360° Coverage : Growing Commercial and Industrial Sectors Driving Saudi Arabia...

12 Updates

Growing Commercial and Industrial Sectors Driving Saudi Arabia Electric Smart Meters Market, Says TechSci Research

Apr 3 2014, 2:16am CDT | by

Lower Operational Cost and Enhanced Energy Management to Boost Smart Meter Adoption in Saudi Arabia

Burnaby, Canada, April 03, 2014 --(PR.com)-- The installation of smart meters in Saudi Arabia was initiated by the country’s largest electricity producer and distributor, Saudi Electric Company,...

Filed under: news

YouTube Videos Tweets

 
 
 

25 weeks ago

Growing Commercial and Industrial Sectors Driving Saudi Arabia Electric Smart Meters Market, Says TechSci Research

Apr 3 2014, 2:16am CDT | by

Lower Operational Cost and Enhanced Energy Management to Boost Smart Meter Adoption in Saudi Arabia

Burnaby, Canada, April 03, 2014 --(PR.com)-- The installation of smart meters in Saudi Arabia was initiated by the country’s largest electricity producer and distributor, Saudi Electric Company, in 2010. The objective for implementing smart meter policy is to minimize transmission and distribution losses. Smart meters offer two way communication between consumers and suppliers, resulting in providing a clearer picture for mapping demand and supply requirements of electricity in a region.

Smart meters enable effective load management, while allowing suppliers to identify real-time energy consumption pattern of users, thereby, facilitating the power generating companies in identifying demand and supply gap. Another major benefit offered by smart meters is that they allow users in feeding the excess energy generated from renewable energy sources such as wind energy and roof top solar panels back to the grid, consequently, improving the efficiency of the overall grid system. By implementing smart meters, it is possible to record meter reading from a distance or from remote areas by using wireless technologies such as GPRS/3G, Wi-Fi, RF, etc. Usage of these wireless technologies significantly reduces the operational cost by eliminating the requirement of visiting the consumer premises for recording the meter reading.

According to a recently published report by TechSci Research, “Saudi Arabia Electric Smart Meters Market Forecast & Opportunities, 2019,” Saudi Arabia’s market for electric smart meters is projected to grow at a CAGR of around 10.12% in value terms during 2014-19. The volume sales of smart meters in Saudi Arabia are anticipated to increase by over two folds by the end of 2019. “Strong implementation plan by the Saudi Arabian government is substantially driving the market for electric smart meters in the country. In 2013, Saudi Arabia had around 6.7 million electricity subscribers, which are expected to increase over the next five years due to growing industrialization and urbanization. The installation of smart meters is expected to be completed in four phases, wherein, commercial and industrial segments are expected to be covered in the first two phases. Smart meter installation is planned in residential segment from 2015, and is expected to be completed by 2021,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Electric Smart Meters Market Forecast & Opportunities, 2019” has analyzed the potential of the electric smart meters market in Saudi Arabia and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.

Contact Information:
TechSci Research
Ken Mathews
+1 646 360 1656
Contact via Email
www.techsciresearch.com
2950, Boundary Road,
Burnaby, British Columbia,
Canada – VM5 3Z9

Read the full story here: http://www.pr.com/press-release/550600

Press Release Distributed by PR.com

 
Update
12

Tweets

 
 
Update
11

31 minutes ago

CBA boss bonus goes to shareholder vote

Oct 2 2014 12:57am CDT | Source: NEWS.com.au

CBA'S upcoming AGM will feature votes on a potential $4.7m payday for its CEO and Stephen Mayne's attempt to join its b ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
10

1 hour ago

Sanlam Emerging Markets buys stake in Ghana business for R240m

Oct 2 2014 12:19am CDT | Source: Business Day

Sanlam Emerging Markets CE Heinie Werth says the in the short term, the firm is likely to focus on deal making in Af ...
Source: Business Day   Full article at: Business Day
 

 
Update
9

1 hour ago

Merck Or Mom & Pop, Taxes Control Business Sales

Oct 2 2014 12:11am CDT | Source: Forbes Real Time

Selling a Business Means Taxes, Often at Two Levels, Company and Shareholders. Don't Wait Until Retirement Time To Think Critically and Pla ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
8

1 hour ago

Administration of veterans is in a shambles

Oct 1 2014 11:49pm CDT | Source: Business Day

Minister admits that the Department of Military Veterans is in such shambles that she is unable to provide Parliament with an annual report, financial statements or audit re ...
Source: Business Day   Full article at: Business Day
 

 
Update
6

1 hour ago

Stubborn office vacancies remain high

Oct 1 2014 11:36pm CDT | Source: Business Journal of Phoenix

Close to 23 percent of Phoenix’s office buildings remain empty. The regional office vacancy rate stands at 22.9 percent for the third quarter, according to the JLL commercial real estate firm. That’s better than during the depths of the Great Recession when more than a quarter of office space in the Valley was empty. But the vacancy rate was as low as 11 percent before the crash hit. Vacancy rates remain stubbornly ...
Source: Business Journal of Phoenix   Full article at: Business Journal of Phoenix
 

 
Update
5

2 hours ago

Social Security Q&A: Can You Swap Filing and Suspending for a Lump Sum Payment before 70?

Oct 1 2014 11:12pm CDT | Source: Forbes Real Time

Social Security may be your largest or one of your largest assets. How you manage it, by deciding which benefits to collect and when, can make an absolutely huge difference to your lifetime benefits. And those with the highest past covered earnings have the most to gain from ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
4

3 hours ago

Guest Post: When Income Tax Cuts Masquerade As Estate Tax Repeal

Oct 1 2014 9:52pm CDT | Source: Forbes Real Time

It's time for guest posts! Today, Josh Hoxie of the Director of the Project on Taxation and Opportunity at the Institute for Policy Studies (IPS) discusses the federal estate t ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
3

6 hours ago

Group Calls On Congress To End Treasury’s ‘Double-Crossing of Shareholders’

Oct 1 2014 7:14pm CDT | Source: The Daily Caller

Court says feds can take 100 percent of Fannie, Freddie profits ...
Source: The Daily Caller   Full article at: The Daily Caller
 

 
Update
2

6 hours ago

Coca-Cola, Yielding to Criticism, Revises Its Plan for Executive Pay

Oct 1 2014 6:58pm CDT | Source: NewYorkTimes-Business Day

The big question that now hangs over the company is whether the adjustments will satisfy the shareholders who had voiced ...
Source: NewYorkTimes-Business Day   Full article at: NewYorkTimes-Business Day
 

 
Update
1

9 hours ago

Does Keurig Green Mountain's $1 Billion Buyback Make Sense?

Oct 1 2014 3:30pm CDT | Source: Fool.com

Keurig Green Mountain is spending big bucks on stock buybacks. Here's what investors need to kno ...
Source: Fool.com   Full article at: Fool.com
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.

 

blog comments powered by Disqus

Latest stories

Modi visit very successful: US think tank
Washington, Oct 2 (IANS) Prime Minister Narendra Modi's US visit was "very successful" on many counts as he reached out to various interest groups in the US in unprecedented ways, according to a leading US think tank.
 
 
With Modi momentum, US seeks enhanced energy collaboration
Washington, Oct 2 (IANS) With Indian Prime Minister Narendra Modi "providing a new momentum", the US has suggested four areas where India and the US can enhance collaboration in energy and sustainable development.
 
 
IMF calls for more oversight of shadow banks
Washington, Oct 2 (IANS) The International Monetary Fund (IMF) Wednesday urged countries to include oversight of shadow banking as part of their policies designed to keep the overall financial system safe.
 
 
US, Brazil strike new deal to end cotton trade dispute
Washington, Oct 2 (IANS) The US and Brazil reached an agreement Wednesday to end a decade-long cotton dispute between the two countries.
 
 
 

Latest from the Network

UN chief slams terror attacks in Syria
United Nations, Oct 2 (IANS) UN Secretary General Ban Ki-moon has condemned the twin bomb attacks near a school in Syria that killed 31 people. Several children were among those killed in the Wednesday attack in the...
Read more on Politics Balla
 
C.J. Spillman Being Investigated for Sexual Assault
Dallas Cowboys safety C.J. Spillman is being investigated for sexual assault.According to ESPN Dallas' Calvin Watkins and Todd Archer, the alleged incident took place at the Gaylord Hotel on Sept. 20, a day before the...
Read more on Sport Balla
 
Zach Braff defends Kickstarter project
Zach Braff has hit back at criticism of his Kiskstarter project. The multimillionaire actor and filmmaker - who is best known for playing the character of Dr. John Dorian on US sitcom 'Scrubs' - felt his the response to...
Read more on Movie Balla
 
Modi visit very successful: US think tank
Washington, Oct 2 (IANS) Prime Minister Narendra Modi's US visit was "very successful" on many counts as he reached out to various interest groups in the US in unprecedented ways, according to a leading US think tank...
Read more on Politics Balla
 
IOC 'satisfied' with Rio 2016 preparations
Rio de Janeiro, Oct 2 (IANS) The International Olympic Committee (IOC) said it was 'satisfied' with the state of preparations for the Rio 2016 Olympic Games. IOC representatives completed a three-day visit of Rio...
Read more on Sport Balla
 
Asian Games: Indian women paddlers Manika, Ankita ousted
Incheon, Oct 2 (IANS) Indian women paddlers Manika Batra and Ankita Das lost their respective matches and were knocked out of the women's singles table tennis event of the 17th Asian Games here Thursday. Manika was...
Read more on Sport Balla
 
With Modi momentum, US seeks enhanced energy collaboration
Washington, Oct 2 (IANS) With Indian Prime Minister Narendra Modi "providing a new momentum", the US has suggested four areas where India and the US can enhance collaboration in energy and sustainable development. "We...
Read more on Politics Balla
 
Indian women's kabaddi team in final
Incheon, Oct 2 (IANS) Defending champion India stayed on course for their second consecutive Asian Games gold medal in women's kabaddi as they marched into the final, beating Thailand 41-28 in the semi-final at the...
Read more on Sport Balla
 
Obama very pleased with Modi visit
Washington, Oct 2 (IANS) President Barack Obama was "very pleased" with and "enjoyed" Prime Minister Narendra Modi's visit as it reflected the depth of the strong relationship between the US and India, according to the...
Read more on Politics Balla
 
Leonardo DiCaprio won't have a joint birthday party with Kate Winslet
Leonardo DiCaprio refuses to have a joint 40th birthday party with Kate Winslet. The 'Divergent' star - who will celebrate the milestone in October 2015 - has been close friends with the actor for almost 20 years and he...
Read more on Celebrity Balla