A new report from Navigant Research analyzes the global market opportunity for smart electric meters, with a focus on advanced metering infrastructure (AMI) communications technologies, including forecasts for smart electric meter installed bases, as well as shipments and associated revenue, through 2025.
The report, Market Data: Smart Meters, examines the global market opportunity for smart electric meters, with a focus on AMI communications technologies. The study provides market forecasts through 2025 for smart electric meter installed bases, as well as shipments and the associated revenue. Forecasts are segmented by region, country, utility type, and technology, including cellular, radio frequency (RF) mesh, point-to-multipoint, power line communication (PLC), and other (e.g., fiber and Wi-Fi). The report also examines the key global market drivers and barriers related to smart metering.
More than a decade after the earliest models of communicating electric meters were deployed, the market for AMI remains strong and growing. Smart meters are becoming more prevalent as projects in emerging markets begin to gain traction, while more developed markets remain active.
“The market for smart electric meters is anticipated to remain healthy over the 2016-2025 forecast period, with global revenue attributed to smart meter shipments expected to grow from approximately $8.8 billion in 2016 to over $10.7 billion in 2025,” says Michael Kelly, research associate with Navigant Research in a press release. “Further growth will be supported by utility- and government-sponsored deployments, along with a growing market for replacement and upgrade units.”
According to the report, following China’s massive smart meter rollout, activity is increasing across Asia Pacific, while Latin America and the Middle East & Africa are also experiencing increased activity after a slow entry into the smart meter market. New deployments continue among later adopters in the United States.
Related Stories
Multifamily Housing | Jun 29, 2023
5 ways to rethink the future of multifamily development and design
The Gensler Research Institute’s investigation into the residential experience indicates a need for fresh perspectives on residential design and development, challenging norms, and raising the bar.
Apartments | Jun 27, 2023
Average U.S. apartment rent reached all-time high in May, at $1,716
Multifamily rents continued to increase through the first half of 2023, despite challenges for the sector and continuing economic uncertainty. But job growth has remained robust and new households keep forming, creating apartment demand and ongoing rent growth. The average U.S. apartment rent reached an all-time high of $1,716 in May.
Contractors | Jun 26, 2023
Most top U.S. contractors rarely deliver projects on time: new study
About 63% of leading U.S. contractors are delivering projects out of schedule, according to a survey of over 300 C-suite executives and owners in the construction industry by XYZ Reality. The study implies that the industry is struggling with significant backlogs due, in part, to avoidable defects, scan, and rework.
Industry Research | Jun 15, 2023
Exurbs and emerging suburbs having fastest population growth, says Cushman & Wakefield
Recently released county and metro-level population growth data by the U.S. Census Bureau shows that the fastest growing areas are found in exurbs and emerging suburbs.
Contractors | Jun 13, 2023
The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of May 2023
Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 months in May, according to an ABC member survey conducted May 20 to June 7. The reading is 0.1 months lower than in May 2022. Backlog in the infrastructure category ticked up again and has now returned to May 2022 levels. On a regional basis, backlog increased in every region but the Northeast.
Industry Research | Jun 13, 2023
Two new surveys track how the construction industry, in the U.S. and globally, is navigating market disruption and volatility
The surveys, conducted by XYZ Reality and KPMG International, found greater willingness to embrace technology, workplace diversity, and ESG precepts.
| Jun 5, 2023
Communication is the key to AEC firms’ mental health programs and training
The core of recent awareness efforts—and their greatest challenge—is getting workers to come forward and share stories.
Mass Timber | Jun 2, 2023
First-of-its-kind shake test concludes mass timber’s seismic resilience
Last month, a 10-story mass timber structure underwent a seismic shake test on the largest shake table in the world.
Contractors | May 24, 2023
The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of April 2023
Contractor backlogs climbed slightly in April, from a seven-month low the previous month, according to Associated Builders and Contractors.
Multifamily Housing | May 23, 2023
One out of three office buildings in largest U.S. cities are suitable for residential conversion
Roughly one in three office buildings in the largest U.S. cities are well suited to be converted to multifamily residential properties, according to a study by global real estate firm Avison Young. Some 6,206 buildings across 10 U.S. cities present viable opportunities for conversion to residential use.