Chip sales for smart meters set to double
December 22, 2011 | Dylan McGrath | 222903895
Sales of semiconductors used in smart electricity meters are projected to grow to $1.1 billion in 2016 from $505.6 million in 2011, due to rapid growth expected for the devices, according to market research firm IHS iSuppli.
Page 1 of 2IHS projects that global shipments of smart meters will triple during the same period, reaching 62 million units in 2016. The firm cited the capability of smart meters to save energy and to improve the efficiency of electrical grids for the growth projection.
Jacobo Carrasco Heres, industrial electronics research analyst for IHS, said through a statement that the original incentive for utilities to replace conventional meters with smart meters was energy savings. "However, a more compelling incentive is the instrumentation of the grid," Heres said. "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."
Logic ICsmainly metrology ICs and communications ICsstand to benefit the most from the growth of smart meters, IHS said. The next biggest opportunity is for microcomponents such as microcontrollers, digital signal processors and microprocessors, the firm said.
Smart meters also are making greater use of SoCs, which will integrate most of the functionality of the product into a single device, IHS said.
Although both smart meter shipments and the market for smart meter semiconductors will continue to expand in the coming years, revenue in both areas will flatten starting in 2015, according to IHS.
The rollout of smart meters is being propelled by government support and regulations, IHS said. In the U.S., stimulus money from the Smart Grid Investment Grant 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, IHS said.
Please login to post your comment - click here
- IP builds sub-1V Bluetooth Smart RF transceiver for wearable sensors and IOT
- Dialog collaborates with Energous to develop wire-free charging
- Xiaomi selects Dialog's Bluetooth Smart IC for wearable device
- Monolithic switching IC meets EU CoC Tier 2 guidelines
- Bluetooth Smart module requires no RF design expertise
- Bluetooth fights backs against Thread
- EnOcean Alliance specifies intelligent commissioning of smart buildings
- PLC modems support three standards across spectrum bands
- Dynamic photodiode eases logic-photovoltaic integration
- Global PV installations to pass record barrier in Q4
- Use Bluetooth Smart system-in-package module without RF expertise
- Power supply vendors shift rankings in turbulent market
- Siemens forms smart grid joint venture with Accenture
- Li-ion batteries for EVs to surpass $26n by 2023
- PV outlook in the Ukraine looks cloudier
MOST POPULAR NEWS
- FAA sparks more safety fears regarding lithium batteries
- High-temperature superconductivity discovery paves way for energy superhighways
- Audi makes the leap to 48V supply
- Cracking the diode compromise
- Lithium-ion to primary battery power design conversion strategies
- Tattoo biobatteries produce power from sweat
- View noisy signals with a stable oscilloscope trigger
- Semiconductor advance makes ultra-thin solar cells a reality
- Panasonic and Tesla Gigafactory battery plan forges ahead
- How Bluetooth Low Energy is driving designs for the Internet of Things
- Calculation of the Power Factor in current transients and the relative uncertainty
- BMW invoke fast battery chargers to spark EV sales
- Battery-powered water splitter delivers low-cost emissions-free fuel cells
- Can solar cells result from recycling lead-acid batteries?
- Wi-Fi backscatter provides power for IoT devices
- Comparing harmonics mitigation techniques
- New Linear Regulators Solve Old Problems
- Non-Metallic Contact Power Measurement Ensures Safety at the Worksite
- IEGT Plus SiC: A Hybrid Approach to Inverter Efficiency and Performance Improvement
- LTpower CADII Introduction & Quick Start Guide
- Integrated Analog and Digital Power Supply for Remote Sensors
- USB 5V 2.5A Output, 42V Input Synchronous Buck with Cable Drop Compensation