250M Smart Meters by 2015  

Posted by Big Gav in

Greentech media has an article on a report on the smart meter industry, predicting rapid growth in the coming years - 250M Smart Meters, $3.9B Market by 2015, Says Pike Research.

The world will have 250 million smart meters by 2015, representing a $3.9 billion market, according to a report from Pike Research released Monday.

But that growth – representing $19.5 billion in new meters installed, and an increase from about 46 million smart meters installed worldwide last year – will be uneven, according to Pike's executive summary of the report.

North America, which is set to overtake Europe as the fastest-growing smart meter market next year, will see smart meters make up 55 percent of its installed meter base by 2015, for example, while worldwide penetration of smart meters will be 18 percent by that time, Clint Wheelock, managing director, said in a news release.

The report also differentiates between "basic" smart meters capable of two-way communication of electricity consumption data, and "advanced" meters that can be remotely disconnected and, more importantly, enable so-called home area networks, or energy management systems within homes and businesses (see The Smart Home, Part I and The Smart Home, Part II).

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