The North America Smart Meter Intelligence Market size is anticipated to grow at around 8.21% CAGR during the forecast period, i.e., 2021-26 According to MarkNtel Advisors Study.
North America Smart Meter Intelligence Market Driver:
Pressing Need for Transparency in Bill Generation: Smart meters help measure the real-time consumption of electricity, water, gas, etc. The deployment of smart meters across residential & commercial sectors is increasing astronomically due to their numerous benefits, including transparency in bill generation that reduces the risk of power outages & other issues.
The adoption of Smart meters facilitates billing accuracy across various sectors, including data centers, government buildings, and private offices. Besides enhancing billing accuracy, these meters help reduce utility thefts and alleviate line losses. Hence, all these factors are anticipated to drive the market in the coming years.
Other Market drivers include:
Introduction of features like Smart Pay for consumer convenience
Burgeoning residential constructions
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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North America Smart Meter Intelligence Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2020
-Historical Period: 2016 to 2019
-Forecast Period: 2021 to 2026
- By Type of Meter
- Smart Electric Meters
- Smart Gas Meters
- Smart Water Meters
- By Analytical Tool
- Descriptive Analytics
- Preventive Analytics
- Predictive Analytics
- Diagnostic Analytics
- Others
- By Technology
- Advanced Metering Infrastructure(AMI)
- Automated Meter Reading (AMR)
- By Data Storage
- Cloud Based
- On Premise
- By Security Type
- Network Security
- Internet Security
- End Point Security
- Cloud based security
- Application Security
- Others
- By End User
- Residential
- Industry
- Commercial
- By Purpose
- Demand & Supply Forecasting
- Load Forecasting
- Grid Management
- Load Management
- Risk Management
- Pricing Management
- Preventive Maintenance
- Regulatory Reporting
- Improving Customer Experience
- Demand & Supply Forecasting
- By Country
- The US
- Canada
- Mexico
Competitive Landscapes
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Microsoft, General Electric, IBM, SAS, Itron, Oracle, Innowatts, Cyient, C3 AI, OmniSci, Sagewell, Landis +Gyr, Siemens, Grid4C, OSIsoft. are looking forward to strengthening their market positions.
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We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
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