This paper presents the development and implementation of a low-cost
smart meter.

The smart meter is one of the major components of the distribution
network. The

proposed low-cost smart meter is compared with already existing smart
meters

deployed in the market. The comparison metrics involve cost, security,
installation,

and lifetime. In this study, we have presented the market segment and
the beachhead

market of the proposed product. The TAM size is calculated for better
market

analysis by calculating the overall customer size. A complete proposed
process flow

is explained for cost saving comparison, along with a complete market
survey. In this

paper, the whole technology and hardware needed for the low-cost smart
meter is

explained in detail along with the total cost of testing and
installation.