"AMI is an important step towards achieving the EU 20-20-20 goal which states that by 2020, 80 per cent of households must have smart meters and complete rollout achieved by 2022," elaborated Vikash. "Government mandates will, therefore, be a key driver for AMI deployment."
In addition to legislation, the lack of communication standards and security issues also play a major role in determining market prospects. In fact, data security is an issue among all member states, but it is of higher importance in the UK,
. This has resulted in a delay in smart meter roll out plans by utilities.
"Standardisation is likely to affect future smart meter sales, development and innovation," concluded Vikash. "Meters complying with security requirements as per the standardisation mandate as well as satisfying regional legislative security requirements are likely to encourage customers to adopt smart meters."
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