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Escalating Power Demand Provides Impetus for Growth in Southeast Asian Electricity Meters Market - New analysis from Frost & Sullivan, Electricity Meters Market in Southeast Asia reveals that the market earned revenues of $191.4 million in 2006 and estimates this to reach $309.3 million in 2013
Escalating Power Demand Provides Impetus for Growth in Southeast Asian Electricity Meters Market

 

PRZOOM - /newswire/ - Singapore, Singapore, 2007/05/03 - New analysis from Frost & Sullivan, Electricity Meters Market in Southeast Asia reveals that the market earned revenues of $191.4 million in 2006 and estimates this to reach $309.3 million in 2013.

   
 
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Increasing demand from small and large power consumers is essentially driving sales of both single phase and three phase meters. Approximately 5 million electricity meters are bought and sold in Southeast Asia annually. High economic growth is responsible for much of the demand in this market.

New analysis from Frost & Sullivan (energy.frost.com), Electricity Meters Market in Southeast Asia 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 market is highly active with several public and private utilities, smaller municipalities, and electric cooperatives. Utilities are proving to be smarter with their electricity meter procurement strategies and the increasing market competition also adds to pricing pressure among manufacturers and suppliers of electricity meters. Their increasing bargaining capabilities have reduced the prices of electronic meters.

For instance, in Malaysia, the central utility Tenaga Nasional Berhad (TNB), frequent equipment price reviews, local competition, and tendering procedures have enabled them to have a control over the pricing on electricity meters. This effect of bargaining and controlling the prices in the market has been quite dynamic among the various countries in Southeast Asia.

Power distribution utilities are now overcoming their struggle to compare between products and pricing. They are finding it easier to evaluate tenders since they currently understand the specifications from suppliers. Their increasing knowledge on the product and pricing is further expected to improve as people opt for more advanced metering solutions and infrastructure or automatic meter reading systems.

Electromechanical meters merely measure demand and consumption of energy and are quite simple. However, with the latest electronic meters one can implement the tariff at which the utilities sell the electricity. Therefore, power distribution electric utilities can sell electricity at a lesser price when the demand is low, and kilowatt-hour (kWh) pricing can be high when the demand is high.

"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.

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.

If you are interested in 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 email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Escalating Power Demand Provides Impetus for Growth in Southeast Asian Electricity Meters Market

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