Evolution in Customer expectations has resulted in a meteoric shift in the strategy that businesses take to provide them services. Customer needs have evolved rapidly post the COVID-19 pandemic struck the world. The access to reliable and uninterrupted electricity services has become critically important especially after the wider adoption of Work From Home (WFH).
To meet these ever evolving power requirements, vital stakeholders like utilities and policy makers across geographies are taking incremental steps in meeting the customer demands. Utility providers (e.g. electricity, gas, etc.) across the globe are working to leverage technologies like AMI (Advanced Metering Infrastructure), IoT, 5G, smart grids, etc. to part ways from the legacy grid infrastructure.
As per a report by McKinsey, grid modernization technologies like smart meters, grid management systems (DMS/TMS), etc. are creating immense opportunities to drive value across T&D (Electric Transmission & Distribution) workflows. Cloud in Smart Utilities is a key change maker in the utility industry, as far as distribution and customer experience factors are concerned.
Also Read – Gamification in Utilities
So how big is the smart metering market? Is the penetration largely dominated by advanced economies like the UK, US, etc. ? Are the emerging economies also witnessing the rise of smart grids and smart meters (spanning electricity, water, and gas)?
The infographic shown below deep dives into all the essential aspects of smart meters – global penetration, shipment volume, market fragmentation, and more.
Paste the HTML code shown below to embed the infographic in your website (or blog).
|<img src=”https://www.tekgeminus.com/wp-content/uploads/2021/10/tek-INFORAPHIC-3-1.jpg” width=”50%” height=”auto” alt=”Rise and rise of smart meters TekGeminus Infographic”></img>|
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