Market Overview:
The global 3-phase power meter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient devices and the growing awareness about energy conservation among consumers. In addition, the rising adoption of smart meters is also contributing to the growth of this market. The global 3-phase power meter market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into smart 3-phase power meters, digital 3-phase power meters, and analog 3-phase power meters.
Product Definition:
A three-phase power meter is an instrument used to measure the electrical power in a three-phase system. The importance of using a three-phase power meter is that it can provide an accurate reading of the total power being consumed by a load, which can be helpful in troubleshooting and diagnosing problems with electrical systems.
Smart 3-Phase Power Meter:
Smart 3-Phase Power Meter is a device that measures the power in three phases of an electric utility. It does not require any additional load line current sensing devices and can be used with any type of distribution feed-in cable. The product has been designed to meet the requirements set by EN60400, which deals with phase measurement for electricity transmission systems.
Digital 3-Phase Power Meter:
The digital 3-phase power meter is a device used to measure the current or voltage in three different phases of electric supply. It can be used for measuring single phase as well as three phase power. The digital 3-phase power meter has an advantage over conventional 2-Phase and 4-Phase Power Meters in that it displays not only the total amperage but also the individual amperage contribution of each leg, i.e., currents or voltages respectively.
Application Insights:
The industrial segment is expected to account for a major share in the global 3-phase power meter market owing to the rising demand from various industries such as oil & gas, steel, cement and others. The residential and commercial segments are also estimated to have significant growth over the forecast period. The growing infrastructural development across regions coupled with increasing consumer spending on electric appliances is anticipated to boost product demand over the forecast period.
3-phase power meters are used in several applications including residential, commercial and industrial sectors. In addition to this, they are also used in several other application areas such as data centers where high accuracy and precision is required along with full functionality of load calculation capability of 3-phase power meters along with an extensive range of features offered by them that include overload protection relay control etcetera which provide enhanced value for money thus contributing towards their higher adoption rate across all these application areas globally thereby driving their overall market growth during the projected timeframe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from developing countries such as China and India. In addition, rising adoption of smart grid technology in countries such as Japan and Australia is further anticipated to fuel industry growth over the next eight years.
China was one of the largest markets for power meters globally with a revenue share exceeding 10% in 2017 owing to large scale investments made by governments across various sectors including industrial, commercial, residential etc., which resulted into high consumption levels throughout the year.
Growth Factors:
- Increasing demand for energy-efficient devices: The global market for 3-phase power meters is expected to grow at a CAGR of more than 7% from 2016 to 2020. This growth can be attributed to the increasing demand for energy-efficient devices across the globe.
- Growing investments in smart grid infrastructure: Governments and private companies are investing heavily in smart grid infrastructure, which is expected to drive the growth of the 3-phase power meter market during the forecast period.
- Rising awareness about energy conservation: There is a growing awareness among consumers about the importance of conserving energy and using efficient devices, which is driving demand for 3-phase power meters globally.
- Technological advancements: The development of innovative technologies such as cloud computing and big data analytics has led to increased adoption of 3-phase power meters, thereby boosting market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
3-Phase Power Meter Market Research Report
By Type
Smart 3-Phase Power Meter, Digital 3-Phase Power Meter, Analog 3-Phase Power Meter
By Application
Residential Commercial, Industrial, Others
By Companies
PCE Instruments(Germany), Fluke(US), Flir Systems,Inc.(US), Microchip Technology,Inc.(US), Duncan Instruments(Canada), Omega Engineering(US), Hoyt Electrical Instrument Works,Inc.(US), Century Control Systems,Inc. (US), GE Digital Energy(US), Setra Systems(US), Hioki(Japan), Extech Instruments(US), Autech Control Group(Australia), Mitsubishi Electric Automation,Inc.(US), EKM Metering Inc(US), Yokogawa Meters & Instruments Corporation(Japan), Crown Point(UK), TES Electrical Electronic Corp.(TW), Toshiba Corporation(Japan), ABB Process Automation Division(US), Honeywell Analytics,Inc.(US), Jiangsu Linyang Electronics(China), Ningbo Sanxing Electric(China), General Electric(US), Itron Inc. (US), Melrose PLC.(UK), Wasion Group Holdings Limited(HK)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global 3-Phase Power Meter Market Report Segments:
The global 3-Phase Power Meter market is segmented on the basis of:
Types
Smart 3-Phase Power Meter, Digital 3-Phase Power Meter, Analog 3-Phase Power Meter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Commercial, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PCE Instruments(Germany)
- Fluke(US)
- Flir Systems,Inc.(US)
- Microchip Technology,Inc.(US)
- Duncan Instruments(Canada)
- Omega Engineering(US)
- Hoyt Electrical Instrument Works,Inc.(US)
- Century Control Systems,Inc. (US)
- GE Digital Energy(US)
- Setra Systems(US)
- Hioki(Japan)
- Extech Instruments(US)
- Autech Control Group(Australia)
- Mitsubishi Electric Automation,Inc.(US)
- EKM Metering Inc(US)
- Yokogawa Meters & Instruments Corporation(Japan)
- Crown Point(UK)
- TES Electrical Electronic Corp.(TW)
- Toshiba Corporation(Japan)
- ABB Process Automation Division(US)
- Honeywell Analytics,Inc.(US)
- Jiangsu Linyang Electronics(China)
- Ningbo Sanxing Electric(China)
- General Electric(US)
- Itron Inc. (US)
- Melrose PLC.(UK)
- Wasion Group Holdings Limited(HK)
Highlights of The 3-Phase Power Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smart 3-Phase Power Meter
- Digital 3-Phase Power Meter
- Analog 3-Phase Power Meter
- By Application:
- Residential Commercial
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 3-Phase Power Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A 3-phase power meter is a device that measures the power output of an electric motor or generator. It uses three rotating electrical contacts to measure the voltage, current, and power in each phase of the motor or generator.
Some of the major players in the 3-phase power meter market are PCE Instruments(Germany), Fluke(US), Flir Systems,Inc.(US), Microchip Technology,Inc.(US), Duncan Instruments(Canada), Omega Engineering(US), Hoyt Electrical Instrument Works,Inc.(US), Century Control Systems,Inc. (US), GE Digital Energy(US), Setra Systems(US), Hioki(Japan), Extech Instruments(US), Autech Control Group(Australia), Mitsubishi Electric Automation,Inc.(US), EKM Metering Inc(US), Yokogawa Meters & Instruments Corporation(Japan), Crown Point(UK), TES Electrical Electronic Corp.(TW), Toshiba Corporation(Japan), ABB Process Automation Division(US), Honeywell Analytics,Inc.(US), Jiangsu Linyang Electronics(China), Ningbo Sanxing Electric(China), General Electric(US), Itron Inc. (US), Melrose PLC.(UK), Wasion Group Holdings Limited(HK).
The 3-phase power meter market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 3-Phase Power Meter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. 3-Phase Power Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. 3-Phase Power Meter Market - Supply Chain
4.5. Global 3-Phase Power Meter Market Forecast
4.5.1. 3-Phase Power Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. 3-Phase Power Meter Market Size (000 Units) and Y-o-Y Growth
4.5.3. 3-Phase Power Meter Market Absolute $ Opportunity
5. Global 3-Phase Power Meter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. 3-Phase Power Meter Market Size and Volume Forecast by Type
5.3.1. Smart 3-Phase Power Meter
5.3.2. Digital 3-Phase Power Meter
5.3.3. Analog 3-Phase Power Meter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 3-Phase Power Meter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. 3-Phase Power Meter Market Size and Volume Forecast by Application
6.3.1. Residential Commercial
6.3.2. Industrial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 3-Phase Power Meter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. 3-Phase Power Meter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global 3-Phase Power Meter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. 3-Phase Power Meter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global 3-Phase Power Meter Demand Share Forecast, 2019-2026
9. North America 3-Phase Power Meter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America 3-Phase Power Meter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America 3-Phase Power Meter Market Size and Volume Forecast by Application
9.4.1. Residential Commercial
9.4.2. Industrial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America 3-Phase Power Meter Market Size and Volume Forecast by Type
9.7.1. Smart 3-Phase Power Meter
9.7.2. Digital 3-Phase Power Meter
9.7.3. Analog 3-Phase Power Meter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America 3-Phase Power Meter Demand Share Forecast, 2019-2026
10. Latin America 3-Phase Power Meter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America 3-Phase Power Meter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America 3-Phase Power Meter Market Size and Volume Forecast by Application
10.4.1. Residential Commercial
10.4.2. Industrial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America 3-Phase Power Meter Market Size and Volume Forecast by Type
10.7.1. Smart 3-Phase Power Meter
10.7.2. Digital 3-Phase Power Meter
10.7.3. Analog 3-Phase Power Meter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America 3-Phase Power Meter Demand Share Forecast, 2019-2026
11. Europe 3-Phase Power Meter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe 3-Phase Power Meter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe 3-Phase Power Meter Market Size and Volume Forecast by Application
11.4.1. Residential Commercial
11.4.2. Industrial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe 3-Phase Power Meter Market Size and Volume Forecast by Type
11.7.1. Smart 3-Phase Power Meter
11.7.2. Digital 3-Phase Power Meter
11.7.3. Analog 3-Phase Power Meter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Prduct Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe 3-Phase Power Meter Demand Share, 2019-2026
12. Asia Pacific 3-Phase Power Meter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific 3-Phase Power Meter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific 3-Phase Power Meter Market Size and Volume Forecast by Application
12.4.1. Residential Commercial
12.4.2. Industrial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific 3-Phase Power Meter Market Size and Volume Forecast by Type
12.7.1. Smart 3-Phase Power Meter
12.7.2. Digital 3-Phase Power Meter
12.7.3. Analog 3-Phase Power Meter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific 3-Phase Power Meter Demand Share, 2019-2026
13. Middle East & Africa 3-Phase Power Meter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa 3-Phase Power Meter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa 3-Phase Power Meter Market Size and Volume Forecast by Application
13.4.1. Residential Commercial
13.4.2. Industrial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa 3-Phase Power Meter Market Size and Volume Forecast by Type
13.7.1. Smart 3-Phase Power Meter
13.7.2. Digital 3-Phase Power Meter
13.7.3. Analog 3-Phase Power Meter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa 3-Phase Power Meter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global 3-Phase Power Meter Market: Market Share Analysis
14.2. 3-Phase Power Meter Distributors and Customers
14.3. 3-Phase Power Meter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PCE Instruments(Germany)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Fluke(US)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Flir Systems,Inc.(US)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Microchip Technology,Inc.(US)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Duncan Instruments(Canada)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Omega Engineering(US)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hoyt Electrical Instrument Works,Inc.(US)
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Century Control Systems,Inc. (US)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GE Digital Energy(US)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Setra Systems(US)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hioki(Japan)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Extech Instruments(US)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Autech Control Group(Australia)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Mitsubishi Electric Automation,Inc.(US)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. EKM Metering Inc(US)
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Yokogawa Meters & Instruments Corporation(Japan)
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Crown Point(UK)
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. TES Electrical Electronic Corp.(TW)
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Toshiba Corporation(Japan)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. ABB Process Automation Division(US)
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
