Global Power Metering Market

Power Metering Market Size, Share, Growth Analysis, By Type (Smart Meter, Digital Meter), By Application (Residential, Commercial), By Phase (Single-Phase,Three- Phase), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20D2266 | Region: Global | Published Date: November, 2024
Pages: 196 | Tables: 89 | Figures: 70

Power Metering Market Competitive Landscape

Power metering providers are focusing on increasing their business reach across different parts of the world. Companies can collaborate and partner with governments to maximize their sales and revenue generation potential in the future. Upgradation of old power grids and the adoption of advanced new power technologies could also offer lucrative growth opportunities for power metering companies going forward. The market is highly fragmented and provides opportunities for new companies as well. Market players should also focus on creating products that are compliant with changing regulations across different countries.

Top Player’s Company Profiles

  • Schneider Electric SE  
  • Eaton Corporation plc  
  • Siemens AG  
  • General Electric Company  
  • Honeywell International Inc.  
  • Landis+Gyr AG  
  • Itron Inc.  
  • Kamstrup A/S  
  • Wasion Group Holdings Limited  
  • Holley Technology Ltd.  
  • Jiangsu Linyang Energy Co. Ltd.  
  • Mitsubishi Electric Corporation  
  • Toshiba Corporation  
  • Fuji Electric Co. Ltd.  
  • Haier Group Corporation  
  • Xylem Inc.  
  • Circutor SA  
  • Carlo Gavazzi Holding AG 
  • Hubbell Inc. 

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Power Metering Market size was valued at USD 21.87 billion in 2022 and is poised to grow from USD 23.16 billion in 2023 to USD 36.64 billion by 2031, growing at a CAGR of 5.90% during the forecast period (2024-2031). 

Power metering providers are focusing on increasing their business reach across different parts of the world. Companies can collaborate and partner with governments to maximize their sales and revenue generation potential in the future. Upgradation of old power grids and the adoption of advanced new power technologies could also offer lucrative growth opportunities for power metering companies going forward. The market is highly fragmented and provides opportunities for new companies as well. Market players should also focus on creating products that are compliant with changing regulations across different countries. 'Schneider Electric SE  ', 'Eaton Corporation plc  ', 'Siemens AG  ', 'General Electric Company  ', 'Honeywell International Inc.  ', 'Landis+Gyr AG  ', 'Itron Inc.  ', 'Kamstrup A/S  ', 'Wasion Group Holdings Limited  ', 'Holley Technology Ltd.  ', 'Jiangsu Linyang Energy Co. Ltd.  ', 'Mitsubishi Electric Corporation  ', 'Toshiba Corporation  ', 'Fuji Electric Co. Ltd.  ', 'Haier Group Corporation  ', 'Xylem Inc.  ', 'Circutor SA  ', 'Carlo Gavazzi Holding AG ', 'Hubbell Inc. '

The world is hungrier for energy than ever before and as the world struggles to fulfill this surging demand for energy, it is deploying measures to conserve energy and improve its proper utilization. Increasing focus on effective energy consumption among organizations and individuals is slated to bolster the demand for power metering in the future.

Smart Power Metering: The adoption of smart power meters is forecasted to increase at a notable pace across the forecast period as power metering technology advances. Governments across the world are necessitating the use of smart power meters to improve energy consumption and manage the effectiveness of power grids to satisfy the surging demand for power.

The Asia Pacific region is estimated to account for a massive share of the global power metering demand outlook. This can be attributed to the presence of a huge power supply network to some of the world’s largest population bases such as China and India, which also lead the market growth in this region. High investments in infrastructure development and growing electricity usage from the industrial sector are also predicted to bolster power metering market growth in the Asia Pacific region across the forecast period. Initiatives taken by governments in this region to optimize energy supply are also estimated to bolster sales of smart power meters and thereby drive power metering market development as well.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Power Meters Market
Buy Now GET FREE SAMPLE
Smart Electricity Meters Market
Buy Now GET FREE SAMPLE
Energy Meters Market
Buy Now GET FREE SAMPLE
Smart Meters Market
Buy Now GET FREE SAMPLE
Metering Pumps Market
Buy Now GET FREE SAMPLE
Smart Water Metering Market
Buy Now GET FREE SAMPLE
Water Meter Market
Buy Now GET FREE SAMPLE
Smart Gas Metering Systems Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Power Metering Market

Report ID: SQMIG20D2266

$5,300
BUY NOW GET FREE SAMPLE