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Smart Meter Shipments Increase to Over 140 Million Annual Units Worldwide By 2016

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According to IDC Energy Insights’ Worldwide Quarterly Smart Meter Tracker, in the fourth quarter of 2011 worldwide smart meter shipments grew 11.8% on the previous quarter, and up by 23.8% on the fourth quarter in 2010.

The forecast that accompanied, predicts that annual smart meter shipments will rise to over 140 million units worldwide by 2016, an increase of 25.4 million on 2011. The compound growth rate (CAGR) is 32.9% in the 2011 to 2016 period.

This year, smart meter shipments in Europe will increase as country-level planning continues to progress towards the “20-20-20” targets produced by the European Commission.

The Asia-Pacific regions will ramp up shipments as the huge markets in China and India begin to integrate (AMI) advanced metering infrastructure.

Japan, in the wake of Fukushima has gained focus on conservation, therefore the market has increased momentum, while Oceana are learning to manage the consumer backlash from previous deployments.

“Local deployment patterns are beginning to emerge in the global smart metering industry,” commented Dean Chuang, senior research analyst on the IDC Energy Insights Trackers team. “Each market and each utility has different needs and different intentions for their AMI system. Smart meter vendors are developing a wide array of solutions to fit the needs of each market.”

By 2016, IDC Energy Insight’s expects a pronounced difference between AMI in mature markets and upcoming emerging market deployments. Utilities in emerging markets tend to focus more on billing and theft deterrence than customer engagement or next-generation smart grid applications. Additionally, emerging markets have displayed a greater degree of price sensitivity than exhibited at earlier deployments in more mature AMI markets.

 

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