Electricity Meters (Smart Meters) Market for Residential, Commercial and Industrial Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
In terms of revenue, the market was valued at USD 4.0 billion in 2011, and is expected to reach USD 19.8 billion in 2018, growing at a CAGR of 16.5% from 2012 to 2018. Increasing smart meter penetration due to benefits such as prepayment facilities, fraud detection, peak consumption knowledge, and energy saving is expected to drive the market over the forecast period. Significant regulatory initiatives, especially in the European Union, are estimated to assist in a large number of...
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