Parks Associates has announced its latest market research effort titled, “Residential Energy Management: Company, Alliance & Technology Profiles,” is available for procurement, and said its most significant findings are that eight million smart meters have already been deployed in the U.S. and the associated Residential Energy Management (REM) market segment is almost guaranteed to sustain significant growth.

"Already over six percent of all U.S. meters are smart meters, and utilities throughout the U.S. are announcing new deployments and pilot programs daily," said Bill Ablondi, director of Home Systems Research at Parks Associates (News - Alert). "We completed the Profiles report to analyze current players in this area and identify how their deployments will impact growth in a variety of consumer digital lifestyle device and service categories."

Parks Associates said that the American Recovery and Reinvestment Act of 2009, also called Federal Stimulus bill, has allotted $11 billion, of the total $63 billion towards energy, for smart grid initiatives till end 2010, and the public, private, and consumer factors are all driving this growth. The report covers Home Area Network (HAN) solutions, more than 60 relevant companies, about 10 alliances, component suppliers, metering solutions manufacturers, Smart Grid enablers, and technology enablers.

From the article, "Smart Meters Market Segment Looking Up, Study Says" by Vivek Naik

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