Japan's Toshiba Corp recently announced plans to enter the smart home energy market in the United States at the end of this year and generate $129.68 million in revenue by March, 2016.

Toshiba will work with Swiss-based Landis+Gyr, which the electronics manufacturer bought in a $2.3 billion in May 2012, in order to move into the smart grid market in the U.S.

Toshiba expects the small community business to generate $11.67 billion global sales by 2015. The company also expects $1.82 billion in sales to be generated in the United States market.

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