Proving the Business Case for the Internet of Things

China stays top of global smart electric meter market

Steve Rogerson
December 21, 2016
 
China continued to lead the global smart electric meter market during the third quarter of 2016 with more than 348 million smart meter installations, according to Navigant Research.
 
In the coming decade, smart meter replacements and upgrades will begin to present significant revenue stream opportunities for product vendors and systems integrators, the report finds.
 
The report tracked global utility smart meter projects, providing data on global customer endpoints, meter manufacturers, advanced metering infrastructure (AMI) communications vendors, systems integrators and meter data management (MDM) vendors.
 
More than a decade after the earliest models of communicating electric meters were deployed, the market for AMI or smart meters remains strong and growing.
 
Since the release of Navigant Research’s Global AMI Tracker in the second quarter of 2016, the North American market has seen a handful of new project announcements – Entergy, National Grid and Pacific Power – and some notable project updates such as Ameren Illinois, while markets in Europe and Asia Pacific experienced continued uptake.
 
China remains the leading global smart electric meter market, with more than 348 million smart meters installed, accounting for 67.1 per cent of tracked global installations.
 
“The global smart meter market and its underlying technologies have evolved rapidly since the technology’s inception,” said Michael Kelly, research associate with Navigant Research. “Relatively developed markets include North America, western Europe and areas of Asia Pacific, all of which remain strong and growing with significant market opportunities remaining.”
 
In the coming decade, the second-generation smart meter market (replacements and upgrades) within these highly penetrated regions will begin to present significant revenue stream opportunities for product vendors and systems integrators, according to the report. Less saturated markets, including Eastern Europe, Latin America and the Middle East and Africa, still face significant barriers to entry, but large volume project activity is forecasted across all of these areas.
 
The report provides an analysis of global utility smart meter projects. It has tracked data related to global customer endpoints, meter manufacturers, AMI communications vendors, systems integrators and MDM vendors. The report also includes an examination of the technologies, timeframes and vendor selections for AMI deployments around the world, along with vendor selection share analysis for North America.