Global Power Metering Market By End-User (Residential, Commercial, and Industrial) By Type (Analog Meters, Digital Meters, and Smart Meters) By Phase (Single Phase, Three Phase), By Region, Company Forecast & Opportunities, 2027

Global Power Metering market is expected to grow at a Significant Rate for the forecast period. The rise in the population around the globe is increasing the energy requirements of an individual is the driving factor for the growth of the Power Metering market in the forecast period. The surge in demand from the developing economies such as India, Brazil, amongst others to fulfill energy requirements is creating lucrative opportunities for the Power Metering market growth. The rise in the initiatives taken by the government to provide access to electricity to every resident of the country coupled with the rise in installation of more electricity towers and subsequent grid expansion is contributing significantly to surge the Power Metering market growth. An increase in the disposable income among middle-class families is leading to a rise in the expenditure capacity of consumers. The rapid urbanization of people in search of better job opportunities and quality living standards is increasing the demand for more power generation in the cities.

Growth in the number of industries relating to different verticals such as manufacturing industries requires a large amount of power for proper functioning. Power metering also measures the amount required for energy consumption that is another significant reason for their high demand.

Global Power Metering market is segmented into end-user, type, phase, regional distribution, and company. On the basis of regional analysis, the Asia-pacific region is expected to dominate the market in the forecast period, 2023-2027. The rise in environmental concerns and the growing need to generate energy are fostering the growth of the Power Metering market. In developing countries, the government and leading authorities are investing heavily in the development of the infrastructure which in turn is accelerating the growth of the construction industry. An increase in construction activities is expected to influence the Power Metering market growth.

The major players operating in the global Power Metering market are Eaton Corporation PLC, Kamstrup A/S, Siemens AG, Acalara Technologies LLC, General Electric Company, Holley Technology LTD, Elster Group GmbH, Landis+Gyr, Schneider Electric, Sensus USA Inc., among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study

• To analyze the historical growth of the market size of global Power Metering market from 2017 to 2020.
• To estimate and forecast the market size of global Power Metering market from 2021 to 2027 and growth rate until 2027.
• To classify and forecast global Power Metering market based on end-user, type, phase, regional distribution, and company.
• To identify dominant region or segment in the global Power Metering market.
• To identify drivers and challenges for global Power Metering market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Power Metering market.
• To identify and analyze the profile of leading players operating in global Power Metering market.
• To identify key sustainable strategies adopted by market players in global Power Metering market.

Click here to download the sample

Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

Market insights research calculated the market size of

Key Target Audience

• Power Metering manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances related to Power Metering market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.