Smart metering to double market revenue as wireless goes global

Sponsored by

LONDON, UK, Oct. 22, 2013 -- The global market for wireless communication modules is expected to approximately double in value over the coming years with an increase in smart meter deployments, jumping from $532 million in 2012 to $1.3 billion in 2020, at a Compound Annual Growth Rate (CAGR) of 12 percent, according to a new report from research and consulting firm GlobalData.

The company's latest report states that North America, currently the dominant player in the global wireless communication modules market for smart meters, will be a key driver behind the leap, with its own market revenue expected to climb steadily from $379 million in 2012 to $433.7 million in 2020.

Europe will also continue to account for a considerable share of the global market, thanks to a significant number of pilot-scale projects getting underway across the region. The uptake of wireless communication modules in the UK, Denmark and Ireland in particular looks promising, according to GlobalData, and these countries are predicted to occupy an even larger share of Europe's wireless smart meter communication market by the end of 2020.

Cellular and Radio Frequency (RF) communication modules are the two key technologies used in smart meters for two-way data transmission. RF modules account for an 85 percent share of the North American market, thanks to their low cost, high bandwidth and efficient performance in industrial areas.

Ginni Hima Bindu, GlobalData's Analyst covering Smart Grid, said, "The preference for wireless communication modules over wired technology is also owed to their incredibly secured network, and as a result, we expect to see an increased take-up of wireless technology for smart meter deployments across North America, the UK and Japan, which will continue to drive the market over the forecast period."

###

Sponsored by

TODAY'S HEADLINES

WaterWorld launches third WaterShots online photo contest

WaterWorld has officially launched its third WaterShots online photo contest, intended to capture the essence of aging water and wastewater infrastructure across the nation.

DistribuTECH 2016 officially opens call for abstracts, proposals

DistribuTECH 2016, considered the largest annual transmission and distribution event in North America, is now calling for abstracts and Utility University proposals from industry leaders to speak at the conference.

HHS issues final recommendation for optimal fluoride level in drinking water

The U.S. Department of Health and Human Services have released the final Public Health Service recommendation for the optimal fluoride level in drinking water. The new recommendation is set for a single level of 0.7 milligrams of fluoride per liter of water.

DNREC accepting applications for wastewater, drinking water asset mgmt program

The Delaware Department of Natural Resources' Financial Assistance Branch has announced that it is now accepting asset management proposals from county and municipal governments for a new Wastewater and Drinking Water Asset Management Incentive Program. 

FOLLOW US ON SOCIAL MEDIA