Navigant Research Shows China Continues to Lead the Global Smart Electric Meter Market, with Nearly 70 Percent of Tracked Installations
Trailing regions North America and Western Europe will continue to
present smart meter project opportunities as more late adopters come to
the table, report finds
BOULDER, Colo.–(BUSINESS WIRE)–#AMI–A new report from Navigant
Research analyzes the state of the global utility electric smart
meter market, tracking data related to customer endpoints, meter
manufacturers, advanced metering infrastructure (AMI) communications
vendors, systems integrators, and meter data management (MDM) vendors.
The smart electric meter market remains strong as developed markets
continue to mature through a mix of new deployments and
second-generation upgrades. Meanwhile, developing markets are showing
promise as new pilot- and commercial-scale projects continue to emerge. Click
to tweet: According to a new report from @NavigantRSRCH,
with upwards of 469 million smart meters at the end of 3Q 2017, China
continues to lead the market, accounting for 68.7 percent of tracked
global installations.
“The relatively developed markets of North America and Western Europe
trail China in installations but will continue to present project
opportunities as more late adopters come to the table in response to
lower technology costs and proven use cases,” says Michael Kelly,
research analyst with Navigant Research. “In addition, a higher
frequency of replacement and upgrade projects is expected, and is
already beginning to play out in parts of North America, Italy, and
Sweden. These second-generation projects are likely to affect vendor
share and communications share selection analyses, with powerline
communications already demonstrating a notable decline.”
In other regions, such as Asia Pacific, Latin America, and the Middle
East, the market remains fragmented or underdeveloped thanks to
deployments in major countries and limited to no activity in others,
according to the report. In Africa, the region continues to be inhibited
by financial constraints, though more high-level activity is emerging
from countries like Egypt, Nigeria, and South Africa.
The report, Global
AMI Tracker 4Q17, 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 MDM vendors. The Tracker 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 4Q17, 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.
Contacts
Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]
