Ozone Market Reports projects that the Power Metering market size will grow from USD 13.83 Billion in 2017 to USD 23.97 Billion by 2023, at an estimated CAGR of 9.6%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
A power meter is an electric device that measures energy consumption and enables uni as well as bi-directional communication, between the meter and the central system. The device reads and stores data of the number of units of electricity consumed in intervals, and communicates this information back to the utility for billing and monitoring purposes. Growing environmental concerns, technological upgradation of the old grid infrastructure, low maintenance cost, and two-way communication are few of the major drivers pushing smart meters installations in various developed regions such as North America and Europe. Each region has been analyzed with respect to its market trends, growth, and future prospects, in terms of the power metering market. This report basically aims to estimate the global market for power metering from 2018 to 2023.
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By Market Players:
General Electric , Itron Inc. , Melrose PLC. , Toshiba Corporation , Wasion Group Holdings Limited , ABB Limited , Eaton Corporation , Holley Metering Limited. , Honeywell International Inc. , Jiangsu Linyang Electronics Co., Ltd. , Ningbo Sanxing Electric Co., Ltd. , Schneider Electric , Sensus , Siemens AG. , , , , , ,
Residential, Commercial, Industrial, ,
Smart Meter, Digital Meter, Analog Meter, Others,
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Single Phase, Three Phase, , ,
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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