The adoption of smart meters is surging around the world, and electric utilities are accelerating their deployments of the devices, often as part of larger smart grid initiatives. Advanced metering infrastructure (AMI), which utilizes two-way communications networks and integrated intelligence to enable increased visibility and management of electricity usage, is envisioned by many utilities to be the foundation for a broad array of new energy efficiency and management services.
Pike Research, Boulder, Colo., forecasts that the world market for smart meters will peak at just over 100 million units in 2015, followed by a gradual decline in annual unit shipments. The growth of the industry will be characterized by regional waves of adoption, beginning with the North American market, which will peak in 2012, followed by a peak in Asia Pacific in 2015, in Europe in 2017, and more gradual long-term growth in Latin America, the Middle East, and Africa. By 2020, the global installed base will reach 963 million smart meters, a penetration rate of 59% among all installed electric meters.
This Pike Research report provides detailed market forecasts for the fast-growing global smart meter market. The study includes market sizing and forecasting of the smart meter industry through 2020 in terms of unit shipments, total installed base, revenues, and average selling prices. Forecasts are segmented by world region, meter type, and neighborhood area networking (NAN) technology.
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