World Smart Meter Market Forecast to Grow 19% by 2015 says New Report

PR Log (Press Release) – Nov 06, 2009 – Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report

According to the report “Smart Meters” available at http://www.reportbuyer.com/go/PIK00020 electricity metering is undergoing its greatest transformation since the first meter was installed more than 120 years ago. Smart Metering, integrating advanced communications with energy measurement, is on the front lines of Smart Grid deployments, promising major energy savings by changing how and when customers use electricity.  Major utilities worldwide, enticed by savings and prodded by governments, are embarking on wholesale replacement of over 45% of the North American and European installed base by 2015, breaking the traditional 15-20 year meter replacement cycle.  This represents an unprecedented and time limited opportunity for meter and communications suppliers as a projected $19.5 billion of smart meters are deployed worldwide between 2010 and 2015.

While smart metering energy, climate, and operating benefits may be common around the world, the communications technologies, standards, and regulatory environments are not.  Multiple proprietary and semi-standard solutions exist for a “network of networks” linking smart meters and consumers’ in-home devices into a cohesive energy infrastructure,  but vendors, utilities, governments, industry associations, and standards bodies are all exerting different influences in each region. This report forecasts that the worldwide smart meter market will experience an aggressive 19% CAGR to 2015, but underneath regional waves of growth, peaks and valleys will likely have disproportionate impacts on industry players.

Thie 108 page report examines global and regional Smart Meter trends, it explores neighborhood-area and home-area communications technologies and standards, defines “basic” versus “advanced” meter capabilities, and provides detailed market forecasts by technology and world region.  Key vendors, standards, and deployments are profiled, offering a comprehensive window into the dynamic market for smart metering.

The report “Smart Meters” is available from Report Buyer at:
http://www.reportbuyer.com/energy_utilities/electricity/ ...

Report Buyer product ID: PIK00020

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