Why so much of a buzz over the basic electric power utility meter by hardware and software companies in the electronics industry? The answer lies in what drives the business: money.
Companies around the world are sensing huge business opportunities in power grid design because of two things. First, utilities in US and Europe are embarking upon replacing over 45% of the existing utility meters by 2015. Second, there are huge requirements in terms of units being created by the swelling consumer and industrial base in the developing nations like China, India, Brazil, etc.
According to one projection, there is a requirement of $19.5 billion worth of utility meter and related communications between 2010 and 2015 with an estimated shipment of over 200 million smart-meters [1].
via Embedded.com – Getting basic utility meter designs ready for the Smart Grid.
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