The us smart meter market size is expected to reach USD 7.87 Billion by 2034, according to a new study by Polaris Market Research. The report “US Smart Meter Market Size, Share, Trends, & Industry Analysis By Component (Hardware and Software), By Type, By Technology, By End Use, and By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The U.S. smart meter market is expanding due to the rising need for efficient and data-driven solutions for managing energy, water, and gas services. Advanced meters reduce operational costs, improve billing accuracy, and support more reliable delivery of utility providers. These systems offer real-time data and remote monitoring capabilities, allowing providers to respond quickly to outages, track consumption patterns, and manage demand more effectively.
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US smart meter market is growing, fueled by strong policy support, grid modernization programs, and rising adoption of electric vehicles and rooftop solar systems. Utilities shifting toward dynamic and flexible energy models increasingly rely on smart meters to improve operational efficiency and promote sustainable resource management. States across the country are investing in these systems to improve infrastructure, streamline operations, and prepare for future energy needs.
By Component Outlook (Revenue, USD Billion, 2020–2034)
By Type Outlook (Revenue, USD Billion, 2020–2034)
By Technology Outlook (Revenue, USD Billion, 2020–2034)
By End Use Outlook (Revenue, USD Billion, 2020–2034)