Power Metering Market, By Type (Smart, Digital, and Analog), By Phase Type (Single-phase and Three-phase), By End User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Power Metering Market, By Type (Smart, Digital, and Analog), By Phase Type (Single-phase and Three-phase), By End User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
The global power metering market has witnessed significant growth in recent years due to the increasing focus on grid infrastructure development and the adoption of smart grid technologies. Power metering solutions help utilities monitor energy consumption patterns and power quality in real-time. They facilitate more efficient demand management and help reduce non-technical losses. With rising energy costs and growing environmental concerns, accurate metering has become critical for energy savings and conservation. The market has been driven by supportive government policies and regulations promoting smart grid projects and advanced metering infrastructure. Ongoing technological advancements in metering technologies such as the integration of communication capabilities and IoT are further expanding the potential of this market.
Market Dynamics:
The power metering market is growing at a rapid pace globally. The key drivers contributing to the market growth include growing investments in smart grid projects for modernizing aging power infrastructure, stringent regulations mandating the deployment of smart meters. Rising focus on energy conservation with the help of advanced metering solutions, and increasing adoption of renewable energy sources which is elevating the need for improved grid monitoring and control. However, high initial installation and maintenance costs of smart meters pose a major challenge to the market. Cybersecurity issues concerning meters connected through communication networks is another restraining factor. The market players have significant opportunities from emerging economies investing heavily in power grid upgrade programs. Rapid technological advancements in metering technologies will further open up new avenues. The adoption of cloud computing, big data analytics, and integration of metering solutions with home energy management systems are some lucrative prospects.
Key Features of the Study:
This report provides in-depth analysis of the global power metering market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global power metering market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include General Electric, Itron, Toshiba Corporation, Melrose Industries plc., Wasion Group Holdings Ltd., ABB, Eaton Corporation Plc, Siemens AG, Holley Metering, Aclara Technologies LLC, Kamstrup AS , HPL India, Power India Meters, Schneider Electric, Techno Meters & Electronics, Genus Power Company, Eastron Electronic Co., Ltd., Camax Ltd, Autometers Systems, and Holley Tech UK
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global power metering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global power metering market
Detailed Segmentation-
By Type:
Smart
Digital
Analog
By Phase Type:
Single-phase
Three-phase
By End-User:
Residential
Commercial
Industrial
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Company Profiles:
General Electric
Itron
Toshiba Corporation
Melrose Industries plc.
Wasion Group Holdings Ltd.
ABB
Eaton Corporation Plc
Siemens AG
Holley Metering
Aclara Technologies LLC
Kamstrup AS
HPL India
Power India Meters
Schneider Electric
Techno Meters & Electronics
Genus Power Company
Eastron Electronic Co., Ltd.
Camax Ltd
Autometers Systems
Holley Tech UK
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Phase Type
Market Snippet, By End-User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER’s Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Power Metering Market - Impact of Coronavirus (COVID-19) Pandemic
Overview
Factors Affecting the Global Power Metering Market
Impact Analysis
5. Global Power Metering Market, By Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Smart
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Digital
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Analog
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
6. Global Power Metering Market, By Phase Type, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Single-phase
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Three-phase
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
7. Global Power Metering Market, By End-User, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
Residential
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Commercial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
Industrial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Segment Trends
8. Global Power Metering Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2020-2031
North America
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Phase Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End-User, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn))
Market Size and Forecast, By Phase Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End-User, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Phase Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End-User, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Phase Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By End-User, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Type, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Phase Type, 2019 - 2031 (US$ Bn)
Market Size and Forecast, By End-User, 2019 – 2031, (US$ Bn)
Market Size and Forecast, By Country, 2019 – 2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East & Africa
9. Competitive Landscape
Market Share Analysis
Company Profiles
General Electric
Company Overview
Type Portfolio
Recent Developments/Updates
Itron
Company Overview
Type Portfolio
Recent Developments/Updates
Toshiba Corporation
Company Overview
Type Portfolio
Recent Developments/Updates
Melrose Industries plc.
Company Overview
Type Portfolio
Recent Developments/Updates
Wasion Group Holdings Ltd.
Company Overview
Type Portfolio
Recent Developments/Updates
ABB
Company Overview
Type Portfolio
Recent Developments/Updates
Eaton Corporation Plc
Company Overview
Type Portfolio
Recent Developments/Updates
Siemens AG
Company Overview
Type Portfolio
Recent Developments/Updates
Holley Metering
Company Overview
Type Portfolio
Recent Developments/Updates
Aclara Technologies LLC
Company Overview
Type Portfolio
Recent Developments/Updates
Kamstrup AS
Company Overview
Type Portfolio
Recent Developments/Updates
HPL India
Company Overview
Type Portfolio
Recent Developments/Updates
Power India Meters
Company Overview
Type Portfolio
Recent Developments/Updates
Schneider Electric
Company Overview
Type Portfolio
Recent Developments/Updates
Techno Meters & Electronics
Company Overview
Type Portfolio
Recent Developments/Updates
Genus Power Company
Company Overview
Type Portfolio
Recent Developments/Updates
Eastron Electronic Co., Ltd.
Company Overview
Type Portfolio
Recent Developments/Updates
Camax Ltd
Company Overview
Type Portfolio
Recent Developments/Updates
Autometers Systems
Company Overview
Type Portfolio
Recent Developments/Updates
Holley Tech UK
Company Overview
Type Portfolio
Recent Developments/Updates
10. Analyst Recommendations
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. Section
References
Research Methodology
About Us and Sales Contact
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