by Staff Writers
El Segundo CA (SPX) Jan 03, 2012
Because of their capability to save energy and to improve the efficiency of electrical grids, power utilities are expected to rapidly adopt smart electricity meters, causing global shipments to triple from 2011 to 2016-and spurring the doubling of the associated semiconductor market during the same period.
Worldwide smart meter shipments are set to rise to 62 million units in 2016, up from 20.5 million in 2011, according to the IHS iSuppli Industrial Electronics Service at information and analysis provider IHS.
Global sales of semiconductors used in these smart meters are projected to grow to $1.1 billion in 2016, up from $505.6 million in 2011.
"The original motivation for replacing conventional meters with smart meters was energy savings," said Jacobo Carrasco Heres, industrial electronics research analyst for IHS.
"However, a more compelling incentive is the instrumentation of the grid. With the use of smart meters, utilities finally will have a well-mapped grid that will enable them to plan electrical generation and manage their resources more efficiently."
The rollout of smart meters is being propelled by government support and regulations. For example, in the United States, stimulus money from the Smart Grid Investment Grant (SGIG) program is driving the replacement of conventional meters with new smart models. Meanwhile, the European Union is targeting an 80 percent conversion to smart meters by 2020, representing shipments of 180 million units.
Smart promotion of smart meters
One factor slowing market growth is a lack of money. Amid current economic conditions, investments in smart grids and smart meters are falling short of expectations in many cases.
Another factor is consumer acceptance: The deployment of smart meters alone may not be sufficient to convince consumers that these devices are desirable.
Instead, smart meters should be paired with services that deliver more value to consumers, such as a dashboard that shows the electricity consumption of appliances and other devices.
Combining smart meters with smart home features could represent a great opportunity for telecommunications companies. Sales of devices supporting these features will drive additional sales of semiconductors.
Smart chips for smart meters
Smart meters also are making greater use of system on chip (SOC) devices, which will integrate most of the functionality of the product into a single device.
Both smart meter shipments and the market for smart meter semiconductors will continue to expand in the coming years. Revenue in both areas, however, will flatten starting in 2015.
Learn more about this topic with the upcoming IHS iSuppli report, entitled: "Industrial Electronics Q4 2011 Market Tracker."
Powering The World in the 21st Century at Energy-Daily.com
Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.
Algal protein gives boost to electrochemical water splitting
Duebendorf, Switzerland (SPX) Dec 21, 2011
Water splitting in photo-electrochemical cells to yield hydrogen is a promising way to sustainable fuels. A team of Swiss and US scientists now made major progress in developing highly efficient electrodes - made of an algal protein, thus mimicking a central step in natural photosynthesis. Photosynthesis is considered the "Holy Grail" in the field of sustainable energy generation because i ... read more
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|