Smart Meter Installations to Reach 250 Million Worldwide by 2015

November 2, 2009

Electricity metering is undergoing its greatest transformation since the first meter was installed more than 120 year ago.  Advanced metering infrastructure (AMI), integrating two-way communications with energy measurement, is on the front lines of utility Smart Grid deployments, promising major energy savings by changing how and when customers use electricity.  According to a new report from Pike Research, more than 250 million smart meters will be installed worldwide by 2015, representing a penetration rate of 18% of all electrical meters by that time, up from 46 million in 2008.

“Smart meters are the vanguard of Smart Grid deployments,” says managing director Clint Wheelock.  “Current AMI rollouts are breaking the traditional 15-20 year meter replacement cycle, and represent an unprecedented effort to add intelligence and communications to electrical metering.”  Wheelock adds that, while Europe is currently the top region for smart meter adoption, North America will become the leading market in 2010, reaching 55% penetration of all electric meters by 2015.

Pike Research segments the smart meter market into two primary categories:  Basic meters, which transmit energy usage data over two-way communications networks, and Advanced meters, which include basic functionality in addition to remote disconnect and home area networking (HAN) capabilities.  The cleantech market intelligence firm forecasts that total smart meter shipments will reach 39.5 million units by 2015, representing a $3.9 billion global market.

Pike Research’s report, “Smart Meters”, examines global and regional Smart Meter trends, explores neighborhood-area and home-area communications technologies and standards, defines “Basic” versus “Advanced” meter capabilities, and provides detailed market forecasts by technology and world region.  Key vendors, standards, and deployments are profiled, offering a comprehensive window into the dynamic market for smart metering.  An Executive Summary of the report is available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets.  The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Renewable Energy, Clean Transportation, Clean Industry, Green Consumers, and Environmental Management sectors.  For more information, visit www.navigantresearch.com or call +1.303.997.7609.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Demand Response Capacity is Expected to Increase More than Six-Fold by 2023
September 17, 2014Market rules changes could place more risk on DR resources, report concludes • A new report from Navigant Research examines the global DR market with a focus…
Read More »
Homeowners Are Expected to Invest More Than $625 Billion in Residential Generation and Storage from 2014 to 2023
September 16, 2014The residential generation market is likely to expand as DER technologies mature, report concludes • Innovations in renewable distributed power generation, along with attractive new financing mechanisms, are providing…
Read More »
Pico Solar and Solar Home Systems Are Expected to Reach $2.1 Billion in Annual Revenue by 2024
September 11, 2014These systems provide new alternatives to kerosene lighting in the developing world, report finds • A recent report from Navigant Research analyzes the emerging global market for solar PV…
Read More »
Zero Energy Building Revenue Expected to Exceed $1.4 Trillion Annually by 2035
September 9, 2014Advances in building envelope technology are helping to drive the market, report concludes • Aiming to reduce energy costs and minimize the carbon footprint of their buildings, governments,…
Read More »
View All News

{"userID":"","pageName":"Smart Meter Installations to Reach 250 Million Worldwide by 2015","path":"\/newsroom\/smart-meter-installations-to-reach-250-million-worldwide-by-2015","date":"9\/17\/2014"}