IDC Energy Insights projects smart meter growth of 13% to 2015

IDC Energy Insights (Framingham, MA, USA) released a new analysis tool today called the “Worldwide Quarterly Smart Meter Tracker,” which is forecasting worldwide growth of 13% in smart meter unit shipments by 2015, with a total of over 460 million meters shipped through the forecast period.


IDC Energy Insights (Framingham, MA, USA) released a new analysis tool today called the “Worldwide Quarterly Smart Meter Tracker,” which is forecasting worldwide growth of 13% in smart meter unit shipments by 2015, with a total of over 460 million meters shipped through the forecast period.

According to the research, over the past year, growth in the market was driven strongly by government stimulus funding, which helped accelerate the speed at which projects were deployed, especially in the United States. While the speed of market adoption in the United States and EMEA has driven recent growth, looking forward, adoption in Europe and Asia/Pacific, mainly China, will act as the primary catalyst for market growth for the next 5-10 years.

“The bubble of opportunity for smart meter and communications vendors to capitalize on the expected growth of this market is now,” said Ryan Reith, program manager, IDC Energy Insights Tracker products. “Recent data from our Smart Meter Tracker research program clearly shows that both governments and vendors, including IT powerhouses like HP and IBM, will drive the deployment of smart meters and smart grid initiatives worldwide. We expect this space to quickly move from 5-7 strong vendors today to a competitive landscape of regional manufacturers competing for high-profile contracts in emerging markets.”

“These smart meter deployments represent the first wave of smart grid investment by utility companies worldwide,” said Rick Nicholson, group vice president, IDC Energy Insights. “Once the smart meters and communication networks are in place, we expect to see additional investment on the customer side of the meter in home energy management and smart building technologies as well as on the utility side of the meter in distribution management and distribution automation.”

IDC’s analysis tool defines smart meters as solid state electric meters with integrated two-way communications capabilities, which support multiple wireless and power line communications technologies, as well as a range of energy efficiency and demand response applications.

This data can be downloaded in pre-formatted tables or via a web-based query tool. IDC Energy Insights will launch additional new tracker products in June with data on Photovoltaic Modules and on Solar Inverters.