About electricity submeters
Electricity submeters are connected downstream from utility meters to provide disaggregated energy and power quality data to key decision makers such as facility managers, building owners, and tenants, allowing them to increase efficiency and assess the systems more easily. Electricity submetering is the technology of choice for energy managers concerned about the efficiency of buildings and factories, and helps them understand energy usage and identify areas for improvement. The latest metering tools and solutions offer a deep insight into the energy consumption of individual pieces of equipment in a building, and help building owners and managers control the costs of commercial, industrial, and residential buildings.
Technavio's analysts forecast the electricity submeters market in Europe to grow at a CAGR of 13.8% over the period 2014-2019.
Covered in this report
Technavio's report, Electricity Submeters Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers electricity submeters market landscape in Europe and its growth prospects in the coming years. The report also includes the segmentation of electricity submeters market in Europe on the basis of type of submeters and end-users. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Electricity Submeters Market in Europe 2015-2019
Technavio recognizes the following companies as the key players in Electricity Submeters Market in Europe 2015-2019: ABB Ltd., Eaton Corp., General Electric (GE), Honeywell International Inc. and Schneider Electric SA
Other Prominent Vendors in the market are: Meters UK, Integrated Metering Systems and Siemens
Commenting on the report, an analyst from Technavio’s team said: “Traditional leaders in the building controls and equipment industry are trying hard to incorporate submetering technology into their energy efficiency solutions and platforms to manage the growing demand for submetering capabilities. Many firms have made major acquisitions of submeter vendors in recent years to diversify and enhance their energy efficiency platforms. The European power utilities continue to make significant investments in submetering technologies and meters in response to increased demand for submeters. The important building efficiency solution providers such as Schneider Electric, Eaton and ABB lead the electricity submeters market in Europe. These companies have made huge investments in submetering technology in different parts of the region. In addition, some vendors implement software and services platforms to provide building owners with solutions that save money and make facility management easier.”
According to the report, the increased focus on finding solutions to improve energy efficiency of buildings across all consumer segments will propel the electricity submeters market in Europe. This is because buildings account for a significant share of energy consumption and many energy efficiency policies are being implemented in key countries worldwide. Many programs and rating systems are being introduced with the objective of developing energy-efficient buildings. These programs include BREEAM in the UK, which has boosted the market in the region.
Further, the report states that the high cost of electricity submeters is inhibiting market growth.
ABB, Eaton, GE, Honeywell International, Schneider Electric, Integrated Metering Systems, Meters UK, Siemens
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook