Market Overview:
The global electric energy meters market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electricity and the need for advanced metering infrastructure (AMI). Additionally, government initiatives such as smart city projects are also fueling the growth of this market. The global electric energy meters market is segmented on the basis of type, application, and region. On the basis of type, it is divided into single-phase electric energy meters and three-phase electric energy meters. Single-phase electric energy meter held a major share in 2017 owing to its low installation cost as compared to three-phase meter. However, with increasing demand for high voltage applications such as smart grids and data centers, three-phase meter is expected to witness higher growth during forecast period.
Product Definition:
Electric energy meters are devices that measure the amount of electric energy used in a certain period of time. They are important because they allow utility companies to bill their customers for the amount of electricity that they use.
Single-Phase Electric Energy Meters:
Single-phase electric energy meters are used to measure electricity consumption in a single phase. It is the most basic type of electric energy meter and is also known as conventional meter. The growth factor for this market will be driven by factors such as increasing government regulations, rising demand for renewable sources of energy, growing infrastructure and technological advancements in metering technology.
Three-Phase Electric Energy Meters:
Electric energy meters are devices used to measure the electricity consumed by a consumer during a billing cycle. The main function of an electric energy meter is to record and measure the amount of electricity that has entered or left a building, respectively. An electric energy meter consists of two metal plates connected by an electrical circuit; it measures the power that flows through this circuit and displays the result on its digital display.
Application Insights:
The panel-mounted application segment led the global electric energy meters market and accounted for more than 45.0% share of the total revenue in 2017. The segment is projected to witness significant growth over the forecast period owing to its ease of use, installation, and maintenance along with low cost as compared to other types of meters.
The wall-mounted electric energy meter application is expected to register a CAGR exceeding 11.0% from 2018 to 2030 owing to its ability provide accurate metering while reducing installation and maintenance costs as well as time savings during read/write operations, which further enhances their adoption rate across various industries such as power generation & distribution among others due to their benefits over traditional dial or digital mechanical instruments used for measuring electricity consumption in an industrial setting respectively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in smart grid and demand response programs by governments as well as power distribution companies. For instance, China has initiated a number of initiatives such as “13th Five Year Plan†for sustainable development and “Northeast Asia Energy Grid†for integration of energy systems across countries including China, Japan, and Korea. Such government initiatives are anticipated to increase penetration rate of electric meters in the region significantly over the next eight years.
North America accounted for more than 25% share in 2016 owing to early adoption by U.S.
Growth Factors:
- Increasing demand for electricity: The global demand for electricity is increasing rapidly due to the growing population and rising standards of living. This is driving the adoption of electric energy meters, which helps utilities to accurately measure and bill customers for their usage.
- Regulatory mandates: Many governments are mandating the installation of electric energy meters in order to improve transparency and efficiency in the power sector. This is providing a boost to the market growth.
- Advancements in technology: The development of new technologies such as smart meters is aiding the growth of the electric energy meter market by helping utilities reduce wastage, manage load fluctuations, and improve customer service levels.
- Growing investment in renewable energy: There is a growing investment in renewable sources of energy such as solar and wind power, which requires accurate measurement of electricity generation and consumption data for effective grid management purposes. Electric energy meters play an important role here by providing accurate data on real-time basis.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Energy Meters Market Research Report
By Type
Single-Phase Electric Energy Meters, Three-Phase Electric Energy Meters
By Application
Panel-Mount, Wall-Mounted Electric Energy Meters, DIN Rail
By Companies
4-noks(Italy), Aktif Enerji Ltd.Co.(Turkey), Algodue Elettronica(Italy), Atmel(US), BENDER(US), Capetti Elettronica(Italy), CARLO GAVAZZI(Swizerland), CG Power Systems(Ireland), CHAUVIN ARNOUX(France), DEIF(Denmark)
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Electric Energy Meters Market Report Segments:
The global Electric Energy Meters market is segmented on the basis of:
Types
Single-Phase Electric Energy Meters, Three-Phase Electric Energy Meters
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
Panel-Mount, Wall-Mounted Electric Energy Meters, DIN Rail
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:
- 4-noks(Italy)
- Aktif Enerji Ltd.Co.(Turkey)
- Algodue Elettronica(Italy)
- Atmel(US)
- BENDER(US)
- Capetti Elettronica(Italy)
- CARLO GAVAZZI(Swizerland)
- CG Power Systems(Ireland)
- CHAUVIN ARNOUX(France)
- DEIF(Denmark)
Highlights of The Electric Energy Meters 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:
- Single-Phase Electric Energy Meters
- Three-Phase Electric Energy Meters
- By Application:
- Panel-Mount
- Wall-Mounted Electric Energy Meters
- DIN Rail
- 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 Electric Energy Meters 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?
Electric energy meters are devices that measure the amount of electricity used by a household or business. They can be installed in homes, businesses, and other buildings to help people understand their energy use and save money on their bills.
Some of the major players in the electric energy meters market are 4-noks(Italy), Aktif Enerji Ltd.Co.(Turkey), Algodue Elettronica(Italy), Atmel(US), BENDER(US), Capetti Elettronica(Italy), CARLO GAVAZZI(Swizerland), CG Power Systems(Ireland), CHAUVIN ARNOUX(France), DEIF(Denmark).
The electric energy meters market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Energy Meters 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 Electric Energy Meters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Energy Meters 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 Electric Energy Meters 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 Electric Energy Meters Market Size & Forecast, 2018-2028
4.5.1 Electric Energy Meters Market Size and Y-o-Y Growth
4.5.2 Electric Energy Meters Market Absolute $ Opportunity
Chapter 5 Global Electric Energy Meters 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 Electric Energy Meters Market Size Forecast by Type
5.2.1 Single-Phase Electric Energy Meters
5.2.2 Three-Phase Electric Energy Meters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Energy Meters 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 Electric Energy Meters Market Size Forecast by Applications
6.2.1 Panel-Mount
6.2.2 Wall-Mounted Electric Energy Meters
6.2.3 DIN Rail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Energy Meters 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 Electric Energy Meters 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 Electric Energy Meters Analysis and Forecast
9.1 Introduction
9.2 North America Electric Energy Meters 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 Electric Energy Meters Market Size Forecast by Type
9.6.1 Single-Phase Electric Energy Meters
9.6.2 Three-Phase Electric Energy Meters
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 Electric Energy Meters Market Size Forecast by Applications
9.10.1 Panel-Mount
9.10.2 Wall-Mounted Electric Energy Meters
9.10.3 DIN Rail
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 Electric Energy Meters Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Energy Meters 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 Electric Energy Meters Market Size Forecast by Type
10.6.1 Single-Phase Electric Energy Meters
10.6.2 Three-Phase Electric Energy Meters
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 Electric Energy Meters Market Size Forecast by Applications
10.10.1 Panel-Mount
10.10.2 Wall-Mounted Electric Energy Meters
10.10.3 DIN Rail
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 Electric Energy Meters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Energy Meters 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 Electric Energy Meters Market Size Forecast by Type
11.6.1 Single-Phase Electric Energy Meters
11.6.2 Three-Phase Electric Energy Meters
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 Electric Energy Meters Market Size Forecast by Applications
11.10.1 Panel-Mount
11.10.2 Wall-Mounted Electric Energy Meters
11.10.3 DIN Rail
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 Electric Energy Meters Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Energy Meters 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 Electric Energy Meters Market Size Forecast by Type
12.6.1 Single-Phase Electric Energy Meters
12.6.2 Three-Phase Electric Energy Meters
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 Electric Energy Meters Market Size Forecast by Applications
12.10.1 Panel-Mount
12.10.2 Wall-Mounted Electric Energy Meters
12.10.3 DIN Rail
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) Electric Energy Meters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Energy Meters 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) Electric Energy Meters Market Size Forecast by Type
13.6.1 Single-Phase Electric Energy Meters
13.6.2 Three-Phase Electric Energy Meters
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) Electric Energy Meters Market Size Forecast by Applications
13.10.1 Panel-Mount
13.10.2 Wall-Mounted Electric Energy Meters
13.10.3 DIN Rail
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 Electric Energy Meters Market: Competitive Dashboard
14.2 Global Electric Energy Meters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 4-noks(Italy)
14.3.2 Aktif Enerji Ltd.Co.(Turkey)
14.3.3 Algodue Elettronica(Italy)
14.3.4 Atmel(US)
14.3.5 BENDER(US)
14.3.6 Capetti Elettronica(Italy)
14.3.7 CARLO GAVAZZI(Swizerland)
14.3.8 CG Power Systems(Ireland)
14.3.9 CHAUVIN ARNOUX(France)
14.3.10 DEIF(Denmark)
