Mora said Landis+Gyr’s acquisition of unlisted optical sensors maker PowerSense earlier this month was an example of the kind of acquisitions it is looking for.
A Berg Insight report states that Europe, where a European Union directive mandates that smart meters must be installed in 80 percent of households by 2020, had a 22 percent penetration rate by the end of 2013. That number is expected to reach 60 percent by 2019.
According to Landis+Gyr the introduction of smart meters in European homes “is in many instances being held back by discussions about who will pay—the utilities or their clients. Excluding China, where foreign meter-makers have limited access there are about 1 billion electric power meters in the world, some 200 million of them in Europe, 120 million in the United States and 90 million in Japan.”
Landis+Gyr’s global market share is approximately 30 percent, with 300 million metering points, 25 million of which are smart meters. Twenty-three million of the devices are deployed in the United States.