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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,...

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21 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
11

23 minutes ago

US manufacturing, construction sectors roar

Sep 2 2014 9:00am CDT | Source: CNBC

U.S. manufacturing surged to its highest level in more than 3 years, as construction s ...
Source: CNBC   Full article at: CNBC
 

 
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10

23 minutes ago

Real estate agent led double life

Sep 2 2014 9:00am CDT | Source: The Courier Mail

ONE of Australia’s top real estate agents was allegedly living a double life, with the drug addict trafficking drugs and threatening death against those wh ...
Source: The Courier Mail   Full article at: The Courier Mail
 

 
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9

32 minutes ago

Here Comes Construction Spending...

Sep 2 2014 8:51am CDT | Source: Business Insider

The July construction spending report comes out at 10:00 a.m. ET. Economists estimate spending jumped 1.0% in July, recovering some of the 1.8% decline in June. "The big swing owes to state and local spending which plunged 5.2% in June," said Bank of America Merrill Lynch economists. "That said, private nonresidential construction spending was down 1.6% in June while residential dropped 0.3%. We expect residential investment to recover given the ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
8

48 minutes ago

Maine home prices rise 10.6 percent in July

Sep 2 2014 8:35am CDT | Source: Sun Journal

WASHINGTON — Maine home prices rose 10.6 percent in July. That's the second biggest gain in real estate prices in the country.  Nationally, home prices rose in July but at a slower rate compared with earlier this year. The moderating price increases could help support sales.... ...
Source: Sun Journal   Full article at: Sun Journal
 

 
Update
7

50 minutes ago

Anglo American CEO Says Open to Takeover Offers

Sep 2 2014 8:33am CDT | Source: WSJ.com: Europe Home

The chief executive of Anglo American, one of the world's largest mining companies, said he won't pull up the drawbridge if a compelling ta ...
Source: WSJ.com: Europe Home   Full article at: WSJ.com: Europe Home
 

 
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5

57 minutes ago

Former Oakland YWCA now a dorm for business students

Sep 2 2014 8:26am CDT | Source: San Francisco Business Times

A building in Oakland that used to house a YWCA will now house students attending a San Francisco business school. The Lake Merritt Lodge has undergone a $10 million renovation and has been renamed the Hult Lodge, according to a story in the Contra Costa Times. The six-story, 45,000-square facility built in 1929 will be dormitory for students attending the Hult International Business School. The lodge was purchased last year b ...
Source: San Francisco Business Times   Full article at: San Francisco Business Times
 

 
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4

1 hour ago

This Smart Shoe Sole Will Keep You Warm During The Winter And Track Your Activity At The Same Time

Sep 2 2014 8:00am CDT | Source: Business Insider

According to Karim Oumnia, a longtime engineer for designer shoe companies like Baliston and Glagla Shoes, the footwear industry is old-fashioned and lacking in innovation. "The first part of your body in connection with the ground is your feet, and your feet are supporting all your weight," Oumnia explained to Business Insider. We just aren't taking good enough care of our feet, Oumnia contends. That's why he spent the last ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
3

1 hour ago

Goa postpones fifth iron ore auction amid fear of poor response

Sep 2 2014 8:00am CDT | Source: Business Standard

Feared with poor response from participants, the government of Goa has postponed fifth round of iron ore auction scheduled to be held on Tuesday."We have postponed the fifth iron ore auction scheduled to b ...
Source: Business Standard   Full article at: Business Standard
 

 
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2

1 hour ago

Unlisted PSUs likely to be part of FY15 disinvestment programme

Sep 2 2014 7:54am CDT | Source: Business Standard

The government, which has set an ambitious disinvestment target for 2014-15, is considering offloading its holding in certain unlisted public sector undertakings (PSUs) without coming out with a ...
Source: Business Standard   Full article at: Business Standard
 

 
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1

1 hour ago

Temporary Shutdown Of Outlets & Agricultural Ban In Russia To Worsen McDonald's Sluggish Growth

Sep 2 2014 7:45am CDT | Source: Forbes Real Time

Whatever might be the reason, the fast food chain is facing serious consequences and if the situation does not improve, it might worsen the company's already sluggish growth. In June-ended quarter, the company reported relatively flat global comparable store sales and 1% increase in consolidated revenues. In the U.S., comparable store sales decreased ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 

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