The Growing Market of Smart Meters

Published on Wednesday, 19 March 2014

The smart meter market is strongly expanding and its value will rise from $5.2billion in 2012 to $7.4billion over the next four years, according to “The smart meter revolution”, a report published by Telefonica.

In this document, the British company emphasised the huge potential of this field, which has become an industrial sector of its own, to the point that 800 million devices will be installed across the world, according to forecasts. In particular, in Europe 80percent of households will be equipped with a smart meter by  2020.

Italy is an exception, since the widespread installation of  smart meters covers 95percent of households. This preminence it largely due to Enel,  which already in the 90s studied the application of these devices, and then installed a total of 33 million meters for all Italian customers.

Additionally, 3.5 million smart meters have been installed in Spain by Endesa, which provided smart devices for 30percent of its residential customers.

By 2018, Endesa is planning on installing smart meters for all its customers, with important effects also in terms of employmentt, since the plan will create about 2,000 new jobs in the long term.

This is an accomplishment of the whole Enel Group, since the technology that is used has been developed by Enel and successfully applied in Italy.