Market Overview:
The global power metering market reached a value of US$ 20.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29.59 Billion by 2027, exhibiting at a CAGR of 5.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A power meter is a fast, accurate, and easy-to-use instrument used to measure electrical power cost-effectively. It finds various applications, ranging from testing production line electric devices and evaluating large current equipment to quality assurance and assessing battery and direct current (DC) driven devices. It is also used to efficiently measure power requirements in industrial motors, rotating machinery, and calibration labs. Nowadays, state-of-the-art power metering systems equipped with modern and intuitive user interfaces are gaining traction across the globe.
Power Metering Market Trends:
A significant rise in the consumption of electricity around the world on account of rapid urbanization, the growing global population, and increasing reliance on electrical appliances represents one of the key factors impelling the market growth. Moreover, governing authorities of numerous countries are investing in upgrading the existing grid infrastructure, which is contributing to the use of power metering systems to measure grid power. Apart from this, the escalating demand for energy in both commercial and industrial sectors is driving the market growth. Furthermore, smart metering is gaining widespread adoption on account of its low cost, high reliability, reduced risk of tampering, and lower carbon emissions. It also aids utilities and energy distributors to manage their supply and demand in real-time and minimize wastage. Besides this, major players in the market are introducing advanced power metering systems that can be connected via a web app to laptops or smartphones to simplify the operation and enable remote monitoring. They are also offering ultraportable, Universal Serial Bus (USB) powered solutions that enable frequency-based power measurements. Such innovations are projected to positively influence the demand for power meters worldwide.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global power metering market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on phase, technology and end use.
Breakup by Phase:
Breakup by Technology:
- Analog Meters
- Digital Meters
- Smart Meters
Breakup by End Use:
- Residential
- Commercial
- Industrial
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Eaton Corporation PLC, General Electric Company, Holley Technology Ltd., Honeywell International Inc., Itron Inc., Jiangsu Linyang Energy Co.Ltd., Ningbo Sanxing Medical Electric Co.Ltd., Schneider Electric SE, Sensus USA Inc. (Xylem Inc.), Siemens AG, and Toshiba Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Phase, Technology, End Use, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
ABB Ltd, Eaton Corporation PLC, General Electric Company, Holley Technology Ltd., Honeywell International Inc., Itron Inc., Jiangsu Linyang Energy Co.Ltd., Ningbo Sanxing Medical Electric Co.Ltd., Schneider Electric SE, Sensus USA Inc. (Xylem Inc.), Siemens AG, and Toshiba Corporation. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Power Metering Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Phase
6.1 Single Phase
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Three Phase
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1 Analog Meters
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Digital Meters
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Smart Meters
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End Use
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Ltd
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Eaton Corporation PLC
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 General Electric Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Holley Technology Ltd.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Honeywell International Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Itron Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Jiangsu Linyang Energy Co.Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Ningbo Sanxing Medical Electric Co.Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Schneider Electric SE
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Sensus USA Inc. (Xylem Inc.)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 SWOT Analysis
14.3.11 Siemens AG
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Toshiba Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Power Metering Market: Major Drivers and Challenges
Figure 2: Global: Power Metering Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Power Metering Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Power Metering Market: Breakup by Phase (in %), 2021
Figure 5: Global: Power Metering Market: Breakup by Technology (in %), 2021
Figure 6: Global: Power Metering Market: Breakup by End Use (in %), 2021
Figure 7: Global: Power Metering Market: Breakup by Region (in %), 2021
Figure 8: Global: Power Metering (Single Phase) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Power Metering (Single Phase) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Power Metering (Three Phase) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Power Metering (Three Phase) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Power Metering (Analog Meters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Power Metering (Analog Meters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Power Metering (Digital Meters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Power Metering (Digital Meters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Power Metering (Smart Meters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Power Metering (Smart Meters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Power Metering (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Power Metering (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Power Metering (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Power Metering (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Power Metering (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Power Metering (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Power Metering Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Power Metering Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Power Metering Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Power Metering Industry: SWOT Analysis
Figure 74: Global: Power Metering Industry: Value Chain Analysis
Figure 75: Global: Power Metering Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Power Metering Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Power Metering Market Forecast: Breakup by Phase (in Million US$), 2022-2027
Table 3: Global: Power Metering Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Power Metering Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Power Metering Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Power Metering Market: Competitive Structure
Table 7: Global: Power Metering Market: Key Players