Power metering is an electronic device
that measures energy consumption and is designed for billing and monitoring
purposes. The power metering replaces electric meters while offering relevant
data metrics. Moreover, features such as environmental concerns, technological
upgradation, low maintenance cost, and two-way communication as compared to
electric meter as well as very high operating efficiency is a factor driving
the power metering market. Increasing demand for power metering as well governments
focus towards grid infrastructure are some of the major reasons behind the
growing power metering market. However, issues related to privacy and
standardization of the power meter act as barriers for the power metering
market.
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The report for Global Power Metering
Market of Market Research Future comprises of extensive primary research along
with the detailed analysis of qualitative as well as quantitative aspects by
various industry experts, key opinion leaders to gain the deeper insight of the
market and industry performance. The report gives the clear picture of current
market scenario which includes historical and projected market size in terms of
value and volume, technological advancement, macro economical and governing
factors in the market.
Competitive
Dashboard
The key players of global power metering
market include 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)
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Regional
Analysis of Global Power Metering Market
Asia-Pacific is projected as the emerging
market for power metering. Government project such as ‘smart city’ in India
contributes to the growth of the global power metering market. Major factors
such as increase in construction spending, rise in industrial activities, and
enhancement of the grid infrastructure of the region give new ways for the
growth of the region. Emerging economies such as China and Japan are focusing
on grabbing major market.
Whereas, North America is one of the
leading markets for power meter in the global market. Growing infrastructure
and government projects boost the global power metering market.
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