About Modular Metering
Modular Metering is the main service module that is used in conjunction with a meter stack to provide a customized metering line. The main service module could be the bound main lug, main circuit breaker, main fusible switch, or main pressure switch. The meter stack is available with a variety of meter connections and bus ratings. It includes a design line that allows for the addition or removal of meters and key components to satisfy future needs. When more than six units need to be installed, modular metering is typically employed in strip malls, large condominiums, and light commercial applications. Modular metering allows the client to place many tenant metering devices in a single area, saving space and money over the existing system. Two estimated essential elements that are expected to fuel the Modular metering market growth are an increase in demand and current improvements in energy systems technology. Cloud-based technology adoption is also predicted to drive global modular metering market growth in the future years. The use of modular metering aids energy companies in balancing electricity shortages and reducing costs. The modular metering industry is predicted to develop in consideration of improvements in customer service and utility quality.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.76% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Modular Metering market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco Systems, Inc. (United States), IBM Corporation (United States), General Electric (United States), Schneider Electric SE (France), Itron, Inc. (United States), Aclara Technologies LLC (United States), Elster Group GmbH (Germany), Sensus (United States), Tieto Corporation (Finland) and Trilliant, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Modular Metering market by Type (Single Phase, Three-phase (three-wire 120/240 Vac systems) and Four-phase (Four-wire 120/208 Vac systems)), Application (Residential Metering and Switching, Commercial Metering and Switching and Industrial Applications) and Region.
On the basis of geography, the market of Modular Metering has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico). If we see Market by Electrical Panels, the sub-segment i.e. 100 amp will boost the Modular Metering market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Cloud-Based Technology
Market Growth Drivers:
Rise in Demand and Current Developments in Energy Systems Technologies and Helps Energy Providers to Balance Electricity Shortages and Induce Cost Effectiveness
Challenges:
High Cost of products
Restraints:
Inadequate Financial Incentives for Utilities and Interoperability and Standard Interface
Opportunities:
Rise in Global Energy Demand and Advanced Metering Infrastructure for Water Utilities
Market Leaders and their expansionary development strategies
In March 2022, Landis+Gyr Group AG subsidiary company Landis+Gyr Technology Inc. announced an agreement with Otter Tail Power Company to provide advanced metering infrastructure, software, and services to support the utility’s plans to create a smarter, stronger energy grid across its three-state service territory.
In June 2020, Schneider Electric, the leader in digital transformation of energy management and automation, today introduced the EasyLogic PM2000 series power meter, the newest addition to the EasyLogic metering portfolio.
Key Target Audience
Meter manufacturers, Advanced metering infrastructure system vendors, National regulatory authorities, System integrators, Managed service providers for utility companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.