Market Overview:
The global panel meter 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 digital panel meters and the growing demand for panel meters in Asia Pacific and Middle East & Africa. The global panel meter market is segmented by type, application, and region. By type, the market is divided into analog panel meters and digital panel meters. Analog Panel Meters are further classified into three types: current-type, voltage-type, and temperature-type panels; while Digital Panel Meters are classified into two types: single-phase digital panelsmetersand three-phase digitalpanelmeters .
Product Definition:
A panel meter is a type of electromechanical meter that is used to measure electric current or voltage in an electrical circuit. Panel meters are typically rectangular in shape and have a number of different scales on the front that allow the user to measure different parameters.
Analog Panel Meters:
Analog panel meters are the most basic type of electrical measuring instruments. They are used for measuring low to high voltage AC and DC current in residential, commercial and industrial applications. Analog panel meters can be used with power supplies having input voltages between 0V and 1,000V AC or DC.
Digital Panel Meters:
Digital panel meters are electronic devices that can be connected to a data acquisition system in order to measure an electrical current or voltage. They are used for monitoring the performance of electronic and electrical equipment such as motors, transformers, switchboards etc. The main function of these meters is to provide accurate measurement and display information related to power quality parameters such as noise, distortion and line frequency among others.
Application Insights:
The display current application segment accounted for the largest revenue share of over 40% in 2017. This is attributed to the growing demand from industrial applications, which require a large number of meters with high accuracy and durability. The other applications include power distribution, process control and measurement of electrical quantities such as magnetic fields or radioactivity among others.
The product has various uses in industrial automation systems owing to its ability to measure small currents or voltages with high accuracy even at low temperatures. It can also be used for measuring temperature precisely across wide range of 0°C to 50°C thereby making it an ideal instrument for use in process control and measurement of physical quantities such as resistivity or conductivity among others. Moreover, they are widely used across several industries including oil & gas, chemical manufacturing etc.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for over 35% of the global revenue share. The region is expected to dominate the industry over the forecast period owing to increasing demand from several key sectors, such as industrial, power generation, transportation and others.
The European Commission (EC) has framed numerous initiatives in order to improve energy efficiency across various industries. This has resulted into increased adoption of panel meters that measure energy consumption across buildings or industrial plants for better management practices.
Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 6% during the forecast period owing to rapid developments taking place in countries like China and India pertaining electric infrastructure coupled with rising manufacturing activities within these countries.
Growth Factors:
- Increasing demand from the process industries for accurate and reliable monitoring of various process parameters
- Growing popularity of smart meters in industrial and commercial sectors
- Proliferation of Internet of Things (IoT) and big data analytics across industries
- Rising concerns over energy conservation and greenhouse gas emissions
- Development of next-generation panel meters with enhanced features
Scope Of The Report
Report Attributes
Report Details
Report Title
Panel Meter Market Research Report
By Type
Analog Panel Meters, Digital Panel Meters
By Application
Display Current, Display Voltage, Displays Temperature, Other
By Companies
Simpson, Red Lion Controls, Siemens, Phoenix Contact, Lascar Electronics, Square D, RS Pro, Altech Corp, Panasonic, KEMET, Analog Devices, Yokogawa Corporation, Veeder-Root, Omega Engineering, Jewell Instruments, Yokogawa, Red Lion, Greegoo, Multicomp, Crouzet, Honeywell, Velleman, Yueqing Leyi Electric, Crompton Instruments, Hoyt Electrical Instrument
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Panel Meter Market Report Segments:
The global Panel Meter market is segmented on the basis of:
Types
Analog Panel Meters, Digital Panel 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
Display Current, Display Voltage, Displays Temperature, Other
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:
- Simpson
- Red Lion Controls
- Siemens
- Phoenix Contact
- Lascar Electronics
- Square D
- RS Pro
- Altech Corp
- Panasonic
- KEMET
- Analog Devices
- Yokogawa Corporation
- Veeder-Root
- Omega Engineering
- Jewell Instruments
- Yokogawa
- Red Lion
- Greegoo
- Multicomp
- Crouzet
- Honeywell
- Velleman
- Yueqing Leyi Electric
- Crompton Instruments
- Hoyt Electrical Instrument
Highlights of The Panel 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:
- Analog Panel Meters
- Digital Panel Meters
- By Application:
- Display Current
- Display Voltage
- Displays Temperature
- Other
- 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 Panel 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 panel meter is a type of electrical meter that measures the amount of electricity used by a household or business.
Some of the key players operating in the panel meter market are Simpson, Red Lion Controls, Siemens, Phoenix Contact, Lascar Electronics, Square D, RS Pro, Altech Corp, Panasonic, KEMET, Analog Devices, Yokogawa Corporation, Veeder-Root, Omega Engineering, Jewell Instruments, Yokogawa, Red Lion, Greegoo, Multicomp, Crouzet, Honeywell, Velleman, Yueqing Leyi Electric, Crompton Instruments, Hoyt Electrical Instrument.
The panel meter 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 Panel 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 Panel Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Panel 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 Panel 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 Panel Meter Market Size & Forecast, 2018-2028
4.5.1 Panel Meter Market Size and Y-o-Y Growth
4.5.2 Panel Meter Market Absolute $ Opportunity
Chapter 5 Global Panel Meter 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 Panel Meter Market Size Forecast by Type
5.2.1 Analog Panel Meters
5.2.2 Digital Panel Meters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Panel Meter 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 Panel Meter Market Size Forecast by Applications
6.2.1 Display Current
6.2.2 Display Voltage
6.2.3 Displays Temperature
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Panel 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 Panel 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 Panel Meter Analysis and Forecast
9.1 Introduction
9.2 North America Panel Meter 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 Panel Meter Market Size Forecast by Type
9.6.1 Analog Panel Meters
9.6.2 Digital Panel 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 Panel Meter Market Size Forecast by Applications
9.10.1 Display Current
9.10.2 Display Voltage
9.10.3 Displays Temperature
9.10.4 Other
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 Panel Meter Analysis and Forecast
10.1 Introduction
10.2 Europe Panel Meter 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 Panel Meter Market Size Forecast by Type
10.6.1 Analog Panel Meters
10.6.2 Digital Panel 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 Panel Meter Market Size Forecast by Applications
10.10.1 Display Current
10.10.2 Display Voltage
10.10.3 Displays Temperature
10.10.4 Other
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 Panel Meter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Panel Meter 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 Panel Meter Market Size Forecast by Type
11.6.1 Analog Panel Meters
11.6.2 Digital Panel 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 Panel Meter Market Size Forecast by Applications
11.10.1 Display Current
11.10.2 Display Voltage
11.10.3 Displays Temperature
11.10.4 Other
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 Panel Meter Analysis and Forecast
12.1 Introduction
12.2 Latin America Panel Meter 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 Panel Meter Market Size Forecast by Type
12.6.1 Analog Panel Meters
12.6.2 Digital Panel 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 Panel Meter Market Size Forecast by Applications
12.10.1 Display Current
12.10.2 Display Voltage
12.10.3 Displays Temperature
12.10.4 Other
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) Panel Meter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Panel Meter 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) Panel Meter Market Size Forecast by Type
13.6.1 Analog Panel Meters
13.6.2 Digital Panel 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) Panel Meter Market Size Forecast by Applications
13.10.1 Display Current
13.10.2 Display Voltage
13.10.3 Displays Temperature
13.10.4 Other
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 Panel Meter Market: Competitive Dashboard
14.2 Global Panel Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Simpson
14.3.2 Red Lion Controls
14.3.3 Siemens
14.3.4 Phoenix Contact
14.3.5 Lascar Electronics
14.3.6 Square D
14.3.7 RS Pro
14.3.8 Altech Corp
14.3.9 Panasonic
14.3.10 KEMET
14.3.11 Analog Devices
14.3.12 Yokogawa Corporation
14.3.13 Veeder-Root
14.3.14 Omega Engineering
14.3.15 Jewell Instruments
14.3.16 Yokogawa
14.3.17 Red Lion
14.3.18 Greegoo
14.3.19 Multicomp
14.3.20 Crouzet
14.3.21 Honeywell
14.3.22 Velleman
14.3.23 Yueqing Leyi Electric
14.3.24 Crompton Instruments
14.3.25 Hoyt Electrical Instrument
