First-generation meters largely focus on basic functions such as billing and time-of-use pricing. With the growth of decentralized energy, more renewable energy sources, electric vehicles, heat pumps, battery energy storage systems, etc., will be connected to the grid.
• All of this will require management for the grid to continue to function effectively.
• Smart meters will essentially become load management devices, and this will require more functionalities and higher per-meter revenues from Meter data management manufacturers.
• The replacement of existing smart meters with next-generation meters will also be a priority.
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