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Toshiba will enter U.S. smart home energy market

Toshiba has said it plans to enter the smart home energy market in the United States at the end of this year.

Japanese electronics manufacturer Toshiba will use Swiss-based Landis+Gyr, which it bought in a $2.3 billion deal last May, to move into the smart grid market in the United States.

Toshiba said it expects the small community business, which helps users efficiently manage their power usage, generate $11.67 billion global sales by fiscal year 2015.

Toshiba said it expects $1.82 billion in sales to be generated in the United States.

By 2015, utilities are expected to install smart meters in approximately half of the 96 million U.S. homes as well as other meters in 5 million homes.

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