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The Importance of Smart Meter Data Exchange Standards in Opening up the Grid's Edge

Publisher IDC
Published May 07, 2024
Length 8 Pages
SKU # IDC18780632

Description

The Importance of Smart Meter Data Exchange Standards in Opening up the Grid's Edge


This IDC Perspective discusses the critical role of open, interoperable smart meter data exchange standards such as DLMS/COSEM in supporting the energy transition and enabling advanced grid-edge applications. With more than a quarter of the 1.1 billion smart electricity meters deployed globally compatible with DLMS/COSEM, the adoption of such standards is essential for ensuring seamless integration, security, and future-proofing of smart metering infrastructures, as confirmed by industry experts. This is particularly relevant as energy systems worldwide move toward decarbonization and electrification."Smart meter data exchange standards are pivotal for the grid's edge, shaping the future of energy systems in our rapidly electrifying world," said Jean-François Segalotto, senior associate advisor, IDC Energy Insights.

Please Note: Extended description available upon request.

Table of Contents

8 Pages
Executive Snapshot
Situation Overview
The Growing Importance of Open Standards at the Grid's Edge
The Accelerating Energy Transition
New-Generation Metering
Technology Convergence
Rapid Time to Market for Meter Deployments
Critical Mass for Device Manufacturers
Selecting a Future-Proof Metering Data Exchange Standard
Global and Regional Headline Results for Smart Electricity Metering
Europe
Americas
Asia/Pacific
Africa
Advice for the Technology Buyer AND VENDOR
Advice for Buyers
Advice for Vendors
Advice for Meter Data Exchange Ecosystem Stakeholders and Decision-Makers
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Related Research
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