Digital Power Meter Market (Updated Version Available)

Digital power meters are next-generation meters that provide precise readings of electricity consumption and are generally installed in households or in enterprises to maintain detailed statistics on energy consumption.
One of the primary drivers for this market is the rise in the deployment of smart grid projects. Smart grids include grid applications such as smart power meters, supervisory control and data acquisition (SCADA) systems, IT, and other communication networks. These devices enable utilities to have complete control and manage the digital assets that are present in the field. The smart grid networking systems enable a utility to analyze and map the energy consumption patterns of its customers, thereby helping in load forecasting and peak demand management along with risk determination. Also, it enables the reduction of power outages by providing detailed information about the functioning status of the power system network. With rapid development in smart grid-related equipment and solutions, management of huge data volumes has become a major concern among power utilities. This development of the smart grid projects worldwide is expected to propel growth in the global digital power meter market during the forecast period.
The market is fragmented with the presence of many well-diversified international, regional, and local manufacturers, and the competition among these players is intense. In several developing and underdeveloped countries, local or regional manufacturers dominate the market. With the global players increasing their footprint in the market with their huge infrastructure and R&D support, it has become extremely difficult for regional players to compete in terms of reliability, technology, and price.
The report outlines the development of diverse regions and countries by including the market size, volume and value. It also contains the manufacturers data such as batch, price revenue, profit, interview record and business distributors.
The Digital Power Meter market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

In global market, the following companies are covered:
Itron
Landis+Gyr
Schneider Electric
Sensus
Advanced Electronics Company
EKM Metering
Elster Group (owned by Honeywell)
Holley Metering
Jiaxing Eastron Electronic Instruments
Kamstrup
LINYANG Energy
Murata Power Solutions
Simpson Electric

Market Segment by Product Type
Digital Meter Type
Electrical Meter Type
Electromechanical Meter Type
Electronic Meter Type

Market Segment by Application
Residential
Commercial
Industrial

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the companys product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Digital Power Meter market for the forecast period 2020 - 2025?
• What are the driving forces in the Digital Power Meter market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Digital Power Meter industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?