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2019-07-05
Smart meter penetration in North America to reach 81 percent by 2024
According to new a research report from the IoT analyst firm Berg Insight, the installed base of smart electricity meters in North America will grow at a compound annual growth rate of 8.0 percent between 2018 and 2024 to reach 142.8 million at the end of the period. Over the next five years, smart meter penetration among electricity customers in the US and Canada is projected to increase from around 60 percent in 2018 to more than 80 percent by the end of 2024. “North America has long been at the forefront of smart grid technology adoption and a large share of the major utilities in the region are now either fully deployed or in the implementation or planning stages of full-scale rollouts. The market is however highly heterogenous in terms of penetration. Some states or provinces remain skeptical towards the business case for advanced metering investments whereas others are soon to begin a second wave of deployments”, said Levi Östling, IoT Analyst, Berg Insight and author of the report. Canada has reached a high penetration of smart meters through ambitious initiatives in its most populous provinces. Continued growth in North America the next few years will largely be driven by the large investor-owned utilities in the US that are yet to roll out smart meters for their customers. In addition, the large number of smaller cooperative and municipal utilities will also be playing an increasingly central role for penetration growth. According to the report, yearly shipments of smart electricity meters in North America will grow from 8.8 million units in 2018 to 19.9 million units in 2024. Over the next few years, first-wave deployments by utilities such as Consolidated Edison, Duke Energy, Ameren, Entergy, PSEG, National Grid and Xcel Energy will boost shipments. Second wave deployments will gradually make their way into the shipment numbers at the end of the forecast period. “While increasingly powerful meters with edge intelligence capabilities coupled with advanced data analytics software will drive second wave deployments, the utilities are now also looking to leverage their existing RF mesh networks for a wider array of applications beyond metering, bringing an increasingly diverse set of devices onto their networking platforms”, concluded Mr. Östling.

2019-07-04
Berg Insight says 18 million North Americans used connected care solutions in 2018
A new report from the IoT analyst firm Berg Insight has found that around 18.0 million people in North America were using connected care solutions at the end of 2018. The figure refers to users of medical alert systems, connected medication management solutions and remote patient monitoring (RPM) solutions in Canada and the US. RPM is the largest and most mature segment having a total of 16.1 million users at the end of 2018. The market for medical alert systems is considerably smaller with an estimated total of 3.1 million users, whereas the number of connected medication management users reached 900,000 at the end of 2018. There is an overlap between the market segments as medical alert users can also be equipped with a medication management solution or an RPM solution, and vice versa. The market is forecasted to grow at a compound annual growth rate (CAGR) of 18.3 percent during the next six years to reach 49.4 million connected care users by 2024. The leading use case for RPM have thus far been sleep therapy monitoring. Patients that suffer from sleep-disordered breathing such as obstructive sleep apnea (OSA) are typically prescribed an airflow generator, but many patients find the device unpleasant to use and poor compliance is common. Payers thus increasingly require that patients comply with their treatment plans to be reimbursed for the device which has driven equipment vendors to connect the devices. Philips is the largest provider of connected airflow generators. ResMed follows closely thanks to the company’s decision to include cellular IoT connectivity as standard in its Air Solutions product family. The North American market for connected care solutions is affected by several trends and developments that will have an impact on the competitive landscape in the following years. Changing demographics is driving the demand for home care, while technological developments and regulatory changes affect the competitive landscape for solution vendors. One of the major ongoing changes is the sunset of the landline telephone networks and cellular 3G networks, which forces equipment providers to upgrade their products. At the same time, the industry is becoming more patient-centric which calls for integrated systems and improved interoperability of connected care solutions. New companies are entering the connected care market and connected medication management solutions are today in the centre of attention for start-ups.

2019-06-28
The installed base of off-highway vehicle telematics systems will reach 7.5 million units worldwide by 2023
Berg Insight estimates that the global installed base of active off-highway vehicle telematics systems reached 3.3 million units in 2018. This includes connected units deployed on various off-highway vehicles across the construction, mining, agriculture and forestry sectors. The construction sector accounts for the largest share, driven by OEM telematics systems offered by heavy equipment manufacturers. Agriculture and mining moreover each account for a similar number of connected units deployed on machines and vehicles used in agricultural and mining operations respectively. The remainder is represented by the forestry sector including telematics systems fitted to various forestry equipment. Growing at a compound annual growth rate (CAGR) of 17.8 percent, the active installed base of off-highway vehicle telematics systems across all sectors is forecasted to reach 7.5 million units worldwide in 2023. “The top-10 equipment manufacturers offering telematics together account for more than 70 percent of the total number of off-highway vehicle telematics systems in use across the construction, mining, agriculture and forestry sectors globally”, said Rickard Andersson, Principal Analyst, Berg Insight. Berg Insight ranks Caterpillar and Komatsu as the leading off-highway vehicle telematics providers. “Far from surprising, the leading equipment manufacturers by market share are also by far the top players when it comes to the number of off-highway vehicle telematics subscribers”, said Mr. Andersson. He adds that this is a natural development in an industry where telematics has increasingly been included as standard with the machine purchase, gradually covering more models and equipment categories. “Caterpillar is well on its way to achieve its target of 1 million connected assets this year”, continued Mr. Andersson. Other major manufacturers with installed bases of more than 100,000 units include Hitachi Construction Machinery, JCB, Deere & Company and Volvo Construction Equipment. “Additional players having installed bases of off-highway vehicle telematics units in the tens of thousands include Doosan Infracore, Liebherr, CNH Industrial, CLAAS Group and Hyundai Construction Equipment”, concluded Mr. Andersson.

2019-06-26
China, India, Japan and South Korea set to surpass 1 billion installed smart electricity meters in 2025
According to new a research report from the IoT analyst firm Berg Insight, the installed base of smart electricity meters in the Asian markets China, India, Japan and South Korea will grow at a compound annual growth rate of 7.9 percent from 613.4 million in 2018 to reach 965.9 million in 2024. Over the next six years, smart meter penetration among electricity customers in the region is projected to increase from around 67 percent in 2018 to 94 percent by the end of 2024. At this pace, Berg Insight anticipates the markets will surpass 1 billion installed smart electricity meters and reach a penetration close to 100 percent in 2025. “With China now fully deployed and with the nationwide rollouts in Japan and South Korea well on their way, India is now entering the center stage with some massive installations expected within the coming five years”, said Levi Ostling, IoT Analyst, Berg Insight. “After a few years of pilot projects, India is finally starting to see large-scale smart metering projects being initiated, driven by ambitious governmental targets to reach nationwide coverage of smart prepaid metering. With the recent re-election of Prime Minister Modi, deployments are anticipated to pick up pace in 2020 after a slow start in 2019.” A major driver of the increase in deployments in India is the entrance of the government-owned energy services company EESL. Through its demand aggregation and bulk procurement model, EESL is effectively addressing the cost issue of smart metering investments – currently the main barrier for Indian state utilities to launch standalone deployments. So far, EESL has procured 10 million smart meters to be deployed for utilities across India, which can be compared to the total installed base of less than 1.5 million meters in the country at the end of 2018. Despite intense price competition and the introduction of a national smart meter standard in 2015, India is in comparison to the East Asian markets relatively open to international vendors. Wireless RF mesh networking technologies have been favored in early standalone deployments of smart meters in India. Since EESL has made cellular point-to-point its preferred smart meter communications technology, cellular connected meters are however expected to take on a central role in the coming mass-deployments. With a preference for NB-IoT-ready meters already emerging in the market, the uptake of smart meters with cellular LPWA connectivity is expected to see a sharp increase as soon as the relevant network infrastructure is in place.

2019-06-13
Berg Insight is hiring
We are expanding our office in Gothenburg and are looking for one additional analyst. Find out more about the available position on the link below.
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