Market Overview:
The global digital meter market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient devices and the growing awareness about energy conservation among consumers. Additionally, the development of smart cities is also expected to drive the growth of this market during the forecast period. The global digital meter market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into stationary digital meters and portable digital meters. Stationary digital meters are used for measuring electricity consumption in residential, commercial, and industrial applications respectively. Portable digital meters are used for measuring electricity consumption in residential applications only. Some key players operatingin thismarket include Landis+Gyr (Switzerland), Itron (U S), Siemens(Germany), ABB(Switzerland), Honeywell(U S ), Schneider Electric (France)and General Electric (U S ).
Product Definition:
A digital meter is an electronic device used to measure the electric current, voltage or power in a circuit. Digital meters are important because they can provide more accurate readings than analog meters.
Stationary Digital Meter:
Stationary digital meter is a device used for measuring electricity usage. It’s an electronic device that displays the electric current or voltage being consumed by a particular appliance and also helps in identifying the cause of any fault or problem. The product has gained popularity owing to its ability to reduce energy wastage, thereby increasing energy efficiency across industries and households.
The global stationary digital meter market was valued at USD 2,37 billion in 2016.
Portable Digital Meter:
Portable digital meter is a device used for measuring electricity or other utility services. It can be battery powered or plug in depending on the model. The main function of these meters is to display the energy usage of an individual or business and help them reduce their power consumption by switching off lights, appliances etc.
These devices are mainly used by large corporate companies, small & medium enterprises.
Application Insights:
The commercial segment accounted for the largest revenue share of over 60% in 2017. The growing adoption of smart meters across the commercial sector, such as shopping malls, multiplexes, theaters and stadiums is expected to drive the global demand over the forecast period. Furthermore, increasing penetration of digital electricity metering will further propel industry growth. Stationary digital electricity meters are used to measure electrical energy consumed by a customer from their utility supply. Portable digital electricity meters are used to measure electrical energy consumed by a customer from their private grid or off-grid source such as solar panels or wind turbines.
The residential segment is expected register significant growth at CAGR of XX%, in terms of revenue during the forecast period owing to rising awareness about consumption patterns.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing penetration of electricity distribution and retail infrastructure in countries such as China, India, and Japan. Furthermore, favorable government initiatives for promoting digitalization are also anticipated to drive the Asia Pacific market during the forecast period. For instance, in September 2016, China Telecom launched a cloud computing platform named “Cloud Meter Reading†(CMR) that enables users to read electricity consumption data using smartphones and tablets anywhere and anytime. Such initiatives are projected to boost demand for digital meters across various applications in Asia Pacific region over the next few years.
North America accounted for more than 20% revenue share of global market in 2017 owing with high demand from residential sector due mainly high usage of electric lighting at home which has made consumers aware about their power consumption habits thus leading them into making better use of it by opting for a Digital Electricity Meter (DGM).
Growth Factors:
- Increasing demand for energy efficient devices
- Rising awareness about the benefits of using digital meters
- Rapid technological advancements in the field of digital meters
- Growing number of smart cities and municipalities that are investing in digital meters
- Proliferation of IoT-based solutions for smart metering
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Meter Market Research Report
By Type
Stationary Digital Meter, Portable Digital Meter
By Application
Residential, Commercial, Industrial
By Companies
Al-Jon Manufacturing, Environmental Manufacturing, Heitman Laboratories, Kws Manufacturing Company, Kmb Systems, Obvius Holdingd Llc, Lubecorp Manufacturing, Quadlogic Meters, Secure Meters
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Digital Meter Market Report Segments:
The global Digital Meter market is segmented on the basis of:
Types
Stationary Digital Meter, Portable Digital 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
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:
- Al-Jon Manufacturing
- Environmental Manufacturing
- Heitman Laboratories
- Kws Manufacturing Company
- Kmb Systems
- Obvius Holdingd Llc
- Lubecorp Manufacturing
- Quadlogic Meters
- Secure Meters
Highlights of The Digital 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:
- Stationary Digital Meter
- Portable Digital Meter
- By Application:
- Residential
- Commercial
- Industrial
- 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 Digital 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 digital meter is a type of electrical meter that records the amount of electricity used in a home or business.
Some of the major players in the digital meter market are Al-Jon Manufacturing, Environmental Manufacturing, Heitman Laboratories, Kws Manufacturing Company, Kmb Systems, Obvius Holdingd Llc, Lubecorp Manufacturing, Quadlogic Meters, Secure Meters.
The digital meter market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Meter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Meter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Meter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Meter Market Size & Forecast, 2020-2028
4.5.1 Digital Meter Market Size and Y-o-Y Growth
4.5.2 Digital Meter Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stationary Digital Meter
5.2.2 Portable Digital Meter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Meter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Meter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stationary Digital Meter
9.6.2 Portable Digital Meter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stationary Digital Meter
10.6.2 Portable Digital Meter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stationary Digital Meter
11.6.2 Portable Digital Meter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stationary Digital Meter
12.6.2 Portable Digital Meter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stationary Digital Meter
13.6.2 Portable Digital Meter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Meter Market: Competitive Dashboard
14.2 Global Digital Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Al-Jon Manufacturing
14.3.2 Environmental Manufacturing
14.3.3 Heitman Laboratories
14.3.4 Kws Manufacturing Company
14.3.5 Kmb Systems
14.3.6 Obvius Holdingd Llc
14.3.7 Lubecorp Manufacturing
14.3.8 Quadlogic Meters
14.3.9 Secure Meters
