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Power Metering Market was valued at US$ 18.67 Bn in 2021 and is expected to reach US$ 38.60 Bn by 2029 at a CAGR of 9.5% during a forecast period.
Power Metering Market Overview:
The Power Metering market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry's leading competitors. The scope of the research includes a full assessment of the Power Metering Market, as well as the reasons for variations in the industry's growth across a number of sectors.
Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
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Segmentation:
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global power metering market dynamics, structure by identifying and analysing the market segments and project the global market size.
Region-wise, the Asia-Pacific is expected as the emerging market for power metering. Government project such as ‘smart city’ in India contributes to the growth of the power metering market globally. Main factors such as a rise in construction spending, increasing industrial activities, and enhancement of the grid infrastructure of the region give new ways for the growth of the region.
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Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Power Metering market are as follows:
• ABB
• Aclara Technologies LLC
• Eaton
• Honeywell International Inc.
• General Electric
• Kamstrup A/S
• Toshiba Energy Systems & Solutions Corporation
• Schneider Electric
• Sensus
• Siemens AG
• Itron
• Melrose Plc
• Wasion Group Holdings Ltd.
• Holley Metering
• Jiangsu Linyang Electronics Co. Ltd.
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Power Metering market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Power Metering Market:
End-user industries where Power Metering are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Power Metering manufacturers, affecting the Power Metering market's growth in 2020. End-user business demand for Power Metering has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Power Metering Market Report are:
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