Smart meter market 2Q09: North America surges, Europe waits

Austin, Texas, October 20, 2009 – 2Q09 data from IMS Research shows a diverging market for advanced electricity meters between Europe and North America.

Continuing the pattern seen for 2009 so far, the North American market for advanced meters continues to surge, while the European market contracts.

Advanced meter shipments in North America were estimated to be up by roughly one-quarter for the first half of 2009, while for the same period the European market was estimated to have contracted by roughly one-third.

Senior Analyst Michael Markides explains “2008 witnessed a surge in deployments of two-way metering systems to North America, and this pushed the overall 2008 advanced meter market to record growth. Despite a weakening economy, the market for advanced meters grew during the first half of 2009 and is now forecast to represent another year of double-digit advanced meter market growth in North America.”

In contrast, the European market is more volatile as different factors influence the rollout of AMI projects.

“The market in Europe is undergoing a rough period in 2009, and most likely this will continue into 2010, mainly due to existing rollouts reaching completion and large national scale rollouts being slow to realize,” Markides said.

“Many countries are exploring full AMI deployments in the coming years, but with such large-scale planning comes a notable side effect – a market lag in the interim. IMS Research’s current forecast for Europe is to achieve record advanced meter market growth in 2011, once planned programs come online; but in the short term the European market for advanced meters is expected to continue to struggle.”

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Smart meter market 2Q09: North America surges, Europe waits

Austin, Texas, October 20, 2009 – 2Q09 data from IMS Research shows a diverging market for advanced electricity meters between Europe and North America.

Continuing the pattern seen for 2009 so far, the North American market for advanced meters continues to surge, while the European market contracts.

Advanced meter shipments in North America were estimated to be up by roughly one-quarter for the first half of 2009, while for the same period the European market was estimated to have contracted by roughly one-third.

Senior Analyst Michael Markides explains “2008 witnessed a surge in deployments of two-way metering systems to North America, and this pushed the overall 2008 advanced meter market to record growth. Despite a weakening economy, the market for advanced meters grew during the first half of 2009 and is now forecast to represent another year of double-digit advanced meter market growth in North America.”

In contrast, the European market is more volatile as different factors influence the rollout of AMI projects.

“The market in Europe is undergoing a rough period in 2009, and most likely this will continue into 2010, mainly due to existing rollouts reaching completion and large national scale rollouts being slow to realize,” Markides said.

“Many countries are exploring full AMI deployments in the coming years, but with such large-scale planning comes a notable side effect – a market lag in the interim. IMS Research’s current forecast for Europe is to achieve record advanced meter market growth in 2011, once planned programs come online; but in the short term the European market for advanced meters is expected to continue to struggle.”