GLOBAL PRE-PAID METERING TO TRIPLE

Prepaid Metering; Meters, Software, and Services: Opportunities, Challenges, and Global Market Analysis and Forecasts

1Q 2015 (Navigant Research)

“The market for prepaid electric metering is steadily gaining ground due to smart metering technology, as well as growing acceptance of the idea of prepaying for services. Smart meters and the accompanying advanced infrastructure can enable utilities to offer prepay as an option. However, some regulators have not allowed this payment method because they see risks to vulnerable customers, such as the elderly or those on low incomes. Other customers prefer prepaying for electricity since it helps them better manage their budgets and, in some cases, reduce their energy consumption…In a few markets, like Great Britain, South Africa, and some countries in Asia Pacific, the existing prepaid meters and payment systems have been accepted and adoption is expected to grow…According to Navigant Research, the global installed base of prepaid metering customers is expected to grow from 31.7 million in 2014 to 85.2 million in 2024…” click here for more

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