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Telefonica predicts global Smart Meter revenue

07 Feb 2014
Telefonica has released revenue predictions for Smart meters, noting that revenues will grow to $7.4bn (£4.5bn) in the next four years from $5.2bn in 2012.

The key driving forces behind this growth will be Asia and Europe with predictions that more than 800 million smart meter devices will be installed worldwide by 2020.

China is expected to drive much of this growth in Asia and Japan is a little behind in terms of progression but the report predicts that tens of millions of smart meter devices will be installed by the next decade.