TMCnet News
China Continued to Lead the Global Smart Electric Meter Market Through 3Q 2016 with More Than 348 Million Smart Meter Installations, According to Navigant ResearchA new report from Navigant Research tracks global utility smart meter projects, providing data on global customer endpoints, meter manufacturers, advanced metering infrastructure (AMI) communications vendors, systems integrators, and meter data management (MDM) vendors. More than a decade after the earliest models of communicating electric meters were deployed, the market for AMI (or smart meters) remains strong and growing. Since the release of Navigant Research's Global AMI Tracker in 2Q 2016, the North American market has seen a handful of new project announcements (Entergy, National Grid, and Pacific Power) and some notable project updates (Ameren Illinois), while markets in Europe and Asia Pacific experience continued uptake. Click to tweet: According to a new report from @NavigantRSRCH, China remains the leading global smart electric meter market through 3Q 2016, with more than 348 million smart meters installed, accounting for 67.1 percent of tracked global installations. "The global smart meter market and its underlying technologies have evolved rapidly since the technology's inception," says Michael Kelly (News - Alert), research associate with Navigant Research. "Relatively developed markets include North America, Western Europe, and areas of Asia Pacific, all of which remain strong and growing with significant market opportunities remaining." In the coming decade, the second-generation smart meter market (replacements and upgrades) within these highly penetrated regions will begin to present significant revenue tream opportunities for product vendors and systems integrators, according to the report. Less saturated markets, including Eastern Europe, Latin America, and the Middle East & Africa, still face significant barriers to entry, but large volume project activity is forecasted across all of these areas. The report, Global AMI Tracker 4Q16, 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 meter data management (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. 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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com. About Navigant Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant's professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant's practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. * The information contained in this press release concerning the report, Global AMI Tracker 4Q16, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161220005049/en/ |
