Power Metering is an electronic device that assists us in measuring the energy usage of all other equipment's which are used by us, like at home or offices. Power metering is intended for billing and monitoring electricity consumption expenses. Because of the data metrics that are highly relevant to calculate and power meters are considered considerably more useful than electric meters. When it comes to power metering market size it has an upgrade as well as degradation.
MARKET SCOPE
The "Global Power Metering Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Power metering market with detailed market segmentation by Power metering market. The global Power metering market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Power metering market players and offers key trends and opportunities in the market.
MARKET DYNAMICS
The Global Power Metering Market is projected to be worth USD 35.74 billion by 2028 AND registering a CAGR of 8.51% during the forecast period by 2028. The power metering market is raising rapidly, providing ample opportunity for profit growth. The increasing requirement for electric metering as well as government emphasis on great infrasture are two factors driving the market growth of Power metering market. Many advantages include low cost maintenance, two way communication, technical advancement, great operating efficiency and easy interpretation of data metrics and many other reasons for rising Power metering market.
MARKET SEGMENTATION
The Global Power Metering Market has been segmented into Type, Application and others. By Type consist of Smart, Digital, Analog and Others. By Application consist of Residential, Industrial and Commercial. By others like Regions.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Power metering market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Power metering market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Power metering market in these regions.
COVIDE-19 IMPACT ON THE MARKET
The Power Metering market has been properly marked that the up gradation of the market has stepped down during the covid-19 pandemic. The long time down has affected every sector of business or industries including this power metering market. The involvement of people in and out the house has decreased to a very large extent. When there was no demand, manufacturing doesn't even exist as a process due to lockdown and price to increase due to the less demand.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Power metering market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Power metering market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Power metering market in these regions.
COVIDE-19 IMPACT ON THE MARKET
The Power Metering market has been properly marked that the up gradation of the market has stepped down during the covid-19 pandemic. The long time down has affected every sector of business or industries including this power metering market. The involvement of people in and out the house has decreased to a very large extent. When there was no demand, manufacturing doesn't even exist as a process due to lockdown and price to increase due to the less demand.
MARKET PLAYERS
The report covers vital developments in the Power metering Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Power Metering Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Power metering market in the global market. Below mentioned is the list of a few companies engaged in the Power metering Market. The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Power metering market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- ABB Ltd
- Eaton Corporation
- General Electric
- Honeywell International Inc.
- Itron
- Melrose Plc.
- Siemens AG
- Schneider Electric SE
- Toshina Crop.
- Wasion Group Holding Ltd.
The Insight Partners dedicated research and analysis team consist of experienced professionals with aditronvanced statistical expertise and offer various customization options in the existing stud.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Power Metering Market - By Type
1.3.2Power Metering Market - By Application
1.3.3Power Metering Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.POWER METERING MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.EXPERT OPINIONS
5.POWER METERING MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.POWER METERING MARKET - GLOBAL MARKET ANALYSIS
6.1.POWER METERING - GLOBAL MARKET OVERVIEW
6.2.POWER METERING - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.POWER METERING MARKET - REVENUE AND FORECASTS TO 2028 " TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.SMART
7.3.1.Overview
7.3.2.Smart Market Forecast and Analysis
7.4.DIGITAL
7.4.1.Overview
7.4.2.Digital Market Forecast and Analysis
7.5.ANALOG
7.5.1.Overview
7.5.2.Analog Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.POWER METERING MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.RESIDENTIAL
8.3.1.Overview
8.3.2.Residential Market Forecast and Analysis
8.4.INDUSTRIAL
8.4.1.Overview
8.4.2.Industrial Market Forecast and Analysis
8.5.COMMERCIAL
8.5.1.Overview
8.5.2.Commercial Market Forecast and Analysis
9.POWER METERING MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Power Metering Market Overview
9.1.2North America Power Metering Market Forecasts and Analysis
9.1.3North America Power Metering Market Forecasts and Analysis - By Type
9.1.4North America Power Metering Market Forecasts and Analysis - By Application
9.1.5North America Power Metering Market Forecasts and Analysis - By Countries
9.1.5.1United States Power Metering Market
9.1.5.1.1United States Power Metering Market by Type
9.1.5.1.2United States Power Metering Market by Application
9.1.5.2Canada Power Metering Market
9.1.5.2.1Canada Power Metering Market by Type
9.1.5.2.2Canada Power Metering Market by Application
9.1.5.3Mexico Power Metering Market
9.1.5.3.1Mexico Power Metering Market by Type
9.1.5.3.2Mexico Power Metering Market by Application
9.2.EUROPE
9.2.1Europe Power Metering Market Overview
9.2.2Europe Power Metering Market Forecasts and Analysis
9.2.3Europe Power Metering Market Forecasts and Analysis - By Type
9.2.4Europe Power Metering Market Forecasts and Analysis - By Application
9.2.5Europe Power Metering Market Forecasts and Analysis - By Countries
9.2.5.1Germany Power Metering Market
9.2.5.1.1Germany Power Metering Market by Type
9.2.5.1.2Germany Power Metering Market by Application
9.2.5.2France Power Metering Market
9.2.5.2.1France Power Metering Market by Type
9.2.5.2.2France Power Metering Market by Application
9.2.5.3Italy Power Metering Market
9.2.5.3.1Italy Power Metering Market by Type
9.2.5.3.2Italy Power Metering Market by Application
9.2.5.4Spain Power Metering Market
9.2.5.4.1Spain Power Metering Market by Type
9.2.5.4.2Spain Power Metering Market by Application
9.2.5.5United Kingdom Power Metering Market
9.2.5.5.1United Kingdom Power Metering Market by Type
9.2.5.5.2United Kingdom Power Metering Market by Application
9.2.5.6Russia Power Metering Market
9.2.5.6.1Russia Power Metering Market by Type
9.2.5.6.2Russia Power Metering Market by Application
9.2.5.7Rest of Europe Power Metering Market
9.2.5.7.1Rest of Europe Power Metering Market by Type
9.2.5.7.2Rest of Europe Power Metering Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Power Metering Market Overview
9.3.2Asia-Pacific Power Metering Market Forecasts and Analysis
9.3.3Asia-Pacific Power Metering Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Power Metering Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Power Metering Market Forecasts and Analysis - By Countries
9.3.5.1Australia Power Metering Market
9.3.5.1.1Australia Power Metering Market by Type
9.3.5.1.2Australia Power Metering Market by Application
9.3.5.2China Power Metering Market
9.3.5.2.1China Power Metering Market by Type
9.3.5.2.2China Power Metering Market by Application
9.3.5.3India Power Metering Market
9.3.5.3.1India Power Metering Market by Type
9.3.5.3.2India Power Metering Market by Application
9.3.5.4Japan Power Metering Market
9.3.5.4.1Japan Power Metering Market by Type
9.3.5.4.2Japan Power Metering Market by Application
9.3.5.5South Korea Power Metering Market
9.3.5.5.1South Korea Power Metering Market by Type
9.3.5.5.2South Korea Power Metering Market by Application
9.3.5.6Rest of Asia-Pacific Power Metering Market
9.3.5.6.1Rest of Asia-Pacific Power Metering Market by Type
9.3.5.6.2Rest of Asia-Pacific Power Metering Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Power Metering Market Overview
9.4.2Middle East and Africa Power Metering Market Forecasts and Analysis
9.4.3Middle East and Africa Power Metering Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Power Metering Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Power Metering Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Power Metering Market
9.4.5.1.1South Africa Power Metering Market by Type
9.4.5.1.2South Africa Power Metering Market by Application
9.4.5.2Rest of Middle East and Africa Power Metering Market
9.4.5.2.1Rest of Middle East and Africa Power Metering Market by Type
9.4.5.2.2Rest of Middle East and Africa Power Metering Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Power Metering Market Overview
9.5.2South and Central America Power Metering Market Forecasts and Analysis
9.5.3South and Central America Power Metering Market Forecasts and Analysis - By Type
9.5.4South and Central America Power Metering Market Forecasts and Analysis - By Application
9.5.5South and Central America Power Metering Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Power Metering Market
9.5.5.1.1Brazil Power Metering Market by Type
9.5.5.1.2Brazil Power Metering Market by Application
9.5.5.2Rest of South and Central America Power Metering Market
9.5.5.2.1Rest of South and Central America Power Metering Market by Type
9.5.5.2.2Rest of South and Central America Power Metering Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.POWER METERING MARKET, KEY COMPANY PROFILES
11.1.ABB LTD
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.EATON CORPORATION
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.GENERAL ELECTRIC
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.HONEYWELL INTERNATIONAL INC.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.ITRON
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.MELROSE PLC.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.SIEMENS AG
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SCHNEIDER ELECTRIC SE
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.TOSHINA CROP.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.WASION GROUP HOLDING LTD.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.ABB Ltd
2.Eaton Corporation
3.General Electric
4.Honeywell International Inc.
5.Itron
6.Melrose Plc.
7.Siemens AG
8.Schneider Electric SE
9.Toshina Crop.
10.Wasion Group Holding Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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