About Power Metering
A power meter is one of the most useful and simple instruments to measure electrical power when no deeper analysis of the measured data is required. It measures the voltage (V) and current (A) and derives from these the most important power results. It is a multifunctional device that measures precisely continuous current, alternating current, the intensity of DC or AC, and power in Watts. It helps users to track and optimize energy use.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Power 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.
General Electric Company (United States), Itron, Inc. (United States), Melrose Industries Plc. (United Kingdom), Toshiba Corporation (Japan), Wasion Group Holdings Limited (Hong Kong), ABB Ltd (Switzerland), Eaton Corporation Plc. (Ireland), Holley Metering Limited. (China), Honeywell International Inc. (United States), Jiangsu Linyang Electronics Co., Ltd. (China), Ningbo Sanxing Electric Co., Ltd. (China), Schneider Electric SE (France), Sensus USA Inc. (United States) and Siemens AG (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Power Metering market by Type (Smart Meter, Digital Meter and Analog Meter), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Power Metering has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Phase, the sub-segment i.e. Single Phase will boost the Power Metering market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in the Power Metering
Market Growth Drivers:
High Demand for Power Meters in Countries such as South Africa, India and Brazil and Increasing Environmental Concerns
Challenges:
Issues Related to Privacy and Standardization of Power Meter
Restraints:
Technical Issues Associated with Power Metering
Opportunities:
Increase in the Construction Spending and Rise in the Industrial Activities
Market Leaders and their expansionary development strategies
Hitachi has completed the merger of its joint venture power business unit with ABB Power Grids, known as Power India. While Hitachi owns 80.1 per cent stake in the new joint venture which has a combined business of USD 10 billion, ABB holds the balance, the companies said in a joint statement.
Key Target Audience
Power Meter Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
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.