Emerging markets to more than double smart meter growth in 2013, $56bn market by 2022
WASHINGTON, Dec. 10, 2012 /PRNewswire/ -- The number of smart meter deployments across 35 emerging market countries in 2013 will be more than double the number of deployments in 2012, according to Northeast Group's annual Emerging Markets Smart Grid: Outlook 2013 study. With growth continuing throughout the decade, these countries will represent a smart metering - or advanced metering infrastructure (AMI) - market of $56 billion by 2022. The total number of electricity meters in these countries will grow to 546 million by 2022, with 27% already targeted by regulators to be "smart." The new study analyzes the smart meter and smart grid potential of 35 countries from Central/Eastern Europe, Eurasia, Latin America, Middle East/North Africa, South Africa and Southeast Asia.
"These 35 emerging market countries were active in deploying smart meters and associated smart grid infrastructure in 2012, with over 1.3 million AMI meters deployed. This activity does not even include the mega-markets of China and India, which are not covered in this forecast," said Northeast Group. "A number of emerging market utilities have already announced large projects for 2013, fueling our expectations that the number of smart meter deployments will more than double next year."
In recent years, smart grid activity has largely been focused in North America, Western Europe, and East Asia, primarily due to higher electricity demand profiles in these regions. But smart grid infrastructure offers emerging markets a diverse array of benefits as well, including improving reliability, reducing non-technical losses, and incorporating renewable sources of energy. As smart grid financing models and regulatory frameworks have improved, emerging market countries are catching up with their more developed peers.
"Regulatory development was somewhat mixed in 2012, but positive on the whole," continued Northeast Group. "In particular, emerging market countries are cooperating with more developed countries to establish interoperability standards for smart meters, helping reduce a considerable amount of risk from these investments. This will facilitate the entry of leading international vendors into the market, many of whom already have local partners and are established in these countries. In fact, ten leading international vendors accounted for over 90% of deployments across the 35 countries in 2012."
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