Press Releases

Cyan looks ahead to worldwide growth in smart meters

January 15, 2013

Recent study forecasts smart utility meters will account for half of all global meter market revenues by 2016

Cambridge, UK – Cyan, the integrated system and software design company that delivers mesh based flexible wireless solutions for utility metering and lighting control is encouraged by a recent forecast that smart utility meters will account for half of all global meter market revenues by 2016. Cyan’s smart metering solution for utilities – CyLec provides an integrated platform that enables utilities to transform existing power grid infrastructure into the smart grid. Their smart meter solution has been deployed with multiple utilities which leave them well placed to take advantage of the forecast increase in smart meter usage.

The forecast by IMS Research predicts that smart utility meters will account for half of all global meter market revenues by 2016. According to the study, Asian markets are also moving towards communicating utility meters, a trend that is expected to continue in the coming years.

This prediction for the Asian market is of particular interest to Cyan, which has its smart metering solution for utilities (CyLec) deployed in multiple projects throughout India.

The company is involved in the Tamil Nadu Electricity Board (TNEB) Automatic Meter Reading (AMR) pilot project in Tiruchchirappalli, (Trichy) in the state of Tamil Nadu, India.

Cyan is also participating in a high profile smart grid project in Puducherry, India, through one of its partners. The project is being led by the Power Grid Corporation of India Limited (PGCIL), a government of India enterprise. It involves installing an Advanced Metering Infrastructure (AMI) solution in houses throughout Puducherry to support the electricity department’s objective to save power. Cyan’s metering partner has deployed CyLec enabled meters in Puducherry for evaluation by PGCIL.

Cyan is also involved in an AMI pilot project for a leading integrated power company in Mumbai through one of its strategic partners.

“In recent months we have seen how the Indian market is gearing up for large scale deployment of AMI. Our involvement in a number of pilot projects in India demonstrates the capabilities of our CyLec solution,” said John Cronin, Executive Chairman of Cyan. “We are confident that Cyan is well positioned to meet the growing demand for smart metering solutions in India and worldwide.”

IMS Research’s smart meter forecast is from their latest study, entitled: ‘The Utility Meter Yearbook – 2013’. You can find more information on the study here: http://www.electronics-eetimes.com/en/smart-utility-meters-will-account-for-half-of-all-global-meter-market-revenues-by-2016.html?cmp_id=7&news_id=222915082