Global Smart Meter Market (Electric, Water,
Gas, AMI) will reach $15.2 Billion by 2016
According to the new market research report ‘Global Smart Meter Market by Shipments,
Types, Geography, Applications, Regulations Market Trends & Forecasts: (2011-2016)’,
the global smart meter market is expected to grow from $4,381.0 million in 2010 to $15,261.4
million in 2016, at an estimated CAGR of 20.8% from 2011 to 2016.
Browse 116 market data tables & figures and 293 pages on “Global Smart Meter Market by
Shipments, Types, Geography, Applications, and Regulations Market Trends & Forecasts:
Early buyers will receive 10% customization on this report.
Smart meter is an electronic measuring instrument which enables two-way communication and
transfers the data between customers and utility players. It records the detailed data, collects and
stores interval data, and interfaces with other devices, such as in-home displays, smart
thermostats and appliances, home area networks, advanced control systems, and more. Major
applications of smart meters analyzed in the report are residential, commercial, and industrial.
The global smart meters market is estimated to reach $15,261.4 million in 2016 from $4,381.0
million in 2010, at a CAGR of 20.8% from 2011 to 2016.
The market in North America accounted for the highest share in the smart meter market with
$4,614.7 million in 2011, and is expected to reach $11,612.0 million in 2016 with a CAGR of
20.3%. Europe and APAC are driving the smart meter installation and expected to hold 19.7% of
the global market share in 2016. Residential was the largest and one of the fastest growing
application in 2010. This was primarily due to the rapid replacement of standard & AMR meters
with smart meters.
The global installation for smart electric meter was 25,400.0 thousand units in 2010.The
installation capacity for smart electric meter is projected to reach 104,100.0 thousand units by
2016; with a CAGR of 24.9% from 2011 to 2016 due to increasing demand for smart electric
meters in countries such as China, Australia, India, Sweden, The Netherlands, Spain, and the
U.S. through the governments’ support worldwide and to reduce the environmental footprint of
the country. Also, the installations for smart gas meter and smart waster meter also growing