Smart Meters

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

The smart electric meter market has shifted emphasis to projects in Europe and Asia Pacific while the once hot U.S. market has leveled off, as federal funding for projects has been nearly exhausted. However, deployments do continue. Even with the U.S. slowdown, smart meter vendors report business activity is increasing in Western Europe, where utilities in Spain, France, and the United Kingdom have projects underway or about to begin that will account for some 93 million new meters by the end of 2020. Similarly, in Eastern Europe, utilities have stepped up plans for smart meter deployments.

In Asia Pacific, utilities in China continue to install large numbers of smart meters as part of a 5-year nationwide plan to upgrade grid infrastructure. Major deployments are planned in Japan that are expected to eventually account for some 80 million smart meters, with Tokyo Electric Power Company (TEPCO) taking the lead there. In India, pilot projects are taking place that will set the stage for large smart meter deployments that will start later this decade and are expected to total more than 150 million new devices. According to Navigant Research, global revenue from annual smart meter shipments is expected to grow from $4.4 billion in 2013 to $6.6 billion in 2023.

This Navigant Research report examines the global market opportunity for smart electric meters, with a focus on four neighborhood area network (NAN) communications technologies: radio frequency (RF) mesh, RF point-to-point, RF public, and power line communications (PLC). The study examines the drivers and barriers shaping the market, along with the major technology issues. Global market forecasts for smart electric meter shipments and the associated revenue, broken out by region, meter type, and NAN technology, extend through 2023. The report also provides key vendor profiles and a discussion of broad metering trends and activities worldwide.

Key Questions Addressed:
  • What market forces are shaping the global smart electric meter market?
  • How many smart meters will be shipped worldwide through 2023?
  • What is the size of the revenue opportunity for smart meters?
  • What technical issues are shaping the smart electric meter market?
  • How will the market for smart meters play out across the global regions?
Who needs this report?
  • Smart electric meter manufacturers and component suppliers
  • Electric utilities and grid operators
  • Electric meter communications module vendors
  • Regulators
  • Electric industry associations
  • Investor community

Table of Contents

1. Executive Summary

1.1  Introduction

1.2  Market Drivers

1.3  Market Barriers

1.4  Market Forecast

2. Market Issues

2.1  Smart Meter Market Overview

2.1.1   Maturing Market, Different Specs

2.1.2   Smart Electric Meters

2.1.3   Common Terms

2.2  Market Drivers

2.2.1   Energy Policy Drivers

   2.2.1.1  North America

   2.2.1.2  Europe

   2.2.1.3  Asia Pacific

   2.2.1.4  Latin America

   2.2.1.5  Middle East & Africa

2.3  Market Barriers

2.3.1   Broader Electricity Industry Issues

2.4  Market Activity

2.4.1   North America

   2.4.1.1  Cooperatives, Municipal Utilities

   2.4.1.2  Canada

2.4.2   Europe

   2.4.2.1  Poland

   2.4.2.2  Spain

   2.4.2.3  Denmark

   2.4.2.4  Great Britain

   2.4.2.5  France

   2.4.2.6  Netherlands

   2.4.2.7  Germany

2.4.3   Asia Pacific

   2.4.3.1  Japan

   2.4.3.2  China

   2.4.3.3  India

2.4.4   Latin America

2.4.5   Middle East & Africa

2.5  Industry Dynamics

3. Technology Issues

3.1  Smart Meter Overview

3.1.1   Key Components

3.1.2   Smart Meter Requirements

   3.1.2.1  European Minimums

3.2  Meter Technology

3.3  NAN Communications Technologies

3.3.1   RF Mesh Networks

   3.3.1.1  Physical and Link Layer Protocols

   3.3.1.2  Performance Characteristics

3.3.2   RF Point-to-Multipoint Networks

   3.3.2.1  Private RF Point-to-Multipoint Systems

   3.3.2.2  Cellular-Based Systems

   3.3.2.3  Performance Characteristics

3.3.3   PLC

   3.3.3.1  Low-Speed PLC

   3.3.3.2  Narrowband PLC

   3.3.3.3  Broadband over Power Line

   3.3.3.4  Performance Characteristics

3.3.4   HAN Interface

   3.3.4.1  RF HANs

      3.3.4.1.1.  ZigBee

      3.3.4.1.2.  Other RF HAN Technologies

   3.3.4.2  PLC HANs

      3.3.4.2.1.  HomePlug

      3.3.4.2.2.  HomeGrid/ITU G.hn

3.4  Other Smart Meter Communications Configurations

3.5  Key Technical Issues

3.5.1   Interoperability and the Move to IP-Based Networks

3.5.2   Integrated System Security

3.5.3   Future-Proofing

3.6  Standards Issues

3.6.1   Who Sets Metering Standards?

3.6.2   Standard Set of Standards Efforts

   3.6.2.1  National Institute of Standards and Technology

   3.6.2.2  European OPEN Meter Project

   3.6.2.3  Utility-Driven Standardization

3.6.3   Standards Evolution Implications

4. Key Industry Players  

4.1  Smart Meter and Communications Vendors

4.1.1   Aclara

4.1.2   Echelon

4.1.3   Elster Group

4.1.4   GE Digital Energy

4.1.5   Holley Metering

4.1.6   Iskraemeco

4.1.7   Itron

4.1.8   Kamstrup

4.1.9   Landis+Gyr

4.1.10   Nuri Telecom

4.1.11   Sagemcom

4.1.12   Sensus

4.1.13   Siemens Energy

4.1.14   Silver Spring Networks

4.1.15   Tantalus Systems

4.1.16   Trilliant

4.1.17   Wasion Group

4.1.18   ZIV

5. Market Forecasts   

5.1  Introduction

5.2  Global Electric Meter Installed Base

5.3  Global Smart Meter Unit Shipments by Region

5.3.1   North American Smart Meter Shipments

5.3.2   European Smart Meter Shipments

5.3.3   Asia Pacific Smart Meter Shipments

5.3.4   Latin America Smart Meter Shipments

5.3.5   Middle East & Africa Smart Meter Shipments

5.4  Global Smart Meter Revenue

5.5  Conclusions and Recommendations

6. Company Directory
7. Acronym and Abbreviation List
8. Table of Contents
9. Table of Charts and Figures
10. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Smart Meter Penetration Rate of All Electric Meters by Region, World Markets: 2013-2023
  • Electric Meter Installed Base by Region, World Markets: 2013-2023
  • Electric Meter Unit Shipments by Region, World Markets: 2013-2023
  • Smart Meter Unit Shipments by Region, World Markets: 2013-2023
  • Share of Smart Meter Unit Shipments by Utility Type, United States: 2013-2023
  • Smart Meter Unit Shipments and Installed Base Penetration, United States: 2013-2023
  • Smart Meter Unit Shipments and Installed Base Penetration, Canada: 2013-2023
  • Smart Meter Revenue and ASPs, North America: 2013-2023
  • Smart Meter Revenue and ASPs, Europe: 2013-2023
  • Smart Meter Revenue and ASPs, Asia Pacific: 2013-2023
  • Smart Meter Revenue and ASPs, Latin America: 2013-2023
  • Smart Meter Revenue and ASPs, Middle East & Africa: 2013-2023
  • Smart Meter Revenue by Region, World Markets: 2013-2023
  • Smart Meter Installed Base by Region, World Markets: 2013-2023
  • Smart Meter Unit Shipments by Segment, World Markets: 2013-2023
  • Advanced Smart Meter Unit Shipments as a Percentage of All Smart Meter Unit Shipments by Region, World Markets: 2013-2023
  • Advanced Smart Meter Shipments by Region, World Markets: 2013-2023
  • Advanced Smart Meter Penetration of All Meters by Region, World Markets: 2013-2023
  • Share of Smart Meter Unit Shipments by NAN Technology, World Markets: 2013-2023
  • Share of Smart Meter Unit Shipments by NAN Technology, North America: 2013-2023
  • Share of Smart Meter Unit Shipments by NAN Technology, Europe: 2013-2023
  • Share of Advanced Smart Meter Unit Shipments by NAN Technology, World Markets: 2013-2023
  • Basic and Advanced Smart Meter Revenue and ASPs, World Markets: 2013-2023
  • Simplified Smart Meter Network Architecture
  • Smart Meter Deployment Plans by EU Member States
  • Smart Meter Form Factors
  • European Commission’s Recommended 10 Minimum Functional Requirements
  • Mesh Network Configuration
  • Star Network
  • A PLC Topology
  • SEP 2.0 Interoperability Model for HANs

List of Tables

  • Electric Meter Unit Shipments by Region, World Markets: 2013-2023
  • Electric Meter Installed Base by Region, World Markets: 2013-2023
  • Smart Meter Installed Base and Penetration Rates by Region, World Markets: 2013-2023
  • Advanced Smart Meter Installed Base and Penetration Rates by Region, World Markets: 2013-2023
  • Smart Meter Unit Shipments, ASPs, and Revenue by Region, World Markets: 2013-2023
  • Smart Meter Unit Shipments as a Percentage of All Electric Meter Unit Shipments by Region, World Markets: 2013-2023
  • Smart Meter Unit Shipments by Region and NAN Technology, World Markets: 2013-2023
  • Basic Smart Meter Unit Shipments, ASPs, and Revenue by Region, World Markets: 2013-2023
  • Basic Smart Meter Unit Shipments by Region and NAN Technology, World Markets: 2013-2023
  • Advanced Smart Meter Unit Shipments, ASPs, and Revenue by Region, World Markets: 2013-2023
  • Advanced Smart Meter Unit Shipments by Region and NAN Technology, World Markets: 2013-2023
  • Electric Meter Unit Shipments by Country, North America: 2013-2023
  • Electric Meter Installed Base by Country, North America: 2013-2023
  • Smart Meter Installed Base and Penetration Rate by Country, North America: 2013-2023
  • Smart Meter Unit Shipments, ASPs, and Revenue by Country, North America: 2013-2023
  • Basic Smart Meter Unit Shipments and Revenue by Country, North America: 2013-2023
  • Advanced Smart Meter Unit Shipments and Revenue by Country, North America: 2013-2023
  • Smart Meter Installed Base and Penetration Rate by Utility Type, United States: 2013-2023
  • Smart Meter Unit Shipments by Utility Type, United States: 2013-2023
  • Electric Meter Installed Base by Meter Type, World Markets: 2013-2023
  • Advanced Smart Meter Unit Shipments as a Percentage of Total Smart Meter Unit Shipments, World Markets: 2013-2023
  • Smart Meter Unit Shipments by NAN Technology, World Markets: 2013-2023
  • Smart Meter Unit Shipments by NAN Technology and Region, World Markets: 2013-2023
  • Advanced Smart Meter Unit Shipments by NAN Technology, World Markets: 2013-2023
  • Basic and Advanced Smart Meter Revenue and ASPs, World Markets: 2013-2023
  • Smart Meter Mergers and Acquisitions: 2014

Report Details

  • Pages: 95
  • Tables, Charts,
    Figures:
    57
  • Release Date: 3Q 2014

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