Market Overview:
The global power and energy 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 energy efficient devices and the growing awareness about energy conservation. In addition, the development of smart grids is also contributing to the growth of this market. The global power and energy meter market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into single phase, two phase, three phase meters, and others (smart meters). On the basis of application, it can be classified into industrial applications; residential applications; commercial applications; government & public sector applications; transportation sector applications; oil & gas sector applications; mining & metals sector applications ;and others (agriculture sector). Region-wise, it can be segmented into North America , Latin America , Europe , Asia Pacific ,and Middle East & Africa . Some key players in this market are ABB Ltd.; Siemens AG ; Schneider Electric SE ; Eaton Corporation Plc.; Landis+Gyr AG ; Itron Inc.; Honeywell International Inc.
Product Definition:
A power and energy meter is a device used to measure the amount of electrical power or energy consumed by an appliance or system. The importance of a power and energy meter is that it allows you to track your electricity usage, which can help you save money on your electric bill.
Single Phase:
Single-phase power is the simplest form of electric power. It has a constant voltage and current throughout its duration. Single phase can be used in various applications like household appliances, automotive, telecom equipment, etc.
Two Phase:
The two-phase power and energy meter is a device used to measure the current in two different phases. It helps in monitoring the power flow through an electric device as it has two distinct voltage readings which can be recorded separately. The product is mainly used for measuring electricity consumption by appliances, motors, transformers or other electrical equipment that requires 120V or 240V AC input voltage.
Application Insights:
The industrial segment accounted for the largest revenue share of over 50% in 2017. The growing demand for power and energy meters from industries including oil & gas, chemical, paper and pulp, mining and metals is expected to drive the global market growth over the forecast period.
Power & energy meters are used across multiple applications in industries such as manufacturing, construction and utilities among others. Industrial applications include process monitoring of electrical power generation or consumption by means of measuring voltage or current fluctuations along with other parameters such as frequency or capacity that indicate performance within tolerance limits. These devices also have utility functions which allow users to programmable set points based on real-time data obtained from a power grid thus providing critical information regarding system health at a specific location thereby enabling efficient maintenance operations.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electricity in countries, such as China and India. In 2016, China accounted for a share of more than 20% of global power consumption and India accounted for a share of about 13% globally. Thus, these countries are anticipated to witness significant growth in terms of demand generation over the next eight years which will drive regional market development.
North America held a substantial revenue share in 2017 owing to high investments made by governments across U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid urbanization and electrification in developing countries
- Stringent government regulations for energy conservation
- Development of smart grid technology and renewable energy sources
- Growing awareness about the benefits of using power & energy meters
Scope Of The Report
Report Attributes
Report Details
Report Title
Power & Energy Meter Market Research Report
By Type
Single Phase, Two Phase, Three Phase
By Application
Industrial, Residential, Commercial, Others
By Companies
ABB, Accuenergy, Eaton, Entes Electronics, Fortive (Setra Systems), General Electric, GMC Instruments, Honeywell (Elster), HyTEPS, Johnson Controls, Legrand, Mitsubishi Electric, NXP, Satec, Schneider Electric, Siemens, Simex, SMA, Trane, Veris, WEG, Yokogawa
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 Power & Energy Meter Market Report Segments:
The global Power & Energy Meter market is segmented on the basis of:
Types
Single Phase, Two Phase, Three Phase
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
Industrial, Residential, Commercial, 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:
- ABB
- Accuenergy
- Eaton
- Entes Electronics
- Fortive (Setra Systems)
- General Electric
- GMC Instruments
- Honeywell (Elster)
- HyTEPS
- Johnson Controls
- Legrand
- Mitsubishi Electric
- NXP
- Satec
- Schneider Electric
- Siemens
- Simex
- SMA
- Trane
- Veris
- WEG
- Yokogawa
Highlights of The Power & Energy 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:
- Single Phase
- Two Phase
- Three Phase
- By Application:
- Industrial
- Residential
- Commercial
- 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 Power & Energy 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
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 power and energy meter is a device that measures the power and energy used by an electrical appliance.
Some of the major players in the power & energy meter market are ABB, Accuenergy, Eaton, Entes Electronics, Fortive (Setra Systems), General Electric, GMC Instruments, Honeywell (Elster), HyTEPS, Johnson Controls, Legrand, Mitsubishi Electric, NXP, Satec, Schneider Electric, Siemens, Simex, SMA, Trane, Veris, WEG, Yokogawa.
The power & energy 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 Power & Energy 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 Power & Energy Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Power & Energy 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 Power & Energy 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 Power & Energy Meter Market Size & Forecast, 2020-2028
4.5.1 Power & Energy Meter Market Size and Y-o-Y Growth
4.5.2 Power & Energy 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 Single Phase
5.2.2 Two Phase
5.2.3 Three Phase
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 Industrial
6.2.2 Residential
6.2.3 Commercial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Power & Energy 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 Power & Energy 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 Single Phase
9.6.2 Two Phase
9.6.3 Three Phase
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 Industrial
9.10.2 Residential
9.10.3 Commercial
9.10.4 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 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 Single Phase
10.6.2 Two Phase
10.6.3 Three Phase
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 Industrial
10.10.2 Residential
10.10.3 Commercial
10.10.4 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 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 Single Phase
11.6.2 Two Phase
11.6.3 Three Phase
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 Industrial
11.10.2 Residential
11.10.3 Commercial
11.10.4 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 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 Single Phase
12.6.2 Two Phase
12.6.3 Three Phase
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 Industrial
12.10.2 Residential
12.10.3 Commercial
12.10.4 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) 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 Single Phase
13.6.2 Two Phase
13.6.3 Three Phase
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 Industrial
13.10.2 Residential
13.10.3 Commercial
13.10.4 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 Power & Energy Meter Market: Competitive Dashboard
14.2 Global Power & Energy Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Accuenergy
14.3.3 Eaton
14.3.4 Entes Electronics
14.3.5 Fortive (Setra Systems)
14.3.6 General Electric
14.3.7 GMC Instruments
14.3.8 Honeywell (Elster)
14.3.9 HyTEPS
14.3.10 Johnson Controls
14.3.11 Legrand
14.3.12 Mitsubishi Electric
14.3.13 NXP
14.3.14 Satec
14.3.15 Schneider Electric
14.3.16 Siemens
14.3.17 Simex
14.3.18 SMA
14.3.19 Trane
14.3.20 Veris
14.3.21 WEG
14.3.22 Yokogawa
