PUBLISHER: Value Market Research | PRODUCT CODE: 1342827
PUBLISHER: Value Market Research | PRODUCT CODE: 1342827
The global demand for Energy Measurement IC Market is presumed to reach the market size of nearly USD 16.96 BN by 2030 from USD 7.48 BN in 2022 with a CAGR of 9.52% under the study period of 2023 - 2030.
Energy measuring IC is used for accurate electrical energy measurement in a single, dual, and three-phase power line system. It can help calculate active, reactive, and apparent energy. It can also calculate instantaneous RMS voltage and current while measuring line voltage and current. In addition, energy measurement ICs help figure out the difficulties of next-gen smart meter systems.
There is a rise in demand for energy measurement IC from energy distribution firms to enable accurate time network diagnostics and fast fault identification. The rising usage of smart meters propels the demand for energy measurement IC. The shift in demand towards electric vehicles is another cause for the rise in the energy measurement IC market, as EV charging stations use smart meters. The rising usage of polyphase electricity meters is a cause for the increase in demand for energy measurement IC. Due to the rise in demand for solar power, which reduces carbon footprint, the demand for energy measurement IC has increased. Increase in technological advancements in electric metering and substation automation are factors that are expected to be the reasons for the growth of the energy measurement IC market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of energy measurement ic. The growth and trends of Energy Measurement IC Industry provide a holistic approach to this study.
This section of the energy measurement ic market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Energy Measurement IC market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the energy measurement ic market include Analog Devices Inc., Arch Meter Corporation, Cirrus Logic Inc., Microchip Technology Inc., NXP Semiconductors N.V., Renesas Electronics Corporation, Shanghai Belling Corp. Ltd., Shenzhen Heliwei Technology Co. Ltd., STMicroelectronics N.V., Texas Instruments Incorporated. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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