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The technologies in smart electric meter market have undergone significant change in recent years, evolving from manually meter reading to remote and automated meter reading (smart meters). The rising wave of new technologies such as, cellular and RFID are creating significant potential for smart electric meters in applications, such as residential and commercial, and driving the demand for electric meter technologies
In smart electric meter market, radio frequency, power line communication, and cellular technologies are used for measured electricity consumption. Increasing need for efficient data monitoring systems, favorable government policies for smart meter rollout, and cost savings advantage in smart meters are creating new opportunities for various electric meter technologies.