According to PikeResearch, a market research organization, the installed capacity of smart meters in the world will increase from about 251 million units in 2009 to 535 million units in 2015, and will reach 963 million units in 2020.
“Smart meters are a very attractive value proposition for utility companies around the world,†said Bob Gohn, research director at Pike Research. “The industry has made significant progress in the past two years and smart meter installations have grown. Is also an important precursor to the emergence of more diversified energy management solutions in the coming years."
According to the PikeResearch report, the global market penetration rate of smart meters has also grown significantly with the acceleration of deployment of power supply companies in various countries (usually part of the large-scale smart grid project); many utilities are expecting to have two-way communication with users. The advanced metering devices that integrate intelligent functions not only improve the visibility and management of power usage, but also provide the basis for a series of energy saving and management services.
PikeResearch predicts that the annual sales volume of smart meters will reach a peak of slightly over 100 million units in 2015, and then it will show a gradual decline in shipments each year. As for the growth of this industry, it will be related to the installation tides in different regional markets. The first is that The North American market, the peak period is expected to be in 2012, followed by the Asia Pacific region, the peak period in 2015, followed by the European market, and the peak period around 2017; while the South American, Middle East and African markets will see longer-term Grow slowly.
The research organization expects that smart meters will occupy the bulk of installed meters in 2018; by 2020, the global smart meter penetration rate will reach 59%.
“Smart meters are a very attractive value proposition for utility companies around the world,†said Bob Gohn, research director at Pike Research. “The industry has made significant progress in the past two years and smart meter installations have grown. Is also an important precursor to the emergence of more diversified energy management solutions in the coming years."
According to the PikeResearch report, the global market penetration rate of smart meters has also grown significantly with the acceleration of deployment of power supply companies in various countries (usually part of the large-scale smart grid project); many utilities are expecting to have two-way communication with users. The advanced metering devices that integrate intelligent functions not only improve the visibility and management of power usage, but also provide the basis for a series of energy saving and management services.
PikeResearch predicts that the annual sales volume of smart meters will reach a peak of slightly over 100 million units in 2015, and then it will show a gradual decline in shipments each year. As for the growth of this industry, it will be related to the installation tides in different regional markets. The first is that The North American market, the peak period is expected to be in 2012, followed by the Asia Pacific region, the peak period in 2015, followed by the European market, and the peak period around 2017; while the South American, Middle East and African markets will see longer-term Grow slowly.
The research organization expects that smart meters will occupy the bulk of installed meters in 2018; by 2020, the global smart meter penetration rate will reach 59%.
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