Global smart electricity meter installed base set to double by 2016

A new market study from IMS Research titled The World Market for Smart Electricity Meters - 2012 Edition, says that by the end of 2016 the global installed base of electricity meters is expected to double, boosting the installed base of communicating meters to almost 35 per cent penetration worldwide.

According to IMS Research, at the close of 2011 fewer than 18 per cent of the approximate 1.43 billion installed meters were communicating. These meters ranged from older one-way AMR (Advanced Meter Reading) technology to industrial and commercial wireless enabled meters to residential two-way smart meters.

Smart Meters

Developing economies such as China, Brazil and India will drive the long-term continued growth of the global smart meter market; and of these regions, China is the only significant market for advanced meters.

IMS Research Lead Analyst, Michael Markides, says: "In the next five years, most developed countries and developing nations will have thriving advanced electricity meter markets. Whether installed to save on labour costs, work in conjunction with other smart grid schemes or to curtail non-technical losses, utilities worldwide are accelerating their adoption of smart metering.