Global smart meter revenue to surpass $12bn in 2016

SCOTTSDALE, USA: Global smart meter revenues will eclipse $12 billion by 2016, the vast majority ZigBee-enabled, forecasts market research firm In-Stat.

The smart meter is a device that is at the heart of the smart grid transformation. It records a user’s electrical, water, or gas usage at a set interval, and then provides a way for this data, or a subset of this data, to be read electronically.

“ZigBee has been considered the front-running short range connectivity option for smart grid since its inception, and has maintained its position so far. While the number of ZigBee clients in homes to date is relatively small, In-Stat believes that ZigBee will maintain its dominance,” says Allen Nogee, research director, In-Stat.

Powerline is the clear leader in backhaul connectivity from the meter to the utility. However, In-Stat forecasts that an increasing number of wireless solutions including cellular, white space, and proprietary methods that would use unlicensed and operate in mesh configuration, adds In-Stat.        

“Although Wi-Fi is pervasive, it has not been a viable choice for the smart grid because the application layers have never existed for Wi-Fi that explain exactly how Wi-Fi devices interact. That will all change with the passage of the IP-based Smart Energy Profile 2.0, expected late in 2012,” he adds.

China, the world’s biggest energy consumer, is also the biggest smart meter consumer. The number of smart meters deployed in the US per year will decrease after peaking in 2011, but worldwide smart meter deployment will continue to grow.