AMID WORRIES THAT RESIDENTIAL CONSUMERS MAY NOT benefit from competition comes a study that shows at least one industry will: metering. This market is expected to grow an average of 5 percent per year through 2002.
By 2002, the metering industry is expected to be worth $3.1 billion, up from $2.4 billion last year, says Metering for Utilities: Riding the Wave of Deregulation, a new book from Business Communications Co.
Overall, meter reading systems are expected to log the highest average annual growth rate, about 16 percent each year over the next five years. Automated meter reading software, for instance, will increase from a $98 million market share in 1997 to $210 million in 2002, a 22 percent annual hike.
The study shows 11 percent growth in electric meter sales but a slower pace (5 percent) for gas and water