Expanding Infrastructure and the Increase in Smart Meter Usage
In a groundbreaking report, Berg Insight and Giesecke+Devrient (G+D) have delved into the trends shaping global energy marketplaces. This extensive analysis provides valuable insights into the future of smart metering market trends.
The report underscores the significance of connectivity in delivering consumer expectations for smart grid technology. With nations like China and Japan already completing nationwide smart meter rollouts, understanding the challenges and requirements of service delivery for smart meters is crucial.
The focus on renewables and eco-conscious living is driving the adoption of smart meters, leading to an explosion of Internet of Things (IoT) devices in the electricity space. This shift is evident in regions like Europe, where smart meter adoption is projected to reach 76% by 2027. North America is not far behind, with smart meter adoption expected to reach 90% by the same year.
India, too, is joining the smart metering revolution, planning to replace 250 million units of traditional meters with smart ones.
The report also sheds light on the growth of smart water meters. While electricity meters have seen significant innovation, water meters are poised for growth. Notably, Italy, the UK, and France have already installed 47 million smart meters for gas monitoring.
G+D's cellular IoT offerings for smart metering projects are simplifying connections between devices and technologies. This offering, which includes network authentication, IoT connectivity, connectivity enablement, lifecycle management, and security as standard, helps smart metering projects get off the ground faster. It streamlines system design & sourcing, rollout & integration, implementation & operation, and customer education.
Companies involved in the development and nationwide rollout of smart meter markets in Asia include Landis+Gyr, Itron, Honeywell (Elster), Siemens, and Sensus (a Xylem brand). These companies offer comprehensive smart metering and grid management solutions suitable for large-scale deployments.
The white paper provides key data from Berg Insight and perspectives from connectivity leaders, Giesecke+Devrient. It explores trends across global energy marketplaces, including Europe, North America, India, and East Asia.
In conclusion, the future of smart metering market trends is a fascinating and exciting field. The report by Berg Insight and G+D offers a comprehensive and insightful look into how this technology will help or hamper the future, providing invaluable information for businesses and consumers alike.
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