The rising environmental concerns about emissions have been triggering the need to implement smart meter devices to monitor energy usage and limit carbon emissions. These meters have been enabling flexible and accurate billing apart from offering other features. This market is expected to reach $221.0 million in 2014.
An increasing need to comply with government regulations continues to be the key driver for this market. However several users continue to be concerned that these meters are vulnerable to hackers. This coupled with its high installation cost continue to be challenges to the growth of this market.
TechNavio’s “North America Smart Meters Market 2010-2014” report has been prepared based on an in-depth study of the market along with inputs from various experts. The report contains market and vendor landscape supported by drivers, restraints and trends. It also contains an analysis of key vendors in the market.
For the purpose of this report the market covers present and future growth of the Smart Meter Data Management (MDM) systems in North America. The report also covers the vendors who provide meter data management and related software applications.