As smart grid investments heat up in areas such as distribution automation, analytics, and meter data management, the global smart meter market still offers a significant revenue opportunity for smart meter vendors. Zpryme forecasts the global smart electric meter market to reach $10.7 billion by 2020. Annual growth will be relatively low between 2012 and 2020 (below 3%). By 2020, the global installed base of smart meters will be just under 1 billon. Smart meter heavy weights such as Itron, GE, Echelon, Sensus, Holley Metering, Silver Spring Networks, Landis+Gyr, and Elster are rapidly expanding into untapped markets in Asia and Latin America. However, the current market leaders will increasingly face strong competition from emerging players in Europe and Asia, which will likely drive down the per-unit cost for smart meters in the long-run.
This analysis-ready strategic dataset includes global Smart Electric Meter market forecasts from 2012 to 2020, regional forecasts, and country specific forecasts for fifteen countries (Premium members have access to all datasets). In 2012, North America accounted for 35% of the global market value, while Europe and Asia-Pacific accounted for 33% and 21%, respectively. By 2020, Europe and Asia will hold 46% and 22% of the global smart meter market, respectively. Across regions, from 2012 to 2020, Central and South America and the Rest of the World (ROW) are projected to grow at the fastest rates. From a country perspective, Japan and Brazil are projected to grow the fastest (among the 15 countries in this forecast).
Zpryme has refined its forecasting models over dozens of reports, industry surveys and interviews to produce granular projections based on expected demand and our first-hand knowledge of the Global Smart Meter market. To make this a truly industry-first report for actionable planning, the combined expertise of Zpryme’s global research team and Smart Grid Advisory Board provide a concise set of strategic insights to capitalize on the Global Smart Meter market opportunity.
Market Forecasts Included in this Data Set:
Global Smart Electric Meter Installed Base, 2012 – 2020
Global Smart Electric Meter Market Value, 2012 – 2020
Global Smart Electric Meter Installed Base by Region, 2012 – 2020
- North America
- Central & South America
- Europe
- Asia Pacific
- ROW
Global Smart Electric Meter Market Value by Region, 2012 – 2020
- North America
- Central & South America
- Europe
- Asia Pacific
- ROW
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