For more information, contact: Richard Martin +1.303.493.5483 richard.martin@navigant Laverne Murach +1.202.481.7336 laverne.murach@navigant Global Smart Meter Unit Shipments Will Peak at 131 Million Annually in 2018, Forecasts Navigant Research July 11, 2013 – Boulder, CO – Following a period of rapid rollouts, the smart electric meter market has entered a slow growth phase worldwide. Deployments of new smart meters are down in North America, as U.S. federal stimulus funding tapers off, and the expected boom in smart metering has stalled for thAe near term in countries such as the United Kingdom and Brazil. Despite the current slowdown, however, smart meter manufacturers remain optimistic that expected large deployments will translate into new orders in the coming years. According to a new report from Navigant Research, worldwide shipments of smart meters will peak at 131 million units annually in 2018 before beginning a gradual decrease in shipment volumes. By 2022, according to the report, smart meter shipments will decline to 114 million units per year. “Although overall growth has flattened, the global smart meter market continues to experience an upward trajectory,” says Neil Strother, senior research analyst with Navigant Research. “In France, for instance, a the government plans to initiate a smart meter program that will unleash a widespread deployment of 35 million new smart meters from 2014 to 2020. Also, in Japan, Tokyo Electric Power Company (TEPCO) has taken the first steps toward deploying an expected 27 million new smart meters. And ongoing pilots in other Asia Pacific countries, Latin America, and the Middle East all indicate new business opportunities over the next several years.” Although the direct operational and societal benefits of smart meters and the broader benefits of smart grids continue to be debated among policy makers, utilities, regulators, and consumers, worldwide penetration rates demonstrate that acceptance is growing. Deployments in North America will lead to a smart meter penetration rate surpassing 80 percent by 2019, according to the report. Smart meter penetration in Europe is expected to match that level by the end of the forecast period. Driven primarily by China, the forecast penetration rate in Asia Pacific will reach nearly 70 percent by 2022. The report, “Smart Meters” [- navigantresearch/research/smart-meters] , examines the global market opportunity for smart electric meters, analyzing the drivers, market challenges, and technology issues that will shape the market over the coming decade. The report provides market forecasts through 2022 for smart electric meter shipments, penetration rates, and revenue, segmented by region. Key vendor profiles are also included. An Executive Summary of the report is available for free download on the Navigant Research website. - navigantresearch/research/smart-meters About Navigant Research Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Navigant Research can be found at navigantresearch. About Navigant Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at navigant. * The information contained in this press release concerning the report, “Smart Meters,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report. ###
Posted on: Sat, 13 Jul 2013 07:03:41 +0000
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