February 15, 2011
A number of electric utilities and governments in the Asia Pacific region are gearing up their smart grid initiatives, and smart meters will be an integral part of these programs. Advanced metering infrastructure (AMI), which utilizes two-way communications to enable real-time monitoring and control of energy use in residential, commercial, and industrial buildings, will be an important tool for the region’s utilities to accomplish their smart grid objectives. According to a new report from Pike Research, the total installed base of smart meters in Asia Pacific will increase from 52.8 million in 2010 to 350.3 million by 2016, representing a compound annual growth rate (CAGR) of 37%.
“Governments and utilities in Asia Pacific have four major goals for smart grid and smart meter deployments,” says senior analyst Andy Bae. “Their key objectives are to improve grid reliability and security, improve operating efficiencies of the grid infrastructure, balance power supply and demand, and reduce the electrical system’s impact on the environment. To accomplish these goals, key industry players in many countries are making an aggressive push for smart meter rollouts.”
Bae adds that, among countries in the region, China has the most ambitious goals for smart meter installations. By 2016, Pike Research forecasts, China will represent more than three-quarters of the installed base of smart meters in Asia Pacific, and the government has declared plans to continue a large-scale meter deployment through at least 2020. Japan, South Korea, and Australia will also represent large markets for smart meters.
Pike Research’s report, “Smart Meters in Asia Pacific”, provides an in-depth analysis of key smart meter market trends in the Asia Pacific region as a whole, including a detailed examination of business, technology, and regulatory issues at the individual country level. The study includes profiles of key industry players along with forecasts of unit shipments, penetration rates, installed base, and revenues for smart meters in Asia Pacific, segmented by country. An Executive Summary of the report is available for free download on the firm’s website.
Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors. For more information, visit www.pikeresearch.com or call +1.303.997.4619.