DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2stb6j/subsaharan) has announced the addition of the "Sub-Saharan Africa Electricity Metering: Market Forecast (2014 - 2024)" report to their offering.
Sub-Saharan Africa is poised for a decade of strong, continuous economic growth. In order to sustain this growth, African countries are investing heavily in the power sector and rapidly expanding electrification programs. As they do, electricity metering will increase in importance, creating significant market potential. Metering is critical to Africa's growth efforts as utilities seek to ensure financial sustainability through improved revenue collection. In the near term, this includes implementing metering for currently unmetered customers and large-scale deployments of prepaid meters.
Prepaid meters already make up 27.5% of the residential metering market and this share will grow to 52.8% by 2024. In the more advanced countries, AMI metering will grow beginning in the early 2020s. Led by the large South African market, AMI metering will reach 29.3% of the total market by 2024.
At the same time, the African metering market faces significant challenges. Most notably, per-capita electricity consumption is the lowest in the world.
Key questions answered in this study:
- How large will the electricity metering market in Sub-Saharan Africa be over the next ten years?
- Which countries have large-scale prepaid metering plans and electrification goals?
- Which countries are undergoing industry restructurings that will highlight the importance of utility financial sustainability through improved metering?
- Where are the largest opportunities for commercial and industrial metering and AMI metering?
- Who are the leading vendors and which ones are well placed to compete for this growing market?
For more information visit http://www.researchandmarkets.com/research/2stb6j/subsaharan