Traditional digital meters and smart power meters are basic utility meters that are often
used in the residential segment to identify and understand the consumption of energy
at an advanced level. These meters are witnessing heavy demand from both
developed and developing regions. The market for traditional analog meters is
expected to experience a downfall in its share in the coming years. The digital meter
market is forecast to see a high growth owing to the supportive regulatory actions.
There is an increase in deployment of these meters as they are connected to the
utilities network.