Smart Meters

Advances will be driven by the rising share of smart meters in use, particularly advanced metering infrastructure (AMI) products, and by the greater number of smart meters to service.

US demand to see doubledigit gains through 2016

Smart meter product and service demand in the US is projected to increase more than eleven percent annually to $4.4 billion in 2016. Advances will be driven by the rising penetration of smart meters, particularly advanced metering infrastructure (AMI) products. In addition, the rising share of smart meters in use means that there are a greater number of meters to service, which will support demand for parts and services. The rising number of AMI meters will also generate demand for related products such as meter data management software. As mainly early generations of advanced meter reading (AMR) products, reach the end of their service lives, utilities will begin to replace these products.

In 2011, there were approximately 325 million electric, water and natural gas meters installed in the US, and 45 percent were smart meters. Through 2016, the penetration rate for smart meters is expected to continue to grow rapidly, rising to 63 percent of all meters installed. Following this strong growth, the penetration rate for smart meters is expected to continue to rise at a healthy, albeit slower pace, as several segments of the market begin to mature. By 2021, there will be approximately 285 million smart meters in use, nearing 80 percent of all meters installed. The highest penetration rate is forecast in electric meters, with smart meters representing over 90 percent of electric meters in use by 2021.

AMI meters to rise rapidly

Demand for smart meters will rise more than twelve percent annually to $3 billion in 2016. Growth will be supported by continued efforts by elec-tric utilities to increase the intelligence of the electric grid. Both the gas and water segments are also expected to see rapid growth in the use of AMI meters, albeit from a smaller base than the electric segment. In these markets, the added capabilities of AMI vis-à-vis AMR meters are less valuable to utilities. Still, the greater visibility provided by AMI meters and the declining cost difference between AMR and AMI products is supporting growth in the gas and water segments.

Northeast, Midwest to see fastest regional growth

Through 2016, demand for smart meters will grow most rapidly in the Northeast and Midwest regions, primarily because they are rising from a smaller base than the South and West regions. Utilities in the Northeast and Midwest have been slower to roll out large-scale smart meter installations, particularly installations of AMI meters in the electric market. In contrast, demand in the West region will decline from an elevated level as several large electric meter rollouts were completed in this region in 2011.

Study Scope

This study analyzes the $2.6 billion US smart meter product and service industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., advanced metering infrastructure meters, automatic meter reading meters), market (electric utilities, water utilities, natural gas utilities) and US geographic region.

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 24 industry participants, including Itron, Toshiba and Sensus USA.

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  1. Smart Meters

    $4,900.00

    1. 1 INTRODUCTION

      $323.00

    2. 2 EXECUTIVE SUMMARY

      $323.00

      1. Table | SMART METER PRODUCT & SERVICE DEMAND (million dollars)

    3. 3 MARKET ENVIRONMENT

      $1,995.00

      1. 3.1 General

        $323.00

      2. 3.2 Economic Environment

        $323.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      3. 3.3 Fixed Investment

        $323.00

        1. Table | NONRESIDENTIAL FIXED INVESTMENT (billion dollars)

      4. 3.4 Construction Outlook

        $323.00

        1. Table | CONSTRUCTION EXPENDITURES (billion dollars)

      5. 3.5 Electricity Generation

        $323.00

        1. Table | ELECTRICITY GENERATION BY GENERATOR & FUEL TYPE (billion kilowatt hours)

      6. 3.6 Electric Generating Capacity

        $323.00

        1. Table | ELECTRIC GENERATING CAPACITY (net summer capacity million kilowatts)

      7. 3.7 Electricity Consumption

        $323.00

        1. Table | ELECTRICITY DEMAND BY END USER (billion kilowatt hours)

      8. 3.8 Natural Gas Outlook

        $323.00

        1. Table | NATURAL GAS OUTLOOK (trillion cubic feet)

      9. 3.9 Water Distribution Outlook

        $323.00

        1. Table | WATER WITHDRAWAL & USE (trillion gallons)

      10. 3.10 Water & Sewer Spending

        $323.00

        1. Table | WATER & SEWER CONSTRUCTION EXPENDITURES

      11. 3.11 World Outlook

        $323.00

    4. 4 REGULATIONS & TECHNOLOGY

      $2,693.00

      1. 4.1 Regulations & Standards

        $1,958.00

        1. 4.1.1 Electric

          $1,046.00

          1. Table | OVERVIEW OF STATE RENEWABLE ENERGY PORTFOLIO STANDARDS

        2. 4.1.2 Natural Gas

          $323.00

        3. 4.1.3 Water

          $323.00

        4. 4.1.4 Other

          $519.00

          1. Table | OVERVIEW OF STATE ENERGY EFFICIENCY RESOURCE STANDARDS FOR ELECTRICITY

          2. Table | OVERVIEW OF STATE ENERGY EFFICIENCY RESOURCE STANDARDS FOR NATURAL GAS

      2. 4.2 Technology

        $734.00

        1. 4.2.1 Smart Grid

          $323.00

        2. 4.2.2 Communications & Grid Integration

          $323.00

        3. 4.2.3 Meter Data Management

          $323.00

        4. 4.2.4 Smart Meter Security

          $323.00

    5. 5 PRODUCTS

      $1,619.00

      1. 5.1 General

        $323.00

        1. Table | SMART METER PRODUCT & SERVICE DEMAND (million dollars)

      2. 5.2 Meters

        $774.00

        1. 5.2.1 Demand

          $323.00

          1. Table | SMART METER DEMAND BY TYPE

        2. 5.2.2 Smart Meter Penetration

          $323.00

          1. Table | SMART METERS IN USE BY TYPE (million units)

        3. 5.2.3 Advanced Metering Infrastructure (AMI) Meters

          $323.00

          1. Table | AMI METER DEMAND BY TYPE

        4. 5.2.4 Automatic Meter Reading (AMR) Meters

          $323.00

          1. Table | AMR METER DEMAND BY TYPE

        5. 5.2.5 Leading Meter Suppliers

          $323.00

      3. 5.3 Parts & Accessories

        $449.00

        1. Table | SMART METER PART & ACCESSORY DEMAND (million dollars)

        2. 5.3.1 Meter & Control Software

          $323.00

        3. 5.3.2 Communications Modules & Controls

          $323.00

        4. 5.3.3 Other

          $323.00

      4. 5.4 System Installation & Integration Services

        $323.00

        1. Table | SMART METER SYSTEM INSTALLATION & INTEGRATION DEMAND (million dollars)

    6. 6 MARKETS

      $2,137.00

      1. 6.1 General

        $323.00

        1. Table | SMART METER PRODUCT & SERVICE DEMAND BY MARKET & APPLICATION (million dollars)

      2. 6.2 Electric Utilities

        $844.00

        1. 6.2.1 Electric Utility Outlook

          $323.00

          1. Table | ELECTRIC UTILITY INDICATORS (billion dollars)

        2. 6.2.2 Smart Meter Penetration

          $323.00

          1. Table | SMART ELECTRIC METER PENETRATION

        3. 6.2.3 Smart Meter Demand

          $525.00

          1. Table | ELECTRIC UTILITY DEMAND FOR SMART METERS (million dollars)

      3. 6.3 Water Utilities

        $545.00

        1. 6.3.1 Water Utility Outlook

          $323.00

          1. Table | WATER UTILITY INDICATORS

        2. 6.3.2 Smart Meter Penetration

          $323.00

          1. Table | SMART WATER METER PENETRATION

        3. 6.3.3 Smart Meter Demand

          $323.00

          1. Table | WATER UTILITY DEMAND FOR SMART METERS (million dollars)

      4. 6.4 Natural Gas Utilities

        $626.00

        1. 6.4.1 Gas Utility Outlook

          $323.00

          1. Table | NATURAL GAS UTILITY INDICATORS

        2. 6.4.2 Smart Meter Penetration

          $323.00

          1. Table | SMART NATURAL GAS METER PENETRATION

        3. 6.4.3 Smart Meter Demand

          $337.00

          1. Table | NATURAL GAS UTILITY DEMAND FOR SMART METERS (million dollars)

    7. 7 REGIONAL

      $2,205.00

      1. 7.1 General

        $323.00

      2. 7.2 Regional Demographic & Economic Trends

        $409.00

        1. 7.2.1 Population Patterns

          $323.00

          1. Table | POPULATION BY REGION (million persons)

        2. 7.2.2 Economic Outlook

          $323.00

          1. Table | GROSS DOMESTIC PRODUCT BY REGION (billion dollars)

        3. 7.2.3 Construction Outlook

          $323.00

          1. Table | CONSTRUCTION EXPENDITURES BY REGION (billion dollars)

      3. 7.3 Smart Meter Demand

        $1,678.00

        1. Table | US SMART METER PRODUCT & SERVICE DEMAND BY REGION (million dollars)

        2. 7.3.1 Northeast

          $323.00

          1. Table | NORTHEAST SMART METER PRODUCT & SERVICE DEMAND (million dollars)

        3. 7.3.2 Midwest

          $340.00

          1. Table | MIDWEST SMART METER PRODUCT & SERVICE DEMAND (million dollars)

        4. 7.3.3 South

          $467.00

          1. Table | SOUTH SMART METER PRODUCT & SERVICE DEMAND (million dollars)

        5. 7.3.4 West

          $487.00

          1. Table | WEST SMART METER PRODUCT & SERVICE DEMAND (million dollars)

    8. 8 INDUSTRY STRUCTURE

      $4,931.00

      1. 8.1 General

        $323.00

      2. 8.2 Industry Composition

        $323.00

        1. Table | US SMART METER PRODUCT & SERVICE SALES BY COMPANY, 2011 (million dollars)

      3. 8.3 Market Share

        $323.00

      4. 8.4 Product Development

        $323.00

      5. 8.5 Manufacturing

        $323.00

      6. 8.6 Marketing

        $323.00

      7. 8.7 Cooperative Agreements

        $441.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      8. 8.8 Mergers & Acquisitions

        $323.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      9. 8.9 Company Profiles

        $4,891.00

        1. 8.9.1 Arad Group

          $323.00

        2. 8.9.2 Badger Meter Incorporated

          $323.00

        3. 8.9.3 Capstone Metering LLC

          $323.00

        4. 8.9.4 Cooper Industries plc

          $323.00

        5. 8.9.5 Datamatic Limited

          $323.00

        6. 8.9.6 Echelon Corporation

          $323.00

        7. 8.9.7 Elster Group SE

          $489.00

        8. 8.9.8 ESCO Technologies Incorporated

          $323.00

        9. 8.9.9 General Electric Company

          $323.00

        10. 8.9.10 Holley Metering Limited

          $323.00

        11. 8.9.11 Honeywell International Incorporated

          $323.00

        12. 8.9.12 International Business Machines Corporation

          $323.00

        13. 8.9.13 Itron Incorporated

          $520.00

        14. 8.9.14 Mueller Water Products Incorporated

          $323.00

        15. 8.9.15 Oracle Corporation

          $323.00

        16. 8.9.16 OSIsoft LLC

          $323.00

        17. 8.9.17 Roper Industries Incorporated

          $323.00

        18. 8.9.18 Schneider Electric SA

          $323.00

        19. 8.9.19 Sensus USA Incorporated

          $323.00

        20. 8.9.20 Siemens AG

          $323.00

        21. 8.9.21 Silver Spring Networks Incorporated

          $323.00

        22. 8.9.22 SmartSynch Incorporated

          $323.00

        23. 8.9.23 Tantalus Systems Corporation

          $323.00

        24. 8.9.24 Toshiba Corporation

          $441.00

      10. 8.10 Other Smart Meter Companies

        $323.00

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