Electricity Meters (Smart Meters) Market Report 2021: Global Methodology, Research Findings, Size And Forecast To 2027
Electricity meters are devices used to measure and monitor energy consumption in households as well as industrial spaces. These devices have evolved from legacy systems that were electromechanical in nature, to solid state meters that provide two-way communication capabilities along with accurately measuring and reporting energy demand. Governments and other legislative bodies are undertaking various initiatives to ensure smart meter rollouts over the next few years. This is primarily due to the large number of benefits offered by smart electricity meters. Besides accurately determining energy consumption, electricity meters also allow meter reading from remote locations, prepayment options, and fraud detection by implementing and storing time of day usage at periodic intervals. Although smart electricity meters can be tampered with, it requires the modification of storage logs, which is a time intensive and complex activity. Planning to lay down future strategy? Per...