Shipments of Smart Meters for Commercial and Industrial Markets Will Reach 12.7 Million Annually by 2020, Forecasts Navigant

  Shipments of Smart Meters for Commercial and Industrial Markets Will Reach
  12.7 Million Annually by 2020, Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- May 22, 2013

Because commercial and industrial (C&I) customers are the largest energy users
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 valuable 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
approximately 70 percent by the end of this decade, according to the report.

The report, “Smart Meters for Commercial and Industrial Markets”, examines the
global market opportunity for smart C&I electrical meters, analyzing the
drivers and inhibitors that are shaping the market, along with major
technology issues. The report also provides market forecasts through 2020 for
smart C&I electrical meter shipments and the associated revenue. Case studies,
key vendor profiles, and a discussion of broad C&I trends are also included.
An Executive Summary of the report is available for free download on the
Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Smart Meters for Commercial and Industrial Markets,” is a summary and
reflects Navigant Research’s current expectations based on market data and
trend analysis. Market predictions and expectations are inherently uncertain
and actual results may differ materially from those contained in this press
release or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report’s conclusions and the
methodologies used to create the report. Neither Navigant Research nor
Navigant undertakes any obligation to update any of the information contained
in this press release or the report.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com
 
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