Global Active Energy Measurement Integrated Circuits (ICs) Market, By Type (Single-Channel, Multi-Channel), Application (Smart-Plugs, Industrial, Smart Appliances, Smart-Homes, Smart Cities, Power Monitor for Servers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Active Energy Measurement Integrated Circuits (ICs) Market
Active energy measurement integrated circuits (ICs) market is expected to reach USD 91,018.63 million by 2028 witnessing market growth at a rate of 9.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on active energy measurement integrated circuits (ICs) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Energy measurement is the measurement of consumption of energy, which is used to assess consumer requirement, which is helpful in better energy management. Advances of technology of energy calculation results in the replacement of conventional utility metres. Demand for high-precision electrical metres from different applications, such as commercial or manufacturing industries, is growing and driving the need for intelligent management. The demand for energy calculation ICs has seen a constant need for ICs that are smart enough to calculate the total use of electrical power.
Increasing demand for high accuracy electric meters from various applications such as commercial or manufacturing industries, increasing adoption of smart appliances, surging levels of investment for the development and innovation in energy measurement technology, growing number of government regulations for energy utilization, rising preferences towards the usages of smart meters which record the consumption of electric energy and transfer the information to the supplier for monitoring and billing the energy usage of the customer are some of the major as well as vital factors which will likely to augment the growth of the active energy measurement integrated circuits (ICs) market in the projected timeframe of 2021-2028. On the other hand, increasing adoption of new and advanced technologies which offer various features in energy meters including measurement and monitoring along with rising trends of energy measurement to calculate reactive energy measurement, power quality monitoring, and multi-tariff billing which will further contribute by generating massive opportunities that will lead to the growth of the active energy measurement integrated circuits (ICs) market in the above mentioned projected timeframe.
High cost of the product along with difficult to fabricate an IC with low noise which will likely to act as market restraints factor for the growth of the active energy measurement integrated circuits (ICs) in the above mentioned projected timeframe. Large value of saturation resistance of transistors will become the biggest and foremost challenge for the growth of the market.
This active energy measurement integrated circuits (ICs) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on active energy measurement integrated circuits (ICs) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Active Energy Measurement Integrated Circuits (ICs) Market Scope and Market Size
Active energy measurement integrated circuits (ICs) market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Active energy measurement integrated circuits (ICs) market on the basis of type has been segmented as single-channel, and multi-channel.
- On the basis of application, the active energy measurement integrated circuits (ICs) market has been segmented into smart-plugs, industrial, smart appliances, smart-homes, smart cities, and power monitor for servers.
Active Energy Measurement Integrated Circuits (ICs) Market Country Level Analysis
Active energy measurement integrated circuits (ICs) market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the active energy measurement integrated circuits (ICs) market report are 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).
North America will dominate the active energy measurement integrated circuits (ICs) market due to the robust use of smart technologies in the industrial sector along with rising usages of latest technologies for better productivity across various industries. Europe will hold the second highest growth rate in the market due to the stringent policies with regard to the environment that boosts the use of energy measurement ICS in smart homes, industrial sectors while Asia-Pacific region will expect to grow in the forecast period of 2021-2028 due to the rising use of energy measurement ICs across a variety of industries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Active Energy Measurement Integrated Circuits (ICs) Market Share Analysis
Active energy measurement integrated circuits (ICs) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to active energy measurement integrated circuits (ICs) market.
The major players covered in the active energy measurement integrated circuits (ICs) market report are Analog Devices, Inc.; NXP Semiconductors; Microchip Technology Inc; Cirrus Logic, Inc.; Maxim Integrated; STMicroelectronics; Renesas Electronics Corporation.; Linear Technologies, Inc.; Texas Instruments Incorporated.; Arch Meter Corporation; Murata Manufacturing Co., Ltd.; Emerson Electric Co.; Silergy Corp; ICDC.; Infineon Technologies AG; Rockwell Automation, Inc.; TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION; wasion group; ABB; Eaton; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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