Product Code: A00853
The global power metering market was valued at $11.2 billion in 2022, and is projected to reach $21.0 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032.
Power metering, also known as energy metering or electricity metering, is the act of calculating and keeping track of the amount of electrical energy used in industrial, commercial, and residential contexts. Power metering is primarily used to measure and record the quantity of electricity used, giving consumers the ability to better understand their energy usage, control expenses, and increase energy efficiency. To gauge how much electricity is used, power meters are installed at various points in an electrical system. They keep track of data using measures like kilowatt-hours (kWh) or megawatt-hours (MWh), which stand for the total amount of energy used during a given time period.
Real-time information on energy usage is provided by advanced power metering systems. Users continuously track their electrical consumption and modify as necessary to reduce costs. Utility providers need power metering in order to appropriately bill customers for their energy usage. Residential, business, and industrial users all be subject to different tariff schemes. Power meters provide load profiles, which display the variations in energy use over the course of a day and over several days. Utility companies and consumers better understand electricity usage patterns thanks to this data. Some meters track demand, which is the rate of electrical energy use at any given time. Demand charges are frequently included in electricity bills for businesses and industries.
Individuals and businesses lessen their carbon footprints and support environmental sustainability by being aware of their energy usage. Users of renewable energy sources monitor their usage and excess energy production with the aid of power meters. This is in favor of net metering and the grid-integration of renewable energy. Modern meters identify voltage changes, overloads, and other anomalies, allowing for quick corrections and a reduction in downtime. Many contemporary meters have connectivity features that enable remote data collecting, hence minimizing the need for manual reading and maintenance visits. The transparent data on energy usage provided by power metering makes it simpler for consumers to comprehend and manage their consumption.
Smart meters, which gather specific real-time data and provide information about consumers' everyday routines and behaviors, have sparked privacy concerns. For utilities as well as users, upgrading to sophisticated power meters or smart meters be expensive. However, the benefits in the long run frequently outweigh these expenses. Strong security measures are needed for the gathering and transfer of data from smart meters in order to guard against data breaches and cyberattacks. Smart meter operation is impacted by technological issues in some locations, such as unstable cellular or internet connectivity.
The power metering market is studied on the basis of type, application, and region. By type, the power metering market is divided into single, and three. By application, the market is categorized into commercial, industrial, and residential. By region, the power metering market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). The major players operating in the power metering market are General Electric, Toshiba Corporation, ABB Ltd., Eaton Corporation plc, Siemens AG, Holley Metering Ltd., Aclara Technologies LLC, Melrose Industries plc, Wasion Holdings Limited, and Sensus. The companies adopted key strategies such as collaboration to increase their market share.
The drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the power metering market analysis from 2022 to 2032 to identify the prevailing power metering market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the power metering market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global power metering market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
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- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- SWOT Analysis
Key Market Segments
By Phase
By Application
- Commercial
- Industrial
- Residential
By Region
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- General Electric
- Eaton Corporation plc
- Aclara Technologies LLC
- Melrose Industries PLC
- ABB Ltd.
- Siemens AG
- Sensus
- Toshiba Corporation.
- holley metering ltd.
- Wasion Holdings Limited.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Cost saving opportunities coupled with environmental sustainability
- 3.4.1.2. Enhancing energy efficiency, smart grid development along with renewable energy integration
- 3.4.2. Restraints
- 3.4.2.1. Regulatory challenges and resistance to change
- 3.4.2.2. High initial costs coupled with privacy concerns and data security threat
- 3.4.3. Opportunities
- 3.4.3.1. Growing market for IoT, smart cities, and energy as a service
- 3.5. Value Chain Analysis
- 3.6. Regulatory Guidelines
- 3.7. Patent Landscape
CHAPTER 4: POWER METERING MARKET, BY PHASE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Single
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Three
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: POWER METERING MARKET, BY APPLICATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Commercial
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Industrial
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Residential
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: POWER METERING MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Phase
- 6.2.3. Market size and forecast, by Application
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Phase
- 6.2.4.1.2. Market size and forecast, by Application
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Phase
- 6.2.4.2.2. Market size and forecast, by Application
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by Phase
- 6.2.4.3.2. Market size and forecast, by Application
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Phase
- 6.3.3. Market size and forecast, by Application
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Market size and forecast, by Phase
- 6.3.4.1.2. Market size and forecast, by Application
- 6.3.4.2. UK
- 6.3.4.2.1. Market size and forecast, by Phase
- 6.3.4.2.2. Market size and forecast, by Application
- 6.3.4.3. France
- 6.3.4.3.1. Market size and forecast, by Phase
- 6.3.4.3.2. Market size and forecast, by Application
- 6.3.4.4. Italy
- 6.3.4.4.1. Market size and forecast, by Phase
- 6.3.4.4.2. Market size and forecast, by Application
- 6.3.4.5. Spain
- 6.3.4.5.1. Market size and forecast, by Phase
- 6.3.4.5.2. Market size and forecast, by Application
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by Phase
- 6.3.4.6.2. Market size and forecast, by Application
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Phase
- 6.4.3. Market size and forecast, by Application
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Phase
- 6.4.4.1.2. Market size and forecast, by Application
- 6.4.4.2. Japan
- 6.4.4.2.1. Market size and forecast, by Phase
- 6.4.4.2.2. Market size and forecast, by Application
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by Phase
- 6.4.4.3.2. Market size and forecast, by Application
- 6.4.4.4. South Korea
- 6.4.4.4.1. Market size and forecast, by Phase
- 6.4.4.4.2. Market size and forecast, by Application
- 6.4.4.5. Australia
- 6.4.4.5.1. Market size and forecast, by Phase
- 6.4.4.5.2. Market size and forecast, by Application
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Phase
- 6.4.4.6.2. Market size and forecast, by Application
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Phase
- 6.5.3. Market size and forecast, by Application
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Market size and forecast, by Phase
- 6.5.4.1.2. Market size and forecast, by Application
- 6.5.4.2. Saudi Arabia
- 6.5.4.2.1. Market size and forecast, by Phase
- 6.5.4.2.2. Market size and forecast, by Application
- 6.5.4.3. South Africa
- 6.5.4.3.1. Market size and forecast, by Phase
- 6.5.4.3.2. Market size and forecast, by Application
- 6.5.4.4. Rest of LAMEA
- 6.5.4.4.1. Market size and forecast, by Phase
- 6.5.4.4.2. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product mapping of top 10 player
- 7.4. Competitive dashboard
- 7.5. Competitive heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. General Electric
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.2. Toshiba Corporation.
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.3. ABB Ltd.
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.4. Eaton Corporation plc
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.5. Siemens AG
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.6. Sensus
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.7. holley metering ltd.
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.8. Melrose Industries PLC
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.9. Wasion Holdings Limited.
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.10. Aclara Technologies LLC
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance