Defines, Segments, Analyzes, and Forecasts the global power metering market. Power Metering Market It also identifies the driving and restraining factors of the power metering market, with an analysis of trends, opportunities, burning issues, and winning imperatives.
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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.
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Governments of the emerging economies in an attempt to provide clean water, sanitation, and living facilities are investing heavily in the development of the infrastructure of their respective regions. This would result in an increase in the number of construction activities, acting as a catalyst for the power metering market.
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According to an estimate, China along with India in the Asia-Pacific region spent more than USD 1.7 Trillion on construction activities in 2012. Consequently, the region held the largest market share of more than 40% in 2014, and is expected to grow at a high CAGR of more than 8% from 2015 to 2020 to occupy a market share of 46% by 2020.
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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.
“Power Metering Market” spread across 208 pages, profiling 18 companies and supported with 96 tables and 52 figures is inquire for complete report @ www.reportsnreports.com/contacts/i….aspx?name=405899
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.
Key Point from Table of Content
6 Power Metering Market, By Application
6.1.1 Residential Power Metering Market
6.1.2 Commercial Power Metering Market
6.1.3 Industrial Power Metering Market
7 Power Metering Market, By Type
7.1.1 Smart Meter
7.1.2 Digital Meter
7.1.3 Analog Meter
7.1.4 Others Market
8 Power Metering Market, By Phase
8.1.1 Single Phase Power Metering Market
8.1.2 Three Phase Power Metering Market
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