Smart meter growth globally forecast at 13 percent to 2015


Ryan Reith,
Program Manager,
IDC Energy Insights
Tracker products
Framingham, MA, U.S.A. — (METERING.COM) — March 9, 2011 – The worldwide growth in smart meter unit shipments will be 13 percent from 2010 to 2015, with a total of 460.9 million smart meters shipped through the forecast period, according to new data from IDC Energy Insight.
Over the past year, growth in the market was driven strongly by government stimulus funding, which helped accelerate the speed at which projects were deployed, especially in the United States. However, while the speed of market adoption in the U.S. and EMEA has driven recent growth, looking forward adoption in Europe and Asia/Pacific, mainly China, will act as the primary catalyst for market growth for the next 5-10 years, IDC Energy Insight forecasts.

“The bubble of opportunity for smart meter and communications vendors to capitalize on the expected growth of this market is now,” said Ryan Reith, program manager of IDC Energy Insights Tracker products. “Recent data from our smart meter tracker research program clearly shows that both governments and vendors, including IT powerhouses like HP and IBM, will drive the deployment of smart meters and smart grid initiatives worldwide. We expect this space to quickly move from 5-7 strong vendors today to a competitive landscape of regional manufacturers competing for high-profile contracts in emerging markets.”

The tracker data also identifies the top vendors in the market and their market share based on shipments:

Rank Vendor Market Share
1 Itron 35.7%
2 Landis+Gyr 26.3%
3 Sensus 19.5%
4 GE 10.9%
5 Elster 6.9%

Additional vendor data reveals that the top vendors of communications modules in North America include Itron, Silver Spring Networks, Sensus, Landis+Gyr, Elster, Aclara, and Trilliant.

In EMEA, the top five smart meter vendors for 2010 shipments include Itron, Enel, Landis+Gyr, Echelon, and Iskraemeco.