Lewes, DE -- (SBWire) -- 05/04/2015 --Report forecast the electricity submeters market in Europe to grow at a CAGR of 13.8% over the period 2014-2019.
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.
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.
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.
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
Market driver
- Increased focus on improving energy efficiency of buildings
- For a full, detailed list, view our report
Market challenge
- High cost of electricity submeters
- For a full, detailed list, view our report
Market trend
- Increased investment in submetering technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 75 pages, "Electricity Submeters Market in Europe 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by End-user, Market Segmentation by Architectural Model, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/electricity-submeters-market-europe-2015-2019
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