“Latest Market Overview for Power Metering Market Research Report 2018-2023 with CAGR XX%
Global Power Metering Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Power Metering market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Aclara Technologies LLC
- Honeywell International Inc.
- General Electric
- Kamstrup A/S
- Toshiba Energy Systems & Solutions Corporation
- Schneider Electric
- Siemens AG
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Description of Power Metering Market: The power metering market is driven by the increasing urbanization across several developing countries. Owing to energy saving benefits, smart grid program in countries, such as China, India, the United States, the United Kingdom, Japan, South Korea, and others, have boosted the market studied. Sub-Saharan African countries are also witnessing significant urbanization and electrification rates.
Smart Grid Deployment Driving the Demand for Smart Meters
The smart grid market is maturing. In 2016, the utilities invested for the deployment of smart meters were worth more than USD 10 billion, pushing the total number of installations to 700 million. More than half of the deployment was recorded in China. Both developing and developed economies, such as China, India, and the United States, have introduced their smart grid plans to meet the increasing electricity demand, reduce the transmission and distribution losses (especially in Asia-Pacific), and establish a two-way communication to manage the consumption trend. As a result, the smart grid deployment programs are expected to drive the demand for smart meters.
Asia-Pacific to be the Largest Segment
Asia-Pacific is expected to be the largest segment for power meter, owing to the urbanization in India and China. Over the last few years, China has been one of the leaders in terms of deploying power meters, due to the increasing urbanization and growing service sector. The real estate sector in India is experiencing significant growth, accompanied by booming urban and semi-urban accommodations, increasing corporate environment, and demand for office space. The Indian real estate market is expected to grow by 40% during 2015 to 2020, thus creating a significant demand for power meter in the infrastructure sector. Due to urbanization and increasing access to electricity for the populace, small regions, like Sub-Saharan Africa, are also expected to witness significant demand.
The United States is one of the Largest Segments
The United States is not focusing on the generation of electricity, as consumption patterns have not altered much. Instead, the country emphasizes on the deployment of smart grid solutions. Electric companies have installed 65 million smart meters, covering more than 50% of the total US households, by 2015. Deployment reached approximately 70 million smart meters by the end of 2016 and is projected to reach 90 million by 2020. If smart grids are fully deployed across the United States, the country expects to save USD 130 billion annually, by 2019. Further, Canada, with a 100% electrification rate, has installed smart meters across about 70% of the country.
Reasons to Purchase this Report
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The Global demand for Power Metering Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Following market aspects are enfolded in Global Power Metering Market Report:
- A wide summarization of the Global Power Metering Market.
- The present and forecasted regional market size data based on applications, types, and regions.
- Market trends, drivers and challenges for the Global Power Metering Market.
- Analysis of company profiles of Top major players functioning in the market.
Power Metering Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Power Metering Market players in detail. Power Metering Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Which are the important factors that are mentioned in the Power Metering Market report 2023?
- Key Market Dynamics: The Global Power Metering Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
- Major Growth Prospects:The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
- Key Market Highlights: The report gives us an in-depth Market analysis on some of the Power Metering Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
Browse Detailed TOC, Tables, Figures, Charts, and Companies Mentioned in this Market Research Report @ https://360researchreports.com/Power Metering-13102384
The growth of this market worldwide is subjected to various factors; including consumer world-class Power Metering Market of many Power Metering Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.