Market Overview:
The global three-phase electric energy meter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy efficient devices and the growing awareness about energy conservation among consumers. In addition, the increasing installation of smart meters is also contributing to the growth of this market. Based on type, the global three-phase electric energy meter market can be segmented into stationary and mobile meters. The stationary meters segment is expected to account for a larger share of this market than the mobile meters segment during the forecast period. This can be attributed to their low cost and longer life span as compared with mobile meters. Based on application, this market can be divided into residential, commercial, and industrial applications.
Product Definition:
A three-phase electric energy meter is a type of electromechanical watt-hour meter used to measure electrical energy in three-phase systems.
Stationary:
The global three-phase electric energy meter market size was valued at USD 2.5 billion in 2015 and is expected to witness a significant growth owing to the increasing demand for smart meters, which are capable of measuring electricity consumption with accuracy. The growing need for efficient power distribution and rising concerns regarding the environment are anticipated to drive industry growth over the forecast period.
Mobile:
The mobile is the device that enables communication between the energy meter and the service provider. It is an electronic device which facilitates reading and writing of data on different types of media such as USB flash drive, SD card, etc. The global three-phase electric energy meter market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Application Insights:
The commercial segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. Increasing number of commercial buildings, such as offices, shops, malls and hotels across various regions including Asia Pacific and Middle East & Africa are expected to drive the demand for three-phase electric energy meters from 2018 to 2030.
The industrial application segment is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to growing demand for power generation equipment across industries including oil & gas, manufacturing and construction among others globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing adoption of electric energy metering in commercial and industrial applications. Increasing awareness regarding three-phase electric energy metering, growing investments in smart grid development, and rising demand for clean electricity are some of the major factors driving regional market growth.
The Asia Pacific region accounted for a share of more than 30% in 2016 owing to significant penetration of three phase electric meters across residential as well as commercial sectors especially in China and India. Furthermore, favorable government policies such as “Make In India†initiative by Indian Government along with “One Belt One Road†policy by Chinese Government are expected to open new markets avenues over the next eight years.
North America is projected to witness steady growth from 2017 to 2030 due its early adoption coupled with high penetration rates observed across U.S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Government initiatives for energy conservation and promotion of renewable energy sources
- Development of smart grid infrastructure
- Rapid urbanization and electrification in developing countries
- Technological advancements in electric meters
Scope Of The Report
Report Attributes
Report Details
Report Title
Three-phase Electric Energy Meter Market Research Report
By Type
Stationary, Mobile
By Application
Residential, Commercial, Industrial
By Companies
GOSSEN METRAWATT GmbH, TELE, CIRCUTOR, Contrel elettronica, Algodue, eTactica, SMS Electric Co.,Ltd, Jiangsu Sfere Electric Co.,Ltd, Kamstrup, IME, TE Connectivity Ltd, Wuhan Radarking Electronics Corp., Selec Controls, ORBIS TECNOLOGÍA ELÉCTRICA, Luna Elektrik
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Three-phase Electric Energy Meter Market Report Segments:
The global Three-phase Electric Energy Meter market is segmented on the basis of:
Types
Stationary, Mobile
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:
- GOSSEN METRAWATT GmbH
- TELE
- CIRCUTOR
- Contrel elettronica
- Algodue
- eTactica
- SMS Electric Co.,Ltd
- Jiangsu Sfere Electric Co.,Ltd
- Kamstrup
- IME
- TE Connectivity Ltd
- Wuhan Radarking Electronics Corp.
- Selec Controls
- ORBIS TECNOLOGÍA ELÉCTRICA
- Luna Elektrik
Highlights of The Three-phase Electric 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:
- Stationary
- Mobile
- 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 Three-phase Electric 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:
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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 three-phase electric energy meter is a meter that measures the amount of electricity used in an electrical circuit. It consists of three separate meters, each measuring a different phase of the current.
Some of the major players in the three-phase electric energy meter market are GOSSEN METRAWATT GmbH, TELE, CIRCUTOR, Contrel elettronica, Algodue, eTactica, SMS Electric Co.,Ltd, Jiangsu Sfere Electric Co.,Ltd, Kamstrup, IME, TE Connectivity Ltd, Wuhan Radarking Electronics Corp., Selec Controls, ORBIS TECNOLOGA EL‰CTRICA, Luna Elektrik.
The three-phase electric energy meter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Three-phase Electric 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 Three-phase Electric Energy Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Three-phase Electric 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 Three-phase Electric 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 Three-phase Electric Energy Meter Market Size & Forecast, 2018-2028
4.5.1 Three-phase Electric Energy Meter Market Size and Y-o-Y Growth
4.5.2 Three-phase Electric Energy Meter Market Absolute $ Opportunity
Chapter 5 Global Three-phase Electric Energy 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 Three-phase Electric Energy Meter Market Size Forecast by Type
5.2.1 Stationary
5.2.2 Mobile
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Three-phase Electric Energy 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 Three-phase Electric Energy Meter 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 Three-phase Electric 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 Three-phase Electric 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 Three-phase Electric Energy Meter Analysis and Forecast
9.1 Introduction
9.2 North America Three-phase Electric Energy 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 Three-phase Electric Energy Meter Market Size Forecast by Type
9.6.1 Stationary
9.6.2 Mobile
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 Three-phase Electric Energy Meter 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 Three-phase Electric Energy Meter Analysis and Forecast
10.1 Introduction
10.2 Europe Three-phase Electric Energy 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 Three-phase Electric Energy Meter Market Size Forecast by Type
10.6.1 Stationary
10.6.2 Mobile
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 Three-phase Electric Energy Meter 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 Three-phase Electric Energy Meter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Three-phase Electric Energy 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 Three-phase Electric Energy Meter Market Size Forecast by Type
11.6.1 Stationary
11.6.2 Mobile
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 Three-phase Electric Energy Meter 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 Three-phase Electric Energy Meter Analysis and Forecast
12.1 Introduction
12.2 Latin America Three-phase Electric Energy 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 Three-phase Electric Energy Meter Market Size Forecast by Type
12.6.1 Stationary
12.6.2 Mobile
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 Three-phase Electric Energy Meter 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) Three-phase Electric Energy Meter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Three-phase Electric Energy 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) Three-phase Electric Energy Meter Market Size Forecast by Type
13.6.1 Stationary
13.6.2 Mobile
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) Three-phase Electric Energy Meter 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 Three-phase Electric Energy Meter Market: Competitive Dashboard
14.2 Global Three-phase Electric Energy Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GOSSEN METRAWATT GmbH
14.3.2 TELE
14.3.3 CIRCUTOR
14.3.4 Contrel elettronica
14.3.5 Algodue
14.3.6 eTactica
14.3.7 SMS Electric Co.,Ltd
14.3.8 Jiangsu Sfere Electric Co.,Ltd
14.3.9 Kamstrup
14.3.10 IME
14.3.11 TE Connectivity Ltd
14.3.12 Wuhan Radarking Electronics Corp.
14.3.13 Selec Controls
14.3.14 ORBIS TECNOLOGÍA ELÉCTRICA
14.3.15 Luna Elektrik
