The installations will start in the company’s southern communities and will lead to the installation of more than 260,000 of the new smart meters in the service area through 2025.
- May 2023 - Honeywell made an announcement regarding the introduction of its Next Generation Cellular Module (NXCM). This module offers an exceptional solution known as Advanced Metering Infrastructure (AMI), which allows for transforming outdated gas meters into smart meters without additional infrastructure expenditure. The remarkable aspect of this module lies in its ability to establish wireless connectivity between meters using existing public cellular networks. Consequently, utility providers and their customers can benefit from improved monitoring, safety, and analytics capabilities.
US Residential Smart Meters Market Leaders
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Badger Meter Inc.
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Mueller Systems LLC
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Diehl Metering U.S.
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Kamstrup A/S
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Neptune Technology Group Inc.
*Disclaimer: Major Players sorted in no particular order
