Power Metering Market worth 17.8 Billion USD by 2020

The report “Power Metering Market by Application (Residential, Commercial & Industrial), by Phase, by type (Smart, Digital, Analog, & Others), & by Region (North America, South America, the Middle East Africa, APAC, & Europe) - Global Trend & Forecast to 2020”defines, segments, analyzes, and forecasts the global power metering market. It also identifies the driving and restraining factors of the power metering market, with an analysis of trends, opportunities, burning issues, and winning imperatives.

Browse 96 market data tables and 52 figures spread through 208 pages and in-depth TOC on “Power Metering Market - Global Trend & Forecast to 2020"

For Sample Pages:

The market on the basis of region has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The power metering market is projected to reach USD 17.8 Billion by 2020, at a CAGR of 8.9% from 2015 to 2020.

The market has been further segmented on the basis of major applications into residential application, commercial, and industrial.

The Asia-Pacific power metering market is expected to grow at a high rate in the next five years.

Asia-Pacific is the largest market for power meters. The region, which has done fairly well in the past 10 years, accounted for around 45% of the total market share in 2014. The growth rate has scaled up due to an increase in construction spending, rise in industrial activities, and enhancement of the grid infrastructure of the region.

Residential Application – Major application for the power metering market

Power meters are categorized into three primarily segments, namely, residential, commercial, and industrial applications. The major market is captured by the residential application, which includes the utilization of meters in all households including urban and rural. The commercial application is the second major application which is utilized in various commercial places such as hospitals, schools, and shopping complexes among others. Increasing construction and industrial activities, along with the replacement market of old and technologically outdated meters is the key driver of the market.

The report caters to power meter manufacturers, dealers, and suppliers, raw material providers, consulting companies in the energy and power sector, government and research organizations, government utility providers, private utility providers, private customers, network operators, metering companies, smart grid players, venture capital firms, and investment banks. Digital and analog meters have application and growth in developing economies such as Asia-Pacific and Africa, which are improving and enhancing their grid infrastructure to increase their electrification rate. These drivers are expected to push the power metering market size from USD 10,795.4 Million in 2014 to USD 17,850.6 Million by 2020. The report provides insights about the major players of the market and the growth strategies adopted by them.

The leading players of the Power Metering Market such as General Electric (U.S.), Itron (U.S.), Toshiba Corp. (Japan), Melrose Plc. (U.K.), and Wasion Group Holdings Ltd. (China) among others have been profiled in this report.

Currently, the residential application dominates the power metering market mainly due to continuous construction of households in the developing economies. According to an estimate, around 270 Million new houses are expected to be constructed in India and China by 2025. Commercial and industrial applications, such as the usage of power meter in educational institutes, shopping complexes, and manufacturing plants hold the second and third largest markets and are expected to do well during the forecast period.

Speak to Research Expert for more info:

The report has been segmented on the basis of application, phase, meter type, and region as follows:-

On the basis of meter type: The report considers various types of meters such as the emerging smart meters, the matured digital meters that occupy around 30% of the market, and analog meters.

On the basis of application: Under this segmentation, the report considers various applications such as residential usage, commercial usage, and industrial usage of meters. The markets of urban and rural applications have also been provided in the report.

On the basis of phase:  Single and three phase meters have been considered in this segment.

On the basis of region:  The regions analyzed in the report include Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Developing regions such as Asia-Pacific and Africa find a lucrative market for power meter manufacturers.

Enquiry (Ask for Customized Report Matching Your Exact Requirement):

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India