Smart Meters

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

The smart electric meter market has entered a slow growth phase worldwide. Deployments of new smart meters have declined in North America, following several years of large-scale rollouts bolstered by U.S. federal stimulus funding. In other regions, previously announced large-scale smart metering programs have been delayed in the near term, particularly in the United Kingdom and Brazil, where regulators have slowed the pace of new deployments. The one big exception is China, where a massive long-term plan, involving not only new meters, but also major upgrades to transmission systems, distribution networks, and generating capabilities, continues apace.

Despite the current slowdown, smart meter deployments will continue over the next several years, with smart meter penetration rates rising steadily in North America and in Europe. For instance, both France and the United Kingdom are on the verge of large-scale smart meter rollouts, though those projects will not accelerate for another year or so. Navigant Research forecasts that worldwide shipments of smart meters will peak in 2018, at 131 million annually, before slowing to 114 million by 2022.

This Navigant Research report 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.

Key Questions Addressed:
  • How many smart meters will be shipped through 2022?
  • What is the size of the revenue opportunity for smart meters through 2022?
  • What are the key technology issues in today’s smart meter market?
  • How will the market for smart meters play out across the global regions?
  • Who are the key players in the smart meter market, and how do their strategies compare?
Who needs this report?
  • Smart grid hardware and software companies
  • Networking and communications companies
  • Energy management and automation vendors
  • Industry associations and standards organizations
  • Utilities
  • Government agencies
  • Investor community

Table of Contents

1. Executive Summary

1.1   Introduction

1.1.1   Market Drivers Remain

1.1.2   Regulatory Drivers

1.1.3   Market Forecast

2. Market Issues

2.1   Market Overview

2.1.1   Trend: Expect a Rebound

2.1.2   Smart Electric Meters

2.1.3   Common Terms

2.1.4   Business Structures and Regulatory Environment

2.1.4.1   Meter Vendor Industry

2.2   Overview of Electricity Market Issues

2.3   Smart Meter Business Case

2.3.1   Improved Utility Operations

2.3.2   Broader Smart Grid-Related Benefits

2.3.2.1   Energy Use Reduction

2.3.2.2   Demand Response and Peak Shifting

2.3.2.3   Net Metering and Local Generation

2.3.2.4   Support for Electric Vehicles

2.4   Industry Stakeholders

2.4.1   Meter and Communications “Co-opetition”

2.4.2   Vendor Consolidation

2.4.3   Low-Cost Solutions Have Minimal Impact, So Far

2.5   Market Drivers

2.5.1   Economic Drivers

2.5.2   Energy Policy Drivers

2.5.2.1   North America

2.5.2.2   Europe

2.5.2.3   Asia Pacific

2.5.2.4   Latin America

2.5.2.5   Middle East & Africa

2.6   Market Challenges

3. Technology Issues

3.1   Smart Meter Components Overview

3.1.1   Smart Meter Requirements

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   Network Layer Protocols

3.3.1.3   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   Power Line Communication

3.3.3.1   Low-Speed Power Line Communication

3.3.3.2   Narrowband Power Line Communication

3.3.3.3   Broadband over Power Line (BPL)

3.3.3.4   Performance Characteristics

3.3.4   Home Area Network Interface

3.3.5   RF HANs

3.3.5.1   ZigBee

3.3.5.2   Other RF HAN Technologies

3.3.6   PLC HANs

3.3.6.1   HomePlug

3.3.6.2   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 (ESCO Technologies Inc.)

4.1.2   Ambient

4.1.3   Echelon

4.1.4   Elster Group

4.1.5   GE Digital Energy

4.1.6   Holley Metering

4.1.7   Iskraemeco

4.1.8   Itron

4.1.9   Kamstrup

4.1.10  Landis+Gyr

4.1.11  Nuri Telecom

4.1.12  Sagemcom

4.1.13  Sensus

4.1.14  Silver Spring Networks

4.1.15  Trilliant

4.1.16  ZIV Aplicaciones y Tecnología, S.L.

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 Installed Base

5.5   Global Smart Meter Unit Shipments by Meter Type

5.6   Global Smart Meter Unit Shipments by NAN Technology

5.7   Global Smart Meter Unit Shipments by HAN Technology

5.8   Global Smart Meter Revenue and Average Selling Price

5.9   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: 2012-2022
  • Electric Meter Installed Base by Region, World Markets: 2012‑2022
  • Electric Meter Unit Shipments by Region, World Markets: 2012‑2022
  • Smart Meter Unit Shipments by Region, World Markets: 2012‑2022
  • Share of Smart Meter Unit Shipments by Utility Type, United States: 2012-2022
  • Smart Meter Unit Shipments and Installed Base Penetration, United States: 2012-2022
  • Smart Meter Unit Shipments and Installed Base Penetration, Canada: 2012-2022
  • Smart Meter Revenue and ASPs, North America: 2012-2022
  • Smart Meter Revenue and ASPs, Europe: 2012-2022
  • Smart Meter Revenue and ASPs, Asia Pacific: 2012-2022
  • Smart Meter Revenue and ASPs, Latin America: 2012-2022
  • Smart Meter Revenue and ASPs, Middle East & Africa: 2012‑2022
  • Smart Meter Installed Base by Region, World Markets: 2012‑2022
  • Smart Meter Unit Shipments by Type, World Markets: 2012-2022
  • Advanced Smart Meter Unit Shipments as a Percentage of All Smart Meter Unit Shipments by Region, World Markets: 2012‑2022
  • Advanced Smart Meter Shipments by Region, World Markets: 2012-2022
  • Advanced Smart Meter Penetration of All Meters by Region, World Markets: 2012-2022
  • Share of Smart Meter Unit Shipments by NAN Technology, World Markets: 2012-2022
  • Share of Smart Meter Unit Shipments by NAN Technology, North America: 2012-2022
  • Share of Smart Meter Unit Shipments by NAN Technology, Europe: 2012-2022
  • Share of Advanced Smart Meter Unit Shipments by NAN Technology, World Markets: 2012-2022
  • Advanced Smart Meter Unit Shipments by HAN Technology, World Markets: 2012-2022
  • Basic and Advanced Smart Meter Revenue and ASPs, World Markets: 2012-2022
  • Smart Meter Revenue and ASPs, World Markets: 2012-2022
  • Typical Smart Meter Network Architecture
  • Smart Meter Form Factors
  • Mesh Network Configuration
  • Star Network
  • SEP 2.0 Interoperability Model for Home Area Networks

List of Tables

  • Smart Meter Mergers and Acquisitions
  • All Electric Meter Unit Shipments by Region, World Markets:  2012-2022
  • Electric Meter Installed Base by Region, World Markets: 2012-2022
  • Smart Meter Installed Base and Penetration Rates by Region, World Markets: 2012-2012
  • Advanced Smart Meter Installed Base and Penetration Rates by Region, World Markets: 2012-2022
  • Smart Meter Unit Shipments, Average Selling Price, and Revenue by Region, World Markets: 2012-2022
  • Smart Meter Unit Shipments as a Percentage of All Electric Meter Unit Shipments by Region, World Markets: 2012-2022
  • Smart Meter Unit Shipments by NAN Technology and Region, World Markets: 2012-2022
  • Basic Smart Meter Unit Shipments, Average Selling Price, and Revenue by Region, World Markets: 2012-2022
  • Basic Smart Meter Unit Shipments by NAN Technology and Region, World Markets: 2012-2022
  • Advanced Smart Meter Unit Shipments, Average Selling Price, and Revenue by Region, World Markets: 2012-2022
  • Advanced Smart Meter Unit Shipments by NAN Technology and Region, World Markets: 2012-2022
  • Advanced Smart Meter Unit Shipments by HAN Technology and Region, World Markets: 2012-2022
  • Electric Meter Unit Shipments by Country, North America: 2012-2022
  • Electric Meter Installed Base by Country, North America: 2012-2022
  • Smart Meter Installed Base and Penetration Rate by Country, North America: 2012-2022
  • Smart Meter Unit Shipments, Average Selling Price, and Revenue by Country, North America: 2012-2022
  • Basic Smart Meter Unit Shipments and Revenue by Country, North America: 2012-2022
  • Advanced Smart Meter Unit Shipments and Revenue by Country, North America: 2012-2022
  • Smart Meter Installed Base and Penetration Rate by Utility Type, United States: 2012-2022
  • Smart Meter Unit Shipments by Utility Type, United States: 2012-2022
  • Electric Meter Installed Base by Meter Type, World Markets: 2012-2022
  • Advanced Smart Meter Unit Shipments as a Percentage of Total Smart Meter Unit Shipments, World Markets: 2012‑2022
  • Smart Meter Unit Shipments by NAN Technology, World Markets: 2012-2022
  • Smart Meter Unit Shipments by NAN Technology, North America and Europe: 2012-2022
  • Advanced Smart Meter Unit Shipments by NAN Technology, World Markets: 2012-2022
  • Basic and Advanced Smart Meter Revenue and Average Selling Price, World Markets: 2012-2022

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