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IPFS News Link • Privacy Rights

Energy "Smart" Meters Violate Consumers' Right to Privacy; U.S. "Smart" Mete

•, By B.N. Frank

Concerned about how your personal information and that of your family members is being collected, analyzed, shared and/or sold?  Did you know that utility "smart" meters – electric, gas, and water – allow utility providers to collect data on residents in the privacy of their homes and make boatloads of money from it?!

From EIN News:

$556.94 Million of U.S. Smart Meter Data Management Market to Grow at 15.54% CAGR by 2026

News Provided By

Allied Analytics LLP

WILMINGTON, DE, UNITED STATES, February 2, 2024 / — According to a recent report published by Allied Market Research, titled, "U.S. Smart Meter Data Management Market Share by Component, Deployment Mode, Application: U.S. Opportunity Analysis and Industry Forecast, 2019–2026,"

The U.S. Smart Meter Data Management Market Share was valued at $176.56 million in 2018, and the U.S. smart meter data management market forecast is projected to reach $556.94 million by 2026, growing at a CAGR of 15.54% from 2019 to 2026.

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Smart meters are next-generation metering devices that are used to obtain energy consumption feedbacks, monitor, manage, and send these feedbacks to the billing management system. The smart meter data management system gathers data from analog & smart meter, aggregates & validates the data, and calculates the billing determinants. Numerous benefits associated with smart meter data management include consolidation of large volume of data in one system, handling all the analog & interval data and similarly facilitating new customer offerings such as providing detail information about customer's energy consumption.