Growing Commercial and Industrial Sectors Driving Saudi Arabia Electric Smart Meters Market, Says TechSci Research
Summary
Usage of these wireless technologies significantly reduces the operational cost by eliminating the requirement of visiting the consumer premises for recording the meter reading.“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.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.“Strong implementation plan by the Saudi Arabian government is substantially driving the market for electric smart meters in the country.