Press release
Power Metering Market Outlook, Size, Analysis with Top Market Leaders General Electric, Itron, Toshiba Corporation, Melrose Industries plc., Wasion Group Holdings Ltd., ABB
Market HighlightsPower meters measure the energy consumption which results an easy billing and monitoring process. Moreover, features such as fraud detection, energy savings, pre-payment facilities and information on consumption helps to grow the market of power metering. Government initiatives for infrastructural development are fueling the market for power metering market.
Power metering is a system combining three major metering types, namely smart, digital, & analog. The smart metering depends heavily on the policy and decisiveness of the governmental bodies involved. Energy savings and an increased security of supply will be main drivers and installed in many industrial verticals for varied purposes. Many advantages that attract new customers and helping the easy detection of fraud are attributed to smart metering, including lower metering cost, energy savings for residential customers, more reliability of supply, and variable pricing schemes. Moreover, environmental concerns and technological advancement in countries such as China and India lead to the growth of power metering market.
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 Increasing construction and industrial activities along with the replacement market of old and technologically outdated meters is the key driver of the market.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.
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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)
• Holley Metering (China)
Market Research Analysis:
Asia-Pacific is expected to dominate the market of power metering in the forecast period. High investments and growing demand for technological upgraded items are some of the factors, which drive the demand for power metering market. Moreover, features such as low maintenance cost and high operating efficiency are pushing the market towards growth. Aging digital meters have to be replaced by technologically advanced smart meters and technological up graded grid infrastructure, giving a new way for the growth of power metering market.
Target Audience
• Manufactures
• Raw Materials Suppliers
• Aftermarket suppliers
• Research Institute / Education Institute
• Potential Investors
• Key executive (CEO and COO) and strategy growth manager
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Table Of Contents
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
TABLE 5 NORTH AMERICA POWER METERING MARKET, BY TYPE
TABLE 6 NORTH AMERICA POWER METERING MARKET, BY PHASE
TABLE 7 NORTH AMERICA POWER METERING MARKET, BY APPLICATION
TABLE 8 U.S. POWER METERING MARKET, BY TYPE
TABLE 9 U.S. POWER METERING MARKET, BY PHASE
TABLE 10 U.S. POWER METERING MARKET, BY APPLICATION
Continue…………
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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