6 Comments

Summary:

The Internet of energy is rapidly approaching. According to research firm Berg Insight, there will be 602.7 million smart meters installed throughout the world by 2016. That represents a compound annual growth rate of 26.6 percent between 2010 and 2016.

smartmeter1

The Internet of energy is rapidly approaching. According to research firm Berg Insight, there will be 602.7 million smart meters installed throughout the world by 2o16. That represents a compound annual growth rate of 26.6 percent between 2010 and 2016.

Penetration rates for smart meter tech are supposed to reach 50 percent in Europe and the U.S. and 75 percent in Asia by 2016. And by 2020, there is expected to be a 100 percent penetration rate in most developed countries, with more rollouts happening in India and developing countries in South America.

In Europe, the market push behind the smart meter rollouts come from a federal mandate, and in the U.S., it’s a combination of aggressive states, like California and Texas, and funds from the federal stimulus package. Japan, South Korea and China are also quickly rolling out smart meters, with China’s State Grid Corporation deploying 50 to 60 million smart meters per year.

I think the stats are important to point out, because when you hear about some of the media reports on negative pushback against smart meters in a few tiny communities in California, you might start to wonder if worldwide smart meter installations are really going to happen. The answer is yes. Yes, it’s happening, and quickly. That 600 million figure is for just five years from now.

Once smart meters are installed on most buildings and houses, then a more useful energy network can be developed, where utilities can create a two-way connection between their customer and themselves. Utilities will also be installing communication devices and networks on crucial parts of their grid to more easily detect outages, to shed load when needed and to monitor important gear like substations.

Image courtesy of akpoff

  1. Smart Meters – something to be afraid of? http://www.squidoo.com/beware-of-smart-meters

    Share
  2. Anoop Kulkarni, PhD Thursday, October 20, 2011

    hi, we are into energy efficiency products and services in India and I can say that there is a huge market for smart meters. Everywhere we go, all customers/prospects we meet, there is little awareness of energy efficiency but regulatory framework in the offing will make it mandatory for them and that is when all of this will happen. 2020 sounds realistic.

    Share
  3. I wouldn’t be so proud. Smart Meters are this century’s “lead pipes” – worse than cigarettes. Read the “Society of Environmental Journalists” report.
    http://www.sej.org/publications/tipsheet/many-are-claiming-health-problems-caused-smart-meters

    Share
    1. @Dave LOL.. I went ahead and read through the link. I have to say, that is the biggest load of crap I’ve ever read.

      Share
  4. I wouldn’t be so proud. Smart Meters are this century’s lead pipes. Far more damaging to health than cigarettes. Read the “Society of Environmental Journalists” position paper on them.
    http://www.sej.org/publications/tipsheet/many-are-claiming-health-problems-caused-smart-meters

    Share
  5. Jason R. Tuck, GISP Friday, October 21, 2011

    Things are changing fast. Smart meters are going to unlock so many cool opportunities including the interaction between social media and the smart grid. Interesting article featuring Opower here – http://www.gissmartgrid.com/2011/10/the-smart-grid-and-social-media/

    Share

Comments have been disabled for this post