Smart Meters

Smart Meters to 2016

Freedonia Group, Date of Publication: Feb 22, 2012
US$4,900.00
FR2844

This study analyzes the US market for meters with built-in intelligence and communication capabilities. It presents historical demand data for the years 2001, 2006 and 2011, with forecasts for 2016 and 2021 by meter type (electric, natural gas, water), market (utilities, residential, nonresidential) and US geographic region. The study also considers market environment factors, reviews regulations and technologies, evaluates company market share and profiles industry participants.

US demand to rise more than 11% annually through 2015

Smart meter product and service demand in the US is projected to increase more than eleven percent annually to $4.4 billion in 2016. Advances will be driven by the rising penetration of smart meters, particularly advanced metering infrastructure (AMI) products. In addition, the rising share of smart meters in use over the decade supports demand for related parts and services as well as for replacement of older models.

Increasing penetration rates to drive growth

A critical issue when examining the market for smart meters is the penetration rates for these products (i.e., the share of the entire installed base of meters which is accounted for by AMI or AMR products). In 2011, there were approximately 325 million electric, gas and water meters installed in the US. Of these meters, more than 145 million -- or 45 percent -- were smart meters. Through 2016, the penetration rate for smart meters is expected to continue to increase rapidly, rising to 63 percent of all meters installed. After 2016, the penetration rate for smart meters is expected to continue to increase at a healthy, albeit at a slower pace, as several segments of the market begin to mature. Still the penetration rate for smart meters will continue to rise and by 2021 there will be approximately 285 million smart meters in use, representing more than 75 percent of all meters installed. The highest penetration rate is expected in electric meters, with smart meters representing more than 90 percent of all meters in use by 2021. Electric market to outpace natural gas, water segments The penetration rates between the different segments of the market are expected to rise at different paces, with the electric market seeing the fastest increases, rising eight percent annually to 75 percent of all electric meters installed by 2016. In addition, the electric market will see the fastest increases in AMI penetration, with AMI meters expected to be more than half of all smart meters installed in the electric segment by 2016. Reflecting the rapid increases in meter penetration, demand for smart meters will also increase most rapidly in the electric market, with gains of twelve percent annually through 2016. While not rising as fast as in the electric market, demand in both the natural gas and water segments will also increase rapidly, approaching ten percent annually in each of those markets.

Northeast, Midwest regions to be fastest growing markets

Through 2016, demand for smart meters will rise most rapidly in the Northeast and Midwest regions, primarily because these regions have been slower to roll out large scale smart meter installations, particularly installations of AMI meters in the electric market. As utilities in these regions begin to roll out smart meters, demand will rise. In contrast, demand in the West region will decline, primarily reflecting an elevated level of installations, as several large electric meter rollouts were completed in 2011.

This study can help you:

• Determine your market & sales potential
• Learn more about industry competitors
• Assess new products & technologies
• Identify firms to merge with or acquire
• Complement your research & planning
• Gather data for presentations
• Confirm your own internal data
• Make better business decisions

TABLE OF CONTENTS

Executive Summary
1 Summary Table

Market Environment
Economic Environment
Fixed Investment
Construction Outlook
Electricity Generation
Electric Generating Capacity
Electricity Consumption
Natural Gas Outlook
Water Distribution Outlook
Water & Sewer Spending
World Outlook

LIST OF TABLES & CHARTS:
1 Macroeconomic Indicators
2 Nonresidential Fixed Investment
3 Electricity Generation by
Generator & Fuel Type
Cht Status of Retail Electric Utility
Deregulation, 2011
4 Electric Generating Capacity
5 Electricity Demand by End User
6 Natural Gas Outlook
7 Water Withdrawal & Use
8 Water & Sewer Construction Expenditure

REGULATIONS & TECHNOLOGY
Regulations & Standards
Electric
Electric Utility Deregulation
Wholesale Deregulation
Retail Deregulation
Growth of Distributed Generation
Net Metering
Renewable Energy Portfolio Standards
Natural Gas
Energy Efficiency Resource Standards
Water
Other
Technology
Smart Grid
Communications & Grid Integration
Radio Frequency
Cellular
Power Line Communication
Meter Data Management
Smart Meter Security

LIST OF TABLES & CHARTS:
1 Overview of State Renewable Energy
Portfolio Standards
2 Overview of State Energy Efficiency
Resource Standards for Electricity
3 Overview of State Energy Efficiency
Resource Standards for Natural Gas

PRODUCT S & SERVICES
Meters
Demand
Smart Meter Penetration
Advanced Metering Infrastructure
(AMI) Meters
Automatic Meter Reading (AMR) Meters
Leading Meter Suppliers
Parts & Accessories
Meter & Control Software
Communications Modules & Controls
Other
System Installation & Integration Services

LIST OF TABLES & CHARTS:
1 Smart Meter Products & Services
2 Smart Meter Demand by Type
Cht Smart Meter Demand by Type, 2001-2021
3 Smart Meters in Use by Type
Cht Smart Meter Penetration
Rates, 2001-2021
4 AMI Meter Demand by Type
5 AMR Meter Demand by Type
6 Smart Meter Part & Accessory Demand
7 Smart Meter System Integration Demand
Cht Smart Meter Market Share, 2011

MARKETS
Electric Utilities
Electric Utility Outlook
Smart Meter Penetration
Smart Meter Demand
Independent Power Producers
Investor-Owned Utilities
Public Utilities
Cooperative Groups
Natural Gas Utilities
Gas Utility Outlook
Smart Meter Penetration
Smart Meter Demand
Investor-Owned Utilities
Public Utilities
Cooperative Groups
Water Utilities
Water Utility Outlook
Smart Meter Penetration
Smart Meter Demand
Investor-Owned Utilities
Public Utilities
Cooperative Groups

LIST OF TABLES & CHARTS:
1 Smart Meter Demand by Market
Cht Smart Meter Demand by
Market, 2001-2021
2 Electric Utility Indicators
3 Electric Meter Penetration
4 Electric Utility Demand for Smart Meters
5 Natural Gas Utility Indicators
6 Natural Gas Meter Penetration
7 Natural Gas Utility Demand
for Smart Meters
8 Water Utility Indicators
9 Water Meter Penetration
10 Water Utility Demand for Smart Meters

REGIONAL
Regional Demographic & Economic Trends
Population Patterns
Economic Outlook
Construction Outlook
Smart Meter Demand
Northeast
New England
Middle Atlantic
Midwest
East North Central
West North Central
South
South Atlantic
East South Central
West South Central
West
Mountain
Pacific

LIST OF TABLES & CHARTS:
1 Population by Region
2 Gross Domestic Product by Region
3 Construction Expenditures by Region
4 US Smart Meter Demand by Region
Cht US Smart Meter Demand by Region
5 Northeast Smart Meter Demand
6 Midwest Smart Meter Demand
7 South Smart Meter Demand
8 West Smart Meter Demand

INDUSTRY STRUCTURE
Industry Composition
Market Share
Product Development
Manufacturing
Marketing
Cooperative Agreements
Mergers & Acquisitions
LIST OF TABLES & CHARTS:
1 US Smart Meter Sales by Company, 2011
Cht Smart Meter Product & Service
Market Share, 2011
2 Selected Cooperative Agreements
3 Selected Acquisitions & Divestitures
Company Profiles
Industry Study with Forecasts for 2016 & 2021

Date of Publication:
Feb 22, 2012
File Format:
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