Malaysian Smart Meters Market Landscape Examined by TechSci Research in New Report Published at MarketPublishers.com17 Jun 2015 • by Natalie Aster
LONDON – Malaysia demonstrated a 96.83% rate of access to electricity in 2013. With a view to decrease domestic consumption of natural gas for the generation of electricity, the country’s government is supporting the use of renewable energy sources. Furthermore, the government’s increasing emphasis to improve the efficiency of electricity transmission and distribution has resulted in the deployment of smart meter implementation programme in the country.
Malaysia’s smart meter market is forecast to register a CAGR of close to 12% through 2023. Surging concerns over reliability and security of the grid, growing share of renewable electricity and the advent of electric vehicles have expressed concerns over smooth and ongoing electricity supply countrywise. Domestic electricity demand grew by nearly 78% during 2000-2013. Additionally, during 2004-2014, Tenaga Nasional Berhad, the nation’s biggest electricity utility, having a customer base of 8.5 million, has sustained USD 1.5 billion in distribution and transmission losses. TNB has been authorized to carry out a pilot study on smart meters in the country. The roll-out of smart meters is projected to commence from Q1 2016 and completed within 8 years.
New study “Malaysia Smart Meters Market Forecast and Opportunities, 2023” elaborated by TechSci Research provides an all-encompassing understanding and granular analysis of the smart meter market in Malaysia. It includes market size figures and forecasts to 2023, by volume and value, alongside giving a detailed overview of key indicators for smart meters. A regional market analysis is provided as well. The report provides an up-close look at the policy & regulatory environment, casts light on the market trends & developments and emerging opportunities, identifies and canvasses key market growth drivers and challenges. The study provides a segmentation of the national smart meter market based on cost component. An all-round analysis of the competitive scene is provided including profiles of the 8 major market participants. Strategic recommendations are ay hand in the report as well.
Companies discussed: Enverv Inc., Itron Inc., Smart Meter Technologies, ComintelSdn. Bhd., Malaysia Intelligent Meter, Elster, Echelon Corporation and Owon.
Malaysia Smart Meters Market Forecast and Opportunities, 2023
Date: June, 2015
Price: US$ 2,200.00
More new reports by this publisher can be easily found at TechSci Research page.