By B.N. Frank
Concerned about how your personal information and that of your family members is being collected, analyzed, shared and/or sold? Did you know that utility “smart” meters – electric, gas, and water – allow utility providers to collect data on residents in the privacy of their homes and make boatloads of money from it?!
From EIN News:
$556.94 Million of U.S. Smart Meter Data Management Market to Grow at 15.54% CAGR by 2026
News Provided By
WILMINGTON, DE, UNITED STATES, February 2, 2024 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “U.S. Smart Meter Data Management Market Share by Component, Deployment Mode, Application: U.S. Opportunity Analysis and Industry Forecast, 2019–2026,”
The U.S. Smart Meter Data Management Market Share was valued at $176.56 million in 2018, and the U.S. smart meter data management market forecast is projected to reach $556.94 million by 2026, growing at a CAGR of 15.54% from 2019 to 2026.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6271
Smart meters are next-generation metering devices that are used to obtain energy consumption feedbacks, monitor, manage, and send these feedbacks to the billing management system. The smart meter data management system gathers data from analog & smart meter, aggregates & validates the data, and calculates the billing determinants. Numerous benefits associated with smart meter data management include consolidation of large volume of data in one system, handling all the analog & interval data and similarly facilitating new customer offerings such as providing detail information about customer’s energy consumption.
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Growth in demand for smart meters across the U.S. region to efficiently use energy sources and monitor energy consumptions drive the U.S smart meter data management market growth. Further, supportive rules and regulations for energy consumption, as well as initiatives undertaken by the governing bodies of the nation, boosts the demand for smart meter data management products. However, the high cost of these meters and management of high volumes of data can be concerning factors that impact the market development. Nevertheless, increase in volume of meter data and high demand for predictive analysis are expected to offer considerable growth opportunities for the smart meter data management market.
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Competitive Analysis:
The competitive environment of U.S. Smart Meter Data Management Industry is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, U.S. Smart Meter Data Management Market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Key Players:
Oracle Corporation
Arad Group
Trilliant Holdings, Inc.
Elster Group GmbH
Itron
Siemens AG
Aclara Technologies LLC
Enoro
ElectSolve Technology Solutions & Services, Inc.
Landis+Gyr and Many More
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Significant adoption of AI in smart meters has created lucrative opportunities for smart meter analytics in the U.S.
The electric gas meter segment is expected to garner significant share during the forecast period. The major factors driving the adoption of U.S. smart meter data management software in this sector include, increase in the demand for smart grids and energy across the U.S. and surge in electric vehicle & grid integration majorly drive the market growth. However, the water meter sector is expected to grow at a highest rate during the forecast period, owing to increase in government initiatives for installation of water meter data management across the U.S. to convert meter data into actionable insights.
According to Pramod Borasi, Research Analyst, ICT at Allied Market Research, “Significant adoption of AI in smart meters has created lucrative opportunities for smart meter analytics in the U.S.”
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In addition to 24/7 consumer usage data collection, “smart” meters allow providers to remotely control and/or ration utility use (see 1, 2)! Experts also continue to report that these devices are not accurate, essential for “energy efficiency”, or mechanically safe (see 1, 2, 3, 4, 5)!
Other ongoing issues and complaints about electric, gas, and water “smart” meters include
- billing errors and higher bills (see 1, 2, 3, 4, 5)
- cybersecurity problems (see 1, 2, 3)
- fires and explosions (see 1, 2, 3, 4, 5, 6) as most have no built-in surge protectors
- installation mishaps (see 1, 2)
- operational problems
- short lifespans
- symptoms and illnesses caused or increased by “smart” meter radiation emissions (see 1, 2, 3, 4, 5, 6, 7)
Despite all of the above, utility providers continue to force these awful devices on consumers (see 1, 2, 3, 4, 5, 6). Consumers who are permitted to “opt-out” of “smart” meters are also often required to pay fees as well as accept meters that aren’t as safe as traditional analog meters.
Children’s Health Defense has made it easy to for Americans to contact their lawmakers and ask that they introduce and/or support utility meter choice legislation. Click here to learn more.
https://www.youtube.com/watch?v=dpOhTXV59pI
https://www.youtube.com/watch?v=0DYhD06tE1U
Activist Post reports regularly about “smart” meters and other privacy invasive and unsafe technologies. For more information, visit our archives and the following websites:
- Stop Smart Meters.org
- Smart Meter Harm
- Smart Grid Awareness
- Smart Meter Education Network
- Smart Meter News
- Coalition to Stop Smart Meters
- Children’s Health Defense
- Environmental Health Trust
- Electromagnetic Radiation Safety
- Physicians for Safe Technology
- EMF Safety Network
- Take Back Your Power
- The People’s Initiative
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