Smart Metering: A market picking up momentum ()

IDATE forecasts that there will be a total of just under 1.4 billion smart meters (electricity, gas and water combined) deployed worldwide in 2018, up from roughly 500 million in 2013; a CAGR of 22.7%. Many countries now have regulation in place which targets close to 100% replacement of current �...

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Bibliographic Details
Published inCommunications & Strategies no. 96; p. 149
Main Author Nakajima, Soichi
Format Journal Article
LanguageEnglish
Published Montpellier Institut de l'Audiovisuel et de Telecommunications en Europe (IDATE) 01.10.2014
Subjects
Automatic meter reading
Cellular telephones
Connectivity
Electricity
Forecasts
International
Internet access
Regulation
Europe
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Summary:IDATE forecasts that there will be a total of just under 1.4 billion smart meters (electricity, gas and water combined) deployed worldwide in 2018, up from roughly 500 million in 2013; a CAGR of 22.7%. Many countries now have regulation in place which targets close to 100% replacement of current 'dugmb' meters to smart ones by 2020, and such regulations are the primary driver of smart meter rollouts. IDATE forecasts cellular smart meter connectivity revenues of 1.5 billion EUR in 2018, up from 340 million EUR in 2013 with CAGR of 33.9%. Placing this into perspective of overall M2M, in 2018 IDATE expects smart meters (electricity, gas and water combined) to account for approximately 10% of all M2M cellular connectivity revenues. Looking further ahead, smart meters are in fact the first steps of building a national electrical smart grid, on top of which various services and applications can be built upon.
ISSN:1157-8637
2116-0341