Press release
Energy Measurement IC Market Soars to $7.75 Billion by 2029: Smart Meters and Renewables Fueling Growth
Energy Measurement IC Market
Notwithstanding the industry's promising trajectory, challenges persist. Lack of standardization emerges as a key concern, hindering interoperability between products from different manufacturers. This absence of uniformity stifles innovation, escalates development costs, and deters market acceptance. To address this hurdle, proactive initiatives by organizations such as the IEC and ANSI are underway, proposing new standards and standardized architectures to enhance interoperability, spur innovation, and expedite market adoption.
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What are Energy Measurement IC Market Dynamics?
The driving force behind the market's expansion is the escalating demand for smart meters, which offer real-time energy monitoring and recording capabilities. This technology delivers a slew of benefits, including precise energy measurements from solar panels and wind turbines, efficient energy management, bidirectional communication with utility providers, and power disconnection and reconnection. Furthermore, the surge in renewable energy adoption has intensified the requirement for energy measurement ICs, further propelling market growth.
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Energy Measurement IC Market Segmentation?
The Energy Measurement IC Market is segmented across various facets, including type, application, function, end-user, technology, region, sales channel, and integration. Among these, the polyphase segment within the type category exhibits substantial growth potential, driven by the increasing prevalence of polyphase power systems in industrial and commercial applications. This segment is poised to revolutionize energy consumption measurement in complex multi-phase systems.
by Function
Active energy measuring
Reactive energy measuring
Apparent energy measuring
by Type
Single-phase
Polyphase ICs
by Application
Smart grid systems
Residential energy management systems
Industrial automation
Building energy management systems
by End-User
Residential
Commercial
Industrial sectors
by Sales Channel
Direct sales
Indirect sales
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Who are Energy Measurement IC Market Key Players?
1. Analog Devices Inc. (United States)
2. Texas Instruments Inc. (United States)
3. Maxim Integrated Products, Inc. (United States)
4. Renesas Electronics Corporation (Japan)
5. Infineon Technologies AG (Germany)
6. STMicroelectronics NV (Switzerland)
7. Microchip Technology Inc. (United States)
8. Silicon Labs (United States)
9. Cirrus Logic Inc. (United States)
10. NXP Semiconductors N.V. (Netherlands)
11. Atmel Corporation (United States)
12. Mitsubishi Electric Corporation (Japan)
13. ROHM Semiconductor (Japan)
14. Semtech Corporation (United States)
15. Dialog Semiconductor PLC (United Kingdom)
16. ON Semiconductor Corporation (United States)
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Table of content for the Energy Measurement IC Market includes:
Global Energy Measurement IC Market : Research Methodology
Global Energy Measurement IC Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Energy Measurement IC Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Energy Measurement IC Market Segmentation
Global Market, by Function (2021-2029)
Global Market, by Type (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by End-User (2021-2029)
Global Market, by Sales Channel (2021-2029)
Global Regional Energy Measurement IC Market (2021-2029)
Regional Market, by Function (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by End-User (2021-2029)
Regional Market, by Sales Channel (2021-2029)
Regional Market, by Country (2021-2029)
Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Regional Insights:
In 2022, the Asia Pacific region dominated the Energy Measurement IC Market, boasting over 40% of its market share. This supremacy is attributed to the region's large population, rapid urbanization, and robust push towards renewable energy sources. North America and Europe followed suit as the second and third-largest markets, fueled by heightened awareness of energy efficiency, supportive government policies for smart meter adoption, and the proliferation of renewable energy installations.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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