Report: Smart Meter Installations to Reach 250M Worldwide by 2015

Nov 4 2009 | 6:20pm ET

According to a new report from cleantech market research firm Pike Research, more than 250 million smart meters will be installed worldwide by 2015, representing a penetration rate of 18% of all electrical meters by that time, up from 46 million in 2008.

Smart meters, integrating two-way communications with energy measurement, are “the vanguard of smart grid deployments,” said Pike managing director Clint Wheelock in a statement. The new meters, he says are “breaking the traditional 15-20 year meter replacement cycle, and represent an unprecedented effort to add intelligence and communications to electrical metering.”

While Europe is currently the top region for smart meter adoption, North America will become the leading market in 2010, says Wheelock, reaching 55% penetration of all electric meters by 2015.

Pike Research segments the smart meter market into two primary categories: basic meters, which transmit energy usage data over two-way communications networks, and advanced meters, which include basic functionality in addition to remote disconnect and home area networking (HAN) capabilities. Pike forecasts that total smart meter shipments will reach 39.5 million units by 2015, representing a $3.9 billion global market.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...