Power metering equipment are devices, which when installed measures electricity consumption. Furthermore, the power meters provide accurate reading as opposed to electric meters. Besides this, the power meters offer relevant data metrics.
Increasing demand of power metering in countries such as South Africa, India and Brazil are driving the market. Furthermore, government is focusing more grid infrastructure by installing towers and enabling people have access to electricity. This factor has contributed to the growth of the market worldwide. Rising environmental concerns and ongoing technological upgrades of the conventional infrastructure are likely to create greater opportunities in the power metering market. Besides this, with technologically smart meters replacing the conventional digital meters the future of the market looks robust.
The power metering market is segmented based on application, phase and geography. The applications covered in the market research report includes commercial, residential and industrial usage. The phases discussed during the study are single and three phase meters. Regions including North America, Europe, Asia -Pacific and LAMEA would witness rapid growth.
The key market players active in the power metering sectors are General Electric, Toshiba, Melrose Industries, Wasison Group Holdings, ABB, Eaton, Holley Metering, Sensus USA and Siemens.
KEY BENEFITS FOR STAKEHOLDERS
POWER METERING KEY MARKET SEGMENTS