in Up Front
print the content item

The overall utility billing meter market is expected to reach nearly $13 billion in 2016, according to a new study by IMS Research. 2016 is also anticipated to be the first time that revenues for smart meters match those of their basic, non-communicating counterparts.

The study forecasts that revenues for smart meters will continue to steadily rise as revenues for non-communicating meters stay relatively stagnant over the next few years. IMS Research predicts that 2014 and 2015 will see an especially dramatic jump in both shipments and revenues of smart metering solutions, driven largely by new regulation in the European Union (EU).

“Although North American advanced utility meter shipments are slowing down after the boom years of the American Recovery and Reinvestment Act, the rest of the world is moving full-steam ahead,” says Jacob Pereira, an IMS Research analyst and lead author of the study.

“The EU, in particular, is projected to see phenomenal levels of growth, as countries move toward replacing most or all of their basic gas and electricity meters with communicating ones over the coming years,” Pereira continues. “The U.K. alone has about 50 million gas and electricity meters installed, most of which will have to be replaced by 2019. Factor in all the countries that are mandating, or will mandate, advanced meters as part of the EU directives, and growth will be very strong, both in unit and in revenue terms.”

Asian markets are also beginning to see a significant shift toward smart meters, a trend that is expected to continue in the coming years.

“China, in particular, is expanding utility infrastructure and investing in large-scale advanced metering projects,” says Pereira. “As both the most populous country in the world, and the world’s largest market for utility meters, it has an outsize effect on the overall market. But that’s not to say that other large markets in Asia, such as Japan and South Korea, are not also moving toward advanced metering. In fact, by 2016, we have calculated that Asian economies will consume twice the number of advanced utility meters as [the Europe, the Middle East and Africa (EMEA) region], the next-largest region.”




Hse SandyHook
Latest Top Stories

Does Income Determine Who Benefits The Most From Smart Grids?

According to the Smart Grid Consumer Collaborative, low-income consumers may be at a disadvantage.


Accenture And Siemens Form Smart Grid Joint Venture

OMNETRIC Group will help utilities improve energy efficiency, grid operations and reliability.


Maine Public Utilities Commission: Smart Meters Are Safe

According to a report by the commission, there is no direct link between smart meters and health issues.


Report: Global Solar Deployment Topped Wind In 2013

Research firm Clean Edge finds that solar surpassed wind for the first time since it began tracking international markets in 2000.


HEM Is Key For Utilities To Maintain A Competitive Edge

According to a report by Lux Research, automated meters, electricity rates and renewable energy are crucial to the success of home energy management.

S&C Electric_id176
edf_id