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.
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