The smart meter market witnessed a shipment of approximately 136.45 million units of smart meters globally in 2020 and is estimated to reach 198.53 million units by 2026, registering a CAGR of 6.6% for the forecast period (2021–2026). Smart grids are being implemented around the world, with the aim of improving the efficiency of power networks. Smart electricity meters, which are an integral part of smart grids, are thus being adopted around the world. Countries around the world are adopting emission control regulations, in order to tackle the environmental effects caused by pollution.
- Smart meters are increasingly being adopted globally, for various deployments, such as electricity, gas, and water, due to its two-way communication feature, which enables real-time tracking of utility usage, by both utility supplier and consumer, also encourage to start/reading/cutoff of supply remotely by the supplier.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.
