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.
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and technologically outdated meters is the key driver of the market.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.
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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