Market Data: Smart Meters

Smart Electric Meters, Advanced Metering Infrastructure, and
Meter Communications: Global Market Analysis and Deployment Forecast

Smart meters could be dubbed the original smart grid device. More than a decade after the earliest models of communicating electric meters were deployed, the market for advanced metering infrastructure (AMI, or smart meters) remains strong and growing. The global smart meter market is extending its reach as projects in emerging markets begin to gain traction. Meanwhile, developed markets remain active.

Within the United States, the rate of project announcements has slowed, but new deployments continue among late adopters. Across Western Europe, utilities and retailers in Spain, France, and the United Kingdom have large-scale deployments underway. Eastern European countries like Estonia, Poland, and Romania will also support smart meter growth. In Asia Pacific, China is nearing the end of its massive smart meter rollout, but India is beginning its program and utilities in Japan are expected to install around 80 million smart meters by 2025. Australia, New Zealand, Malaysia, and Taiwan are all in varying stages of smart meter deployments. Latin America and the Middle East & Africa are also experiencing increased activity after a slow entry into the smart meter market. Navigant Research expects the global penetration of smart meters to climb from approximately 30% at the end of 2016 to 53% by the end of 2025, leaving considerable upside in the market in the years beyond.

This Navigant Research report examines the global market opportunity for smart electric meters, with a focus on AMI communications technologies. The study provides market forecasts through 2025 for smart electric meter installed bases, as well as shipments and the associated revenue. Forecasts are segmented by region and technology, including cellular, radio frequency (RF) mesh, point-to-multipoint, power line communication (PLC), and other (e.g., fiber and Wi-Fi). The report also examines the key global market drivers and barriers related to smart metering.

Key Questions Addressed:
  • What market forces are shaping the global smart electric meter market?
  • How many electric meters will be installed through 2025?
  • How many smart meters will be installed through 2025?
  • How many smart meters will be shipped through 2025?
  • What is the size of the revenue opportunity for smart electric meters?
  • How will the market for smart meters evolve across the global regions?
Who needs this report?
  • Utilities and grid operators
  • Smart electric meter manufacturers
  • Electric meter communications module vendors
  • Meter component suppliers
  • Electric utility regulators
  • Industry associations
  • Investor community

Table of Contents

1. Executive Summary

1.1      Introduction

1.2      Market Forecast

2. Data Assumptions

2.1      Forecast Methodology

2.2      Smart Meter Definition and Evolution

2.3      Market Drivers

2.4      Market Barriers

3. Market Forecasts

3.1      Introduction

3.2      North America

3.2.1     United States

3.2.2     Canada

3.3      Europe

3.4      Asia Pacific

3.5      Latin America

3.6      Middle East & Africa

3.7      Conclusions and Recommendations

4. Acronym and Abbreviation List
5. Table of Contents
6. Table of Charts and Figures
7. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Smart Meter Revenue by Region, World Markets: 2016-2025
  • Smart Meter Revenue and ASPs, North America: 2016-2025
  • Smart Meter Installed Base by Utility Type, United States: 2016-2025
  • Smart Meter Revenue and ASPs, Europe: 2016-2025
  • Smart Meter Revenue and ASPs, Asia Pacific: 2016-2025
  • Smart Meter Revenue and ASPs, Latin America: 2016-2025
  • Smart Meter Revenue and ASPs, Middle East & Africa: 2016-2025
  • Electric Meter Installed Base by Region, World Markets: 2016-2025
  • Smart Meter Installed Base by Region, World Markets: 2016-2025
  • Smart Meter Penetration Rate of All Electric Meters by Region, World Markets: 2016-2025
  • Smart Meter Shipments by Region, World Markets: 2016-2025
  • Smart Meter Shipments and Installed Base Penetration Rate, United States: 2016-2025
  • Smart Meter Shipments and Installed Base Penetration Rate, Canada: 2016-2025
  • Smart Meter Shipments by Technology, World Markets: 2016-2025
  • Smart Meter Shipments by Technology, North America: 2016-2025
  • Smart Meter Shipments by Technology, Europe: 2016-2025
  •  Electric Meter Installed Base by Meter Type, World Markets: 2016-2025

List of Tables

  • Electric Meter Installed Base by Region, World Markets: 2016-2025
  • Smart Meter Installed Base and Penetration Rate by Region, World Markets: 2016-2025
  • Smart Meter Shipments, ASPs, and Revenue by Region, World Markets: 2016-2025
  • Smart Meter Shipments by Region and Technology, World Markets:  2016-2025
  • Electric Meter Shipments by Country, North America: 2016-2025
  • Electric Meter Installed Base by Country, North America: 2016-2025
  • Smart Meter Shipments, ASPs, and Revenue by Country, North America: 2016-2025
  • Smart Meter Installed Base and Penetration Rate by Country, North America: 2016-2025
  • Smart Meter Shipments as a Percentage of Total Electric Meter Shipments, North America: 2016-2025
  • Electric Meter Shipments by Utility Type, United States: 2016-2025
  • Smart Meter Shipments by Utility Type, United States: 2016-2025
  • Smart Meter Installed Base and Penetration Rate by Utility Type, United States: 2016-2025
  • Electric Meter Installed Base by Meter Type, World Markets: 2016-2025
  • Smart Meter Shipments by Technology, World Markets:  2016-2025
  • Smart Meter Shipments by Technology and Region, World Markets:  2016-2025

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