Over the past few decades, the smart electric meter market share has seen astounding growth due to the ongoing digitalization of grid networks coupled with the growing deployment of distributed generation systems. Smart meter technology has surfaced as a workable choice for traditional meters, equipped with improved communication and modern features.
The smart electric meter market is expected to reach 10 billion by 2024. With energy efficiency being a compelling global tool, municipal policymakers have sought to enhance GHG emission-related laws, beneficial policies that would likely affect developments in the smart electric meter industry.
In recent years, the advent of smart metering technology has drawn widespread interest, with many government agencies investing millions in large-scale deployment programs to catalyze the development of a smart grid.
Increasing emphasis on replacing conventional meters along with adopting government policies for energy-efficient solutions will certainly boost the outlook for the smart electric meter industry. Studies predict that the demand for commercial smart electric meters between 2018-2024 is projected to report a growth of more than four percent.
It is nice to see that our colleagues on the electric side are having so much success with Smart Meter technology. Avanti has been a leader in smart meters for water and offering metering systems for water and multi-utility accounts.
The Avanti Company was founded in 1977 by Paul and Justine Devlin and is headquartered in Avon Park, FL. We provide water meters, metering systems, AMI support, on-site flow meter testing, sewer flow monitoring, inspection and assessment services for the water, wastewater, agricultural, petroleum and industrial marketplaces. Avanti represents products from McCrometer, Itron, Badger Industrial, Hach Flow, Honeywell/Elster, 64 seconds, Infosense, Nicor, and others. Please visit our website at www.avanticompany.com, email us at info@avanticompany.com or call us at 863-453-5336 for assistance with all of your flow meter and metering system needs.