US demand to rise more than 11% annually through 2015
Smart meter product and service demand in the US is projected to increase more than eleven percent annually to $4.4 billion in 2016. Advances will be driven by the rising penetration of Smart Meters, particularly advanced metering infrastructure (AMI) products. In addition, the rising share of smart meters in use over the decade supports demand for related parts and services as well as for replacement of older models. A critical issue when examining the market for smart meters is the penetration rates for these products (i.e., the share of the entire installed base of meters which is accounted for by AMI or AMR products). In 2011, there were approximately 325 million electric, gas and water meters installed in the US.
To Know More - Smart Meter to 2016
Smart meter product and service demand in the US is projected to increase more than eleven percent annually to $4.4 billion in 2016. Advances will be driven by the rising penetration of Smart Meters, particularly advanced metering infrastructure (AMI) products. In addition, the rising share of smart meters in use over the decade supports demand for related parts and services as well as for replacement of older models. A critical issue when examining the market for smart meters is the penetration rates for these products (i.e., the share of the entire installed base of meters which is accounted for by AMI or AMR products). In 2011, there were approximately 325 million electric, gas and water meters installed in the US.
To Know More - Smart Meter to 2016
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