ELECTRICITY METERS MARKET ANALYSIS

An electricity meter, power meter, electrical meter, kilowatt meter, direct current meter or solar panel meter is a small device which measures the amount of electrical energy used in a home, an industry, or an electrically operated appliance. These types of devices are commonly referred to as electricity meters, direct power meters, and solar panels meters. Electricity and gas prices are always important factors to consider when purchasing any kind of appliances and systems.

One of the benefits offered by smart metering systems is the ability to obtain accurate and up-to-date pricing information. Through smart metering, customers can receive invoices via email that indicate their monthly consumption in kilowatts. Customers can also monitor and track their usage using the system's online portal. This allows for easy billing correction, maintenance and account reconciliation. Customers can also easily determine if they are paying for services in accordance with their billing period.

 Market Dynamics:

Increasing deployment of smart meters is expected to propel growth of the global electricity meters market over the forecast period. For instance, in September 2020, ADD GRUP, together with its partners Intrarom S.A. and Adrem SRL finalized the contract for delivery and deployment of 10 000 ADDAX smart meters to Distributie Energie Oltenia S.A. (DEO), Romania.

Major players operating in the global electricity meters market are focused on enhancing the security capabilities of their solutions. For instance, in June 2021, Networked Energy Solutions selected the Cryptsoft KMIP Key Management SDK to enhance the security capabilities of their advanced metering infrastructure solutions.

Major players in the market are also focused on adopting partnership strategies to enhance their market share. For instance, in June 2020, Itron, Inc. successfully closed the previously announced agreement to partner with Accell as Itron’s regional partner and lead distributor for the Latin America region, giving access to Itron’s full suite of solutions, including networked solutions, analytics, smart cities and outcomes offerings.

Key features of the study:

• This report provides in-depth analysis of the global electricity meters market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global electricity meters market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Siemens AG, Holley Metering Ltd., Schneider Electric SA, Itron, General Electric, Landis+Gyr, Delixi Group Co. Ltd., and Jiangsu Linyang Electronics Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global electricity meters market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electricity meters market

Detail Segmentation

• Global Electricity Meters Market, By Application:
  • Residential
  • Commercial
  • Industrial
• Global Electricity Meters Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Siemens AG *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Holley Metering Ltd.
  • Schneider Electric SA
  • Itron
  • General Electric
  • Landis+Gyr
  •  Delixi Group Co. Ltd.
  •  Jiangsu Linyang Electronics Co., Ltd.

*Browse all the market data tables and figures on “Global Electricity Meters Market- Forecast to 2028”