Gothenburg, Sweden – June 14, 2010: According to a new research
report from the analyst firm Berg Insight, the installed base of
smart electricity meters in Asia-Pacific will grow at a compound
annual growth rate of 91.0 percent between 2009 and 2015 to reach
116.5 million at the end of the period. Penetration for smart
metering technology is projected to soar from very low levels to 25.0
percent by the end of the period. By the mid-2010s, the majority of
all electricity meters shipped in the region is expected to have
advanced functionalities and networking capabilities. Berg Insight
anticipates that the leading economies in the region will have close
to 100 percent penetration by 2020.

“Asia-Pacific is the fastest growing market for smart metering
solutions in the world”, said Tobias Ryberg, Senior Analyst, Berg
Insight. “South Korea has begun the construction of a nationwide
smart grid where intelligent energy meters constitute the basic
building-block. Japan’s two largest power utilities have announced
plans for full-scale smart meter deployments in this decade and China
is preparing a nationwide rollout within three to five years.”
Altogether the three countries have an installed base of more than
360 million electricity meters today, with an annual growth rate of
3–5 percent.

Australia and New Zealand commenced with massive installations of
smart meters at the end of the last decade. Victoria will become the
first Australian state to achieve full penetration by 2013. Mandatory
rollouts are also being considered in other territories such as New
South Wales. In New Zealand, the adoption of smart metering is driven
by the energy industry. While many other countries have introduced
regulations for the new technology, New Zealand’s government has
decided not to interfere with the process.

Read more at www.berginsight.com/

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