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Landis+Gyr Surpasses Itron in Smart Meter Market

|Includes: ELON, ELTTY, GE, Itron, Inc. (ITRI)

During the past year, Swiss firm Landis+Gyr surpassed Itron (Nasdaq: ITRI) as the number one smart meter supplier to utilities in the U.S., according to a new market report.

Pike Research said Landis+Gyr is the market leader in terms of utility vendor selections, accounting for 26% of total endpoints at the end of 3Q10.

Itron now holds a 24% share of the market, followed by Sensus with a 21% market share, GE Energy (NYSE: GE) with 20%, Elster (NYSE: ELT) with 5%, and Echelon (Nasdaq: ELON) with 3%.

Smart electric meters utilize two-way communications networks to enable frequent readings of electricity consumption. They have been hailed by industry leaders as the first step in empowering greater efficiency and control over energy use, opening the door for a suite of new energy management tools and pricing plans.

According to a new tracking report from Pike Research, utilities’ plans for smart meters are well underway, and the market intelligence firm estimates that a total of 57.9 million smart meters are already planned to be installed by more than 90 utilities in the United States.

“Smart meter installations have grown by leaps and bounds in 2010,” says research analyst Jevan Fox. “But while we estimate that about 21 million smart meters will be installed in the U.S. by the end of this year, utilities have already planned for many more as deployment programs continue to gain momentum over the next few years.”

In terms of the communications modules required to support advanced metering infrastructure (AMI), Silver Spring Networks is the market share leader with 29% of utility vendor selections.

Itron is in second place with 22%, followed by Sensus with 17% and Landis+Gyr with 16%. Itron's success in smart meters have made it a popular green investment in recent years.

Other competitors in this market sector include Elster, Echelon, Aclara, and Trilliant.

Disclosure: no posiitons