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
Grid-Scale Energy Storage Systems Launched In 2013-2014 Total More Than 360 Megawatts
September 30, 2014Lithium ion systems have crossed a threshold in terms of deployments, report finds • A new report from Navigant Research provides a comprehensive resource of grid-scale energy storage…
Read More »
Microgrid Enabling Technologies Are Expected to Exceed $26 Billion in Annual Revenue by 2023
September 29, 2014Advanced energy storage on track to become a key emerging technology for the microgrid market, report concludes • A new report from Navigant Research analyzes the global market for significant microgrid enabling…
Read More »
Investment in Building Energy Management for Small and Medium-Sized Buildings is Expected to Total Nearly $6.1 Billion From 2014 to 2022
September 24, 2014New regulations and the adoption of enterprise energy management are driving market growth, report finds • A new report from Navigant Research analyzes the global market for building energy management…
Read More »
Revenue from Smart Waste Technology is Expected to Exceed $42 Billion From 2014-2023
September 23, 2014Waste is becoming a strategic renewable resource, report finds • A new report from Navigant Research analyzes the global market for smart waste technologies,…
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":"10\/1\/2014"}