A recent report by Navigant Research, the research arm of
), suggests that shipment of smart meters for the commercial and
industrial (C&I) market will shoot up to $12.7 million
annually by 2020 from the present threshold level of $10 million.
A smart meter is an electric meter that records the consumption
of electricity at regular intervals and communicates that
information back to the user for monitoring and billing purposes.
Smart meters offer multiple benefits to utilities and their
C&I customers, who consume large quantities of energy. In
addition to providing users with a more accurate reading of
energy consumption, smart meters also reduce the requirement for
manual or walk-by/drive-by meter readings.
The use of smart meters is increasingly gaining popularity as the
utility companies are striving to lower their operating costs and
provide their valuable C&I customers with detailed
Shipment of smart meters is also expected to boost due to
regulatory requirements by various countries that have set
ambitious goals for curbing energy consumption and improving its
efficiency. A number of countries in North America, Europe and
China have already deployed smart meters to track energy
consumption and use smart meters to control greenhouse gas
emissions and improve energy produced by renewable resources.
Navigant is a global management consulting company serving
energy-based and other regulated industries. The company helps
clients succeed in a business environment of changing
regulations, increasing competition and evolving technology by
providing effective management consulting services in areas such
as business strategy development, marketing and sales, operations
management, information technology and customer care.
Navigant currently carries a Zacks Rank #2 (Buy). Some other
stocks within the industry worth mentioning are
Franklin Covey Co
Huron Consulting Group Inc.
), each carrying a Zacks Rank #2 (Buy).
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