News Articles

Tuesday, June 15, 2010

Smart metering penetration in Asia-Pacific to reach 25% in 5 years

A quarter of all electricity meters in the Asia-Pacific region will be 'smart meters' by 2015, according to a new research report from analyst firm Berg Insight.

Smart meters report more information than a conventional meter and generally also pass certain details back to the utility company – often via a mobile phone connection – to assist monitoring and billing.

Berg Insight says the number of smart electricity meters in Asia-Pacific will grow at a compound annual growth rate of 91% between 2009 and 2015 to reach 116.5 million at the end of the period. In fact, Berg Insight expects some countries to have approaching 100% penetration by 2020. The Australian state of Victoria has already committed to 100% smart metering by 2013.

Tobias Ryberg, Senior Analyst at Berg Insight, said "Asia-Pacific is the fastest growing market for smart metering solutions in the world. South Korea has begun the construction of a nationwide smart grid where intelligent energy meters constitute the basic building-block. Japan’s two largest power utilities have announced plans for full-scale smart meter deployments in this decade and China is preparing a nationwide rollout within three to five years."

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: NewsNumber of views: 753

Tags: research m2m smart meters

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«October 2017»
MonTueWedThuFriSatSun
2526272829301
2345678
9101112131415
16171819202122
23242526272829
303112345

Archive

Terms Of Use | Privacy Statement