Power Metering Market Estimated To Perceive Exponential Growth By 2022

Market Highlights
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.

The report has analyzed the market based on types, phases, applications and the regions of North America, Europe, APAC and ROW (rest of the world). On the basis of types it includes smart, digital, analog. The smart meter is gaining popularity and is forecast to hold a higher position in the market. On the basis of phases it is segmented as single phase, triple phase. On the basis of applications it is segmented as residential, commercial and industrial. The major market is captured by the residential application, which includes the utilization of meters in urban and rural households. The commercial sector holding second position, is used for various commercial places such as hospitals, schools, shopping complexes. The global power metering market is expected to cross USD XX Billion by the end of the forecast period and is expected to grow at CAGR of approximately XX % from 2016 to 2022.

Key Players
The key players of global power metering market include General Electric (U.S.), Itron (U.S.), Toshiba Corporation (Japan), Melrose Industries plc. (U.K.), Wasion Group Holdings Ltd. (China), ABB(Switzerland), Eaton Corporation Plc (Dublin), Siemens AG (Germany) and Holley Metering (China)

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Residential is the major application
The major market is captured by residential sector due to utilization of meters in all households. Increasing construction and industrial activities along with the replacement market of old and technologically outdated meters is the key driver of the market. Moreover, numerous government regulations to replace aging digital meters with smart meters are pushing the market towards growth. Whereas, issues related to privacy and standardization of the power meter act as barriers for the residential segment.

Scope of the report
This study provides an overview of the global power metering industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Power metering market by type, phase and application. On the basis of type it is segmented as smart, digital, analog. On the basis of phase it includes single phase and three phase. On the basis of application it is segmented as residential, commercial and industrial.

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Table of Content

1... Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3... Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis

4... Global Power Metering Market, By Type
4.1 Smart
4.2 Digital
4.3 Analog
5... Global Power Metering Market, By Phase
Continue………..

List of Tables
Table 1 Global Power Metering Market, By Type
Table 2 Global Power Metering Market, By Phase
Table 3 Global Power Metering Market, By Application
Table 4 Global Power Metering Market, By Regions
Continue……..

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