Smarter metering that delivers a greater awareness and opportunity for decision-making over energy and utility usage is being implemented now, globally. But who is going to pay? Government direction and investment? Large-scale utility roll out? The consumer? Is your company benefiting from this roll-out of smart meters? Visiongain has determined that the value of the global smart meter market will reach $7bn in 2012.
Visiongain calculates that as of December 2010, meters enhanced with AMR technology accounted for approximately 32% of the gas, electricity and water meters in North America and approximately 3% of the meters in Europe. While those enhanced with AMI technology accounted for only 15% of the gas, electricity and water meters in North America and 13% of meters in European countries, with only minimal penetration rates elsewhere. With progressive countries in the energy metering market such as Italy and Sweden having over 90% (2011) smart meter implementation it is clear how much scope there is for growth within the smart metering market -with Germany and the UK having fewer than 5% penetration (2011).