Worldwide Shipments of Electricity Submeters Market Will Total More than 10 Million through 2020, Fo
Worldwide Shipments of Electricity Submeters Market Will Total More than 10 Million through 2020, Forecasts Pike Research
BOULDER, Colo.--(BUSINESS WIRE)-- Electricity submeters are installed downstream of the utility meter and provide disaggregated energy and power quality information to key decision-makers including facilities managers, building owners, tenants, etc., enabling them to increase efficiency and more readily monitor systems. While the technology is not new, building owners and managers are taking control of costs in commercial, industrial, and residential buildings worldwide, empowered by tools and solutions that offer deep insight into the way energy is used in their buildings. Submetering technology and services lie at the heart of this transformation. According to a recent report from Pike Research, a part of Navigant's Energy Practice, worldwide shipments of both advanced and basic electricity submeters will grow steadily over the remainder of this decade, reaching 1.6 million annually by 2020. From 2012 to 2020, shipments will total more than 10 million, according to the report.
"Green building certification programs like Leadership in Energy and Environmental Design (LEED) and Building Research Establishment Environmental Assessment Method (BREEAM) specifically recommend, incentivize, or even require submetering to be installed in certified properties," says senior research analyst Eric Bloom. "At the same time, a number of important regulations, such as building codes and governmental imperatives, are coming into effect, requiring submetering or continuous energy monitoring. These forces are driving demand for submetering technology and services that leverage the data that submeters provide."
Over the next eight years an increasing number of submeters will be fitted with wireless capability, the study concludes. Wireless is ideal in cases where significant cabling would be required to enable a submeter system and it results in considerable avoided cost. This type of arrangement makes sense in many campus-wide submeter retrofits, where the installation of copper is impractical. However, wireless still faces a number of financial and technical barriers to implementation. Adding a wireless communication device can add considerable upfront cost to a submetering system, and from a technical perspective, wireless systems cannot always provide data over the long distances required for certain installations. Nevertheless, wireless submeters will help expand the overall market, according to the report.
The report, "Electricity Submeters", provides a comprehensive overview of the submeter technology and services market worldwide, including submeter hardware (basic and advanced submeters), other hardware, submetering energy management software, installation costs, customer training services, and other submeter services. It provides market sizing and forecasting for the above segments in all major world regions for the period from 2012 through 2020. An Executive Summary of the report is available for free download on the Pike Research website.
About Pike Research
Pike Research, which joined Navigant's global Energy Practice on July 1, 2012, provides in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, "Electricity Submeters," is a summary and reflects Pike Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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