China Still Leading the Global Smart Meter Market with 68% of Tracked Installations
July 25, 2017 | Navigant ResearchEstimated reading time: 1 minute
A new report from Navigant Research analyzes the state of the global utility electric smart meter market, tracking data related to customer endpoints, meter manufacturers, advanced metering infrastructure (AMI) communications vendors, systems integrators, and meter data management (MDM) vendors.
In Asia Pacific, the smart meter market remains fragmented, with a subset of the region’s major countries engaging in large-scale projects and many others showing limited to no activity. While the market’s overall potential is expected to rest heavily on the success of India’s ambitious smart meter pursuits, high volume deployments continue across Japan and, particularly, China, as their utilities push toward near nationwide coverage. Click to tweet: According to a new report from @NavigantRSRCH, China continues to lead the global smart meter market through 1Q 2017 with upwards of 408 million meters installed, accounting for 68.3% of tracked installations.
“As expected, progress in China continues as the State Grid Corporation of China (SGCC) approaches the tail end of its nationwide rollout in 2017,” says Michael Kelly, research analyst with Navigant Research. “Meanwhile, the North American smart meter market has seen a handful of new project announcements and some notable project updates, while in Europe, smart electric meter activity remains high as multiple national rollouts continue in varying stages of deployment.”
In Eastern Europe, Latin America, and the Middle East & Africa, smart meter uptake remains limited, according to the report. These regions still face significant barriers to entry, though large-volume project activity is on the horizon, primarily as a function of theft prevention, labor cost reduction, and grid modernization goals.
The report, Global AMI Tracker 2Q17, provides an analysis of global utility smart meter projects. It tracks data related to global customer endpoints, meter manufacturers, AMI communications vendors, systems integrators, and MDM vendors. The report also includes an examination of the technologies, timeframes, and vendor selections for AMI deployments around the world, along with vendor selection share analysis for North America. An Executive Summary of the report is available for free download on the Navigant Research website.
Suggested Items
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.
Catching Up With Chasom Electronics
04/16/2024 | Dan Beaulieu, D.B. Management GroupI recently met with Chasom Electronics’ founding director Anil Kumar. Chasom offers a unique menu of services for companies looking to extend their technology capabilities on a short- or long-term basis. Read on to learn about this very unique service company.