Market Overview:
The global watt meter market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the watt meter market can be attributed to the increasing demand for energy-efficient devices and rising awareness about energy conservation. In addition, the growing demand for smart meters is also contributing to the growth of the global watt meter market. The global watt meter market can be segmented by type, application, and region.
Product Definition:
A watt meter is an instrument used to measure the electrical power dissipated by a component or device in watts. The importance of watt meters is that they allow you to accurately measure the power consumed by a device, which is important for calculating energy usage and billing.
Conventional Watt Meter:
Conventional watt meter is a device used to measure power in conventional electric outlets. It's an electronic device that converts the current electrical energy into the appropriate units of measure and displays it on an analog or digital scale. The conventional wadometer measures power using two different methods, firstly by converting the AC voltage supplied by the outlet into DC energy and secondly measuring how much current is flowing through that particular channel.
Digital Watt Meter:
A digital watt meter (DWM) is an electronic device used to measure power. It can be used for measuring the power consumption of an electrical circuit, appliance or equipment and display the same in terms of electric current or voltage. The DWM displays the real-time energy usage of a device and helps consumers monitor their energy consumption effectively.
Application Insights:
The industrial use segment dominated the global watt meter market in 2017, accounting for over 60.0% share of the total revenue. The growing demand for electric power measurement devices to improve production efficiency is expected to be a key factor driving product demand in this segment over the forecast period.
The commercial use segment is anticipated to witness significant growth over the forecast period owing to rising adoption of energy saving technologies and policies by various industries including manufacturing, mining and oil & gas, and transportation among others. Furthermore, increasing penetration of renewable energy sources such as solar photovoltaic systems is expected fuel product demand in this application segment during the study period.
In residential applications, conventional watt meters are used for measuring electrical consumption on a domestic level while digital watt meters are preferred for large scale monitoring purposes due to their accuracy.
Regional Analysis:
Europe Watt Meter Market accounted for the largest share in 2016 owing to the presence of a large number of manufacturers and OEMs in this region. The European Commission has made it mandatory to install these devices in all new buildings from 2018, which is expected to boost product demand over the forecast period. Asia Pacific is anticipated to be one of the fastest-growing regional markets due to increasing government initiatives and investments on smart cities development. Increasing electricity consumption due to rapid urbanization, coupled with growing industrial sector growth, will drive regional market growth over the forecast period.
North America was valued at USD X million in 2016 and is projected grow at a CAGR of XX% from 2017 till 2030 owing an increase in residential building construction along with commercial building constructions taking place across U.S.
Growth Factors:
- Increasing demand from the industrial sector for energy conservation
- Rapid growth in the renewable energy sector
- Stringent government regulations and policies to promote energy efficiency
- Rising consumer awareness about the benefits of watt meters
- Technological advancements that have led to the development of more sophisticated watt meters
Scope Of The Report
Report Attributes
Report Details
Report Title
Watt Meter Market Research Report
By Type
Conventional Watt Meter, Digital Watt Meter
By Application
Residential Use, Commercial Use, Industrial Use
By Companies
Siemens, HIOKI, Bird, Itron, Schneider Electric, CNAOB ELECTRIC, Wuhan Radarking Electronics, ZHEJIANG LEOU ELECTRICAL, Studebaker Submetering, Autonics, ABB, Eaton, Holley Group, Wasion Holdings
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Watt Meter Market Report Segments:
The global Watt Meter market is segmented on the basis of:
Types
Conventional Watt Meter, Digital Watt Meter
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 Use, Commercial Use, Industrial Use
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:
- Siemens
- HIOKI
- Bird
- Itron
- Schneider Electric
- CNAOB ELECTRIC
- Wuhan Radarking Electronics
- ZHEJIANG LEOU ELECTRICAL
- Studebaker Submetering
- Autonics
- ABB
- Eaton
- Holley Group
- Wasion Holdings
Highlights of The Watt 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:
- Conventional Watt Meter
- Digital Watt Meter
- By Application:
- Residential Use
- Commercial Use
- Industrial Use
- 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 Watt 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.
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- Correctly Positioning New 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 watt meter is a device used to measure the power output of an electrical circuit.
Some of the key players operating in the watt meter market are Siemens, HIOKI, Bird, Itron, Schneider Electric, CNAOB ELECTRIC, Wuhan Radarking Electronics, ZHEJIANG LEOU ELECTRICAL, Studebaker Submetering, Autonics, ABB, Eaton, Holley Group, Wasion Holdings.
The watt meter market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Watt Meter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Watt Meter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Watt Meter Market - Supply Chain
4.5. Global Watt Meter Market Forecast
4.5.1. Watt Meter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Watt Meter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Watt Meter Market Absolute $ Opportunity
5. Global Watt Meter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Watt Meter Market Size and Volume Forecast by Type
5.3.1. Conventional Watt Meter
5.3.2. Digital Watt Meter
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Watt Meter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Watt Meter Market Size and Volume Forecast by Application
6.3.1. Residential Use
6.3.2. Commercial Use
6.3.3. Industrial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Watt Meter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Watt Meter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Watt Meter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Watt Meter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Watt Meter Demand Share Forecast, 2019-2026
9. North America Watt Meter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Watt Meter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Watt Meter Market Size and Volume Forecast by Application
9.4.1. Residential Use
9.4.2. Commercial Use
9.4.3. Industrial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Watt Meter Market Size and Volume Forecast by Type
9.7.1. Conventional Watt Meter
9.7.2. Digital Watt Meter
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Watt Meter Demand Share Forecast, 2019-2026
10. Latin America Watt Meter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Watt Meter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Watt Meter Market Size and Volume Forecast by Application
10.4.1. Residential Use
10.4.2. Commercial Use
10.4.3. Industrial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Watt Meter Market Size and Volume Forecast by Type
10.7.1. Conventional Watt Meter
10.7.2. Digital Watt Meter
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Watt Meter Demand Share Forecast, 2019-2026
11. Europe Watt Meter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Watt Meter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Watt Meter Market Size and Volume Forecast by Application
11.4.1. Residential Use
11.4.2. Commercial Use
11.4.3. Industrial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Watt Meter Market Size and Volume Forecast by Type
11.7.1. Conventional Watt Meter
11.7.2. Digital Watt Meter
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. B Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Watt Meter Demand Share, 2019-2026
12. Asia Pacific Watt Meter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Watt Meter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Watt Meter Market Size and Volume Forecast by Application
12.4.1. Residential Use
12.4.2. Commercial Use
12.4.3. Industrial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Watt Meter Market Size and Volume Forecast by Type
12.7.1. Conventional Watt Meter
12.7.2. Digital Watt Meter
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Watt Meter Demand Share, 2019-2026
13. Middle East & Africa Watt Meter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Watt Meter Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Watt Meter Market Size and Volume Forecast by Application
13.4.1. Residential Use
13.4.2. Commercial Use
13.4.3. Industrial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Watt Meter Market Size and Volume Forecast by Type
13.7.1. Conventional Watt Meter
13.7.2. Digital Watt Meter
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Watt Meter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Watt Meter Market: Market Share Analysis
14.2. Watt Meter Distributors and Customers
14.3. Watt Meter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. HIOKI
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bird
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Itron
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CNAOB ELECTRIC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wuhan Radarking Electronics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ZHEJIANG LEOU ELECTRICAL
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Studebaker Submetering
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Autonics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ABB
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eaton
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Holley Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Wasion Holdings
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
