“Rising Deployment of Smart Prepaid Meters”
The smart electricity meter market is experiencing significant growth, driven by the increasing adoption of advanced metering infrastructure (AMI) and the integration of IoT and AI-powered analytics in energy management. A key trend shaping the market is the rising deployment of smart prepaid meters, which allow consumers to monitor and control their electricity consumption in real time. These meters enhance billing accuracy, prevent energy theft, and reduce operational costs for utility providers. For instance, Landis+Gyr and Itron have introduced smart prepaid meters that enable users to recharge electricity credits remotely via mobile apps, promoting energy efficiency and demand-side management. In addition, governments worldwide are implementing smart grid initiatives and mandating the rollout of intelligent metering systems to modernize energy distribution. With increasing concerns over energy conservation and sustainability, the demand for smart electricity meters continues to rise, transforming the way consumers and utilities interact with electricity usage.
