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China Still Leading the Global Smart Meter Market with 68% of Tracked Installations
July 25, 2017 | Navigant ResearchEstimated reading time: 1 minute
A new report from Navigant Research analyzes the state of the global utility electric smart meter market, tracking data related to customer endpoints, meter manufacturers, advanced metering infrastructure (AMI) communications vendors, systems integrators, and meter data management (MDM) vendors.
In Asia Pacific, the smart meter market remains fragmented, with a subset of the region’s major countries engaging in large-scale projects and many others showing limited to no activity. While the market’s overall potential is expected to rest heavily on the success of India’s ambitious smart meter pursuits, high volume deployments continue across Japan and, particularly, China, as their utilities push toward near nationwide coverage. Click to tweet: According to a new report from @NavigantRSRCH, China continues to lead the global smart meter market through 1Q 2017 with upwards of 408 million meters installed, accounting for 68.3% of tracked installations.
“As expected, progress in China continues as the State Grid Corporation of China (SGCC) approaches the tail end of its nationwide rollout in 2017,” says Michael Kelly, research analyst with Navigant Research. “Meanwhile, the North American smart meter market has seen a handful of new project announcements and some notable project updates, while in Europe, smart electric meter activity remains high as multiple national rollouts continue in varying stages of deployment.”
In Eastern Europe, Latin America, and the Middle East & Africa, smart meter uptake remains limited, according to the report. These regions still face significant barriers to entry, though large-volume project activity is on the horizon, primarily as a function of theft prevention, labor cost reduction, and grid modernization goals.
The report, Global AMI Tracker 2Q17, provides an analysis of global utility smart meter projects. It tracks data related to global customer endpoints, meter manufacturers, AMI communications vendors, systems integrators, and MDM vendors. The report also includes an examination of the technologies, timeframes, and vendor selections for AMI deployments around the world, along with vendor selection share analysis for North America. An Executive Summary of the report is available for free download on the Navigant Research website.
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