Power meter is an electric device which measures energy consumption and enables communication between the meter and the central system. Power Metering Market is expected to grow with impressive CAGR rate from 2016 to 2022.
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Power Metering Market – Synopsis
Power metering is an electronic device that measures energy consumption and is designed for billing and monitoring purposes. The power metering replaces electric meters while offering relevant data metrics. Moreover, features such as environmental concerns, technological upgradation, low maintenance cost, and two-way communication as compared to electric meter as well as very high operating efficiency is a factor driving the power metering market. Increasing demand for power metering as well governments focus towards grid infrastructure are some of the major reasons behind the growing power metering market. However, issues related to privacy and standardization of the power meter act as barriers for the power metering market.
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Competitive Dashboard
The key players of global power metering market include General Electric (U.S.), Itron (U.S.), Toshiba Corporation (Japan), Melrose Industries plc. (U.K.), Wasion Group Holdings Ltd. (China), ABB(Switzerland), Eaton Corporation Plc (Dublin), Siemens AG (Germany) and Holley Metering (China)
Target Audience
• Manufactures
• Raw Materials Suppliers
• Aftermarket suppliers
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
Industry Segmentation
The global power metering market is segmented by type, phase, application and regions.
On the basis of type, the industry is segmented into smart, digital and analog.
On the basis of phase, the market is further segmented into single phase and three phase.
By application, the industry is segmented into industrial, residential and commercial.
By Regions, the global power metering market cover growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World.
Power Metering Regional Market Analysis
Asia-Pacific is projected as the emerging market for power metering. Government project such as ‘smart city’ in India contributes to the growth of the global power metering market. Major factors such as increase in construction spending, rise in industrial activities, and enhancement of the grid infrastructure of the region give new ways for the growth of the region. Emerging economies such as China and Japan are focusing on grabbing major market.
Whereas, North America is one of the leading markets for power meter in the global market.
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Study Objectives of Power metering Market
• To provide detailed analysis of the market structure along with forecast for the next six years of various segments and sub-segments of the global power metering market
• To provide insights about factors affecting the market growth
• To analyze the global Power metering market based on various tools such as Price Analysis, Supply Chain Analysis, Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segment by type, phase, application, and regions
• To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global power metering market
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Source: MarketersMedia
Release ID: 501028
