Gothenburg, Sweden --- (METERING.COM) --- June 16, 2010
North America and Asia-Pacific are two of the most dynamic smart meter market regions and will see massive projects realized over the next five to ten years, according to a new report on smart metering in these regions from Berg Insight.
The report forecasts that the installed base of smart electricity meters in North America will grow at a compound annual growth rate of 30.2 percent between 2009 and 2015 to reach 74.6 million units at the end of the period. Asia-Pacific is projected to see the installed base of smart meters soar from a low level to 116.5 million units by 2015.
North America has the world’s highest penetration for automatic meter reading, exceeding 50 percent. Over the past years, many of the largest utilities in the U.S. have embarked on ambitious smart grid schemes where one of the main objectives is to deploy second generation advanced metering infrastructure. AEP, PG&E, Southern California Edison, Southern Company and Oncor are some of the largest utility groups having committed to fullscale rollouts to all customers. Furthermore there are numerous projects among medium sized and small utilities throughout the country. National and state policies play a major role in shaping developments. The U.S. market received a major boost through the Obama Administration’s American Recovery and Reinvestment Act that includes US$ 43 billion earmarked for the energy sector plus tax incentives. A number of states, including California, Texas, Florida and Pennsylvania have approved utility plans for massive smart meter deployments, while others such as Virginia have turned down major project proposals.
In Canada, the states of Ontario and British Columbia have introduced a mandatory requirement for smart electricity meters for all customers by 2010 and 2012 respectively. BC Hydro will start Canada’s largest project to date in 2010, involving 1.8 million metering points.
Asia-Pacific is in an early phase of the adoption of smart metering technology. Large-scale rollouts to residential customers have recently begun in Japan and South Korea, while
China remains in the piloting stage. National and industry leaders do, however, have clear visions for the adoption of the technology over the course of this decade. South Korea has adopted a national plan for the construction of a smart grid by 2020. Japan already has the world’s most advanced power grid monitoring systems in place and several of the leading utilities have announced plans for smart meter deployments over the next ten years. China is investing massively in the expansion of the nation’s energy infrastructure to keep up with the rapidly increasing power demand. State Grid Corporation of China is preparing for a nationwide rollout of smart meters to all electricity customers from the mid-2010s.
Australia and New Zealand began massive installations of smart meters at the end of the last decade. Adoption is driven by regulations in the case of Australia and by the main industry players in New Zealand.
For more information and to order the report “Smart Metering in North America and Asia-Pacific,” click HERE