Digital Energy: Smart Meter Market Transforming the US Utility Landscape

The Smart Meter market in the U.S. is a thriving sector within the global market that is expected to grow at a significant growth rate due to Implementation of climate change policies and rising investments in smart grid infrastructures. Among the end use industries, Residential Sector is anticipated to dominate in the U.S. market due to the Improved Billing Accuracy and Benefits in Real Time Monitoring. The growing power consumption drives the demand for smart meters from the residential sector due to the increased use of home appliances. Smart meters can provide accurate and detailed usage data, which can help to eliminate billing disputes between homeowners and utility companies. In turn, using these smart meters can provide real-time usage data, enabling homeowners to identify patterns and reduce energy consumption.