Global smart meter market status and development analysis

At present, all countries in the world are committed to the development of smart grid infrastructure for the safety, quality and economy of electricity use. However, one of the most important aspects of the successful operation of the smart grid is that it is necessary to collect electricity information of all power users in a complete and real-time manner. Therefore, the active construction of an advanced meter reading infrastructure (AMI) that is an intermediary position between both ends of electricity supply and consumption The primary task to promote the smooth development of the smart grid. To complete the basic construction of AMI deployment, smart meters must first be installed, so it also urges countries around the world to give priority to the construction of smart meters.

Global market size

At present, the number of electricity meters in use in the world, including industrial, commercial, and residential electricity meter users is huge. There are about 1.7 billion units in the world. If they are fully replaced by smart meters, the market size will be considerable. In 2012, global smart meter shipments reached 100 million units, a 31.6% increase from 2011. According to IDC, a market research agency, global smart meter shipments will reach 163 million units in 2015, with a compound annual growth rate of 15.4%. The In-Stat research also pointed out that the global smart meter market revenue is expected to exceed 12 billion US dollars in 2016, and the smart meter penetration rate will reach 59% by 2020. Market research organization Pike Research also estimated that the global smart meter installations will reach 963 million in 2020.

Figure 1: Data sources of global smart meter shipments and installations from 2008 to 2015: collated by MIC, March 2013

Figure 1: Global smart meter shipments and installations from 2008 to 2015 Source: MIC collated by the Information Policy Committee, March 2013

The development of the smart meter market in various countries mainly comes from the promotion and domination of national policies, that is, through the decree and subsidy policies to promote the construction of smart meters, for example, the EU requires its member states to replace all meters by 2022 Electric meter. With the active and active promotion of governments of various countries, the number of smart meter installations has shown a substantial growth since 2009; although the power and progress of different countries in promoting smart meters are different, plus the United States, which started the deployment of smart meters earlier, began in 2012 There will be a trend of decreasing year by year, but with the accelerated construction of countries around the world, the deployment of smart meters will continue to increase, and the overall market will continue to grow.

The international smart meter market first began to develop in Europe, the United States and other regions, and then spread to other regions of the world, including North America, Canada, Asia, Japan, South Korea, China, and Australia, New Zealand and Australia, all have relevant pilot programs Or the construction is being actively carried out. In addition, according to the market share ranking of various regions in the world, mainland China is the largest, accounting for 86% of the market share, followed by North America, Europe, Asia (excluding Mainland China), Latin America, the Middle East and Africa .

Overview of smart meter markets in various countries

North America

The United States is the area where the global AMI market is beginning to sprout. Its smart meter market was the world ’s largest demand market from 2008 to 2010, accounting for about 45% of the global market; 8% of the global market. From 2005 to 2010, the North American market had a compound annual growth rate of 80%, with shipments of US $ 12.1 million in 2010, a 49.2% increase from 2009.

The large-scale promotion of the AMI market in the United States mainly began with the $ 4.5 billion Smart Grid Investment Grant (SGIG) initiated in the 2009 Recovery and Reinvestment Act. Among them, the amount of AMI subsidies is about 817 million US dollars, accounting for 18% of the overall subsidy for smart grids. In addition, the US government is also actively promoting smart grid demonstration programs, such as the California State Energy Commission ’s SPP (Statewide Pricing Pilot, SPP) demonstration program, which selects 2,500 users to perform smart meter installation and demand response Demonstration of the plan. The US government urged states to actively promote the deployment of AMI until the end of March 2012. Under the SGIG plan, more than 10.8 million smart meters were installed in the United States, with a penetration rate of more than 20%; the research institute GTM Research predicts 2014 The cumulative number of smart meter devices in the United States will reach 5,700 units in the year, and the total number of devices expected to be completed in 2015 is 65 million, and the new business opportunities will reach about 62.9 billion US dollars; however, the deployment of smart meters in the United States is in After reaching the peak in 2011, the number of installations has been declining year by year. In addition, some US power companies have faced public concerns about privacy, health impacts and increased electricity bills, which have formed obstacles to promotion. Therefore, the US smart meter market will still Continued growth but showing signs of slowing down.

Europe

From 2008 to 2010, Europe was the second-largest market for smart meters in the world, accounting for about 31% of the global market; but by 2011, it retired to the third place, with a share of 3%. Including 27 EU countries plus two countries, there are currently 277 million electric meters in Europe; and the annual demand for electric meters in 2011, including new installations and replacements, totals 12 million to 17 million units about. All European countries have enacted laws requiring power companies to promote the construction of AMI. Among them, Italy and Sweden were the first countries to start investing in AMI construction. Large-scale construction was completed in 2009 and 2011 respectively; Spain completed the replacement construction of 1 million smart meters in 2011 The goal is to complete a comprehensive introduction in 2010; France also completed the installation of 300,000 smart meters in 2011, and plans to complete 35 million smart meters by 2017; Finland is also expected to complete in 2013 A comprehensive smart meter device; and Estonia and Norway are also expected to complete installation in 2017. The United Kingdom also announced the promotion of the nationwide AMI construction and the launch of the demonstration plan in 2011 and Austria from 2012. With Ireland and the Netherlands, the goal is to complete the national installation by 2020. As for Germany, unlike the government-led approach of other countries, it adopts an industry-led approach. However, the cost-benefit analysis to be implemented in Germany in 2013, based on its results, will likely change the smart meter promotion policy.

In the European market, as the follow-up smart meter plans in France, Spain and the United Kingdom entered a large-scale promotion stage, a new wave of market growth peaks occurred. The number of smart meter installations in Europe accounted for 18% of the total meter at the end of 2011; Berg Insight It is predicted that from 2011 to 2017, the number of smart meters installed will grow at an average annual rate of 20.5%, reaching 154.7 million units, accounting for 56% of the total meter; it is estimated that by 2020, all Europe 80% of the meters will be upgraded to smart meters. Since France, the United Kingdom and other countries will be installed before 2020, this high growth rate will slow down.

New Zealand and Australia

Australia is currently actively promoting the replacement of traditional meters with a lifetime of smart meters. It is expected to complete the installation of 2.6 million users in 2013; New Zealand has completed the installation of 1.3 million smart meters in the country in 2012. Electricity meter manufacturers competing in the Australian market include GE, Landis + Gyr, PRI Meters; MDMS manufacturers are Oracle; in the New Zealand market, electricity meter manufacturers are mainly Elster, MDMS manufacturers are also Oracle.

Asia

Japan

In the Japanese part of Asia, due to the impact of the 311 East Japan Earthquake in 2011, a new energy conservation law was planned, and instead of being mandatory in the past, it was actively planned to promote AMI. In 2012, the Japanese government subsidized 579.4 billion yen. It plans to push home users to complete 80% of the AMI construction within 5 years, and it will be fully introduced by 2020; enterprise users will promote the supply and demand adjustment contract, planning to install AMI within 5 years Up to 100%. Kansai Electric Power Co., Ltd., which had actively promoted the construction of AMI, tried to introduce about 1.5 million meters, and Kyushu Electric Power installed about 180,000 units. Tokyo Electric Power, Japan's largest power system operator, also officially announced the full promotion of AMI construction in 2012. It plans to install approximately 17 million smart meters covering more than 60% of users in the jurisdiction by 2018. Overall, the Japanese government has set a goal of being able to respond to 80% of total electricity demand with smart meters before 2016. It can be expected that Japan will become one of the drivers of the Asian AMI market after 2012.

Korea

The penetration rate of smart meters in South Korea at the end of 2010 was 5.7%. Among them, high-voltage customers reached a penetration rate of 99.9%, and low-voltage customers installed only 890,000 of the 17.53 million households, with a penetration rate of 4.8%. In the first phase of the smart grid basic plan promoted in 2012 and the plan for the popularization of smart meters, the Korean government expects to increase the number of smart meter devices from 550,000 households in 2011 to 10 million smart meter devices in 2016 Quantity, to achieve a 50% penetration rate of smart electricity expression. It is expected that the number of smart meters will increase to 1,700 units by 2020, and the market size will reach 5.4 trillion won.

China Mainland

Mainland China began to leap into the world's largest demand for smart meters in 2011, with a global market share of about 75%, and as high as 86% in 2012. The Chinese mainland government announced the promotion of AMI construction since the end of 2009, and formally included smart grid and AMI in the 12th Five-Year Plan in 2011. China State Grid plans to expand the construction of AMI to the whole country and start to promote the demonstration plan. It is expected that the shipments will reach 97.8 million units in 2016. Before 2020, the national electricity meters will be converted to smart meters, and it is estimated that investment RMB 200 billion will generate at least nearly 300 million business opportunities for replacing traditional meters. In 2011, the State Grid Corporation of China purchased a total of 59.7 million smart meters, the largest in the world.

MIC Perspective-The future growth of the smart meter market in the US will slow down, and Asia and Europe will become the market with the most growth potential

Looking at the global smart meter market, the United States and Europe are among the earliest countries to start deployment and have a large population. Therefore, they are currently the fastest-growing market with the highest demand. However, the United States has grown since the peak of construction in 2011. The strength has begun to slow down; while European countries have many countries, many countries are catching up, and there is still a lot of potential for growth in the future. Although Asian countries started to push late, due to the active promotion of Japan and South Korea, and the large populations of mainland China and India, they have become an emerging market with rapid growth in installations. It is expected that the growth momentum of smart meters will be mainly in China and Europe in the next 5 to 10 years. As for the manufacturers, currently there are several major European and American manufacturers of home appliances, chips, or MDMS. Because they entered the market earlier and possessed technology, they dominated the global market; To provide huge local market demand, especially in emerging markets such as mainland China, the potential for its rise cannot be underestimated; coupled with its implementation of protection policies, it has even prompted some manufacturers to squeeze into the global top ten.

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