Power Metering Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-765 | Report Format : | Status : Upcoming |

Abstract

Global Power Metering Market: Overview

Power metering equipment is employed to measure and monitor electricity consumption in the household and industrial areas. Power meters provide accurate statics of the power consumption compared to electric meters; relevant data metrics is also provided by them. These power metering equipment are replacing the conventional digital meters. The power meter is required in the house and other major places to know power consumption. Hence, it is emerging as an efficient and reliable power distribution setup system across the world. These meters are extensively installed in many industrial verticals for varied purposes.

Global Power Metering Market: Growth Factors

Government initiation and other legislative bodies for power access by installing more power grids, and other initiatives taken in various regions may propel the global power metering market. Technological up gradation and increasing environmental concerns in the conventional infrastructure have opened up new growth opportunities in the global market. The demand for power metering is expected to spur in the next few years. Power meter holds numerous advantages such as fraud detection, energy savings, pre-payment facilities, and information on peak consumption hours. Hence, the adoption of power meters in order to control electricity consumption during peak hours is increasing globally. This is expected to foster the global power metering market in future. Furthermore, various new strategies are adopted to reduce operating costs and improve efficiency via monitoring of data, which may enhance the growth of global power metering market. Conversely, the issues related to privacy and standardization of the power meter may deter the market growth over the next few years.

Global Power Metering Market: Segmentation

The global power metering market is segregated based on applications as commercial, residential, and industrial. Based on the phase, the global market is further divided into three phase, and single phase. North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa give the geographical segmentation of the global market.

Global Power Metering Market: Regional Analysis

Increasing demand in the countries such as India, South Africa, and Brazil is expected to drive the global power metering market. North America is one of the leading markets for power meter in the global market. Growing infrastructure and government projects boost the global power metering market. In addition, government support for building and construction activities is projected to fuel the global market growth. Moreover, Asia-Pacific is the major emerging market for power metering. Government project such as 'smart city' in India contributes to the growth in the global power metering market. Whereas, emerging economies such as China and Japan are focusing on grabbing major market in this region.

Global Power Metering Market: Competitive Players

Major players dominating the global power metering market are Melrose Industries, Siemens, Itron, Holley Metering, General Electric, ABB, Jiangsu Linyang Electronics Co., Ltd., Toshiba, Melrose Industries, and Sensus USA. Other players influencing the global market are Eaton, Toshiba, Landis+Gyr, and Wasison Group Holdings.

Global Power Metering Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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