Report projects 55% smart meter penetration worldwide by 2020

9 October 2012 Geoff Zeiss

A new Pike Research report forecasts that the global smart meter market will grow at a compound annual growth rate of just under 5 percent between 2010 and 2020.  Smart meter deployment in North America has already peaked and is expected to drop by 42 percent between 2011 and 2013.  But it is projected that growth in Europe and China will more than make up for the drop in North America.  Growth in China is occurring much earlier and faster than anticipated, and deployments in Europe are expected to take off in the middle part of the decade. 

In 2008 of the global installed base of 1.5 billion electricity meters, less than 4% were smart. In four years by 2012 smart meter penetration has grown to over 18 %.  It is expected to continue to grow and is projected to exceed 55% by 2020. That’s nearly 1 billion smart meters worldwide.

Europe

The EC directive on smart meters
mandates that 80% of European homes must have smart meters by 2020. 
But in several countries smart meter deployment is happening faster than
that.

 Italy was the first European country to adopt  smart grid technology.  Enel
(the largest power company in Italy) has installed 32 million
residential smart electric meters and is offering time-of-use pricing.

Sweden made intelligent meters mandatory in 2009.  In July 2010,
Sweden became the first European nation to reach 100% smart meter
rollout for all energy customers.

In September 2010, the French government decreed that 95% of French homes will have smart meters by 2016.

Finland and Norway are planning to introduce legislation for smart meter implementation by 2013.

In Denmark smart meter deployment is happening rapidly without any government or regulatory intervention.

The U.K. government has released a £ 11.7 billion implementation plan to install 53 million smart meters for gas and electricity use in every home between 2014 and 2020.

China

China plans to invest $490 billion in grid upgrades by 2020, including about $90 billion in smart grid technology.  The
State Grid Corporation of China (SGCC) has just announced it will install over
300 million smart meters by the end of 2015.  As of 2011, SGCC has installed 36 million smart meters.

Geoff Zeiss

Geoff Zeiss

Geoff Zeiss has more than 20 years experience in the geospatial software industry and 15 years experience developing enterprise geospatial solutions for the utilities, communications, and public works industries. His particular interests include the convergence of BIM, CAD, geospatial, and 3D. In recognition of his efforts to evangelize geospatial in vertical industries such as utilities and construction, Geoff received the Geospatial Ambassador Award at Geospatial World Forum 2014. Currently Geoff is Principal at Between the Poles, a thought leadership consulting firm. From 2001 to 2012 Geoff was Director of Utility Industry Program at Autodesk Inc, where he was responsible for thought leadership for the utility industry program. From 1999 to 2001 he was Director of Enterprise Software Development at Autodesk. He received one of ten annual global technology awards in 2004 from Oracle Corporation for technical innovation and leadership in the use of Oracle. Prior to Autodesk Geoff was Director of Product Development at VISION* Solutions. VISION* Solutions is credited with pioneering relational spatial data management, CAD/GIS integration, and long transactions (data versioning) in the utility, communications, and public works industries. Geoff is a frequent speaker at geospatial and utility events around the world including Geospatial World Forum, Where 2.0, MundoGeo Connect (Brazil), Middle East Spatial Geospatial Forum, India Geospatial Forum, Location Intelligence, Asia Geospatial Forum, and GITA events in US, Japan and Australia. Geoff received Speaker Excellence Awards at GITA 2007-2009.

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