The Installed Base of Smart Meters Will Surpass 1 Billion by 2022

November 11, 2013

Growth in the smart electric meter market has cooled during the last year, even though strong market drivers remain in place on which utilities can build a business case.  Although the direct operational and societal benefits of smart meters and the broader benefits of smart grids that are enabled by smart meters continue to be debated among policymakers, utilities, regulators, and consumers, penetration rates continue to climb, reaching nearly 39 percent in North America in 2012.  Click to tweet: According to a recent report from Navigant Research, the worldwide installed base of smart meters will grow from 313 million in 2013 to nearly 1.1 billion in 2022.

“It’s safe to say that the smart meter market has reached its first post-frenzy era – but this is a lull, not a permanent slowdown,” says Neil Strother, senior research analyst with Navigant Research.  “The one major exception is China, where the national 5-year plan involves not only new metering but also major upgrades to transmission systems, distribution networks, and generating capabilities.”

Deployments in North America will begin to recover after 2014, the study concludes, although the pace of new shipments is unlikely to match the levels witnessed in the recent past.  The growth in installed base will come primarily from medium-sized and smaller utilities that will shift to smart meters as they build business cases for upgrading their metering infrastructure.

The report, “Smart Meters”, examines the global market opportunity for smart electric meters, analyzing the drivers, market challenges, and technology issues that will shape the market over the coming decade.  The report provides market forecasts through 2022 for smart electric meter shipments, penetration rates, and revenue, segmented by region.  Key vendor profiles are also included.  An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Richard Martin

+1.303.493.5483

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Smart Meters,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

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
Automaker Revenue from Alternative Services Will Reach Nearly $5.3 Billion by 2023
April 23, 2014New offerings include carsharing services and home energy services, report finds • The adoption of plug-in electric vehicles (PEVs) is driving automakers to seek out new…
Read More »
Flexible Alternating Current Transmission Systems Will Surpass $5 Billion in Annual Revenue Worldwide by 2022
April 22, 2014FACTS technology can help solve demanding electricity transmission challenges, report concludes • The majority of electricity transmission systems in service today are high-voltage alternating current (HVAC)…
Read More »
Networking and Communications Equipment for Commercial Building Automation Systems Will Reach $34.7 Billion in Annual Revenue by 2021
April 17, 2014Web-based dashboards and IP-enabled devices are key market enablers, report finds • Offering automated, granular, real-time control of every major system within commercial buildings, networked building…
Read More »
Utility Investment in Conservation Voltage Reduction Will Total Nearly $4.5 Billion from 2014 to 2020
April 16, 2014Advanced CVR could save 40 million megawatt-hours annually, report concludes • One of the latent benefits of smart meter technology, or advanced metering infrastructure (AMI),…
Read More »
View All News

{"userID":"","pageName":"The Installed Base of Smart Meters Will Surpass 1 Billion by 2022","path":"\/newsroom\/the-installed-base-of-smart-meters-will-surpass-1-billion-by-2022","date":"4\/23\/2014"}