Abstract
Energy meters are devices that measure production, supply, and consumption of
energy (electricity) at residences and commercial establishments. These meters
include electromechanical meters and solid state meters. Energy meters are
coil based devices wherein rotation of coil advances reading in meter &
thereby determining the energy usage. Reduction of energy consumption is the
need of the hour. In this regard, technological evolutions are directed
towards abatement of energy consumption. However, high power consuming devices
pose a barrier for curbing energy usage. Smart energy meters can thus be
considered useful. It is estimated that there will be about 15 percent energy
saving through implementation of new meters. Smart energy meter is software
based, power efficient device that accurately tracks energy consumption and
performs computation. Meter readings can be transmitted to
distributors/utilities over wireless media; thus, eliminating the need of
manual meter reading collection process. The smart energy meter offers major
benefits to both customers and companies in terms of efficiency, reliability,
and cost saving.
The report forecasts the size of Global Smart Energy Meter Market over the
period 2008-2012. It elaborates the key trends in the market and segments the
Global Smart Energy Meter Market into various geographic regions (presenting
the size of each of these regions). Further, it discusses the key growth
drivers and barriers of the Global Smart Energy Meter Market, and profiles
some of the key vendors operating in this market.
TechNavio Insights is a set of reports based on TechNavio - a market
intelligence platform for the IT industry. It builds on the intelligence
available within TechNavio, and leverages on the custom research experience of
the ' Technology Navigators' . TechNavio is built on years of experience of
Infiniti Research in deep dive custom research and consulting for over 30
Fortune 500 companies and numerous large and mid-sized companies.
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