Research delivers insight into the smart meters market that is expected to hit $18.2 billion by 2019
Smart meters alone are not useful and need to be installed in conjunction with some type of a communication infrastructure to get the data back to the utility.
Smart grid technologies include communication networks, advanced sensors, and monitoring devices, which form the foundation for utilities to generate and deliver power, and for consumers to understand and control their electricity consumption.
The report forecasts the market size of the global smart meters, which includes smart electric meters, smart water meters, and smart gas meters with respect to main regions such as Americas, Asia-Pacific, Europe, and RoW. The smart meters market has also been analyzed on the basis of residential, commercial, & industrial end-users.