Power Metering Market Research Report - Global Forecast to 2027

Global Power Metering Market Information by type (smart, digital, analog), by phase (single-phase, three-phase) by application (residential, commercial and industrial) and Region - Forecast to 2027

ID: MRFR/E&P/1930-HCR | February 2021 | Region: Global | 132 pages

Please note that the assessment period of the report has been updated from 2016-2022 to 2020-2027. Cordially fill Sample form for the updated data.

Market Synopsis of Power Metering Market

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.

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

Segmentation global power metering market 

Regional Analysis of Global Power Metering Market

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. Growing infrastructure and government projects boost the global power metering market.

Market Size of Power Metering Market, By Regions (USD Billion) Power metering Market

Key Players

The key players of the 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

Product Analysis

  • Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information

  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators

Geographic Analysis

  • Geographical analysis across 15 countries

Company Information

  • Profiling of 10 key  market players

  • In-depth analysis including SWOT analysis, and strategy  information of related to report title

  • Competitive landscape including emerging trends adopted by major companies

The report for Global Power Metering Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Frequently Asked Questions (FAQ) :

The market can maintain a decent growth rate throughout the review period, says MRFR.

The market size is set to increase tremendously over the coming years, owing to increasing governments focus on the development of grid infrastructure across the globe.

The renowned companies in the power metering market are Melrose Industries plc. (U.K.), Toshiba Corporation (Japan), Holley Metering (China), General Electric (U.S.), Wasion Group Holdings Ltd. (China), Siemens AG (Germany), Eaton Corporation Plc (Dublin), ABB(Switzerland), Itron (U.S.), and others.

North America is leading the market on account of well-developed infrastructure and surge in the number of government projects.

Increasing construction spending, rising number of industrial activities, and improvement in the grid infrastructure stimulate the market growth in APAC.