Smart meter C&I market will reach nearly $13 million by 2020

Because commercial and industrial (C&I) customers are the largest users of electric power in a utility’s service territory, utilities have a strong incentive to meter them as accurately as possible. The market for smart C&I electrical meters continues to expand as utilities seek to lower operating costs and provide granular consumption data to C&I customers.

According to a new report from Navigant Research, worldwide shipments of smart meters for the C&I market will grow from 10 million annually in 2013 to 12.7 million annually by 2020.

“Smart meters provide a number of benefits for both utilities and their C&I customers,” says Neil Strother, senior research analyst with Navigant Research. “Deploying smart C&I meters and the related infrastructure eliminates or greatly reduces the need for manual or walk-by/drive-by meter readings, and provides more precise measurement of consumption as it relates to billing. At the same time, smart meters can help savvy C&I customers drive down operational costs, especially when linked with building energy management systems.”

In many countries, regulators have set ambitious targets for reducing energy consumption and improving energy efficiency. This is particularly true in Europe, where European Union regulators have set goals of a 20 percent reduction in greenhouse gas emissions, a 20 percent increase in energy produced from renewable resources, and a 20 percent improvement in energy efficiency by 2020.

Smart meter deployments in North America are well underway, and China is in the midst of a massive deployment of advanced meters, many of which will be installed at C&I facilities. Penetration rates of smart meters in North America, Europe, and Asia Pacific will rise to about 70 percent by the end of this decade, according to the report.

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