With increasing efforts to modernize the electricity grid and reduce transmission and distribution losses, governments across North America are investing in advanced metering infrastructure, which may drive the smart grid market during the forecast period.The installation of smart meters in the United States reached 111 million by the end of 2021, driven by the successful implementation of government policies and support for grid development.In 2021, the Government of Canada, under its Smart Renewables and Electrification Pathways Program (SERPs), announced the provision of up to USD 964 million over four years for smart renewable energy and grid modernization projects.AMI (Advanced Metering Infrastructure) devices are expected to witness a significant growth rate due to the grid modernization efforts taken up by the state and federal governments across the region.Residential customers accounted for about 88% of total AMI installations, and about 69% of total residential electric meters were AMI meters. ![]()
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