February 16, 2011 - A number of electric utilities and Departments of Energy in the Asia Pacific region are gearing up their smart grid initiatives, and smart meters will be an integral part of these programs. Advanced metering infrastructure (AMI), which utilizes two-way communications to enable real-time monitoring and control of energy use in residential, commercial, and industrial buildings, will be an important tool for the region's utilities to accomplish their smart grid objectives.
According to a new report from Pike Research, the total installed base of smart meters in Asia Pacific will increase from 52.8 million in 2010 to 350.3 million by 2016, representing a compound annual growth rate (CAGR) of 37%.
'Governments and utilities in Asia Pacific have four major goals for smart grid and smart meter deployments,' says senior analyst Andy Bae. 'Their key objectives are to improve grid reliability and security, improve operating efficiencies of the grid infrastructure, balance power supply and demand, and reduce the electrical system's impact on the environment. To accomplish these goals, key industry players in many countries are making an aggressive push for smart meter rollouts.'