TechNavio today launched its report Global Smart Energy Meter Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said: ”Power utilities across the globe have been investing in changing the way meter data is transmitted to and collected from consumers. Advanced Metering Infrastructure (AMI)-enabled meters are being deployed to facilitate two-way communication between utilities and consumers. Thus, with the increasing deployment of smart energy meters there has been a progress in maintaining data at the grid level. Smart energy metering solutions support the overall objective of managing the electricity grid. Large numbers of units of smart energy meters have been installed across the globe by the end of 2011, which has led to the generation of a large amount of meter data. Thus, there has been a development of smart metering in the Global Smart Energy Meter market.”
According to the report, the smart energy meter facilitated billing process includes pricing that relates to the time of use, peak and non-peak hours, and block rates. All these aspects are considered while billing a particular consumer. A smart grid data management tool and smart energy meters help to calculate the price of the energy used after considering the usage rates. It helps utilities simplify a complex billing process, thus increasing the demand in the Global Smart Energy Meter market.
Further, the report discusses that one of the major challenges confronting the market is the increased exposure to cyber-attacks.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players. For further information on this report, please visit http://goo.gl/T9lLh
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Clean Tech, please visit https://www.technavio.com/clean-technology
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TechNavio Announces the Publication of its Report – Global Smart Energy Meter Market 2011-2015
