Dive Summary:
- The total number of electricity meters in 35 emerging markets will grow to 546 million by 2022, increasing the market to $56 million, according to Northeast Group's annual Emerging Markets Smart Grid: Outlook 2013 study.
- In recent years, smart grid activity has been focused in North America, Western Europe, and East Asia, but this study suggests that the market will see a spike in countries from Central/Eastern Europe, Eurasia, Latin America, Middle East/North Africa, South Africa and Southeast Asia.
- The new markets were active in 2012, with over 1.3 million AMI meters deployed; this is a direct result of the improvement of smart grid financing models and regulatory frameworks.
From the article:
Smart metering — or AMI — deployments will be the first step of smart grid activity in most of these countries, creating significant markets for the various AMI components across the 35 countries.
These components include meter hardware, communications, IT (meter data management and customer information systems), and professional services markets. Following AMI, there is strong potential for distribution automation, substation automation, wide area measurement and home energy management technologies, including distributed generation and electric vehicle supply equipment. ...