Posts Tagged ‘industry-research-tag’

Next Page »

Revenue from Smart Meters is Expected to Reach $6.6 Billion Annually by 2023

Tuesday, December 2nd, 2014

Major deployments continue in China and Japan, report finds

A recent report from Navigant Research examines the global market opportunity for smart electric meters, including global market forecasts for smart electric meter shipments and the associated revenue through 2023.

With deployments in North American slowing, the smart electric meter market has shifted emphasis to projects in Europe and Asia Pacific. Business activity is increasing in Western Europe, where projects in Spain, France, and the United Kingdom will account for some 93 million new meters by the end of 2020, and in Asia Pacific, where major deployments continue in both China and Japan. Click to tweet: According to a recent report from Navigant Research, worldwide revenue from smart meters is expected to grow from $5.1 billion annually in 2014 to $6.6 billion in 2023.

“The benefits of smart meters have come more sharply into focus as the market has matured,” says Neil Strother, principal research analyst with Navigant Research. “Utilities are gaining improved operations and reliability, along with reduced labor costs, while customers are becoming more engaged and in control of their energy use.”
Even in North America, where federal stimulus funds are nearly exhausted, steady growth in smart meter deployments is expected. Utilities that have yet to make the shift to smart meters, particularly midsize and smaller ones, are likely to do so amid an improving economy, according to the report. Larger investor-owned utilities are also on track to help fuel deployments over the next few years, as will utilities that are completing partial rollouts.

The report, “Smart Meters,” examines the global market opportunity for smart electric meters, with a focus on four neighborhood area network (NAN) communications technologies: radio frequency (RF) mesh, RF point-to-point, RF public, and power line communications (PLC). The report examines the drivers and barriers shaping the market, along with the major technology issues. Global market forecasts for smart electric meter shipments and the associated revenue, broken out by region, meter type, and NAN technology, extend through 2023. The report also provides key vendor profiles and a discussion of broad metering trends and activities worldwide. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact Information

Solar Installations to Rise 20 Percent in 2014, Thanks to Strong Fourth Quarter

Wednesday, October 8th, 2014

Global photovoltaic (PV) solar installations will rise to 45.4 gigawatts (GW) in 2014, with 32 percent of this total, or 14.4 GW, coming in the fourth quarter, according to IHS Technology (NYSE: IHS).

Although IHS has trimmed its forecast for 2014 by 1.5 GW due to weaker-than-predicted performance in several key markets, a 20 percent increase is still forecast in installations from 37.8 GW in 2013.

Driven by strong demand in China and the United States, the final quarter of the year will again be the largest in terms of new installations. A total of 32 percent of annual installations will occur during the fourth quarter, as presented in the attached figure. IHS predicts that these two countries alone will account for more than half of all global demand in the final quarter of 2014.

“Following a first half that saw declines in several key countries, the global PV solar market is undergoing a major acceleration in the final quarter of the year,” said Ash Sharma, senior director of solar research at IHS. “China and the United States will propel global growth. With China installing more than 5 GW and the United States installing 2.3 GW in the fourth quarter of 2014, these two countries will account for more than 50 percent of global installations during this period. The huge final quarter in China is expected to be only slightly higher than what was achieved in the same quarter of 2013—a figure that surprised many in the industry.”

Information in the release is derived from the Q3 2014 PV Demand Market Tracker from the Solar service at IHS.

A tale of two halves for solar

Several countries achieved strong installations in the first half of the year, including the United Kingdom and Japan. However, there were also declines in Europe and in countries that typically undertake more installations toward the end of the year. This set the stage for a major rebound in installations during the second half of the year. However, Germany and Italy will see another year of market decline with only 2.1 GW and 0.8 GW of new installations in 2014, respectively, down from 3.3 GW and 1.7 GW in 2013.

Second-half rebound for China and U.S.

Throughout 2014, IHS has expressed doubts over China’s capability to meet the ambitious targets the government set for distributed PV (DPV) in 2014. After a recent adjustment from its government, the country’s overall target of 13 GW is now in line with the IHS forecast.

However, IHS predicts that ground-mount PV will still dominate the market this year and account for 8.5 GW of installations. DPV is struggling to overcome barriers, including the lack of suitable rooftops and difficulties in obtaining financing.

Installations in the U.S. are forecast to follow a similar seasonal pattern in the final quarter. Installations have been ramping up throughout the year, and IHS predicts that 33 percent of U.S. installations in 2014 will be completed in the fourth quarter.

UK to become fourth largest PV market in 2014

Among the leading photovoltaic markets in 2014, the United Kingdom is experiencing the strongest percentage growth by far.

The country saw a huge boom in utility-scale installations in the first quarter as developers took advantage of the attractive renewable obligation certificates (ROC) scheme, which offered 1.4 ROC per megawatt-hour (MWh).

The U.K’s massive growth in 2014 is in part an unintended consequence of the government’s review and subsequent closure of the ROC scheme to PV projects above 5 MW in size. The resulting rush to beat the March 2015 deadline of the expiration of the scheme will lead to 3.1 GW of PV installations being completed in the fourth quarter of 2014 and the first quarter of 2015. IHS predicts that a significant portion of this will be completed in 2014 to avoid the bottleneck and delays in connections that were seen during an equivalent rush in February and March of this year.

In total, IHS forecasts 3.0 to 3.2 GW of new installations in 2014, making the United Kingdom the fourth largest market this year after China, Japan and the United States. IHS predicts that following a strong first quarter in 2015, in which more than 65 percent of annual installations in the U.K. will take place, utility-scale installations will fall, leaving residential and commercial rooftops as the main sectors.

Market growth to slow down in 2015, but to remain solid

Annual growth of global PV installations in 2013 and 2014 will be more than 20 percent as established markets have expanded rapidly. However, IHS is forecasting increases to slow to 16 percent with 53 GW of new capacity being installed.

China’s market more than doubled in 2013 and is projected to grow by 30 percent in 2014. Unless new policy or targets are raised further, IHS predicts China’s annual growth to slow to 10 percent in 2015—but still sufficient for the country to remain the largest end market globally.

Meanwhile, installations in Japan are expected to peak in 2014 at 9.1 GW, before slightly declining in 2015 as land availability, grid connection issues and an upcoming feed-in tariff review take their toll on demand.

Emerging regional hot spots across the globe represent huge opportunities for growth, and IHS predicts such markets will steadily increase their share. However, development in these regions should not be overestimated, as policies are slow to be implemented and governments are keen to avoid the boom-bust scenarios seen in other markets.


About IHS (www.ihs.com)

IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,000 people in 31 countries around the world.

Contact Information

Innovations in Smart Building Data Analytics

Friday, January 31st, 2014

Creating State of the Art Building Energy Management Systems

Buildings are fitted with thousands of controls and sensors that have the potential to offer millions of real-time data points that could be used manage energy and operations more efficiently. However, this data is rarely tracked or properly analyzed. Now, vendors are responding with a flood of building energy management systems (BEMS): software, hardware, and services that provide information on the performance of a building’s individual systems and its combined infrastructure.

These innovations come at a time when major energy users, such as corporations and government agencies, are becoming more strategic about how they manage energy across their building portfolios.  Featuring senior research analyst Eric Bloom, along with Peter Dickinson, Chief Technology Officer at BuildingIQ, and Jim Schwartz, Director of Strategic Marketing at Johnson Controls, this webinar will examine the broad landscape for building energy management systems, a market in which more than 400 companies play.  It will focus on new and emerging applications, such as automated demand response (ADR), ongoing commissioning, and space utilization, provided by leading BEMS vendors, and will feature case studies highlighting specific vendors’ highly differentiated offerings.

Key Topics:

  • Smart building data analytics
  • Building energy management systems (BEMS)
  • Big Data in the buildings industry
  • Software as a service (SaaS)
  • Direct digital controls (DDC)
  • Energy management software applications

What does this webinar answer?

  • What is the state of the art in building energy management systems (BEMS)?
  • What are the most compelling BEMS applications in the market today?
  • How will smart building data analytics evolve over time?
  • How is the emerging relationship between energy management and facility management unfolding, and how should BEMS vendors position themselves to remain competitive?
  • How many players are active in the BEMS market worldwide?
  • What are the key trends in BEMS technologies?
  • What is the overall size of the worldwide BEMS market?

Who needs to attend?

  • Building energy management system (BEMS) software developers
  • Building controls manufacturers
  • Enterprise operations software vendors
  • Energy efficiency service providers and engineering firms
  • Energy service companies (ESCOs)
  • Corporate energy managers and sustainability officers
  • Building owners and managers

Webinar Details

Date:
Tuesday, February 11, 2014

Time:
2:00 pm EST

REGISTER NOW

Speaker Details

Eric Bloom
Senior Research Analyst
Navigant Research

Peter Dickinson
Chief Technology Officer
BuildingIQ

Jim Schwartz
Director – Strategic Marketing
Johnson Controls

Contact Information

Strong Footprint in World’s Leading Solar Markets Forms Backbone to Continued Success of Chinese Producer Yingli

Tuesday, January 21st, 2014

Strong Footprint in World’s Leading Solar Markets Forms Backbone to Continued Success of Chinese Producer Yingli

China was the largest solar market in the world in 2013, besting a hotly contested field that included Japan, the United States and Germany, and Chinese manufacturer Yingli Green Energy was also the globe’s foremost supplier of solar modules for the second year in a row.

In all, the four countries accounted for two-thirds of worldwide PV demand last year, according to the latest analysis from IHS Technology (NYSE: IHS). The findings are contained in a new report, entitled “IHS Solar PV Integrated Market Tracker – Q4 2013.”

Yingli, based in the northeastern province of Hebei near Beijing, was a dazzling, high-output producer in three of those four markets. Shipping more than 3 gigawatts (GW) of solar modules last year, the Chinese maker expanded its share of the market to 8.3 percent, up from 7.4 percent in 2012 when it was already the world’s brightest solar player.

1.24.14

Overall in 2013, Yingli was the No. 1 producer in both China and Germany, second in the U.S., and ninth in Japan, as shown in the attached figure depicting shipments for the first three quarters of last year.

“A strong footprint in each of the world’s leading PV markets was the basis for the phenomenal growth behind Yingli,” said Stefan de Haan, principal analyst for photovoltaics at IHS.

Ahead on the solar front, Yingli shines

In China, Yingli’s solar module shipments amounted to 625.3 megawatts (MW) from the first to the third quarter in 2013, ahead of other Chinese-based rivals like Trina Solar and Jinko Solar.

Yingli was also the leader in Germany, long the world’s top PV market but ranked fourth last year. Shipping an estimated 583.9 MW of solar modules, Yingli was more than double the size of closest competitor Trina. And although impacted in Germany by the antidumping trade conflict, Chinese solar suppliers continued to maintain significant activity in the German market, with five out of that country’s Top 10 suppliers based out of China. Only two suppliers in that elite circle—SolarWorld and Conergy—were German.

For the United States, the No. 3 PV market in the world, Yingli came in second after Arizona-based First Solar. The U.S. photovoltaic market grew by more than 50 percent in 2013, and Yingli’s total shipments of 479.8 MW represented just 70 megawatts short of First Solar’s delivery.

The only market where Yingli did not place within the Top 3 was Japan, the world’s second-largest solar space, where Yingli ranked ninth after homegrown producers like Sharp and Kyocera. Foreign suppliers do not have an easy time entering the Japanese solar space, even though entry barriers there are not as high as in China.

Global PV was robust—and will remain healthy in 2014

After turning around in the first half of 2013 from a decline in 2012, solar markets worldwide continued their recovery as last year came to a close.

Driven by strong demand in Asia, global PV installations rose to 9.2 gigawatts in the third quarter, up from 8.7 GW in the second, de Haan noted.

As a result, global solar module shipments increased accordingly to 10.1 GW during the period, an all-time high as shipments exceeded 10 GW in a single quarter for the first time ever. Then in the fourth quarter global PV installations grew to 10.6 GW, and shipments rose as well to 10.3 GW.

The global PV industry can expect further robust expansion this year, likely at double-digit levels. However, some growth momentum could be lost during the course of the year as the Chinese and Japan markets experience decelerating growth following an installation boom in 2013.

“Such expected movements this year imply that the relatively healthy situation PV manufacturers experienced in the second half of 2013 will persist in 2014,” de Haan observed. “However, IHS does not expect any further significant improvement in profits and margins at this time beyond the levels achieved in the last two quarters of last year.”


About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs approximately 8,000 people in 31 countries around the world.

IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2014 IHS Inc. All rights reserved.

Contact Information

China’s LED Lighting Market to More Than Double to $7.4 Billion in 2017

Tuesday, December 10th, 2013

Driven by a virtuous cycle of falling prices, policy support, and energy goals, LEDs’ share of lighting in China will nearly double to 18% in four years, Lux Research says

China’s light-emitted diode (LED) lighting market will more than double to $7.4 billion in 2017 from $3.1 billion, as ongoing urbanization, local energy savings targets, and price cuts make the technology more appealing, according to Lux Research.

Both residential and commercial segments will drive LED lighting to a compound annual growth rate (CAGR) of 24%, far outpacing the 5.6% CAGR for the broader lighting market. As a result, LED lighting will grow its share of the lighting market from 9.6% to 18%.

“LED lighting has changed from expensive products outside the cost-conscious sweet-spot of Chinese buyers to value-adding solutions, gaining market share and realizing sustainable growth,” said Jerrold Wang, Lux Research Associate and the lead author of the report titled, “Running to the Light: Sizing China’s LED Lighting Market.”

Lux Research studied the Chinese LED market and industry value chain to assess opportunities for global players and investors. Among their findings:

  • Guangdong, Shanghai, Zhejiang, and Jiangsu are premium markets. In Lux’s Market Adoption Grid, these provinces emerged as the upper tier of “premium” markets for LED adoption. Guangdong offers the best overall combination, driven by the largest new and existing building floor space in 2015.
  • Residential segment shows fastest growth. The Chinese residential LED market will grow from $23 million in 2013 to $310 million in 2017, a CAGR of 92%, the highest among five market segments – as average prices fall the fastest, from $6.02 per fixture in 2013 to $3.13 in 2017.
  • Consolidation is coming. China’s end-product market is highly disaggregated, with more than 5,000 players. The top 50 suppliers account for only 33% of the market and the top 10 take merely 18%. Industry consolidation is imminent over the next five years, with suppliers of poor-quality products facing elimination.

The report, titled “Running to the Light: Sizing China’s LED Lighting Market,” is part of the Lux Research China Innovation Intelligence service.

About Lux Research

Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.

Contact Information

Lux Research Inc.

234 Congress Street
5th Floor
Boston, MA, 02110

tele: (617)502-5300
fax: (617)502-5300
www.luxresearchinc.com/

Concentrated Photovoltaic Solar Installations Set to Boom in the Coming Years

Tuesday, December 10th, 2013

After years of slow progress, the global market for concentrated photovoltaic (CPV) systems is entering a phase of explosive growth, with worldwide installations set to boom by 750 percent from 2013 to the end of 2020.

CPV installations are projected to rise to 1,362 megawatts in 2020, up from 160 megawatts in 2013, according to the new report entitled “Concentrated PV (CPV) Report – 2013” from IHS Inc. (NYSE: IHS).  Installations will expand at double-digit percentages every year through 2020, as presented in the attached figure.                              

IR2

CPV technology employs lenses or mirrors to focus sunlight onto solar cells. But while this allows for more efficient PV energy generation, the use of additional optics for focusing sunlight has also driven up the cost of CPV compared to conventional PV installations, limiting the acceptance of concentrated solar solutions.

Nonetheless, the situation is changing rapidly as advancements in CPV technology reduce costs.

“What is happening in today’s CPV market is very similar to that of the overall PV space in 2007, beset by high costs and an uncertain outlook,” said Karl Melkonyan, photovoltaic analyst at IHS. “However, the CPV market in 2013 is on the verge of a breakthrough in growth. Costs for CPV have dropped dramatically during 2013 and are expected to continue to fall in the coming years. Furthermore, when viewed from the perspective of lifetime cost, CPV becomes more competitive with conventional PV in large ground-mount systems in some regions.”

No trouble with the curve

Prices for CPV are retreating as manufacturing processes progress down the learning curve.

Average installed pricing for high-concentration PV (HCPV) systems are estimated to have decreased to $2.62 per watt in 2013, down 25.8 percent from $3.54 per watt in 2012. The decline is being driven by rising volumes and improved system efficiencies.

Prices will slide further at an annual compound rate of 15 percent from 2012 to 2017, IHS forecasts, falling to $1.59 by the end of 2017.

Lifetime costs

In the conventional PV market, cost analysis predominantly focuses on the module price-per-watt and the total installed cost-per-watt. When comparing the installed cost-per-watt of conventional PV to CPV, the cost of conventional PV is significantly lower.

This is mainly due to the higher panel cost of CPV, given that CPV suppliers have yet to achieve the economies of scale, as well as a better balance of system and installation cost, because of the required tracker system.

To be sure, conventional PV has a lower upfront cost and appears to be a more attractive option based on upfront system costs. However, this does not take into account the overall cost of the system over its lifetime, nor does it consider the energy yield of the system. Instead, it is important to compare the levelized cost of electricity (LCOE), IHS believes. The LCOE estimates the cost of generating electricity at the point of connection, dividing the total lifetime system costs by the total energy produced over the system’s lifetime. Such a calculation is also necessary in order to compare the competitiveness of PV and CPV with that of conventional power generation.

Using the LCOE, IHS predicts that system costs for HCPV will remain low enough to compete with conventional PV for large commercial, ground-mount systems in target regions. These are the areas with hot, dry climates and high daily irradiation at more than 6.0 kilowatt-hours per square meter of direct normal irradiation (DNI).

Contact Information

Smart Electricity Meters to Reach 100 Million Milestone in 2014

Tuesday, September 3rd, 2013

Counter to the somber mood that many metering manufacturers have been displaying in recent years, worldwide shipments of communication-enabled meters will grow to more than 100 million units annually in 2014, according to IHS Inc. (NYSE: IHS), a leading source of global insight and information.

Up from an estimated 82 million units in 2013, annual shipments of the meters will pass the hundred-million mark next year and remain there until at least 2017. By then, these units are expected to account for almost $5 billion in revenue for meter manufacturers, reveals the report entitled “The World Market for Smart Electricity Meters – 2013.”

130909_smartenergy_1

The projection comes despite a rapidly decreasing North American market given the drying up of government funding, watered-down meter legislation in Latin America and continuing delays to the long-expected smart meter rollouts in the European Union.

“While it is true that growth in many of the traditional markets for advanced metering solutions has been disappointing in recent years, there is quite a bit of good news as well,” said Jacob Pereira, IHS analyst for smart utilities infrastructure. “China’s massive infrastructure-modernization effort includes a continuing countrywide overhaul of old metering systems, and that can make a big difference in a country of well over 400 million metering endpoints. In addition, recent announcements from some of the larger EU economies have added clarity to when their long-anticipated rollouts will begin in earnest, charging up the market.”

Even so, the majority of communicating meters being installed in Chinese homes and businesses do not meet the “smart” criterion for many people, Pereira noted. “These meters are simple one-way communicating devices used for automatic meter reading, not the advanced functions usually associated with the word ‘smart.’ However, the European meter rollouts expected to start up within the next few years will generally incorporate multiple other features,” Pereira added.

The news of future growth is sure to be a relief to many manufacturers who have become used to dismal news in recent years, such as the end to U.S. stimulus funding, Brazil’s disappointing meter mandates and multiple delays to European rollouts.

“The market for communicating meters isn’t stopping, or even slowing for that matter,” Pereira observed. “It’s just changing locations.”   

Contact Information

Power Measurement Market Forecast to Reach Over $4 Billion in Revenue

Wednesday, June 5th, 2013

Strong growth is predicted for the power measurement hardware market, with global revenues amounting to more than $4.2 billion cumulatively over the next five years, according to a new report entitled “The World Market for Power Measurement Trends” from IMS Research, now part of IHS Inc. (NYSE: IHS).

Driving strong revenue growth for the global power measurement market are the following factors: increased electricity use, energy-efficiency initiatives, government mandates, more knowledge among building professionals on the benefits of submetering and the increased adoption of system-level control schemes—including building automation and energy-management systems. Submeters accounted for 65 percent of global metering revenues in 2012 and are forecast to grow faster than meters with power quality.

130605_smartenergy_1

“Installing submeters allows building owners to allocate costs and understand energy consumption at a department, floor, or even a machine level,” said Nicole Tuggle, smart utilities infrastructure analyst at IHS. “This holds business units accountable for the energy they consume. As energy users become more aware of their usage and how it relates to the costs they incur, there is more motivation to take responsibility for their actions and reduce energy consumption. Additionally, more detailed metering can highlight problem areas in buildings, thus presenting opportunities for cost savings,”

Almost half of global revenue in 2012 for submeters came from manufacturing and industrial applications. However, these sectors in the long term will account for a smaller share of global revenue as faster growth is predicted for numerous commercial applications. For instance, the transportation and infrastructure sector is projected to have the fastest revenue growth for submeters globally, doubling from $40 million in 2012 to more than $80 million by 2017. This is largely being driven by growth in the transportation system in China, where 82 new airports are planned to be built and more than 100 are planned to be expanded under the country’s 12th Five-Year Plan.

Because of strong economic growth and the many energy-efficiency and energy-consumption initiatives in place as a result of the 12th Five-Year Plan, Asia is forecast to have the fastest revenue growth for power measurement equipment during the next five years. However, the Americas region still remains the largest market in revenue terms, accounting for roughly 40 percent of the global power measurement equipment market in 2012. Historically, the Americas region has been the largest market for high-cost power quality meters.

“Many national directives and initiatives promoting energy efficiency and reducing energy consumption are driving the market for power measurement equipment,” Tuggle said. “Strong growth is predicted in the next several years for this market, and revenue is expected to reach roughly $1 billion annually in 2017.”

“The World Market for Power Measurement Trends – 2013” is a part of IMS Research’s comprehensive smart grid portfolio. The portfolio includes dedicated studies on utility metering, grid sensors, and distribution automation, which the firm has been studying for more than 15 years. The report includes tables on submeters, meters with power quality, networking equipment, industry applications, form factor, and market share, along with in-depth analysis and explanation.

Contact Information

Smart Grid Sensor Market Set to Double in Size by 2014

Thursday, May 30th, 2013

The market for smart grid sensors in North America is expected to grow dramatically during the next two years, according to a new study published by IMS Research, now part of IHS Inc. (NYSE: IHS).

The report, entitled “The North American Market for Smart Grid Sensors – 2013,” shows a major change is occurring in the feeder line sensing market in North America, with emerging technologies being offered from a series of new entrants to the market.

By 2014, IHS predicts that the smart grid sensors market will more than double in size from estimated 2012 levels, with annual revenue topping $100 million for the first time in 2015.

130610_smartenergy_1

“The market for feeder line sensors is undergoing radical change now,” said Michael Markides, associate director of the Smart Utility Infrastructure Group at IHS. “Older devices are being replaced by next-generation technologies that are offered by new market entrants. There are numerous takeaways from this, including the continued growth in distribution-level electronic devices, the continued push toward decentralizing grid intelligence and automation, as well as showing the evolving habits and behaviors of utilities in North America as they adopt new technology from a set of new vendors.”

Currently, market growth for smart grid sensors is coming from the replacement of older-style fault circuit indicators (FCIs). These older devices have been sold for decades to utility companies, which have been installing them on vulnerable overhead lines. But new technology, which is rapidly meeting the existing price point of the older technology, is swiftly gaining market share.

“This year is a transitional time for the feeder line sensor market,” Markides observed. “New suppliers are taking share away from traditional sensor suppliers, through product offerings which are future-proofed, easily upgradeable, and more dependable and accurate at detecting faults on overhead lines than legacy FCIs.”

While the short-term forecast shows dramatic growth for the new generation of smart grid sensors, long-term market growth is expected to be buoyed by the implementation of Volt/VAR Optimization (VVO) schemes across North America. Utilities are currently implementing varying levels of VVO in North America, even though significant market growth of VVO equipment (including sensors) is not expected until 2015.

“The emergence of better fault-detection technology, the unbundling of ‘siloed’ utility organizations and budgets, and the expected surge in VVO installations are all converging together to create a significantly strong market forecast over the next five years for smart grid sensors,” Markides commented. “By 2018, IHS expects smart grid sensors to have grown to well over $200 million in revenue annually.”

“The North American Market for Smart Grid Sensors – 2013” is a continuing part of IMS Research’s comprehensive smart grid portfolio. The portfolio includes dedicated studies on utility metering, grid sensors, and distribution automation, which the firm has been studying for more than 15 years. The report includes tables on product types, communications, applications and market share, along with in-depth analysis and explanation.

Contact Information

Smart Utility Meters to Account for Half of All Global Meter Market Revenues by 2016

Thursday, December 13th, 2012

The overall utility billing meter market is expected to reach nearly $13 billion in 2016, according to a study recently published by IMS Research, now part of IHS (NYSE: IHS). 2016 is also anticipated to be the first time that revenues for advanced utility meters match those of their basic, non-communicating counterparts.

121214_smartenergy_1

The study forecasts that revenues for communicating electricity, water, gas, and heat meters will continue to steadily rise as revenues for their non-communicating counterparts stay relatively stagnant over the next few years. IMS Research predicts that 2014 and 2015 will see an especially dramatic jump in both shipments and revenues of advanced metering solutions driven largely by new regulation in the European Union. 

Lead author of the study and IMS Research Analyst Jacob Pereira describes the trend thusly, “Although North American advanced utility meter shipments are slowing down after the boom years of the American Recovery and Reinvestment Act, the rest of the world is moving full-steam ahead. The EU, in particular, is projected to see phenomenal levels of growth, as countries move towards replacing most or all of their basic gas and electricity meters with communicating ones over the coming years. The U.K. alone has about 50 million gas and electricity meters installed, most of which will have to be replaced by 2019. Factor in all the countries that are mandating, or will mandate, advanced meters as part of the EU directives, and growth will be very strong, both in unit and in revenue terms.”

Asian markets are also beginning to see a significant shift towards communicating utility meters, a trend that is expected to continue in the coming years. “China, in particular, is expanding utility infrastructure and investing in large-scale advanced metering projects,” Pereira continues. “As both the most populous country in the world, and the world’s largest market for utility meters, it has an outsize effect on the overall market. But that’s not to say that other large markets in Asia such as Japan and South Korea are not also moving towards advanced metering. In fact, by 2016, we have calculated that Asian economies will consume twice the number of advanced utility meters as EMEA, the next-largest region.”

These trends and others are discussed in greater detail in IMS Research’s latest study, The Utility Meter Yearbook – 2013. The report is the result of a collaboration by subject-matter experts in the fields of electricity meters, water meters, gas meters, and heat meters, and contains over 150 tables and figures illustrating the utility meter market.

Contact Information

IMS Research

3-5 Huxley Close
Wellingborough, NN8 6AB
England

tele: +44 (0) 1933 40 22 55
fax: +44 (0) 1933 40 22 55
enquiries@imsresearch.com
imsresearch.com

Next Page »