The report said the installation boom represents a year-over-year growth rate of 37 percent. Pike believes that the demand for smart meters is likely to increase in the next five years since it is regarded as an integral part to reduce carbon dioxide emissions.
Andy Bae, senior analyst for Pike, said that governments and utilities in Asia Pacific aim to use the smart grid and smart meter to achieve four goals – improve grid reliability and security, improve operating efficiencies, balance power supply and demand, and reduce the power grid’s impact on the environment.
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.
