Electricity Submetering for Smart Grid – Global Market Forecast to 2020

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Electricity Submetering for Smart Grid –

 

Global Market Forecast to 2020

Global market for electricity submeters is expected to grow at a
substantial rate over 2011-2020, although there are signs that market growth will slow in North America during this period. The global electricity submeter market is expected to grow at a Compound Annual Growth Rate (CAGR) of 14.6% between 2012 and 2020, driven primarily by the emergence of the Asia-Pacific and European markets.

The markets in Europe and North America will be driven primarily by regional targets for energy-efficiency and reductions in energy
consumption costs. The large untapped consumer base and the increasing need to be energy efficient is expected to drive the submeter market in the Asia-Pacific region.

Increasing emphasis is being placed on improving the energy efficiency of buildings across all consumer segments, which is expected to drive the growth of the global electricity submeter market. Buildings account for a substantial share of energy consumption.


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Published:

January 2013

 

 

 

 

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