The overall management of water, gas and electricity resources is the major challenge of the 21st Century for us all.
We must adopt a measurable energy comfort to better manage networks while taxing those who continue to act irresponsibly. Xemtec fights against the waste of resources by providing all consumers with a simple tool which allows them to be 100% responsible.
It is a fact that improvement can be achieved through measuring. We are convinced that the future lies in automatic acquisition of electricity, gas, heat, and water consumption data, in order to better manage infrastructure and consumption and finally educate all involved parties.
The size of the smart energy metering market is fairly large given the basis of meters installed in the industrialized countries. Due to the deregulation of the energy market, smart meter solutions have been deployed in most countries.
However, taking into account the major trends and decisions on energy and environmental policy, it is expected that the European market will grow rapidly over the next 10 years, at a rate of 5-15 million meters to be equipped with an AMR solution every year.
The deregulation of the energy market and new legislation have brought to the market new incumbents that see the possibility in smart metering and AMR solutions to develop new business models.
In summary, the combination of changes in regulatory conditions in several countries, the increased competition in the energy market to deliver not only energy but also added-value services to end-users, and the progress of our products (higher performance and lower cost) create favorable conditions for us.