Global Power Metering Market Highlights

Power metering is an electronic device that measures energy consumption and is designed for billing and monitoring purposes. The power metering replaces electric meters while offering relevant data metrics. Moreover, features such as environmental concerns, technological upgradation, low maintenance cost, and two-way communication as compared to electric meter as well as very high operating efficiency is a factor driving the power metering market. Increasing demand for power metering as well governments focus towards grid infrastructure are some of the major reasons behind the growing power metering market. However, issues related to privacy and standardization of the power meter act as barriers for the power metering market.

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Key Players:

The key players of global power metering market include General Electric (U.S.), Itron (U.S.), Toshiba Corporation (Japan), Melrose Industries plc. (U.K.), Wasion Group Holdings Ltd. (China), ABB(Switzerland), Eaton Corporation Plc (Dublin), Siemens AG (Germany) and Holley Metering (China)

Segmental Analysis:

The global power metering market has been segmented on the basis of type, phase, application and region.

On the basis of type, the market has been segmented as smart, digital and analog.

On the basis of phase, the industry has been further segmented as single phase and three phase.

By application, the market has been further segmented as residential, commercial, and industrial.

By region, the global power metering market covers its growth opportunities and current trends across North America, Europe, Asia-Pacific and Rest of the World.

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Regional Outlook:

Asia-Pacific is projected as the emerging market for power metering. Government project such as ‘smart city’ in India contributes to the growth of the global power metering market. Major factors such as increase in construction spending, rise in industrial activities, and enhancement of the grid infrastructure of the region give new ways for the growth of the region. Emerging economies such as China and Japan are focusing on grabbing major market.

Whereas, North America is one of the leading markets for power meter in the global market. Growing infrastructure and government projects boost the global power metering market.

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