The Installed Base of Smart Meters Will Surpass 1 Billion by 2022, Forecasts Navigant Research

Growth in the smart electric meter market has cooled during the last year, even though strong market drivers remain in place on which utilities can build a business case. Although the direct operational and societal benefits of smart meters and the broader benefits of smart grids that are enabled by smart meters continue to be debated among policymakers, utilities, regulators, and consumers, penetration rates continue to climb, reaching nearly 39 percent in North America in 2012. Click to tweet: According to a recent report from Navigant Research, the worldwide installed base of smart meters will grow from 313 million in 2013 to nearly 1.1 billion in 2022.