Smart meters are becoming the meter of choice in many countries such as Italy, Sweden, Australia, Canada and UK but is India ready for this advanced technology? According to recent industry reports, distribution utilities globally are expected to spend US$ 378 billion in smart grid technologies by 2030 where India is estimated to install 130 million smart meters by 2021. Sweden-based analyst firm Berg Insight says that penetration rates for smart metering technology will grow to around 50% in Europe and North America, and to over 75% in the Asia-Pacific region from just around 15% to 25%, respectuvely, today. And by 2020, it estimates that penetration rates for smart meters are expected to approach 100% in most developed countries, with massive rollouts also taking place in new smart meter territories such as Latin America, India and the Middle East.
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