Power Metering Market Booming Worldwide With Leading Key Players -General Electric, Toshiba, Wasion Group, ABB Group, Eaton, Holley Technology, Sensus, Siemens AG, Kamstrup A/S, Aclara Technologies LLC, Melrose Industries, Jiangsu Linyang Electronics Co.,

The global power metering market reached a value of US$ 20.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.59 Billion by 2027, exhibiting at a CAGR of 5.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor..

The global power metering market has huge growth opportunities owing to increasing demands from developing economies such as India, Brazil, and South Africa. The governments would enhance grid infrastructure, which would be done by installing more towers, so that more number of people have access to electricity. This would also ensure the growth of the power metering market since they would be installed to measure electricity consumption. In addition, rapidly increasing demands from various application industries and regions are generating several exciting markets opportunities for power meters.

The report has been segmented on the basis of application, phase, meter type, and region as follows:-

On the basis of meter type: The report considers various types of meters such as the emerging smart meters, the matured digital meters that occupy around 30% of the market, and analog meters.

On the basis of application: Under this segmentation, the report considers various applications such as residential usage, commercial usage, and industrial usage of meters. The markets of urban and rural applications have also been provided in the report.

On the basis of phase: Single and three phase meters have been considered in this segment.

Some of the Major Key players profiled in the study are General Electric, Toshiba, Wasion Group, ABB Group, Eaton, Holley Technology, Sensus, Siemens AG, Kamstrup A/S, Aclara Technologies LLC, Melrose Industries, Jiangsu Linyang Electronics Co., Ltd.

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The power metering market is projected to reach USD 17.8 Billion by 2020, at a CAGR of 8.9% from 2015 to 2020.

According to an estimate, the total world population, which was pegged at 7.3 Billion in 2014, is growing at a rate of 1.14% per year. Governments of the emerging economies in an attempt to provide clean water, sanitation, and living facilities are investing heavily in the development of the infrastructure of their respective regions. This would result in an increase in the number of construction activities, acting as a catalyst for the power metering market. According to an estimate, China along with India in the Asia-Pacific region spent more than USD 1.7 Trillion on construction activities in 2012. Consequently, the region held the largest market share of more than 40% in 2014, and is expected to grow at a high CAGR of more than 8% from 2015 to 2020 to occupy a market share of 46% by 2020. China is relatively a low cost manufacturing base, which proves to be an attractive market for the global power metering manufacturers for sale to the domestic market and export. Governments of the African countries are taking up various initiatives to pace up the electrification rate, which would further drive the power metering market.

Global Power Metering Market Segmentation:

Power Metering Segmentation by Type:

Analog Meters, Digital Meters, Smart Meters.

Power Metering Segmentation by Application:

Commercial Use, Industrial Use, Residential Use

Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Power Metering market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Power Metering market, the years measured and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.

Manufacture by region: This Global Power Metering report offers data on imports and exports, sales, production and key companies in all studied regional markets

Market Segmentation: By Geographical Analysis

The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

The cost analysis of the Global Power Metering Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

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Key questions answered in the report include:

who are the key market players in the Power Metering Market?
Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the Power Metering Market?
What are the regional growth trends and the leading revenue-generating regions for the Power Metering Market?
What will be the market size and the growth rate by the end of the forecast period?
What are the key Power Metering Market trends impacting the growth of the market?
What are the major Product Types of Power Metering?
What are the major applications of Power Metering?
Which Power Metering Services technologies will top the market in next 7 years?
Table of Contents

Global Power Metering Market Research Report 2022 - 2029

Chapter 1 Power Metering Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Power Metering Market Forecast

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