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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...