Global Electricity Meter Market By Technology (Electromechanicals, Electronics), Type (Flat-rate Meters, Interval Meters, Smart Meters, Solar Meters), Phase (Three, Single), End User (Commercial, Industrial, Domestic), 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 2027
Market Analysis and Insights: Global Electricity Meter Market
Electricity meter market is expected to reach USD 13.92 billion by 2027 witnessing market growth at a rate of 6.07% in the forecast period of 2020 to 2027. Data Bridge Market Research report on electricity meter market provides analysis and insights regarding various factors that are expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Electricity meter are the measuring devices that are used for measuring the consumption of electricity from the applicable locations such as residential, industrial and business facilities. This meter is generally installed by the energy/electricity provider to measure the consumption volume for calculating the amount to be billed to the consumer.
Increasing volume of initiatives undertaken by authorities to develop advanced infrastructure for consistent delivery of energy and power to the underdeveloped regions, along with the high level of construction and industrialization activities from the global region which has been one of the major applications for electricity meter which will drive the growth for electricity meter market. Focus of consumers to utilize smart meters over conventional meter variants and technologies has had a positive impact on the growth for electricity meter market and is expected to be one of the most vital factors of growth in the forecasted period of 2020 to 2027.
Concerns for major market players to undergo stringent standardizations and regulatory procedures for commercialization, as well as the increased awareness amongst consumers for privacy concerns are acting as market restraints in the above mentioned forecasted period.
This electricity meter 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 Data Bridge Market Research electricity meter market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electricity Meter Market Scope and Market Size
Electricity meter market is segmented on the basis of technology, type, phase and end user. 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.
Electricity meter market, on the basis of technology has been segmented into electromechanicals 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 Market Country Level Analysis
Electricity meter market is analysed and market size, volume information is provided by country, technology, type, phase and end user as referenced above.
The countries covered in the 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).
Europe and North America are expected to be the leading players of electricity meter market with both these regions competing for the largest market share amongst the other regions, due to the availability of existing energy supplying infrastructure. Asia-Pacific will undergo growth at the highest rate caused by the rising infrastructural development backed by the major authorities of the regions.
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 Electricity Meter Market Share Analysis
Electricity meter 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 electricity meter market.
The major players covered in the electricity meter market report are ABB, Eaton, Elster Group GmbH, General Electric Company, Itron Inc., Legrand, Siemens, Socomec, STMicroelectronics, wasion group, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, Holley Technology UK Ltd., LINYANG Energy, Sensus 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.
Customization Available : Global Electricity Meter Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.