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Smart Meters in the US Procurement Price, Data and Insights
Smart meters, which are also referred to as advanced metering infrastructure (AMI), mainly consist of electrical (or water and gas) meters that digitally report consumption information to utility providers at regular intervals. Smart meters also allow the utility to transmit information to the meter. This information is used for measurement, data collection, and consumption analysis of electricity, as well as for monitoring and billing purposes. Manufacturers are the most common type of suppliers, and key buyers include government agencies, construction firms, utility companies, and households.
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What’s included in this market coverage
IBISWorld's research coverage on the Smart Meters procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Smart Meters market in the United States includes Universal Smart Meters, Three Phase Meters, Mini-Grid Meters, Advanced Mult-Phase Meters, Industrial Meters and High-End Electrical Meters. Standard coding in this coverage includes HS-9028-Gas, Liquid Or Electricity Supply Or Production Meters, Including Calibrating Meters Therefor, ISIC-2651-Manufacture of measuring, testing, navigating and control equipment, NACE-27.90-Manufacture Of Other Electrical Equipment, NAICS-334514-Totalizing Fluid Meter and Counting Device Manufacturing and UNSPSC-41113708-Power meters.
What common market terminology is included?
Common market terminology included in the Smart Meters procurement coverage includes Opt-Out Programs (Programs put in place by states that have moved over to the smart grid system, but wish to allow older meters to remain in place or be reinstalled should customers refuse to adopt smart meters.), Smart Grid (An electricity supply network that uses digital communications technology to detect, record and react to changes in usage.) and Radio Frequency (A band of telecommunication frequency that is typically used for two-way communication.).
What companies are included as top suppliers?
The top companies covered in the Smart Meters procurement report as suppliers are W.W. Grainger, Inc., Home Depot, Inc., Xylem Inc., Abb Ltd and Honeywell International Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Smart Meters market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per meter, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Smart Meters market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Smart Meters procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Smart Meters market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Smart Meters market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Smart Meters?
The 2026 benchmark market price for Smart Meters is $338 per meter. Prices have increased at a CAGR of 0.5 from 2023-26.
Who are the top vendors in the Smart Meters market?
The top vendors in the Smart Meters market include W.W. Grainger, Inc., Home Depot, Inc., Xylem Inc., Abb Ltd and Honeywell International Inc..
What industries supply the Smart Meters market?
The top industries supplying the Smart Meters market are Plastic Products Miscellaneous Manufacturing in the US, Plastic & Resin Manufacturing in the US, Semiconductor & Circuit Manufacturing in the US, Aluminum Manufacturing in the US, Chemical Product Manufacturing in the US, Wire & Cable Manufacturing in the US, Iron & Steel Manufacturing in the US and Steel Rolling & Drawing in the US.
What is the supply chain risk for Smart Meters?
High market concentration increases supplier power despite a low vendor risk profile. The smart meters market is highly concentrated, with a limited number of large manufacturers and technology providers dominating global supply. Vendor risk is low due to strong financial stability, regulatory alignment, and established utility relationships. However, this structure strengthens supplier leverage and limits competitive pricing pressure. Buyers should anticipate firm commercial terms and prioritize long-term agreements, competitive benchmarking, and multi-vendor frameworks where feasible to maintain negotiating leverage.
What factors affect the price of Smart Meters?
Features such as communication capabilities, data analytics, and compatibility with renewable energy sources significantly impact the pricing of smart meters. For example, advanced features like real-time data reporting and integration with smart home systems can justify higher prices due to their enhanced functionality and the potential for improved energy management for users.
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