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Led by major utilities in California, such as Pacific Gas & Electric, San Diego Gas & Electric and Southern California Edison, cumulative smart meter installations in the U.S. grew from 2.47 million to 37.29 million between 2007 and 2011, finds a new report from Zpryme. In addition, the market research firm projects the nation will reach 61.77 million installed units by the end of this year.

The report analyzes historical data from the U.S. Energy Information Administration, along with regional and utility smart meter deployment targets. Zpryme says the U.S. smart meter market still remains relatively hot and represents a strong market opportunity for smart meter and advanced metering infrastructure vendors.

Although the pace of installations will taper off due to the completion of Smart Grid Investment Grant projects, the report predicts about 60% of all U.S. electric meters will not be “smart” by the end of this year; therefore, utilities will further continue to deploy smart meters as part of larger grid modernization projects.

Key findings of the report include the following:

- Of the total smart meters installed 2011, 9.2 million (25%) were part of U.S. Smart Grid Investment Grant projects.

- In 2011, California accounted for 28% of smart meters installed in the U.S.

- In 2011, smart meters accounted for 14.1% (538,746 MWh) of all U.S. energy served in the U.S.

- In 2011, 492 U.S. utilities had installed smart meters. By the end of this year, Zpryme projects this figure to reach 559.

"As more smart meter deployment data across the U.S. is issued, a clearer picture is unfolding of the strong business case for utilities in upgrading to intelligent metering,” comments Mark Ishac, managing director of Zpryme’s Smart Grid Insights practice.

For more information about Zpryme's report, click here.

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