Power Meter Market Size, Share, Trends and Growth | Industry Forecast 2023 - Key Players are General Electric, Toshiba, Melrose Industries, Wasison Group Holdings, ABB, Eaton, Holley Metering

Power metering equipment are devices, which when installed measures electricity consumption. Furthermore, the power meters provide accurate reading as opposed to electric meters. Besides this, the power meters offer relevant data metrics.

Increasing demand of power metering in countries such as South Africa, India and Brazil are driving the market. Furthermore, government is focusing more grid infrastructure by installing towers and enabling people have access to electricity. This factor has contributed to the growth of the market worldwide. Rising environmental concerns and ongoing technological upgrades of the conventional infrastructure are likely to create greater opportunities in the power metering market. Besides this, with technologically smart meters replacing the conventional digital meters the future of the market looks robust.

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POWER METERING KEY MARKET SEGMENTS

•By Application
oCommercial
oIndustrial
oResidential

•By Phase
oSingle Phase
oThree Phase

•By Geography
oNorth America
oEurope
oAsia -Pacific
oLAMEA

Key Players
•General Electric
•Toshiba, Melrose Industries
•Wasison Group Holdings
•ABB
•Eaton
•Holley Metering
•Sensus USA
•Siemens

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