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.
Scope of the Report:This report focuses on the Digital Power Meter in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
One of the primary drivers for this market is the rise in the deployment of smart grid projects. Smart grids include grid applications such asÊsmart power meters, supervisory control and data acquisition (SCADA) systems,ÊIT, and other communication networks. These devices enable utilities to have complete control and manage the digital assets that are present in the field. TheÊsmart gridÊnetworking systems enable a utility to analyze and map theÊenergyÊconsumption patterns of its customers, thereby helping in load forecasting and peak demand management along with risk determination. Also, it enables the reduction ofÊpowerÊoutages by providing detailed information about the functioning status of the power system network. With rapid development inÊsmart grid-related equipmentÊand 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 globalÊdigital power meterÊmarket 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. Ê
The worldwide market for Digital Power Meter is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2025, from xx million US$ in 2020, according to a new study.
Market Segment by Manufacturers, this report covers 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 Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers DigitalÊMeter Type
ElectricalÊMeter Type
ElectromechanicalÊMeter Type
ElectronicÊMeter Type
Market Segment by Applications, can be divided into Residential
Commercial
Industrial
There are 15 Chapters to deeply display the global Digital Power Meter market.
Chapter 1, to describe Digital Power Meter Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Digital Power Meter, with sales, revenue, and price of Digital Power Meter, in 2018 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2018 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Digital Power Meter, for each region, from 2015 to 2020;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2015 to 2020;
Chapter 12, Digital Power Meter market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025;
Chapter 13, 14 and 15, to describe Digital Power Meter sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
