Despite consumer concerns and recent reports around cooling of the smart-grid market, the Smart Meter deployment is well underway and actually picking steam. According to the recent report from Pike Research, the total number of planned smart meter installations has grown to 57.9 Million. Over 90 utilities are either installing smart meters or have approved plans for installations. By end of 2010, about 21 Million smart meters will be installed in United States. With an estimated 150 Million electric meters in US, very soon we will have more than 30% market penetration of smart meters. Looks like Smart Meters have truly crossed the chasm and are now into the "early majority" phase of the technology adoption life cycle.
Here is a link to the ARRA funded Smart Meter deployments projects. Interesting thing to note is that the ARRA funded projects while significant are a small minority of total smart meter deployments happening in the country. Out of the approximately 20 Million smart meters that will be installed by the end of 2010, only about 2 Million are from the ARRA funding. Rest are approved by state public utility commissions and are funded by the public.
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