Along with the increase in replacement smart meter tasks, the advancement of clever metering innovation in the North American market has in the last number of years moved focus to serving brand-new demands beyond clever metering. The utilities are now seeking to leverage their existing network canopies for a broader array of clever city applications while likewise trying to figure out how to manage the integration of the quickly increasing variety of electric lorries and distributed energy resources into the grid facilities.
“The race has started in between the top vendors to establish and effectively commercialize the most attractive usage cases for second-wave smart metering technology. Increased computing power and edge analytics capabilities that make it possible for a brand-new set of advantages, energies are more and more looking to integrate multiple smart city applications into a single service”, concluded Mr. Carlsson.

A brand-new research study report from the IoT analyst firm Berg Insight exposes that the penetration of smart electricity meters in North America reached 74 percent in 2021.
Overall, the set up base of smart electrical energy meters will grow at a compound yearly growth rate of 4.8 percent during 2021– 2027 to reach an overall of 173.4 million units at the end of the projection duration. Over the next 6 years, the penetration of clever meters in the United States will increase to reach a level of 93 percent while the respective figure for the advanced Canadian market will be a little greater at 94 percent.
Mattias Carlsson, IoT Analyst at Berg Insight, stated:
” First-wave releases will continue to grow in the coming years and will be driven by the launch of major brand-new tasks by late adopters in the Northeastern United States and Eastern Canada. Second-wave rollouts for early adopters are now also ramping up and will grow their share of annual delivery volumes from around 12 percent in 2021 to around 75 percent by 2027.”
According to the research study, yearly deliveries of wise electrical energy meters in North America will grow from 10.7 million systems in 2021 to 17.3 million units in 2027. The Covid-19 pandemic had a noteworthy effect on deployments during 2020 with a year-over-year reduction of around 13 percent in yearly delivery volumes. The market has actually considering that experienced an increase in shipments and the variety of yearly deliveries is anticipated to peak in 2024 at 18.4 million units and afterwards a little reduce to a level of 17 million units up until completion of the forecast duration.