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Extensive Meter Replacement Projects Boost Prospects of Electricity Meter Manufacturers in Southeast Asia Finds Frost & Sullivan - To taste success, market participants must roll out electricity meters that are durable, highly accurate, and have power back up capabilities - Energy.Frost.com
Extensive Meter Replacement Projects Boost Prospects of Electricity Meter Manufacturers in Southeast Asia Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Singapore, Singapore, 2014/06/16 - To taste success, market participants must roll out electricity meters that are durable, highly accurate, and have power back up capabilities - Energy.Frost.com.

   
 
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The electricity meters market in Southeast Asia is gaining pace due to several factors. In addition to new installations for a growing residential segment and the replacement of obsolete electromechanical meters with more recent technologies, the market is also getting a boost from the governments’ drive to increase the electrification ratio and improve grid efficiency. Market participants should offer highly accurate electricity meters that are durable and have power back up capabilities, if they want to successfully penetrate the electricity meters market in the region.

New analysis from Frost & Sullivan, Electricity Meters Market in Southeast Asia, finds that the market earned revenues of US$403.9 million in 2013 and estimates this to reach US$483 million in 2018. The study covers electromechanical, electronic, prepaid and advanced metering infrastructure (AMI)/ automatic meter reading meters.

Opportunities for electricity meter manufacturers are on the rise, as power utilities implement meter replacement projects in the Philippines, Malaysia and Vietnam. These opportunities, along with the boost in prepaid meter sales, especially in the Philippines and Indonesia, are fuelling market revenues. The governments in both these countries are eager to install customer-friendly solutions that can control and monitor energy usage.

"Indonesia will be a particularly lucrative market for electricity meter manufacturers, as utility companies who are looking to reduce their operational expenses, electricity pilferage, and power loss are implementing a widespread meter replacement project to install prepaid meters in the residential segment," said Frost & Sullivan Energy & Environmental Senior Research Analyst Avanthika Satheesh.

"Other worthwhile markets include Thailand, where AMI trial projects are expected to commence, and Singapore, where AMI meter installation in the commercial and residential segments has already started," she added.

However, the replacement of electromechanical meters with newer technologies has resulted in more accurate readings and higher billings for customers. This has created resentment and stiff resistance to newer meters. Further, the dearth of skilled labor and financial constraints are delaying AMI projects across Southeast Asia. These factors, coupled with the lack of a fixed roadmap for AMI meter installations in countries such as Malaysia, Singapore and Thailand, are slowing down market growth.

"With some utilities having declared fixed timelines for the completion of meter replacement projects and increase of electrification ratios, the demand for electricity meters will strengthen. Hence, electricity meter manufacturers can rest assured that they will have plenty of opportunities to tap in Southeast Asia," noted Satheesh.

For more information on this study, please email Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com.

Electricity Meters Market in Southeast Asia is part of the Energy & Power (energy.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Advanced Metering Infrastructure (AMI) Market, Electricity Metering Update 2013, Evolution of European Meter Data Management Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
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Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Electricity Meters Market in Southeast Asia / NDB6-76

Contact: Melissa Tan - Corporate Communications Asia Pacific
P: +65 6890 0926 / F: +65 6890 0999 - E: melissa.tan[.]frost.com.

 
 
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Extensive Meter Replacement Projects Boost Prospects of Electricity Meter Manufacturers in Southeast Asia Finds Frost & Sullivan

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Frost & Sullivan |
Publisher Contact: Donna Jeremiah / Carrie Low - Frost.com 
+61(2) 8247 8927 / +603 6204 5910 djeremiah[.]frost.com / carrie.low[.]frost.com
 
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