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 | Jan 15, 2024
Multifamily rent growth rate unchanged at 0.3%
The National Multifamily Report by Yardi Matrix highlights the highs and lows of the multifamily market in 2023. Despite strong demand, rent growth remained unchanged at 0.3 percent.
Apartments | Jan 9, 2024
Apartment developer survey indicates dramatic decrease in starts this year
Over 56 developers, operators, and investors across the country were surveyed in John Burns Research and Consulting's recently-launched Apartment Developer and Investor Survey.
Self-Storage Facilities | Jan 5, 2024
The state of self-storage in early 2024
As the housing market cools down, storage facilities suffer from lower occupancy and falling rates, according to the December 2023 Yardi Matrix National Self Storage Report.
Urban Planning | Dec 18, 2023
The impacts of affordability, remote work, and personal safety on urban life
Data from Gensler's City Pulse Survey shows that although people are satisfied with their city's experience, it may not be enough.
MFPRO+ News | Dec 11, 2023
U.S. poorly prepared to house growing number of older adults
The U.S. is ill-prepared to provide adequate housing for the growing ranks of older people, according to a report from Harvard University’s Joint Center for Housing Studies. Over the next decade, the U.S. population older than 75 will increase by 45%, growing from 17 million to nearly 25 million, with many expected to struggle financially.
Industry Research | Dec 9, 2023
Two new reports provide guidance for choosing healthier building products
The authors, Perkins&Will and the Healthy Building Network, home in on drywall, flooring, and insulation.The authors, Perkins&Will and the Healthy Building Network, home in on drywall, flooring, and insulation.
Student Housing | Dec 5, 2023
October had fastest start ever for student housing preleasing
The student housing market for the upcoming 2024-2025 leasing season has started sooner and faster than ever.
Industry Research | Nov 28, 2023
Migration trends find top 10 states Americans are moving to
In the StorageCafe analysis of the latest migration trends, each U.S. state was looked at to see the moving patterns of people in the last few years. These are the top 10 states that people are moving to.
Market Data | Nov 27, 2023
Number of employees returning to the office varies significantly by city
While the return-to-the-office trend is felt across the country, the percentage of employees moving back to their offices varies significantly according to geography, according to Eptura’s Q3 Workplace Index.
MFPRO+ News | Nov 21, 2023
Renters value amenities that support a mobile, connected lifestyle
Multifamily renters prioritize features and amenities that reflect a mobile, connected lifestyle, according to the National Multifamily Housing Council (NMHC) and Grace Hill 2024 Renter Preferences Survey.
