Power Metering Market Trends and Segmentation, Size, Global Leaders and Industry Demand by Forecast

Power metering market Research Report- Forecast to 2022

Power Metering Market Trends, Comprehensive

Analysis |Industry Forecast To 2022

Page |1

Copyright Š 2018 Market Research Future.

Power metering market Research Report- Forecast to 2022

1 Summary A power meter is an electric device which measures energy consumption and enables communication between the meter and the central system. The device reads and stores data of the number of units of electricity consumed and communicates that information back to the utility for billing and monitoring purposes. In addition, numerous government regulations to replace aging digital meters with smart meters are expected to push the sales in the market. Rising environmental concerns and introducing smart meters for residential and non-residential sector as well as high operating efficiency helps to boost the power metering market.

Key Players:

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)

Page |2

Copyright Š 2018 Market Research Future.

Power metering market Research Report- Forecast to 2022

2 Market Overview The report has analyzed the market based on types, phases, applications and the regions of North America, Europe, APAC and ROW (rest of the world). On the basis of types it includes smart, digital, analog. The smart meter is gaining popularity and is forecast to hold a higher position in the market. On the basis of phases it is segmented as single phase, triple phase. On the basis of applications it is segmented as residential, commercial and industrial. The major market is captured by the residential application, which includes the utilization of meters in urban and rural households. The commercial sector holding second position, is used for various commercial places such as hospitals, schools, shopping complexes.

Target Audience      

Manufactures Raw Materials Suppliers Aftermarket suppliers Research Institute / Education Institute Potential Investors Key executive (CEO and COO) and strategy growth manager

Page |3

Copyright © 2018 Market Research Future.

Power metering market Research Report- Forecast to 2022

3 Market Research Analysis The major market is captured by residential sector due to utilization of meters in all households. Increasing construction and industrial activities along with the replacement market of old and technologically outdated meters is the key driver of the market. Moreover, numerous government regulations to replace aging digital meters with smart meters are pushing the market towards growth. Whereas, issues related to privacy and standardization of the power meter act as barriers for the residential segment.

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

Page |4

Copyright Š 2018 Market Research Future.

Power metering market Research Report- Forecast to 2022

Page |5

Copyright Š 2018 Market Research Future.