US Smart Meters Market

NEW YORK, April 26, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

US Smart Meters Market

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US demand to rise more than 11% annually through 2015

Smart meter product and service demand in the US is projected to increase more than eleven percent annually to $4.4 billion in 2016. Advances will be driven by the rising penetration of smart meters, particularly advanced metering infrastructure (AMI) products. In addition, the rising share of smart meters in use over the decade supports demand for related parts and services as well as for replacement of older models.

Increasing penetration rates to drive growth

A critical issue when examining the market for smart meters is the penetration rates for these products (i.e., the share of the entire installed base of meters which is accounted for by AMI or AMR products). In 2011, there were approximately 325 million electric, gas and water meters installed in the US. Of these meters, more than 145 million -- or 45 percent -- were smart meters. Through 2016, the penetration rate for smart meters is expected to continue to increase rapidly, rising to 63 percent of all meters installed. After 2016, the penetration rate for smart meters is expected to continue to increase at a healthy, albeit at a slower pace, as several segments of the market begin to mature. Still the penetration rate for smart meters will continue to rise and by 2021 there will be approximately 285 million smart meters in use, representing more than 75 percent of all meters installed. The highest penetration rate is expected in electric meters, with smart meters representing more than 90 percent of all meters in use by 2021.

Electric market to outpace natural gas, water segments

The penetration rates between the different segments of the market are expected to rise at different paces, with the electric market seeing the fastest increases, rising eight percent annually to 75 percent of all electric meters installed by 2016. In addition, the electric market will see the fastest increases in AMI penetration, with AMI meters expected to be more than half of all smart meters installed in the electric segment by 2016. Reflecting the rapid increases in meter penetration, demand for smart meters will also increase most rapidly in the electric market, with gains of twelve percent annually through 2016. While not rising as fast as in the electric market, demand in both the natural gas and water segments will also increase rapidly, approaching ten percent annually in each of those markets.

Northeast, Midwest regions to be fastest growing markets

Through 2016, demand for smart meters will rise most rapidly in the Northeast and Midwest regions, primarily because these regions have been slower to roll out large scale smart meter installations, particularly installations of AMI meters in the electric market. As utilities in these regions begin to roll out smart meters, demand will rise. In contrast, demand in the West region will decline, primarily reflecting an elevated level of installations, as several large electric meter rollouts were completed in 2011.

Study coverage

Details on these and other findings are contained in the upcoming industry study, Smart Meters. It presents historical demand data for the years 2001, 2006 and 2011, plus forecasts for 2016 and 2021 by meter type (AMI and AMR), parts and accessories (e.g., meter and control software, and communication modules and controls) and installation and systems integration services, as well as by market (electric, natural gas, water) and US geographic region. The study also considers market environment factors, reviews regulations and technologies, assesses company market share and profiles 24 industry players, including Elster, General Electric and Itron.

TABLE OF CONTENTS

INTRODUCTION ix

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4

Economic Environment 4

Fixed Investment 8

Construction Outlook 11

Electricity Generation 14

Electric Generating Capacity 18

Electricity Consumption 21

Natural Gas Outlook 23

Water Distribution Outlook 25

Water & Sewer Spending 29

World Outlook 30

III. REGULATIONS & TECHNOLOGY 32

Regulations & Standards 32

Electric 32

Electric Utility Deregulation 33

Wholesale Deregulation 34

Retail Deregulation 37

Growth of Distributed Generation 40

Net Metering 41

Renewable Energy Portfolio Standards 43

Natural Gas 47

Water 49

Other 51

Energy Efficiency Resource Standards 52

Electric 52

Natural Gas 55

Smart Grid 57

Smart Meters 58

Technology 59

Smart Grid 60

Communications & Grid Integration 63

Radio Frequency 63

Cellular 64

Power Line Communication 65

Meter Data Management 65

Smart Meter Security 66

IV. PRODUCTS 69

General 69

Meters 72

Demand 73

Smart Meter Penetration 76

Advanced Metering Infrastructure (AMI) Meters 79

Automatic Meter Reading (AMR) Meters 82

Leading Meter Suppliers 84

Parts & Accessories 86

Meter & Control Software 87

Communications Modules & Controls 89

Other 91

System Installation & Integration Services 92

V. MARKETS 95

General 95

Electric Utilities 97

Electric Utility Outlook 98

Smart Meter Penetration 100

Smart Meter Demand 102

Investor-Owned Utilities 104

Public Utilities 105

Cooperative Groups 107

Independent Power Producers 108

Water Utilities 109

Water Utility Outlook 109

Smart Meter Penetration 110

Smart Meter Demand 112

Public Utilities 114

Investor-Owned Utilities 115

Cooperative Groups 116

Natural Gas Utilities 116

Gas Utility Outlook 117

Smart Meter Penetration 119

Smart Meter Demand 121

Investor-Owned Utilities 123

Public Utilities 124

Cooperative Groups 125

Independent Gas Marketing Firms 125

VI. REGIONAL 127

General 127

Regional Demographic & Economic Trends 128

Population Patterns 129

Economic Outlook 131

Construction Outlook 133

Smart Meter Demand 135

Northeast 138

New England 140

Middle Atlantic 140

Midwest 141

East North Central 144

West North Central 145

South 147

South Atlantic 149

East South Central 151

West South Central 152

West 153

Mountain 156

Pacific 158

VII. INDUSTRY STRUCTURE 161

General 161

Industry Composition 161

Market Share 165

Manufacturing 170

Marketing 171

Cooperative Agreements 172

Mergers & Acquisitions 183

Company Profiles 185

Aclara Power-Line Systems, see ESCO Technologies

Aclara RF Systems, see ESCO Technologies

Aclara Software, see ESCO Technologies

Arad Group 186

Badger Meter Incorporated 188

Capstone Metering LLC 191

Cooper Industries plc 192

Datamatic Limited 194

Dresser, see General Electric

E-Mon, see Honeywell International

Echelon Corporation 195

Ecologic Analytics, see Toshiba

Elster Group SE 198

eMeter, see Siemens

ESCO Technologies Incorporated 203

GE Digital Energy, see General Electric

General Electric Company 206

Holley Metering Limited 208

Honeywell International Incorporated 210

IBM, see International Business Machines

Inovonics Wireless, see Roper Industries

International Business Machines Corporation 212

Itron Incorporated 214

Landis+Gyr, see Toshiba

Master Meter, see Arad Group

Mueller Water Products Incorporated 220

Neptune Technology Group, see Roper Industries

Oracle Corporation 222

OSIsoft LLC 224

Roper Industries Incorporated 225

Schneider Electric SA 228

Sensus USA Incorporated 230

Siemens AG 233

Silver Spring Networks Incorporated 235

SmartSynch Incorporated 238

Tantalus Systems Corporation 240

Telvent GIT, see Schneider Electric

Toshiba Corporation 242

Other Smart Meter Companies 247

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 8

2 Nonresidential Fixed Investment 11

3 Construction Expenditures 14

4 Electricity Generation by Generator & Fuel Type 18

5 Electric Generating Capacity 20

6 Electricity Demand by End User 22

7 Natural Gas Outlook 25

8 Water Withdrawal & Use 28

9 Water & Sewer Construction Expenditures 30

SECTION III -- REGULATIONS & TECHNOLOGY

1 Overview of State Renewable Energy Portfolio Standards 46

2 Overview of State Energy Efficiency Resource Standards for

Electricity 53

3 Overview of State Energy Efficiency Resource Standards for

Natural Gas 56

SECTION IV -- PRODUCTS

1 Smart Meter Product & Service Demand 72

2 Smart Meter Demand by Type 75

3 Smart Meters in Use by Type 78

4 AMI Meter Demand by Type 81

5 AMR Meter Demand by Type 84

6 Smart Meter Part & Accessory Demand 87

7 Smart Meter System Installation & Integration Demand 94

SECTION V -- MARKETS

1 Smart Meter Product & Service Demand by Market

& Application 96

2 Electric Utility Indicators 100

3 Smart Electric Meter Penetration 101

4 Electric Utility Demand for Smart Meters 104

5 Water Utility Indicators 110

6 Smart Water Meter Penetration 112

7 Water Utility Demand for Smart Meters 114

8 Natural Gas Utility Indicators 119

9 Smart Natural Gas Meter Penetration 121

10 Natural Gas Utility Demand for Smart Meters 123

SECTION VI -- REGIONAL

1 Population by Region 131

2 Gross Domestic Product by Region 133

3 Construction Expenditures by Region 135

4 US Smart Meter Product & Service Demand by Region 137

5 Northeast Smart Meter Product & Service Demand 139

6 Midwest Smart Meter Product & Service Demand 144

7 South Smart Meter Product & Service Demand 149

8 West Smart Meter Product & Service Demand 156

SECTION VII -- INDUSTRY STRUCTURE

1 US Smart Meter Product & Service Sales by Company, 2011 164

2 Selected Cooperative Agreements 174

3 Selected Acquisitions & Divestitures 184

LIST OF CHARTS

SECTION III -- REGULATIONS & TECHNOLOGY

1 Status of Retail Electric Utility Deregulation, 2011 39

SECTION IV -- PRODUCTS

1 Smart Meter Demand by Type, 2001-2021 76

2 Smart Meter Penetration Rates, 2001-2021 79

3 Smart Meter Market Share, 2011 86

SECTION V -- MARKETS

1 Smart Meter Demand by Market, 2001-2021 97

SECTION VI -- REGIONAL

1 US Smart Meter Product & Service Demand by Region 137

SECTION VII -- INDUSTRY STRUCTURE

1 Smart Meter Product & Service Market Share, 2011 166

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