Digital power meters are next-generation meters that provide precise readings of electricity consumption and are generally installed in households or in enterprises to maintain detailed statistics on energy consumption.
One of the primary drivers for this market is the rise in the deployment of smart grid projects. Smart grids include grid applications such as smart power meters, supervisory control and data acquisition (SCADA) systems, IT, and other communication networks. These devices enable utilities to have complete control and manage the digital assets that are present in the field. The smart grid networking systems enable a utility to analyze and map the energy consumption patterns of its customers, thereby helping in load forecasting and peak demand management along with risk determination. Also, it enables the reduction of power outages by providing detailed information about the functioning status of the power system network. With rapid development in smart grid-related equipment and solutions, management of huge data volumes has become a major concern among power utilities. This development of the smart grid projects worldwide is expected to propel growth in the global digital power meter market during the forecast period.
The market is fragmented with the presence of many well-diversified international, regional, and local manufacturers, and the competition among these players is intense. In several developing and underdeveloped countries, local or regional manufacturers dominate the market. With the global players increasing their footprint in the market with their huge infrastructure and R&D support, it has become extremely difficult for regional players to compete in terms of reliability, technology, and price.
In 2019, the market size of Digital Power Meter is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Digital Power Meter.
This report studies the global market size of Digital Power Meter, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Digital Power Meter production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Itron
Landis+Gyr
Schneider Electric
Sensus
Advanced Electronics Company
EKM Metering
Elster Group (owned by Honeywell)
Holley Metering
Jiaxing Eastron Electronic Instruments
Kamstrup
LINYANG Energy
Murata Power Solutions
Simpson Electric
Market Segment by Product Type
Digital Meter Type
Electrical Meter Type
Electromechanical Meter Type
Electronic Meter Type
Market Segment by Application
Residential
Commercial
Industrial
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Digital Power Meter status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Digital Power Meter manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Digital Power Meter are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Digital Power Meter. Industry analysis & Market Report on Digital Power Meter is a syndicated market report, published as Global (United States, European Union and China) Digital Power Meter Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Digital Power Meter market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.