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Global Smart Electric Meter Market Value, 2012 - 2020


in U.S. billions
Global Market Value
Total Smart Meter Market Value

2012
$9.08

2013
$8.15

Global Smart Meter Market Value by Region, 2012 - 2020


in U.S. millions
World Region
North America
Central & South America
Europe
Asia Pacific
ROW
Total

2012
$3,214
$422
$3,010
$1,927
$506
$9,080

2013
$2,390
$543
$3,211
$1,354
$656
$8,154

Percent of Total Market


North America
Central & South America
Europe
Asia Pacific
ROW
Total

35%
5%
33%
21%
6%
100%

29%
7%
39%
17%
8%
100%

2012
$2,314.3
$180.0
$720.0
$147.7
$1,735.0
$138.0
$154.2
$34.0
$301.0
$451.0
$361.0
$150.0
$211.0
$77.1
$688.6

2013
$1,673.1
$251.0
$466.0
$195.5
$1,109.0
$168.0
$121.9
$56.0
$314.0
$475.0
$380.0
$152.0
$220.0
$71.7
$768.3

Smart Meter Market Value by Country, 2012 - 2020


in U.S. millions
Country
U.S.
Mexico
Canada
Brazil
China
Japan

India
South Korea

France
Germany
U.K.
Spain
Italy
Australia
Russia

Global Smart Electric Meter Installed Base, 2012 - 2020


in billions
Global Market Value
Total Smart Meter Installed Base

2012
260.9

2013
329.9

Global Smart Meter Installed Base By Region, 2012 - 2020


in millions
World Region
North America
Central & South America
Europe
Asia Pacific
ROW
Total

2012
61.3
5.3
53.7
134.8
5.8
260.9

2013
76.0
9.7
68.6
164.5
11.1
329.9

Percent of Total Market


North America
Central & South America
Europe
Asia Pacific
ROW
Total

23%
2%
21%
52%
2%
100%

23%
3%
21%
50%
3%
100%

Source: Zpryme

Segment Definitions
Segment
Smart Meter
Segment Definition
Meters can be for commerical, residential, or industrial use. A meter that records a customer's
electricity usage for time intervals of one hour or less, and can transmit that information to the
utility without the need for a human meter reader. Depending on the feature set, the meter
may also notify the utility of a power outage, provide pricing or other information to the
customer, or allow the utility to remotely switch electricity service on or off.

Methodology
Zpryme utilized both secondary and primary research sources to develop these market forecasts. Publicly
available sources, other syndicated market research reports, utility websites, and national Smart Grid
investment plans, goals/targets, and polices were also reviewed.
Utility Interviews and Surveys: In 2012 and 2013, Zpryme interviewed and surveyed over 350 utility
professionals about their Smart Grid sentiment, outlook, expenditures, and technology investment areas. The
data obtained from this research was taken into account to develop these forecasts. This research was
conducted at conferences, online, in-person, and over the phone.
Vendor Interviews and Surveys: In 2012 and 2013, Zpryme interviewed and surveyed over 600 Smart Grid
experts, engineers, consultants, technology vendors and equipment manufactures to assess market
revenues, trends, market size, and growth among various Smart Grid technology areas. The data obtained
from this research was taken into account to develop these forecasts. This research was conducted at
conferences, online, in-person, and over the phone.

Zpryme Conditions of Purchase:


The purchase of the bound or electronic copy of this report constitutes a contractual agreement between
Zpryme and the purchaser. This report is intended for use solely by the person or company who made the
purchase. The report and its contents are not to be made available to autonomous divisions, foreign
subsidiaries of the same company, or other companies. Reproduction of any material in this report is strictly
forbidden without written permission of the publisher. In turn, Zpryme will regard the identity of the reports
purchaser as confidential.

2014
$8.38

2015
$8.43

2016
$8.72

2017
$9.09

2018
$9.38

2019
$10.18

2020
$10.70

CAGR
2.1%

2014
$1,994
$592
$3,489
$1,513
$789
$8,376

2015
$1,567
$737
$3,824
$1,447
$850
$8,425

2016
$1,292
$836
$4,117
$1,436
$1,040
$8,720

2017
$1,027
$998
$4,313
$1,626
$1,122
$9,086

2018
$807
$934
$4,519
$1,924
$1,201
$9,385

2019
$791
$1,007
$4,777
$2,169
$1,438
$10,181

2020
$775
$1,229
$4,959
$2,355
$1,382
$10,700

CAGR
-16%
14%
6%
3%
13%
2%

24%
7%
42%
18%
9%
100%

19%
9%
45%
17%
10%
100%

15%
10%
47%
16%
12%
100%

11%
11%
47%
18%
12%
100%

9%
10%
48%
21%
13%
100%

8%
10%
47%
21%
14%
100%

7%
11%
46%
22%
13%
100%

2014
$1,395.7
$209.0
$389.0
$201.1
$1,230.0
$201.0
$136.2
$56.0
$327.0
$499.0
$399.0
$154.0
$229.0
$79.8
$994.3

2015
$1,096.6
$211.0
$258.0
$243.3
$1,092.0
$259.0
$130.2
$61.0
$339.0
$524.0
$419.0
$156.0
$238.0
$47.0
$1,014.4

2016
$904.1
$174.0
$213.0
$292.6
$974.0
$313.0
$114.9
$72.0
$352.0
$549.0
$439.0
$157.0
$247.0
$38.7
$1,171.6

2017
$719.10
$139.0
$170.0
$319.2
$860.0
$433.0
$146.3
$132.0
$377.0
$598.0
$474.0
$173.0
$252.0
$30.8
$969.5

2018
$565.0
$121.0
$121.0
$289.5
$1,023.0
$486.0
$192.4
$165.0
$403.0
$651.0
$511.0
$190.0
$257.0
$32.3
$908.0

2019
$553.6
$133.0
$104.0
$291.9
$1,188.0
$471.0
$195.2
$221.0
$431.0
$708.0
$551.0
$209.0
$262.0
$23.7
$790.0

2020
$542.3
$128.0
$105.0
$393.2
$1,379.0
$396.0
$212.0
$275.0
$460.0
$770.0
$594.0
$229.0
$267.0
$23.2
$787.0

CAGR
-17%
-4%
-21%
13%
-3%
14%
4%
30%
5%
7%
6%
5%
3%
-14%
2%

2014
401.5

2015
473.2

2016
552.8

2017
645.7

2018
745.0

2019
867.6

2020
980.4

CAGR
18.0%

2014
87.4
13.9
84.9
198.3
17.0
401.5

2015
97.1
18.8
103.2
231.2
22.9
473.2

2016
105.0
30.0
123.9
264.0
29.9
552.8

2017
111.7
40.0
146.8
302.2
45.0
645.7

2018
117.2
52.0
171.6
349.2
55.0
745.0

2019
121.7
75.0
198.4
404.5
68.0
867.6

2020
124.7
90.0
227.5
467.2
71.0
980.4

22%
3%
21%
49%
4%
100%

21%
4%
22%
49%
5%
100%

19%
5%
22%
48%
5%
100%

17%
6%
23%
47%
7%
100%

16%
7%
23%
47%
7%
100%

14%
9%
23%
47%
8%
100%

13%
9%
23%
48%
7%
100%

CAGR
9%
42%
20%
17%
37%
18%