Global Power Metering Market was valued at US$ 14.2Bn in 2020 and is expected to reach US$ 29.4Bn by 2026 at a CAGR of 9.5% during a forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global Power Metering Market To know about the Research Methodology:-Request Free Sample Report The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global power metering market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global power metering market. Power metering is an electronic device that measures energy consumption & is designed for billing and monitoring drives. The power metering replaces electric meters while offering related data metrics. Features such as environmental concerns, technological up-gradation, and low maintenance cost, and two-way communication as compared to electric meter as well as very high operating efficiency is a factor driving the power metering market globally. Increasing demand for power metering as well as governments focus on grid infrastructure are some of the main reasons behind the growing global power metering market. However, issues related to privacy and standardization of the power meter act as barriers for the global power metering market.

Global Power Metering Market Segment Analysis:

The residential sub-segment based on the application segment is dominating the global power metering market. The major market is captured by the residential sector because of utilization of meters in all households. Growing construction and industrial activities along with the replacement market of old and technologically outdated meters is the main driver of the market. Furthermore, numerous government regulations to replace ageing digital meters with smart meters are pushing the market towards growth. While issues related to privacy and standardization of the power meter act as barriers for the residential segment.

Global Power Metering Market Regional

Region-wise, the Asia-Pacific is expected as the emerging market for power metering. Government project such as ‘smart city’ in India contributes to the growth of the power metering market globally. Main factors such as a rise in construction spending, increasing industrial activities, and enhancement of the grid infrastructure of the region give new ways for the growth of the region. Emerging economies, for instance, China and Japan are focusing on grabbing the major market. However, North America is one of the leading markets for the global power metering market. Growing infrastructure and government projects boost the power metering market.

Global Power Metering Market, Key Highlights:

• Global Power Metering Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Power Metering Market • Global Power Metering Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Power Metering Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Power Metering Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Power Metering Market are also profiled. The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.

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Global Power Metering Market, by Type

• Smart • Digital • Analog

Global Power Metering Market, by Phase

• Single Phase • Three Phase

Global Power Metering Market, by Application

• Commercial • Industrial • Residential

Global Power Metering Market, by Region

• North America • Europe • Asia-Pacific • Middle East and Africa • South America

Global Power Metering Market Key Players

• ABB • Aclara Technologies LLC • Eaton • Honeywell International Inc. • General Electric • Kamstrup A/S • Toshiba Energy Systems & Solutions Corporation • Schneider Electric • Sensus • Siemens AG • Itron • Melrose Plc • Wasion Group Holdings Ltd. • Holley Metering • Jiangsu Linyang Electronics Co. Ltd.