Accurate Reading Becomes Easy with Smart Electricity Meters

A smart electricity meter is a device that enables consumers to monitor consumption of electricity in real-time. It can digitally send meter readings to energy supplier for generating accurate electricity bills. These meters can also encourage the consumers to turn off electric appliances when not in use to control their usage of energy. Thus, they can receive the lower electricity bills.

Moreover, smart meters require real-time two-way communications between meter and supplier. This can be done with the help of wireless communication or connection over fixed line. Smart meters are extensively used in residential, commercial, and industrial applications.

Integrated Smart Grid Operation System

In order to maximize customer satisfaction and minimize power outages, Trakya Elektrik Dagıtım A.S. (TREDAS) recently teamed up with General Electric (GE) to develop an integrated automation system. This system includes Distribution Management Systems (DMS) Remote Control, Outage Management Systems (OMS), and Supervisory Control and Data Acquisition (SCADA).

Remote control and remote powering can be accomplished for more than 730 centers using integration of systems in one operation. For instance, they have use a GE-commissioned TREDAS SCADA system, also called as remote control and monitoring system along with a Call Center, on-site mobile applications, and Geographical Information System (GIS).

Distribution transformers are observed remotely therefore an outage can be noticed immediately. If any power outage is observed, the monitoring system can generate instant alerts for consumers.

Market Overview

According to Grand View Research, Inc.; the global smart electricity meters market may surpass around USD 49.9 billion by 2025. Rising efforts from energy suppliers to reduce reaction time required to resolve power outage can drive the global market. Attractive schemes and favorable policies by different governments can further boost growth over the forecast period (2014 to 2025). Preference and endorsement of green energy and availability of able transmission facilities are also some of the vital market drivers.

Some of the leading companies in the market are Iskraemeco; Itron Inc; Holley Metering Ltd; General Electric Company; ABB Ltd, and Holley Metering Ltd.

In-Depth Research Report On Smart Electricity Meter Market:

https://www.grandviewresearch.com/industry-analysis/smart-meters-market