Smart Meters Market - UK 2010-2020AMA Research
October 26, 2010
69 Pages - SKU: AJLA2859531
Additional InformationAs part of the transition to a low carbon economy the government announced in December 2009 its intention to roll out the programme to replace the existing approximately 47million gas and electricity meters in Great Britain with smart meters by 2020.
As shown in the table left, the roll out of the majority of smart meters is intended to take place over the period 2012 to 2020 and within the peak 4 year period 2014 - 2017 around 33m electricity and gas meters are planned to be replaced in 18m households.
At present, volumes in 2010 are forecast at around 250,000 units which would mean around a 10-fold increase in the next 2 years alone just to achieve the 2012 starting point illustrated in the chart. Undoubtedly, volumes are rising with leading utilities such as British Gas expanding their installation programmes, but further expansion of the installation network will be significant to achieve the target rates. However, British Gas themselves have set a target of 2 million installations by 2012 which, if achieved, will result in the overall achievement of the 2012 target
Very recent announcements by the new coalition government have indicated a desire to bring forward completion of the programme to 2018 which would equate to an average installation rate of around 80-90,000 units per week in the 2012-2018 period - up from around 5000-6000 at present.
The roll out of smart meters will involve the replacement of some 47 million gas and electricity meters and the provision of associated communications. The cost is estimated at approximately £8.6 billion and is expected to deliver total benefits of £14.6 billion over a 20-year period, producing a net benefit of approximately £6 billion.
In 2012, the value of both gas and electricity smart meters is expected to rise to around £100m with displays at about £50m and the installation costs at £53m. As volumes increase, meter supply, display and installations bring the total market value to a peak of approximately £750m in 2014 remaining at that level to 2016 before gradually reducing to less than £100m by 2020.
We can help you find what you need. Call us or write us:
Need help in your search?
- Alternative Sources
- Utilities Equipment
- General Utilities
- Smart Meters
Smart Meters Reports