Wireless smart metering takes off globally

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Posted on: 25 Oct 2013

Smart meter deployments are increasing around the world and driving the market for wireless communication modules.

25 October 2013 Wireless smart metering takes-off globally Smart meter deployments are increasing around the world and driving the market for cellular communication modules. The preference for wireless modules over wired technology is due to their low cost and secured network. These factors will continue to drive the market's global revenue. Cellular and Radio Frequency (RF) communication modules are the two key wireless modules used in smart meters for two-way data transmission. The global market for cellular communication modules for smart meters is expected to grow gradually between 2013 and 2020 and approximately double in value over the coming years, shows a new report. According to the report from GlobalData, the global market for wireless communication modules for smart meters recorded annual revenue of USD532 million in 2012. The annual revenue is expected to increase to USD1.3 billion by 2020, as a result of the deployment of smart meters in North America, the UK and Japan. However, this market is in the early growth phase with different segments of the market expected to grow at varied pace. The 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 USD379 million in 2012 to USD433 million in 2020. Currently, 85 percent of the smart meters installed in the region use wireless technology for transmitting the data to the utility center - thanks to their low cost, high bandwidth and efficient performance in industrial areas. 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, and these countries are predicted to occupy an even larger share of Europe’s wireless smart meter communication market by the end of 2020. GlobalData Related: Local policies drive renewables growth in Americas
Posted: 25 October 2013

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