Global smart meter shipments in the second quarter of 2012 grew 33.6 percent over the previous quarter, and were up nearly 51.3 percent year over year, according to IDC Energy Insights. By the end of 2016, IDC expects worldwide annual meter shipments to surpass 130 million units.
The U.S. market continues to recede, after receiving an artificial bounce with the "American Recovery and Reinvestment Act of 2009, with growth in the smart metering market now shifting to Europe, Asia, the Middle East, and Latin America.
In Europe, many European Union member states have signaled their comitment to embrace smart metering in compliance with the European legislation mandating deployment of smart meters where economically feasible. These states are now in the process of finalizing the regulatory framework for their respective national rollouts, which are to be completed by 2020.
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