Berg Insight says worldwide installed base of smart electricity meters will reach 602.7 million units in 2016

New research from the analyst firm Berg Insight says that the worldwide installed base of smart electricity meters will grow at a compound annual growth rate of 26.6 percent between 2010 and 2016 to reach 602.7 million at the end of the period.

During the next five years, penetration rates for smart metering technology are projected to increase from around 15–25 percent today to around 50 percent in Europe and North America and over 75 percent in Asia-Pacific. By 2020, penetration rates are expected to approach 100 percent in most developed countries with massive rollouts also taking place in new territories such as Latin America, India and the Middle East.

“Securing a sustainable supply of energy will be one of the greatest challenges for mankind in the 21st century”, said Tobias Ryberg, senior analyst, Berg Insight and author of the report. “Smart grid technologies will make a major contribution to achieving this goal by improving the efficiency at all levels of the electricity supply chain from generation to transmission, distribution and consumption. Smart meters are the gateways that connect consumers to the smart grid and enable them to interact with other players in the ecosystem.”

Berg Insight ranks Europe and North America as the most advanced adopters of smart metering technology today. A majority of the countries in Western Europe have passed legislation that requires nationwide rollouts before the end of this decade and a few such as Italy and Sweden already have fully operational systems.

All EU member states that have not already done so are required to perform a cost-benefit analysis of smart metering before September 2012. In the US, important states such as California and Texas have mandated the introduction of smart meters or given their approval for massive rollouts proposed by utilities. Furthermore the federal government has granted nearly US$5 billion in funding for smart grid projects that frequently involve smart meter rollouts.

China and other countries in East Asia are in an early phase of adoption but have very aggressive installation plans. The State Grid Corporation of China is currently deploying 50–60 million advanced electricity meters per year as preparation for the construction of a nationwide smart metering network within five years. The new generation of meters is prepared for two-way communication once a network connection becomes available.

Elsewhere in the region, South Korea has an ambitious plan for a nationwide smart grid network that is being implemented by the national utility KEPCO and in Japan the government is looking to smart meters as a part of the solution to the new challenges facing the country’s electricity industry.


9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

Schneider Electric launches grids of the future lifecycle management at Enlit Europe event

Posted on: December 3, 2021

Rueil-Malmaison, France. 2 December 2021 – Schneider Electric, the provider of digital transformation of energy management and automation and The World’s 2021 Most Sustainable Corporation, believes that electricity is the only energy that offers the fastest vector for decarbonisation through a combination of renewables and digital software-led solutions.

Read more

University (data) challenges disrupt student experience in almost half of UK institutions

Posted on: December 3, 2021

Eton, UK, 2nd December, 2021 – Over half (59%) of higher education institutions said the secure sharing of data has been their biggest IT challenge over the last 18 months as they dealt with the ongoing impact of the pandemic.

Read more