Global shipments of smart meters are forecasted to exceed 100 million in 2011, according to ABI Research (News - Alert).

According to ABI, these shipments will grow more than 250 million by 2016, with Europe being the main constituent of this total installed base.

The research firm notes smart meters will play a significant role in rolling out energy efficiency and smarter utility initiatives and says that they facilitate the growing dynamic response and home automation markets.

ABI Research’s “Advanced Metering Infrastructure” study analyzes the market dynamics of AMI (Automated Metering Infrastructure) deployment on a global basis.

This study shows that the Asia-Pacific region has recently also seen deployments of smart meters.

While Australia is in the forefront in AMI deployments, New Zealand is moving toward development of a national smart metering initiative.

“Robust smart meter uptake in Europe is the result of mandates legislated by European central governments, coupled with heightened development in renewables,” said ABI Research industry analyst Kelvin Chan. “North America is also experiencing a quickening deployment rate due to stimulus from the ARRA (American Recovery and Reinvestment Act Grant Programs).”

Smart metering is also gaining popularity in the rest of Asia with China announcing in the 12th Economic 5-year plan that AMI plays a key role in its economic vision.

South Korea has begun a Smart Grid Demonstration Project and Singapore has also announced “Intelligent Energy System.”

“Consolidation is also continuing, with Toshiba (News - Alert) – known for its power generation and grid transmission and distribution business segments – acquiring Landis+Gyr, a global pioneer in smart metering, networking and service products,” said Practice director Sam Lucero.