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
Energy Efficient Intelligent Building Technologies and Services are Foundational to the Building2Grid Concept
Automation and control technologies directed by sophisticated software analytics and services are critical for business opportunities developing with the Energy Cloud • A new white paper from Navigant Research analyzes survey results from 202 respondents on…
Read More »
Offshore Wind Capacity Reached Nearly 12 GW by the End of 2015
Key markets include Germany, the United Kingdom, the Netherlands, and China • A recent report from Navigant Research examines the major offshore wind markets, with wind…
Read More »
Global Sales of High-Bay Luminaires and Lamps Are Expected to Total Nearly $20.4 Billion by 2024
The falling prices of light-emitting diode luminaires and lamps are critical to an increasing adoption rate • A recent report from Navigant Research examines the market for industrial and high-bay lighting…
Read More »
Annual Revenue from Outdoor Lighting Controls Is Expected to Reach $1.3 Billion by 2025
Falling LED prices and adoption of intelligent controls are driving growth in outdoor lighting systems • A new report from Navigant Research analyzes the global market for outdoor lighting and…
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":"9\/29\/2016"}