Power metering is an equipment that is employed for measuring as well as monitoring the electrical consumption in industrial and household areas. These meters provide precise statistics or measurements of the power or energy consumed as compared to the conventional electric meters. Add to this, it also provides relevant data metrics unlike the former. These meters are quickly seen replacing the digital meters across the world due to its level of efficiency and other key advantages.

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.

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Industry Segmental Analysis

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 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 Increasing construction and industrial activities along with the replacement market of old and technologically outdated meters is the key driver of the market.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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Prominent Players

We recognize the key players in the global Power metering market as 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)

Scope of the Report

This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global Power metering market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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