Global Information would like to present a new market research report, "Smart Energy Meters Market in Germany 2009-2013" by TechNavio (Infiniti Research Ltd.).
The market for Smart energy meters in Germany is projected to grow at a compound annual growth rate of 147.1% to reach $746.2 million in 2013. According to TechNavio Insights, the German market for Smart energy meters was valued at approximately $20 million in 2009. Smart energy meters are software-based, power efficient devices that accurately track the rate of energy consumption.
The need for manual meter reading collection processes can be eliminated with smart energy meters because meter readings are transmitted to distributors and utilities over wireless media. The Smart energy meter offers significant benefits to both customers and provider companies, in terms of reliability, efficiency, and cost reductions.
The technology of smart energy meters is designed to show the exact use of energy; and therefore, reduces energy consumption, saves money, and cuts carbon emissions. Moreover, smart energy meters provide a range of advance features including the ability to detect service outage, unauthorized electricity use, and adjustment of maximum amount of electricity a customer can demand.
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