“The global smart meter market size was valued at $21.79billion in 2020 and is projected to reach $54.34 billion by 2030, growing at a CAGR of 10.10% from 2021 to 2030.” (Source: Allied market Research)
Our recent research with European utilities planning their 3rd and 4th generation smart meter roll-out revealed a strong desire for much greater functionality, flexibility and security in next generation metering products to support their transition to more personalised, consumer-led, and efficient electricity services, pricing models, and billing flexibility.
But whilst the data provides the insights and direction and customers stimulate the demand, there is a widespread perception among utilities that the smart meter supplier ecosystem is yet to deliver the product functionality, flexibility, and security that will truly drive the Energy Transition and ensure future energy security for Europe.
That is why at SGT25 we have dedicated an entire conference track to Smart Meters, delivered almost entirely through utility case-studies addressing the successes, setbacks and future roadmaps of Europe’s most prominent smart meter roll-outs.
Just some of the topics that will be addressed on the Smart Meter track include:
☑️ Flexibility – evaluating the impact of flexibility markets on advanced metering infrastructure technology and process requirements
☑️ Demand Response – determining how metering intelligence and grid operational processes must evolve to better support demand response
☑️ Grid Edge Intelligence – driving real-time data analytics at the grid edge to support localised grid fault identification and radically improve grid operations
☑️ Dynamic Pricing – leveraging next generation smart meter technology to implement dynamic pricing models and advanced tariffs based on real-time energy usage
☑️ 3rd Generation Meters – leveraging the functionality, flexibility and cost-efficiency of modular meters to drive the roll-out of 3rd generation metering infrastructure
☑️ Communication Infrastructure – utilising NB-IoT and LTE-M to support high speed real-time data transfer between metering, operational and control infrastructures
☑️ Meter Data Management – applying advanced AI&ML tools and technique to the collection and analysis of high-volume metering data
☑️ Security by Design – building in high levels of cyber and physical security to guard against the threats of a more interconnected and intelligent smart metering system
☑️ Data Privacy – establishing clear policies and secure mechanisms for meter data sharing to strike the right balance between consumer protection and grid management
☑️ DLMS – understanding how DLMS is being developed to support new communication protocols, data formats, and security measures as the smart metering ecosystem evolves
☑️ Load Forecasting – benefiting from the improved data granularity and quality of next generation smart meters to drive more sophisticated forecasting techniques and achieve better forecasting accuracy
☑️ Grid Planning – leveraging the improved grid visibility provided by next generation smart meters to plan for a more flexible, efficient and resilient grid, whilst optimising resource allocation, infrastructure investment and handling the uncertainties of renewables integration
☑️ Power Quality Monitoring – utilising smart meter data to accurately detect and classify power quality events such as voltage sags, swells, flickers, and harmonic distortions, to provide a more comprehensive view of grid health
☑️ Outage Detection and Management - identifying and locating outage areas through smart meter data and topology analysis to pinpoint the exact locations of outages and significantly reduce response times
☑️ Predictive Maintenance – utilising data for advanced analytics to predict potential equipment failures and maintenance needs in support of more proactive grid management
☑️ EV Charging – applying machine learning and intelligent to optimize and predict EV charging schedules, ensure efficient use of available power and minimize grid impact
☑️ Heat Pumps – analysing real-time, high-resolution data on electricity consumption, to better monitor and manage the increased load from heat pumps, maintain grid stability and prevent overloads, as heat pump adoption grows
☑️ Technical and Non-Technical Loss Detection – leveraging data streaming and real-time analytics to enable effective detection, prevention and response to technical and non-technical losses and improve the financial health of smart utilities
☑️ Innovative Tariff Structures – implementing new tariff structures such as time-of-use, real-time, surge, personalised among others, to promote energy efficiency, grid stability, and deliver consumer savings
☑️ Billing Accuracy - significantly reducing billing errors and disputes, through real-time collection of granular consumption data and sophisticated anomaly detection, leading to improved customer satisfaction and efficient utility operations
Calling all Smart Meter suppliers! Join us in the Exhibition area to demonstrate your smart meter innovations, share your technical expertise, and initiate sales conversations with a highly focused group of utility product specifiers and project implementers.
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