- The key vendors in the electricity submeters market in Europe 2015-2019 are ABB Ltd., Eaton Corp., General Electric (GE), Honeywell International Inc. and Schneider Electric SA
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the electricity submeters market in Europe 2015-2019. Increased investment in submetering technology is one of the major trends upcoming in the market. Many firms have made major acquisitions of submeter vendors in recent years to diversify and enhance their energy efficiency platforms. Some vendors implement software and services platforms to provide building owners with solutions that save money and make facility management easier. The electricity submeters market in Europe is expected grow significantly at a CAGR of 13.8% during the period 2014-2019.
Market vendors engaged in the business of building controls and equipment manufacturing are focusing on integration of submeter technology into their energy efficiency solutions and platforms. International and domestic vendors are making huge investments in submetering technology in Sweden, Germany, and France.
“Submetering provides managers with technologies to monitor energy consumption to implement energy conservation measures and programs,” says Faisal Ghaus, Vice President of Technavio Research.
“The electricity submeters provide precise and exact interval data information regarding energy use and demand for buildings and societies, and all the way down to a small piece of electric equipment or a circuit.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
