Single-Phase Energy Meter Trends and Forecast
The future of the global single-phase energy meter market looks promising with opportunities in the domestic and industrial markets. The global single-phase energy meter market is expected to reach an estimated $9.0 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are the expansion in the utilization of smart grids, rising power generation worldwide, and replacement of renewable electricity.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Single-Phase Energy Meter by Segment
The study includes a forecast for the global single-phase energy meter by configuration type, application, end use, and region.
Single-Phase Energy Meter Market by Configuration Type [Shipment Analysis by Value from 2018 to 2030]:
• Digital
• Analog
Single-Phase Energy Meter Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Factories
• Household Appliance
Single-Phase Energy Meter Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Domestic
• Industrial
Single-Phase Energy Meter Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Single-Phase Energy Meter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies single-phase energy meter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the single-phase energy meter companies profiled in this report include-
• Genus
• Zhejiang Yongtailong Electronic
• Siemens
• Itron
• Schnieder Electric
• Landis+Gyr
• Invendis Technologies India
Single-Phase Energy Meter Market Insights
Lucintel forecasts that digital is expected to witness higher growth over the forecast period.
Within this market, domestic will remain the larger segment.
APAC is expected to witness highest growth over the forecast period due to high population density, rising data centers, industrialization, and household income, as well as investments in smart grid and smart city technologies in this region.
Features of the Global Single-Phase Energy Meter Market
Market Size Estimates: Single-phase energy meter market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Single-phase energy meter market size by configuration type, application, end use, and region in terms of value ($B).
Regional Analysis: Single-phase energy meter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different configuration type, application, end use, and regions for the single-phase energy meter market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the single-phase energy meter market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the single-phase energy meter market size?
Answer: The global single-phase energy meter market is expected to reach an estimated $9.0 billion by 2030.
Q.2 What is the growth forecast for single-phase energy meter market?
Answer: The global single-phase energy meter market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the single-phase energy meter market?
Answer: The major drivers for this market are the expansion in the utilization of smart grids, rising power generation worldwide, and replacement of renewable electricity.
Q4. What are the major segments for single-phase energy meter market?
Answer: The future of the global single-phase energy meter market looks promising with opportunities in the domestic and industrial markets.
Q5. Who are the key single-phase energy meter market companies?
Answer: Some of the key single-phase energy meter companies are as follows:
• Genus
• Zhejiang Yongtailong Electronic
• Siemens
• Itron
• Schnieder Electric
• Landis+Gyr
• Invendis Technologies India
Q6. Which single-phase energy meter market segment will be the largest in future?
Answer: Lucintel forecasts that digital is expected to witness higher growth over the forecast period.
Q7. In single-phase energy meter market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to high population density, rising data centers, industrialization, and household income, as well as investments in smart grid and smart city technologies in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the single-phase energy meter market by configuration type (digital and analog), application (factories and household appliance), end use (domestic and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Single-Phase Energy Meter Market, Single-Phase Energy Meter Market Size, Single-Phase Energy Meter Market Growth, Single-Phase Energy Meter Market Analysis, Single-Phase Energy Meter Market Report, Single-Phase Energy Meter Market Share, Single-Phase Energy Meter Market Trends, Single-Phase Energy Meter Market Forecast, Single-Phase Energy Meter Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.