DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Sub-Saharan Africa Electricity Metering: Market Forecast (2016 - 2026) " 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.
By the end of 2016, prepaid meters will make up 42% of the residential metering market and this share will grow to 61% by 2020. AMI metering - often including prepaid features - will also grow significantly in larger countries like Nigeria and South Africa. By 2026, over 90% of electricity meters in Africa will be either AMI or non-communicating prepaid meters.
At the same time, the African metering market faces significant challenges. Most notably, per-capita electricity consumption is the lowest in the world. In per-capita consumption terms, the cost of advanced meters may be prohibitively high in some areas. Additionally, large rural populations make electrification impractical in some countries. Finally, political risk remains high across the continent.
Key questions answered in this study:
- How large will the electricity metering market in 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?
- How is Nigeria's power sector privatization driving AMI deployments?
- Where are the largest opportunities for commercial and industrial meters?
Who are the leading vendors and which ones are well placed to compete
for this growing market?
Key Topics Covered:
2. Africa metering snapshot
3. Market forecast
4. South Africa
19. Other countries
For more information visit http://www.researchandmarkets.com/research/xf2mrw/subsaharan