Power Metering Market Size, Share, Trends, Growth and Forecast 2034
Power Metering Market By Phase (Single Phase, Three Phase), By Type (Smart Meter, Digital Meter, Analog Meter), By Application (Residential, Commercial, Industrial), By Component (Hardware, Software, Services), By Communication Technology (Wired, Wireless), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2025 - 2034
| Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 18.18 Billion | USD 45.04 Billion | 9.5% | 2024 |
Table Of Content
- Chapter 1.Preface
- 1.1.Report Description
- 1.2.Report Scope
- Chapter 2.Research Methodology
- 2.1.Research Methodology
- 2.2.Secondary Research
- 2.3.Primary Research
- 2.4.Models
- 2.4.1.Company Share Analysis Model
- 2.4.2.Revenue Based Modeling
- 2.5.Research Limitations
- Chapter 3.Executive Summary
- 3.1.Global Power Metering Market, 2016 – 2026 (USD Billion)
- 3.2.Global Power Metering Market: Snapshot
- Chapter 4.Power Metering Market – Industry Analysis
- 4.1.Introduction
- 4.2.Market Drivers
- 4.2.1.Driving Factor 1 Analysis
- 4.2.2.Driving Factor 2 Analysis:
- 4.3.Market Restraints
- 4.3.1.Restraining Factor Analysis
- 4.4.Market Opportunities
- 4.4.1.Market Opportunity & Use-case Anaysis
- 4.4.2.Use – Cases for Power Metering
- 4.5.Porter’s Five Forces Analysis
- 4.6.COVID 19 Impact Analysis
- 4.6.1.1.Impact on Product Development and Technology Adoption
- 4.6.1.2.Gap Analysis
- Chapter 5.Investment Proposition Analysis
- 5.1.Global Power Metering Market Attractiveness, By Applications
- 5.2.Global Power Metering Market Attractiveness, By Phase
- 5.3.Global Power Metering Market Attractiveness, By Region
- Chapter 6.Competitive Landscape
- 6.1.Company Market Share Analysis - 2019
- 6.1.1.Global Power Metering Market: Company Market Share, 2019
- 6.2.Strategic Developments
- 7.1.Global Power Metering Market Overview: by Applications
- 7.1.1.Global Power Metering Market Revenue Share, by Applications , 2019 & 2026
- 7.2.Global Power Metering Market Analysis/Overview – By Applications
- 7.2.1.Commercial – Overview/Analysis
- 7.2.2.Residential – Overview/Analysis
- 7.2.3.Industrial – Overview/Analysis
- 7.3.Commercial
- 7.3.1.Global Power Metering Market for Commercial, Revenue (USD Billion) 2016 - 2026
- 7.4.Residential
- 7.4.1.Global Power Metering Market for Residential, Revenue (USD Billion) 2016 - 2026
- 7.5.Industrial
- 7.5.1.Global Power Metering Market for Industrial, Revenue (USD Billion) 2016 - 2026
- 8.1.Global Power Metering Market Overview: by Phase
- 8.1.1.Global Power Metering Market Revenue Share, by Phase , 2019 & 2026
- 8.2.Global Power Metering Market Analysis/Overview – By Phase
- 8.2.1.Three Phase – Overview/Analysis
- 8.2.2.Single Phase – Overview/Analysis
- 8.3.Three Phase
- 8.3.1.Global Power Metering Market for Three Phase, Revenue (USD Billion) 2016 - 2026
- 8.4.Single Phase
- 8.4.1.Global Power Metering Market for Single Phase, Revenue (USD Billion) 2016 - 2026
- 6.1.Company Market Share Analysis - 2019
- Chapter 9.Power Metering Market – Regional Analysis
- 9.1.Global Power Metering Market: Regional Overview
- 9.1.1.Global Power Metering Market Revenue Share, by Region, 2019 & 2026
- 9.1.2.Global Power Metering Market Revenue, by Region, 2016 – 2026 (USD Billion)
- 9.2.North America
- 9.2.1.North America Power Metering Market Revenue, 2016 - 2026 (USD Billion)
- 9.2.2.North America Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.2.3.North America Power Metering Market Revenue, by Applications , 2016 – 2026
- 9.2.4.North America Power Metering Market Revenue, by Phase , 2016 – 2026
- 9.2.5. U.S.
- 9.2.6.Canada
- 9.3.Europe
- 9.3.1.Europe Power Metering Market Revenue, 2016 - 2026 (USD Billion)
- 9.3.2.Europe Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.3.3.Europe Power Metering Market Revenue, by Applications , 2016 – 2026
- 9.3.4.Europe Power Metering Market Revenue, by Phase , 2016 – 2026
- 9.3.5.Germany
- 9.3.6.France
- 9.3.7. U.K.
- 9.3.8.Italy
- 9.3.9.Spain
- 9.3.10.Rest of Europe
- 9.4.Asia Pacific
- 9.4.1.Asia Pacific Power Metering Market Revenue, 2016 - 2026 (USD Billion)
- 9.4.2.Asia Pacific Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.4.3.Asia Pacific Power Metering Market Revenue, by Applications , 2016 – 2026
- 9.4.4.Asia Pacific Power Metering Market Revenue, by Phase , 2016 – 2026
- 9.4.5.China
- 9.4.6.Japan
- 9.4.7.India
- 9.4.8.South Korea
- 9.4.9.South-East Asia
- 9.4.10.Rest of Asia Pacific
- 9.5.Latin America
- 9.5.1.Latin America Power Metering Market Revenue, 2016 - 2026 (USD Billion)
- 9.5.2.Latin America Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.5.3.Latin America Power Metering Market Revenue, by Applications , 2016 – 2026
- 9.5.4.Latin America Power Metering Market Revenue, by Phase , 2016 – 2026
- 9.5.5.Brazil
- 9.5.6.Mexico
- 9.5.7.Rest of Latin America
- 9.6.The Middle-East and Africa
- 9.6.1.The Middle-East and Africa Power Metering Market Revenue, 2016 - 2026 (USD Billion)
- 9.6.2.The Middle-East and Africa Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
- 9.6.3.The Middle-East and Africa Power Metering Market Revenue, by Applications , 2016 – 2026
- 9.6.4.The Middle-East and Africa Power Metering Market Revenue, by Phase , 2016 – 2026
- 9.6.5.GCC Countries
- 9.6.6.South Africa
- 9.6.7.Rest of Middle-East Africa
- 9.1.Global Power Metering Market: Regional Overview
- Chapter 10.Company Profiles
- 10.1.Melrose Industries
- 10.1.1.Company Overview
- 10.1.2.Financial Overview
- 10.1.3.Product Portfolio
- 10.1.4.Business Strategy
- 10.1.5.Recent Developments
- 10.2.Siemens
- 10.3.Itron
- 10.4.Hulley Metering
- 10.5.General Electric
- 10.6.ABB
- 10.7.Jiangsu Linyang Electronics Co., Ltd.
- 10.8.Toshiba
- 10.9.Melrose Industries
- 10.1.Sensus USA
- 10.11.Eaton
- 10.12.Toshiba
- 10.13.Landis+Gyr
- 10.14.Wasison Group Huldings.
- 10.1.Melrose Industries
Table Of Figures
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Power Metering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Power Metering Market
FIG. 6 Global Power Metering Market Attractiveness, By Applications
FIG. 7 Global Power Metering Market Attractiveness, By Phase
FIG. 8 Global Power Metering Market Attractiveness, By End-User
FIG. 9 Company Share Analysis, 2019
FIG. 10 Global Power Metering Market Revenue Share, by Applications , 2019 & 2026
FIG. 11 Global Power Metering Market for Commercial, Revenue (USD Billion) 2016 - 2026
FIG. 12 Global Power Metering Market for Residential, Revenue (USD Billion) 2016 - 2026
FIG. 13 Global Power Metering Market for Industrial, Revenue (USD Billion) 2016 - 2026
FIG. 14 Global Power Metering Market Revenue Share, by Phase , 2019 & 2026
FIG. 15 Global Power Metering Market for Three Phase, Revenue (USD Billion) 2016 - 2026
FIG. 16 Global Power Metering Market for Single Phase, Revenue (USD Billion) 2016 - 2026
FIG. 17 Global Power Metering Market Revenue Share, by Region, 2019 & 2026
FIG. 18 North America Power Metering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 19 Europe Power Metering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 20 Asia Pacific Power Metering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 21 Latin America Power Metering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 22 The Middle-East and Africa Power Metering Market Revenue, 2016 - 2026 (USD Billion)
FIG. 23 Melrose Industries Business Segment Revenue Share, 2018 (%)
FIG. 24 Melrose Industries Geographical Segment Revenue Share, 2018 (%)
Table Of Tables
List of Tables
TABLE 1 Global Power Metering Market: Snapshot
TABLE 2 Drivers of the Power Metering Market: Impact Analysis
TABLE 3 Restraints for the Power Metering Market: Impact Analysis
TABLE 4 Global Power Metering Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Power Metering Market Revenue, by Applications , 2016 – 2026 (USD Billion)
TABLE 7 North America Power Metering Market Revenue, by Phase , 2016 – 2026 (USD Billion)
TABLE 8 Europe Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 9 Europe Power Metering Market Revenue, by Applications , 2016 – 2026 (USD Billion)
TABLE 10 Europe Power Metering Market Revenue, by Phase , 2016 – 2026 (USD Billion)
TABLE 11 Asia Pacific Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 12 Asia Pacific Power Metering Market Revenue, by Applications , 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific Power Metering Market Revenue, by Phase , 2016 – 2026 (USD Billion)
TABLE 14 Latin America Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 15 Latin America Power Metering Market Revenue, by Applications , 2016 – 2026 (USD Billion)
TABLE 16 Latin America Power Metering Market Revenue, by Phase , 2016 – 2026 (USD Billion)
TABLE 17 The Middle-East and Africa Power Metering Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 The Middle-East and Africa Power Metering Market Revenue, by Applications , 2016 – 2026 (USD Billion)
TABLE 19 The Middle-East and Africa Power Metering Market Revenue, by Phase , 2016 – 2026 (USD Billion)
Methodology
FrequentlyAsked Questions
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.
The global power metering market is expected to grow due to Rising demand for energy efficiency, grid monitoring, and accurate billing drives adoption. Smart grid initiatives and government mandates support market growth.
According to a study, the global power metering market size was worth around USD 18.18 Billion in 2024 and is expected to reach USD 45.04 Billion by 2034.
The global power metering market is expected to grow at a CAGR of 9.5% during the forecast period.
North America is expected to dominate the power metering market over the forecast period.
Leading players in the global power metering market include Melrose Industries, Siemens, Itron, Holley Metering, General Electric, ABB, Jiangsu Linyang Electronics Co.Ltd., Toshiba, Melrose Industries, Sensus USA., Eaton, Toshiba, Landis+Gyr, Wasison Group Holdings, among others.
The report explores crucial aspects of the power metering market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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