Smart meter shipments to surpass 130 million by 2016
Global smart meter shipments in the second quarter of 2012 (2Q12) grew 33.6 percent over the previous quarter, and were up nearly 51.3 percent year over year
Framingham, Mass., September 5, 2012 — Global smart meter shipments in the second quarter of 2012 (2Q12) grew 33.6 percent over the previous quarter, and were up nearly 51.3 percent year over year, according to IDC Energy Insights.
By the end of 2012, worldwide annual smart meter shipments to surpass 130 million units.
While smart metering continues to supplant earlier generations of analog and AMR technologies, shipments are showing different growth patterns across various geographies.
The U.S. market continues to recede from the Recovery Act peak and momentum in the smart metering market is now shifting to Europe, Asia, the Middle East, and Latin America.
In Europe, utilities are actively testing various advanced metering infrastructure (AMI) technologies, and many European Union member states have signaled their commitment to embrace smart metering in compliance with the European legislation mandating deployment of smart meters where economically feasible. These states are now in the process of finalizing the regulatory framework for their respective national rollouts, which are to be completed by 2020.
As large smart meter tenders are not expected in the EU before the second half of 2013, global meter vendors are actively exploring new market opportunities in other geographic regions. In light of their rapidly increasing energy consumption, outdated energy infrastructure, and problems with energy loss/theft, Brazil, Russia, India and China hold potential for the AMI industry.
Facing stiff competition from local vendors that often enjoy long-standing relationships with domestic utilities, several global meter vendors have sought to build their position in these markets through local partnerships and specific product offerings.