Albany, NY -- (SBWIRE) -- 08/27/2015 -- According to Transparency Market Research's new market research report, titled 'Electricity Meters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018', governments and many other legislative bodies across the globe are undertaking various initiatives to make sure smart meters are implemented in their own regions, propelling the global electricity meters market over the next few years. Electricity meters, also commonly known as smart meters, are devices used to measure and monitor energy consumption in households and industrial areas. These devices have existed for years in the industry. In 2011, the demand for smart electricity meters was 25 million units and is further expected to surpass 148 million units in the next four years. Until 2018, the electricity meters market is expected to grow at a CAGR of 18.7% from 2012 to 2018.