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According to Technavio’s market research analysis, the rising awareness programs encouraging consumers to adopt smart meters will be one of the major global power utility monitoring system market drivers during the forecast period. Owing to the less knowledge of power distribution solutions among consumers, utilities are looking at educating consumers about advantages of setting up improved power distribution solutions. Moreover, the Austrian government started a campaign to educate consumers about the advantages of smart metering through news articles, mails, social media, and press conferences. The rising requirement for consumer engagement has assisted in increasing the adoption rates of smart meters that in turn creates an opportunity for power utility monitoring system vendors in this market. Our market research analysts predict that this market will grow at a CAGR of more than 6% by 2022.
The rising adoption of smart sensors in power utilities is one of the key power utility monitoring system market trends in the forthcoming years. Smart sensor fitted smart meters offer accurate meter reading due to their ability to record more than 17,000 readings every year. New solutions in smart sensors are being offered by numerous vendors in the market. For instance, eMS provides wireless temperature sensors that offer real-time and constant monitoring. These sensors are increasingly scalable and need no power.
Characterized by the presence of several players, the power utility monitoring system market appears to be fragmented. This industry research report offers information about the competitive environment among the players in this marketspace and offers an analysis of the key companies and their products such as energy management systems. Additionally, our analysts also offer information about the key areas the players currently focus on and the strategies they follow to sustain the competition in the energy management systems market.
This research report provides an analysis of the various companies in this market including –
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The commercial and residential end-user segment accounted for the major share of the power utility monitoring system market during 2017. Our industry expert analysts predict that this end-user segment will lead the market during the forecast period.
According to this market research report, EMEA will offer the maximum growth opportunities to the players in the power utility monitoring system market throughout the forecast period.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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