Market Overview

The Global Power Metering Market was valued at USD 23,554.7 million in 2023 and is expected to reach USD 60,436.3 million by 2031 while growing at a CAGR of 12.5% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global power metering market growth. Power metering involves measuring and monitoring electrical power consumption in residential, commercial, and industrial settings. The goal is accurate measurement for billing, energy management, and efficiency improvements.

Increasing global demand for energy due to population growth, urbanization, and industrialization, along with the integration of renewable energy sources, propels the growth of the power metering market. However, challenges like high initial costs and lack of standardization may impede market expansion.

Furthermore, the global power metering industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By End User Analysis

The Global Power Metering Market is segmented among Residential, Commercial, and Industrial, based on End User. In 2023, Residential accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Technology Analysis

The Global Power Metering Market is segmented among Analog Meters, Digital Meters, and Smart Meters, based on Technology. In 2023, Smart Meters accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Power Metering Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are ABB Ltd, Eaton Corporation PLC, General Electric Company, Kamstrup AS, Toshiba Corporation, Schneider Electric SE, Aclara Technologies LLC, and Siemens AG.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Power Metering Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Power Metering Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Power Metering Market Segmentation, By End User

• Global Power Metering Market Share Analysis, By End User

• Global Power Metering Market Growth Analysis, By End User

• Global Power Metering Market Trends, By End User

o Residential

o Commercial

o Industrial

6. Global Power Metering Market Segmentation, By Technology

• Global Power Metering Market Share Analysis, By Technology

• Global Power Metering Market Growth Analysis, By Technology

• Global Power Metering Market Trends, By Technology

o Analog Meters

o Digital Meters

o Smart Meters

7. Global Power Metering Market Segmentation, By Region

• Global Power Metering Market Share Analysis, By Region

• Global Power Metering Market Growth Analysis, By Region

• Global Power Metering Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• ABB Ltd.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Eaton Corporation PLC

• General Electric Company

• Kamstrup AS

• Toshiba Corporation

• Schneider Electric SE

• Aclara Technologies LLC

• Siemens AG

 *Similar analysis will be provided for each company listed above.