NEW YORK, Jan. 14, 2016 /PRNewswire/ -- This report estimates the power metering market in terms of value in USD million and the number of units the meters shipped. This has been broken down into regions, and further split into countries.
The construction industry along with an increase in the electrification rate in various countries across the globe to provide better living standards would help drive the power metering market. 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 at intervals, and communicates this information back to the utility for billing and monitoring purposes. In addition, numerous government regulations to replace aging digital meters with smart meters across Europe by 2020 would act as a catalyst for the growth of the power metering market.
The size of the overall market has been determined by forecast techniques, based on region-wise demand for various types of meters such as smart, digital, and analog. The market is expected to grow at a CAGR of approximately 8.9% from 2015 to 2020.
The report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past four years. Market drivers, restraints, and opportunities of the market have been discussed in detail. The leading players of the market such as General Electric (U.S.), Itron (U.S.), Toshiba Corp. (Japan), Melrose Plc. (U.K.), Wasion Group Holdings Ltd. (China), Holley Metering (China), and Niangbo Sanxing Electric Co. Ltd. (China) have been profiled in this report.
Scope of the report: This study estimates the global power metering market in terms of application, type, and phase till 2020. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market. It also covers various important aspects of the market. These include analysis of value chain, Porter's Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the power metering market.
Various secondary sources such as encyclopedias, directories, and databases have been used to identify and collect information that was useful for this extensive commercial study of the global power metering market. Primary sources, experts, manufacturers, and service providers from the industry have been interviewed to obtain and verify critical information as well as assess future prospects of the global power metering market.
On the basis of application: Residential, Commercial, and Industrial. Residential is further split into urban and rural.
On the basis of phase: Single and three
On the basis of: Smart, Digital, and Analog
On the basis of region: North America, Europe, South America, Asia-Pacific, and the Middle-East & Africa
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