Global Electric Meter Market Growth (Status and Outlook) 2024-2030

Global Electric Meter Market Growth (Status and Outlook) 2024-2030

Electric meters, also known as electricity meters, are devices used to measure the amount of electric energy consumed by a residence, business, or an electrically powered device. They play a crucial role in the billing process for electric utilities, providing the data needed to charge customers for their electricity usage. Over the years, electric meter technology has evolved significantly, from mechanical designs to sophisticated smart meters that offer a wide range of functionalities beyond simple energy measurement.

The global Electric Meter market size is projected to grow from US$ 10190 million in 2024 to US$ 13940 million in 2030; it is expected to grow at a CAGR of 5.4% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Electric Meter Industry Forecast” looks at past sales and reviews total world Electric Meter sales in 2022, providing a comprehensive analysis by region and market sector of projected Electric Meter sales for 2023 through 2029. With Electric Meter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electric Meter industry.

This Insight Report provides a comprehensive analysis of the global Electric Meter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Electric Meter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electric Meter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electric Meter and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electric Meter.

United States market for Electric Meter is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Electric Meter is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Electric Meter is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Electric Meter players cover Landis+Gyr (Toshiba Corporation), Itron, Honeywell, Aclara, Microchip Technology, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Electric Meter market by product type, application, key players and key regions and countries.

Segmentation by Type:
Electromechanical Meter
Electronic Meter
Others

Segmentation by Application:
Industrial
Commercial
Residential
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Electromechanical Meter
Electronic Meter
Others

Segmentation by Application:
Industrial
Commercial
Residential
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Landis+Gyr (Toshiba Corporation)
Itron
Honeywell
Aclara
Microchip Technology
Iskraemeco
Wasion Group
Schneider Electric
Jiangsu Linyang
Siemens
Genus Power Infrastructure
Networked Energy Services
Holley Metering

Please note: The report will take approximately 2 business days to prepare and deliver.