Power Metering Market, By Type (Smart, Digital, and Analog), By Phase Type (Single-phase and Three-phase), By End User (Residential, Commercial, and Industrial), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The power metering market is estimated to be valued at USD 12.72 Bn in 2024 and is expected to reach USD 19.25 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 12.72 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.10%	2031 Value Projection:	US$ 19.25 Bn

Figure. Power Metering Market Share (%), By Region 2024

The global power metering market has witnessed significant growth in recent years due to the increasing focus on grid infrastructure development and the adoption of smart grid technologies. Power metering solutions help utilities monitor energy consumption patterns and power quality in real-time. They facilitate more efficient demand management and help reduce non-technical losses. With rising energy costs and growing environmental concerns, accurate metering has become critical for energy savings and conservation. The market has been driven by supportive government policies and regulations promoting smart grid projects and advanced metering infrastructure. Ongoing technological advancements in metering technologies such as the integration of communication capabilities and IoT are further expanding the potential of this market.

Market Dynamics:

The power metering market is growing at a rapid pace globally. The key drivers contributing to the market growth include growing investments in smart grid projects for modernizing aging power infrastructure, stringent regulations mandating the deployment of smart meters. Rising focus on energy conservation with the help of advanced metering solutions, and increasing adoption of renewable energy sources which is elevating the need for improved grid monitoring and control. However, high initial installation and maintenance costs of smart meters pose a major challenge to the market. Cybersecurity issues concerning meters connected through communication networks is another restraining factor. The market players have significant opportunities from emerging economies investing heavily in power grid upgrade programs. Rapid technological advancements in metering technologies will further open up new avenues. The adoption of cloud computing, big data analytics, and integration of metering solutions with home energy management systems are some lucrative prospects.

Key Features of the Study:

This report provides in-depth analysis of the global power metering market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global power metering market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include General Electric, Itron, Toshiba Corporation, Melrose Industries plc., Wasion Group Holdings Ltd., ABB, Eaton Corporation Plc, Siemens AG, Holley Metering, Aclara Technologies LLC, Kamstrup AS , HPL India, Power India Meters, Schneider Electric, Techno Meters & Electronics, Genus Power Company, Eastron Electronic Co., Ltd., Camax Ltd, Autometers Systems, and Holley Tech UK
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global power metering market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global power metering market

Detailed Segmentation-

By Type:
- Smart
- Digital
- Analog
By Phase Type:
- Single-phase
- Three-phase
By End-User:
- Residential
- Commercial
- Industrial
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- General Electric
- Itron
- Toshiba Corporation
- Melrose Industries plc.
- Wasion Group Holdings Ltd.
- ABB
- Eaton Corporation Plc
- Siemens AG
- Holley Metering
- Aclara Technologies LLC
- Kamstrup AS
- HPL India
- Power India Meters
- Schneider Electric
- Techno Meters & Electronics
- Genus Power Company
- Eastron Electronic Co., Ltd.
- Camax Ltd
- Autometers Systems
- Holley Tech UK

Product Code: CMI7137

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Phase Type
- Market Snippet, By End-User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Power Metering Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Power Metering Market
Impact Analysis

5. Global Power Metering Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Smart
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Digital
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Analog
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Power Metering Market, By Phase Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Single-phase
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Three-phase
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Power Metering Market, By End-User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

8. Global Power Metering Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Phase Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-User, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Phase Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-User, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Phase Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-User, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Phase Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-User, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Phase Type, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By End-User, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- General Electric
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Itron
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Toshiba Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Melrose Industries plc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Wasion Group Holdings Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- ABB
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Eaton Corporation Plc
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Siemens AG
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Holley Metering
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Aclara Technologies LLC
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Kamstrup AS
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- HPL India
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Power India Meters
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Schneider Electric
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Techno Meters & Electronics
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Genus Power Company
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Eastron Electronic Co., Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Camax Ltd
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Autometers Systems
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Holley Tech UK
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Power Metering Market" - Global forecast to 2031.