Power Metering Market was valued at US$ 22.38 Bn in 2023 and is expected to reach US$ 42.24 Bn by 2030 at a CAGR of 9.5% during a forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global power metering market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global power metering market. Power metering is an electronic device that measures energy consumption & is designed for billing and monitoring drives. The power metering replaces electric meters while offering related data metrics. Features such as environmental concerns, technological up-gradation, and 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 globally. Increasing demand for power metering as well as governments focus on grid infrastructure are some of the main reasons behind the growing global power metering market. However, issues related to privacy and standardization of the power meter act as barriers for the global power metering market.
Power Metering Market Segment Analysis:
The residential sub-segment based on the application segment is dominating the global power metering market. The major market is captured by the residential sector because of utilization of meters in all households. Growing construction and industrial activities along with the replacement market of old and technologically outdated meters is the main driver of the market. Furthermore, numerous government regulations to replace ageing digital meters with smart meters are pushing the market towards growth. While issues related to privacy and standardization of the power meter act as barriers for the residential segment. Power Metering Market Regional Region-wise, the Asia-Pacific is expected as the emerging market for power metering. Government project such as ‘smart city’ in India contributes to the growth of the power metering market globally. Main factors such as a rise in construction spending, increasing industrial activities, and enhancement of the grid infrastructure of the region give new ways for the growth of the region. Emerging economies, for instance, China and Japan are focusing on grabbing the major market. However, North America is one of the leading markets for the global power metering market. Growing infrastructure and government projects boost the power metering market.Power Metering Market, Key Highlights:
Global market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Power Metering Market are also profiled.Scope of Global Power Metering Market: Inquire before buying
Global Power Metering Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 22.38 Bn. Forecast Period 2024 to 2030 CAGR: 9.5% Market Size in 2030: US $ 42.24 Bn. Segments Covered: by Phase Single Phase Three Phase by Type Smart Digital Analog by Application Commercial Industrial Residential Power Metering Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Power Metering Market Key Players are:
1.ABB 2.Aclara Technologies LLC 3.Eaton 4.Honeywell International Inc. 5.General Electric 6.Kamstrup A/S 7.Toshiba Energy Systems & Solutions Corporation 8.Schneider Electric 9.Sensus 10.Siemens AG 11.Itron 12.Melrose Plc 13.Wasion Group Holdings Ltd. 14.Holley Metering 15.Jiangsu Linyang Electronics Co. Ltd. Frequently Asked questions 1. What is the market size of the Global market in 2023? Ans. The market size Global market in 2023 was US$ 22.38 Billion. 2. What are the different segments of the Global market? Ans. The Global market is divided into Phase Application and Type. 3. What is the study period of this market? Ans. The Global Power Metering Market will be studied from 2024 to 2030. 4. Which region is expected to hold the highest Global market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global market? Ans. The Forecast Period of the market is 2024-2030 in the market.
Global Power Metering Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Power Metering Market Size, by Market Value (US$ Bn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Power Metering Market Industry Trends 5. Supply Side and Demand Side Indicators 6. Global Power Metering Market Analysis and Forecast 6.1. Global Power Metering Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Power Metering Market Analysis and Forecast, by Phase 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Power Metering Market Value Share Analysis, by Phase 7.4. Global Power Metering Market Size (US$ Bn) Forecast, by Phase 7.5. Global Power Metering Market Analysis, by Phase 7.6. Global Power Metering Market Attractiveness Analysis, by Phase 8. Global Power Metering Market Analysis and Forecast, by Type 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Power Metering Market Value Share Analysis, by Type 8.4. Global Power Metering Market Size (US$ Bn) Forecast, by Type 8.5. Global Power Metering Market Analysis, by Type 8.6. Global Power Metering Market Attractiveness Analysis, by Type 9. Global Power Metering Market Analysis and Forecast, by Application 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Power Metering Market Value Share Analysis, by Application 9.4. Global Power Metering Market Size (US$ Bn) Forecast, by Application 9.5. Global Power Metering Market Analysis, by Application 9.6. Global Power Metering Market Attractiveness Analysis, by Application 10. Global Power Metering Market Analysis, by Region 10.1. Global Power Metering Market Value Share Analysis, by Region 10.2. Global Power Metering Market Size (US$ Bn) Forecast, by Region 10.3. Global Power Metering Market Attractiveness Analysis, by Region 11. North America Power Metering Market Analysis 11.1. Key Findings 11.2. North America Power Metering Market Overview 11.3. North America Power Metering Market Value Share Analysis, by Phase 11.4. North America Power Metering Market Forecast, by Phase 11.4.1. Single Phase 11.4.2. Three Phase 11.5. North America Power Metering Market Value Share Analysis, by Type 11.6. North America Power Metering Market Forecast, by Type 11.6.1. Smart 11.6.2. Digital 11.6.3. Analog 11.7. North America Power Metering Market Value Share Analysis, by Application 11.8. North America Power Metering Market Forecast, by Application 11.8.1. Commercial 11.8.2. Industrial 11.8.3. Residential 11.9. North America Power Metering Market Value Share Analysis, by Country 11.10. North America Power Metering Market Forecast, by Country 11.10.1. U.S. 11.10.2. Canada 11.11. North America Power Metering Market Analysis, by Country 11.12. U.S. Power Metering Market Forecast, by Phase 11.12.1. Single Phase 11.12.2. Three Phase 11.13. U.S. Power Metering Market Forecast, by Type 11.13.1. Smart 11.13.2. Digital 11.13.3. Analog 11.14. U.S. Power Metering Market Forecast, by Application 11.14.1. Commercial 11.14.2. Industrial 11.14.3. Residential 11.15. Canada Power Metering Market Forecast, by Phase 11.15.1. Single Phase 11.15.2. Three Phase 11.16. Steel Canada Power Metering Market Forecast, by Type 11.16.1. Smart 11.16.2. Digital 11.16.3. Analog 11.17. Canada Power Metering Market Forecast, by Application 11.17.1. Commercial 11.17.2. Industrial 11.17.3. Residential 11.18. North America Power Metering Market Attractiveness Analysis 11.18.1. By Phase 11.18.2. By Type 11.18.3. By Application 11.19. PEST Analysis 11.20. Key Trends 11.21. Key Developments 12. Europe Power Metering Market Analysis 12.1. Key Findings 12.2. Europe Power Metering Market Overview 12.3. Europe Power Metering Market Value Share Analysis, by Phase 12.4. Europe Power Metering Market Forecast, by Phase 12.4.1. Single Phase 12.4.2. Three Phase 12.5. Europe Power Metering Market Value Share Analysis, by Type 12.6. Europe Power Metering Market Forecast, by Type 12.6.1. Smart 12.6.2. Digital 12.6.3. Analog 12.7. Europe Power Metering Market Value Share Analysis, by Application 12.8. Europe Power Metering Market Forecast, by Application 12.8.1. Commercial 12.8.2. Industrial 12.8.3. Residential 12.9. Europe Power Metering Market Value Share Analysis, by Country 12.10. Europe Power Metering Market Forecast, by Country 12.10.1. Germany 12.10.2. U.K. 12.10.3. France 12.10.4. Italy 12.10.5. Spain 12.10.6. Rest of Europe 12.11. Europe Power Metering Market Analysis, by Country 12.12. Germany Power Metering Market Forecast, by Phase 12.12.1. Single Phase 12.12.2. Three Phase 12.13. Germany Power Metering Market Forecast, by Type 12.13.1. Smart 12.13.2. Digital 12.13.3. Analog 12.14. Germany Power Metering Market Forecast, by Application 12.14.1. Commercial 12.14.2. Industrial 12.14.3. Residential 12.15. U.K. Power Metering Market Forecast, by Phase 12.15.1. Single Phase 12.15.2. Three Phase 12.16. U.K. Power Metering Market Forecast, by Type 12.16.1. Smart 12.16.2. Digital 12.16.3. Analog 12.17. U.K. Power Metering Market Forecast, by Application 12.17.1. Commercial 12.17.2. Industrial 12.17.3. Residential 12.18. France Power Metering Market Forecast, by Phase 12.18.1. Single Phase 12.18.2. Three Phase 12.19. France Power Metering Market Forecast, by Type 12.19.1. Smart 12.19.2. Digital 12.19.3. Analog 12.20. France Power Metering Market Forecast, by Application 12.20.1. Commercial 12.20.2. Industrial 12.20.3. Residential 12.21. Italy Power Metering Market Forecast, by Phase 12.21.1. Single Phase 12.21.2. Three Phase 12.22. Italy Power Metering Market Forecast, by Type 12.22.1. Smart 12.22.2. Digital 12.22.3. Analog 12.23. Italy Power Metering Market Forecast, by Application 12.23.1. Commercial 12.23.2. Industrial 12.23.3. Residential 12.24. Spain Power Metering Market Forecast, by Phase 12.24.1. Single Phase 12.24.2. Three Phase 12.25. Spain Power Metering Market Forecast, by Type 12.25.1. Smart 12.25.2. Digital 12.25.3. Analog 12.26. Spain Power Metering Market Forecast, by Application 12.26.1. Commercial 12.26.2. Industrial 12.26.3. Residential 12.27. Rest of Europe Power Metering Market Forecast, by Phase 12.27.1. Single Phase 12.27.2. Three Phase 12.28. Rest of Europe Power Metering Market Forecast, by Type 12.28.1. Smart 12.28.2. Digital 12.28.3. Analog 12.29. Rest Of Europe Power Metering Market Forecast, by Application 12.29.1. Commercial 12.29.2. Industrial 12.29.3. Residential 12.30. Europe Power Metering Market Attractiveness Analysis 12.30.1. By Phase 12.30.2. By Type 12.30.3. By Application 12.31. PEST Analysis 12.32. Key Trends 12.33. Key Developments 13. Asia Pacific Power Metering Market Analysis 13.1. Key Findings 13.2. Asia Pacific Power Metering Market Overview 13.3. Asia Pacific Power Metering Market Value Share Analysis, by Phase 13.4. Asia Pacific Power Metering Market Forecast, by Phase 13.4.1. Single Phase 13.4.2. Three Phase 13.5. Asia Pacific Power Metering Market Value Share Analysis, by Type 13.6. Asia Pacific Power Metering Market Forecast, by Type 13.6.1. Smart 13.6.2. Digital 13.6.3. Analog 13.7. Asia Pacific Power Metering Market Value Share Analysis, by Application 13.8. Asia Pacific Power Metering Market Forecast, by Application 13.8.1. Commercial 13.8.2. Industrial 13.8.3. Residential 13.9. Asia Pacific Power Metering Market Value Share Analysis, by Country 13.10. Asia Pacific Power Metering Market Forecast, by Country 13.10.1. China 13.10.2. India 13.10.3. Japan 13.10.4. ASEAN 13.10.5. Rest of Asia Pacific 13.11. Asia Pacific Power Metering Market Analysis, by Country 13.12. China Power Metering Market Forecast, by Phase 13.12.1. Single Phase 13.12.2. Three Phase 13.13. China Power Metering Market Forecast, by Type 13.13.1. Smart 13.13.2. Digital 13.13.3. Analog 13.14. China Power Metering Market Forecast, by Application 13.14.1. Commercial 13.14.2. Industrial 13.14.3. Residential 13.15. India Power Metering Market Forecast, by Phase 13.15.1. Single Phase 13.15.2. Three Phase 13.16. India Power Metering Market Forecast, by Type 13.16.1. Smart 13.16.2. Digital 13.16.3. Analog 13.17. India Power Metering Market Forecast, by Application 13.17.1. Commercial 13.17.2. Industrial 13.17.3. Residential 13.18. Japan Power Metering Market Forecast, by Phase 13.18.1. Single Phase 13.18.2. Three Phase 13.19. Japan Power Metering Market Forecast, by Type 13.19.1. Smart 13.19.2. Digital 13.19.3. Analog 13.20. Japan Power Metering Market Forecast, by Application 13.20.1. Commercial 13.20.2. Industrial 13.20.3. Residential 13.21. ASEAN Power Metering Market Forecast, by Phase 13.21.1. Single Phase 13.21.2. Three Phase 13.22. ASEAN Power Metering Market Forecast, by Type 13.22.1. Smart 13.22.2. Digital 13.22.3. Analog 13.23. ASEAN Power Metering Market Forecast, by Application 13.23.1. Commercial 13.23.2. Industrial 13.23.3. Residential 13.24. Rest of Asia Pacific Power Metering Market Forecast, by Phase 13.24.1. Single Phase 13.24.2. Three Phase 13.25. Rest of Asia Pacific Power Metering Market Forecast, by Type 13.25.1. Smart 13.25.2. Digital 13.25.3. Analog 13.26. Rest of Asia Pacific Power Metering Market Forecast, by Application 13.26.1. Commercial 13.26.2. Industrial 13.26.3. Residential 13.27. Asia Pacific Power Metering Market Attractiveness Analysis 13.27.1. By Phase 13.27.2. By Type 13.27.3. By Application 13.28. PEST Analysis 13.29. Key Trends 13.30. Key Developments 14. Middle East & Africa Power Metering Market Analysis 14.1. Key Findings 14.2. Middle East & Africa Power Metering Market Overview 14.3. Middle East & Africa Power Metering Market Value Share Analysis, by Phase 14.4. Middle East & Africa Power Metering Market Forecast, by Phase 14.4.1. Single Phase 14.4.2. Three Phase 14.5. Middle East & Africa Power Metering Market Value Share Analysis, by Type 14.6. Middle East & Africa Power Metering Market Forecast, by Type 14.6.1. Smart 14.6.2. Digital 14.6.3. Analog 14.7. Middle East & Africa Power Metering Market Value Share Analysis, by Application 14.8. Middle East & Africa Power Metering Market Forecast, by Application 14.8.1. Commercial 14.8.2. Industrial 14.8.3. Residential 14.9. Middle East & Africa Power Metering Market Value Share Analysis, by Country 14.10. Middle East & Africa Power Metering Market Forecast, by Country 14.10.1. GCC 14.10.2. South Africa 14.10.3. Rest of Middle East & Africa 14.11. Middle East & Africa Power Metering Market Analysis, by Country 14.12. GCC Power Metering Market Forecast, by Phase 14.12.1. Single Phase 14.12.2. Three Phase 14.13. GCC Power Metering Market Forecast, by Type 14.13.1. Smart 14.13.2. Digital 14.13.3. Analog 14.14. GCC Power Metering Market Forecast, by Application 14.14.1. Commercial 14.14.2. Industrial 14.14.3. Residential 14.15. South Africa Power Metering Market Forecast, by Phase 14.15.1. Single Phase 14.15.2. Three Phase 14.16. South Africa Power Metering Market Forecast, by Type 14.16.1. Smart 14.16.2. Digital 14.16.3. Analog 14.17. South Africa Power Metering Market Forecast, by Application 14.17.1. Commercial 14.17.2. Industrial 14.17.3. Residential 14.18. Rest of Middle East & Africa Power Metering Market Forecast, by Phase 14.18.1. Single Phase 14.18.2. Three Phase 14.19. Rest of Middle East & Africa Power Metering Market Forecast, by Type 14.19.1. Smart 14.19.2. Digital 14.19.3. Analog 14.20. Rest of Middle East & Africa Power Metering Market Forecast, by Application 14.20.1. Commercial 14.20.2. Industrial 14.20.3. Residential 14.21. Middle East & Africa Power Metering Market Attractiveness Analysis 14.21.1. By Phase 14.21.2. By Type 14.21.3. By Application 14.22. PEST Analysis 14.23. Key Trends 14.24. Key Developments 15. South America Power Metering Market Analysis 15.1. Key Findings 15.2. South America Power Metering Market Overview 15.3. South America Power Metering Market Value Share Analysis, by Phase 15.4. South America Power Metering Market Forecast, by Phase 15.4.1. Single Phase 15.4.2. Three Phase 15.5. South America Power Metering Market Value Share Analysis, by Type 15.6. South America Power Metering Market Forecast, by Type 15.6.1. Smart 15.6.2. Digital 15.6.3. Analog 15.7. South America Power Metering Market Value Share Analysis, by Application 15.8. South America Power Metering Market Forecast, by Application 15.8.1. Commercial 15.8.2. Industrial 15.8.3. Residential 15.9. South America Power Metering Market Value Share Analysis, by Country 15.10. South America Power Metering Market Forecast, by Country 15.10.1. Brazil 15.10.2. Mexico 15.10.3. Rest of South America 15.11. South America Power Metering Market Analysis, by Country 15.12. Brazil Power Metering Market Forecast, by Phase 15.12.1. Single Phase 15.12.2. Three Phase 15.13. Brazil Power Metering Market Forecast, by Type 15.13.1. Smart 15.13.2. Digital 15.13.3. Analog 15.14. Brazil Power Metering Market Forecast, by Application 15.14.1. Commercial 15.14.2. Industrial 15.14.3. Residential 15.15. Mexico Power Metering Market Forecast, by Phase 15.15.1. Single Phase 15.15.2. Three Phase 15.16. Mexico Power Metering Market Forecast, by Type 15.16.1. Smart 15.16.2. Digital 15.16.3. Analog 15.17. Mexico Power Metering Market Forecast, by Application 15.17.1. Commercial 15.17.2. Industrial 15.17.3. Residential 15.18. Rest of South America Power Metering Market Forecast, by Phase 15.18.1. Single Phase 15.18.2. Three Phase 15.19. Rest of South America Power Metering Market Forecast, by Type 15.19.1. Smart 15.19.2. Digital 15.19.3. Analog 15.20. Rest of South America Power Metering Market Forecast, by Application 15.20.1. Commercial 15.20.2. Industrial 15.20.3. Residential 15.21. South America Power Metering Market Attractiveness Analysis 15.21.1. By Phase 15.21.2. By Type 15.21.3. By Application 15.22. PEST Analysis 15.23. Key Trends 15.24. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Competition Matrix 16.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 16.2.2. New Product Launches and Product Enhancements 16.2.3. Market Consolidation 16.2.3.1. M&A by Regions, Investment and Applications 16.2.3.2. M&A Key Players, Forward Integration and Backward Integration 16.3. Company Profiles: Key Players 16.3.1. ABB 16.3.1.1. Company Overview 16.3.1.2. Financial Overview 16.3.1.3. Product Portfolio 16.3.1.4. Business Strategy 16.3.1.5. Recent Developments 16.3.1.6. Manufacturing Footprint 16.3.2. Aclara Technologies LLC 16.3.3. Eaton 16.3.4. Honeywell International Inc. 16.3.5. General Electric 16.3.6. Kamstrup A/S 16.3.7. Toshiba Energy Systems & Solutions Corporation 16.3.8. Schneider Electric 16.3.9. Sensus 16.3.10. Siemens AG 17. Primary Key Insights