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Energy Meter Market by Type (Electromechanical Meters and Electronic Meters), by Price (Low, Medium Energy Meter Market, and High), by Application (Residential, Commercial, and Industrial), by Distribution Channel (Online and Offline): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Covid-19

Global Energy Meter Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[193+ Pages Report] According to a Facts and Factors market research report, the global energy meter market was estimated to be USD 9.21 Billion in the year 2020; and the revenue is projected to reach about USD 13.12 Billion by the end of 2026, increasing at a CAGR of around 6.07% from 2021 to 2026.

logoMarket Overview

Energy meters are measuring devices that are used to determine the amount of electricity consumed in various areas such as residential, industrial, and commercial buildings. The energy provider typically installs this meter to measure consumption volume and calculate the amount to be invoiced to the customer.

logoIndustry Growth Factors

The rising number of government initiatives to develop advanced infrastructure for consistent delivery of energy and power to underdeveloped regions, as well as the high level of construction and industrialization activities in the global region, which has been one of the major applications for energy meters, will propel the market forward. For instance, by 2022, India intends to set up energy meters across its rural and semi-urban network to avoid losses. Government efforts like these will help the market develop during the forecast period. Consumer preference for smart meters over traditional meter variations and technologies has boosted the growth of the energy meter market, and it is predicted to be one of the most important growth drivers in the forecasted period.

Developing countries where infrastructure expansion is very intensive are also a growth factor where urbanizing the cities and industrial infrastructure are taking place, and many under-construction projects are installing energy meter market as a default electricity connection.

Energy Meter Market

logoSegmentation Analysis

On the basis of type, the energy meter market is segmented into electromechanical meters and electronic meters. On the basis of price, the energy meter market is segmented into low, medium, and high. On the basis of application, the energy meter market is segmented into residential, commercial, and industrial. On the basis of distribution channels, the energy meter market is segmented online and offline.

logo Regional Analysis

Asia Pacific is considered to be one of the promising markets for the energy meter market because of the developing countries that it constitutes.

logo Competitive Players

Some of the major market players in the energy meter market are Iberdrola, SMA Australia, Landis+Gyr, PayGo Energy, Conlog, Secure Meters, Eaton, CAREL, E.ON, EDMI Limited, Hexing Electrical Company Ltd, El Sewedy Electrometer Group, CIRCUTOR, Holley Metering, Elster GmbH, Exceleron, HCL, Itron Inc., and Siemens AG among others.

logo By Type Segmentation Analysis:

  • Electromechanical Meters
  • Electronic Meters

logo By Price Segmentation Analysis

  • Low
  • Medium
  • High

logo By Application Segmentation Analysis:

  • Residential
  • Commercial
  • Industrial

logo By Distribution Channel Segmentation Analysis:

  • Online
  • Offline

logo Regional Segmentation Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Covid-19

Energy Meter Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Iberdrola
  • SMA Australia
  • Landis+Gyr
  • PayGo Energy
  • Conlog
  • Secure Meters
  • Eaton
  • CAREL
  • E.ON
  • EDMI Limited
  • Hexing Electrical Company Ltd
  • El Sewedy Electrometer Group
  • CIRCUTOR
  • Holley Metering
  • Elster GmbH
  • Exceleron
  • HCL
  • Itron Inc.
  • Siemens AG

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Energy Meter Market.
According to Facts and Factors research report, the global Energy Meter Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Energy Meter Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Energy Meter Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Energy Meter Market in North America over coming decade.
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