- The key vendors in the Global Electricity Submeters Market 2014-2018 are ABB Ltd., Eaton Corp., GE Energy, Honeywell International Inc. and Schneider Electric SA.
London, 15 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Electricity Submeters Market 2014-2018. One key trend in this market is the increased investment in the submetering technology. The power utilities continue to make significant investments in the submetering technology and meters to enhance demand response initiatives. The market is expected to grow at a CAGR of 12.3 percent during the forecast period of 2013-2018.
Electricity submeters are generally connected to the downstream of the utility meter to provide disaggregated energy and power quality data to key decision makers such as facilities managers, building owners, and tenants, allowing them to increase efficiency and more readily assess the systems.
“There has been an upsurge in the number of regulations such as building codes and governmental imperatives that require submetering or continuous energy monitoring,” says Faisal Ghaus, Vice President of TechNavio Research.
“These government regulations help boost the demand for electricity submeters in commercial buildings, houses, and other residential and industrial units.”
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.
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