Global Digital Power Meter Market growth and trends by 2018-2025| Itron, Landis+Gyr, Schneider Electric, Sensus
This report studies the global Digital Power Meter market status and forecast, categorizes the global Digital Power Meter market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).
Digital power meters are next-generation meters that provide precise readings of electricity consumption and are generally installed in households or in enterprises to maintain detailed statistics on energy consumption.
One of the primary drivers for this market is the rise in the deployment of smart grid projects. Smart grids include grid applications such assmart power meters, supervisory control and data acquisition (SCADA) systems,IT, and other communication networks. These devices enable utilities to have complete control and manage the digital assets that are present in the field. Thesmart gridnetworking systems enable a utility to analyze and map theenergyconsumption patterns of its customers, thereby helping in load forecasting and peak demand management along with risk determination. Also, it enables the reduction ofpoweroutages by providing detailed information about the functioning status of the power system network. With rapid development insmart grid-related equipmentand solutions, management of huge data volumes has become a major concern among power utilities. This development of the smart grid projects worldwide is expected to propel growth in the globaldigital power metermarket during the forecast period.
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The market is fragmented with the presence of many well-diversified international, regional, and local manufacturers, and the competition among these players is intense. In several developing and underdeveloped countries, local or regional manufacturers dominate the market. With the global players increasing their footprint in the market with their huge infrastructure and R&D support, it has become extremely difficult for regional players to compete in terms of reliability, technology, and price.
The major manufacturers covered in this report
Advanced Electronics Company
Elster Group (owned by Honeywell)
Jiaxing Eastron Electronic Instruments
Murata Power Solutions
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
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