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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note