Energy Loggers Market Scope
Power and energy loggers are used for conducting three phase energy and load studies. It helps to discover power savings criteria’s. It further creates energy reports in details to focus on problem areas. Owing to such beneficial monitoring, the demand for energy loggers is continue to rise. Further, increasing geomonitoring and surveys in power utilization at commercial places creating opportunities for the market. Whereas, large numbers of players with presence of substitutes could be challenge need to address. Geographically, Europe region is forecasted to grow with a higher growth rate than Asia Pacific and the North American region. Growing demand for energy monitoring across European countries has created demand for Energy Loggers players in a fruitful manner.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Fluke Corporation (United States), Test Meter Group Ltd (United Kingdom), Lontek Data Loggers (India), HIOKI E.E. CORPORATION (Japan), Capetti Elettronica S.r.l. (Italy), Celsa Messgeräte España S.L. (Spain), Crompton Instruments (United Kingdom), DENT INSTRUMENTS (United States), Fr. Sauter AG. (Switzerland), Gemini Data Loggers (Germany), GOSSEN METRAWATT Gm (Germany), Iskra d.d. (Slovenia), KESTREL. (United States), METZ CONNECT (Germany), SolarMax (India), OTT HydroMet (United States), SIMEX Sp. z o.o. (Poland), SOCOMEC Group S.A. (France) and ADTEK Electronics. (India) |
CAGR | 5.1% |
Market players are focusing on providing Energy Loggers with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Energy Loggers. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Research Analyst at AMA estimates that Europe Manufacturers will contribute to the maximum growth of Global Energy Loggers market throughout the predicted period.
Fluke Corporation (United States), Test Meter Group Ltd (United Kingdom), Lontek Data Loggers (India), HIOKI E.E. CORPORATION (Japan), Capetti Elettronica S.r.l. (Italy), Celsa Messgeräte España S.L. (Spain), Crompton Instruments (United Kingdom), DENT INSTRUMENTS (United States), Fr. Sauter AG. (Switzerland), Gemini Data Loggers (Germany), GOSSEN METRAWATT Gm (Germany), Iskra d.d. (Slovenia), KESTREL. (United States), METZ CONNECT (Germany), SolarMax (India), OTT HydroMet (United States), SIMEX Sp. z o.o. (Poland), SOCOMEC Group S.A. (France) and ADTEK Electronics. (India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Energy Loggers market by Type , by Application (Commercial Places, Industrial Areas, Schools & Collages, Hotels & Restaurants, Hospitals and Others) and Region with country level break-up.
On the basis of geography, the market of Energy Loggers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2023, Campbell Scientific, a leading provider of environmental monitoring systems, partnered with Enertech Solutions, a manufacturer of smart energy loggers, to offer integrated solutions for renewable energy monitoring. The combined expertise aims to provide comprehensive data insights for solar, wind, and other renewable energy projects.
In December 2021, Fluke has launch of the 1770 series Power Quality Data logger. It is mainly built for Power Quality Analysers with big gains. This new power logger is mainly used in routine maintenance and troubleshooting of equipment and power supply problems, energy surveys and optimization and new equipment installation. With this new launch, company has expanded its portfolio and able to reach across universities, hospitals, electrical service providers.
Influencing Trend:
Higher Awareness regarding Energy Monitoring and Handling Energy Cost
Market Growth Drivers:
Enabling of Extensive Monitoring of Unknown Glitches and Rising Demand for Electricity Monitoring at Workplaces
Challenges:
Presence of Large Number of Players in the market and Challenge of complying Strengthen Regulatory Standards
Restraints:
Initial Huge Investment Requirement and Limitation regarding Voltage Measurement
Opportunities:
Huge Demand for Portable Energy Loggers creating Lucrative Growth Opportunities, Rise of Emergence of Photovoltaic Energy Generation & Sensing and Augmenting Energy Surveys and Optimization
Key Target Audience
Energy Loggers Manufacturer, Energy Loggers Supplier, Raw Material Supplier, Power Generation Giants & Players, Electronics Industrialist, Government Associations, Third Party Investors and New Entrants/Investors