Market Overview:
The global high precision power meters market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high precision power meters in various applications such as automotive, energy, communication and infrastructure, consumer electronics & appliances, and others. Additionally, the growing awareness about energy conservation is also propelling the demand for high precision power meters across the globe.
Product Definition:
A high precision power meter is a device used to measure the electrical power of an electrical circuit. High precision power meters are important because they allow for more accurate measurements of electrical power, which can be used in a variety of applications.
Both AC and DC:
Both AC and DC are used in high precision power meters. The growth factor of both AC & DC is same, but the usage of one or other is dependent on the application. For instance, if an application requires accuracy less than 5%, then it's better to use DC type as it has lower measurement errors.
AC:
AC is the Alternating Current and it's a type of electric current that always flows in the same direction. The most common form of AC electricity is household current which has a frequency of 60 hertz (cycles per second).
The high precision power meters market majorly uses two types of AC inputs, namely utility power and customer-owned equipment. Utility powered meters are used for measuring energy consumption by large commercial or industrial consumers such as data centers, hospitals, manufacturing plants etc.
Application Insights:
The automotive segment accounted for the largest share in 2015 and is projected to witness significant growth over the forecast period. The industry is characterized by high demandmeters that are used to optimize engine performance and reduce fuel consumption while increasing vehicle efficiency. These devices help improve overall driving experience by providing accurate gas mileage estimates, thus contributing toward a higher market share of this segment.
High precision power meters are used in several applications including cycle racing, road cycling, mountain biking, indoor training using stationary bikes or treadmill with power output display units attached to them so users can monitor their own workout progressions as well as compare different types of exercise equipment performances simultaneously. Such advanced features offered by these devices have led them into becoming an essential tool for fitness freaks across the globe who use it not only for measuring but also for tracking calories burnt during their daily workout regime at home or gymnasiums.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region’s growth can be attributed to increasing investments in developing infrastructure and communication networks, which will require high-precision power metering systems for billing and monitoring purposes. In addition, rising demand for electricity in countries such as China and India owing to rapid industrialization will drive the overall APAC market.
Europe accounted for a significant share of revenue in 2017 owing to growing adoption of power metering systems by consumers across various European countries including Germany, France, Italy, U.K., etc. Moreover, presence of regulatory bodies such as ETSI that standardize measurement devices within Europe is also anticipated to boost industry growth over the next eight years or so till 2030 AD (Year After Date).
The MEA market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for energy efficient devices: The global market for high precision power meters is expected to grow at a CAGR of more than 9% from 2016 to 2020. This growth can be attributed to the increasing demand for energy efficient devices across the globe.
- Growing awareness about energy conservation: There is a growing awareness among consumers about the importance of conserving energy and using power-efficient devices. This is driving the demand for high precision power meters, which helps in measuring and monitoring the amount of electricity consumed by various appliances and gadgets in homes and offices.
- Rising investments in smart grid infrastructure: Governments around the world are investing heavily in smart grid infrastructure projects, which is expected to drive the growth of high precision power meters market during 2016-2020 period. Smart grids use advanced technology that helps utilities companies manage electricity distribution more efficiently, thereby reducing wastage and improving overall efficiency levels..
Scope Of The Report
Report Attributes
Report Details
Report Title
High Precision Power Meters Market Research Report
By Type
Both AC and DC, AC
By Application
Automotive, Energy, Communication and Infrastructure, Consumer Electronics & Appliances, Others
By Companies
Keysight Technologies, Yokogawa, Rohde & Schwarz, Newtons4th, ZES Zimmer Electronic Systems, Vitrex, PCE Instruments, Circutor, Fluke Corporation, Extech Instruments, Tektronix, Carlo Gavazzi, Texas Instruments, Iwatsu Electric, Hioki E.E Corporation, Dewesoft D.O.O, Dewetron GmbH, Magtrol, Arbiter Systems, Janitza Electronics GmbH
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global High Precision Power Meters Market Report Segments:
The global High Precision Power Meters market is segmented on the basis of:
Types
Both AC and DC, AC
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
Automotive, Energy, Communication and Infrastructure, Consumer Electronics & Appliances, 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:
- Keysight Technologies
- Yokogawa
- Rohde & Schwarz
- Newtons4th
- ZES Zimmer Electronic Systems
- Vitrex
- PCE Instruments
- Circutor
- Fluke Corporation
- Extech Instruments
- Tektronix
- Carlo Gavazzi
- Texas Instruments
- Iwatsu Electric
- Hioki E.E Corporation
- Dewesoft D.O.O
- Dewetron GmbH
- Magtrol
- Arbiter Systems
- Janitza Electronics GmbH
Highlights of The High Precision Power 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:
- Both AC and DC
- AC
- By Application:
- Automotive
- Energy
- Communication and Infrastructure
- Consumer Electronics & Appliances
- 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 High Precision Power 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?
High precision power meters are devices that measure the power output of a cyclist or runner. They can be used to track cycling and running performance, as well as to determine training zones and pacing.
Some of the key players operating in the high precision power meters market are Keysight Technologies, Yokogawa, Rohde & Schwarz, Newtons4th, ZES Zimmer Electronic Systems, Vitrex, PCE Instruments, Circutor, Fluke Corporation, Extech Instruments, Tektronix, Carlo Gavazzi, Texas Instruments, Iwatsu Electric, Hioki E.E Corporation, Dewesoft D.O.O, Dewetron GmbH, Magtrol, Arbiter Systems, Janitza Electronics GmbH.
The high precision power meters market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Precision Power 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 High Precision Power Meters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Precision Power 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 High Precision Power 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 High Precision Power Meters Market Size & Forecast, 2018-2028
4.5.1 High Precision Power Meters Market Size and Y-o-Y Growth
4.5.2 High Precision Power Meters Market Absolute $ Opportunity
Chapter 5 Global High Precision Power 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 High Precision Power Meters Market Size Forecast by Type
5.2.1 Both AC and DC
5.2.2 AC
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Precision Power 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 High Precision Power Meters Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Energy
6.2.3 Communication and Infrastructure
6.2.4 Consumer Electronics & Appliances
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Precision Power 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 High Precision Power 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 High Precision Power Meters Analysis and Forecast
9.1 Introduction
9.2 North America High Precision Power 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 High Precision Power Meters Market Size Forecast by Type
9.6.1 Both AC and DC
9.6.2 AC
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 High Precision Power Meters Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Energy
9.10.3 Communication and Infrastructure
9.10.4 Consumer Electronics & Appliances
9.10.5 Others
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 High Precision Power Meters Analysis and Forecast
10.1 Introduction
10.2 Europe High Precision Power 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 High Precision Power Meters Market Size Forecast by Type
10.6.1 Both AC and DC
10.6.2 AC
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 High Precision Power Meters Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Energy
10.10.3 Communication and Infrastructure
10.10.4 Consumer Electronics & Appliances
10.10.5 Others
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 High Precision Power Meters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Precision Power 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 High Precision Power Meters Market Size Forecast by Type
11.6.1 Both AC and DC
11.6.2 AC
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 High Precision Power Meters Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Energy
11.10.3 Communication and Infrastructure
11.10.4 Consumer Electronics & Appliances
11.10.5 Others
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 High Precision Power Meters Analysis and Forecast
12.1 Introduction
12.2 Latin America High Precision Power 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 High Precision Power Meters Market Size Forecast by Type
12.6.1 Both AC and DC
12.6.2 AC
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 High Precision Power Meters Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Energy
12.10.3 Communication and Infrastructure
12.10.4 Consumer Electronics & Appliances
12.10.5 Others
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) High Precision Power Meters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Precision Power 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) High Precision Power Meters Market Size Forecast by Type
13.6.1 Both AC and DC
13.6.2 AC
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) High Precision Power Meters Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Energy
13.10.3 Communication and Infrastructure
13.10.4 Consumer Electronics & Appliances
13.10.5 Others
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 High Precision Power Meters Market: Competitive Dashboard
14.2 Global High Precision Power Meters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keysight Technologies
14.3.2 Yokogawa
14.3.3 Rohde & Schwarz
14.3.4 Newtons4th
14.3.5 ZES Zimmer Electronic Systems
14.3.6 Vitrex
14.3.7 PCE Instruments
14.3.8 Circutor
14.3.9 Fluke Corporation
14.3.10 Extech Instruments
14.3.11 Tektronix
14.3.12 Carlo Gavazzi
14.3.13 Texas Instruments
14.3.14 Iwatsu Electric
14.3.15 Hioki E.E Corporation
14.3.16 Dewesoft D.O.O
14.3.17 Dewetron GmbH
14.3.18 Magtrol
14.3.19 Arbiter Systems
14.3.20 Janitza Electronics GmbH
