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The global power metering market was valued at US$ 20.63 Billion in 2021.
We expect the global power metering market to exhibit a CAGR of 5.8% during 2022-2027.
The development of advanced power metering systems, which are connected via web apps to
laptops or smartphones, to simplify the operation and enable remote monitoring, is currently driving
the global power metering market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in subsequent effects on energy cost across
residential, commercial, and industrial sectors.
Based on the phase, the global power metering market has been categorized into single phase and
three phase. Currently, single phase power meter represents the majority of the total market share.
Based on the end use, the global power metering market can be bifurcated into residential,
commercial, and industrial. Among these, the residential sector accounts for the largest market
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global power metering market include 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.
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