According to data compiled by the U.S. Energy Information Administration (EIA), nearly half of all U.S. electricity customers have smart meters. Installations of smart meters have more than doubled since 2010, and they are still increasing year-over-year. Berg Insight, a research firm focusing on IoT, predicts North American smart meters to increase by 8.0% per annum between now and 2024 reaching an estimated 142.8 million units.