has widely been adopted since its inception. North America and Europe are the regions that have
much embraced this technology. It is less costly when compared to the Advanced Metering
Infrastructure (AMI) and, hence, has a high market size.
North America: The leading market for smart meters
The North American market dominates the smart meters market during the forecast period. In
North America, the growth of the smart meters market can be attributed to focus on electricity,
water, & gas, monitoring & prevention of leakage, and the repair & upgrade of aging
infrastructure. Lot of smart meters rollouts are taking place in countries such as the U.S., Canada,
and Mexico which would impart growth in the North American region.
To provide an in-depth understanding of the competitive landscape, the report includes profiles
of some of the leading players in the smart meters market, namely, Itron, Inc. (U.S.), Kamstrup A/S
(Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), and Toshiba
Corporation (Japan). Leading players are trying to penetrate the markets in developing
economies and are adopting various strategies to increase their market share.
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