Global Electricity Meter Market is Rising Exponentially at a Rate of 6.07% During the Anticipated Period of 2020 to 2027

Electricity Meter Market is expected to grow at a significant rate of 6.07% in the forecast period of 2020 to 2027 and will reach USD 13.92 billion by 2027 due to the rising volume of initiatives undertaken by authorities to expand advanced infrastructure for constant delivery of energy and power to the underdeveloped regions which is primarily driving the market growth rate.

Beside this, the growing focus of consumers to use smart meters over conventional meter variants and technologies will produce lucrative opportunities for the growth of the electricity meter market.

Electricity Meter Market Scenario

According to Data Bridge Market Research the market for electricity meter is accelerating because of the high level of construction and industrialization activities. Also the, rise in the funding for the improvement of industrial buildings such as trading organizations are also expected to fuel the demand of the electricity meter market over the forecast period of 2020 to 2027. Whereas, the rising concerns for major market players to undergo strict standardizations and regulatory procedures for commercialization will obstruct the growth of the electricity meter market in the above mentioned forecast period.

Now the question is which are the other regions that electricity meter market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific because of the rapidly increasing infrastructural development backed by the major authorities in this region.

For more analysis on the electricity meter market request for a briefing with our analysts

Electricity Meter Market Scope      

Electricity meter market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of electricity meter market is further analyzed based on maximum granularity into further segmentation. Electricity meter market, on the basis of technology has been segmented into electro mechanicals and electronics. Based on type, electricity meter market has been segmented into flat-rate meters, interval meters, smart meters and solar meters. On the basis of phase, electricity meter market has been segmented as three and single phase. Electricity meter market has been segmented into commercial, industrial and domestic on the basis of end user.
  • Electricity meter are the type of measuring devices that are used for measuring the use of electricity from the appropriate locations such as industrial, residential and business facilities. This meter is usually mounted by the electricity provider to calculate the consumption volume for calculating the total amount to be billed to the customer.

To know more about the study,

Key Pointers Covered in the Electricity Meter Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • ABB
  • Eaton
  • Elster Group GmbH
  • General Electric
  • Itron Inc
  • Legrand
  • Siemens
  • Socomec
  • STMicroelectronics
  • wasion group
  • Holley Technology UK Ltd
  • LINYANG Energy
  • Sensus

Above are the key players covered in the report, to know about more and exhaustive list of electricity meter companies,’ contact us

Research Methodology: Global Electricity Meter Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Related Reports

Browse in Semiconductors and Electronics Category Related Reports@