In the past few years, factors such as lack of funds, consumer resistance, and utility companies’ unwillingness to deploy smart meter technology have limited market growth.Since 2020, the impact of the pandemic on the supply chain and installation procedures in 2021 has further negatively affected the market.
However, despite the negative restrictions, a lot of progress has been made.Let’s take a look at the top five achievements achieved in 2021.
According to a study, by 2021, the penetration rate of smart meters in Europe will exceed 50%, with more than 150 million installed in consumer homes and places.
This milestone is due to the increase in the digitalization and modernization of the power grid and the promulgation of supporting policies.
As of December 11, 2021, the UK is working hard to install 50 million smart meters, and 16.6 million devices are connected to the data communications company (DCC) network.
By 2026, the number of smart meters installed in Europe is expected to reach 227 million units, and Central, Eastern and Southern Europe, which has been slow to deploy in the past few years, is expected to become the first-generation deployment in the ten fastest-growing markets.
In the past few years, consumer acceptance and lack of funds have delayed the popularization of smart meters in India.To date, the efforts of utility companies have resulted in the deployment of more than 2 million devices across India.
However, the Indian government’s commitment in 2021 to install advanced devices for all residential customers by 2025 is expected to be a game changer.By 2025, more than 250 million smart meters will be installed and more funding mechanisms will be introduced to support deployment.
After COVID-19, more than 5 million smart meters will be installed in India each year as utility companies have increased their investment in digital tools to solve the problem of non-revenue electricity.
As the global economy strives to expand the hydrogen market to accelerate the decarbonization of industrial, energy production, transportation, and building heating and cooling systems, various efforts are striving to introduce 100% hydrogen meters.
The British government has cooperated with various smart meter manufacturers to develop 100% hydrogen meters.
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Smart meters are traditionally used to ensure accurate billing, but the digital transformation trend of the public utility sector in 2021 has led to the introduction and piloting of new use cases.
New use cases are being piloted in the UK and Japan.However, according to the research, factors including lack of advocacy and collaboration, technology and connectivity constraints, and supporting policies and regulations need to be addressed to make them mainstream.
In addition to using advanced metering infrastructure (AMI) to enhance billing, U.S. utility company also announced some new use cases, including the use of smart gas detectors for external monitoring of natural gas leaks.
The utility company will also install a cathodic protection test station to remotely monitor the gas distribution pipeline and evaluate the impact on the grid or soil leakage.
The interoperability and flexible connection of smart meters and grid devices are areas where the industry continues to work to improve the operation and efficiency of the smart grid environment.
Post time: Dec-29-2021