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TechNavio Says Investments in the Smart Grid Will Amplify the Global Smart Energy Meter Market by 2019The Global Smart Energy Meter Market is expected to grow at a CAGR of 8.1 percent from 2015-2019, according to a new report from research firm TechNavio. Installation of smart energy meters has helped decrease manual billing errors, which are commonly found in normal electric meters. Smart energy meters are automated, which leaves no room for manual errors. The latest report from TechNavio emphasizes the rapid development and installation of smart grids, which has fostered the growth of several related technologies, including smart energy meters. "Various smart grid applications like smart energy meters, supervisory control, data acquisition systems and IT networks hold a considerable market share in the Smart Grid Market, which is witnessing rapid growth and will help promote the Global Smart Energy Meter Marke through the projected period," says Faisal Ghaus, Vice President of TechNavio. "Regulatory authorities in China, Italy, India and US have exhibited interest in the installation of smart energy meters, which is also expected to significantly propel growth of this market." Additionally, there has been an upsurge in the installation of smart meters worldwide. Governments in Asia and Western European countries have initiated pilot test programs to install smart energy meters. TechNavio currently has more than 3000 market research reports on a huge range of topics, including: About TechNavio TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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