Gothenburg, Sweden — (METERING.COM) — July 28, 2010 – The installed base of smart electricity meters in Europe will grow at a compound annual growth rate of 17.9 percent between 2009 and 2015 to reach 111.4 million at the end of this period, according to a new report from Berg Insight.
The report identifies France, Spain and the U.K. as the next countries in Europe where smart metering will become introduced, following major rollouts in Italy and the Nordic region.
“In the past year, EDF, Endesa and Iberdrola have launched large scale pilots in France and Spain, respectively. Next year, these deployments will evolve into nationwide rollouts in these countries,” said Tobias Ryberg, senior analyst at Berg Insight. “On top of that, the U.K.’s largest electricity and gas retailer British Gas has launched the first major smart metering project for residential customers in the country. These developments in combination with rollouts in several other European countries will drive strong market growth over the next five years.”
In other recent research, Pike Research has forecast that 276 million smart grid communications nodes will be shipped worldwide during the period from 2010 to 2016, with annual shipments increasing dramatically from 15 million in 2009 to 55 million by 2016. The majority of these will be advanced metering infrastructure (AMI) nodes for smart meters. Other smaller categories include home area network (HAN) nodes, network interface converters, generalized grid routers, AMI concentrators, wide area network (WAN) backbone nodes, substation routers, and substation ethernet switches.