Demand for Power Meters Increases
New analysis from Frost & Sullivan, “Electricity Meters Market in Southeast Asia,” (Date Published: May 3rd, 2007) reveals that the market earned revenues of $191.4 million in 2006 and estimates this to reach $309.3 million in 2013. “The rate of growth in the different regional markets for electricity meters depends on the rate of construction of new residential and commercial buildings, as well as on the stage of privatization and deregulation in the national electricity supply industry," notes Frost & Sullivan Research Analyst Bharath Srinivasan.
Countries experiencing the fastest growth in their electricity meters markets are Indonesia and Vietnam, where basic power infrastructure is lacking and the growth in population and electricity demand warrants proportional investments in power distribution systems. Indonesia generated maximum revenues for electromechanical meters in 2006. Vietnam is likely to catch up with its demand for electronic meters during the end of the forecast period.
"The combined effect of replacing electromechanical meters with electronic ones and multifold growth in the power distribution sector is expected to fuel the electricity meters market in the long term," notes Srinivasan.
The report “Electricity Meters Market in Southeast Asia” is part of the Energy and Power Growth Partnership Services, which also includes research in the following markets: ANZ switchgear and transformer, North American medium and high voltage capacitor, and North American utility meters. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.
For a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Electricity Meters Market in Southeast Asia, send an e-mail to Donna Jeremiah, Corporate Communications, at [email protected], with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country.