Smart Meter Deployments will be a Key Part of Greenhouse Gas Reduction …

BOULDER, Colo. , Oct 26, 2011 (BUSINESS WIRE –
As countries across the Asia Pacific region step up their efforts
to curb emissions of greenhouse gases (GHGs and reduce energy costs,
utilities and governments are launching increasingly aggressive
deployments of smart meters, with the goals of reducing electricity use,
empowering consumers, saving money for both consumers and suppliers, and
paving the way for emerging technologies such as demand response and
smart grids. As carbon reduction and energy efficiency
efforts grow, smart meters and advanced metering infrastructure (AMI
will play a vital part in an overall smart grid strategy. Indeed,
in many Asia Pacific nations smart metering is regarded as the
fundamental step in reducing CO2 emissions and fostering a cleaner
society. According to a recent report from Pike
Research, the installed base of smart meters in Asia
Pacific will total more than 350 million by 2016, with countries such as
Japan, China, and Australia achieving smart meter penetration rates
among the highest in the world.

«The last two years have seen a surge in interest and activity
around smart meters in Asia Pacific,» says senior analyst Andy Bae.
«Electric utilities and solutions providers across the region are
starting to experiment with and deploy a wide range of innovations by
implementing nationwide smart grid projects that have smart meters at
their core.»

Among countries in the region, China has the most ambitious goals
for smart meter installations. By 2016, Pike Research
forecasts, China will represent more than three-quarters of the
installed base of smart meters in Asia Pacific, and the government has
declared plans to continue a large-scale meter deployment through at
least 2020. China plans to introduce 682 million to 782
million smart meter units by 2020 — a number that would dwarf
deployments in other countries.

Nevertheless, market barriers remain for utilities and suppliers
looking to capitalize on national smart meter programs. Price
burdens for Asia Pacific customers are high, as most national
policymakers believe that the costs of the rollout of smart meters
should be apportioned across the supply chain. In addition,
legislative issues — related to meter ownership, access to data, and
rights transfers resulting from switching electricity suppliers — are
yet to be ironed out.

Pike Research’s report, «Smart
Meters in Asia Pacific», provides an in-depth analysis
of key smart meter market trends in the Asia Pacific region as a whole,
including a detailed examination of business, technology, and regulatory
issues at the individual country level. The study includes
profiles of key industry players along with forecasts of unit shipments,
penetration rates, installed base, and revenues for smart meters in Asia
Pacific, segmented by country. An Executive Summary of the
report is available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides
in-depth analysis of global clean technology markets. The
company’s research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings
sectors. For more information, visit
www.pikeresearch.com
or call +1.303.997.7609.

SOURCE: Pike Research

          Pike Research         Richard Martin, +1-303-997-7609         press@pikeresearch.com 

Copyright Business Wire 2011

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