Global smart meter installs predicted to double by 2016

Dive Summary:

  • The market research firm IHS published a report titled "The World Market for Smart Electricity Meters – 2012," which anticipates that the installed base of smart electricity meters across the world will double within the next three years.
  • The report also sees communicating meters reaching about 35% penetration globally.
  • IHS expects 2015 to be a strong year of growth for smart meters when European advanced metering projects go online.

From the article:

"... In the long term, IHS said it anticipates that the global smart meter market will depend on developing economies such as China, Brazil and India. China is now considered as the “only significant market for advanced meters” with some 40 million advanced electricity meters shipped in 2011, the market researcher continued."

Recommended Reading:

Filed Under: Transmission & Distribution Regulation & Policy Technology
Top image credit: NASA