LONDON, Dec. 9 / -- The increasing cost of electricity and the perennial need for efficient energy management solutions have given rise to smart meters. Their ability to communicate energy usage data in real time opens up numerous lucrative market opportunities.
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"Smart meters form an integral part of a smart grid," notes Frost & Sullivan Research Analyst Vikas Ravindran. "Moving forward, complete automation of the grid is set to become the norm with real-time information at the customers' fingertips."
New analysis from Frost & Sullivan (http://www.energy.frost.com), European Smart Meter Markets, estimates the markets to reach $11 billion by 2015. The study covers automated meter infrastructure (AMI), IT systems and communication technologies.
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