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).
250M Smart Meters by 2015
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Scott Edward Anderson is a consultant, blogger, and media commentator who blogs at The Green Skeptic. More »
Marc Gunther is a writer, speaker and consultant, who focuses on business and the environment. More »
Christine Hertzog is a consultant, author, and a professional explainer focused on Smart Grid. More »
Jesse Jenkins is the director of energy and climate policy at the Breakthrough Institute. More »
Robert Rapier works in the energy industry and writes and speaks about energy and the environment. More »
Geoffrey Styles is Managing Director of GSW Strategy Group, LLC and an award-winning blogger. More »
Dan Yurman is a nuclear energy blogger and writes regularly for Fuel Cycle Week. More »
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