U.S. Meter Sockets Market to 2032
Overview
The U.S. Meter Sockets Market is expected to reach a 10.82 USD Billion by 2032 and is projected to grow at a CAGR of 6.33% from 2025 to 2032.
Revenue, 2024 (USD Billion)
6.56
Forecast, 2032 (USD Billion)
10.82
CAGR, 2024 - 2032
6.33%
Report Coverage
North America
U.S. Meter Sockets Market 2018-2032 USD Billion
U.S. Meter Sockets Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 6.56 USD Billion
- Projected Market Size (2032): 10.82 USD Billion
- CAGR (2025-2032): 6.33%
Key Findings of U.S. Meter Sockets Market
- The U.S. Meter Sockets Market was valued at 10.82 USD Billion in 2024.
- The U.S. Meter Sockets Market is likely to grow at a CAGR of 6.33% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Indirect in Distribution Channel Segment accounted for the largest share of the market with a revenue of 4.00 USD Billion
- The fastest growing segment Self-Contained Meter Socket (200A, 320A) in Product Type Segment grew Fastest with a CAGR of 7.91% during the forecast period from 2024 to 2032.
U.S. Meter Sockets Market Scope
U.S. Meter Sockets Market Segmentation & Scope
Application
- Others
- Public Area
- Industrial
- Commercial
- Residential
Material
- Plastic
- Composite
- Metal
Rating
- Up to 100 Amp
- Above 400 Amp
- 200-400 Amp
- 100-200 Amp
Number of Jaws
- Others
- 8 Jaws
- 7 Jaws
- 6 Jaws
- 5 Jaws
- 4 Jaws
Mounting
- Semi-Flush
- Surface
- Flush
Distribution Channel
- Direct
- Indirect
Phase
- Three Phase
- Single Phase
Product Type
- Multi-Position Meter Sockets
- Lever Bypass Socket (200A, 320A)
- Side-Bussed/Side Wireway Meter Sockets
- Meter Pedestals
- Transocket
- Meter Main With Load Center/Disconnect
- Self-Contained Meter Socket (200A, 320A)
- Transformer-Rated Meter Socket
U.S. Meter Sockets Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 6.56 USD Billion |
| Market Value in 2032 | 10.82 USD Billion |
| CAGR (2025-2032) | 6.33% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Material,Rating,Number of Jaws,Mounting,Distribution Channel,Phase,Product Type |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 6.56 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 6,556.20 USD Million in 2024.
Segments and Scope
-
U.S. Meter Sockets Market to 2032, By Application
- Residential is the largest segment in U.S. Meter Sockets Market to 2032 with a revenue of 2.80 USD Billion in the year 2024.
- Residential is the Fastest growing segment in U.S. Meter Sockets Market to 2032 with a Growth rate of 7.13 % in forecast period 2025-2032.
-
U.S. Meter Sockets Market to 2032, By Material
- Metal is the largest segment in U.S. Meter Sockets Market to 2032 with a revenue of 3.63 USD Billion in the year 2024.
- Metal is the Fastest growing segment in U.S. Meter Sockets Market to 2032 with a Growth rate of 6.67 % in forecast period 2025-2032.
-
U.S. Meter Sockets Market to 2032, By Rating
- 100-200 Amp is the largest segment in U.S. Meter Sockets Market to 2032 with a revenue of 2.82 USD Billion in the year 2024.
- 100-200 Amp is the Fastest growing segment in U.S. Meter Sockets Market to 2032 with a Growth rate of 7.05 % in forecast period 2025-2032.
-
U.S. Meter Sockets Market to 2032, By Number of Jaws
- 4 Jaws is the largest segment in U.S. Meter Sockets Market to 2032 with a revenue of 2.38 USD Billion in the year 2024.
- 4 Jaws is the Fastest growing segment in U.S. Meter Sockets Market to 2032 with a Growth rate of 7.39 % in forecast period 2025-2032.
-
U.S. Meter Sockets Market to 2032, By Mounting
- Flush is the largest segment in U.S. Meter Sockets Market to 2032 with a revenue of 3.76 USD Billion in the year 2024.
- Flush is the Fastest growing segment in U.S. Meter Sockets Market to 2032 with a Growth rate of 6.61 % in forecast period 2025-2032.
-
U.S. Meter Sockets Market to 2032, By Distribution Channel
- Indirect is the largest segment in U.S. Meter Sockets Market to 2032 with a revenue of 4.00 USD Billion in the year 2024.
- Indirect is the Fastest growing segment in U.S. Meter Sockets Market to 2032 with a Growth rate of 6.66 % in forecast period 2025-2032.
-
U.S. Meter Sockets Market to 2032, By Phase
- Single Phase is the largest segment in U.S. Meter Sockets Market to 2032 with a revenue of 3.68 USD Billion in the year 2024.
- Single Phase is the Fastest growing segment in U.S. Meter Sockets Market to 2032 with a Growth rate of 6.66 % in forecast period 2025-2032.
-
U.S. Meter Sockets Market to 2032, By Product Type
- Self-Contained Meter Socket (200A, 320A) is the largest segment in U.S. Meter Sockets Market to 2032 with a revenue of 2.15 USD Billion in the year 2024.
- Self-Contained Meter Socket (200A, 320A) is the Fastest growing segment in U.S. Meter Sockets Market to 2032 with a Growth rate of 7.91 % in forecast period 2025-2032.
U.S. Meter Sockets Market Company Share Analysis
U.S. Meter Sockets Market Geographical Sales Distribution, 2018-2032 USD Billion
U.S. Meter Sockets Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The U.S. Meter Sockets Market is segmented based on Segmentation Application,Material,Rating,Number of Jaws,Mounting,Distribution Channel,Phase,Product Type.
U.S. Meter Sockets Market was valued at USD 6.56(Revenue in USD Billion) in 2022.
U.S. Meter Sockets Market is projected to grow at a CAGR of 6.33% during the forecast period of 2024 to 2032.
The Indirect segment is expected to dominate the U.S. Meter Sockets Market, holding a largest market share of 4.00 USD Billion in 2024
U.S. Meter Sockets Market Scope
U.S. Meter Sockets Market Segmentation & Scope
Application
- Others
- Public Area
- Industrial
- Commercial
- Residential
Material
- Plastic
- Composite
- Metal
Rating
- Up to 100 Amp
- Above 400 Amp
- 200-400 Amp
- 100-200 Amp
Number of Jaws
- Others
- 8 Jaws
- 7 Jaws
- 6 Jaws
- 5 Jaws
- 4 Jaws
Mounting
- Semi-Flush
- Surface
- Flush
Distribution Channel
- Direct
- Indirect
Phase
- Three Phase
- Single Phase
Product Type
- Multi-Position Meter Sockets
- Lever Bypass Socket (200A, 320A)
- Side-Bussed/Side Wireway Meter Sockets
- Meter Pedestals
- Transocket
- Meter Main With Load Center/Disconnect
- Self-Contained Meter Socket (200A, 320A)
- Transformer-Rated Meter Socket
Frequently Asked Questions
The U.S. Meter Sockets Market is segmented based on Segmentation Application,Material,Rating,Number of Jaws,Mounting,Distribution Channel,Phase,Product Type.
U.S. Meter Sockets Market was valued at USD 6.56(Revenue in USD Billion) in 2022.
U.S. Meter Sockets Market is projected to grow at a CAGR of 6.33% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Meter Sockets Market for final year is USD 10.82 (USD Billion).
U.S. Meter Sockets Market Company Profiling
Frequently Asked Questions
The U.S. Meter Sockets Market is segmented based on Segmentation Application,Material,Rating,Number of Jaws,Mounting,Distribution Channel,Phase,Product Type.
U.S. Meter Sockets Market was valued at USD 6.56(Revenue in USD Billion) in 2022.
U.S. Meter Sockets Market is projected to grow at a CAGR of 6.33% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Meter Sockets Market for final year is USD 10.82 (USD Billion).
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