in Up Front
print the content item



Annual shipments of smart electricity meters will pass the 100 million mark globally next year, up from an estimated 82 million units this year, and remain there until at least 2017, finds a new report from IHS Inc. By 2017, these units are expected to account for almost $5 billion in revenue for meter manufacturers.

The report, entitled "The World Market for Smart Electricity Meters - 2013," says the projection comes despite a rapidly decreasing North American market given the drying up of government funding, watered-down meter legislation in Latin America and continuing delays to the long-expected smart meter rollouts in the European Union (EU).

“While it is true that growth in many of the traditional markets for advanced metering solutions has been disappointing in recent years, there is quite a bit of good news as well,” says Jacob Pereira, IHS analyst for smart utilities infrastructure.

“China’s massive infrastructure-modernization effort includes a continuing countrywide overhaul of old metering systems, and that can make a big difference in a country of well over 400 million metering endpoints,” Pereira continues. “In addition, recent announcements from some of the larger EU economies have added clarity to when their long-anticipated rollouts will begin in earnest, charging up the market.”

Even so, the majority of communication-enabled meters being installed in Chinese homes and businesses might not meet the “smart” criterion for many people, according to the report.

“These meters are simple one-way communicating devices used for automatic meter reading, not the advanced functions usually associated with the word ‘smart,’” Pereira notes. “However, the European meter rollouts expected to start up within the next few years will generally incorporate multiple other features.”

The report says news of future growth is sure to be a relief to many manufacturers that have become used to dismal news in recent years, such as the end to U.S. stimulus funding, Brazil’s disappointing meter mandates and multiple delays to European rollouts.

“The market for communicating meters isn’t stopping, or even slowing, for that matter. It’s just changing locations,” explains Pereira.



Hse SandyHook
Latest Top Stories

DOE Report: U.S. Wind Power Prices Reach All-Time Low

According to the U.S. Department of Energy (DOE), wind power continues to play a larger role in the U.S.' energy mix and is the cheapest it has ever been in the country.


Survey Reveals What U.S. Consumers Expect From Their Utilities

GE's new survey measures Americans' views on the state and future of the grid, as well as how much extra consumers would be willing to pay for better power reliability.


How A GIS Can Help Utilities Address The Aging Workforce And Capitalize On Data

Baby Boomers, whose experience and know-how have served the utility industry so well for decades, are retiring. The author suggests utilities can use a geographic information system (GIS) to fill in resultant knowledge gaps.


Sensus Smart Meters Tied To More Overheating Incidents And Fires

SaskPower is investigating two new meter failures, and Portland General Electric is working to replace 70,000 Sensus units amid fire concerns.


SaskPower Halts Smart Meter Installations Following Fires

The Canadian utility has suspended its smart meter deployment as it investigates half a dozen fires associated with the meters.

S&C Electric_id176
edf_id180