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Electricity Submetering for Smart Grid: Global Market Size, Key Issues, Regulations

This report provides an in-depth analysis of the electricity submeter market, at global and national levels.

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PRLog (Press Release) - Feb. 14, 2013 - The growing need to conserve energy will see the global electricity submeter market expand by around 300% before the end of the decade, estimates research and consulting firm GlobalData.

The company’s latest report* predicts that the worldwide electricity submeter market value will jump from US$392m in 2012 to US$1.2 billion in 2020, climbing at an impressive Compound Annual Growth Rate (CAGR) of 14.5%.

Submeters are metering devices that monitor and measure the amount of power consumed by individual units within a facility. Large facilities such as industrial plants, commercial buildings, airports, hospitals and other energy-intensive consumers will be the primary beneficiaries of this advanced technology.

GlobalData states that across North America and Europe the market will be driven primarily by regional targets for energy-efficiency and reductions in energy consumption costs. In comparison, the Asia-Pacific region has the potential to make a substantial contribution to the global market thanks to a huge untapped consumer base and increasing need to maximize energy efficiency – the Chinese market alone is expected to more than triple in value during the forecast period, from US$15m in 2012 to US$52m by the end of the decade.

For Sample Pages, please click or add the below link to your browser:

http://store.globaldata.com/market-reports/smart-grid/ele...

The US National Institute of Standards and Technology (NIST) estimates that 40% of the energy consumed in Europe is accounted for by residential and commercial buildings, whereas in the US this percentage is as high as 72%. As submeters can ultimately result in lower consumption in these high use areas, their implementation may prove highly significant at a time when the supply and cost of electricity is becoming increasingly uncertain.

This report provides an in-depth analysis of the electricity submeter market, at global and national levels.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.

GlobalData is a leading global research and consulting firm offering advanced analytics to help clients make better, more informed decisions every day. Our research and analysis is based on the expert knowledge of over 700 qualified business analysts and 25,000 interviews conducted with industry insiders every year, enabling us to offer the most relevant, reliable and actionable strategic business intelligence available for a wide range of industries.

For further details, please click or add the below link to your browser:

http://store.globaldata.com/market-reports/smart-grid/ele...

Visit our report store: http://www.globaldata.com/reportstore

For more details contact:pressreleases@globaldata.com


North America:          +1 646 395 5477

Europe:          +44 207 753 4299

         +44 1204 543 533

Asia Pacific:          +91 40 6616 6782

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Source:GlobalData
Phone:+914066166782
Zip:EC4Y 0AN
City/Town:London - London - United Kingdom
Industry:Health
Tags:Electricity Submetering, smart grid, energy and utilities
Shortcut:prlog.org/12078826
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