—
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.
Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/2570
Power metering is an equipment that is employed for measuring as well as monitoring the electrical consumption in industrial and household areas. These meters provide precise statistics or measurements of the power or energy consumed as compared to the conventional electric meters. Add to this, it also provides relevant data metrics unlike the former. These meters are quickly seen replacing the digital meters across the world due to its level of efficiency and other key advantages. In order to know the consumption, the power meter is needed to be placed inside the house or other major places. It is emerging into the global landscape as a highly reliable and effective distribution setup system and are being increasingly installed across various industrial verticals for varied purposes.
Market Segmentation
The global power metering market has been segmented on the basis of the following dynamics: phase, application, and type.
By type, the market includes digital, smart, and analog.
By phase, the market segments into three phase and single phase.
By application, the market includes commercial, residential, and industrial.
Competitive Landscape
The various key players reported in the global power metering market are as follows: Melrose Industries Plc. (U.K.), General Electric (U.S.), Wasion Group Holdings Ltd. (China), Toshiba Corporation (Japan), Siemens AG (Germany), Itron (U.S.), Eaton Corporation Plc (Dublin), ABB (Switzerland), and Holley Metering (China).
Regional Analysis
The global power metering market covers the following geographies in its regional segmentation: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Asia Pacific stands tall in the global power metering market with a massive share percentage to its name. The regional market is projected to grow during the forecast period at a notable pace to cement itself as one of the key regions the global landscape. The growth of the regional market can be attributed to the various government projects initiated like the smart city project in India, which contributes majorly to the growth of the power metering market in Asia Pacific. Factors like increasing construction spending, enhancement of the grid infrastructure, and rising industrial activities in the region are all expected drive considerable demand towards the market. Also, emerging economies like China and Japan are trying to grab a hold over the market with their strategical implementations.
The North American market is another leading market in the global power metering market. The market is experiencing considerable growth due to the growing infrastructure and the various government projects
Scope of the Report
This research report has provided the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Power metering market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Access Full Report at: https://www.marketresearchfuture.com/reports/power-metering-market-2570
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Market Research Future
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/power-metering-market-2570
Release ID: 88920764
Google
RSS