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Smart Meter (Electric, Water, Gas, AMI) Market by Shipments, Types, Geography, Applications, Regulations Market Trends & Global Forecasts: (2011-2016)
Date:8/28/2013

(PRWEB) August 28, 2013

Global Smart Meters Market is estimated to reach $15,261.4 million in 2016 from $4,381.0 million in 2010, at a CAGR of 20.8% from 2011 to 2016. Browse 116 market data tables & figures and 293 pages on “Global Smart Meter Market by Shipments, Types, Geography, Applications, and Regulations Market Trends & Forecasts: (2011-2016).”

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Smart meter market has been globally growing with legislative incentives and governmental subsidies. The U.S. market, which is the largest, received financial stimulus of $4.5 billion in 2009 towards implementation of its smart grid projects. Under the federal grant program for smart grid investment, the federal body continues to provide financial assistance towards implementation of the 99 smart grid related projects in the country which includes 65 of smart meter related projects. The country is targeting to install 65 million smart meters by end of 2015 under the program. Smart meter penetration in the country reached closed to 25% by the end of 2011 and is aggressively growing. Nearly 500 utility companies in the country including major electric utilities like American Electric Power, Baltimore Gas & Electric, Common Wealth Edison, Dominion, and Florida Power have installed and are continuing to install the devices since 2007.

Europe is another major market for smart meters with Germany, UK and Spain in the top line. UK has announced recently plans to introduce 30 million smart meters starting in 2015. The total project is worth $18 billion (£11.7 billion) and is expected to be complete by 2020. Similarly, in Spain, major utilities such as Endesa and Iberdrola already initiated rolling out of smart meters and have a set target addition of 24 million de
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